Sentences with phrase «less securities lending»
Not exact matches
ACWI charges a higher fee than some peers, but typically costs less to hold than its fee implies due to securities lending and optimization.
http://www.etf.com/
«CIBC lent Mr. Karasick $ 36.5 million for the deal in 2007 and recently insisted the purchase price was «well justified,» even though a securities filing shows the mortgage approval was based on a monthly operating cost of... less than half of what the former owners spent... Cuts in service — maintenance staff was slashed from nine to three — had immediately followed the sale.»
As with the concerns about synthetic ETFs, the major problems with securities lending are in Europe, where the practice is more common and less strictly regulated.
This is because investors are now gun shy of investing in mortgage backed securities, which leaves less money for the lenders to lend.
«If you think about a bank that is lending 90 percent against a house, versus a broker - dealer taking in 102 percent against a loan of a security, the broker - dealer's credit risk is exponentially less,» Lofchie said.
A lease that is less than 60 years old is not generally considered good security and most lenders will not lend on this basis.