c*******e
发帖数: 563 | 1 Valeant had a $1.35 billion revolving line of credit, a $1.424 billion A-3
tranche A term loan, an $835.6 million A-4 tranche A term loan, a $1.053
billion D-2 tranche B term loan, an $808.9 million C-2 tranche B term loan,
a $2.45 billion E-1 tranche B term loan and a $3.88 billion F tranche B term
loan as of June 30, according to an earnings release. The company also had
$19.26 billion of senior notes. |
|
c***h
发帖数: 80 | 2 passthrough 使所有的investor都承担同样的prepayment risk
CMO实现了tranching，就是把liability side分成不同的risk level卖给investor，各
个tranche的prepayment risk resistance 不一样。具体可以google一下 tranching/
senior tranche/supporting tranche/PAC/equity tranche等 keyword |
|
e*******l
发帖数: 55 | 3 请教大虾:(要是有reference 就更好了, I can't find them in John Hull and other
books that I have)
For a CDS :
1. What's the definition of pv01? Is it the change of CDS pv given 1 bp
change in CDS par spread, or 1 bp change in CDS coupon?
2. What's the definition of duration?
For a CDO tranche:
1. What's the definition of pv01? Is it the change of tranche pv given 1 bp
change in tranche par spread, or tranche coupon, or index par spread?
2. What's the definition of tranche duration? |
|
a***r
发帖数: 594 | 4 It is very hard to infer the exact positions Paulson took from the news or
even the court docs. But it feels to me that Goldman did what a broker did.
no more no less.
Paulson wanted to short a portfolio, so he created one and asked GS to make
a trade. GS of cource did not want to be the long end of the this deal so
they try to off load.
However, given the size of the trade, GS could NOT find any one to take the
whole long side of the trade. So they tranched it. They engineered the 10-
100 tranc... 阅读全帖 |
|
b********n
发帖数: 38600 | 5 Ukraine unlikely to receive IMF loan tranche this year: finance minister
http://news.yahoo.com/ukraine-unlikely-receive-imf-loan-tranche
KIEV (Reuters) - Ukraine is unlikely to receive a second tranche of a $17-
billion loan program from the International Monetary Fund this year as
expected, Finance Minister Oleksander Shlapak said on Tuesday, in the latest
economic blow to the debt-ridden country.
Ukraine, which has been fighting pro-Russian separatists in its east and
struggling to resolve a m... 阅读全帖 |
|
p******o
发帖数: 9007 | 6 He can long equity tranches, and short any of senior/junior/mezzanine
tranches. Or he can pick any combinations he wants, and leave the rest
tranches either to ACA or GS. So he can both long and short tranches of this
deal. |
|
G**Y
发帖数: 33224 | 7 he President of Russia met with media representatives to answer a number of
their questions, in particular with regard to the situation in Ukraine.
PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, colleagues,
How shall we do this? This is what I’d like to suggest: let’s have a
conversation, rather than an interview. Therefore, I would ask you to begin
by stating all your questions, I will jot them down and try to answer them,
and then we will have a more detailed discussion of the specifics t... 阅读全帖 |
|
a*********a
发帖数: 3656 | 8 CDO, collarteralized debt obligation.
the contract is based on a pool of credit risky assets.
the issuer of the CDO selects and buys these assets before the issuance.
this process is reffered to as ware housing. during the ware housing, the
issuer is exposed to the risk that these assets loose value. Typically the
issuer will put on short term hedges.
the asset pool is divided into tranches.
Each tranche is defined by an attachment point and a detachment point. the
buyer of the tranches pays th |
|
a*********a
发帖数: 3656 | 9 back when I worked in structured credit, correlation trading was a part of
the structured credit trading. correlation trading did index tranches, while
other groups in the structured credit did synthetic bespokes CDOs, cash
CDOs etc.
about the most exotic a correlation desk traded back then were those
leveraged super senior index tranches, which later turned into huge
disasters to them.
All mortgage products belonged to the mortgage desk. but I heard some of
them refer to themselves as structure... 阅读全帖 |
|
t*******o
发帖数: 1464 | 10 http://www.marketwatch.com/story/generex-receives-funding-commitment-2010-04-08?reflink=MW_news_stmp
这个Seaside 88, LP要买up to 总股数的1/5。。。。计划每半个月2m的购入量
WORCESTER, Mass., Apr 8, 2010 (GlobeNewswire via COMTEX) -- Generex
Biotechnology Corporation /quotes/comstock/15*!gnbt/quotes/nls/gnbt (GNBT
0.47, +0.02, +3.56%) (www.generex.com), the leader in drug delivery for
metabolic diseases through the inner lining of the mouth, today announced
that it has entered into a common stock purchase agreement w... 阅读全帖 |
|
y*****l
发帖数: 5997 | 11 GMO 10月从中国拿了个大单子.
