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Mortgage-backed securities I | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now:
https://www.khanacademy.org/economics-finance-domain/core-finance/current-economics/credit-crisis/v/mortgage-backed-securities-i
Part I of the introduction to mortgage-backed securities. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-back-security-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance...
published: 31 Aug 2007
-
Tepper-Backed Andalusian Minimizes Private-Credit Risk
Aaron Kless, managing partner at Anadalusian Credit Partners -- whose investors include David Tepper -- says the firm's focus on middle-market lending helps avoid competitive pressures from the syndicated-loan market while also minimizing the risk of a regulatory crackdown on private lending. He spoke with Bloomberg's Sonali Basak and Alix Steel.
published: 04 Apr 2024
-
Securitization and Mortgage Backed Securities
Historically, banks were almost entirely reliant on deposits to raise funds. But in the past few decades banks have found alternative sources of funding. One of those sources is securitization.
Securitization is the process of bundling illiquid financial assets and then creating securities that are backed by the cash flows from the pool of financial assets. The financial assets can be packaged in such a way that each bundle of assets has a different risk profile.
Many banks securitize mortgages, for example, which creates a mortgage-backed security (MBS). A mortgage-backed security is a financial instrument that derives its cash flows from a pool of mortgages. You can have residential mortgage-backed securities (RMBS) or commercial mortgage-backed securities (CMBS).
Mortgage-ba...
published: 02 Sep 2021
-
The Term Asset-Backed Loan Facility, Explained
The Term Asset-Backed Loan Facility, Explained → nyfed.org/talf.
Every day, households and businesses rely on loans to make crucial purchases and fund their operations. From buying the new family car to paying employees’ salaries, reliable access to credit plays a critical role.
But how are these loans actually financed? What happens if the process of financing credit breaks down due to unforeseen events? And, if the process breaks down, how does a Federal Reserve program known as the TALF play a role in meeting the daily credit needs of households and businesses?
In the United States, a large portion of consumer and business loans are financed by investors through a chain of interrelationships.
Suppose you want to buy a car, and plan to take out a loan to finance it. You go to your p...
published: 22 Jun 2020
-
SHOW ME THE MONEY: ERP Software in Private Equity-Backed Firms
Private equity-owned firms often turn to ERP, HCM, and other enterprise technology implementations to enable the revenue and profit growth that they are seeking for their investments. Even during times of economic uncertainty, our clients with PE backing are investing in technology as an enabler to navigate uncertainty, drive efficiencies, and scale for growth. We also find that ERP implementations can be a key enabler of merger and acquisition (M&A) integration and restructuring among private equity portfolio companies.
This panel discussion covers the things that private equity backed companies should think about when pursing an ERP selection or implementation. Whether your private equity firm is a driving force or a silent investor in your company, this discussion will offer some tips ...
published: 03 Apr 2020
-
What are Asset Backed Securities?
In todays video we learn what are asset backed securities, what are credit card receivables and what is a Special Purpose Vehicle (SPV)?
These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0
Check out our website http://www.onfinance.org/
Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle
What is an Asset-Backed Security (ABS)?
An asset-backed security (ABS) is a financial security collateralized by a pool of assets such as loans, leases, credit card debt, royalties or receivables. For investors, asset-backed securities are an alternative to investing in corporate debt. An ABS is similar to a mortgage-backed security, except that the underlying securities are not mortgage-based.
Cre...
published: 27 Apr 2019
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Collateralized Loan Obligations (CLOs) Explained in One Minute: Mortgage-Backed Securities 2.0?
Quite a few economists have expressed their concerns regarding so-called Collateralized Loan Obligations or CLOs, stating that we haven't learned enough after the Mortgage-Backed Security fiasco and that this time, we are making similar mistakes: not when it comes to mortgages but rather corporate debt.
Simply put, Collateralized Loan Obligations are CDO types, just like Mortgage-Backed Securities, with the main difference being represented by the fact that another type of debt (corporate debt) is in the spotlight.
In the years that followed the Great Recession, the corporate sector had access to unprecedented levels of cheap as well as relatively easily-obtainable capital and as such, a lot of companies went overboard when it comes to taking on debt.
