Financial law

Jabbar Announces the Launch of New Fintech Company Kambio Ventures

Retrieved on: 
Tuesday, July 24, 2018
E-commerce, Financial law, Structured finance, Souq.com, Asset-backed security, Finance, Economy

Jabbar, the renowned investor and prolific innovator is set to disrupt the financial services sector with the launch of Kambio Ventures, announced today.

Key Points: 
  • Jabbar, the renowned investor and prolific innovator is set to disrupt the financial services sector with the launch of Kambio Ventures, announced today.
  • Kambio Ventures is building a next-generation, blockchain-enabled and fully regulated marketplace for tokenised asset-backed securities.
  • The launch follows the recent and successful sale of Jabbar's portfolio company Souq.com to Amazon in late 2017 for more than USD 600 million.
  • Kambio Ventures will make the whole start-up investment journey simple, secure and instant.

DepositAccounts.com Releases 2018 Bank Fee Burden Ranking

Retrieved on: 
Wednesday, July 11, 2018
Economy, Financial services, Money, Debt, Financial law, Overdraft, Bank, Fee, LendingTree, ING Australia

CHARLOTTE, N.C., July 11, 2018 /PRNewswire/ -- DepositAccounts.com , a subsidiary of LendingTree, released its 2018 Bank Fee Burden Ranking on the places with the highest and lowest bank fees in the U.S.

Key Points: 
  • CHARLOTTE, N.C., July 11, 2018 /PRNewswire/ -- DepositAccounts.com , a subsidiary of LendingTree, released its 2018 Bank Fee Burden Ranking on the places with the highest and lowest bank fees in the U.S.
  • Key findings from the analysis:
    Florida has some of the highest bank fees overall with West Palm Beach, Orlando, Tampa and Miami receiving the highest Bank Fee Burden Scores.
  • Oklahoma City, Salt Lake City, Kansas City and St. Louis have some of the lowest fees in the country, with the lowest Bank Fee Burden Scores among the 50 metros DepositAccounts.com analyzed.
  • The average overdraft fee for credit unions ($29.22) was between the two, but it was closer to the online bank average than the brick-and-mortar bank average.

Introducing Fraction/al From the Founders of CoinLaunch

Retrieved on: 
Tuesday, July 10, 2018
Asset-backed security, Financial law, Structured finance

BRIDGETOWN, Barbados, July 10, 2018 /PRNewswire/ -- The founders of CoinLaunch have launched Fraction/al a new brandfocused on the creation, exchange and management of fractional high-value, illiquid assets usingblockchain technology.

Key Points: 
  • BRIDGETOWN, Barbados, July 10, 2018 /PRNewswire/ -- The founders of CoinLaunch have launched Fraction/al a new brandfocused on the creation, exchange and management of fractional high-value, illiquid assets usingblockchain technology.
  • Using their fully functioning platform, Fraction/al tokenizes existing asset-backedsecurities for partners and clients preparing them for public offering.
  • "The reality is that the majority of utility and security token offerings are nothing morethan a good idea and a white paper.
  • After seeing this up close over the past year, wecame to the conclusion that the greater opportunity isn't just in hypothetical businesses,but real-world assets."

Casey Quirk and McLagan Study Shows Growing Divide Between Winners and Losers in Asset Management

Retrieved on: 
Monday, July 9, 2018
Asset management, Management accounting, Valuation, Corporate finance, Financial law, Investment

It was only a few years before, between 2011 and 2013, when approximately 40 percent of asset management firms were able to grow profitably.

Key Points: 
  • It was only a few years before, between 2011 and 2013, when approximately 40 percent of asset management firms were able to grow profitably.
  • Profitable asset managers increased median margins by 35 percent over the past three years versus their competitors at 31 percent.
  • In addition, the best positioned asset managers are often able to charge a fee premium that their competitors cannot.
  • Casey Quirk says that the asset management industry will continue to bifurcate between winning firms growing profitably and those that will lose out by only increasing revenues and not profits or by experiencing revenue contraction.

modefinance Presents oplon, the New Platform for Risk Management

Retrieved on: 
Thursday, July 5, 2018
Economy, Basel II, Financial law, Financial services, Finance, Financial regulation, Loss given default, Probability of default, Financial risk, Credit rating agencies

oplon is the new predictive solution - developed for financial institutions, investments funds, corporates and Fintech companies - which provides tools and skills of a Rating Agency to a modular and web-based platform for the assessment of the counterparty insolvency risk and the management of the exposure portfolio.

Key Points: 
  • oplon is the new predictive solution - developed for financial institutions, investments funds, corporates and Fintech companies - which provides tools and skills of a Rating Agency to a modular and web-based platform for the assessment of the counterparty insolvency risk and the management of the exposure portfolio.
  • oplon features all risk management and assessment tools - like ratings, sensitivity and cashflow analysis, Probability of Default (PD), Expected Loss (EL), Loss Given Default (LGD), debt capacity, etc.
  • modefinance ( http://www.modefinance.com ) is an international Credit Rating Agency registered by European Securities and Markets Authority (ESMA).
  • Using the proprietary MORE methodology (Multi Objective Rating Evaluation),modefinance can provide ratings for over 250 million companies in over 200 countries throughout the world.

