Caslon’s long time banking relationship hindered both party’s opportunity to search for other financial alternatives • Current debt structure doesn’t fit the company’s banking needs ➢ Caslon lends beyond the credit line granted to Padgett’s • Padgett is a significant client and important to its profitability • No protective covenants • No collaterals • Inappropriately debt structure • Caslon is willing to extend loans to 6 years for Padgett; longer than a typical 5-year term loan for a company
Words: 1165 - Pages: 5
Pro Rata Paris Club Used to describe a proportionate allocation. A monthly meeting, taking place in Paris, between the creditors of 19 countries for the purpose of discussing debt issues. Among other things, the Paris Club addresses the issue of coordinated debt relief for developing countries that cannot service their debt. 白皮书 White Paper An informational document issued by companies trying to promote or highlight the significance of a planned product or service 白武士 White Knight A company that
Words: 41444 - Pages: 166
Thikana Loan, Flexi Loan, Peshajeebi Loan. This report highlights the loan policies of Standard Bank Limited; explain different issues regarding the disbursement of loans such as: sector where loans are provided, purposes of the loan, eligibility to get loans, documents required, interest charged on loans, & also the rate of penal interest in case of late repayment. From my observation, some weaknesses of the loan policies of Standard Bank Limited are detected, such as high interest rate, charging
Words: 19536 - Pages: 79
FACTORS THAT INFLUENCE THE CREDIT AVAILMENT OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN TANAUAN CITY A Thesis Presented to the Faculty of College of Accountancy Business, Economics and International and Hospitality Management Batangas State University-JPLPC,Malvar Campus Malvar, Batangas In Partial Fulfillment Of the Requirement for the Degree Bachelor of Science in Business Administration Major in Financial Management By: Chona E. Maquiñana Lorie May R. Catimbang Jonie E. Mendoza
Words: 15348 - Pages: 62
reducing public sector debt, and increasing government tax revenues. Russia’s government continued to spend more while collecting tax revenues that were lower than projected. The Ruble crisis made global business with Russia a high risk, and many legal, cultural and ethical challenges existed. Because the ruble was so unstable during the 1990’s, writing long term trade contracts was nearly impossible. As a result of the many changes, the Russian economy grew and the foreign debt declined. In 2004
Words: 383 - Pages: 2
things remaining the same, the greater the firm's liquidity. This is generally true since current assets are usually more easily converted into cash. C. The firm can invest in marketable securities to increase its liquidity. However, such a policy involves committing the firm's funds to a relatively low-yielding (in comparison to fixed assets) investment. II. Managing the firm's use of current liabilities A. The greater the firm's use of current liabilities, other things being the
Words: 6416 - Pages: 26
and ex ante benefits of accounting conservatism to lenders and borrowers in the debt contracting process. I expect conservatism to benefit lenders ex post through the timely signaling of default risk, as manifested by accelerated covenant violations, and to benefit borrowers ex ante through lower initial interest rates. Consistent with these predictions, I find that more conservative borrowers are more likely to violate debt covenants following a negative price shock, and that lenders offer lower interest
Words: 19141 - Pages: 77
A STUDY ON THE IMPLICATIONS OF CORPORATE RESTRUCTURING Dr. Bernadette D’silva Director, K.G. Mittal Institute of Management, I.T & Research, Malad (West), Mumbai64, Email: Bernadette.dsilva@gmail.com Mrs. Annie Beena Joseph Associate Professor, K.G. Mittal Institute of Management, I.T & Research, Malad (West), Mumbai-64, Email: annie.b.joseph@gmail.com ABSTRACT Corporate Restructuring has become a major component in the financial and economic environment all over the world. It is the process of
Words: 3423 - Pages: 14
[pic] Mahindra & Mahindra Financial Services Limited From Wikipedia, the free encyclopedia Jump to: navigation, search |[pic] |This article appears to be written like an advertisement. Please help improve it by rewriting promotional content from a neutral point of view and removing any | | |inappropriate external links. (November 2011) | |Mahindra & Mahindra
Words: 2019 - Pages: 9
Limited liability 4. Ease of raising capital ii. Disadvantages: 1. Double taxation 2. Cost of set-up and report filing c) Corporations go public and continue to grow by issuing an IPO and by borrowing from banks, issuing debt, or selling additional shares of stock. Agency problems are the differences between the goals of managers and shareholders where managers sometimes act in their self interest when they act as the agent of the corporation. Corporate governance is a
Words: 808 - Pages: 4
