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	<title>Cogito</title>
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	<description>Petite Bibliothèque de Curiosité</description>
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		<title>Cogito</title>
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		<item>
		<title>Valuation of Credit Default Swaps; in plain English</title>
		<link>http://qmarks.wordpress.com/2011/12/30/valuation-of-credit-default-swaps-in-plain-english/</link>
		<comments>http://qmarks.wordpress.com/2011/12/30/valuation-of-credit-default-swaps-in-plain-english/#comments</comments>
		<pubDate>Fri, 30 Dec 2011 20:10:31 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[CFA]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[credit default swap]]></category>
		<category><![CDATA[valuation]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/2011/12/30/valuation-of-credit-default-swaps-in-plain-english/</guid>
		<description><![CDATA[CDS is an agreement to insure future cash payments you will receive. It is valued by the difference between two legs, the one that borrower makes, the latter your insurer will make if default occurs. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=1104&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/12/30/valuation-of-credit-default-swaps-in-plain-english/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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			<media:title type="html">cds valuation pic</media:title>
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		<item>
		<title>Risk/Participant Matrix in Project Finance</title>
		<link>http://qmarks.wordpress.com/2011/11/08/riskparticipant-matrix-in-project-finance/</link>
		<comments>http://qmarks.wordpress.com/2011/11/08/riskparticipant-matrix-in-project-finance/#comments</comments>
		<pubDate>Tue, 08 Nov 2011 12:05:03 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
		
		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=997</guid>
		<description><![CDATA[Chart below shows the potential risks in project finance and which party bears it. At the intersection you will find which tools are available to mitigate those risks.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=997&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/11/08/riskparticipant-matrix-in-project-finance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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			<media:title type="html">risk participant matrix for a project finance deal</media:title>
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		<item>
		<title>What is Nonrecourse/Limited Recourse Lending?</title>
		<link>http://qmarks.wordpress.com/2011/11/05/what-is-nonrecourselimited-recourse-lending/</link>
		<comments>http://qmarks.wordpress.com/2011/11/05/what-is-nonrecourselimited-recourse-lending/#comments</comments>
		<pubDate>Sat, 05 Nov 2011 10:01:57 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[lending]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[nonrecourse]]></category>
		<category><![CDATA[project]]></category>
		<category><![CDATA[project finance]]></category>
		<category><![CDATA[spe]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=980</guid>
		<description><![CDATA[Typically a project financing involves a loan to enable the sponsor to construct a project where the loan is &#8220;nonrecourse&#8221; or &#8220;llimited recourse&#8221; to the sponsor. Nonrecourse means that the lender may not turn to the sponsor&#8217;s non-project related assets if the revenues generated by the project, SPE, or project collateral used to secure the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=980&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/11/05/what-is-nonrecourselimited-recourse-lending/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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		<title>Project Finance Risks and Hedging Strategies</title>
		<link>http://qmarks.wordpress.com/2011/10/30/project-finance-risks-and-hedging-strategies/</link>
		<comments>http://qmarks.wordpress.com/2011/10/30/project-finance-risks-and-hedging-strategies/#comments</comments>
		<pubDate>Sun, 30 Oct 2011 06:31:11 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
		