General Moly Announces Hanlong to Accelerate Funding of First $40 Million
Equity Tranche
Tuesday 10/26/2010 9:11 AM ET - Businesswire
General Moly (NYSE Amex:GMO)(TSX:GMO) announced that the Company has
executed an amendment to the previously announced agreement with Sichuan
Hanlong Group (Hanlong) setting the closing of Hanlong's $40 million
purchase of the first tranche of equity in General Moly, representing a 12.5
% fully diluted stake and approximately 12 million shares, o... 阅读全帖 |
|
S*********n
发帖数: 4050 | 12 关于经济危机的起源，是regulation还是deregulation.
认为是regulation造成经济危机的请提供资料。TeddyBear请出手。
============================================
Officially the Great Recession started in December 2007, long before most
Americans on Main Street realized what was about to happen. And according to
the NBER, the Great Recession ended in July 2009, which most Americans on
Main Street cynically laughed at knowing full well their recession was not
over at that time.
There is a lot of blame to go around for the Great Recessio... 阅读全帖 |
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a***r
发帖数: 594 | 13 that is not entirely true, it is a synthetic CDO.
an regular CDO, the issuer first buys the underlying assets (bonds, MBS, etc
), then slice the asset pool into tranches. buyers are interested in the
cash flow the underlying assets provide. When you "buy" such a tranche, you
receive coupon payments, when default happened the issuer gets credit
protection payment from you to offset the loss on the underlying he owns.
a synthetic CDO, there is really not an "issuer". Paulson specifies a set of
und |
|
v**********m
发帖数: 5516 | 14 http://www.guardian.co.uk/world/blog/2011/jun/21/greece-vote-of
By Barry Moody and Harry Papachristou
ATHENS | Tue Jun 21, 2011 4:21pm EDT
ATHENS (Reuters) - More than 20,000 chanting protesters besieged the Greek
parliament on Tuesday before Prime Minister George Papandreou's embattled
government faced a confidence vote crucial to avoiding a sovereign default.
In the biggest protest in Syntagma square for several days, the protesters
chanted slogans against the politicians, shone hundreds of gr... 阅读全帖 |
|
v**********m
发帖数: 5516 | 15 【 以下文字转载自 pennystock 俱乐部 】
发信人: varianinccom (fool), 信区: pennystock
标 题: greece crisis
发信站: BBS 未名空间站 (Tue Jun 28 14:12:02 2011, 美东)
Monday 27 June
The Greek parliament begins debating the austerity package introduced by
George Papandreou's government. Meanwhile, in Rome, the Institute of
International Finance, a global financial industry association, discusses
how private creditors could help to restructure Greece's debt mountain.
Tuesday 28 June
Public and private-sector workers across Greece... 阅读全帖 |
|
g****t
发帖数: 4493 | 16 Jan. 2.17 | About: NVIDIA Corporation (NVDA)
来源： NVIDIA Corporation (NASDAQ:NVDA) | Seeking Alpha
Long/short equity, deep value, special situations, contrarian
Summary
In November 2013, Nvidia sold about 64 million warrants to Goldman Sachs.
Today, both parties are entering in a termination agreement, whereby Nvidia
will settle in shares.
The termination agreement will cost Nvidia shareholders anywhere from 8% to
9.2% in dilution.
