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What is the relationship between securitizatioln and the role of financial intermediaries inthe economy. What happen to financial intermediaries as securitization progresses?
- Securitization changes the basic role of financial intermediaries. Traditionally, financial intermediaries have pooled funds from investors loaned to firms in their place. - Securitization has enabled firms to offer these functions in the form of a security, in which case, the focus shifts to the more essential function i.e. distributing a financial product. (For example, in the above case, the bank, being the earlier intermediary, was eliminated, and instead the services of an investment banker were sought to distribute a debenture issue.) - Securitization seeks to eliminate fund based financial intermediaries for fee based distributors. (In the above example, the bank was a fund based intermediary, a reservoir of funds, whereas the investment banker was a fee based intermediary, a catalyst, a pipeline of funds. Hence, with the increasing trend towards securitization, the role of fee based financial services has been brought into the focus.) - In case of a direct loan, the lending bank was performing several intermediation functions as noted above. It was distributor, in the sense that it raised its own finances from a large number of small investors. It was appraising and assessing the credit risks in extending the corporate loan, and having extended it, it was managing the same. - Securitization splits each of these intermediary functions apart, each to be performed by separate specialized agencies. The distribution function will be performed by the investment bank, appraisal function by a credit rating agency, and management function, possibly by a mutual fund which manages the portfolio of security investments by the investors. Hence, securitization replaces fund based services with several fee based services. This is mainly from http://www.citeman.com/5298-securitization-capital-markets-structured-financial-and-others/
What is mfdf?
MFDF is the acronym for the Mutual Fund Director's Forum, an association for managers of mutual funds and other related financial services.
What does the company Fidelity Inv do for customers?
Fidelity Investments is one of the largest mutual fund and financial services companies in the world. They also offer investment advice services as well as retirement services and wealth management services.
What do financial services include?
Financial services include mainly banking, insurance,mutual fund, share market etc. Services provided by Government bodies including post and telegraph,internet service providers also come within this purview. Whereas a country's financial activities are controlled by Ministry of Finance, supported by Federal Reserve, Planning commission and other statutory bodies, the activities by private financial service providers are controlled from their own domain.
What woul be the Key Result Areas for Financial Manager?
Basically the key area of an financial manager are divide into four main areas which are following:- 1.Planing of fund. 2.Acquisation of fund. 3.Allocation of fund. 4.Reinvestment of fund.
What are non-fund based financial services?
Letter of CreditBank Guarantee
What is the meaning of fund accounting with reference to Mutual Funds?
It is the process of reviewing the net financial assets of a mutual fund company.
What services are offered by Man Investments?
Services offered by Man Investments are providing mutual fund advice, mutual fund brokers, hedge funds advice and financial year valuations on commodities.
What is the relationship between securitizatioln and the role of financial intermediaries inthe economy. What happen to financial intermediaries as securitization progresses?
- Securitization changes the basic role of financial intermediaries. Traditionally, financial intermediaries have pooled funds from investors loaned to firms in their place. - Securitization has enabled firms to offer these functions in the form of a security, in which case, the focus shifts to the more essential function i.e. distributing a financial product. (For example, in the above case, the bank, being the earlier intermediary, was eliminated, and instead the services of an investment banker were sought to distribute a debenture issue.) - Securitization seeks to eliminate fund based financial intermediaries for fee based distributors. (In the above example, the bank was a fund based intermediary, a reservoir of funds, whereas the investment banker was a fee based intermediary, a catalyst, a pipeline of funds. Hence, with the increasing trend towards securitization, the role of fee based financial services has been brought into the focus.) - In case of a direct loan, the lending bank was performing several intermediation functions as noted above. It was distributor, in the sense that it raised its own finances from a large number of small investors. It was appraising and assessing the credit risks in extending the corporate loan, and having extended it, it was managing the same. - Securitization splits each of these intermediary functions apart, each to be performed by separate specialized agencies. The distribution function will be performed by the investment bank, appraisal function by a credit rating agency, and management function, possibly by a mutual fund which manages the portfolio of security investments by the investors. Hence, securitization replaces fund based services with several fee based services. This is mainly from http://www.citeman.com/5298-securitization-capital-markets-structured-financial-and-others/
What is mfdf?
MFDF is the acronym for the Mutual Fund Director's Forum, an association for managers of mutual funds and other related financial services.
What does the company Fidelity Inv do for customers?
Fidelity Investments is one of the largest mutual fund and financial services companies in the world. They also offer investment advice services as well as retirement services and wealth management services.
What is the difference between Fund based financial services and fee based financial services?
Learning how to sell value in light of fully disclosed fees and conflicts of interest may be a challenge for many. Advisors who are and will make this transition will have a huge marketing advantage over Advisors that do not. To discover how you can fix the big mistakes advisors make when attempting to get accountant referrals, client referrals, and revenue generating services, visit Phoenix Coaching and Sandler Training http://www.tindall.sandler.com/content/show/52789
What it the meaning of levy?
A levy is a type of financial charge or tax imposed by a government or authority on individuals or entities in order to fund public services or projects. It can also refer to the act of collecting such charges or taxes.
What services are offered by save My 401K?
There are many services offered to save your 401k. One should consult with their financial adviser before setting up or making any changes to their 401k fund.
What is the function of pension fund money managers?
A fund manager is an individual in financial company that implements the company's investment strategy. In larger financial institution this role can be provide by a bigger team of more than one person.
What is the symbol for John Hancock Financial Opportunities Fund in the NYSE?
The symbol for John Hancock Financial Opportunities Fund in the NYSE is: BTO.
In what year did John Hancock Financial Opportunities Fund - BTO - have its IPO?
John Hancock Financial Opportunities Fund (BTO)had its IPO in 1994.
