For example, we have a pretty good understanding of bank runs; extending that framework to shadow banking requires little more than the understanding that repo and other kinds of short-maturity obligations are, from an economic point of view, more or less equivalent to deposits.
The size and maturity of these new obligations are not disclosed.
It then locked in the surplus by buying high-grade corporate bonds, carefully matching the durations to the maturity of Boots's obligations to its retirees.
The entire experience is about learning how to balance your time, meet your obligations, gain maturity, and take responsibility for your actions.
To create a barbell bond portfolio, you buy obligations with maturities clustered at the two extremes of the yield curve long and very short, usually a 50-50 splitoto start.
New York City's Tobacco Flexible Amortization Bonds (TFABs), underwritten by Salomon Smith Barney, have rated maturities running from 1 year to 39. Against a New York City general obligation bond maturing with the rated maturity date of the tobacco bond, the tobacco returns don't measure up.
While Dubai World might sell assets to meet its new obligations, the longer debt maturities could give the company time to stabilize, as its assets' values recover.
The long bond allows them to match long-term maturities with their very long-term obligations.
But Sony has less on the line than the Weinstein Company, which in June hired Miller Buckfire, a financial consultant, to help restructure its debt, as about $500 million in obligations work their way toward maturity in 2014.
But for Greece, the drawback of owing so much money to Europe and the I.M.F., even at lower interest rates and longer maturities, is that the obligation will always be there.
In these models firms can default on its debt obligation only at the time of maturity.
