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- Q1139416 subject Q13400717.
- Q1139416 subject Q6360274.
- Q1139416 subject Q8460855.
- Q1139416 abstract "A credit linked note (CLN) is a form of funded credit derivative. It is structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. The issuer is not obligated to repay the debt if a specified event occurs. This eliminates a third-party insurance provider.It is a structured note issued by a special purpose company or trust, designed to offer investors par value at maturity unless the referenced entity defaults. In the case of default, the investors receive a recovery rate. The trust will also have entered into a default swap with a dealer. In case of default, the trust will pay the dealer par minus the recovery rate, in exchange for an annual fee which is passed on to the investors in the form of a higher yield on their note.The purpose of the arrangement is to pass the risk of specific default onto investors willing to bear that risk in return for the higher yield it makes available. The CLNs themselves are typically backed by very highly rated collateral, such as U.S. Treasury securities. The Italian dairy products giant, Parmalat, notoriously dressed up its books by creating a credit-linked note for itself, betting on its own credit worthiness.In Hong Kong and Singapore, credit-linked notes have been marketed as "minibonds" and sold to individual investors. After Lehman Brothers, the major issuer of minibond in Hong Kong and Singapore, filed for bankruptcy in September 2008, many retail investors of minibonds claim that banks and brokers mis-sold minibonds as low-risk products. Many banks accepted minibonds as collateral for loans and credit facilities.".
- Q1139416 wikiPageWikiLink Q13400717.
- Q1139416 wikiPageWikiLink Q1432285.
- Q1139416 wikiPageWikiLink Q16254016.
- Q1139416 wikiPageWikiLink Q162714.
- Q1139416 wikiPageWikiLink Q169489.
- Q1139416 wikiPageWikiLink Q182076.
- Q1139416 wikiPageWikiLink Q212900.
- Q1139416 wikiPageWikiLink Q2659806.
- Q1139416 wikiPageWikiLink Q3566070.
- Q1139416 wikiPageWikiLink Q5183773.
- Q1139416 wikiPageWikiLink Q5384655.
- Q1139416 wikiPageWikiLink Q624028.
- Q1139416 wikiPageWikiLink Q6360274.
- Q1139416 wikiPageWikiLink Q691313.
- Q1139416 wikiPageWikiLink Q694563.
- Q1139416 wikiPageWikiLink Q702362.
- Q1139416 wikiPageWikiLink Q778470.
- Q1139416 wikiPageWikiLink Q8303885.
- Q1139416 wikiPageWikiLink Q8460855.
- Q1139416 wikiPageWikiLink Q975735.
- Q1139416 comment "A credit linked note (CLN) is a form of funded credit derivative. It is structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. The issuer is not obligated to repay the debt if a specified event occurs. This eliminates a third-party insurance provider.It is a structured note issued by a special purpose company or trust, designed to offer investors par value at maturity unless the referenced entity defaults.".
- Q1139416 label "Credit-linked note".