This is a major dilutive transaction and therefore negative for t... 阅读全帖 |
|
E**********v
发帖数: 5509 | 17 你可以坐地起价，吸光他们的包子，securitize成不同的tranches（几天到十几天不等
），开个secondary market，给黑风寨的兄弟们做个road trip，大家视乎自己的节假
日安排，bid不同的tranches。如此这般，戒网工程managable，并且reduce了risk，还
挣了包子。对方的人在相当一段时间内也没有资金翻盘了。 |
|
j*p
发帖数: 411 | 18 攒人品，顺便回答一下 iiiir 的问题。
我们尝试过好几种不同的SNP calling的方法，包括GATK, Samtools, Varscan,
SeqGenes, 等，并且做了SNP array 作为gold standard比较各种方法的prediction
power。
从我们的经验，BWA + GATK 最好，sensitivity 和 specificity 都在95%以上。
以下是GATK 的pipeline
假设你有一个control 样品C 和一个样本样品A的pair-end sequencing，共4个文件，C
_R1.fastq, C_R2.fastq, A_R1.fastq and A_R2.fastq如何通过BWA/GATK去找样品A中
的SNPs (相对于C)
假设assembly 用的是hg19，你的BWA index 在这里：/bwa/indexes/hg19
Check this website if you have any questions:
http://seqanswers.com/wiki/How-to/exome_analysis
#s... 阅读全帖 |
|
j*p
发帖数: 411 | 19 攒人品，顺便回答一下 iiiir 的问题。
我们尝试过好几种不同的SNP calling的方法，包括GATK, Samtools, Varscan,
SeqGenes, 等，并且做了SNP array 作为gold standard比较各种方法的prediction
power。
从我们的经验，BWA + GATK 最好，sensitivity 和 specificity 都在95%以上。
以下是GATK 的pipeline
假设你有一个control 样品C 和一个样本样品A的pair-end sequencing，共4个文件，C
_R1.fastq, C_R2.fastq, A_R1.fastq and A_R2.fastq如何通过BWA/GATK去找样品A中
的SNPs (相对于C)
假设assembly 用的是hg19，你的BWA index 在这里：/bwa/indexes/hg19
Check this website if you have any questions:
http://seqanswers.com/wiki/How-to/exome_analysis
#s... 阅读全帖 |
|
e*******l
发帖数: 55 | 20 Thanks. So for tranche PV01, it's with respect to the tranche par spread or
the underlying pool index par spread? |
|
b***k
发帖数: 2673 | 21 ☆─────────────────────────────────────☆
Andreas (有業盡勤|防火防暴防民科) 于 (Sat May 9 17:44:03 2009) 提到:
有个structure，underlying mortgage的WAC很高，loss却又很低，每月都有很多
ramaining cash，即便不prepay任何tranch，最后各个tranch也能按时按量支付。
这种情况下remaining cash怎么办？可以加到reserve account里么？reserve是从来没
有withdraw过的。还是IB自己把钱抽走花了？
☆─────────────────────────────────────☆
ken (此才！此才！) 于 (Sat May 9 22:35:31 2009) 提到:
residual, nim, cdo^2.
☆─────────────────────────────────────☆
nycplayer (ncp) 于 (Sun May 10 10:40:58 2009) 提到:
看 |
|
t*****k
发帖数: 15 | 22 谁会做，我PAY 200刀，有兴趣的留言，速度从快
[45 pts total] Consider a 1,000,000 CMBS pass-through (PT) security
consisting of fresh 15 year fixed rate loans that amortize over a period of
30 years, and have a WAC of 7% with fees amounting to 0.5%. All loans have
a prepayment lock-out for the entire term. Assume that the pool consists of
very many small, identical loans. The CMBS is sold at par under a zero CDR
assumption.
a. [10 pts] Assume there are no defaults. Compute the PT cash flows and
show that the ca... 阅读全帖 |
|
p******o
发帖数: 9007 | 23 What you said makes sense too. Long equity and short mezzanine and even
senior tranches is a well recognized strategy.So when GS/Fab told ACA
Paulson long the deal (the wording can be he is long some tranches), they
are not telling a complete lie.
.
make
the
off |
|
z***e
发帖数: 1757 | 24 Paulson would be neutral on 0-10 tranches, right? In other words,the whole
deal could be just 10-100 tranches in this example, right? |
|
a***r
发帖数: 594 | 25 what I speculated was that Paulson wanted to find some one to take the other
end of a short bet, and the bigger the size the merrier. Unfortunately, no
one with half a brain wanted to do that with him.
GS managed to engineer the standard trick for him at that time. That is to
create a senior tranche that is AAA rated, we all know how easy it was after
tweaking the subordinations a bit and throw in a few triggers. This AAA
piece of shit can be marketed to a broader range of (i.e. dumber) investor... 阅读全帖 |
|
v**********m
发帖数: 5516 | 26 Monday 27 June
The Greek parliament begins debating the austerity package introduced by
George Papandreou's government. Meanwhile, in Rome, the Institute of
International Finance, a global financial industry association, discusses
how private creditors could help to restructure Greece's debt mountain.
