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41 Originate-to-distribute-Geschäftsmodell
Originate-to-distribute-Geschäftsmodell n BANK, WIWI originate-to-distribute business model (Verbindung des klassischen Bankkreditgeschäfts mit modernen Formen des Risikotransfers: Kredite werden von der Originator-Bank kreiert, ausgereicht = originated, gebündelt, tranchiert, verbrieft und im Markt weiterplatziert, teilweise einschließlich der risikoreichsten Tranche, der Equitytranche = Erstverlusttranche = first loss piece = FLP = first loss position = equity piece; 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 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 function of the model is combined with the negative consequence of intransparency about the resulting risk distribution; cf warehouse holdings, financial alchemy)Business german-english dictionary > Originate-to-distribute-Geschäftsmodell
См. также в других словарях:
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transfer function — perdavimo funkcija statusas T sritis automatika atitikmenys: angl. transfer function vok. Übertragungsfunktion, f rus. передаточная функция, f pranc. fonction de transfert, f … Automatikos terminų žodynas
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transfer function hodograph — Nyquisto hodografas statusas T sritis automatika atitikmenys: angl. loop transfer locus; Nyquist plot; transfer function hodograph; transfer function locus; transfer locus vok. Nyquist Ortskurve, f; Ortskurve des offenen Regelkreises, f rus.… … Automatikos terminų žodynas
transfer function locus — Nyquisto hodografas statusas T sritis automatika atitikmenys: angl. loop transfer locus; Nyquist plot; transfer function hodograph; transfer function locus; transfer locus vok. Nyquist Ortskurve, f; Ortskurve des offenen Regelkreises, f rus.… … Automatikos terminų žodynas
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transfer function — noun a mathematical representation of the relation between the input and output of a linear time invariant system … Wiktionary
transfer function — … Useful english dictionary
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