adjust for the compression of probability of default (PD) estimates in internal ratings-based (IRB) capital requirements during benign credit conditions by using the PD estimates for a bank’s portfolios in downturn conditions. Addressing the same issue, the UK Financial Services Authority (FSA) has proposed an approach aimed at providing non-cyclical PDs in IRB requirements through the applica
3. Enhanced counterparty credit risk management
requirements
a comprehensive stress testing program for
counterparty credit risk
an independent risk control unit
Officially known as the Act of June 16, 1933
Authorized the President of the United States to regulate industry, permit cartels and monopolies in an attempt to stimulate economic recovery
http://www.yo%utube.com/watch?v=WJTxhz2dBCk
National Labor Relation Act (Wagner Act)
Law that limits the means with which employers may react to workers in the private sector that create lab
(2) Performance overview
Hyundai E&C ‘s main performance related to sales is consist of plant & electrical works. Second major performance is building & housing. According to this, new orders follow similarly. Plant & Electrical and building & housing new orders account for about 70 % of whole new orders.
(3) ROA
ROA(Return on Assets) = NOPAT / Average assets
① Tuksu E&C
ROA = {
(2) Trend income statements
(%) 2009 2008 2007 2006 2005
sales 338 367 191 143 100
gross profit 4 301 409 174 100
operating income -330 254 479 179 100
income before income tax -906 128 482 169 100
net income -15,685 2,123 7,877 1,120 100
From comparative income statements and trend income statements above, we can see that net income in 2009 plunged dramatically. However, compare to 2