Tuesday 28 June
Public and private-sector workers across Greece will begin a two-day strike
to coincide with the austerity debate. A major demonstration is scheduled
for 11am local time at Areos pa... 阅读全帖 |
|
c*****1
发帖数: 25 | 27 更细一点的
https://mninews.deutsche-boerse.com/index.php/calendar-key-upcoming-events-
eurozone-0?q=content/calendar-key-upcoming-events-eurozone-0
Wednesday, September 28, 2011 - 01:37
Calendar Of Key Upcoming Events In The Eurozone
LONDON (MNI) - As the debt crisis continues to smolder in the Eurozone,
markets are closely monitoring official meetings, national parliamentary
votes and sovereign debt auctions in the periphery.
Below is a timetable of important upcoming events in the Eurozone:
- Sep 2... 阅读全帖 |
|
c**i
发帖数: 6973 | 28 发信人: choi (choi), 信区: Literature
标 题: Archive Digitilization
发信站: BBS 未名空间站 (Mon Nov 29 16:14:35 2010, 美东)
(1) David Sarno, Digital Technology Lets Libraries Share Their Fragile
Treasures With the World; Powerful scanners allow for the preservation and
easy dissemination of ancient texts, but the volume of material waiting to
be processed is enormous. Los Angeles Times, Nov. 24, 2010.
http://www.latimes.com/business/la-fi-digital-library-20101125,0,2150064.story
("Harvard-Yenching Library, like... 阅读全帖 |
|
P*****t
发帖数: 4978 | 29 TG其实也不傻
Wikileaks cables reveal China 'ready to abandon North Korea'
China has signalled its readiness to accept Korean reunification and is
privately distancing itself from the North Korean regime, according to
leaked US embassy cables that reveal senior Beijing figures regard their
official ally as a "spoiled child".
News of the Chinese shift comes at a crucial juncture after the North's
artillery bombardment of a South Korean island last week that killed four
people and led both sides to thre... 阅读全帖 |
|
a****s
发帖数: 3077 | 30 看看党如何讨好洋大人的。一单67亿美金进口转基因大豆1150万吨，中国人均10公斤转
基因大豆。以前国人吃爱国鸡，如今吃爱国豆，不过是爱美国.
UPDATE 2-China inks $6.7 bln U.S. soybean deal, largest ever
http://www.reuters.com/article/idUSN2110030120110122
Fri Jan 21, 2011 7:06pm EST
* Two-day total sales agreement for 11.56 mln T, $6.68 bln * China
signs deals Friday to buy 8.45 mln T US soybeans
(Recasts, adds quotes, background) By Karl Plume CHICAGO, Jan 21 (
Reuters) - China wrapped up its biggest
ever one-off U.S. soybean purchase on Friday in a $6.7 billion
... 阅读全帖 |
|
a****s
发帖数: 3077 | 31 看看党如何讨好洋大人的。一单67亿美金进口转基因大豆1150万吨，中国人均10公斤转
基因大豆。以前国人吃爱国鸡，如今吃爱国豆，不过是爱美国.
UPDATE 2-China inks $6.7 bln U.S. soybean deal, largest ever
http://www.reuters.com/article/idUSN2110030120110122
Fri Jan 21, 2011 7:06pm EST
* Two-day total sales agreement for 11.56 mln T, $6.68 bln * China
signs deals Friday to buy 8.45 mln T US soybeans
(Recasts, adds quotes, background) By Karl Plume CHICAGO, Jan 21 (
Reuters) - China wrapped up its biggest
ever one-off U.S. soybean purchase on Friday in a $6.7 billion
... 阅读全帖 |
|
l**i
发帖数: 8144 | 32 金融有个啥技术？
cds tranch？
pde？ |
|
c******k
发帖数: 8998 | 33 Sam LaHood, the son of U.S. Transportation Secretary Ray LaHood and the head
of the International Republican Institute's (IRI) Cairo office, was blocked
from departing Egypt earlier this week. He, along with a dozen other
American NGO colleagues, have been placed on an Egyptian "no-fly" list,
officials with IRI told Yahoo News Thursday.
The younger LaHood was blocked at passport control when he went to the Cairo
airport Saturday, Lorne Craner, the head of the IRI, a Washington-based pro
-democr... 阅读全帖 |
|
s*********8
发帖数: 901 | 34 The Obama Administration has stopped paying the bills from hundreds of
health care companies, and it has nothing to do with sequestration.
This is a story of bureaucratic mismanagement at the Centers for Medicare
and Medicaid Services, and the harm it’s visiting on the diagnostic testing
industry.
