Tag: 苏州 龙凤讨论

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FHLB – Not only for advances

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,James Lutter D. James (Jim) Lutter is the Senior Vice President of Trading and Operations at PMA Financial Network and PMA Securities where he oversees PMA Funding, a service of both companies … Web: pmafunding.com Details Liquidity, liquidity, liquidity; it’s one of the central themes of 2018.  As loan growth continues to expand, liquidity has returned to the spotlight.  Securing diversified sources though a well-defined liquidity plan is at the forefront of discussion. Instead of cannibalizing their local markets to raise funding, financial institutions look to institutional/wholesale sources and the FHLB for advances. However, an often overlooked opportunity is utilizing the FHLB to issue Letters of Credit (LOC) for the securitization of political subdivision deposits. Political subdivisions, or public entities, can be a consistent and stable source of deposits. They are funded through sales and property taxes, user fees and state and federal sources. Their funding cycles are consistent and repeated annually, regardless of the economic cycle. However, due to state statues and individual investment policies, balances in excess of the FDIC insured limits must be secured in order for a financial institution to participate in deposit opportunities. As an alternative to pledged securities, FHLB Letters of Credit can provide an efficient and acceptable form of collateralization for public unit deposits. An FHLB LOC provides many benefits over the use of pledged securities. A financial institution can expand its acceptable forms to include LOC’s, and furthermore, it frees up their security portfolio to be utilized for other liquidity needs. As a securitization method, FHLB LOCs are highly customizable; furthering their appeal to financial institutions and political subdivisions. The LOC can be issued on an individual basis or pooled. As a pooled source, the LOC is issued to a money manager/agent who, in turn, monitors the LOC’s usage and underlying deposits. The Letter of Credit amount can be issued as a fixed or a fluctuating balance. Also, to provide further flexibility, the terms on the LOCs can be written to a specific maturity date or incorporate evergreen language. As a form of collateralization, LOCs provide more flexibility and convenience than pledged securities. Perhaps the greatest advantage is the lack of need to monitor market values as the LOC is a direct obligation of the FHLB, and therefore is not subject to market fluctuations. Although there are many benefits to using an FHLB LOC, it is important to also examine concerns. Perhaps the largest drawback from utilizing an LOC is that it limits your ability to borrow from the FHLB. Also, LOCs are limited to certain types of depositors, but can be a great tool in seeking out political subdivision depositors. Letters of Credit are a highly customizable tool used to streamline and attract public unit depositors. By reducing the need to encumber securities, financial institutions can free up liquid assets to improve their liquidity ratios and mitigate the need to monitor market value fluctuations. As a securitization method, LOCs are a great option and can provide diversification from FHLB advances in your funding mix.Co-Author: Todd A. Terrazaslast_img read more

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Real Madrid sign Mario de Luis from Rayo Vallecano

first_img “I have to say goodbye to what has been my home for the past four seasons. Real Madrid have completed the signing of 18-year-old goalkeeper Mario de Luis from Rayo Vallecano, and the Spaniard will join Los Blancos’ U19 team at the start of the 2020/21 season. Mario de Luis De Luis had so impressed at Rayo Vallecano this term that he was close to being promoted to the senior team under Paco Jemez once football resumed after the COVID-19 pandemic. The player himself made his farewell to the club official on his social media pages on Tuesday afternoon. “Today is a difficult day for me,” he posted.Advertisement Loading…center_img Read Also: La Liga: Barcelona suffer title blow in Atletico Madrid draw “There are many memories, emotions and the images of everything I’ve lived with this club, Rayo has made me grow in every way and has given me values that I will always hold.” FacebookTwitterWhatsAppEmail分享 last_img read more

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Running back Carter charged with assault

first_img Facebook Twitter Google+ Syracuse University football player Delone Carter was charged with misdemeanor assault in connection with a physical altercation he had with an SU student on Feb. 27, said Deputy Chief Joe Cecile of the Syracuse Police Department.The charge was levied Wednesday after Carter and teammate Ryan Gillum were questioned by detectives regarding the matter, Cecile said. Gillum was not charged in the incident.The altercation happened on the 300 block of Waverly Avenue at roughly 1 a.m., Cecile said. A vehicle containing Carter and Gillum was struck by a snowball, and the SU running back responded by confronting a group of students nearby in front of Kimmel Hall.Cecile said he did not believe the students Carter confronted were the ones who threw the snowball at the vehicle.“A snowball was thrown at the vehicle, they came back to the scene, got out, there was a verbal confrontation between them and two other males — neither of which threw the snowball — and at some point Mr. Carter threw a punch at one of the other individuals,” Cecile said.Carter, Syracuse’s leading rusher and slated starter, struck SU student William Hotaling, Cecile said. Hotaling, a junior in the Martin J. Whitman School of Management, fell to the ground and hit his head, Cecile said. He was later treated for facial injuries.Hotaling declined to comment on the incident. “At this time I can’t really make any comments,” he said, “but as the facts come to light they’ll speak for themselves on the events of that night.”Cecile did not confirm the driver of the vehicle Carter was in, nor did he confirm when Carter is slated to appear in court. Calls to the Onondaga County District Attorney’s Office were not returned.Michael Vavonese, Gillum’s lawyer, said he is upset with the way police handled the investigation and questioning of his client. Vavonese said he told police he did not want them questioning his client, as he prefers police work with his client through him.Vavonese would not elaborate on his concern on how police handled the case. He stressed Gillum was not charged with or a suspect in the assault.“My client has never been charged with anything and has done nothing wrong,” Vavonese said.George Raus, Carter’s lawyer, said he believes Carter and Gillum’s civil rights were violated by the way police handled the matter.He said it is his understanding that Syracuse police detectives approached Carter and Gillum in the middle of Wednesday’s football practice and handcuffed them in front of their teammates without arresting them.“They carted them off to jail knowing they had attorneys and didn’t contact the attorneys,” Raus said. “It’s an obstruction of civil rights, and whoever that detective is should be fired.”Raus said he believes the approach was used as a form of intimidation and that he would not be surprised if it was used to get Gillum to implicate Carter in the assault.Raus was not contacted by police to be told they had his client until 10 p.m., approximately seven hours after Carter and Gillum were taken in, at which point Raus expressed his anger and was hung up on, he said. Carter and Gillum would not have needed to explicitly request their lawyers to the police for the lawyers to be contacted, Raus said, as the police already knew they were being represented and were told not to question them without a lawyer.Raus plans to pursue repercussions for the police but has not yet decided an appropriate place or form, he said.Raus could not provide any more information as he said he has not met with his client since the incident and has not reviewed police reports. He said he believes Carter’s court date is in May but did not know the exact date.Carter and Gillum did not participate in Syracuse’s Spring Game, which took place Saturday at the Carrier Dome.SU head coach Doug Marrone said the two have been suspended for the spring — which ended Saturday — but will not give out any further information.“I just want everyone to know that I’ve been consistent in the past of not divulging anything for the team violations,” Marrone said. “They’ve just been suspended for that. As of right now, they have just been suspended for the spring.” Comments Published on April 18, 2010 at 12:00 pmlast_img read more

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