FCAT

KBRA Assigns Preliminary Ratings to Flagship Credit Auto Trust 2024-1

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Finance, FCAT, FC, Class, ABS, KBRA

KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2024-1 (“FCAT 2024-1”), an asset-backed securitization collateralized by a pool of auto loans.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2024-1 (“FCAT 2024-1”), an asset-backed securitization collateralized by a pool of auto loans.
  • The transaction has initial hard credit enhancement levels of 40.60% for the Class A Notes through 4.60% for the Class E Notes.
  • FCAT 2024-1 represents the first term ABS securitization in 2024 for FC HoldCo LLC, the parent company of Flagship Credit Acceptance LLC (“Flagship”) and CarFinance Capital LLC.
  • The underlying auto loans supporting FCAT 2024-1 were originated by Flagship and CarFinance Capital LLC and are serviced by Flagship.

KBRA Assigns Ratings to Flagship Credit Auto Trust 2023-3

Retrieved on: 
Thursday, August 17, 2023
Banking, Professional Services, Finance, KBRA, FCAT, Subordination, ABS, FC, Class, Insurance, Security (finance), Telescopic sight, Flagship

KBRA assigns ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-3 (“FCAT 2023-3”), an asset-backed securitization collateralized by a pool of auto loans.

Key Points: 
  • KBRA assigns ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-3 (“FCAT 2023-3”), an asset-backed securitization collateralized by a pool of auto loans.
  • The transaction has initial hard credit enhancement levels of 36.45% for the Class A Notes through 1.50% for the Class E Notes.
  • FCAT 2023-3 represents the third term ABS securitization in 2023 for FC HoldCo LLC, the parent company of Flagship Credit Acceptance LLC (“Flagship” or the “Company”) and CarFinance Capital LLC.
  • The underlying auto loans supporting FCAT 2023-3 were originated by Flagship and CarFinance Capital LLC and are serviced by Flagship.

KBRA Assigns Preliminary Ratings to Flagship Credit Auto Trust 2023-3

Retrieved on: 
Wednesday, August 2, 2023
Professional Services, Finance, KBRA, FCAT, ABS, FC, Class, Insurance, Security (finance), Telescopic sight, Flagship

KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-3 (“FCAT 2023-3”), an asset-backed securitization collateralized by a pool of auto loans.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-3 (“FCAT 2023-3”), an asset-backed securitization collateralized by a pool of auto loans.
  • The transaction has initial hard credit enhancement levels of 36.45% for the Class A Notes through 1.50% for the Class E Notes.
  • FCAT 2023-3 represents the third term ABS securitization in 2023 for FC HoldCo LLC, the parent company of Flagship Credit Acceptance LLC (“Flagship” or the “Company”) and CarFinance Capital LLC.
  • The underlying auto loans supporting FCAT 2023-3 were originated by Flagship and CarFinance Capital LLC and are serviced by Flagship.

IonQ Announces First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023
Networks, Data Management, Other Technology, Technology, Software, Cognition, Partnership, Engineering, Bank statement, Forte, Telephone, FCAT, Entropy, Intelligence, GAAP, Science, Research and development, Monte Carlo, Running, EBITDA, Quantum Monte Carlo, BearingPoint, Investment, Algorithm, Webcast, Depreciation, NYSE, Cryptocurrency, Video game, Bank, Marble, Research, IonQ

IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended March 31, 2023.

Key Points: 
  • IonQ (NYSE: IONQ), a leader in the quantum computing industry, today announced financial results for the quarter ended March 31, 2023.
  • For the second quarter of 2023, IonQ is expecting revenue of between $4.1 million and $4.5 million.
  • IonQ will host a conference call today at 4:30 p.m. Eastern time to review the Company’s financial results for the first quarter ended March 31, 2023 and to provide a business update.
  • To supplement IonQ’s condensed consolidated financial statements presented in accordance with GAAP, IonQ uses non-GAAP measures of certain components of financial performance.

IonQ and Fidelity Center for Applied Technology Announce Development of Scalable Quantum State Preparation for Monte Carlo Algorithms

Retrieved on: 
Thursday, May 4, 2023
Finance, Hardware, Accounting, Professional Services, Technology, APS, Workflow, FCAT, Risk management, Research, Hyundai Motor Company, Science and technology in Asia, Science, NISQ, Monte Carlo, American Physical Society, GE Research, Algorithm, Engineering, Dell Technologies, Applied Technology, News, NYSE, Airbus, IonQ

The first-of-its-kind state preparation technique is scalable and has been demonstrated on IonQ hardware for up to 20 qubits.

Key Points: 
  • The first-of-its-kind state preparation technique is scalable and has been demonstrated on IonQ hardware for up to 20 qubits.
  • State preparation is a necessary component of many quantum algorithms and is fundamental in expediting Monte Carlo methods, which use randomness to simulate outcomes of complex problems.
  • IonQ and FCAT believe that when run on large and accurate quantum computers, this state preparation technique will help these institutions achieve faster results.
  • “The Fidelity Center for Applied Technology team were early believers in the power of quantum to reshape the field of finance, and we are pleased to announce the development of a first-of-its-kind state preparation technique with them,” said Peter Chapman, CEO, IonQ.

IonQ to Present Research On Quantum Cognition Models & A New Efficient Quantum Encoding Method for Data from Gaussian Distributions at Q2B Paris 2023

Retrieved on: 
Wednesday, May 3, 2023
Technology, Other Technology, Professional Services, Software, Internet, Hardware, Data Analytics, Data Management, Artificial Intelligence, Psychology, Senior, Engineering, FCAT, Quantum computing, Cognition, Monte Carlo, Algorithm, GTM, NYSE, Microscope, IonQ

IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced its participation at Q2B Paris.