At issue is the way that Medicare reimburses everyone from the big
laboratory companies such as the Laboratory Corp of America (LH:NYSE) and
Quest Diagnostics Inc. (DGX:NYSE), to the molecular diagnost... 阅读全帖 |
|
m******g
发帖数: 621 | 35 https://www.wsj.com/articles/china-rejects-u-s-target-for-narrowing-trade-
gap-1526756661
A last-ditch effort by the Trump administration failed to get China to
accept its demand for a $200 billion cut in the U.S. bilateral trade deficit
, as Chinese officials resisted committing to any specific targets after two
days of contentious negotiations.
The two days of deliberations in Washington ended with both sides arguing
all night on Friday over what to say in a joint statement, people briefed on
... 阅读全帖 |
|
t**x
发帖数: 20965 | 36 In China, 'Free Trade' Means Steal What You Want
By Betsy McCaughey
June 20, 2018
What can Democrat Chuck Schumer, Republican Marco Rubio and President Donald
Trump agree on? Almost nothing, but they agree China is robbing America
blind and has to be stopped. When the president slapped a punishing 25
percent tariff on $50 billion worth of Chinese goods starting July 6, his
least likely GOP ally, Senator Marco Rubio, applauded the tariffs as a "
theft tax." Senator Schumer backed them, too, warni... 阅读全帖 |
|
发帖数: 1 | 37 英国大学校长因侮辱华裔前妻被逼辞职。
"Well done mate. I had her youth and beauty, you will have her menopause and
her old age (have you seen how Chinese women age!)."
英国威尔斯班戈大学(Bangor University)校长休斯（John Hughes）原本在明年夏季退
休，但他经大学户口向华裔前妻发出的骚扰电邮最近外泄，这些电邮被指有种族、性别
和年龄歧视成份，促使校方要求他提早在12月底辞职。
65岁的休斯出任班戈大学校长8年，大学一些教职员据报收到休斯发给前妻Xinyu Wu及
其现任丈夫的私人电邮，其中一则发给其前妻现任丈夫的电邮说：“我拥有她的青春和
美貌，你却将面对她的更年期和老年(你见过中国老妇是怎么样的吗！)”。
休斯经大学户口发给前妻的另一封私人电邮，则是他与其新伴侣的合照，当中附有“她
较你年轻10年”的句子。英国广播公司（BCC）报道，Xinyu Wu在2016年收到这些电邮
，然后转发给班戈大学，并且要求大学当局采取行动，制止休斯... 阅读全帖 |
|
发帖数: 1 | 38 近年来，美国高风险杠杆贷款规模激增，余额达1.13万亿美元。同时，基于杠杆贷款的
结构化工具——担保贷款证券（CLO）也日益受投资者追捧，市场规模逾7000亿美元。
市场担忧，若按目前趋势继续发展，杠杆贷款与担保贷款证券或将成为新一轮危机的导
火索。
一、杠杆贷款和CLO定义及主要特征
“杠杆贷款”（leveraged loan)，也称“高风险贷款”或“高收益贷款”，是针对高
负债、低评级企业发放的担保贷款。按资金提供方，可划分为“银行杠杆贷款”和“非
银行金融机构杠杆贷款”。按对抵押品的求偿权顺序，又可分为“优先抵押品求偿权杠
杆贷款”和“次级抵押品求偿权杠杆贷款”。
杠杆贷款与2007年次贷危机中的按揭抵押贷款有相似特征。二者的借款人均信用不佳：
按揭抵押贷款的贷款人多是信用记录差的居民，而杠杆贷款的借款人大多是信用评级低
、在资本市场融资存在困难的中小企业（特别是非上市企业）。该类企业的负债水平通
常高于规模和业务相似的其他企业的平均水平。
具体来看，根据标普分类方法，杠杆贷款指评级为“BB+”或更低的企业贷款，或是评
级为“BBB-”（或无评级）、利率在LIBOR+125bp以... 阅读全帖 |
|
c**i
发帖数: 6973 | 39 VOA Chinese, Jan. 3, 2010.
http://www1.voanews.com/chinese/news/US/20100103-US-China-Relations-80534167.html
My comment:
(a) The VOA report is largely based on
John Pomfret, U.S.-China relations to face strains, experts say; Taiwan
arms sale, Obama meeting with Dalai Lama cited. Washington
Post, Jan.. 3, 2010.
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/02/AR2010010201751.html?sub=AR
Note:
(a) tranche (n; "French, literally, slice")
Pay attention to the pronunciation, due to its |
|
p******o
发帖数: 9007 | 40 The critical piece of this case comes down to that:
did Fabrice Tourre misrepresent the trade to ACA and IBK in that he told
them Paulson & Co. was longing the CDO (or specifically the equity tranche).
