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Wiki Wiki Summary
List of companies listed on the Hong Kong Stock Exchange This is a list of companies on the Hong Kong Stock Exchange (HKEx), ordered numerically by stock code. The names of the companies appear exactly as they do on the stock exchange listing.
Credit default swap A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event. That is, the seller of the CDS insures the buyer against some reference asset defaulting.
Regulatory technology Regulatory technology, Abrv: regtech, is a new technology that uses information technology to enhance regulatory and compliance processes. Regtech expands across all industries, including: financial services, banking, technology, retail, gaming and healthcare.
Competition Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc.
Ecological niche In ecology, a niche is the match of a species to a specific environmental condition. It describes how an organism or population responds to the distribution of resources and competitors (for example, by growing when resources are abundant, and when predators, parasites and pathogens are scarce) and how it in turn alters those same factors (for example, limiting access to resources by other organisms, acting as a food source for predators and a consumer of prey).
Real estate in the United Kingdom Real estate is a significant feature of the economy of the United Kingdom, and regulated according to Scottish and English land law. The real estate market in the United Kingdom is the largest or second-largest in Europe (after Germany) depending on the method of measurement.
Development/For! Development/For! (Latvian: Attīstībai/Par!, AP!) is a liberal political alliance in Latvia.
Prenatal development Prenatal development (from Latin natalis 'relating to birth') includes the development of the embryo and of the foetus during a viviparous animal's gestation. Prenatal development starts with fertilization, in the germinal stage of embryonic development, and continues in fetal development until birth.
Nonlinear programming In mathematics, nonlinear programming (NLP) is the process of solving an optimization problem where some of the constraints or the objective function are nonlinear. An optimization problem is one of calculation of the extrema (maxima, minima or stationary points) of an objective function over a set of unknown real variables and conditional to the satisfaction of a system of equalities and inequalities, collectively termed constraints.
High-level programming language In computer science, a high-level programming language is a programming language with strong abstraction from the details of the computer. In contrast to low-level programming languages, it may use natural language elements, be easier to use, or may automate (or even hide entirely) significant areas of computing systems (e.g.
Venture capital Venture capital (VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake.
2007–2008 world food price crisis World food prices increased dramatically in 2007 and the first and second quarter of 2008, creating a global crisis and causing political and economic instability and social unrest in both poor and developed nations. Although the media spotlight focused on the riots that ensued in the face of high prices, the ongoing crisis of food insecurity had been years in the making.
Loan A man is an adult male human. Prior to adulthood, a male human is referred to as a boy (a male child or adolescent).
Red-crested cardinal The red-crested cardinal (Paroaria coronata) is a songbird, the species belonging to the family of tanagers (Thraupidae). Notwithstanding its similar name, this bird is not closely related to the true cardinal family (Cardinalidae).
Asset–liability mismatch In finance, an asset–liability mismatch occurs when the financial terms of an institution's assets and liabilities do not correspond. Several types of mismatches are possible.
List of municipalities in California California is a state located in the Western United States. It is the most populous state and the third largest by area after Alaska and Texas.
Dubhaltach Mac Fhirbhisigh Dubhaltach Mac Fhirbhisigh (Irish pronunciation: [ˈd̪ˠʊwəl̪ˠt̪ˠəx mˠək ˈɪɾʲəvʲɪʃiː]), also known as Dubhaltach Óg mac Giolla Íosa Mór mac Dubhaltach Mór Mac Fhirbhisigh, Duald Mac Firbis, Dudly Ferbisie, and Dualdus Firbissius (fl. 1643 – January 1671) was an Irish scribe, translator, historian and genealogist.
Anatomical terms of location Standard anatomical terms of location are used to unambiguously describe the anatomy of animals, including humans. The terms, typically derived from Latin or Greek roots, describe something in its standard anatomical position.
Christopher Cox Charles Christopher Cox (born October 16, 1952) is an American attorney and politician who served as chair of the U.S. Securities and Exchange Commission, a 17-year Republican member of the United States House of Representatives, and member of the White House staff in the Reagan Administration. Prior to his Washington service he was a practicing attorney, teacher, and entrepreneur.
Trade Repository A Trade Repository or Swap Data Repository is an entity that centrally collects and maintains the records of over-the-counter (OTC) derivatives. These electronic platforms, acting as authoritative registries of key information regarding open OTC derivatives trades, provide an effective tool for mitigating the inherent opacity of OTC derivatives markets.This market infrastructure is defined and supervised in Europe by the European Securities and Markets Authority (ESMA) under the European Market Infrastructure Regulation (EMIR).
Political appointments by Joe Biden Following his election victory in 2020, U.S. president Joe Biden had 4,000 political appointments to make to the federal government. Of those 4,000 political appointments, more than 1250 require Senate confirmation.
Significant form Significant form refers to an aesthetic theory developed by English art critic Clive Bell which specified a set of criteria for what qualified as a work of art.
Mortgage fraud Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property.\nCriminal offenses may be prosecuted in either federal or state court, and are typically charged under wire fraud, bank fraud, mail fraud, or money laundering statutes, with penalties of imprisonment for up to 30 years per offense.