CLOs ended up therefore becomi...
published: 22 Mar 2020
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Selling A Company To A Private Equity Backed Strategic
We interviewed Matt O'Donnell, founder of North Shore Commercial Door, on his experience selling his business to private equity backed strategic Torsion Group Corp. Matt discusses the timing of the transaction, some of the emotions he dealt with throughout the negotiation process, trying to juggle running the business while negotiating the sale, and gives some advice for business owners contemplating a similar transaction.
1:50 - What made it the right time for Matt to sell his business?
3:15 - What to look for in a strategic partner
4:15 - Transitioning into his new role with Torsion Group Corp
7:08 - What emotions did he deal with throughout the negotiation process?
12:35 - His goals for the company and how partnering with a PE backed strategic will help serve those goals moving forwar...
published: 30 Nov 2020
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What are Asset Backed Securities? | Made in Germany
Or ABS - It's a familiar phrase but what exactly does it mean? The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities from European banks - which some blame for the triggering the financial crisis in the first place.
More business news: http://www.dw.de/business
published: 12 Sep 2014
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FTC Chair Lina Khan SUES Private-Equity Backed Anesthesia Firm
FTC Chair Lina Khan isn't playing around with consolidation in the health care industry to dominate local markets and jack up prices. Ana Kasparian and Ramesh Srinivasan discuss on The Young Turks.
Get the Progressive battle plan: https://go.tyt.com/book-description
Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Read more HERE: https://youtu.be/mzOFwMXLhj0
https://www.nytimes.com/2023/09/21/health/ftc-antitrust-healthcare.html?partner=slack&smid=sl-share
"After vowing to tackle consolidation in the health care industry, the Federal Trade Commission filed an antitrust lawsuit on Thursday that challenged the growing practice of private-equity firms backing companies that amass medical practices and dominate local markets.
The suit targeted a large doctors...
published: 02 Oct 2023
7:57
Mortgage-backed securities I | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now:
https://www.khanacademy.org/economics-finance-domain/core-financ...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now:
https://www.khanacademy.org/economics-finance-domain/core-finance/current-economics/credit-crisis/v/mortgage-backed-securities-i
Part I of the introduction to mortgage-backed securities. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-back-security-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and what the difference is between the two.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Mortgage_Backed_Securities_I_|_Finance_Capital_Markets_|_Khan_Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now:
https://www.khanacademy.org/economics-finance-domain/core-finance/current-economics/credit-crisis/v/mortgage-backed-securities-i
Part I of the introduction to mortgage-backed securities. Created by Sal Khan.
Watch the next lesson:
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-backed-securities-ii?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Missed the previous lesson? Watch here:
https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/mort-backed-secs-tut/v/mortgage-back-security-overview?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. This is what both forwards and futures allow for. This tutorial explains how they work and what the difference is between the two.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
- published: 31 Aug 2007
- views: 678850
6:28
Tepper-Backed Andalusian Minimizes Private-Credit Risk
Aaron Kless, managing partner at Anadalusian Credit Partners -- whose investors include David Tepper -- says the firm's focus on middle-market lending helps avo...
Aaron Kless, managing partner at Anadalusian Credit Partners -- whose investors include David Tepper -- says the firm's focus on middle-market lending helps avoid competitive pressures from the syndicated-loan market while also minimizing the risk of a regulatory crackdown on private lending. He spoke with Bloomberg's Sonali Basak and Alix Steel.
https://wn.com/Tepper_Backed_Andalusian_Minimizes_Private_Credit_Risk
Aaron Kless, managing partner at Anadalusian Credit Partners -- whose investors include David Tepper -- says the firm's focus on middle-market lending helps avoid competitive pressures from the syndicated-loan market while also minimizing the risk of a regulatory crackdown on private lending. He spoke with Bloomberg's Sonali Basak and Alix Steel.
- published: 04 Apr 2024
- views: 493
4:34
Securitization and Mortgage Backed Securities
Historically, banks were almost entirely reliant on deposits to raise funds. But in the past few decades banks have found alternative sources of funding. One ...
