Release of nitrogen precursors from coal and biomass residues in a bubbling fluidized bed

Energy Technology Data Exchange (ETDEWEB)

P. Abelha; I. Gulyurtlu; I. Cabrita [Instituto Nacional de Engenharia, Lisbon (Portugal)

2008-01-15

This work was undertaken with the aim of quantifying the relative amounts of NH{sub 3} and HCN released from different residues during their devolatilization under fluidized bed conditions. The results were compared with data collected for bituminous coals of different origin. The relation between amounts of HCN and NH{sub 3} released and the levels of NOX and N{sub 2}O formed during cocombustion was also addressed. The partitioning of nitrogen between volatiles and char was also quantified. The pyrolysis studies were undertaken in a small fluidized bed reactor of 80 mm of ID and 500 mm high using an inert atmosphere (N{sub 2}). The HCN and NH{sub 3} were quantified by bubbling the pyrolysis gases in absorbing solutions which were subsequently analyzed with selective electrodes. The combustion studies were carried out on a pilot installation. The fluidized bed combustor is square in cross section with each side being 300 mm long. There is secondary air supply to the freeboard at different heights to deal with high volatile fuels as almost all waste materials are. The temperatures in the bed and in the freeboard and that of the flue gases leaving the reactor were continuously monitored. The results obtained suggest that, while coal releases nitrogen mostly as HCN, residues like RDF and sewage sludge give out fuel-N in greater quantities as NH{sub 3}. Residues at fluidized bed combustion (FBC) temperatures release more than 80% of the fuel-N with the volatiles. The NH{sub 3} evolved during pyrolysis acted as a reducing agent on NOX emissions. The presence of calcium significantly reduces the emission of N{sub 2}O probably by interfering with HCN chemistry. With high amounts of residues in the fuel mixture, the relative importance of char on the nitrogen chemistry substantially decreases. By using cocombustion, it is possible to reduce fuel-N conversion to NOX and N{sub 2}O, by tuning the amounts of coal and residue in the mixture. 29 refs., 18 figs., 3 tabs.

Nitrogen acquisition by pea and barley and the effect of their crop residues on available nitrogen for subsequent crops

DEFF Research Database (Denmark)

Jensen, E.S.

1996-01-01

Nitrogen acquisition by field pea (Pisum sativum L.) and spring barley (Hordeum vulgare L.) grown on a sandy loam soil and availability of N in three subsequent sequences of a cropping system were studied in an outdoor pot experiment. The effect of crop residues on the N availability was evaluated....... The dry matter production and total N uptake of a spring barley crop following pea or barley, with a period of unplanted soil in the autumn/winter, were significantly higher after pea than after barley. The barley crop following pea and barley recovered 11% of the pea and 8% of the barley residue N...

Covalent binding of nitrogen mustards to the cysteine-34 residue in human serum albumin

NARCIS (Netherlands)

Noort, D.; Hulst, A.G.; Jansen, R.

2002-01-01

Covalent binding of various clinically important nitrogen mustards to the cysteine-34 residue of human serum albumin, in vitro and in vivo, is demonstrated. A rapid method for detection of these adducts is presented, based on liquid chromatography-tandem mass spectrometry analysis of the adducted

Erratum to: Estimating the crop response to fertilizer nitrogen residues in long-continued field experiments

DEFF Research Database (Denmark)

Petersen, Jens; Thomsen, Ingrid Kaag; Mattson, L

2012-01-01

Knowledge of the cumulated effect of long-continued nitrogen (N) inputs is important for both agronomic and environmental reasons. However, only little attention has been paid to estimate the crop response to mineral fertilizer N residues. Before interpreting estimates for the crop response...

