Sentences with phrase «writing credit default»

What they could also do is write a credit default swap with Goldman Sachs, or have Goldman Sachs write it for them (I'm not sure who would be the counterparty to who, but who's to quibble?).

Not exact matches

In September 2008, AIG experienced serious liquidity issues (despite its $ 1 trillion balance sheet) when it couldn't post $ 20 - 25 billion of liquid collateral related to credit default swap contracts written by one of its subsidiaries.

Are you referring to the credit default swaps that U.S. banks hold, and the insurance policies they have written against European bond defaults?

Bair writes: «It was taking losses on credit default swaps entered into with weak counterparties....»

In a nice touch that Disney extends to all their Studio Ghibli films, toggling between the default English dub and the original Japanese soundtrack brings about changes in visuals, not only the credits but in the words written on screen (like Shawn's note to Arrietty).

Later in this blog post I wrote a section called «A Few of My Favorite Quotes», and one of the quotes is a beautiful description of how these credit default swaps work.

credit applications - credit provider, amount of credit and type of credit (for example interest free loan, home loan, credit card) credit defaults - overdue payments of 60 days or more when you have been sent a letter notifying you of the default credit defaults that have been paid serious credit infringements or «clearout» listings - this is when the credit provider has unsuccessfully tried to contact you in writing and has reported you as a missing debtor.

Find out the Benefits Of A Bad Credit FHA Mortgage Loan Find out the FHA Home Loans Available With Bad Credit Find out the FHA Hope For Homeowners In Foreclosure Or Default Program Although all information has been written in good faith and reviewed, please email us at [email protected] to report any inaccuracies.

«While banks wrote off a total of $ 75 billion in credit card debt, the level of the debt only declined by around $ 67 billion» and «the entire decrease in overall debt is the direct result of Americans defaulting on their debt»!

Case in point, I had a credit card that I defaulted on, the balance was charged off (a tax write off for them) and then sold 2 years later to a debt collector.

AIG famously leveraged its AAA credit rating to sell (write) credit default swaps (CDS) to counterparties who wanted default protection (in many cases, on CDO tranches).

You have been subject to any of the following conditions during the five years preceding the date of the credit report: Repossession; Default Determination; Bankruptcy Discharge; Tax Lien; Wage Garnishment; or Write off of a federal student loan debt.

As written here in January, short - term rates could go to zero, and lenders would still be afraid to lend, because they can not estimate default risk from credit rating, nor balance sheets, nor extrapolation from the past.

I'm going to write about credit default swaps.

a) Disputes filed - 18 months b) Inquiries - 2 years c) Payment profile -5 years d) Information related to a consumers payment behavior such as slow payer, defaulted or absconded - 1 year e) Information relating to the action that a credit provider has taken against a consumer to enforce a debt such as handed over, legal action or write - off - 2 years f) Debt restructuring - Until a clearance certificate is given g) Civil court judgments - 5 years or until the court removes it h) Administration orders (orders to put a consumer under administration)- 10 years or until the court removes it i) Sequestrations (order given by the court where the consumer is insolvent)- 10 years or until the court removes it j) Liquidations (order given by the court where the consumer is insolvent)- no time limit k) Court order removing a liquidation or sequestrations after all the debt was paid - 5 years l) Other information (information not covered above)- 2 years Other Useful Topics Learn how to dispute information on your credit report in South Africa.

Under current regulations, a PLUS loan applicant is considered to have an adverse credit history if the credit report shows that the applicant is 90 days delinquent on any debt, or has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write - off of a title IV, HEA program debt in the five years preceding the date of the credit report.

The applicant has been the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write - off of a Title IV debt, during the five years preceding the date of the credit report.

Adverse credit history is defined in 34 CFR 682.201 (c)(2)(ii) as not being 90 or more days late on repayment of a debt or having had a write - off of a Title IV debt, default, bankruptcy discharge, foreclosure, repossession, tax lien or wage garnishment in the past five years.

It looks great on your credit, federal school loans in good standing with no defaults that is, and if after 25 years the amount is not paid off the government writes it off and you owe nothing!

As an extra measure of safety, the Bistro organizers wanted Financial Products to write credit - default swaps on the top tiers to further reassure skittish investors.

If a borrower continues to miss payments the credit issuer will continue to report delinquencies up to a specified timeframe when it will be written off and considered in default.

That means that if over-consuming borrowers default on their credit - card debt the negative impact is essentially limited to the borrower and the lender, while a material increase in mortgage defaults can send shock waves throughout the economy (see the current U.S. example, where it is mortgage defaults, not credit - card write - offs, that have created Depression - like conditions).