This is template for assignment of accounts receivable with recourse. Accounts receivable is one of a series of accounting transactions dealing with the billing of customers who owe money to a person, company, or organization for goods and services that have been provided to the customer.
This paper explores the motivations and desirability of off-balance-sheet financing of credit card receivables by banks. It explore three related issues: the degree to which securitizations result in the transfer of risk out of the originating bank, the extent to which securitization permits banks to economize on capital by avoiding...
The present paper uses data from revolving credit card securitizations to show that, conditional on being in a position where implicit recourse has become necessary and actually providing that recourse, recourse to securitized debt may benefit short- and longterm stock returns, and long-term operating performance of sponsors. The paper suggests...
Atlantic Power Corporation (TSX: ATP.UN) ("Atlantic Power" or the "Company") announced today that it has agreed to indirectly acquire Auburndale Power Partners, Limited Partnership ("Auburndale"), which owns and operates a 155 MW natural gas-fired combined cycle cogeneration facility located in Polk County, Florida. The purchase price will be approximately US$134.5...
Commuter: Here's the scenario: I buy a car in California from a private party. They give me the title to the car. I, the buyer, take the car to a smog shop. The car does not pass the smog inspection. Do I have any recourse against the car seller? ...
I just read yet another long argument over whether spanking your children is OK, with the author pointing out that, while an occasional swat might be OK to get kids' attention, most adults can't stop there. Which makes sense. Like sometimes when I'm fighting an opponent...
Staging race under lights lets Europe watch in prime time and pleases sponsors In motor racing terms night races are nothing new, but from the Formula One perspective running the inaugural Singapore Grand Prix under floodlights will allow the commercial rights holder Bernie Ecclestone not just...
Staging race under lights lets Europe watch in prime time and pleases sponsors In motor racing terms night races are nothing new, but from the Formula One perspective running the inaugural Singapore Grand Prix under floodlights will allow the commercial rights holder Bernie Ecclestone not just...
Reverse mortgages have increased exponentially since 1990 when the Home Equity Conversion Mortgage program was first administered by the Department of Housing and Urban Development. However, many myths and misconceptions are still associated with reverse mortgages, said Ted Schlagenhauf, mortgage loan officer at Air Academy Federal Credit...
CHATTANOOGA, Tenn. -- CBL & Associates Properties, Inc. (NYSE: CBL) today announced $288.1 million of new financings as well as a commitment for a new $85.0 million term loan. These financings and commitment address all of CBL's remaining maturities for 2008. "We are pleased to successfully address all...
Hunt Gold Corporation (PINKSHEETS: HGLC) isnegotiating an initial US$5 million in financing to expedite itsexploration plans for its Mockingbird Gold Mine in Arizona. This LoanFacility may well, over time, be extended to amount of US$15 million as theexploration at the Mockingbird Gold Mine is substantially expanded. The Company will be...
IT'S ABOUT THEM: James W. Skillen of the Center for Public Justice has this perspective on the federal government's strategy for saving Fannie Mac and Freddie Mac, the nation's two large mortgage companies: "Americans believe so much in the free market that we approve of government keeping its hands off...
AUSTIN, Texas -- Equity Based Services, Inc. ("EBS") announced the purchase of a two-property Self Storage portfolio from Central Self Storage. This acquisition adds 1,563 storage units and 159,290 Net Rentable Square Feet ("NRSF") to the EBS portfolio of nearly 60 Self Storage facilities. The addition of Central Self Storage...
Notes Secured by Royalties on U.S. Sales of SANCTURAR and SANCTURA XRTM LEXINGTON, Mass., Aug. 26 /PRNewswire-FirstCall/ -- Indevus Pharmaceuticals, Inc. announced today that it has closed a private placement to institutional investors of $105.0 million of non-recourse notes (the "Notes"). The Notes are secured...
Ft. Lauderdale financial services company,Envision Capital, LLC, joins AJENE WATSON, LLC, a New York City financialservices firm, to increase service offerings and strengths to emergingpublic and private companies. The joint venture relationship will bringtogether the outstanding abilities of both firms. Ajene Watson, developerof the True Loan (a fully compliant non...
Grubb & Ellis' Capital Markets Group arranged a $14.6 million loan for West Bluff Plaza Shopping Center in Carlsbad. Just north of the La Costa Country Club, West Bluff Plaza is a 56,608-square-foot retail outlet at the northeast corner of El Camino Real and Alga Road. Tenants include Union Bank...
Get ready for GOP legislative leaders to take on the state's referendum law -- and a big fight with Democrats who vow to protect the current system. In November 2007, Utahns soundly rejected the GOP Legislature's private school voucher law in a voter referendum, 61-39 percent. It...
SANTA MONICA, Calif. -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust REIT, today announced that it has obtained a non-recourse $365 million term loan to refinance the bridge loan that was obtained in connection with the Company's acquisition of a six-office portfolio on March 26, 2008. This...
Punish legislators, not workers If Gov. Arnold Schwarzenegger wants to confront the inexcusable budget impasse, he should have called out the National Guard or the CHP, surrounded the Capitol and barricaded the members inside, allowing them only bread and water until an acceptable budget passed. ...
Telrex, provider of the award-winningCallRexTM suite of IP call recording and call center optimizationsolutions, today announced that CallRex call recording software has savedEvergreen Professional Recoveries tens of thousands of dollars, providing arapid return on investment. Telrex's call center optimization solutionclosed off gaps in agent training, compliance, and dispute resolution, ascalls...
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