Historically, banks were almost entirely reliant on deposits to raise funds. But in the past few decades banks have found alternative sources of funding. One of those sources is securitization.
Securitization is the process of bundling illiquid financial assets and then creating securities that are backed by the cash flows from the pool of financial assets. The financial assets can be packaged in such a way that each bundle of assets has a different risk profile.
Many banks securitize mortgages, for example, which creates a mortgage-backed security (MBS). A mortgage-backed security is a financial instrument that derives its cash flows from a pool of mortgages. You can have residential mortgage-backed securities (RMBS) or commercial mortgage-backed securities (CMBS).
Mortgage-backed securities are a special type of asset-backed security (ABS) where the underlying asset is a mortgage. Asset-backed securities can also be backed by credit card receivables, car loans, student loans, equipment loans, etc.
Valuing mortgage-backed securities and asset-backed securities is difficult because the cash flows are uncertain. This is due to:
• interest rate risk
• prepayment risk
• default risk
Some banks use Monte Carlo simulations to estimate the value of MBS or ABS.
Securitization has several advantages:
• It removes risky, illiquid assets from the bank’s balance sheet
• It reduces the bank’s regulatory capital requirements
• It raises cash and increases liquidity so the bank can underwrite more loans
The investors buying the securities benefit from being able to invest in mortgages (or credit card debt, car loans, etc.) without having to originate or service the mortgages.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
https://wn.com/Securitization_And_Mortgage_Backed_Securities
Historically, banks were almost entirely reliant on deposits to raise funds. But in the past few decades banks have found alternative sources of funding. One of those sources is securitization.
Securitization is the process of bundling illiquid financial assets and then creating securities that are backed by the cash flows from the pool of financial assets. The financial assets can be packaged in such a way that each bundle of assets has a different risk profile.
Many banks securitize mortgages, for example, which creates a mortgage-backed security (MBS). A mortgage-backed security is a financial instrument that derives its cash flows from a pool of mortgages. You can have residential mortgage-backed securities (RMBS) or commercial mortgage-backed securities (CMBS).
Mortgage-backed securities are a special type of asset-backed security (ABS) where the underlying asset is a mortgage. Asset-backed securities can also be backed by credit card receivables, car loans, student loans, equipment loans, etc.
Valuing mortgage-backed securities and asset-backed securities is difficult because the cash flows are uncertain. This is due to:
• interest rate risk
• prepayment risk
• default risk
Some banks use Monte Carlo simulations to estimate the value of MBS or ABS.
Securitization has several advantages:
• It removes risky, illiquid assets from the bank’s balance sheet
• It reduces the bank’s regulatory capital requirements
• It raises cash and increases liquidity so the bank can underwrite more loans
The investors buying the securities benefit from being able to invest in mortgages (or credit card debt, car loans, etc.) without having to originate or service the mortgages.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
- published: 02 Sep 2021
- views: 17167
3:35
The Term Asset-Backed Loan Facility, Explained
The Term Asset-Backed Loan Facility, Explained → nyfed.org/talf.
Every day, households and businesses rely on loans to make crucial purchases and fund their op...
The Term Asset-Backed Loan Facility, Explained → nyfed.org/talf.
Every day, households and businesses rely on loans to make crucial purchases and fund their operations. From buying the new family car to paying employees’ salaries, reliable access to credit plays a critical role.
But how are these loans actually financed? What happens if the process of financing credit breaks down due to unforeseen events? And, if the process breaks down, how does a Federal Reserve program known as the TALF play a role in meeting the daily credit needs of households and businesses?
In the United States, a large portion of consumer and business loans are financed by investors through a chain of interrelationships.
Suppose you want to buy a car, and plan to take out a loan to finance it. You go to your preferred car dealer, find the car that you want, and apply for a loan from the financing company of the car dealer.
The financing company needs cash to fund your loan as well as the other loans that it makes. So, the financing company - or perhaps a third party - takes customers’ loans and bundles them together, then slices that bundle into pieces called ABS, or Asset-Backed Securities. The ABS are then sold to investors.
The investors might pay for the ABS outright using their capital, or they might take out their own loans from lenders.
The sale of ABS provides the financing company with the cash it needs to fund your car loan, which means you get the credit to buy the car.
