Specific types of restricted or pledged assets
include those subject to repurchase and reverse purchase agreements, those pledged as collateral are placed under option agreements and letter stock or securities restricted as to sale (deposits with States are excluded).
DebtX Ukraine LLC (the subsidiary of DebtX) and First Financial Network Ukraine LLC (the subsidiary of FFN, two world's leading loan sale advisors are engaged in the pilot project to sell the pledged assets
Auxiga provides a complete range of services for each phase of pledge financing, from the setup of the security agreement to the day-to-day monitoring of the pledged assets
One of the main problems associated with pledged assets
is the risk of impairment loss that carries related risks.
A secured creditor is one to whom a borrower has pledged assets
, such as equipment or real estate, as a security.
In addition, Northern Trust will continue to invest in operational capabilities in support of margin management to help clients optimize their pledged assets
The asset parity is calculated by dividing the dollar amount of total program pledged assets
(which includes the guaranteed mortgage and amounts on deposit in reserves) by the total amount of bonds outstanding.
For instance, Muthoot Finance, the largest player in the rapidly growing business, had to write off gold worth Rs 4 crore last year after it discovered that borrowers had pledged assets
that were stolen.
The Chair of BDZ Holding's Board of Directors also made it clear that the bondholders had sent a letter two days ago, demanding an exhaustive list of BDZ's pledged assets
with documents certifying the current status.
Importantly, we were able to mutually terminate a recently executed Security and Loan Agreement releasing all related and pledged assets
, secured by this agreement.
8220;With the growing complexity of the FHLB's credit and collateral policy it is becoming increasingly difficult for member banks to ensure pledged assets
meet the Federal Home Loan Banks' standards in order to obtain maximum borrowing power,” said David Green, President and CEO of The StoneHill Group.
The firm, which sees Mr Dudley take over from embattled chief executive Tony Hayward, said it had also pledged assets
, including interests in production from its major Thunder Horse and Mad Dog operations, to support a pounds 20bn compensation fund.