Par or Face Value -
The amount of money that is paid to the bondholders at maturity. For most bonds this amount is $1,000. It also generally represents the amount of money borrowed by the bond issuer.
Coupon Rate -
The coupon rate, which is generally fixed, determines the periodic coupon or interest payments. It is expressed as a percentage of the bond's face value. It also represents the interest cost of the bond to the issuer.
Responsibilities must be clearly assigned to individual persons and/or com-
mittees. In addition, the relevant units must be functionally independent to
avoid potential conﬂ icts of interests.
Senior management should ensure that
adequate interest rate risk management is in place for measuring, monitoring
and controlling interest rate risks, and that all the relevant business units of
the bank have been taken on board.
The interest-on-reserves regime has four attractive features.
First, the regime would make full use of two monetary policy
instruments—open market operations and interest on
reserves—to enable a central bank to simultaneously pursue
interest rate policy and an independent objective for aggregate
bank reserves. That would potentially improve on the Fed’s
current operating procedures that obligate bank reserves to
support interest rate policy.
From March 2006 to December 2007, the ratio of past-due auto loans to total auto loan
ranged from 4.69 to 5.17%, whereas the ratio of past-due CCRs to total CCRs for the sam
period ranged from 13.83 to 19.98%. The ratio of past-due auto loans to total auto loan
indicates that auto loans have a much lower risk of default than credit card loans. The les
risky environment in the car loan market allows auto distributors to offer an interest rate o
0% for up to 18 months on auto loans, in contrast with the very high interest rate on cred
card loans. This could be...
We report on an experiment to track complex decision points in linguistic metadata annotation where the decision behavior of annotators is observed with an eyetracking device. As experimental conditions we investigate different forms of textual context and linguistic complexity classes relative to syntax and semantics. Our data renders evidence that annotation performance depends on the semantic and syntactic complexity of the decision points and, more interestingly, indicates that fullscale context is mostly negligible – with the exception of semantic high-complexity cases. ...
Recently, there is a growing interest in working with tree-structured data in different applications and domains such as computational biology and natural language processing. Moreover, many applications in computational linguistics require the computation of similarities over pair of syntactic or semantic trees. In this context, Tree Edit Distance (TED) has been widely used for many years. However, one of the main constraints of this method is to tune the cost of edit operations, which makes it difﬁcult or sometimes very challenging in dealing with complex problems. ...
After completing this chapter, students will be able to: Learn how the consumer price index (CPI) is constructed, consider why the CPI is an imperfect measure of the cost of living, compare the CPI and the GDP deflator as measures of the overall price level, see how to use a price index to compare dollar figures from different times, learn the distinction between real and nominal interest rates.
After studying this chapter you will be able to: Describe what interest rates are and differentiate nominal from real interest rates, describe the use of present value calculations in determining the value of a payment stream, apply the tool of present value when thinking about economic decisions where the costs and benefits of the decisions happen at different times.
Demand depends on two factors demand transaction from dn and households, the interest rate impact on demand. and the demand for assets. money supply based on: + annual growth rate of kt + the cost of goods index (inflation) + budget deficit + deficit of the balance of international payment + credit channel (discount) budget + channels (government loans and loan) + central bank released the money to buy foreign currency reserves.
When inventories are purchased with deferred settlement terms, the difference between the purchase price for normal credit terms and the amount paid is recognised as interest expense over the period of financing. IFRS – VAS: Significant differences. IFRS: There are 38 Standards VAS: There are 26 Standards.
When inventories are purchased with deferred settlement terms, the difference between the purchase price for normal credit terms and the amount paid is recognised as interest expense over the period of financing. IFRS – VAS: Significant...
This third editon has been intensively augmented and revised to include the latest
developments in this rapidly expanding field. The intensified search for oil and gas, the
catastrophic flooding of coastal regions and the demands for transportation, bridges, submerged
tunnels and waterways have led to the continuing innovation of new technology
which isnowavailable for use on more conventional projects as well as those at the frontiers.
This text is intended as a guide and reference for practicing engineers and constructors
for use in the marine environment.
This is a reference book for those practicing or otherwise having an interest in design
for manufacturability (DFM). DFM principles and guidelines are many; no one person
should be expected to remember them all nor the detailed information, such as suggested
dimensional tolerances, process limits, expected surface finish values, or other
details, of each manufacturing process. It is expected that those involved will keep this
book handy for reference when needed.
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The second edition of the Basic Guide to System Safety contains all of the content
of the first edition, updated (where applicable) to reflect current industry practice.
The first edition of the Basic Guide to System Safety was the first volume issued
in a series of Basic Guide books that focused on the topics of interest to the practicing
occupational safety and/or health professional.
Corporate Social Responsibility (or CSR as we will call it throughout this book) is a concept
which has become dominant in business reporting. Every corporation has a policy concerning
CSR and produces a report annually detailing its activity. And of course each of us claims to be
able to recognise corporate activity which is socially responsible and activity which is not
The World Bank Institute was established by the World Bank in 1955 to train officials con-cerned with development planning, policymaking, investment analysis, and project imple-mentation in member developing countries. At present the substance of WBI’s work empha-sizes macroeconomic and sectoral policy analysis.
THE GENERAL THEORY 2. THE POSTULATES OF THE CLASSICAL ECONOMICS 3. THE PRINCIPLE OF EFFECTIVE DEMAND Book II: Definitions and Ideas 4. THE CHOICE OF UNITS 5. EXPECTATION AS DETERMINING OUTPUT AND EMPLOYMENT 6. THE DEFINITION OF INCOME, SAVING AND INVESTMENT o APPENDIX ON USER COST 7. THE MEANING OF SAVING AND INVESTMENT FURTHER CONSIDERED Book III: The Propensity to Consume 8. THE PROPENSITY TO CONSUME: I. THE OBJECTIVE FACTORS 9. THE PROPENSITY TO CONSUME: II. THE SUBJECTIVE FACTORS 10. THE MARGINAL PROPENSITY TO CONSUME AND THE MULTIPLIER Book IV: The Inducement to Invest 11.
Distance-based pricing can help achieve equity objectives. Since annual vehicle mileage
tends to increase with income, fixed-price insurance causes lower-income motorists to
subsidize the insurance costs of higher-income motorists within their rate class.
Distance-based insurance pricing provides overall savings to lower-income motorists,
and would allow some low-income households to own a vehicle for basic mobility that
they cannot currently afford.
Distance-based pricing lets motorists save money by reducing mileage, an option that is