Those banks which so far have announced
changes to interest rates following the tightening in early August have also matched the rise in the cash rate.
Not exact matches
Important factors that could cause actual results
to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited
to, the
following: 1) our ability
to continue
to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability
to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability
to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability
to achieve certain cost reductions with respect
to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability
to accommodate, and the cost of accommodating, announced increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of
changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any
changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability
to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence
to their announced schedules; 10) our ability
to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability
to enter into profitable supply arrangements with additional customers; 12) the ability of all parties
to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability
to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability
to borrow additional funds or refinance debt, including our ability
to obtain the debt
to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of
changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and
changes to the interpretations of or guidance related thereto, and the Company's ability
to accurately calculate and estimate the effect of such
changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability
to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of
interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility
to higher
interest payments should
interest rates increase substantially; 27) the effectiveness of any
interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure
to potential product liability and warranty claims; 31) our ability
to effectively assess, manage and integrate acquisitions that we pursue, including our ability
to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability
to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability
to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability
to complete the proposed accelerated stock repurchase plan, among other things.
The U.S. is primed for higher
interest rates, but the Bank of Canada won't
follow suit until there are real policy
changes — not just Trump Tweets —
to act on
«Pockets of risk have begun
to emerge»
following several years of exceptionally low
interest rates that have
changed how lenders and borrowers view debt, Morneau told a news conference in Toronto.
The wording
change is in line with what the Fed committee said in the run - up
to raising
rates in 2004
following a period of low
interest rates.
Another factor potentially muting the response of consumption
to interest rate changes relates
to banks» processes for adjusting scheduled mortgage repayments
following changes in lending
rates.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure
to execute a business continuity plan
following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability
to drive sales growth; the impact of indebtedness we incurred in the RARE acquisition; our plans
to expand our newer brands like Bahama Breeze and Seasons 52; our ability
to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs
to open, close or remodel restaurants; increased advertising and marketing costs; a failure
to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions in the delivery of food and other products; volatility in the market value of derivatives; general macroeconomic factors, including unemployment and
interest rates; disruptions in the financial markets; risk of doing business with franchisees and vendors in foreign markets; failure
to protect our service marks or other intellectual property; a possible impairment in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or
changes in accounting standards; and other factors and uncertainties discussed from time
to time in reports filed by Darden with the Securities and Exchange Commission.
Contrary
to the ECB meetings, the MPC meetings are never
followed by any press conferences, not unless the
interest rates are being
changed.
While floaters may be linked
to almost any benchmark and pay
interest based on a variety of formulas, the most basic type pays a coupon equal
to some widely
followed interest rate or a
change in a given index over a defined time period, such as the year - over-year
change in the Consumer Price Index (CPI), plus a fixed spread in basis points (1bp = 1/100 of 1 % or.01 %).
Such statements reflect the current views of Barnes & Noble with respect
to future events, the outcome of which is subject
to certain risks, including, among others, the effect of the proposed separation of NOOK Media, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due
to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated with data privacy, information security and intellectual property, possible work stoppages or increases in labor costs, possible increases in shipping
rates or interruptions in shipping service, effects of competition, possible risks that inventory in channels of distribution may be larger than able
to be sold, possible risks associated with
changes in the strategic direction of the device business, including possible reduction in sales of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able
to be effectively utilized in devices
to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that returns from consumers or channels of distribution may be greater than estimated, the risk that digital sales growth is less than expectations and the risk that it does not exceed the
rate of investment spend, higher - than - anticipated store closing or relocation costs, higher
interest rates, the performance of Barnes & Noble's online, digital and other initiatives, the success of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, risks associated with the commercial agreement with Samsung, the potential adverse impact on the Company's businesses resulting from the Company's prior reviews of strategic alternatives and the potential separation of the Company's businesses (including with respect
to the timing of the completion thereof), the risk that the transactions with Pearson and Samsung do not achieve the expected benefits for the parties or impose costs on the Company in excess of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution of those applications is not achieved, risks associated with the international expansion previously undertaken, including any risks associated with a reduction of international operations
following termination of the Microsoft commercial agreement, the risk that NOOK Media is not able
to perform its obligations under the Pearson and Samsung commercial agreements and the consequences thereof, the risks associated with the termination of Microsoft commercial agreement, including potential customer losses, risks associated with the restatement contained in, the delayed filing of, and the material weakness in internal controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated with the ongoing efforts
to rationalize the NOOK business and the expected costs and benefits of such efforts and associated risks and other factors which may be outside of Barnes & Noble's control, including those factors discussed in detail in Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended May 3, 2014, and in Barnes & Noble's other filings made hereafter from time
to time with the SEC.
