Tag Archives: 2012

Thetica Systems Demonstrates Enhanced Data Integration Tools at ASF 2012

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New York, NY (PRWEB) January 17, 2012

Traders, investors and ABS market participants at the upcoming ASF 2012 convention will be able to test drive the fastest system available for ABS data integration between multiple internal and external deal and loan-level data providers. System users benefit from full transparency on their ABS, CDO, CLO, CMBS and RMBS investments, accessing a single, very efficient data repository for information from many sources.

Thetica Systems is proud to participate in ASF 2012, the largest capital markets conference in the world with over 4500 registrants, where the most relevant topics and challenges relating to the securitization industry will be addressed.

“Structured finance market participants need systems that provide transparency and drilling depth into securities, as well as tools to enable them to apply their own opinion to these securities,” said CEO Ariel Yankilevich. “They no longer have to waste precious time and money waiting for data, or tie up computing resources for hours to get vital information. ABS Trader Tools integrates a wide variety of data providers seamlessly, providing bond analytics at lightning speed.”

Thetica Systems’ ABS Trader Tools is a high performance suite of tools that boosts productivity for ABS, CMBS, CLO, CDO and CDS traders and analysts. Recent enhancements include:

ReREMIC support: automatic selection of scenarios, ability to run child deal at both deal and group level, system can run CLOs (including setting Reinvestment Profile rules) and CMBS at asset level.
CLO support: ability to enter assumptions for each asset class and accurate handling of re-investment criteria.
CMBS support: easy search for assets by criteria and full integration between vector functions and bond analytics.
Portfolio support: yields for multiple scenarios and stress analysis and enhanced price-yield grids.
Screener functionality: access to the entire US RMBS universe to screen by analytical values, aggregate metrics, and other characteristics.

Those interested in scheduling a live demonstration online or on-site should contact 727-724-4182 or visit Thetica Systems for more information.

Thetica – from the Greek letter “theta” which means Thought, Life Force and Reason and the word “etica” which means Ethics. Thought, reason and ethics are essential elements of any successful business and commitment to this concept is embedded in the company’s name. Three companies now operate under the Thetica brand.

About Thetica Systems: As Wall Street securitization pioneers, Thetica Systems understands the needs of ABS market participants. Its clients include investment banks, hedge funds, capital management, brokers, dealers, and others that invest in or monitor structured finance securities, with users from traders and trading desks, research and product controllers to risk managers, regulatory reporting and IT. Thetica Systems serves a wide variety of financial firms involved in the securitization markets including investment banks, hedge funds, and broker/dealers.

About Thetica Solutions: With state-of-the-art proprietary software, Thetica ABS Analytics, and over 25 years of experience on Wall Street, Thetica Solutions offers expertise in regulatory capital and litigation support.

About Thetica: A team of highly trained and experienced software consultants focused on rapidly delivering customized data solutions to trading professionals in relation to RMBS, ABS (cash and synthetics) and other financial markets. Thetica expands and enriches its clients business opportunities with a wide variety of customized solutions.

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SFG Finance Announces 2012 Broker Incentive Contest

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(PRWEB) January 23, 2012

SFG Finance (http://www.sfgfinance.com), an active purchaser of auto finance receivables, today announced the launch of its 2012 Broker Incentive Contest.

Phase One of the contest runs from January 1 to June 30, 2012. The first place prize will be awarded to the broker with the highest dollar amount funded between January 1 and June 30, 2012. The winner will receive a 7-day trip for two to Hawaii, or a Caribbean Cruise. The prize includes air fare, hotel or cruise package, and $ 1,000.00 in spending money.

Phase Two of the contest is for the Broker of Year, and runs from January 1, 2012, through the end of the year December 31, 2012. The Grand Prize will be awarded to the broker with the highest dollar amount funded for 2012. The winner will receive the choice of a 10-day trip for two to Hawaii or a cruise to Europe. The Grand Prize includes air fare, hotel or cruise package, and $ 2,000.00 in spending money.

Our brokers have been an integral part of our record growth in 2011. We look forward to even more expansion in 2012, and our brokers play a major role in helping us achieve that goal. For that reason, we want to thank our brokers for the valued services that they have provided to us over the past several years, and offer them this exciting contest said SFG Finance COO Henry Gonzalez.