Wheat nitrogen fertilizer residues on an ultisol from the IX Region

International Nuclear Information System (INIS)

Rouanet M, Juan Luis; Pino N, Ines; Nario M, Adriana; Jobet, Claudio; Parada V, Ana Maria; Videla L, Ximena

2005-01-01

The soil nitrogen fertilizer residue is a relevant issue on a wheat production system at the IX Region of Chile, due to the high level of yield and use of resources, having an environmental impact from the use of fertilizer economy. The N-soil residue, not absorb by the plant, can be leach and contaminate the groundwater with nitrates or be redistributed by erosion. The application of isotopic techniques, using fertilizer labeled with 15 N, providing the quantitative information of the fate of this nutrient in the plant-soil system, important in the rate formulation based on the nitrogen use efficiency and in the benefit/cost relation. An assay was carried out in an Ultisol Metrenco Soil (Family fine, mixed, mesic, Typic Paleudults) at Pumalal locality. A Kumpa wheat variety was used, with a control treatment and five N rates applied as Urea labeled with 10% 15 N a.e., split in four times during the crop growth cycle. Total N (Kjeldhal) and 15 N optical emission spectrometer were determined in grain and straw samples harvested in February. Before to the next sow on may, soil sample were taken with an 3 cm diameter hugger (0-20; 20-40 and 40-60 cm depth). The samples were air dried, sieved and analyzed for total N and 15 N. The parameters determined for each depth were: N total (%), 15 N a.e. to obtain the plant-soil system N fertilizer recovery and its N residues in the soil profile. The wheat yield obtained was related with a cubic model using the N fertilizer rate applied (R 2 =0.75). The highest yield for the grain, 9.8 Mg ha -1 , was obtained applying 197 k ha -1 of N, with 45% of 15 N recovered by the grain. Nevertheless, the soil-crop system obtained a high 15 N recovery (>88%), in the soil remained 32-60% as N residue, being not used by the plant during the growth period. Between 27-54% of the 15 N total residue was found at the 0-20 cm soil depth, portion that is susceptible of distribution by erosion, implied in the use of fertilizer economy. Around 4

The Effects of Source and Rate of Nitrogen Fertilizer and Irrigation on Nitrogen Uptake of Silage Corn and Residual Soil Nitrate

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M. A. Khodshenas

2016-09-01

Full Text Available Introduction: Growing irrigation demand for corn production, along side with draws of ground water from stressed water sources, should be limited due to scarce resources and environmental protection aspects. Nitrogen fertilizer applied at rates higher than the optimum requirement for crop production may cause an increase in nitrate accumulation below the root zone and pose a risk of nitrate leaching. Improving nitrogen management for corn production has a close relation with soil water content. In this study, we investigated the effects of source and rate of nitrogen fertilizer and irrigation on silage corn production and nitrogen concentration, nitrogen uptake and residual soil nitrate in two depths. Materials and Methods: This experiment carried out as split spli- plot in a Randomized Complete Block design (RCBD with three replications, in Arak station (Agricultural research center of markazi province, 34.12 N, 49.7 E; 1715 m above mean sea level during three years. The soil on the site was classified as a Calcaric Regosols (loamy skeletal over fragmental, carbonatic, thermic, calcixerollic xerochrepts. Main plots were irrigation treatments based on 70, 100 and 130 mm cumulative evaporation from A class Pan. Sub plots were two kinds of nitrogen fertilizers (Urea and Ammonium nitrate and sub sub-plots were five levels of nitrogen rates (0, 100, 200, 300 and 400 kgN.ha-1. Nitrogen fertilizer rates were split into three applications: 1/3 was applied at planting, 1/3 at 7-9 leaf stage and 1/3 remainder was applied before tasseling as a banding method. Phosphorus was applied at a rate of 150 kg.ha-1in each season and potassium at a rate of 30kg.ha-1 (only in first growth season based on soil testing as triple super phosphate and potassium sulfate, respectively. The corn variety of single cross 704 was planted at 20 m2 plots. The plants were sampled at dough stage from the two rows and weighted in each plot. Plant samples were dried in a forced air

Nitrogen immobilization in plant growth substrates: clean chip residual, pine bark and peat moss

Science.gov (United States)

A study was undertaken to determine the extent of nitrogen (N) immobilization and microbial respiration in a high wood-fiber content substrate (clean chip residual (CCR)). Control treatments of pine bark (PB) and peat moss (PM) were compared to two screen sizes (0.95 cm and 0.48 cm) of CCR for micro...

