Renta Fija Privada, Subordinada y Titulizaciones

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IE code
DF2-230
Language
Spanish
Format
PDF
Nr. Of Pages
10
Academic Area
Type of publication
Technical Note and tutorial

Description

This Technical Note references all the financial instruments of private equity.

First, it illustrates the three main risks of these financial instruments: market risk, liquidity risk and credit risk. Additionally, it states which are the main products in the eyes of the Comisión Nacional Del Mercado de Valores (CNMV).

Then it how, within the liabilities structure of a firm, there frequently exists a difference between senior and subordinate debt, where the main characteristic of the latter is that, faced with an asset reduction, it suffers a decrease in value after the capital but before the senior debt.