Key Points: 
  • IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced its participation at Q2B Paris.
  • The multi-day event will take place in Paris, France on May 3-4, 2023.
  • The session, titled “Quantum Data Loading on IonQ Quantum Computers,” will showcase a new method for quantum data encoding that facilitates speedups in quantum Monte Carlo sampling methods, which have many interesting potential use cases in the finance industry.
  • This new quantum data encoding procedure is efficient and accurate and an important step in quantum state preparation for many other quantum algorithms.

KBRA Assigns Preliminary Ratings to Flagship Credit Auto Trust 2023-2

Retrieved on: 
Monday, April 24, 2023
Banking, Professional Services, Finance, KBRA, FCAT, ABS, FC, Class, Insurance, Security (finance), Telescopic sight, Flagship

KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-2 (“FCAT 2023-2”), an asset-backed securitization collateralized by a pool of auto loans.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-2 (“FCAT 2023-2”), an asset-backed securitization collateralized by a pool of auto loans.
  • The transaction has initial hard credit enhancement levels of 37.15% for the Class A Notes through 1.50% for the Class E Notes.
  • Credit enhancement consists of excess spread, overcollateralization, subordination (except for the Class E Notes) and a reserve account funded at closing.
  • The underlying loans in the FCAT 2023-2 were originated by Flagship Credit Acceptance LLC (“Flagship” or the “Company”) and CarFinance Capital LLC (“CarFinance”) and are serviced by Flagship.

KBRA Assigns Preliminary Ratings to Flagship Credit Auto Trust 2023-1

Retrieved on: 
Wednesday, January 25, 2023
Professional Services, Automotive, Other Automotive, Insurance, Finance, Banking, FCAT, FC, KBRA, ABS, Class, Security (finance), Telescopic sight, Flagship

KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-1 (“FCAT 2023-1”), an asset-backed securitization collateralized by a pool of auto loans.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (seven tranches) issued by Flagship Credit Auto Trust 2023-1 (“FCAT 2023-1”), an asset-backed securitization collateralized by a pool of auto loans.
  • The transaction has initial hard credit enhancement levels of 37.15% for the Class A Notes through 2.75% for the Class E Notes.
  • Credit enhancement consists of excess spread, overcollateralization, subordination (except for the Class E Notes) and a reserve account funded at closing.
  • The underlying loans in the FCAT 2023-1 were originated by Flagship Credit Acceptance LLC (“Flagship” or the “Company”) and CarFinance Capital LLC (“CarFinance”) and are serviced by Flagship.

Fidelity Charitable® Announces Philanthropic NFT Collection “Art of Generosity,” Engaging the Blockchain Community in Giving

Retrieved on: 
Wednesday, November 16, 2022
Professional Services, Philanthropy, Blockchain, NFT, Technology, Other Philanthropy, Web3, FCAT, Human, Fidelity, Blockchain, Metadata, Promotion, Collection, NFT, Research, Organic, Web3, Illustrator, Motion, Generosity, History, Movement, Cryptocurrency, Cassette tape, Professional Services, Philanthropy, Blockchain, NFT, Technology, Other Philanthropy, Web3

This philanthropic collection is the latest example of Fidelity Charitables continued commitment to innovation in giving.

Key Points: 
  • This philanthropic collection is the latest example of Fidelity Charitables continued commitment to innovation in giving.
  • In total, the project will result in $50,000 of support to charities by Fidelity Charitable to community-selected charities, and the minting will be completely free.
  • For its entire history, Fidelity Charitable has been an innovator to grow giving, from pioneering the use of donor-advised funds to eliminating the minimum to set up a Giving Accountall to democratize access to giving.
  • "Fidelity Charitable has been a leader and innovator in connecting blockchain to philanthropy, said Adam Schouela, head of emerging technology at the Fidelity Center for Applied Technology.

Fidelity Digital AssetsSM Research Finds Increased Adoption of Digital Assets Among Institutional Investors in U.S. and Europe

Retrieved on: 
Thursday, October 27, 2022
Professional Services, Technology, Other Technology, Finance, Software, Digital Cash Management, Digital Assets, Transfer, Ether, Time, Asset, LLC, Digital, Person, NMLS, Ecosystem, Fidelity, Fidelity Investments, Investment, Solution, Money laundering, Adoption, Industry, Finance, Association, Financial Services Compensation Scheme, FCAT, Strategic Insights, Institutionalisation, Financial Ombudsman Service, Education, ETF, Research, FMR, Weather, Appetite, Pension, Foundation, Perception, View, Ownership, Cryptocurrency, Financial services, Financial adviser

Nearly six-in-10 (58%) institutional investors surveyed in the fourth annual Fidelity Digital AssetsSM Institutional Investor Digital Assets Study were invested in digital assets in the first half of 2022, a six-point increase year-over-year.

Key Points: 
  • Nearly six-in-10 (58%) institutional investors surveyed in the fourth annual Fidelity Digital AssetsSM Institutional Investor Digital Assets Study were invested in digital assets in the first half of 2022, a six-point increase year-over-year.
  • While turbulent market conditions may have impacted some institutional investors impression of digital assets, the trend points to continued interest in the digital assets space overall.
  • While the findings show continued interest and exploration in digital assets, institutional investors not yet invested in digital assets see several barriers to adoption.
  • Fidelity Digital Assets and the Fidelity Digital Assets logo are service marks of FMR LLC.