Nitrogen Transfer from Cover Crop Residues to Onion Grown under Minimum Tillage in Southern Brazil

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Leoncio de Paula Koucher

2017-08-01

Full Text Available ABSTRACT Nitrogen derived from cover crop residues may contribute to the nutrition of onion grown under minimum tillage (MT and cultivated in rotation. The aim of this study was to evaluate the N transferred from different cover crop residues to the onion crop cultivated under MT in southern Brazil. In June 2014, oilseed radish, black oat, and oilseed radish + black oat residues labeled with 15N were deposited on the soil surface before transplanting onions. During the growth season and at harvest, young expanded onion leaves, complete plants, and samples from different soil layers were collected and analyzed for recovery of 15N-labeled residue. Oilseed radish decomposed faster than other residues and 4 % of residue N was recovered in leaves and bulbs at harvest, but in general, N in plant organs was derived from sources other than the cover crop residues. In addition, leaf N was in the proper range for all treatments and was adequately mobilized to the bases for bulbing. The N derived from decomposing residues contributed little to onion development and the use of these plants should be chosen based on their advantages for physical and biological soil quality.

Nitrogen accumulation and residual effects of nitrogen catch crops

DEFF Research Database (Denmark)

Jensen, E.S.

1991-01-01

The nitrogen accumulation in Italian ryegrass (Lolium multiflorum Lam.), perennial ryegrass (Lolium perenne L.), white mustard (Sinapis alba L.) and tansy phacelia (Phacelia tanacetifolia L.), under- or aftersown as nitrogen catch crops to spring barley (Hordeum vulgare L.) and field pea (Pisum s...

Forest fuel reduces the nitrogen load

International Nuclear Information System (INIS)

Lundborg, A.

1993-03-01

A study of the literature was made on the basis of the following hypothesis: ''If nitrogen-rich felling residues are removed from the forest, the nitrogen load on the forest ecosystem is decreased and the risk of nitrogen saturation also decreases''. The study was designed to provide information on how the nitrogen situation is influenced if felling residues are removed from nitrogen-loaded forests and used as fuel. Felling residues release very little nitrogen during the first years after felling. They can immobilize nitrogen from the surroundings, make up a considerable addition to the nitrogen store in the soil, but also release nitrogen in later stages of degradation. The slash has an influence on the soil climate and thus on soil processes. Often there is an increase in the mineralization of litter and humus below the felling residues. At the same time, nitrification is favoured, particularly if the slash is left in heaps. Felling residues contain easily soluble nutrients that stimulate the metabolization of organic matter that otherwise is rather resistant to degradation. The slash also inhibits the clear-cut vegetation and its uptake of nitrogen. These effects result in increased leaching of nitrogen and minerals if the felling residues are left on the site. (99 refs.)

40 CFR 91.207 - Credit calculation and manufacturer compliance with emission standards.

Science.gov (United States)

2010-07-01

... engine family in kW (sales weighted). The power of each configuration is the rated output in kilowatts as... emission standards. (a) For each engine family, certification emission credits (positive or negative) are... of nitrogen credit status for an engine family, whether generating positive credits or negative...

Effect of organic fertiliser residues from rice production on nitrogen fixation of soya (Glycine max L. Merrill, Chiang Mai 60 variety

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Nattida Luangmaka

2013-09-01

Full Text Available A field study was undertaken on the residual effect of organic fertilisers applied to the preceding rice cropping on nitrogen fixation of soya in a rice-soya cropping system. The experiment was conducted on a farmer’s lowland paddy in Mae Rim district, Chiang Mai province, Thailand. Organic fertiliser treatments assigned were: 1 control (no fertiliser, 2 animal manure of cattle (AM, 3 compost (CP, 4 azolla (AZ, 5 AM + CP, 6 AM + AZ, 7 CP + AZ and 8 AM + CP + AZ. Soya seeds were planted without rhizobial inoculation in December 2011, four months after the application of organic fertilisers. Nodule weight, total shoot nitrogen accumulation and relative ureide index at various growth stages were recorded as the indices of nitrogen fixation. Results of the study demonstrate that the residues from the application the organic fertilisers of narrow C/N ratios during the land preparation for rice cropping four months before soya cultivation promoted nitrogen fixation by native rhizobia.

