- 行业: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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A form of organization commonly used by foreign banks to enter the US market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. It is also the financial institution that issues ADRs to the general market.
Industry:Financial services
A means of compensating the broker of a program trade solely on the basis of commission established through bids submitted by various brokerage firms.
Industry:Financial services
The argument that specifies that the various agency costs create a complex environment in which total agency costs are at a minimum with some, but less than 100%, debt financing.
Industry:Financial services
The incremental costs of having an agent make decisions for a principal.
Industry:Financial services
A means of compensating the broker of a program trade using benchmark prices for issues to be traded in determining commissions or fees.
Industry:Financial services
Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Federal National Mortgage Association(Fannie Mae).
Industry:Financial services
Conflicts of interest among stockholders, bondholders, and managers.
Industry:Financial services
Securities issued by federally related institutions and U.S. government-sponsored entities. Such agencies were created to reduce borrowing costs for certain sectors of the economy, such as agriculture.
Industry:Financial services
The analysis of principal-agent relationships, in which one person, an agent, acts on behalf of another person, a principal.
Industry:Financial services