By Register Staff HARTFORD -- GE Funding Capital Market Services Inc. has agreed to pay $34.25 million in a settlement to resolve allegations it rigged bids for municipal bond derivatives, but Connecticut's share will be much smaller. The settlement comes after attorney generals' offices from Connecticut and New York led an investigation that included 24 states. It was alleged that traders at GE Funding were in collusion with some brokers, allowing what Attorney General George Jepsen called a "last look" at bids for municipal bond derivatives.
Municipal bond derivatives are contracts that tax-exempt issuers use to reinvest proceeds o... funds are needed, or to hedge interest rate risk. Guaranteed investment contracts are a specific ty...
..., off-balance sheet items and derivative contracts. (b) Credit risk capital charge for assets. Except...Highest Investment Grade. 0.37. Second Highest Investment Grade. 0.60... of the asset, item, or derivative so guaranteed or collateralized, shall be the credit rating corr...
...-profits and participating endowment contracts with fixed time to maturity.4 Attitude toward the ... contain three main components: a guaranteed sum assured, already known at the beginning of the... performance of the primary insurer's investment portfolio. British insurers only need to ensure th...
...It includes three elements: (1) investment policy, that is, micro-ALM (see below); (2) actuar... portfolio or by means of reinsurance contracts). Some underwriting risks may be less well diversi... benefit payments, for instance, by guaranteed investment returns. When the investment return tur...
... has made the current housing-related risk greater than anything we have seen since the 1930s... Sachs and Morgan Stanley, the last two investment banks on Wall Street, become bank holding companie...These financial contracts allow a party to reduce or remove credit exposure ..., and now in many cases explicitly, guaranteed by the Federal government reaps the benefits even ...
...WHY CONTRACT CANNOT SOLVE COUNTERPARTY RISK A. Contractual Reaction and Its Limits 1. Financia... and financial repurchase (repo) contracts facilitated the firms' failures, by undermining ma...But risk-free investments with a very high bankruptcy priority have major ef... States as lender of last resort to the guaranteed and too-big-to-fail financial institutions. Compar...
... may be converted into a stream of guaranteed benefits for individual retirees. Funds in excess ... policy exclusion only if it allocates investment risk to the insurer. Cf., e. g., SEC v. United Ben... an insurer in its general account under contracts like GAC 50. The 1975 interpretive bulletin assert...
... of assets directly and unconditionally guaranteed by the United States Government or its agencies, o... must be in one of the three highest investment grade categories used by the NRSRO. If two or more...(vi) Off-balance sheet contracts; interest-rate and foreign exchange rate contracts...
In recent years foreign direct investment in developing nations has come under threat by government policies seeking to expropriate or nationalize the assets of foreign corporations. A variety of political and economic motivations have given rise to expropriation activities. This paper examines both the political, economic and legal basis underpinning these expropriation activities and outlines a corporate risk management strategy designed to confront these emerging political/economic threats.
... companies renegotiate their operating contracts and surrender control of their production faciliti... legal/arbitration environment as guaranteed under exiting bilateral investment treaties (Peter...
On January 26, 2011, the Commodity Futures Trading Commission (``Commission'' or ``CFTC'') published in the Federal Register a notice of proposed rulemaking (``proposal'' or ``Proposed Rules''), which establishes a position limits regime for 28 exempt and agricultural commodity futures and options contracts and the physical commodity swaps that are economically equivalent to such contracts. The Commission is adopting the Proposed Rules, with modifications.
...The legislation was enacted to reduce risk, increase transparency, and promote market integri... DCMs, trade organizations, banks, investment companies, commercial end-users, academics, and th..., fully transparent, clearinghouse guaranteed'' CIFs that pose ``no systemic risk'' should be tr...
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