If this is true, GS is in trouble.
What Pellegrini can make himself clean, but can not save GS. |
|
l****z
发帖数: 29846 | 41 Matthew Fisher, Postmedia News Jul 3, 2012 – 7:18 AM ET | Last Updated:
Jul 3, 2012 11:54 AM ET
OIA, Greece — Why should foreign governments and international funds spend
hundreds of billions of euros in emergency aid to rescue Greece from ruin
when — despite a youth unemployment rate topping 52 per cent — many young
Greeks do not seem interested in working at all?
That is one of many riddles that the new Greek government must try to solve
amid opprobrium and often downright anger from nor... 阅读全帖 |
|
l****z
发帖数: 29846 | 42 Europeans Living in a Parallel Universe
by wheatington
Delusional DisorderDalibor Rohac is an economist at the Legatum Institute in
London. He writes for National Review Online. He thinks that too many
people are living in an alternate reality.
The crisis raging in the Eurozone reminds one of an old Soviet-era joke:
“The future is known, it’s the past that is always changing.” To
European leaders in 2012, what is “known” is that Greece is on the path
toward fiscal consolidation and eventual... 阅读全帖 |
|
T**********1
发帖数: 2406 | 43 Not that simple. If the banks go bust, the equity share holders lose all,
then the bond holders, the the derivaitives counter parties. The depositor
should be the last one to lose any money. The problem now could be that, EU
wants to bail out the bond holder or the deritvatives counter parties but
not the depositors, and even worse, EU wants the dispositions to contribute
to the derivative counter parties. We can guess who the counter parties are
. :-)
It is a Mexican stand off now. The C... 阅读全帖 |
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m********8
发帖数: 7463 | 44 几个小时以前
*GAZPROM SAYS UKRAINE OWES $3.49B FOR GAS AS OF APRIL 30
The deadline for monthly payments 7th day of next mo., according to supply
contract
几个小时之后
IMF SAYS IMMEDIATE UKRAINE LOAN DISBURSEMENT TO BE $3.2 BLN
UKRAINE EXPECTS FIRST TRANCHE OF IMF AID MAY 5-MAY 8
太赞了
俄罗斯藩王诚惶诚恐再次表示“怕怕鸭” |
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发帖数: 1 | 45 Newly released emails have shown again the troublesome interconnections
between the Clinton Foundation and the Hillary Clinton-led State Department.
The conservative accountability group Judicial Watch released Tuesday night
a tranche of nearly 300 emails it obtained through a lawsuit, and they paint
a picture of some of the conflicts of interest created by a situation in
which Hillary Clinton ran U.S. foreign policy as her husband’s foundation
acted around the globe. Many of the emails are reda... 阅读全帖 |
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S*******i
发帖数: 2018 | 46 http://www.wsj.com/articles/the-fbis-missing-texts-1516667245
The Justice Department has dropped a second tranche of text exchanges
between FBI agents Peter Strzok and Lisa Page —conveniently delivering them
to the Senate at the start of last Friday night’s government shutdown.
Investigators are still plowing through the 384 pages, but preliminary
findings raise new questions about FBI political maneuvering during the 2016
election.
Among the biggest news is what wasn’t in the Friday delivery: T... 阅读全帖 |
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b*****e
发帖数: 1125 | 47 可以，在IB里面应该可以查询CUSIP或者ISIN.当然这个公司的债券必须是在SEC注册过
的，如果是144A tranche的话，只有机构可以买。资金门楷应该没有国内那么高，不过
这里的债权par amount都是1000美金，这数字是最起码的。 |
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g*****u
发帖数: 14294 | 49 很遗憾，完全不懂。
我的粗浅理解是这些债券算是早期所罗门兄弟那些人的创新。银行放的loan，同质的
load给pool在一起，由投行给分成不同tranches, 再由某些机构如两房AIG等给盖个猪
肉合格图章(CDS), 打包成债券卖给投资人。
你讲的MBS company是那一环节？是MBI那样的吗？还是投资MBS债券的公司？ |
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b********y
发帖数: 5829 | 50 How will the bailout work and how soon can it be activated?
The IMF is likely to be the first out of the box with money because it
is set up dispense money quickly once it gets board approval. (Getting
such approval is a foregone conclusion with European and U.S. backing.)
The money will be doled out over a number of years, though heavily front
loaded because of Greece’s pressing problems.
Delivering the money in tranches is the traditional IMF style — it’s a
way of keeping countries true to the |
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