Sentences with phrase «guaranteed investment contracts»

Then there was the floating rate guaranteed investment contract project that I eventually killed because it was impossible.

Historically, life companies match funded real estate loans with Guaranteed Investment Contracts and locked in the spread.

It was late 1993, and I knew that we could make a lot of money if I sold floating - rate Guaranteed Investment Contracts.

In early 1994, after the Fed's first rate hike in what would be annus horribilis for the bond market, I was behind in my quota for selling Guaranteed Investment Contracts [GICs] at Provident Mutual.

Think of LTCM in 1998, or the life insurers that came under stress for writing too many GICs [Guaranteed Investment Contracts] in the late 80s and invested the money in commercial mortgages.

For all participants, 44.0 percent of the total plan balance is invested in equity funds, 19.1 percent in employer stock, 15.1 percent in guaranteed investment contracts (GICs), 7.8 percent in balanced funds, 6.8 percent in bond funds, 5.4 percent in money funds, 0.8 percent in other stable value funds, and 1.0 percent in other or unidentified investments.

Taking advantage of the good opinion that the raters had of the industry, many life insurance companies issued Guaranteed Investment Contracts [GICs] to institutions for their Defined Benefit and Defined Contribution pension plans.

It was winter in early 1995, and I was wondering if I still had a business selling Guaranteed Investment Contracts [GICs].

The Retirement segment manufactures and distributes products and provides administrative services for qualified and non-qualified retirement plans and offers guaranteed investment contracts, funding agreements, institutional and retail notes, structured settlement annuities and group annuities.

Stable Value Fund, which invests in several guaranteed investment contracts and pooled separate accounts; and

Within the realm of stable value, traditional guaranteed investment contracts (GICs) have frequently been misunderstood and little used — despite their attractive characteristics.

Because of the accounting rules, insurance contracts could be valued at book, not market, and so Guaranteed Investment Contracts [GICs] were sold to 401 (k) and other DC plans.

In the old days, it meant buying Guaranteed Investment Contracts [GICs] from insurance companies, and buying the highest rate offered, because they were all AAA in the late 80s.

The rating agencies were trying to evaluate the newly popular 401 (k) investment Guaranteed Investment Contracts [GICs].

The Louisiana State and Adams County Industrial Revenue Bonds are backed by Guaranteed Investment Contracts, or GICs, issued by Executive Life Insurance Company of California («Executive Life»).

The major insurance companies of that period were deeply at fault in this as well, largely driven by the need to issue 5 - year Guaranteed Investment Contracts [GICs] to rapidly growing stable value funds of defined contribution plans.

The MIP is a synthetic guaranteed investment contract (GIC), which consists of two principal features, the complaint explains.

It is important to review existing contracts with service providers, including the plans» recordkeepers, the trustees, and the issuer of a stable value fund or guaranteed investment contract if offered as an investment within the acquired plan.

The fund enters into guaranteed investment contracts (GICs) with insurance companies which invest in government and corporate bonds and mortgages.

Term deposits, including Guaranteed Investment Contracts (GICs), with original terms to maturity of five years or less are eligible for CDIC insurance.

That's a noble thought, but were GICs [Guaranteed Investment Contracts] exotic back in 1989 - 1992?

On imprudent risks, I remember a boss praising me for not putting the company at risk on floating rate Guaranteed Investment Contracts, when I proved it was too risky.

Issued guaranteed investment contracts that would be immediately payable on ratings downgrade.

A lawsuit has been filed on behalf of retirement plan participants who have invested in guaranteed investment contract (GIC) accounts provided by United of Omaha Life Insurance Company.

This includes Treasury bills, guaranteed investment contracts and the like.

I was running the Guaranteed Investment Contract desk at Provident Mutual, and making good money for the firm.

Estimated the «hole» in reserving for the Guaranteed Investment Contract line of business (accurate within 10 %, according to the writedown they took later)

They will be discussing setting up an industry fund to cover losses from failures of Guaranteed Investment Contracts.

This would supposedly give more protection to those buying insurance or GICs [Guaranteed Investment Contracts] from them.

Those might include a menu of stock and bond mutual funds, money - market funds, guaranteed investment contracts (GICs), and other vehicles.

«In addition, as a result of the portfolio rebalancing that we began in the second quarter, we have sufficient liquidity to meet all termination payments due on our Guaranteed Investment Contracts as a result of the downgrade,» he said.

In 1994, I sold GICs (Guaranteed Investment Contracts) like mad after the first Fed tightening, and ran unhedged.

Specifically, 53 percent of plan balances are invested in equity funds, 19 per - cent in company stock, 10 percent in guaranteed investment contracts (GICs), 7 percent in balanced funds, 5 percent in bond funds, 4 percent in money funds, and 1 percent in other stable value funds.

Consider Mutual Benefit, which wrote fixed - rate GICs [Guaranteed Investment Contracts] putable on a ratings downgrade, or General American and ARM Financial, which wrote floating - rate GICs putable on a ratings downgrade.

One of the Holy Grail ideas of the early - to - mid»90s was creating floating rate funds with yield so that floating rate Guaranteed Investment Contracts could be profitably written.

General American wrote a bunch of floating rate Guaranteed Investment Contracts that had 7 - day put provisions after a ratings downgrade.

Were GICs [Guaranteed Investment Contracts] exotic back in 1989 - 1992?

The plaintiffs pointed to guaranteed investment contracts (GICs) as an example.

1) Insurers that made their Guaranteed Investment Contracts [GICs] putable on ratings downgrades.

Corporate spreads tightened; I remember that it was difficult to get good yields for my Guaranteed Investment Contract [GIC] business back then.

In my career, I have run a GIC (Guaranteed Investment Contract) desk at an insurer, designed one stable value fund, and helped administer and invest for several others.

Guaranteed Investment Contract.

The firm pushed further into structured investments, hedge fund deals and guaranteed investment contracts, or GICs.