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Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously
complicated deals that often leave anyone without a MBA wondering what was put into these CDOs.
The first thing to
understand about bonds, (aka debt) is that bonds are often backed by something else. Think about your home mortgage. If you
don't pay your mortgage, the bank can take the house. You end up homeless, and the bank sells the house to pay off the rest
of that mortgage. There is something "backing" that mortgage; something lender can fall back on, if you don't pay your bills
like a good human being. That's called collateral.
CDOs are one flavor of an entire sector of investing called structured
finance, and they are also backed. CDOs, in the simplest concept, are just bonds backed by something else. In most cases,
a CDO is backed by a collection of various types of debt. CDOs can be home mortgages, or other types of debt like credit cards,
auto loans, and personal loans. Most of these types of debt are usually considered a bit more risky and they don't have the
backing that a home loan does. So, if you think it through, you can imagine that CDOs are usually considered a risky investment.
To take a step further, understand that CDOs have multiple flavors within each CDO. These flavors are called tranches. If you've taken French, you might recognize the word, it means "slice" or "portion." Each slice of that CDO you invest in is a little different and carries different amounts of risk.
You could invest in the lowest risk tranche of the CDO, which would
provide you lower risk. But, you don't get a good return on that investment. Or, you can be the heroic adventurer of bonds
and invest in the lowest-grade tranche of the CDO. You'll make an amazing return, but if the economy even looks at you wrong,
you might lose the entire investment.
CDOs aren¿t easy, and are almost always invested in by mutual funds, insurance
companies and hedge funds. As an individual investor, you will probably not come across a CDO you can participate in.
Home / Markets / Industries / Technology
Tuesday, May 27, 2008
MyECheck Partners With Everpay Merchant Services
Comtex
SACRAMENTO, CA, May 27, 2008 (MARKET WIRE via COMTEX) ----MyECheck Inc. (OTCBB: MYEC), a leading provider of comprehensive alternative payment solutions to credit cards for internet, intranet, mobile commerce and brick & mortar platforms, today announced an agreement with Everpay Merchant Services allowing Everpay customers to accept MyECheck as a form of online payment.
This agreement allows Everpay Merchant Services merchant clients to integrate software allowing their consumers to use their checking accounts as an additional form of online payment. MyECheck's patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit; thus providing online merchants financial access to more consumers and businesses than any other payment method.
Everpay Merchant Services specializes in electronic payment processing and total electronic Business solutions, with real personalized assistance. They have over 20 years of combined experience in the Credit Card & Debit Solutions. Please visit http://www.everpayinc.com/.
Ed Starrs, CEO of MyECheck, commented, "Everpay Merchant Solutions now provides complete turn-key Check 21 solutions that enable merchants, corporations and banks to remit Check 21 items. Check image processing eliminates paper check transportation, reduces handling and administrative costs, speeds clearing by an average of 2+ days and improves cash float."
About MyECheck
MyECheck Inc. is a leading provider of comprehensive alternative payment solutions to credit cards for brick & mortar, internet, intranet and mobile commerce. MyECheck utilizes a proprietary method of creating and clearing remotely created checks (RCCs) for exceedingly fast, secure and convenient payments. As the leader in Check 21 solutions and check image processing for online merchants, MyECheck's patent pending RCC solution provides merchants with financial access to more consumers than any other single payment method, allowing the fastest, safest and most convenient way to process electronic payments from customers.
Please visit www.myecheck.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.
Investor Relations: Patrick Lowry (916) 932-0089 Email Contact www.myecheckcorporate.com
SOURCE: MyECheck Inc.
http://www2.marketwire.com/mw/emailprcntct?id=9F4EBD28BB20F174 http://www.myecheckcorporate.com
Copyright 2008 Market Wire, All rights reserved.
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