Hints and tips:
...GFG Alliance said: “Greensill’s facility expressly permitted Prospective Receivables.”...
...Jay Newman was a senior portfolio manager at Elliott Management and is the author of Undermoney....
...(It is important to understand Victoria has received the payments, it is solely that customer receipts were applied to customer receivable balance without regard for specific invoices being paid); and (...
...The OSC said Emerge Canada had been calculating its excess working capital by including a “related-party receivable” owed to it by Emerge Capital Management, also known as Emerge US, the sub-adviser to the...
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...The examiner noted one internal document where management admitted its complete ignorance of its financial positions and obligations....
...Ltd’s balance sheet....
...Whichever way, revenue is booked as receivables and squared off against payables, but no money ever has to change hands....
...The regulator subsequently filed a criminal complaint against the bank’s management....
...They put real money in, real cash and they charged a below-average management fee.”...
...At that time, the company had $6.5bn in assets, the majority of which was invested in so-called “receivables backed securities”, which are linked to the short-term corporate IOUs Greensill specialises in...
...Guillaume de Goys, the plant’s managing director, praised Liberty’s investments and the greater autonomy it has given management. “For us it has a direct and positive impact,” he told the FT last year....
...Through its Gopher fund-management arm, its assets under management came to more than $25bn at the end of March this year....
...Nick Rowles-Davies, a former managing director of Burford’s UK business and now vice-chairman of rival Litigation Capital Management, said: “You do get some people peddling judgment enforcement who say they...
...Another is the management of “working capital” — money that a business has tied up in everyday items like stock or unpaid customer bills, also known as receivables....
...From thereon, the Bitfinex group began a banking relationship with a Bahamas-based entity called Deltec Bank & Trust Ltd....
...That combined $1bn in receivables and spending had been exacerbated by years of extravagant staff and travel costs, including large entourages surrounding Mr Naqvi....
...The audit found that this money had been accounted for as a receivable from Abraaj’s asset management arm....
...It ordered Hanergy Holding to pay all outstanding receivables due to the listed company....
...The group, which issued a series of profit warnings towards the end of last year, said the proceeds of the sale would be used to “reduce indebtedness, including the company’s receivables financing facility...
...Today regulators are forcing such products into the sunshine of the loan book from the murkier investment receivables category, forcing Minsheng and others like it to set aside more capital for these exposures...
...The group will also appoint Mr Komori as chairman of Fuji Xerox to strengthen the Tokyo management’s oversight function....
...On Friday, Mr Li pledged 1.37bn of Hanergy shares to the company itself to guarantee $410m of receivables....
...Trade receivables owed to HTF from Hanergy Group affiliates totalled HK$2.6bn ($340m), according to its most recently filed accounts....
...The deal would increase Lloyds’ share of the UK credit card market by receivables from 15 to 26 per cent, close to the share of market leader Barclaycard, which may raise competition issues....
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