Collateralized Loan Obligations
Collateralized loan obligations (CLOs) are a type of structured asset-backed security (ABS) that are backed by a pool of loans, typically corporate loans or other…
Finance
Collateralized Fund Obligation (CFO)
A Collateralized Fund Obligation (CFO) is a type of structured financial product that is similar to a Collateralized Debt Obligation (CDO). It is a type…
Collateralized Mortgage Obligation – a type of mortgage-backed security
A Collateralized Mortgage Obligation (CMO) is a type of mortgage-backed security that is created by pooling individual mortgage loans and then dividing them into different…
In Montreal, there are Four Times as Many Financial Landlords as was Previously Believed
According to recent research, a small percentage of financial landlords, including institutional investors and private equity firms, possess four times more of Montreal’s rental housing…
After the Takeover Deal, UBS Shares Recover Losses While Credit Suisse’s Plunged by 55%
After the bank’s $3 billion “emergency rescue” of struggling local rival Credit Suisse, UBS shares enjoyed a stunning recovery Monday (March 20, 2023) afternoon, erasing…
Credit Suisse is Purchased by UBS for $3.2 Billion as Regulators Attempt to Strengthen the Global Banking Sector
On Sunday (March 19, 2023), UBS and Credit Suisse reached an agreement to merge for 3 billion Swiss francs ($3.2 billion), with Swiss authorities playing…
Asset-backed Security (ABS)
An asset-backed security (ABS) is a security in which the income payments and thus the value are derived from and collateralized (or “backed”) by a…
Collateralized Debt Obligation – a complex financial instrument
A collateralized debt obligation (CDO) is a complex financial instrument that pools together various types of debt securities, such as mortgages, bonds, and loans, and…
Value-added Tax (VAT)
A value-added tax (VAT) is a type of consumption tax that is typically applied to the sale of goods and services. It is a tax…
Sales Tax
Sales tax is a type of tax that is imposed on the sale of goods and services. It is a tax levied on the sale…
Gross Receipts Tax
Gross Receipts Tax (GRT) is a tax levied on the total revenue or gross receipts of a business. It is a tax levied on a…
Turnover Tax
Turnover tax is a tax that is based on the amount of business turnover or revenue generated by a business. It is usually a simplified…
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