		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=976</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=976&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/10/30/project-finance-risks-and-hedging-strategies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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			<media:title type="html">hedging pf risks</media:title>
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		<item>
		<title>Evolution of Project Finance and Market Segments</title>
		<link>http://qmarks.wordpress.com/2011/10/29/evolution-of-project-finance-and-market-segments/</link>
		<comments>http://qmarks.wordpress.com/2011/10/29/evolution-of-project-finance-and-market-segments/#comments</comments>
		<pubDate>Sun, 30 Oct 2011 04:15:46 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[country risk]]></category>
		<category><![CDATA[market risk]]></category>
		<category><![CDATA[pfi]]></category>
		<category><![CDATA[project finance]]></category>
		<category><![CDATA[project finance trends]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=965</guid>
		<description><![CDATA[Beginning of 1980s the project finance followed two development trends, first involved exporting the financing techniques to developing countries. since room in the market in developed countries was gradually diminishing, the entrepreneurs offered project finance to governments in developing countries as a quick way to reach a decent level of basic infrastructure with a greater [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=965&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/10/29/evolution-of-project-finance-and-market-segments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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			<media:title type="html">project finance</media:title>
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	</item>
		<item>
		<title>Who Has The Lowest EPS Variance in TSX?</title>
		<link>http://qmarks.wordpress.com/2011/06/27/who-has-the-lowest-eps-variance-in-tsx/</link>
		<comments>http://qmarks.wordpress.com/2011/06/27/who-has-the-lowest-eps-variance-in-tsx/#comments</comments>
		<pubDate>Tue, 28 Jun 2011 01:40:23 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[CFA]]></category>
		<category><![CDATA[finance]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=866</guid>
		<description><![CDATA[Curiosity is my compass. In this post I will analyse the companies listed on TSX and try to find which one has the lowest earnings per share variance over the last 20 quarters (5 years). That study might be helpful for seeking LBO targets. Remember that a major characteristic of a strong LBO candidate is [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=866&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/06/27/who-has-the-lowest-eps-variance-in-tsx/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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		<title>Reverse Engineering on RIMM</title>
		<link>http://qmarks.wordpress.com/2011/06/16/reverse-engineering-on-rimm/</link>
		<comments>http://qmarks.wordpress.com/2011/06/16/reverse-engineering-on-rimm/#comments</comments>
		<pubDate>Thu, 16 Jun 2011 21:14:22 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[CFA]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Residual Income]]></category>
		<category><![CDATA[Reverse Engineering]]></category>
		<category><![CDATA[RIM]]></category>
		<category><![CDATA[RIMM]]></category>
		<category><![CDATA[Rotman]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=916</guid>
		<description><![CDATA[Yesterday I attended to Canadian Coalition of  Good Governance Annual Meeting, there Roger Martin, Dean of Rotman School of Management, said that stock price was nothing but the sum of our expectations on company&#8217;s future earnings. It is true that the objective of a company is profit making and the Price that we pay for [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=916&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/06/16/reverse-engineering-on-rimm/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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			<media:title type="html">rim</media:title>
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		<item>
		<title>How to Value Bank Stocks ?</title>
		<link>http://qmarks.wordpress.com/2011/06/09/how-to-value-bank-stocks/</link>
		<comments>http://qmarks.wordpress.com/2011/06/09/how-to-value-bank-stocks/#comments</comments>
		<pubDate>Thu, 09 Jun 2011 15:28:10 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[CFA]]></category>
		<category><![CDATA[finance]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=898</guid>
		<description><![CDATA[Unlike any other industry, stocks in the financial services industry is valued different than DCF or common comparable companies multiples such as; EV/EBITDA or P/E. Furthermore, the financial statements structure is not the common type, Revenue less COGS less SG&#38;A order, instead it begins with Interest Income, equivalent of but not total Revenue and Interest [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=898&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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		<item>
		<title>Where is the Alimentation Couche Tard&#8217;s Fuel?</title>
		<link>http://qmarks.wordpress.com/2011/06/07/where-is-the-alimentation-couche-tards-fuel/</link>
		<comments>http://qmarks.wordpress.com/2011/06/07/where-is-the-alimentation-couche-tards-fuel/#comments</comments>
		<pubDate>Wed, 08 Jun 2011 02:10:25 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[CFA]]></category>
		<category><![CDATA[finance]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=902</guid>
		<description><![CDATA[I was just reading through the 2010 Annual report of Alimentation Couche Tard, where they mention that they were dealing with the disappearing fuel. The main reason was neither evaporation, nor accounting discrepancy. According to the findings of Tim Tourek, the VP in Los Angeles, an increase in gas price leads the customer&#8217;s to cheat.  He [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=902&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://qmarks.wordpress.com/2011/06/07/where-is-the-alimentation-couche-tards-fuel/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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		<title>McKelvey Diagram</title>
		<link>http://qmarks.wordpress.com/2011/05/11/mckelvey-diagram/</link>
		<comments>http://qmarks.wordpress.com/2011/05/11/mckelvey-diagram/#comments</comments>
		<pubDate>Wed, 11 May 2011 19:46:06 +0000</pubDate>
		<dc:creator>qmarks</dc:creator>
				<category><![CDATA[CFA]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[2p]]></category>
		<category><![CDATA[3p]]></category>
		<category><![CDATA[conventional materials]]></category>
		<category><![CDATA[indicated]]></category>
		<category><![CDATA[inferred]]></category>
		<category><![CDATA[measured]]></category>
		<category><![CDATA[reserves]]></category>
		<category><![CDATA[resources]]></category>

		<guid isPermaLink="false">http://qmarks.wordpress.com/?p=913</guid>
		<description><![CDATA[Economic Classification of Proven, Probable, Measured and Indicated Resources. McKelvey Diagram Filed under: CFA, finance Tagged: 2p, 3p, conventional materials, indicated, inferred, measured, reserves, resources<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=qmarks.wordpress.com&amp;blog=3487210&amp;post=913&amp;subd=qmarks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">nebuchadnezzar</media:title>
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