t******t
发帖数: 40 | 1 1 I suggest you following the housing market a little bit.
2 At least you know what are the subprime, Alta and prime.
3 Price levels for typical deals may be too harsh for you. See if you can
get the information.
4 Risk is always the central issue. Especially for subprime desks now.
5 Deal structure and cashflow models. Don’t have to be detailed. Just have
them feel you're not totally ignorant. |
|
s***y
发帖数: 357 | 2 你如果用WACC discount 那么就一定要算股权和债权两部分的cashflow |
|
c*********n
发帖数: 128 | 3 Nothing wrong about CDS rate>1 at all.
It's the default intensity that relates to the CDS rate, not the default
prob.
The default intensity could be way above 1.
Say if you know Greece will default for sure within 3m, and the recovery
value is 0, then theoretically the CDS rate should be > 400%.
Or think it this way, if the CDS rate is 100%, and default happens at 3m
with prob 1, then seller pays the buyer the Notional (assuming 0 recovery),
and the buyer pays the seller the accrued coupon, whic... 阅读全帖 |
|
k****1
发帖数: 133 | 4 工科背景小硕，两年经验 credit risk, mortgage方面。现有三个offer，求指点职业
发展。
1. 被中介派到Dc附近 一家GSE的 capital market 部门下，做mbs cmo 等mortgage
derivertive的valuation, risk系统的qa testing, 能接触到bond, swaps,interest
rate等。说是long term contract 有至少一年。
2。东北小城 一家国际银行full time 做Basel 3, economic capital, stress
testing 主要whole loan portfolio,不会用太复杂模型。
3 中西部，一家大银行的mortgage部门，full time 做simulation engine,研发工作，
做一个利率等对mortgage portfolio cashflow 影响的 应用，msr方面的。他们不卖
Portfolio 一般自己keep.
我的目的 就是多学东西，做有趣的项目，请大家给点意见。谢谢。 |
|
r*******m
发帖数: 109 | 5 Hi, I work at Risk Team in stamford based company. We have two opening in
the team. One senior and one slightly junior. If you are interested, contact
me at c******[email protected].
Please dont delete.
Job Description:
Develop new and efficient processes to run multiple scenarios analysis and
stress testings on a regular rhythm interacting with internal stakeholders.
Develop new methodologies for generating cashflow projections consistent
with analysts’ views on upside, baseline and downside scenario... 阅读全帖 |
|
Y******u
发帖数: 1912 | 6 问一下大家key rate duration的standard是shock par curve还是shock zero curve?
bloomberg做法是shock par curve，但这样在重新bootstrap zero curve和
interpolate的时候会有可能降低adjecent spot rates，如果正好有cashflow在那里，
就可能得出negative key rate duration，有点counter-intuitive
我们之前的做法是直接shock zero curve，比如key rate tenor 1,2,5,10 years, 要
shock 2 year的时候把1-5 years中间的spot rate全部shock，shock size根据每个点
到2 year的距离，这样的结果是guarantee positive，sum也等于duration
不知道业界标准是怎么做？ |
|
Y******u
发帖数: 1912 | 7 问一下大家key rate duration的standard是shock par curve还是shock zero curve?
bloomberg做法是shock par curve，但这样在重新bootstrap zero curve和
interpolate的时候会有可能降低adjecent spot rates，如果正好有cashflow在那里，
就可能得出negative key rate duration，有点counter-intuitive
我们之前的做法是直接shock zero curve，比如key rate tenor 1,2,5,10 years, 要
shock 2 year的时候把1-5 years中间的spot rate全部shock，shock size根据每个点
到2 year的距离，这样的结果是guarantee positive，sum也等于duration
不知道业界标准是怎么做？ |
|
K******C
发帖数: 230 | 8 MBS industrial standard is using Swap curve (par curve) as bench mark. So PM
usually hedge the MBS bond with swaption for ir risk. KRDs from shock par
curve can have a direct risk related to certain instrument on swap curve.
Right now , I think it is widely used as "wave method" as opposed to shock
curve (tent method).
果正好有cashflow在那里，
This is really not a problem, since discounting cash flow using "zcb".
From my experience, shock zero and par make less differences. The most
important thing is a... 阅读全帖 |
|
j********5
发帖数: 281 | 9 分别是:
NASDAQ - ALL MARKETS
NASDAQ CAPITAL MARKET
NASDAQ/NGS (GLOBAL SELECT MARKET)
NASDAQ/NMS (GLOBAL MARKET)
不同的市场对应stockholder的CAP要求和COMPANY的pre-tax earning,cashflow要求不
一样.
