Exact(18)
Our receivables are unbelievable.
Unlike mortgages, however, health care receivables are a dynamic, revolving pool of cash.
But after the current receivables are paid, WorldCom will not be able to raise money against future customer bills, executives involved in the financing said.
The rising receivables are "a little bit of a red flag," said Edward Ketz, an accounting professor at Pennsylvania State University.
"They started from the other end entirely, asking how can we create CDOs, backed by mortgage-backed securities, themselves backed by collateral with barely any history, and their stress tests assumed house prices would be stable and the loans in the pools uncorrelated," says Mr Borod.Encouragingly, credit-card receivables are still being bundled and sold.
90% of Meiloo's account receivables are resolved in sixty days.
Similar(42)
The contracts, or receivables, were the company's main source of income.
A sale and leaseback of property and securitisation of receivables were seen as ways to help cut debt.
Is someone staying on top of receivables, being careful about opening new accounts and making sure the existing ones are current?
In many cases, the company deliberately lent more to the facilities, many of which were owned by Mr. Poulsen, than their receivables were worth.
The only catch was that factoring reseller receivables was risky.
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