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In the end, Enron failed to persuade investors and traders that its odd financing transactions, which included off-balance sheet operations that seem to have been created to keep losses and debts off the parent company's balance sheet, were not a threat to the company's financial viability.
By conducting balance sheet operations, the NBU effectively provided a "monetary stimulus" to the economy.
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And one of the interesting things is that it really is, in effect, the biggest off-balance sheet operation going.
These balance-sheet operations, on top of the rock-bottom interest rates, have had an extremely stimulative effect, amounting to the theoretical equivalent of a Fed benchmark interest rate of approximately negative 4 percent, according to Thomas Lam, an economist at the OSK-DMG Group in Singapore.
Non-bank entities and banks' off-balance-sheet operations catered to the surge in the demand for credit, as they faced less stringent limits on reserve requirements and enjoyed higher flexibility of pricing on both the funding and lending sides.
It comprises six modules to impart expert advices to the user for identifying sheet metal operations, sequencing of operations, selection of proper piloting scheme, number of stations, staging of operations on progressive die and selection of proper dimensions of stock strip.
The system provides intelligent advice on the optimal process plan for sheet metal operations.
The system helps select an optimal process plan for sheet metal operations.
A new process control design algorithm for sheet stamping operations using a database was developed in order to provide design engineers with an easy and suitable method of designing the process control rules.
A system of laboratory tests has been developed to study the lubricant performance under the very varied conditions appearing in different sheet forming operations such as stretch forming, deep drawing, ironing and punching.
Vikram S. Pandit, Citigroup's chief executive, has been forging ahead with plans to streamline the bank's balance sheet and operations.
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