Student loans, credit card loans, and small business loans are financed in much the same way… but what happens when the chain of interrelationships is disrupted, and the process breaks down?
During the 2008 financial crisis, a wave of uncertainty gripped the financial system, leading investors to stop buying ABS. This meant that financing companies were unable to secure the cash needed to play their role in the process, and loans for households and businesses became harder to access.
To get the lending process functioning properly again, the Federal Reserve and the U.S. Treasury created a program called the TALF, the Term Asset-Backed Securities Loan Facility. In March 2020, when uncertainty once again gripped the financial system due to the Coronavirus pandemic, this program was re-established to support the flow of credit to households and businesses.
Through the TALF, loans are provided to investors for the purpose of purchasing very high quality ABS. This promise of financing promotes confidence in the ABS market. As a result, financing companies are able to access the cash they need to fund loans for households and businesses.
During 2009 and 2010, the TALF supported nearly 3 million car loans, over a million student loans, almost 900,000 loans to small businesses, and 150,000 other business loans, as well as millions of credit card loans - all without a single loss. In total, the TALF earned approximately $1.2 billion in interest income for the U.S. taxpayer.
Now re-established, the TALF continues to contain multiple safeguards to protect U.S. taxpayers from loss, all while ensuring that households and businesses are able to access the loans they need to live their lives and do their work.
For more information, visit nyfed.org/talf.
https://wn.com/The_Term_Asset_Backed_Loan_Facility,_Explained
The Term Asset-Backed Loan Facility, Explained → nyfed.org/talf.
Every day, households and businesses rely on loans to make crucial purchases and fund their operations. From buying the new family car to paying employees’ salaries, reliable access to credit plays a critical role.
But how are these loans actually financed? What happens if the process of financing credit breaks down due to unforeseen events? And, if the process breaks down, how does a Federal Reserve program known as the TALF play a role in meeting the daily credit needs of households and businesses?
In the United States, a large portion of consumer and business loans are financed by investors through a chain of interrelationships.
Suppose you want to buy a car, and plan to take out a loan to finance it. You go to your preferred car dealer, find the car that you want, and apply for a loan from the financing company of the car dealer.
The financing company needs cash to fund your loan as well as the other loans that it makes. So, the financing company - or perhaps a third party - takes customers’ loans and bundles them together, then slices that bundle into pieces called ABS, or Asset-Backed Securities. The ABS are then sold to investors.
The investors might pay for the ABS outright using their capital, or they might take out their own loans from lenders.
The sale of ABS provides the financing company with the cash it needs to fund your car loan, which means you get the credit to buy the car.
Student loans, credit card loans, and small business loans are financed in much the same way… but what happens when the chain of interrelationships is disrupted, and the process breaks down?
During the 2008 financial crisis, a wave of uncertainty gripped the financial system, leading investors to stop buying ABS. This meant that financing companies were unable to secure the cash needed to play their role in the process, and loans for households and businesses became harder to access.
To get the lending process functioning properly again, the Federal Reserve and the U.S. Treasury created a program called the TALF, the Term Asset-Backed Securities Loan Facility. In March 2020, when uncertainty once again gripped the financial system due to the Coronavirus pandemic, this program was re-established to support the flow of credit to households and businesses.
Through the TALF, loans are provided to investors for the purpose of purchasing very high quality ABS. This promise of financing promotes confidence in the ABS market. As a result, financing companies are able to access the cash they need to fund loans for households and businesses.
During 2009 and 2010, the TALF supported nearly 3 million car loans, over a million student loans, almost 900,000 loans to small businesses, and 150,000 other business loans, as well as millions of credit card loans - all without a single loss. In total, the TALF earned approximately $1.2 billion in interest income for the U.S. taxpayer.
Now re-established, the TALF continues to contain multiple safeguards to protect U.S. taxpayers from loss, all while ensuring that households and businesses are able to access the loans they need to live their lives and do their work.
For more information, visit nyfed.org/talf.
- published: 22 Jun 2020
- views: 6192
11:11
SHOW ME THE MONEY: ERP Software in Private Equity-Backed Firms
Private equity-owned firms often turn to ERP, HCM, and other enterprise technology implementations to enable the revenue and profit growth that they are seeking...
