![]() Pillar I of the accord covers the minimum capital adequacy standards for banks, Pillar II focuses on enhancing the supervisory review process, and Pillar III encourages market discipline through increased disclosure of banks’ financial condition.Ī financial contract that gives the buyer the right, but not the obligation, to buy (sell) a financial instrument at a set price on or before a given date.Ī leveraged transaction in which borrowed funds are used to take a position in which the expected interest return exceeds the cost of the borrowed funds. ![]() ![]() Long-term debt or preferred stock for which the coupon or dividend is regularly reset via Dutch auction.Īn accord providing a comprehensive revision of the Basel capital adequacy standards issued by the Basel Committee on Banking Supervision. Often, when the cash flows are collateralized by real estate, an ABS is called a mortgage-backed security.Īn index of credit default swaps referencing 20 bonds collateralized by subprime mortgages or home equity loans. Commercial paper collateralized by a pool of loans, leases, receivables, or structured credit products.Ī security that is collateralized by the cash flows from a pool of underlying assets, such as loans, leases, or receivables.
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