Resource nationalism 2. Skills shortage 3. Infrastructure access 4. Cost inflation 5. Capital project execution 6. Social license to operate Editorial — Prospects and perils: facing up to political risks in mining and metals 7. Price and currency volatility 8. Capital management and access 9. Sharing the benefits 10. Fraud and corruption 3 4 10 11 14 17 20 23 26 28 32 35 38 40 Under the radar Getting prepared 42 46 The Ernst & Young business risk radar for mining and metals Up from
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NATIONAL STOCK EXCHANGE OF INDIA LIMITED Test Details: Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 Name of Module Fees (Rs.) Test Duration (in minutes) 120 120 120 120 120 120 105 105 120 120 120 120 120 No. of Questions 60 60 60 60 60 60 60 60 60 60 60 60 100 Maximum Marks 100 100 100 100 100 100 100 100 100 100 100 100 100 Pass Certificate Marks Validity (%) (in years) 50 50 50 50 50 50 60 50 60 60 60 60 50 5 5 5 5 5 5 5 5 3 5 5 3 3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
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Draft, Aug 22, 2015 Finance 853 Debt, Money Instruments and Markets Syllabus Andrei Simonov / Room 321/ tel. 884-0455 / simonov@msu.edu “Debt, Money Instruments and Market” rounds out a portfolio of major topic areas in finance and will be of interest to any MBA student who is interested in either investment or corporate finance. This course provides students with a focused examination of the debt market. Topics examined include valuation, term structure of interest rates, derivatives
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FINC 554 Investment Banking Names: Ali Geramian & Dinh Ton Assignment: Date : Google, Inc. February 11, 2013 Section (circle) ____30______31______32____ This assignment exclusively represents our own work. We have not discussed this case or this assignment with anyone and have done no outside research unless specifically authorized to do so. We have not discussed this work with any other students past or current nor have we reviewed any related work product prepared by such
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reflect changes in their value, with the resulting change impacting either net income or other comprehensive income for the period. The result is a balance sheet that better reflects the current value of assets and liabilities. The cost is greater volatility in periodic reported performance caused by changes in fair value. The notion of fair value accounting is intuitive when applied to quoted investments such as equities, bonds, commodities, etc. that are carried in an entity’s balance sheet at their
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Credit risk economic capital: Measure, Attribution of portfolio diversification benefit, Allocation key to portfolio components. Emmanuel Noblet Executive Summary Recent years have witnessed significant advances in the design, calibration and implementation of credit risk portfolio models. [BANK X] currently uses Moody’s KMV (Kealhofer, McQuown and Vasicek) Portfolio Manager ([PM]). Models enrich management’s ability to make informed decisions to identify concentrations of risk and opportunities
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MARKET EFFICIENCY Efficiency with respect to an information set implies . . . that it is impossible to make abnormal profits by trading on the basis of that information set. 1. Prices in mkt reflect info about securities =>won’t be easy to find NPV>0 for financing i.e. under/overpriced securities is unlikely. 2. Market is efficient w/ respect to some info set if security prices would be unaffected by revealing that info to all participants. Weak Market reflects all info about past prices
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In the aftermath of the financial crisis of 2007, there has been a great deal of debate regarding the key underlying causes. For example, when people discuss the collapse of the financial markets, the most frequently mentioned word is subprime mortgagewhich is considered as the culprit of the crisis. Yet, is subprime mortgage the root of the crisis? If it was, then the question would be how this type of financial product, which is only marginal part of the financial market, could cause such a
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models themselves and understand how to interpret results Gives advice on planning and executing a project in empirical finance, preparing students for using econometrics in practice Covers important modern topics such as time-series forecasting, volatility modelling, switching models and simulation methods Thoroughly class-tested in leading finance schools Chris Brooks is Professor of Finance at the ICMA Centre, University of Reading, UK, where he also obtained his PhD. He has published over
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INTEREST RATES STRATEGY 24 February 2011 Understanding OIS discounting The Dodd-Frank Act mandates central clearing for most swaps and the collateralization of uncleared swaps on dealer balance sheets. OIS discounting is the technically correct approach for pricing and valuing collateralized swaps, and it involves a thorough reconsideration of traditional pricing and valuation techniques. In this note we provide background and touch on some technical nuances involved. The traditional
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