Private equity-owned firms often turn to ERP, HCM, and other enterprise technology implementations to enable the revenue and profit growth that they are seeking for their investments. Even during times of economic uncertainty, our clients with PE backing are investing in technology as an enabler to navigate uncertainty, drive efficiencies, and scale for growth. We also find that ERP implementations can be a key enabler of merger and acquisition (M&A) integration and restructuring among private equity portfolio companies.
This panel discussion covers the things that private equity backed companies should think about when pursing an ERP selection or implementation. Whether your private equity firm is a driving force or a silent investor in your company, this discussion will offer some tips on how to navigate the digital transformation process.
PRIVATE EQUITY: THE INVISIBLE FORCE IN ERP SELECTION AND IMPLEMENTATION:
https://www.thirdstage-consulting.com/private-equity-the-invisible-force-in-erp-selection-and-implementation/
WHAT PRIVATE EQUITY FIRMS WANT FROM DIGITAL TRANSFORMATION:
https://www.thirdstage-consulting.com/what-private-equity-firms-want-from-digital-transformation/
DOWNLOAD THE 2020 ERP REPORT:
http://resource.thirdstage-consulting.com/2020-erp-hcm-report
TOP 10 ERP SYSTEMS FOR 2020:
https://www.thirdstage-consulting.com/the-top-10-erp-systems-for-2020/
SCHEDULE A NO-COST VIRTUAL PROJECT AUDIT WORKSHOP FOR YOUR TRANSFORMATION:
http://resource.thirdstage-consulting.com/en/erp-project-audit
DOWNLOAD 20 LESSONS FROM 1,000 ERP IMPLEMENTATIONS:
https://resource.thirdstage-consulting.com/lessons-from-1000-erp-implementations-ebook
CONTACT ME TO BRAINSTORM IDEAS FOR YOUR DIGITAL TRANSFORMATION:
eric@thirdstage-consulting.com
CONNECT WITH ME ON LINKEDIN:
https://www.linkedin.com/in/erickimberling/
https://wn.com/Show_Me_The_Money_Erp_Software_In_Private_Equity_Backed_Firms
Private equity-owned firms often turn to ERP, HCM, and other enterprise technology implementations to enable the revenue and profit growth that they are seeking for their investments. Even during times of economic uncertainty, our clients with PE backing are investing in technology as an enabler to navigate uncertainty, drive efficiencies, and scale for growth. We also find that ERP implementations can be a key enabler of merger and acquisition (M&A) integration and restructuring among private equity portfolio companies.
This panel discussion covers the things that private equity backed companies should think about when pursing an ERP selection or implementation. Whether your private equity firm is a driving force or a silent investor in your company, this discussion will offer some tips on how to navigate the digital transformation process.
PRIVATE EQUITY: THE INVISIBLE FORCE IN ERP SELECTION AND IMPLEMENTATION:
https://www.thirdstage-consulting.com/private-equity-the-invisible-force-in-erp-selection-and-implementation/
WHAT PRIVATE EQUITY FIRMS WANT FROM DIGITAL TRANSFORMATION:
https://www.thirdstage-consulting.com/what-private-equity-firms-want-from-digital-transformation/
DOWNLOAD THE 2020 ERP REPORT:
http://resource.thirdstage-consulting.com/2020-erp-hcm-report
TOP 10 ERP SYSTEMS FOR 2020:
https://www.thirdstage-consulting.com/the-top-10-erp-systems-for-2020/
SCHEDULE A NO-COST VIRTUAL PROJECT AUDIT WORKSHOP FOR YOUR TRANSFORMATION:
http://resource.thirdstage-consulting.com/en/erp-project-audit
DOWNLOAD 20 LESSONS FROM 1,000 ERP IMPLEMENTATIONS:
https://resource.thirdstage-consulting.com/lessons-from-1000-erp-implementations-ebook
CONTACT ME TO BRAINSTORM IDEAS FOR YOUR DIGITAL TRANSFORMATION:
eric@thirdstage-consulting.com
CONNECT WITH ME ON LINKEDIN:
https://www.linkedin.com/in/erickimberling/
- published: 03 Apr 2020
- views: 716
10:27
What are Asset Backed Securities?