SFG Finance recently launched a nationwide program to purchase existing near prime, subprime, and BHPH auto loan portfolios from franchised and independent auto dealers, as well as finance companies. Portfolio sizes range from $ 500,000 to $ 150 million, servicing released; all portfolios are held on balance sheet and serviced internally.

The program is highly efficient with a 7-10 day total turnaround from analysis to closing, and will target accounts with as little as 30 day seasoning. Since the inception SFG Finance has actively purchased and closed portfolios from dealers and finance companies in more than 30 states.

Funding is made possible by SFGs parent bank, with the added advantage of no need to securitize plus a more stable cost of funds. SFG Finance offers complete transparency and up-front pricing based its superior analytics. A due diligence team will evaluate all loans to maximize selling dealers return without interrupting the dealerships existing business, ensuring a seamless transition.

About SFG Finance:

SFG Finances tagline is: Turning Paper into Profit One Relationship at a Time. The company is an active purchaser of auto finance receivables and its executive management team has over 75 years of combined industry experience. It is a wholly owned affiliate of Southside Bank, one of the nations largest independent banks with $ 3.2 Billion in assets. SFG Finance buys sub-prime through near prime auto paper, servicing released, from banks, credit unions, auto dealers, and other financial institutions nationwide. The companys aggressive pricing and experience across all credit spectrums make it an industry leader. For more information visit: http://www.sfgfinance.com or call: 866-590-7734.

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Report Details to Enhanced Appetite for Distressed Business True Estate Supported by Low Borrowing Costs in 2012 and 2013 CMBS Delinquency Charge Falls Below ten%

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San Francisco, CA (PRWEB) Oct 23, 2012

There is a alter in the U.S. professional mortgage loan-backed securities (CMBS) sector. The U.S. CMBS Delinquency Report, launched by the New York-based research and consulting firm Trepp, indicates that the distressed business genuine estate business is in fairly greater well being.”The CMBS market place is on its firmest footing in 4 a long time,” explained Manus Clancy, senior taking care of director of Trepp. In truth, the delinquency charge for CMBS loans fell fourteen foundation factors to nine.99% in September. This delivers the price below 10% for the 1st time since April.

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The Trepp report claims that CMBS issuance amounts rose, and delinquency stages have contracted. Trepp, LLC, is a top provider of information, analytics and technologies to the CMBS, business real estate and banking markets,

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Even so, undesirable personal debt and matured financial loans nonetheless linger, and need to have to be cleared out of the method or be reworked. Trepp studies that there ended up all around $ 3.three billion of freshly delinquent loans in September. The addition of these financial loans to the delinquent loan group offered upward pressure on the charge. With the very same sum of freshly delinquent financial loans in August, the effect on the rate was similar.

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Trepp stories that the hunger for distressed actual estate remains large amid traders, even though borrowing fees continue being incredibly lower. This need to allow particular servicers to function at a substantial speed for the foreseeable long term. The CMBS new issuance market place has also observed a resurgence above the last three months, leading the market to increase its anticipations for securitization volume above the subsequent six months. As new discounts are likely to carry out very well, they need to help to dilute the negative legacy loans that still exist.

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Plainly, the chance to get distressed industrial actual estate at lower charges is listed here, and the moment for entry into the marketplace is now, as competitiveness for obtainable assets will only grow to be steeper in the around potential. To get the very best of the distressed business market, however, analysts say that customers require to get to out straight to sellers and to negotiate individual-to-man or woman, or use a specialist like Genesis Funds. Even at this stage in the cycle, proprietors are locating it tough to settle for the reduce valuations that the put up-crisis period of time has introduced in. Skilled negotiators can get past this psychological obstacle.

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About Genesis Cash &#13

Genesis Funds provides a unique discussion board for distressed and off market property. Genesis sources off market place assets from private clients and from banks for chance consumers. Assets might or may not be distressed, but they are constantly off market place. Genesis operates principal to principal only (no brokers) and retains costs minimal.

