The present market doesn't pay you enough to take risk credit risk, in the case of corporates; prepayment risk, in the case of mortgage passthroughs.
It will end speculation of Grexit, which impacts tourism in terms of prepayment [for holidays]," he added.
The more affirmative the answer to a question in the questionnaire (in the case of smoking, the more affirmative answer being "no"), the more likely the person was to choose the prepayment scheme; i.e., the higher the odds ratio.
Contrary to our expectation, poor countries and communities, i.e. groups with the greatest need for protection from financial catastrophe, receive the least level of support in the form of prepayment and risk-sharing.
In other countries, increases in revenues have come from a mix of prepayment mechanisms that, in addition to general taxation, include earmarked taxes, value-added taxes, payroll deductions, and (to a lesser extent) household premium contributions.
The high level of the catastrophic health expenditure may be associated with the low share of prepayment in national health expenditure, adequate availability of services and a high level of poverty in the country.
The introduction of prepayment schemes in such settings aims to meet several goals, often with the intention of crossing several hurdles with one leap.
Public financing, mainly through taxation or social health insurance or a combination of the two, is the dominant form of prepayment financing in countries that have achieved near universal coverage.
Mr. Lundmark buys pools that have been set up to minimize the risk of prepayment, giving up some yield in favor of stable cash flows.
