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Securities (Schuldverschreibungsgesetz). Furthermore, the work describes how the bond creditors shall have preferences of the …This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt …
Persistent link: https://www.econbiz.de/10010298959
An exploration of the raison d'être of Islamic Finance and the justification afforded to demonstrate its validity. Additionally the paper delves into the phenomenon that is Sukuk and examines its modus operandi from a Shariah compliance standpoint
Persistent link: https://www.econbiz.de/10013048842
not eliminated, through mandatory bonding that in the aggregate capitalizes a compensation fund. A bond would be minimally …
Persistent link: https://www.econbiz.de/10013039419
Sukuk issuances remain the most rapidly growing area of Islamic finance, a trend that shows no signs of abating in the near future. True private sector sukuk issuances - particularly rated issuances - and those outside the financial services (particularly the banking) area - are rare. Those that...
Persistent link: https://www.econbiz.de/10012995546
For multiple decades, activists have sought to institute an international legal regime that limits the ability of despotic governments to borrow money and then shift those obligations onto more democratic successor governments. Our goal in this article is to raise the possibility of an alternate...
Persistent link: https://www.econbiz.de/10012910990
, or maturity date-of a bond issue. In this Article, I show how the prohibition on a collective action clause inhibits a … protection. The bar on bond issue majority vote, collective action clauses should be repealed …
Persistent link: https://www.econbiz.de/10013006354
We examine the choice and the offer spreads between callable and non-callable bonds. We find significant differences by industry sector so our results are segmented by financial and non-financial industries. For the financial sector, the popularity of callable and non-callable bonds is...
Persistent link: https://www.econbiz.de/10013035874
“Safe assets” is a catch-all term for financial contracts that market participants treat as if they were risk-free. These may include government debt, AAA corporate debt, bank debt, and asset-backed securities, among others. The International Monetary Fund estimated potential safe assets at...
Persistent link: https://www.econbiz.de/10012982449
. Based on the bond contracts and other legal factors, it is not clear which of these two categories of bonds would fare …
Persistent link: https://www.econbiz.de/10012985927
After introducing some fundamental concepts of relevance to Islamic finance, this article describes investment funds used to make investments in the United States, lease (ijara) investment structures used for real estate investments in different jurisdictions (including the early development of...
Persistent link: https://www.econbiz.de/10013080821