the latest instrument in islamic financial market is sukuk securities.   sukuk is a flexible stock securities that can meet the financial needs of firms in the capital markets. however, sukuk is considered as an alternative investment securities for bonds that receive usury which is forbidden in islam. the growth of  sukuk market in recent years, mainly due to its role in monitoring and control...

issuance value, redemption value and net value of issuance and redemption of investment units is called cash flow to mutual funds. this cash flow to mutual funds is used as an investor sentiment index, when there is significant relationship between cash flow to mutual funds and market return. in this paper, relationship between these two items is to be evaluated. monthly and weekly cash flow to...

This paper analyzes the relationship between structured finance par coupon spreads at issuance and the securities' credit performance. Using structured finance securities including asset-backed and mortgage-backed securities and collateralized debt obligations issued in the U.S. during 1998-2004, we find spreads vary substantially by rating, over time, and across asset classes; the spreads on s...

In this paper we undertake the first joint investigation of bidding in the primary market and trading in the immediate post-issuance secondary market for municipal bonds. We introduce a ‘distance-to-next-bid’ measure – the distance by which the winning underwriter’s bid exceeded the next highest (non-winning) bid in the primary market. We document a winners’ curse effect: bonds where the distan...

An unlocked Electronic Product Code (EPC) tag allows for issuance of most commands without the need for any authorization. This means that a system with unlocked tags would allow any attacker to modify tag data at will, whilst also opening the door to a range of other misuse. One possible avenue of active misuse against unlocked tags would be to issue LockID commands and ‘permanently’ lock some...

With the growing expansion of Internet connectivity and usage by consumers and merchants, financial institutions and governmental entities, the requirement for stable and secure software is being elevated to the legislative and judicial levels. No longer can software manufacturers disregard this growing requirement in fulfilling their commercial obligations. The issuance of a patch is the begin...