Перевод: с английского на немецкий

с немецкого на английский

allocation+model

  • 1 originate-to-distribute business model

    originate-to-distribute business model BANK, ECON Originate-to-distribute-Geschäftsmodell n (a business model that combines classic bank lending business with modern forms of risk transfer: whilst the debt is generated = originated as normal – whereas traditionally it was held on the originating bank’s balance sheet – it is instead bundled and broken up into tranches by the originating bank for sale to investors; each tranche has a different credit rating with the higher risk tranches carrying the lowest ratings and highest yield, the first-loss position = FLP in true-sale or synthetic securitizations should be -but is not always- held by the originator so that the risk of default = Kreditausfallrisiko no longer remains on the books of the originating bank – resulting in a possible slipping of its lending standards! – but is spread = distributed among untraceable investors who are willing to take high risk on the global capital markets for high returns; the positive capital allocation effect of the model is combined with the negative consequence of intransparency about the resulting risk distribution; Verbindung des klassischen Bankkreditgeschäfts mit modernen Formen des Risikotransfers: Kredite werden von der Originator-Bank kreiert, ausgereicht = originated, gebündelt, tranchiert und verbrieft im OTC-Markt intransparent weiterplatziert, teilweise einschließlich der risikoreichsten Tranche, der Equitytranche = Erstverlusttranche = first loss piece = FLP = first loss position = equity piece; mit diesem Geschäftsmodell entledigten sich die US-Originator-Banken ab ca. 2000 des Interesses an der Prüfung und Überwachung der Qualität der zugrunde liegenden Kredite, von denen keine Spur in ihrer Bilanz zurückblieb – im Gegensatz zu ihrer GuV; saurer Landwein wurde im Durchlauf durch die Verbriefungsmaschine zum Qualitätswein ausgebaut, der sodann, mit der Hilfe von Mathematikern der bereits an der Strukturierung beteiligten Ratingagenturen zum Grand Cru geadelt, mit AAA-Etikett weltweit vermarktet wurde; synonym: originate-and-distribute business model; cp. financial alchemy = Finanzalchemie)

    Englisch-Deutsch Fachwörterbuch der Wirtschaft > originate-to-distribute business model

См. также в других словарях:

  • Model Arab League — (MAL) is a multi regional model competition in which high school and university students from across the world learn about and compete as representatives from Member States of the Arab League. Participants are encouraged to use the experience to… …   Wikipedia

  • Model for End-Stage Liver Disease — The Model for End Stage Liver Disease, or MELD, is a scoring system for assessing the severity of chronic liver disease. It was initially developed to predict death within three months of surgery in patients who had undergone a transjugular… …   Wikipedia

  • Model Housing Estate — This article is about a housing estate in Hong Kong. For a general article, see Housing estate. Model Housing Estate …   Wikipedia

  • Mixture model — See also: Mixture distribution In statistics, a mixture model is a probabilistic model for representing the presence of sub populations within an overall population, without requiring that an observed data set should identify the sub population… …   Wikipedia

  • Asset allocation — is a term used to refer to how an investor distributes his or her investments among various classes of investment vehicles (e.g., stocks and bonds). A large part of financial planning is finding an asset allocation that is appropriate for a given …   Wikipedia

  • Treynor-Black Model — A type of asset allocation model that was developed by Jack Treynor and Fischer Black. The model tries to determine the optimal combination of passively and actively managed assets in an investment portfolio.When determining the optimal… …   Investment dictionary

  • Black-Litterman Model — An asset allocation model that was developed by Fischer Black and Robert Litterman of Goldman Sachs. The Black Litterman model is essentially a combination of two main theories of modern portfolio theory, the Capital Asset Pricing Model (CAPM)… …   Investment dictionary

  • Sex allocation — is the allocation of resources to male versus female reproduction in sexual species (Charnov 1982). Sex allocation depends upon the breeding system of a species, as well as how reproduction is carried out within each breeding system. Breeding… …   Wikipedia

  • Task allocation and partitioning of social insects — Task allocation and partitioning refers to the way that tasks are chosen, assigned, subdivided, and coordinated (here, within a single colony of social insects). Closely associated are issues of communication that enable these actions to… …   Wikipedia

  • Bag of words model in computer vision — This is an article introducing the Bag of words model (BoW) in computer vision, especially for object categorization. From now, the BoW model refers to the BoW model in computer vision unless explicitly declared.Before introducing the BoW model,… …   Wikipedia

  • Lange Model — The Lange Model is an economic model which combines public ownership and a trial and error approach to determine output and equilibrium. The state owns non labor factors of production and consumer goods are allocated by market. In economic theory …   Wikipedia

Поделиться ссылкой на выделенное

Прямая ссылка:
Нажмите правой клавишей мыши и выберите «Копировать ссылку»