不谢 |
|
Y******u
发帖数: 1912 | 10 我在buyside，大部分时候就用一下linear regression和PCA，如果bond/cds cashflow
那些不算model的话
楼上好多人说的中英文我都看不懂。。。 |
|
p****u
发帖数: 2596 | 11 飘过，７年前开始看PCA，间间断断的，到现在也没有明白PCA怎么回事情。 :(
cashflow |
|
r*******y
发帖数: 290 | 12 ALLL uses regulatory formula, BS forecasting most likely uses simple excel
models or cashflow models
sheet |
|
a*****3
发帖数: 601 | 13 好像也不少见。 data QC 用sas. 做计算(bond,cashflow,etc)往往有其它专门的软件
（alpha, moses,delphi,orbit,etc）. 也可以到quant版问。 |
|
C******w
发帖数: 23 | 14 【 以下文字转载自 board 讨论区 】
【 原文由 CashFlow 所发表 】
如题。原因：无法联系上xiaoyequ，且久疏板务。 |
|
z*********e
发帖数: 10149 | 15 长期，稳定的cashflow，跟天降横财不是一回事 |
|
W**********g
发帖数: 3340 | 16 严格说这个不叫以租养房，而应该是省钱还贷。自己不住7000-8000的房子，而去租200
0的，省下来5000.如果他是去年新买的房子就没这么爽了。
总之不要被这些所谓的概念所迷惑，要看cashflow，因为他是100万的房子才可以每个月
省掉的5000块钱够还房贷。现在的住宅实际租金年收益也不过3%或多一点，甚至可能不
如一年期定期存款利率3.5%，照这么算这个房子现在要卖300多万，月供要1万多可能接
近2万，这时候买来的房子这样干就只能省5000块钱而已，恐怕是养不了房了。 |
|
y*****l
发帖数: 5997 | 17 2011年的炒股方向： 坚定不移地站在牛军一边
来源: fa_fa_fa_fa 于 2011-01-02 18:07:46
牛军的武器：
1. Economy keeps strong grow: GDP: ~ 3%
(From "Economic rebound forecast for 2011"
http://seattletimes.nwsource.com/html/businesstechnology/201374
2. Interest Rate: Still at 0.25%
Low interest rate is good for consumer spending and housing market;
3. SP500 Earning/per share: $94 to $100;
http://www.option668.com/dnldarea/
SP500_EPS_20101231.XLS
4. Companies' Cashflow: $1.93 trillion:
M&A action picks up and should continue and ... 阅读全帖 |
|
L****a
发帖数: 572 | 18 It might be a defensive action. I think TSL's managers are good.
They are very well prepared. Several months ago, they said they
were expanding capacities, but they will keep wafer capacity
unchanged, which I also consider a defensive play.
I think TSL's action also contriuted to the bearish sentiment.
Just imagine, if a very solid company with strong cashflow still
needs to raise captital to prepare for the future, what does that
mean ? |
|
y****o
发帖数: 329 | 19 这个公司是手机运营商，业务应该是挺稳定的吧（因为我们也不是他公司员工，所以太
具体的也说不上来）。他们遇到的很大的对手，就是sprint推出的，boost mobile吧，
好像50块包月，什么都包，所以一下拉了很多客户。你们说的这些文章，我也在网上找
来看了。
总体觉得公司没问题，今天的价位很有可能是做空+恐慌性抛售造成的。
突然下了这么多，从技术层面，是没法分析，不知道谁有经验。
我们从自己的经验看，现在market cap只有3.16B，但实际上他们现有6.5million的用
户，再加上cashflow什么的，觉得不止这个价，但有多快能起来，也要看大盘这段时间
的走势了。我自己是买了，不行就放长线了。 |
|
P*****s
发帖数: 2619 | 20 March 7 Looms Large for Sirius XM and Liberty Media
Once on the verge of bankruptcy, Sirius XM (SIRI) was given a lifeline
by Liberty Media (LCAPA), who provided liquidity via $530 million in
loans and preferred stock, convertible into 40% of Sirius stock --
effectively giving Liberty Media 40% equity in the company and the
right to appoint 40% of Sirius' board seats.
That deal, which closed on March 6, 2009, came with three main
restrictions.
Hedging restrictions: Liberty Media could no... 阅读全帖 |
|
P*****s
发帖数: 2619 | 21 March 7 Looms Large for Sirius XM and Liberty Media
Once on the verge of bankruptcy, Sirius XM (SIRI) was given a lifeline
by Liberty Media (LCAPA), who provided liquidity via $530 million in
loans and preferred stock, convertible into 40% of Sirius stock --
effectively giving Liberty Media 40% equity in the company and the
right to appoint 40% of Sirius' board seats.
That deal, which closed on March 6, 2009, came with three main
restrictions.
Hedging restrictions: Liberty Media could no... 阅读全帖 |
|
y*****l
发帖数: 5997 | 22 【 以下文字转载自 Stockcafeteria 俱乐部 】
发信人: yaokarl (大象), 信区: Stockcafeteria
标 题: 大千股坛：2011年的炒股方向： 坚定不移地站在牛军一边
发信站: BBS 未名空间站 (Sun Feb 27 14:54:03 2011, 美东)
2011年的炒股方向： 坚定不移地站在牛军一边
来源: fa_fa_fa_fa 于 2011-01-02 18:07:46
牛军的武器：
1. Economy keeps strong grow: GDP: ~ 3%
(From "Economic rebound forecast for 2011"
http://seattletimes.nwsource.com/html/businesstechnology/201374
2. Interest Rate: Still at 0.25%
Low interest rate is good for consumer spending and housing market;
3. SP500 Earning/per share: $94 t... 阅读全帖 |
|
y*****l
发帖数: 5997 | 23 【 以下文字转载自 Stockcafeteria 俱乐部 】
发信人: yaokarl (大象), 信区: Stockcafeteria
标 题: 大千股坛：2011年的炒股方向： 坚定不移地站在牛军一边
发信站: BBS 未名空间站 (Sun Feb 27 14:54:03 2011, 美东)
2011年的炒股方向： 坚定不移地站在牛军一边
来源: fa_fa_fa_fa 于 2011-01-02 18:07:46
牛军的武器：
1. Economy keeps strong grow: GDP: ~ 3%
(From "Economic rebound forecast for 2011"
http://seattletimes.nwsource.com/html/businesstechnology/201374
2. Interest Rate: Still at 0.25%
Low interest rate is good for consumer spending and housing market;
3. SP500 Earning/per share: $94 t... 阅读全帖 |
|
