Hints and tips:
Related Special Reports
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...Minneapolis-based Castlelake is a specialist lender with a focus on aircraft leasing, providing financing for large airlines including United Airlines and Turkish Airlines that is secured against their planes...
...Binance said: “This arrangement directly tackles the issue of counterparty risk, the primary concern for institutional investors today,” adding that it has “initiated and successfully executed a risk management...
...Altice France has just over €20bn of secured debt and €4bn of riskier unsecured debt that does not have a direct claim on its assets....
...Many lenders shun development finance in favour of debt secured on existing buildings, which can be sold to recover money in case of default. Lending to support construction is higher risk....
...This collateral aims to prevent cascading defaults during a crisis....
...Because of the way Benko set up the Signa group, which owns stakes in Selfridges and the Chrysler building, the group has fractured after its collapse with creditors and shareholders vying over collateral...
...Less than 5 per cent of the company’s debts were secured, he added....
...It also suggested companies automate their collateral management to reduce the possibility of operational delays or failures....
...The management of Altice’s heavily indebted French telecoms business badly burned bondholders last month, when they carefully explained on a results call that, because modern-day debt covenants have more...
...Secured borrowings also entail additional exposures. Underlying investments or collateral can become inaccessible or illiquid, unexpectedly triggering losses....
...“Based on the evidence and applicable law, the Secured Parties acted in good faith and were commercially reasonable . . . in every aspect of disposing the collateral....
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...Bespoke rules make contracts “very, very difficult to port from one provider to another”, said Nikesh Patel, chief investment officer at Van Lanschot Kempen Investment Management....
...These vulnerabilities call for sound risk management by PBs, overseen by risk-based, proactive supervision....
...The reworked deal announced on Wednesday ends that management arrangement....
...These should be expanded to “all client types in all secured financing and other relevant trading businesses”....
...Information on the liability side of the equation needs to be embedded with tokens; namely getting the cash flows that the collateral generates into a machine-readable and executable format....
...aggressive debt-management moves....
...UBS has agreed to sell $8bn worth of senior secured financing facilities to private capital group Apollo, as it winds down non-core businesses linked to its purchase of Credit Suisse last year....
...But when Ergen shifted the collateral at the start of this year, they expected he would seek to raise cash by selling new secured debt against the shifted assets....
...urged a judge to invalidate a $175mn bond posted by Donald Trump to halt enforcement of a half-billion dollar fraud judgment against him and his businesses, arguing that it is not backed by sufficient collateral...
...BlackRock has been the main beneficiary of the era of US spot bitcoin exchange traded funds — a move its presence helped to bring about — and has attracted nearly $19bn assets under management, according...
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
...Monzo, which recently secured a $5bn valuation, has more than 9mn clients while Revolut boasts 40mn customers and secured a £33bn price tag at its latest fundraising....
International Edition