In this tutorial, we learn how to understand a securitization. This is a type of structured finance that has three key elements. the first is that there is a pooling of credit sensitive assets. In pooling the assets, you introduce diversification. The second element is to transfer credit risk to the third party and make rules around whether there has been a true transfer of credit risk. The third element in this is trenching of liabilities. This means when cash flows are transferred to a spec...
Toyota is testing blockchain and distributed ledger technology (BC/DL) for data sharing for driverless cars and other applications. This could eventually reassure buyers of its upcoming high-end cars by making sure their sensitive data is secure.
In a race to make self-driven cars mainstream, Intel announced today that they've bought Israeli microchip technology company Mobileye for $15.3 billion, setting the stage for Intel to dominate a large portion of the driverless market.
Many cooks refer to well-seasoned cast iron skillets as the original non-stick pan. A cast iron skillet is a versatile piece of cookware, going from the top of the stove to the oven with ease, provided the handle is also cast iron. The secret to a non-stick skillet is in the seasoning and cleaning process. Improper seasoning, cooking acidic foods and incorrect cleaning methods can all remove the non-stick capabilities. Achieving and maintaining a non-stick cooking surface is uncomplicated and...
