Definition, Betydelse & Anagram | Engelska ordet TRANCHES

Definition av TRANCHES

1. böjningsform av tranch

Exempel på hur man kan använda TRANCHES i en mening

• The Mark 1 coaches were built in two distinct tranches: the early vehicles (1951–1960) and, from 1961 onwards, the "Commonwealth" stock – so named on account of their bogies, which were a variant of the bogie designed by the General Steel Castings Corporation (formerly named the Commonwealth Steel Company) of Granite City, United States of America.
• As an example, a CDO might issue the following tranches in order of safeness: Senior AAA (sometimes known as "super senior"); Junior AAA; AA; A; BBB; Residual.
• Since the 1998 Russian financial crisis roiled the market, however, arrangers have adopted market-flex contractual language, which allows them to change the pricing of the loan based on investor demand — in some cases within a predetermined range — and to shift amounts between various tranches of a loan.
• The securitization process follows a waterfall model which is divided into tranches and pays investors based upon the level of riskiness their investments hold.
• The first major modification to the mounting, the Mod 1, was developed in 1998 in two tranches replacing the gunhouse with a reduced radar cross section assembly and replacing the hydraulic loading mechanism with an all-electric system.
• The situation is complicated by recent innovations in the credit markets and explosive growth of instruments that allow credit risk to be precisely targeted, such as credit-default swaps and the ability to split different tranches of instruments in collateralized debt obligations (CDO).
• India has increased its loans from the Asian Development Bank (ADB) since 2005 after the introduction of new financing modalities, such as the multitranche financing facility (MFF) which features a framework agreement with the national government under which financing is provided in flexible tranches for subprojects that meet established selection criteria.
• Late 1970s: Lewis Ranieri (Salomon) and Larry Fink (First Boston) invent securitization; mortgages are pooled and the pool is sliced into tranches, which are then sold to investors.
• The rationale behind appraisal reductions is to support proactively the credit rating of senior CMBS tranches by reducing cash-flow payments to the subordinate tranches.
• The rationale behind appraisal reductions is to support proactively the credit rating of senior CMBS tranches by reducing cash-flow payments to the subordinate tranches.
• The funds were said to be in the form of €500 notes, handed over in person in three tranches, in a suitcase, holdall and Fortnum & Mason carrier bags.
• In 2005, the synthetic CDO market in corporate bonds spread to the mortgage-backed securities market, where the counterparties providing the payment stream were primarily hedge funds or investment banks hedging, or often betting that certain debt the synthetic CDO referenced – usually "tranches" of subprime home mortgages – would default.
• The funds were said to be in the form of €500 notes, handed over in person in three tranches, in a suitcase, holdall and Fortnum & Mason carrier bags.
• The 20–30% remaining mezzanine tranches were usually bought up by other CDOs, to make so-called "CDO-Squared" securities which also produced tranches rated mostly triple A by rating agencies.
• This research has been updated in 2010, leading to the monograph Credit Models and the Crisis: A journey into CDOs, Copulas, Correlations and Dynamic Models by Brigo, Pallavicini and Torresetti (2010), where, besides the dynamic loss models, the authors show research published before the crisis in 2006, highlighting the problems of the implied and base correlation paradigms that were dominating the valuation of credit index tranches at the time, based on the Gaussian copula, including the impossibility to match specific tranche spread patterns and the issue of allowing for negative expected tranched losses that pointed at possible arbitrage, see for example Torresetti, Brigo and Pallavicini (2006).
• An example would be hedging the purchase of a call option by buying shares of the same underlying or hedging UK Non-conforming RMBS Residuals with Mezzanine tranches.
• Beyond the challenges posed by estimation of the asset pool's loss distribution, tranching requires detailed, deal-specific documentation to ensure that the desired characteristics, such as the seniority ordering the various tranches, will be delivered under all plausible scenarios.
• One of the main shortcomings of the model is that traders when pricing CDOs randomly alter the correlation parameter for different CDO tranches to achieve desired tranche spreads.
• The final report of the CIAC was presented in November 2008; among its arguments were the declaration of "illegitimacy" to the commercial tranches and the need of recognizing the joint responsibly comprehended in managing the debt, the annulment of illegitimate obligations and the compensation for the damages caused.
• After it was fully demolished in 1661, the materials were sold to William Beaven, who was also granted an effective 45-year lease to the ground, in two tranches of 21 years and a further tranche of 3 years because a college ordinance prohibited any leases longer than 21 years.

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