Paramax Closes $15,000,000 Conduit Capital Note Investment.STAMFORD, Conn. -- Paramax Capital Group has closed a $15,000,000 conduit capital note investment in a bank sponsored multi-seller asset-backed commercial paper conduit. This transaction is one of the first transactions to be structured in compliance with IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. 39 as well as with other domestic and international accounting standards. Paramax has invested over $45 million in conduit capital notes and FIN 46 expected loss notes and continues to advise on structure finance activities and restructurings. "We are very pleased with the recent transaction" says Alvin Hageman, Chief Investment Officer of Paramax Capital Group. "We continue to expand our portfolio into other asset classes and sponsors. We are very excited about the ability to work with a top tier market participant The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. with such an exceptional operating track-record." Paramax Capital Group is a specialty structured finance firm headquartered in Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. . Paramax provides advice and subordinated capital to the structured finance markets including FIN 46 expected loss and mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. ABS (Automatic Backup System) See backup program. capital and conduit administration services. |
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