As announced on Sept. 13, 2016, in order
to meet the overall goals of the program, the
following changes to the
interest rate buy down (IRBD) take effect October 17, 2016.
However, the Bank of Canada is not expected
to follow suit with any
changes to its key
interest rate target any time soon.
I know this article was posted almost a year ago, and
interest rates are subject
to change, but I was very dissappointed after
following the links
to find that all of the banks featured here have
rates that are at least 2 % lower than when this was written.
the disclosure of certain enumerated events affecting a municipal security; these events include the
following, if material: (1) principal and
interest payment delinquencies; (2) non-payment related defaults; (3) unscheduled draws on debt service reserves; (4) unscheduled draws on credit enhancements; (5) substitution of credit or liquidity providers; (6) adverse tax events affecting the tax - exempt status of the security; (7) modifications
to rights of securities holders; (8) bond calls; (9) defeasances; (10) release, substitution, or sale of property securing repayment; (11)
rating changes; (12) failure
to provide annual financial information as required; the MSRB, Electronic Municipal Market Access (a.k.a. EMMA) provides free access
to municipal disclosures, market data and education
The rise and fall of
interest rates (like the nationwide increase that
followed the Fed's action in December) won't
change the terms of your loan, so you'll always know what
to expect.
The
change in yield is determined as
follows: After one year, what was originally an «x» year bond will be an «x» -1 year bond with a yield equal
to the original «x» -1 year yield, plus or minus any yield
change applied from the model's
Interest Rate Shock inputs.
Change in bond price is calculated using both duration and convexity according
to the
following formula: New Price = (Price + (Price * - Duration *
Change in
Interest Rates)-RRB- + (0.5 * Price * Convexity * (
Change in
Interest Rates) ^ 2).
The bond is payable
to the bondholder upon demand
following an
interest rate change.
Al and Mark Rosen, who run Accountability Research, a company that provides independent equity research,
follows this issue very closely and recently wrote an article for Advisor.ca that flags a couple of key issues; «Two big factors investors need
to pay attention
to are
changing accounting rules and fluctuating
interest rates.
REIT Risk (Real Estate Fund only): The Fund's investments in REITs may subject the fund
to the
following additional risks: declines in the value of real estate,
changes in
interest rates, lack of available mortgage funds or other limits on obtaining capital, overbuilding, extended vacancies of properties, increases in property taxes and operating expenses,
changes in zoning laws and regulations, casualty or condemnation losses and tax consequences of the failure of a REIT
to
The
changes to section 130 (2) authorize the Lieutenant Governor in Council
to do the
following: make regulations respecting the minimum
rate of
interest for a brokerage trust account; designate a person or body
to appoint one or 2 individuals
to the board of governors of the Real Estate Foundation; set qualifications for the individuals appointed
to the board of governors of the Real Estate Foundation.
The administration can be counted on
to offer near - term policies directed toward lowering
interest rates and stimulating consumer demand,
followed by the more dramatic
changes that Bush campaigned on, including his much - touted large - scale tax cut.
A document preparation company requested that the Bureau revise § 1026.38 (t)(2)
to permit disclosure of an «e»
to denote an estimate
following certain disclosures on the Closing Disclosure for certain transactions where frequently
changing interest rates could vary many of the amounts disclosed from what is stated on the Closing Disclosure.