Interaction between the market participants
shall be established by means of various links.
Thus, the market participant
theory is inapplicable as a State's "assessment and computation of taxes" is, clearly, "a primeval governmental activity." Accordingly, "when a state chooses to tax its citizens, it is acting as a market regulator[,]" not as a market participant
Such critics may have a point, but the overarching mandate of ASC 820 to estimate fair value using market participant
assumptions does not seem to allow one to throw in the towel and focus solely on entity-specific measures.
Section II.C argues, however, that the current application of the market-participant exception to state-mandated preference laws--by focusing on state-local relationships--fails to adequately distinguish between laws that comport with the rationales of the market participant
exception and those that do not.
Determining who are market participants
is another principle that could be difficult to apply, and although FAS 157 is not yet effective, auditors and valuation experts have started to look to the market participant
guidance in FAS 157 on current transactions as if FAS 157 is effective.
* Company D buys a manufacturer that sells to the same customers as it does and must value the acquired customer relationships based on what a market participant
, who potentially could have no involvement with those customers, would pay for them.
The importance of improving the legal regime underpinning financial markets has been recognized by the finance ministers of the Group of Seven countries who, in 1997, agreed "to introduce, where necessary and appropriate, legislative measures to ensure the enforceability of sound netting agreements in relation to insolvency and bankruptcy rules to reduce systemic risk in international transactions." In this regard, it is important to ensure that financial market participants
have the ability to terminate or close out and net financial market contracts and to realize on collateral pledged in connection with these contracts.
The Chairman assured the market participants
of his continued support in introducing reforms for supporting growth and stability in the capital markets.
The decrease in demand along with the build-up in supply in the Persian Gulf amid OPEC's cut in crude output for six months starting January contributed to the fall in Asian VLCC freight rates, market participants
The new system empowers NCCPL and market participants
to vigilantly implement and monitor risk management by linking various functions, such as exposure monitoring and collateral in the form of cash and securities, etc, through a single window operation.
said market participants
would be required to follow the code of conduct covering ethics, governance, execution, information sharing, risk management and compliance.
The briefing was attended by present and former PSX Board members as well as a large number of representative of PSX TRE certificate holders and senior market participants
, who also showed great interest in the understanding of the Tax Amnesty Scheme.