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What is A1/P1 Rating
By Martin | June 22, 2009
“A1″ is the highest short-term rating category assigned by Standard & Poor’s, while “P1″ is the highest short-term rating category for Moody’s Investor Service. Examples of securities that are typically assigned these rating types are commercial paper and bankers acceptances. Securities that have been assigned both an A1 and a P1 rating are considered to be of high credit quality. Note: Standard and Poor’s designate certain securities within the A1 category with a plus sign (+) indicating that the issuer of the security has an extremely strong capacity to meet its financial obligations.
Topics: Glossar | No Comments »
Fed verändert Repo-Geschäft
By Martin | June 22, 2009
Geplant ist nach Informationen der Financial Times, jene Geldhäuser, die als Abwickler in die Geschäfte zwischengeschaltet sind, durch eine unabhängige staatliche Stelle zu ersetzen. Bereits im Juli wollen Vertreter der Fed darüber mit Marktteilnehmern diskutieren. Schon im Oktober könnte das neue Repo-System die Arbeit aufnehmen.
Neben der Begebung von Anleihen ist das die Hauptrefinanzierungsquelle der Geschäftsbanken – und inzwischen auch der US-Investmentbanken, denen diese Möglichkeit vor der Krise verwehrt war. Ihnen steht das Refinanzierungsfenster aber nur bis Oktober offen – daher nun die Eile der Fed, die belegt, wie groß die Sorgen um die Investmentbanken noch immer sind.
Seit Ausbruch der Krise akzeptieren Fed, Europäische Zentralbank und andere Notenbanken auch Wertpapiere schlechterer Qualität. Read the rest of this entry »
Topics: market risk | No Comments »
Banken mit Standard & Poor’s AAA – Rating, AA – Rating
By Martin | June 11, 2009
Rabobank AAA – mit stabilen Ausblick
ANZ AA – mit stabilen Ausblick
Commonwealth Bank of Australia AA – mit stabilen Ausblick
Bank of New York Mellon AA – mit stabilen Ausblick
National Australia Bank AA – mit stabilen Ausblick
BNP Paribas – AA – mit negativem Ausblick
Santander – AA – mit negativem Ausblick
HSBC – AA – mit negativem Ausblick
BBVA – AA – mit negativem Ausblick
Banesto – AA – mit negativem Ausblick
Topics: Uncategorized | No Comments »
10 Banks to Repay Bailout Money
By Martin | June 10, 2009
Although banks continue to receive many types of federal support including loans, banks are increasingly able to attract private capital, to trade securities and to give consumers confidence that their deposits are safe, experts said.
“I think it’s fair to say that the force of the global storm is receding a bit,” Treasury Secretary Timothy F. Geithner said. “We want to see a financial system that’s strong enough that it’s going to be able to support a reasonable recovery. And we’re in a much better position today than I think we could have expected to have been . . . six weeks ago, two months ago, three months ago, four months ago.”
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Topics: market risk | No Comments »
Signs That Your Bank May Not Be in Good Health
By Martin | June 10, 2009
Bank is increasing its CD rates. This could be due to liquidity problems, he said, or the institution may just be looking for money to do more lending.
Bank is selling more stock, which could indicate it’s falling low on capital, he said, or that it’s able to attract private capital.
Bank is pulling back further on making “ordinary loans.” You hear anecdotes or experience the bank doing so on loans for items such as cars or home improvements. This could mean the bank is looking to limit exposure to credit risk, or “be a prudent move to strengthen its balance sheet,” Papaioannou said.
Bank is increasing fees. This could mean it’s losing revenue from other business lines, he said, or it has a competitive advantage and can increase fees, while still retaining customers.
Stronger indicators of trouble, he said, include:
An increasing delinquency ratio, which refers to the amount of delinquent loans in relation to the amount of all loans, an indicator a bank is having trouble collecting on its loans, he said.
An increasing charge-off ratio, meaning the amount of charged-off loans in relation to the amount of all loans, indicating more of its loans are uncollectable.
A dipping liquidity ratio, which are cash holdings plus liquid investments (such as overnight deposits with other banks, short-term Treasury bills or bonds) in relation to total assets, meaning a decreasing cushion, Papaioannou said.
Topics: credit risk, market risk | No Comments »
Swiss Re Enters Lead Umbrella Marketplace in the US, Offering Net Capacity for Large Corporate Accounts
By Martin | June 10, 2009
Swiss Re now offers Lead Umbrella coverage to retail brokers and risk managers in the United States. Customers working with Swiss Re receive customized solutions backed by net capacity that is rated among the highest in the industry. Lead Umbrella coverage from Swiss Re’s Industrial Risk Insurer (IRI) is available on an admitted basis in 46 states and underwritten by North American Elite Insurance Company, a member of the Swiss Re Group. Read the rest of this entry »
Topics: Uncategorized | No Comments »
Banks Put Off Plans To Sell Toxic Assets
By Martin | June 9, 2009
The Federal Deposit Insurance Corp. said Wednesday that it would suspend indefinitely the launch of a program to finance investor purchases of banks’ troubled loans because few companies were interested in selling. A related Treasury Department program to finance purchases of mortgage-related securities remains on the drawing board months after both were announced with fanfare. Read the rest of this entry »
Topics: market risk | No Comments »
EU push OTC Derivative Disclosure Rules
By Martin | June 9, 2009
The European Union wants over-the-counter derivatives to be cleared by a central counterparty and a dual disclosure regime for the financial products that have fallen through regulatory cracks, a top European securities regulator said on Monday.
Regulation of derivatives, financial instruments often used as a hedge against price fluctuations, is being targeted for reform after a type of derivative nearly toppled giant U.S. insurer AIG. Read the rest of this entry »
Topics: Derivate, market risk | No Comments »
Board to Ban Accounting Practice That Helped Lending Proliferate; Rule Change Aimed at Preventing Another Financial Crisis
By Martin | June 2, 2009
The end is nearing for an accounting trick destined to be remembered as a hallmark of the housing boom, because it allowed financial firms to conceal a vast expansion in their lending from regulators and investors.
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Topics: credit risk | No Comments »
A2 / P2 AA nonfinancial comercial paper
By Martin | May 18, 2009
Topics: Uncategorized | No Comments »