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An example of a borrowing base certificate used in asset-based lending. Borrowing base certificate is the official accounting document prepared by the borrower that certifies the size of the borrowing base of an organization with the previously agreed advance rates. [11] Borrowing base certificate includes a summary calculation sheet.
In 2015, the DCED created the Pennsylvania Manufacturing Week to complement National Manufacturing Day on October 7. The event, for the past two years, has run from October 1 to October 7. The goal is to highlight the good paying jobs available in manufacturing across multiple sectors.
Wholesale funding is a method that banks use in addition to core demand deposits to finance operations, make loans, and manage risk. In the United States wholesale funding sources include, but are not limited to, Federal funds, public funds (such as state and local municipalities), U.S. Federal Home Loan Bank advances, the U.S. Federal Reserve's primary credit program, foreign deposits ...
Before his appointment, Secretary Davin served as Director of the Allegheny County Department of Economic Development (ACED), where he was responsible for creating and executing the economic development strategy for Allegheny County.
Tax increment financing subsidies, which are used for both publicly subsidized economic development and municipal projects, [2]: 2 have provided the means for cities and counties to gain approval of redevelopment of blighted properties or public projects such as city halls, parks, libraries etc.
The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee). In the U.S., many revolvers to speculative-grade issuers are asset-based and thus tied to borrowing-base lending formulas that limit borrowers to a ...
Image source: The Motley Fool. Alaska Air Group (NYSE: ALK) Q4 2024 Earnings Call Jan 23, 2025, 11:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Over time, however, the composition of banks’ balance sheets has changed significantly. In lieu of customer deposits, banks have increasingly turned to short-term liabilities such as commercial paper (CP), certificates of deposit (CDs), repurchase agreements (repos), swapped foreign exchange liabilities, and brokered deposits.