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Turbo and Overcollateralization
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Can somebody let me know the tax benefit for the excess equity class ( the OC class ) for doing a TURBO - ie paying out the excess spread as principal to the bonds....Does Turboing reduce the tax burden on the OC class holder. And does this gain go into p&l or BS
Posted on Nov 28, 2006, 3:29 PM from IP address 58.2.238.143
Can somebody let me know the tax benefit for the excess equity class ( the OC class ) for doing a TURBO - ie paying out the excess spread as principal to the bonds....Does Turboing reduce the tax burden on the OC class holder. And does this gain go into p&l or BS
Posted on Nov 28, 2006, 3:28 PM from IP address 58.2.238.143
I am interested to know what is involved in exiting a securitisation structure. An example would be such as if a company has been acquired which has a securitisation and the acquiring company now wishes to exit out of securitisation.
Any help would be appreciated.
Regards
Mark in London
Posted on Nov 13, 2006, 5:48 PM from IP address 195.153.144.178
Does anyone have a worked example of how securitisation (both synthetic and CMBS) works in the P&L over time? All examples I see focus on the balance sheet, but what are the costs, when are they incurred, how do you get to a profit booked in the P&L?
Thanks,
Britta
Posted on Nov 6, 2006, 9:28 AM from IP address 193.26.4.35
I'm an executive recruiter with The Weatherly Group in New York focused on recruitment in the hedge fund industry. One of my current clients is aggressively seeking an expert in CDO structuring with experience in CMBS origination. This is a senior position within an established and highly successful global fund.
Interested professionals should email me or call;
Benjamin J. Normann
The Weatherly Group
New York, NY
212.278.8448
ben@twgco.com
Posted on Oct 16, 2006, 10:10 PM from IP address 69.3.111.50
does anyone know a good source of reference for accounting for credit default swaps. The ideal source would cover CDS's where thet are de facto guarentees and where they are derivatives. It would also cover from the perspective of the seller and the purchaser of the instruments.
In an ideal world it would also cover scenarios where the swaps are used in say an SPV to remove credit risk and where they are bought purly speculatively or as way of obtaining synthetic exposure to an underlying asset which otherwise would not be available (for whatever reason).
Posted on Sep 7, 2006, 12:26 PM from IP address 81.19.57.170
Taxes are usually collected by a governmental agency such as the Internal Revenue Service in the United States or HM Revenue and Customs (HMRC) in the UK. When taxes are not paid to a government's satisfaction, penalties such as fines, forfeiture, and imprisonment are carried out against the non-paying entity or individual. These penalties are also typically carried out by a governmental agency, such as the Federal Bureau of Investigation in the US. In most modern industrialized countries, when an individual fails to pay his government the taxes that government demands of him, it will ultimately result in his imprisonment at the hands of the state. Wincentive Corporation is a tax consulting firm that specializes in tax recovery services for businesses operating in California Enterprise Zones.
We provide the labor intensive processing and expertise required for our clients to claim California Enterprise Zone Tax Incentives.
For more information visit Wincentive Corporation
Posted on Aug 21, 2006, 9:36 AM from IP address 202.63.227.38