II. What Are Credit Derivatives?
Derivatives are defined as the exchange or contract which has economic values deriving from the reference assets or index. According to their types, there are overall forward, future, option, and swap. Derivatives are the financial derivatives, which are enabled to trade in the market while consisting of separating the credit risk only to the holder of basic p
최근 들어 우리나라 금융시장의 중요한 변화 중 하나는 자산유동화증권이 금융기관과 기업의 새로운 자금조달수단으로서 크게 부각되고 있다는 점이다.
자산유동화증권은 부동산, 매출채권, 주택저당채권 등과 같이 유동성이 낮은 자산을 기초로 하여 발행되는 증권을 의미한다. ABS는 자산보유자가
1. Introduction
1.1 Purpose
Investigate Analyze
Describe
Knowledge Generation
External Factors
IPRs
shaping
GSM
1.2 Why GSM?
Global System for Mobile Communication
Provides successful technological and market standard
Important role now in industry of telecommunications
Shows importance of possessing IPRs
(Intellectual Property Rights)
1.3 Re
2. the securitization of financial assets
&
the interconnectedness between financial institutions both within and across countries
*Huge deficits of the financial institution
*The credit crunch
*Increasing voltility of stock price, interest rate, exchange rate
The U.S government has used three types of instruments to expand credit.
Method 1: The Discount Window
The Federal Reserve has greatly expanded its discount operations.
the Term Auction Facility
the term asset-backed loan facility.
Method 1: The Discount Window
Although the TALF would seem to be the method of relief involving the least expenditure of federal money and also the least dir