As I explain in this paper, credit derivatives are merely a financial tool that can be used by those exposed to credit risk, say a default by the Greek government or General Electric, to share that risk with others.
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Since the problem emerged, many retailers have resorted to pen and paper to complete credit and debit transactions.
Showed what I thought was my ticket to the conductor, who most politely and in immaculate English told me I was carrying a piece of paper saying my credit card had been refused, and next time to buy a ticket at the counter.
Still, that is cold comfort for the backers of products such as the iCache Geode, a strange and ambitious iPhone contraption combining NFC and e-paper with a reprogrammable credit card that was floated last April.
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He said today that the Fed would begin buying commercial paper in hopes of thawing credit markets.
Banks have been curtailing backup lines of credit for commercial paper.
Some were created by the Fed's myriad loans to banks, issuers of commercial paper and others to unfreeze the credit markets.
These large cap stocks have dividend yields greater than the average yield on 10-year corporate paper, and 5-year credit default swap spreads tighter than that of 5-year U.S. debt.
The 14 meant that "Royal" could annihilate 14 sheets of paper at once, not to mention credit cards and CDs.
The move to loosen up the commercial paper market came after morning indications showed credit conditions remain under enormous strain.
In the paper, the authors argue that while credit cards have made transactions more efficient, they have also led to inflation.
The Fed's move to loosen up the commercial paper market came after morning indications showed credit conditions remain under enormous strain.
Big business finances their revolving credit needs by issuing commercial paper.
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Ultimately, we all need to get used to paper money and the full, faith and credit of sovereign governments issuing the money.
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We are optimistic on our estimate largely because of the shift away from paper based transactions which will drive sales on credit cards and debit cards.
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Its advisers, Credit Suisse First Boston, prepared a paper outlining six strategic options.
Instead, the markets came up with the right reform: Such paper had to be backed by ironclad lines of credit from commercial banks.
Pull out all your most recent credit card statements and a piece of blank paper.
Most tend to have clean(ish) credit records, making them look good on paper.
The credit market issues have forced companies still issuing commercial paper to issue it overnight or in terms shorter than 90 days.
It concerns credit risk, which previously loomed small with commercial paper, because the issuers carried high ratings and the maturities were so short.
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Thousands simply gave birth to paper children on their tax forms and immediately got their "credit" in checks from the IRS. The cost: "a couple of billion, " according to former IRS Commissioner Larry Gibbs.
In June 2012, the Scottish government published the consultation paper on changes required as a result of the introduction of Universal Credit and Personal Independence Payment by Westminster.
The new program lets the brokerages borrow for 28 days, but more significantly, it allows the brokerages to offload a broader array of mortgage paper, which has been the bane of their existence since the credit crisis began last fall.
Back in the Sun , its leader column is devoted to a plea for Tony Blair and the Chancellor, Gordon Brown, to end what the paper perceives as a "war" over who should take the credit for the booming economy.
Distressed and defaulted paper, however, continued to knock the cover off the ball as credit opportunity investors sought out wide-margin opportunity.
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If you really must keep one credit card in your wallet, wrap a piece of red paper around it and write in big, bold letters EMERGENCY.
Some of the more pessimistic commentators see the recent credit excesses as the inevitable consequence of a system based on paper money and call for the return of the gold standard to prevent future crises.
Moreover, providing liquidity to financial institutions does not address directly instability or declining credit availability in critical nonbank markets, such as the commercial paper market or the market for asset-backed securities, both of which normally play major roles in the extension of credit in the United States.
The paper has discerned an "intensifying strategy" from 10 Downing Street to seize credit from the Chancellor's residence, number 11.
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