In todays video we learn what are asset backed securities, what are credit card receivables and what is a Special Purpose Vehicle (SPV)?
These classes are all...
In todays video we learn what are asset backed securities, what are credit card receivables and what is a Special Purpose Vehicle (SPV)?
These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0
Check out our website http://www.onfinance.org/
Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle
What is an Asset-Backed Security (ABS)?
An asset-backed security (ABS) is a financial security collateralized by a pool of assets such as loans, leases, credit card debt, royalties or receivables. For investors, asset-backed securities are an alternative to investing in corporate debt. An ABS is similar to a mortgage-backed security, except that the underlying securities are not mortgage-based.
Credit card asset-backed securities (ABSs) are fixed-income bonds based on the cash flow stream from pooled credit card accounts. First issued in 1987, credit card ABSs are mostly high quality, pay good yields, and are liquid, with transparent prices. The number of credit card ABSs increase as the use of credit increases. However, like most asset-backed securities and unlike most corporate or government bonds, credit card ABSs have only an average maturity rather than a specified maturity because the underlying cash flow is highly variable. Credit card ABSs are structured so as to mimic the cash flow of a typical bond, but the timing of the cash flow is usually not guaranteed.
The process of securitizing credit card receivables is very similar to that of securitizing mortgages and other loan obligations. A card issuer sells a group of accounts to a trust, which issues securities backed by those receivables. The card issuer still services the account, but the assets are removed from its balance sheet. This allows the card issuer to issue more accounts and to reduce its capital reserve requirements, the amount of money banks are required by law to hold to do business. This money doesn't earn interest, so, naturally, the card issuer wants to reduce its required reserves as much as possible. As the cardholders pay on their accounts monthly, most of the money is sent to the trust, which pays the holders of the credit card ABSs interest and principal. The card issuer retains a servicing fee and part of the finance charge as profit, and also includes part of the principal—the seller's interest.
Securitization allows more rapid growth of banks specializing in credit card issuances by providing a source of funding and transferring risk. Before the securitization of credit card receivables, card issuers borrowed money from a bank or relied on bank deposits to fund credit card loans. Securitization greatly expanded funding for credit card issuers, including monoline issuers, and issuers whose main business is not banking or issuing credit cards, such as Amazon.com.
A special-purpose vehicle, or special-purpose entity (SPE; or SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality"
Trading and pricing financial derivatives.
https://wn.com/What_Are_Asset_Backed_Securities
In todays video we learn what are asset backed securities, what are credit card receivables and what is a Special Purpose Vehicle (SPV)?
These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0
Check out our website http://www.onfinance.org/
Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle
What is an Asset-Backed Security (ABS)?
An asset-backed security (ABS) is a financial security collateralized by a pool of assets such as loans, leases, credit card debt, royalties or receivables. For investors, asset-backed securities are an alternative to investing in corporate debt. An ABS is similar to a mortgage-backed security, except that the underlying securities are not mortgage-based.
Credit card asset-backed securities (ABSs) are fixed-income bonds based on the cash flow stream from pooled credit card accounts. First issued in 1987, credit card ABSs are mostly high quality, pay good yields, and are liquid, with transparent prices. The number of credit card ABSs increase as the use of credit increases. However, like most asset-backed securities and unlike most corporate or government bonds, credit card ABSs have only an average maturity rather than a specified maturity because the underlying cash flow is highly variable. Credit card ABSs are structured so as to mimic the cash flow of a typical bond, but the timing of the cash flow is usually not guaranteed.
The process of securitizing credit card receivables is very similar to that of securitizing mortgages and other loan obligations. A card issuer sells a group of accounts to a trust, which issues securities backed by those receivables. The card issuer still services the account, but the assets are removed from its balance sheet. This allows the card issuer to issue more accounts and to reduce its capital reserve requirements, the amount of money banks are required by law to hold to do business. This money doesn't earn interest, so, naturally, the card issuer wants to reduce its required reserves as much as possible. As the cardholders pay on their accounts monthly, most of the money is sent to the trust, which pays the holders of the credit card ABSs interest and principal. The card issuer retains a servicing fee and part of the finance charge as profit, and also includes part of the principal—the seller's interest.