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Tumble 2012 REBNY Retail Report Exhibits Manhattan True Estate Heading Atrong, BCG Lawyer Research Confirms Development

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Pasadena, CA (PRWEB) December thirteen, 2012

The Tumble 2012 Retail Report of the True Estate Board of New York (REBNY) confirmed that the Manhattan retail actual estate industry is heading strong with increased need and constrained provide, specifically in the large profile retail corridors. In accordance to the REBNY, the contributing factors in the toughness of the marketplace consist of the financial restoration, uptick in client self-assurance and the strong tourism in NYC. Rents in important areas are at an all time higher. In spots like Broadway: seventy two-86 St, floor floor retail space rent in Slide 2012 has jumped by 31% in opposition to the rent in Spring 2012.

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BCG Legal professional Look for lawful recruiters in New York are confirming that the need for lawful solutions of real estate lawyers, particularly these with economic skills are on the rise in New York. Whilst nationwide, right now, BCG Attorney Lookup clientele are asking authorized recruiters to fill about 227 present openings for actual estate legal professionals, at minimum 32 actual estate attorney work were in New York and thats far more than fourteen percent of the demand knowledgeable nationally at this authorized recruiter organization.

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Inside of true estate regulation, according to BCG Lawyer Research legal recruiters, need is strongest for attorneys with encounter in actual estate finance, which includes mortgage loan securitization, federal government-assisted funding, credit rating examination, leasehold funding, and each interim and extended-phrase funding. Funding is usually one of the main considerations for homebuyers and developers.

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The require for real estate legal professionals with fiscal skills has developed for three causes one) Actual estate buyers had been getting up foreclosed property at low cost charges, and are starting to make them obtainable to the marketplace, now that the economic system is selecting up. two) A lot of properties continue being tied up in fiscal obligations and lawsuits and transfer is not possible without having correct professional guidance, and 3) Hurricane Sandy has brought in the require for reconstruction and reimbursements where real estate lawyers with monetary experience are necessary.

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The rise in demand from customers for legal solutions in the actual estate sector is heartening for true estate legal professionals, and Margaret Gilleran, a New York lawful recruiter at BCG Legal professional Search said, For lawyers who commenced in 2008 via 2010, there wasnt a lot heading on in that apply region and people whod normally be practicing in true estate finance were placed elsewhere. The handful of real estate attorneys who did handle to locate company positions had been very handful of, so now that the industry is undertaking greater, its quite active. If you have a mid-level attorney in real estate, legislation companies are jumping to hire them due to the fact there arent a good deal of them around.

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About BCG Lawyer Lookup:

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BCG Legal professional Search is a leading recruiting firm for skilled lawyers in the United States. Given that the yr 2000, BCG Legal professional Look for has placed hundreds of lawyers with companies who have been the greatest suit for person candidates, and served legislation firms and companies with their recruitment endeavours. The web site of BCG Legal professional Research is here http://www.bcgsearch.com/

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The Point out of Vermont Announces: 2012 Steady for New Vermont Captive Insurance policy Formations, Design and Producing Captives are Trending Strongly

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Montpelier, VT (PRWEB) January sixteen, 2013

The Point out of Vermont accredited 32 new captives in 2012 finishing with robust showings by the construction and producing sectors which each and every experienced five new licensees, in accordance to knowledge released by the Vermont Captive Insurance policies Division. Governor Peter Shumlin shared the final results in the course of the Vermont Captive Insurance coverage Associations Legislative Day, where he was joined by proprietors of captive insurance policies firms from throughout the country, govt officers and provider suppliers.

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Have been really delighted with the outcomes for 2012, said Governor Shumlin. We will stay dedicated to preserving Vermonts captive management part in 2013 with a priority on clarifying the ambiguities in the federal Dodd-Frank laws which have induced undue confusion for the captive insurance coverage market.

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“The high quality of the new captive insurance policies firms more than the previous yr has been outstanding, explained David Provost, Vermonts Deputy Commissioner of Captive Insurance policy. 28 of the 32 ended up pure captives, an very higher percentage of the overall whole for 2012, he added.

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Vermont licensed forty one captives in 2011. In addition to the 28 pure captives, a few have been sponsored and there was 1 threat retention team in the earlier calendar year.

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Some of the notables in the newly accredited captives consist of Deutsche Lender, Conoco Philips, Tyco, and Allstate. Another continued craze in 2012 was the sturdy presence of the non-revenue with new formations.

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The health care and religious group activity was quite sturdy in 2012, explained Dan Towle, Vermonts Director of Fiscal Companies. That pattern has ongoing with two newly certified captives in 2013 both getting in the health care sector.

