Photo by Stephen Dawson on Unsplash As financial managers of small and medium enterprises, we must consider different financial tools to meet the company’s growth and expansion needs. This article will analyze and compare several various financial instruments, including commercial paper, loans (including syndicated loans, project loans, and other commercial loans), corporate bonds, leasing companies,…
Photo by krakenimages on Unsplash What is AFGI? AFGI, which stands for Association of Financial Guaranty Insurers, is an association of financial guaranty insurers in the United States. It was founded in 1971 by companies such as Ambac and MBIA, starting with the guarantee of local government bonds in the United States, and has since…
Photo by Austin Distel on Unsplash SPV (Special Purpose Vehicle) is an independent entity that invests in asset portfolios. The asset classes typically invested in CDOs (Collateralized Debt Obligations) include corporate debt (such as loans or bonds) but are not limited to this. To raise funds for investing in the asset portfolio, the SPV borrows…