Securitization allows more rapid growth of banks specializing in credit card issuances by providing a source of funding and transferring risk. Before the securitization of credit card receivables, card issuers borrowed money from a bank or relied on bank deposits to fund credit card loans. Securitization greatly expanded funding for credit card issuers, including monoline issuers, and issuers whose main business is not banking or issuing credit cards, such as Amazon.com.
A special-purpose vehicle, or special-purpose entity (SPE; or SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality"
Trading and pricing financial derivatives.
- published: 27 Apr 2019
- views: 30970
1:59
Collateralized Loan Obligations (CLOs) Explained in One Minute: Mortgage-Backed Securities 2.0?
Quite a few economists have expressed their concerns regarding so-called Collateralized Loan Obligations or CLOs, stating that we haven't learned enough after t...
Quite a few economists have expressed their concerns regarding so-called Collateralized Loan Obligations or CLOs, stating that we haven't learned enough after the Mortgage-Backed Security fiasco and that this time, we are making similar mistakes: not when it comes to mortgages but rather corporate debt.
Simply put, Collateralized Loan Obligations are CDO types, just like Mortgage-Backed Securities, with the main difference being represented by the fact that another type of debt (corporate debt) is in the spotlight.
In the years that followed the Great Recession, the corporate sector had access to unprecedented levels of cheap as well as relatively easily-obtainable capital and as such, a lot of companies went overboard when it comes to taking on debt.
CLOs ended up therefore becoming more and more popular as time passed, with various tranches that investors can opt for based on their risk tolerance. Is there a Collateralized Loan Obligation bubble that is about to explode and if so, what should we know about these CLOs? Let's find out.
https://wn.com/Collateralized_Loan_Obligations_(Clos)_Explained_In_One_Minute_Mortgage_Backed_Securities_2.0
Quite a few economists have expressed their concerns regarding so-called Collateralized Loan Obligations or CLOs, stating that we haven't learned enough after the Mortgage-Backed Security fiasco and that this time, we are making similar mistakes: not when it comes to mortgages but rather corporate debt.
Simply put, Collateralized Loan Obligations are CDO types, just like Mortgage-Backed Securities, with the main difference being represented by the fact that another type of debt (corporate debt) is in the spotlight.
In the years that followed the Great Recession, the corporate sector had access to unprecedented levels of cheap as well as relatively easily-obtainable capital and as such, a lot of companies went overboard when it comes to taking on debt.
CLOs ended up therefore becoming more and more popular as time passed, with various tranches that investors can opt for based on their risk tolerance. Is there a Collateralized Loan Obligation bubble that is about to explode and if so, what should we know about these CLOs? Let's find out.
- published: 22 Mar 2020
- views: 37876
21:06
Selling A Company To A Private Equity Backed Strategic
We interviewed Matt O'Donnell, founder of North Shore Commercial Door, on his experience selling his business to private equity backed strategic Torsion Group C...
We interviewed Matt O'Donnell, founder of North Shore Commercial Door, on his experience selling his business to private equity backed strategic Torsion Group Corp. Matt discusses the timing of the transaction, some of the emotions he dealt with throughout the negotiation process, trying to juggle running the business while negotiating the sale, and gives some advice for business owners contemplating a similar transaction.
1:50 - What made it the right time for Matt to sell his business?
3:15 - What to look for in a strategic partner
4:15 - Transitioning into his new role with Torsion Group Corp
7:08 - What emotions did he deal with throughout the negotiation process?
12:35 - His goals for the company and how partnering with a PE backed strategic will help serve those goals moving forward
15:40 - His experience running the day-to-day operations of the company while being immersed in the M&A transaction process
16:34 - Advice for business owners contemplating an exit and things he wish he'd known more about prior to entering into the negotiation process
For further discussion on the M&A process, please visit
https://www.mcmcapital.com/private-equity-resource-guide-and-information/
https://wn.com/Selling_A_Company_To_A_Private_Equity_Backed_Strategic
We interviewed Matt O'Donnell, founder of North Shore Commercial Door, on his experience selling his business to private equity backed strategic Torsion Group Corp. Matt discusses the timing of the transaction, some of the emotions he dealt with throughout the negotiation process, trying to juggle running the business while negotiating the sale, and gives some advice for business owners contemplating a similar transaction.