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2012s new licensees brings Vermont general whole to 984 with 588 energetic captive insurance policy businesses. 2013 is starting up strongly with two new captives certified, with an active pipeline of possible captive insurance coverage organizations.

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Captive insurance policies is a controlled kind of self insurance policies that has been around because the 1960s, and has been a element of the Vermont insurance policies industry since 1981, when Vermont handed the Specific Insurance company Act. Captive insurance coverage organizations are formed by firms or teams of firms as a sort of different insurance policies to much better deal with their personal risk. Captives are generally utilised for company lines of insurance policies such as residence, common legal responsibility, merchandise legal responsibility, or professional liability. Progress sectors of the captive insurance sector include securitization, professional health care malpractice coverage for medical doctors and hospitals, and the ongoing development of little and mid-sized firms forming captive insurance policy businesses.

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For much more details on Vermonts captive insurance policy sector, check out VermontCaptive.com or call Dan Towle at 802-828-5232 or e-mail Dan.Towle(at)Condition(dot)vt(dot)us.

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Willis Group Holdings ILS Report: 2012 Sees 2nd Strongest Catastrophe Bond Issuance on File

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London, Uk (PRWEB) February 01, 2013

Last yr observed the 2nd maximum level of disaster bond issuance on report signalling sturdy progress in the market, in accordance to Willis Cash Marketplaces &amp Advisory (WCMA), part of worldwide insurance coverage broker, Willis Team Holdings (NYSE: WSH).

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At yr end $ 5.nine billion of disaster bonds experienced been issued, symbolizing a 37% improve in excess of 2011, in accordance to the most current Insurance policy-Joined Securities (ILS) Market place Update from WCMA.

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The fourth quarter of 2012 saw new issuance quantity of $ one.9 billion of non-lifestyle potential. This capability was issued by way of seven transactions, which compares with the identical volume ($ 1.9 billion) in 9 discounts in Q4 2011. Three transactions have been sponsored by reinsurers, 3 by principal insurers and a single by a govt entity.

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US hurricane risk proceeds to be the predominant catastrophic normal peril currently being securitized and offered in the cash marketplaces with seventy one% of exceptional cat bond limits uncovered to some sort of US hurricane danger.

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Even though cash continued to circulation into ILS funds in the course of the last quarter of 2012, main issuance was nevertheless inadequate to satisfy trader need. This triggered bidding wars on some bonds.

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Bill Dubinsky, Head of ILS at WCMA, stated: Most ILS traders have been hoping that early December would be entire of new issuances as it had been historically. Nevertheless they ended up dissatisfied to have fewer bonds than necessary to fulfill their cash inflows. We feel traders will anxiously welcome the new issuances that are in the pipeline.

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The full 12 months report also functions an job interview with Gary Martucci, Director of Common &amp Poors Financial Companies Ratings Group.

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Willis Cash Markets &amp Advisory, with workplaces in New York and London, offers suggestions to insurance policy and reinsurance firms on a wide array of merger and acquisition transactions as well as cash marketplaces goods this kind of as insurance-linked securities. Practically nothing in this conversation constitutes any lawful or economic advice or an supply or solicitation to offer or purchase any securities.

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Willis Team Holdings plc is a foremost international insurance policies broker. Through its subsidiaries, Willis develops and delivers skilled insurance policy, reinsurance, risk management, financial and human source consulting and actuarial companies to businesses, general public entities and institutions around the globe. Willis has more than four hundred offices in virtually a hundred and twenty nations around the world, with a global staff of roughly seventeen,000 workers serving clients in almost every element of the planet. Extra details on Willis may possibly be discovered at http://www.willis.com.

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Ahead Searching Statements&#thirteen

We have incorporated in this doc ahead-seeking statements’. All statements, other than statements of historic specifics that deal with routines, activities or developments that we expect or anticipate may arise in the future are ahead-hunting statements. Though we imagine that the assumptions underlying these statements are realistic, any of these assumptions, and therefore also the forward-looking statements primarily based on these assumptions, could them selves demonstrate to be inaccurate. In gentle of the considerable uncertainties inherent in ahead-searching statements, our inclusion of this info is not a representation or promise by us that our aims and ideas will be attained.

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