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Available for sale (AFS) is an accounting term used to classify financial assets. AFS is one of the three general classifications, along with held for trading and held to maturity , under U.S. Generally Accepted Accounting Principles (US GAAP), specifically FAS 115 .
Agency securities are specific securities that are issued by either Ginnie Mae, Fannie Mae, Freddie Mac or the Federal Home Loan Banks.These securities are backed by mortgage loans, and due to their creation from these particular corporations that are sponsored by the U.S. government, they enjoy credit protection based on either an explicit guarantee from the U.S. Government in the case of ...
Publicly issued asset-backed securities have to satisfy standard SEC registration and disclosure requirements, and have to file periodic financial statements." [9] "The Process of trading asset-backed securities in the secondary market is similar to that of trading corporate bonds, and also to some extent, mortgage-backed securities.
According to the International Financial Reporting Standards (IFRS), a financial asset can be: . Cash or cash equivalent, Equity instruments of another entity,; Contractual right to receive cash or another financial asset from another entity or to exchange financial assets or financial liabilities with another entity under conditions that are potentially favorable to the entity,
The preferred stock securities issued by the trust are what are referred to as trust-preferred securities. The security is a hybrid security with characteristics of both subordinated debt and preferred stock in that it is generally very long term (30 years or more), allows early redemption by the issuer, makes periodic fixed or variable ...
Simple example If an investor owns 10 shares of a stock purchased for $4 per share, and that stock now trades at $6, the "mark-to-market" value of the shares is equal to (10 shares * $6), or $60, whereas the book value might (depending on the accounting principles used) equal only $40.
An asset-backed securities index is a curated list of asset-backed security exposures that is used for performance bench-marking or trading. The original asset-backed securities index was the ABX , a synthetic tradeable index sponsored by Markit (now IHS Markit ), which referenced a basket of 20 subprime mortgage-backed securities .
Prudential Securities: 1981 American Express: Shearson Loeb Rhoades: Shearson/American Express: 1984 Shearson/American Express: Investors Diversified Services: Shearson/American Express: 1984 Shearson/American Express: Lehman Brothers, Kuhn, Loeb: Shearson Lehman/American Express: 1987 Primerica: Smith Barney: Primerica: 1987 Union Bank of ...