Sentences with phrase «of auction rate»

We obtained complete dismissal of claims by the New York Attorney General alleging securities fraud under the Martin Act relating to the sale of auction rate securities.
Typically, the carrying value of auction rate securities approximates fair value due to the frequent resetting of the interest rates.
below for a further discussion of our auction rate securities.
Short and long - term investments consist primarily of auction rate securities in asset backed securities and corporate notes.
While we continue to earn interest on these investments at the maximum contractual rate, the fair value of certain of these auction rate securities no longer approximates par value.
«Today's settlement will provide much needed relief to investors who have suffered from the collapse of the auction rate securities markets,» said NASAA President and Colorado Securities Commissioner Fred Joseph.
FINRA, along with the Securities and Exchange Commission and state securities regulators, recently has announced final settlements with numerous brokerage firms relating to the sale of auction rate securities.
----------------- (1) As of August 2, 2008, VVTV had $ 79.4 million of cash — $ 48.8 million of liquid, $ 10.9 million of short term equivalent and $ 20.5 million of auction rate securities (which should likely be discounted by $ 1.5 million).
In consideration of the settlements, securities regulators agreed to terminate their investigations into the marketing and sale of auction rate securities to individual investors.
In settlements reached with state and federal securities regulators, 11 firms have agreed in principle to repurchase more than $ 50 billion of auction rate securities.
Wachovia: Securities Regulators Announce Settlement With Wachovia Over Sale of Auction Rate Securities, August 15, 2008
The widespread marketing of auction rate securities as cash equivalents, followed by the collapse of the ARS auction market in February 2008 left thousands of investors without access to their money.
The near - cessation of the auction rate securities market was the one result of this new sensitivity to risk.
As a result, MEMS has classified the $ 5.8 million of auction rate securities it held at September 30, 2008 as long - term investments.
If an auction fails, the issuer becomes obligated to pay interest at penalty rates, and all of the auction rate securities MEMS holds continue to pay interest in accordance with their stated terms.
Due to recent liquidity issues, certain of the auction rate securities MEMS holds have failed at auction, meaning that the amount of securities submitted for sale at auction exceeded the amount of purchase orders.
As of September 30, 2008, MEMS» investments included $ 5.8 million of auction rate securities.
Short - and long - term investments consist of auction rates securities, which have underlying instruments that consist primarily of corporate notes and asset backed securities, and are rated AA or higher at the time of purchase.