1:50 - What made it the right time for Matt to sell his business?
3:15 - What to look for in a strategic partner
4:15 - Transitioning into his new role with Torsion Group Corp
7:08 - What emotions did he deal with throughout the negotiation process?
12:35 - His goals for the company and how partnering with a PE backed strategic will help serve those goals moving forward
15:40 - His experience running the day-to-day operations of the company while being immersed in the M&A transaction process
16:34 - Advice for business owners contemplating an exit and things he wish he'd known more about prior to entering into the negotiation process
For further discussion on the M&A process, please visit
https://www.mcmcapital.com/private-equity-resource-guide-and-information/
- published: 30 Nov 2020
- views: 2221
1:50
What are Asset Backed Securities? | Made in Germany
Or ABS - It's a familiar phrase but what exactly does it mean? The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities ...
Or ABS - It's a familiar phrase but what exactly does it mean? The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities from European banks - which some blame for the triggering the financial crisis in the first place.
More business news: http://www.dw.de/business
https://wn.com/What_Are_Asset_Backed_Securities_|_Made_In_Germany
Or ABS - It's a familiar phrase but what exactly does it mean? The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities from European banks - which some blame for the triggering the financial crisis in the first place.
More business news: http://www.dw.de/business
- published: 12 Sep 2014
- views: 36675
14:24
FTC Chair Lina Khan SUES Private-Equity Backed Anesthesia Firm
FTC Chair Lina Khan isn't playing around with consolidation in the health care industry to dominate local markets and jack up prices. Ana Kasparian and Ramesh S...
FTC Chair Lina Khan isn't playing around with consolidation in the health care industry to dominate local markets and jack up prices. Ana Kasparian and Ramesh Srinivasan discuss on The Young Turks.
Get the Progressive battle plan: https://go.tyt.com/book-description
Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Read more HERE: https://youtu.be/mzOFwMXLhj0
https://www.nytimes.com/2023/09/21/health/ftc-antitrust-healthcare.html?partner=slack&smid=sl-share
"After vowing to tackle consolidation in the health care industry, the Federal Trade Commission filed an antitrust lawsuit on Thursday that challenged the growing practice of private-equity firms backing companies that amass medical practices and dominate local markets.
The suit targeted a large doctors’ group that operates anesthesia practices in several states, claiming the group and the private equity firm advising and financing it were consolidating doctors’ groups in Texas so they could raise prices and increase their profits."
***
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230928__TB01FTCSuesAnesthesia
https://wn.com/Ftc_Chair_Lina_Khan_Sues_Private_Equity_Backed_Anesthesia_Firm
FTC Chair Lina Khan isn't playing around with consolidation in the health care industry to dominate local markets and jack up prices. Ana Kasparian and Ramesh Srinivasan discuss on The Young Turks.
Get the Progressive battle plan: https://go.tyt.com/book-description
Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Read more HERE: https://youtu.be/mzOFwMXLhj0
https://www.nytimes.com/2023/09/21/health/ftc-antitrust-healthcare.html?partner=slack&smid=sl-share
"After vowing to tackle consolidation in the health care industry, the Federal Trade Commission filed an antitrust lawsuit on Thursday that challenged the growing practice of private-equity firms backing companies that amass medical practices and dominate local markets.
The suit targeted a large doctors’ group that operates anesthesia practices in several states, claiming the group and the private equity firm advising and financing it were consolidating doctors’ groups in Texas so they could raise prices and increase their profits."
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join
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If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist https://www.youtube.com/watchlisttyt
Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt
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The Conversation ▶ https://www.youtube.com/tytconversation
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#TYT #TheYoungTurks #BreakingNews
230928__TB01FTCSuesAnesthesia
- published: 02 Oct 2023
- views: 35472