Nitrogen availability of biogas residues

Energy Technology Data Exchange (ETDEWEB)

El-Sayed Fouda, Sara

2011-09-07

The objectives of this study were to characterize biogas residues either unseparated or separated into a liquid and a solid phase from the fermentation of different substrates with respect to their N and C content. In addition, short and long term effects of the application of these biogas residues on the N availability and N utilization by ryegrass was investigated. It is concluded that unseparated or liquid separated biogas residues provide N at least corresponding to their ammonium content and that after the first fertilizer application the C{sub org}:N{sub org} ratio of the biogas residues was a crucial factor for the N availability. After long term application, the organic N accumulated in the soil leads to an increased release of N.

Suitability of peanut residue as a nitrogen source for a rye cover crop

OpenAIRE

Balkcom,Kipling Shane; Wood,Charles Wesley; Adams,James Fredrick; Meso,Bernard

2007-01-01

Leguminous winter cover crops have been utilized in conservation systems to partially meet nitrogen (N) requirements of succeeding summer cash crops, but the potential of summer legumes to reduce N requirements of a winter annual grass, used as a cover crop, has not been extensively examined. This study assessed the N contribution of peanut (Arachis hypogaea L.) residues to a subsequent rye (Secale cereale L.) cover crop grown in a conservation system on a Dothan sandy loam (fine-loamy, kaoli...

Decomposition of rice residue in tropical soils, 2

International Nuclear Information System (INIS)

Yoneyama, Tadakatsu; Yoshida, Tomio

1977-01-01

The decomposition processes of intact rice residue (leaf blades) in the Maahas soil in the Philippines were investigated. Three sets of beakers simulating both lowland and upland conditions were incubated in the dark at 30 deg. C. One set of beakers had neither rice residue nor fertilizer. Pieces of leaf blades weighing 204 mg (dry weight) were inserted in the second set. Pieces of leaf blades were inserted in the third set, and 200 ppm of fertilizer nitrogen as 15 N-labelled ammonium sulfate was added. The experiment dealt with the nitrogen immobilization by rice residue under lowland and upland conditions. The rice residue which has contained low nitrogen absorbed nitrogen from the soil and from the added fertilizer (ammonium sulfate) during its decomposition under both conditions. Under the lowland condition, the amount of nitrogen immobilized was small during the first week, but became large after 2 or 3 weeks. Under the upland condition, the immobilized nitrogen reached its maximum during the first week, but the amount was not so large as that under the lowland condition. The added fertilizer stimulated the decrease of weight of the rice residue in the early incubation period, but retarded it later under both conditions. The absorption of fertilizer by the rice residue ceased at the early stage of residue decomposition, but the nitrogen content of the residue continued to increase. (Iwakiri, K.)

Nitrous oxide emissions from yellow brown soil as affected by incorporation of crop residues with different carbon-to-nitrogen ratios: a case study in central China.