Not exact matches

NEW YORK, May 2 - U.S. «There are no TIPS increases, which tends to reduce the effective duration of the forward auctions,» said Jim Vogel, interest rates strategist, at FTN Financial in Memphis, Tennessee.
These markets have experienced brokers who either reverse auction your premises with other businesses or undertake a comparison of the most competitive rates.
Instead of an auction model, where consumers post jobs and contractors bid on them, in the new system, contractors post their hourly rates, taking a step out of the booking process.
Threats from debt - rating agencies to strip the country of its sterling credit rating and investors» lacklustre response to a bond auction in November are just two signs that this reality is beginning to sink in.
Although rates on federal student loans are fixed for life, rates for new borrowers are reset annually, based on the outcome of an auction of 10 - year Treasury notes held in July.
Announcement of auction results - The weighted average award rate and total amount lent for each issue will be released in a timely manner after the auction is complete.
To some extent, the prospect of rating downgrades has already been priced into recent bond auctions by Italy, Spain and other countries.
In the second auction, the Desk will auction Treasury collateral for loan against a pledge of AAA / Aaa - rated private - label residential MBS not on review for downgrade, as well as collateral currently eligible for Desk repurchase transactions.
Convertible Auction Rate Preferred Stock - a convertible auction rate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised on a convertible seAuction Rate Preferred Stock - a convertible auction rate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised on a convertible securRate Preferred Stock - a convertible auction rate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised on a convertible seauction rate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised on a convertible securrate preferred stock is a certain type of an auction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised on a convertible seauction related preferred stock that can be converted into shares of the underlying security an underlying security is a commodity or security, which is subject to delivery when an option is exercised on a convertible security.
Most of that the CEFs you'll see are carry overs from a long time ago, which are the auction rate preferences and were a very popular means of financing pre» 08.
In the third leg of the auction, the Treasury sold 470 million euros in paper maturing in 2026 at a marginal rate of 5.569 percent, down from 6.218 percent in July.
[303][306] In January 2012, the U.S. Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association unanimously recommended that government debt be allowed to auction even lower, at negative absolute interest rates.
To determine the rate for undergraduate loans the Department of Education tacks 2.05 percentage points onto the rate for 10 - year Treasury notes auctioned in May.
Overview [edit] The interest rates are set by lenders who compete for the lowest rate on the reverse auction model, or are fixed by the intermediary company on the basis of an analysis of the borrower's credit.
But the Fed's emergency lending was not nearly so stringent — for example, the Federal Reserve's Term Auction Facility maxed out at an interest rate of 4.67 percent.
New issues of short - term Treasury bills have been issued with a zero interest rate (though the most recent auction produced mildly positive interest rates).
May 3 - Rising costs start to squeeze American businesse CNN Money May 3 - Home Prices Jump Again And «$ 3 Gas Is Coming» Dollar Collapse May 3 - Gold price claws its way higher on Fed meeting and geopolitics Gold - Eagle May 2 - Q&A on SS Central America Gold Coins CoinWeek May 2 - Goldman says case for owning commodities has «rarely been stronger» than it is now CNBC May 2 - Gold, Silver See Corrective Bounces Ahead Of FOMC Statement Kitco May 1 - Gold Eagle Sales Still Faltering While Mining Output Collapses — Perfect Storm Daily Coin May 1 - Relentless USD Rally Is Precious Metal Kryptonite GoldSeek Apr 30 - Venezuelan Inflation: The Demise of Fiat Currency in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or CollectiblOf FOMC Statement Kitco May 1 - Gold Eagle Sales Still Faltering While Mining Output Collapses — Perfect Storm Daily Coin May 1 - Relentless USD Rally Is Precious Metal Kryptonite GoldSeek Apr 30 - Venezuelan Inflation: The Demise of Fiat Currency in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectiblof Fiat Currency in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA auction Coin World Apr 27 - PCGS security features help police nab suspects in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectiblof Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectiblof Very Low Inflation and Interest Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectible?
Pluris» proprietary LiquiStat database includes valuation data from recent sales of illiquid assets: restricted stock, warrants, options, convertibles, auction rate securities, structured products, bankruptcy claims, private company stock, and limited partner interests.
The 10 year treasury rate is the yield to maturity (not the coupon rate) of the most recently auctioned 10 year treasury bond.
When bidding noncompetitively you don't have to specify the rate or yield you're willing to pay, but you're limited to a maximum of $ 5 million in a single auction.
The creditworthiness of auction - rate preferred shares is a reflection of the assets in the investment company.
One useful indicator is the auction clearance rate — that is, the number of properties sold as a proportion of properties offered (including those withdrawn prior to sale).
A rating agency could downgrade the credit rating on an ARS issue, thus making the shares less liquid at an auction or outside of auction.
While there is a seasonal pattern in auction clearances, such that they tend to decline over the second half of the year, the fall in clearance rates in November and December 2003 was noticeably greater than in the previous two years (Graph 31).
Successful auctions are not guarantee a successful auction; auctions can fail and, in the event of a failed auction, existing investorsmay not sell, but instead may continue to hold all or part of their ARS at the maximum rate, as described in the offering documents.
Dresses have become works of art kept in museums or auctioned off at expensive rates.
With a mere 3.5 percent down «qualified buyers» can use FHA loans to buy units at cut rate auction prices at the Beacon, a massive multi-building complex set like a jewel in a neighborhood where almost 30 percent of the residents live below the poverty line.
He, however, added that there was a change in the marginal rate from N315 / $ 1 during the last auction to Wednesday's marginal rate of N320.
The company was suddenly short millions of dollars when Lehman Brothers, which had managed its money, dissolved, but early this year managed to access those auction - rate securities and sell them for nearly $ 12 million to keep running.
These risks and uncertainties include, among others, those relating to our ability to obtain financing and to form collaborative relationships, uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, our ability to develop and market diagnostic products, the level of third party reimbursement for our products, risks related to preclinical and clinical development of pharmaceutical products, including the identification of compounds and the completion of clinical trials, the effect of government regulation and the regulatory approval processes, market acceptance, our ability to obtain and protect intellectual property rights for our products, dependence on collaborative relationships, the effect of competitive products, industry trends and other risks identified in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.
Down to recent times, a woman had to peep over elite clubs, first - rate casinos, auction houses, and race courses of the city to find wealthy men.
With an unannounced game far in development, Volition found itself suddenly under new management, having been purchased at auction for the surprisingly cut - rate price of $ 22.3 million by German entertainment group Koch Media.
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