Bank guarantee A bank guarantee is a kind of guarantee from a lending organization. The bank guarantee signifies that the lending institution ensures that the liabilities of a debtor are going to be met.
Totality of the circumstances In the law, the totality of the circumstances test refers to a method of analysis where decisions are based on all available information rather than bright-line rules. Under the totality of the circumstances test, courts focus "on all the circumstances of a particular case, rather than any one factor".
Income-Sensitive Repayment There are a number of loan repayment options available to U.S. federal student loan borrowers, including some that are based on the borrower’s income. Income-sensitive repayment lets Federal Family Education Loan Program (FFELP) borrowers decide what percentage of their income their loan payment will be.
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Commodity fetishism In Marxist philosophy, the term commodity fetishism describes the relationships of production and exchange as social relationships among things (money and merchandise) and not as relationships among people. As a form of reification, commodity fetishism presents value as inherent to the commodities, and not arising from the interpersonal relations that produced the commodity.
Bravely Default Bravely Default, known in Japan as Bravely Default: Flying Fairy, is a role-playing video game developed by Silicon Studio for the Nintendo 3DS handheld console. Bravely Default was originally released in 2012, while an expanded edition subtitled For the Sequel was released in 2013 in Japan, Europe and Australia, and in 2014 in North America.
Republican Party (United States) The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States, along with its main historic rival, the Democratic Party.\nThe GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories.
Initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.
Escalation of commitment Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment nevertheless continues the behavior instead of altering course. The actor maintains behaviors that are irrational, but align with previous decisions and actions.Economists and behavioral scientists use a related term, sunk-cost fallacy, to describe the justification of increased investment of money or effort in a decision, based on the cumulative prior investment ("sunk cost") despite new evidence suggesting that the future cost of continuing the behavior outweighs the expected benefit.
IT risk management Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
Mapletree Investments Mapletree Investments Pte Ltd is a real estate development, investment, capital and property management company headquartered in Singapore. The Group currently manages four Singapore-listed real estate investment trusts (REITs) and seven private equity real estate funds, which comprise a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (UK) and the United States (US).
Risk Factors
FEDERAL AGRICULTURAL MORTGAGE CORP Item 1A Risk Factors Farmer Mac’s business activities, financial performance and results of operations are, by their nature, subject to a number of risks and uncertainties
Consequently, the Corporation’s net interest income, total revenues and net income have been, and are likely to continue to be, subject to fluctuations that reflect the effect of many factors, including the risk factors described below
These risks are not exhaustive
Other sections of this report may include additional factors that could adversely affect Farmer Mac’s business and its financial performance and results of operations
Furthermore, because new risk factors likely will emerge from time to time, management can neither predict all such risk factors nor assess the effects of such factors on Farmer Mac’s business, operating results and financial condition or the extent to which any factor, or combination of factors, may affect the Corporation’s actual results and financial condition
If any of the following risks materialize, Farmer Mac’s business, financial condition or results of operations could be materially adversely affected
Farmer Mac’s business, operating results and financial condition may be materially and adversely affected by external factors that may be beyond its control
Farmer Mac’s business, operating results and financial condition may be materially and adversely affected by external factors that may be beyond its control, including but not limited to: · legislative or regulatory developments or interpretations of Farmer Mac’s statutory charter that could adversely affect Farmer Mac, its ability to offer new products, the ability or motivation of certain lenders to participate in its programs or the terms of any such participation, or increase the cost of regulation and related corporate activities, including but not limited to: o the possible establishment of additional statutory or regulatory restrictions or constraints on Farmer Mac that could hamper its growth or diminish its profitability; and o the possible effect of Farmer Mac’s risk-based capital requirement, which could, under certain circumstances, exceed its statutory minimum capital requirement; · Farmer Mac’s access to the debt markets at favorable rates and terms; · competitive pressures in the purchase of agricultural mortgage loans and the sale of Farmer Mac Guaranteed Securities and debt securities; · substantial changes in interest rates, agricultural land values, commodity prices, export demand for US agricultural products, the general economy, and other factors that may affect delinquency levels and credit losses on agricultural mortgage loans; · protracted adverse weather, animal and plant disease outbreaks, market or other conditions affecting particular geographic regions or particular agricultural commodities or products related to agricultural mortgage loans backing Farmer Mac I Guaranteed Securities or under LTSPCs; and · the effects of any changes in federal assistance for agriculture on the agricultural economy or the value of agricultural real estate
Farmer Mac’s business development and profitability depend on the continued growth of the secondary market for agricultural mortgage loans, the future of which remains uncertain