Science.gov (United States)

Lin, Shan; Iqbal, Javed; Hu, Ronggui; Shaaban, Muhammad; Cai, Jianbo; Chen, Xi

2013-08-01

To investigate the influence of crop residues decomposition on nitrous oxide (N2O) emission, a field study was performed with application of crop residues with different C:N ratios in a bare yellow brown soil at the experimental station of Zhangjiachong at Zigui, China. We set up six experimental treatments: no crop residue (CK), rapeseed cake (RC), potato stalk (PS), rice straw (RS), wheat straw (WS), and corn straw (CS). The carbon (C) to nitrogen (N) ratios of these crop residues were 7.5, 32.9, 40.4, 65.7, and 90.9, respectively. Nitrous oxide fluxes were measured using a static closed chamber method. N2O emissions were significantly enhanced by incorporation of crop residues. Cumulative N2O emissions negatively correlated with C:N ratio (R (2) = 0.9821) of the crop residue, but they were positively correlated with average concentrations of dissolved organic carbon and microbial biomass carbon. Nitrogen emission fraction, calculated as N2O-N emissions originated from the crop residues N, positively correlated with C:N ratio of the residues (P emissions because a significant correlation (P emissions in all treatments except the control. In contrast, a significant relationship between soil moisture and N2O emissions was found in the control only. Furthermore, N2O emission significantly correlated (P carbon and nitrogen contents can significantly alter soil N2O flux rates; and (2) soil biotic as well as abiotic variables are critical in determining soil-atmospheric N2O emissions after crop residue incorporation into soil.

Multi-Seasonal Nitrogen Recoveries from Crop Residue in Soil and Crop in a Temperate Agro-Ecosystem.

Science.gov (United States)

Hu, Guoqing; Liu, Xiao; He, Hongbo; Zhang, Wei; Xie, Hongtu; Wu, Yeye; Cui, Jiehua; Sun, Ci; Zhang, Xudong

2015-01-01

In conservation tillage systems, at least 30% of the soil surface was covered by crop residues which generally contain significant amounts of nitrogen (N). However, little is known about the multi-seasonal recoveries of the N derived from these crop residues in soil-crop systems, notably in northeastern China. In a temperate agro-ecosystem, 15N-labeled maize residue was applied to field surfaces in the 1st year (2009). From the 2nd to 4th year (2010-2012), one treatment halted the application of maize residue, whereas the soil in the second treatment was re-applied with unlabeled maize residue. Crop and soil samples were collected after each harvest, and their 15N enrichments were determined on an isotope ratio mass spectrometer to trace the allocation of N derived from the initially applied maize residue in the soil-crop systems. On average, 8.4% of the maize residue N was recovered in the soil-crop in the 1st year, and the vast majority (61.9%-91.9%) was recovered during subsequent years. Throughout the experiment, the cumulative recovery of the residue N in the crop increased gradually (18.2%-20.9%), but most of the residue N was retained in the soil, notably in the 0-10 cm soil layer. Compared to the single application, the sequential residue application significantly increased the recovery of the residue N in the soil profile (73.8% vs. 40.9%) and remarkably decreased the total and the initially applied residue derived mineral N along the soil profile. Our results suggested that the residue N was actively involved in N cycling, and its release and recovery in crop and soil profile were controlled by the decomposition process. Sequential residue application significantly enhanced the retention and stabilization of the initially applied residue N in the soil and retarded its translocation along the soil profile.

Utilization of residual nitrogen (15N) from cover crop and urea by corn

International Nuclear Information System (INIS)

Silva, Edson Cabral da; Muraoka, Takashi; Trivelin, Paulo Cesar Ocheuze; Buzetti, Salatier; Veloso, Marcos Emanuel da Costa

