The IDC deal consists of equity from Silver Lake and Warburg Pincus and debt financing by Bank of America Merrill Lynch, Barclays Bank, Credite Suisse Securities and UBS Investment Bank.
A major part of this consists of equity stakes in Turkish banks rather than in more dangerous intra-company loans or direct credit exposure.
This compensation consists of equity that Mr. Johnson accumulated over his 30-year career with Heinz and existing equity awards and contractual rights that were in place well before the announcement of the proposed merger.
TLAC consists of equity, subordinated debt, and long-term senior debt at the top-tier company level that is available to absorb the losses incurred at the operating subsidiary level.
Mr. Jenrette said one overlooked element of Equitable's financial strength is what he calls his "hidden equity" portfolio, which consists of equity stakes in leveraged buyouts that Mr. Jenrette estimates will produce some $1 billion over the next four to five years.
Other participants in the round, which consists of equity and debt financing, included Ant Financial (Alibaba Group's financial affiliate), Haofeng Group, Tianhe Capital and Junli Capital.
It is different from what is commonly known as a balanced portfolio, which would typically consists of equity and fixed income securities in a 60/40 split (either way).
That portfolio could consist of equities, bonds, derivatives or all of the above; one reason VaR became so popular is that it is the only commonly used risk measure that can be applied to just about any asset class.
But it is also true for those with private pension funds: these consist of equities and bonds which depend on workers to generate the income needed to pay dividends and interest.Indeed, one reason that corporate-pension funds are in deficit is that they have been raided on so many occasions to fund early-retirement programmes.
In 2011, the IFC reported total funding commitments (consisting of loans, equity, guarantees, and client risk management) of $12.18 billion, slightly lower than its $12.66 billion in commitments in 2010.