The Diderot Effect: Spending Wisely in the Face of a Consumer Culture With Ameritech Financial

Retrieved on: 
Friday, June 29, 2018
Economy, Money, Finance, Loans, Credit, Debt, Financial law, Denis Diderot, Diderot effect, Student loan

This situation, now known as the Diderot effect, can be especially detrimental to those who have debt, such as student loans.

Key Points: 
  • This situation, now known as the Diderot effect, can be especially detrimental to those who have debt, such as student loans.
  • Ameritech Financial, a document preparation company that assists borrowers with federal repayment plan applications, understands that the Diderot effect can propel a person into bad spending habits.
  • "Spending habits matter," began Tom Knickerbocker, Executive Vice President of Ameritech Financial, "and they're just that habits.
  • The consumer culture pushes people to buy, and buying power is what gives those people agency in the marketplace.

Conduent Announces a Cash Tender Offer for Outstanding 10.5% Senior Notes due 2024

Retrieved on: 
Friday, June 29, 2018
Financial law, Payment, Economy, Business, Law, Legal tender

(2) Included in the Total Consideration for Notes tendered and accepted for purchase at or prior to the Early Tender Deadline.

Key Points: 
  • (2) Included in the Total Consideration for Notes tendered and accepted for purchase at or prior to the Early Tender Deadline.
  • In addition, accrued and unpaid interest up to, but not including, the payment date of the Notes will be payable in cash on all validly tendered and accepted Notes.
  • Notes tendered and consents delivered pursuant to the Offer may be withdrawn at any time before the Early Tender Deadline.
  • Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.

Imagination TV Inc. Satisfies $50,000 in Creditor Debt From 2017

Retrieved on: 
Thursday, June 28, 2018
Economy, Financial law, Credit, Debt, South African law

Imagination TV Inc. (IMTV) is pleased to announce that in accordance with the terms of a Settlement Agreement with a creditor, it has fully satisfied Promissory Notes (the "Notes") representing $50,000.00 in creditor debt from 2017 (the "Debt").

Key Points: 
  • Imagination TV Inc. (IMTV) is pleased to announce that in accordance with the terms of a Settlement Agreement with a creditor, it has fully satisfied Promissory Notes (the "Notes") representing $50,000.00 in creditor debt from 2017 (the "Debt").
  • The Debt was satisfied with a discounted settlement amount, thereby eliminating any further contractual obligations under the Notes.
  • Juan Areco, CEO of Imagination TV commented, "We are pleased to have satisfied $50,000 of the Company's debt, which is all part of a continued effort and commitment in cleaning up our cap structure."
  • Imagination TV Inc. is a publicly traded online media and entertainment company with a focus on the Music & Live Event industries.

Olefin Derivatives: Global Markets to 2022

Retrieved on: 
Thursday, June 28, 2018
Mathematical finance, Derivative, Financial law, Wagering, Alkene, Compound annual growth rate, Growth rate

At the same time economic growth and increasing demand for olefin derivatives from plastics packaging industry is expected to drive the demand for olefin derivatives in the forecast period.

Key Points: 
  • At the same time economic growth and increasing demand for olefin derivatives from plastics packaging industry is expected to drive the demand for olefin derivatives in the forecast period.
  • The market for olefin derivatives reached a value of nearly REDACTED in 2017 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2022.
  • Asia-Pacific is the largest market for olefin derivatives, accounting for REDACTED of the global market.It was followed by North America and Western Europe.
  • China is the largest market in terms of value and in the olefin derivatives market.

Atlanticus Holdings Corporation Closes $100 Million Revolving Credit Facility with Credit Suisse to Support the Fortiva® Brand

Retrieved on: 
Tuesday, June 26, 2018
Finance, Money, Economy, Credit, Personal finance, Financial law, TowerBrook Capital Partners, Revolving credit, Line of credit, Credit card, Asset-backed security, Receivables

The new facility allows for a total of $190 million in committed debt capital (when combined with existing facilities) to fund our investments in Fortiva branded general-purpose credit card receivables.

Key Points: 
  • The new facility allows for a total of $190 million in committed debt capital (when combined with existing facilities) to fund our investments in Fortiva branded general-purpose credit card receivables.
  • Atlanticus Holdings Corporation (NASDAQ: ATLC) ("Atlanticus", "we", "our" or "us"), a technology enabled consumer finance company, today announced the closing of a$100 millionasset-backed, revolving credit facility with Credit Suisse AG, Cayman Islands Branch, a leading financial services provider.
  • The new facility allows for a total of $190 million in committed debt capital (when combined with existing facilities) to fund our investments in Fortiva branded general-purpose credit card receivables.
  • The revolving credit facility follows the closing of our previous $90 million revolving credit facility with TowerBrook Capital Partners L.P. ("TowerBrook"), a transatlantic investment management firm, provided by TowerBrook's Structured Opportunities Fund.