Continued growth in Farmer Mac’s business may be constrained by conditions that limit the need for agricultural lenders to obtain the benefits of Farmer Mac’s programs, including for example: · high levels of available capital and liquidity of agricultural lenders; · the availability of alternative sources of funding and credit enhancement for agricultural lenders; · downturns in the agricultural economy that could reduce growth rates and the need for capital in the agricultural mortgage market; · increased competition in the secondary market for purchases of quality agricultural mortgage loans; · reduced growth rates in the agricultural mortgage market, due largely to the strong liquidity of many farmers and ranchers; · the lower rate of growth of the Farm Credit System mortgage portfolio, reducing the demand for LTSPCs; · the historical preference of many agricultural lending institutions to retain loans in their portfolios rather than to sell them into the secondary market, notwithstanding the corporate finance and capital planning benefits they might otherwise realize through participation in Farmer Mac’s programs; · the ability of some lending institutions to subsidize, in effect, their agricultural mortgage loan rates through low-return use of equity or acceptance of greater asset and liability mismatch; and · legislative and regulatory developments in this area, as further discussed below
As a result of these factors, Farmer Mac may not be able to meet its business development and profitability goals
To the extent that Farmer Mac fails to meet these goals, its total revenues, net income and financial condition could be materially adversely affected
Farmer Mac is a government-sponsored enterprise whose continued growth may be adversely affected by legislative and regulatory developments
Farmer Mac is a government-sponsored enterprise that is governed by a statutory charter controlled by the US Congress and regulated by governmental agencies
Consequently, Farmer Mac is subject to risks related to legislative, regulatory or political developments
Such developments could affect the ability of lenders to participate in Farmer Mac’s programs or the terms on which they may participate
Further, from time to time, legislative or regulatory initiatives are commenced that, if successful, could result in the enactment of legislation or the promulgation of regulations that could affect negatively the growth or operation of the secondary market for agricultural mortgages
Any of these political or regulatory developments could have a material and adverse effect on Farmer Mac’s business
See “Government Regulation of Farmer Mac” in Item 1 of this report for additional discussion on the rules and regulations governing Farmer Mac’s activities
Farmer Mac Guaranteed Securities and LTSPCs expose Farmer Mac to significant contingent liabilities and its ability to fulfill its obligations under its guarantees and LTSPCs may be limited
Farmer Mac guarantees the timely payment of principal and interest on Farmer Mac Guaranteed Securities, which are backed by qualified agricultural real estate mortgage loans
As a result of its guarantee, Farmer Mac assumes the ultimate credit risk of borrower defaults on the underlying loans
Farmer Mac also issues LTSPCs for pools of qualified loans that commit Farmer Mac to purchase certain loans under enumerated circumstances on undetermined future dates
Repayment of the qualified loans underlying Farmer Mac Guaranteed Securities or subject to LTSPCs typically depends on the success of the related farming operation, which, in turn, depends on many variables and factors over which farmers may have little or no control, such as weather conditions, animal and plant disease outbreaks, economic conditions (both domestic and international) and political conditions
If the cash flow from a farming operation decreases (for example, as a result of adverse weather conditions that destroy a crop or that prevent the planting or harvesting of a crop), the farmer’s ability to repay the loan may be impaired
Protracted adverse weather, animal and plant disease outbreaks, market or other conditions affecting a particular geographic region and particular commodities related to the agricultural mortgage loans backing Farmer Mac Guaranteed Securities or subject to LTSPCs, or significant loan payment defaults by farmers for other reasons, could require Farmer Mac to pay under its guarantees and LTSPCs and could have a material adverse effect on the Corporation’s financial condition and results of operations
Farmer Mac Guaranteed Securities and LTSPCs are obligations of Farmer Mac only, and are not backed by the full faith and credit of the United States, FCA or any other agency or instrumentality of the United States other than Farmer Mac
Farmer Mac’s principal source of funds for the payment of claims under its guarantees and purchase commitments are the fees received in connection with outstanding Farmer Mac Guaranteed Securities and LTSPCs
These amounts are, and will continue to be, substantially less than the amount of Farmer Mac’s aggregate contingent liabilities under its guarantees and LTSPCs
Farmer Mac is required to set aside a portion of the fees it receives as a reserve against losses from its guarantee and commitment activities
Farmer Mac expects that its future contingent liabilities for its guarantee and commitment activities will continue to grow and will exceed Farmer Mac’s resources, including amounts in the Corporation’s allowance for losses and its limited ability to borrow from the United States Treasury
Farmer Mac is exposed to credit risk and interest rate risk that could materially and adversely affect its financial condition and future earnings
The primary types of risk in the conduct of Farmer Mac’s business are: · credit risk associated with the agricultural mortgage loans that Farmer Mac purchases or commits to purchase or that back Farmer Mac Guaranteed Securities; · interest rate risk on all program and non-program assets held on balance sheet, that results principally from: o potential changes in the relationship between the interest rates paid by the Corporation on its liabilities and the yields it receives on investments of like maturity or reset term; or o potential timing differences between the maturities or interest rate resets of the assets and the liabilities used to fund the acquisition and carry of the assets; · credit risk associated with Farmer Mac’s business relationships with other institutions, such as counterparties to swap and other hedging arrangements; and · risks as to the creditworthiness of the issuers of AgVantage securities and the Corporation’s non-program investments
Any of these risks could materially and adversely affect Farmer Mac’s financial condition and future earnings
For additional discussion about the Corporation’s risk management, see “Management’s Discussion and Analysis of Financial Condition and Results of Operation—Risk Management” in Item 7 of this report