Extendible and retractable bonds have more than one maturity date. An extendible bond gives its holder the right to extend the initial maturity to a longer maturity date. A retractable bond gives its holder the right to advance the return of principal to an earlier date than the original maturity....
If one accepts that Enterprise Business Process Management [EBPM] is essentially about improving performance, it may even be a misnomer to talk about 'Process Maturity.' After all, neither wisdom nor skill necessarily accompanies maturity. If it is performance that really counts, then one need to go beyond maturity to look...
Yield to maturity is the rate of return you earn on a bond if you hold the bond to maturity. Yield to maturity assumes that the interest coupons you receive on the bond can be reinvested at the same rate. Yields are shown on a before- and after-tax basis.
The concept of process maturity proposes that a process has a lifecycle that is assessed by the extent to which the process is explicitly defined, managed, measured, and controlled. A maturity model assumes that progress towards goal achievement comes in stages. The supply chain maturity model presented in this paper...
The paper explores the relationship between fixed income excess returns and maturity differentials. In a quest to quantify this relationship, it goes beyond testing the monotonicity of excess returns, by exploring the functional form of excess returns' dependence on the maturity differential. It tests whether the monotonicity of excess returns...
Much of the work on process maturity takes inspiration from the Software Engineering Institute's Capability Maturity Model (SEI CMM.). CMM was developed for software engineering disciplines before the advent of BPM systems. Frameworks based on CMM concepts can incorrectly conflate the maturity of business processes with the maturity with which...
This paper describes research that managers can use to measure their Return on Investment for Project Management (PM/RoIsm). A PM Benchmarking procedure is explained that can be used to assess the PM Process Maturity of companies. It has two key components: the Berkeley Project Management Process Maturity Modelsm and the...
From the executive summary: ‘Quality Maturity Analysis may be defined as an assessment of an organization’s level of maturity in relation to the quality system it has chosen to operate within. The assessment may take on different forms depending on the type of organization, quality system employed, current level of...
Once a firm decides to issue debt, the characteristics of this debt instrument should be considered. One of the critical decisions involves debt maturity. Using a sample of 1091 Belgian small firms from 1996 until 2000, this paper analyses the determinants of the corporate debt-maturity structure of small firms in...
Here's one that's got the folks at Maturity Magazines Group, the publishing divisiion of the American Association of Retired Persons, scratching their heads. The Bulletin, the group's long-time newspaper "stepchild," is for the first time outperforming Modern Maturity in advertising--at least proportionally.
This calculator shows the current price market value of a bond given the market interest rate that you enter. It also calculates the price at which you would sell the bond in order to achieve your desired yield to maturity. Yield to maturity is the rate of return you expect...
NEW YORK -- The Depository Trust & Clearing Corporation DTCC today announced that its Applications Development and Maintenance ADM information technology division, the group responsible for developing, managing and testing software used by DTCC and its subsidiaries for all services, has passed a formal assessment to achieve a Capability Maturity...
CHENNAI, India -- Sify Limited (Nasdaq:SIFY), India's premier Internet, networks and eCommerce Services Company, announced today that the technology development units of the company have been appraised at Maturity Level 3 of the Capability Maturity Model Integration (CMMI version 1.1).
The paper reflects the current emphasis in the project management literature on process improvement and maturity models. To be sure, project management capabilities maturity is critical to the long-term improvement of project delivery outcomes. However, it is important to ensure that while working to fine-tune project management processes we do...
The main focus of this article is upon the market segmentation tactics I.e. non-maturity deposits. It focusses upon tactics used to separate rate-sensitive non-maturity deposit customers from those that are non-rate sensitive, how tiering down can be used to experiment with pricing a non-maturity deposit service line without affecting...
This paper conducts an analysis of public debt offerings of Real Estate Investment Trusts REITs with a focus on the maturity of the incremental debt issues. Specifically, it investigates firm characteristics leading REITs to issue short- or long-term debt. The paper finds that debt maturity is directly related to firm...
The study tests the implications of Flannery's (1986) and Diamond's (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and then examines the overall importance of informational asymmetries in debt maturity choices. The study employ data on over 6,000 commercial loans from 53 large U.S....
This paper provides the author's personal views and perspectives on software process improvement. Starting with his first work on technology assessment in IBM few years ago, Watts Humphrey describes the process improvement work he has been directly involved in. This includes the development of the early process assessment methods, the...
ROCKVILLE, Md. -- InfoZen, Inc., a leading provider of consulting, engineering and risk assessment/management solutions, announced today that it has attained the Software Engineering Institute's SEI Capability Maturity ModelR Integration CMMI Maturity Level 2. This achievement marks a major milestone in the company's dedication to process improvement and best practices.
Bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally the longer a bond's maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which allows the issuer to retain the right to redeem the debt, fully or...