"Even if we had taken it now it would not have counted as a factor in regulatory capital or balance sheet capital, " its spokesman said.
However, the tax efficiency of bond ETFs is not a big factor, because capital gains do not play as big of a part in bond returns as they do in stock returns.
The current-account deficit, now around 5% of GDP, is a key factor: if capital flows into America slowed even more sharply, or dried up, the adjustment involved in reducing the current-account deficit could be painful both for America and the rest of the world.
In this case the factor was Liquid Capital, a chain of financiers headquartered in Toronto. (It's one of two such franchised factoring operations in North America, the other being Interface Financial Group in Irvine, Calif.) Under this arrangement, Lee Doernberg, a Liquid franchisee in Alpharetta, Ga.
Education is a major factor in developing the human capital to enable countries to compete successfully in the global economy.
And the movement of people, like that of goods and capital, is a factor in economic growth.
By banks in fact, often leveraging up their capital bases by a factor of 30 or more.
Capital is only one factor of production: why should people care more that it be British than, for example, the workforce?
Before the smaller players drill, they must factor in such issues as their capital and lease costs, as well as the price of the underlying commodity.
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Academic estimates of the effect on GDP of varying capital requirements differ by a factor of ten, Mr Wadhwani pointed out to a parliamentary committee recently.
One factor that the study quantifies is human-capital endowment, meaning the brainpower created by parents, formal education and training, and on-the-job learning.
Another factor is Poland's reliance on foreign capital, much of it short-term.
Another factor is the structure of China's capital markets.
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Capital Controls do not form part of the envisaged resolution regime which is the only distinguishing factor of the Cyprus bailout which Dijsselbloem failed to express but he certainly does not envisage capital controls as being the model for Europe.
Low levels of capital relative to assets were a major factor in the recent global financial crisis.
The "capital asset pricing model" identified one factor, beta, or a stock's volatility relative to the index, as pivotal to the stock's returns.
Total factor productivity, which measures how efficiently labour and capital are combined, is only 42% of the level in America, or 82% that in South Korea.
While improvement in capital flows has certainly been a supportive factor since September 2012, the deterioration in the trade balance is likely to weigh on the external balance nonetheless.
More than any other factor on the horizon, the self generating momentum for capital to expand, coupled with the size of the global financial sector, will influence the shape and tempo of global economic growth going forward.
With collateral being re-hypothecated to a factor of four (according to IMF estimates), the actual capital backing re-hypothecation transactions may be as little as 25%.
The other primary factor contributing to the Series A shortfall is the concentration of venture capital funds in the hands of a shrinking number of large firms.
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Mann introduced Pavlo to Mark Benveniste, president of Manatee Capital, an Atlanta firm set up in 1994 to factor, or collect, debts, for caller-paid phone services, including Mann's Denmark Dial.
From a total factor productivity standpoint, a guide post used by economists to measure capital investment in an economy, Brazil grew 1.2 percent over the last 8 years ending 2010, while Mexico grew just 0.1 percent.
Continued profit taking for long-term investors to take advantage of the low-capital gains tax rates still in effect could be an obvious factor, though hard to substantiate.
But when you factor in each of these, and compare the company you are evaluating with other similar companies that have raised capital, you can get a pretty good sense of a fair valuation for both sides.
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