2006-01-01

The majority of N from mineral fertilizers and cover crops is usually not used by the very next corn crop, but can be absorbed by follow-up crops. The objective of this study was to evaluate the use of residual nitrogen from urea, sunnhemp (Crotalaria juncea) and millet (Pennisetum americanum) labeled with 15 N, applied to no-tillage corn in the previous growing season, in a Red Latosol of the Cerrado. The study was conducted in an experimental farm of the Sao Paulo State University (UNESP), Ilha Solteira, in Selviria county (MS), Brazil, in different areas. The experiment had a randomized complete block design, with 15 treatments and four replications. Treatments were applied to corn crop in the 2001/02 and 2003/04 growing seasons. They were distributed in a 3 x 5 factorial layout, representing the combination of three cover crops: sunnhemp, millet and spontaneous vegetation (fallow) and five N rates (as urea): 0, 30, 80, 130, and 180 kg ha-1 of N. After corn harvest, the two areas were followed in the dry season and were followed by corn crop in the 2002/03 (experiment 1) and 2003/04 (experiment 2) growing seasons, using the same fertilizer rate on all plots to distinguish the residual effect of N sources. The average use of residual N from the millet and sunnhemp residues (above-ground part) by corn crop was less than 3.5 and 3 %, respectively, of the initial amount. The corn uptake of residual N from urea increased in a quadratic manner in experiment 1 and linearly in experiment Two as a response to the applied N rates, and the recover was below 3 %. The cover crop type did not affect the use of residual N of urea by corn, and vice-versa. (author)

Behaviour and fate of animal waste nitrogen and soluble ions in the agricultural environment with particular reference to rice. Part of a coordinated programme on agricultural nitrogen residues with particular reference to their conservation as fertilizers and behaviour as potential pollutants

International Nuclear Information System (INIS)

Kobayashi, H.

1976-11-01

The fate of residual nitrogen and its fertilizer efficiency following application to rice plants in pots under controlled laboratory conditions have been studied. Nitrogen was applied as 15 N labelled fecal waste from goat and hog, and as chemical fertilizer (ammonium sulphate) respectively. Animal waste nitrogen was less effective than ammonium sulphate nitrogen in terms of rice yield. On the other hand residual nitrogen in the high soil layers was much higher for the organic nitrogen application and there appeared to be lower losses by volatilization (20-30% for animal waste N, 30-40% for ammonium sulphate nitrogen). Leaching losses were minimal and similar for both kinds of N-application (ca. 1%). Similar results were obtained under field conditions with alluvial, and ''sandy'' soils respectively. Plant recovery of N was greater from ammonium sulphate than from animal waste but overall losses in total balance studies appeared greater for N applied as ammonium sulphate under otherwise comparable conditions (30-40% of N applied as ammonium sulphate and 19-32% of N applied as fecal waste)

Effect of different nitrogen application types on nitrogen utilization efficiency and fate of fertilizer for sugacane

International Nuclear Information System (INIS)

Wei Jianfeng; Wei Dongping; Liu Huanyu; Chen Chaojun; Lan Libin; Liang He

2013-01-01

A pot experiment in greenhouse was conducted with "1"5N-labeled urea 5 g/pot (equal to 450 kg · hm"-"2) total nitrogen by three kinds of treatments of disposable bottom application nitrogen before sowing (T1), 50% nitrogen before sowing and 50% nitrogrn during tillering stage (T2), and 30% nitrogen before sowing, 30% nitrogen during tillering stage and 40% nitrogen applied during elongation stage (T3) to investigate the use efficiency and fate of fertilizer nitrogen using the sugarcane cultivar ROC22. Results showed that almost 18% ∼ 29% of total N uptake by sugarcane was supplied by fertilizer, and 71% ∼ 82% N derived from soil and seed-stem. Nitrogen use efficiency ranged from 21.0% to 34.52%, with "1"5N-fertilizer residue of 37.61% ∼ 44.13%, and "1"5N-fertilizer loss of 21.35% ∼ 41.39% among three treatments. Under the three levels of nitrogen application, residual was "1"5N-fertilizer was mainly distributed in 0 ∼ 20 cm top soil. The uptake of nitrogen and the proportion of total N from fertilizer in sugarcane plant, the yield of stalk and sugar after the nitrogen applied, and the use efficiency and residue ratio of "1"5N-fertilizer increased significantly over time, while loss rate of "1"5N-fertilizer decreased significantly with a slight decline trend of nitrogen distribution and sucrose accumulation in stalk. The results also indicated that after the nitrogen applied the amounts "1"5N-fertilizer residue in 0 ∼ 20 cm top soil showed a rising trend, but dropped in 20 ∼ 40 cm soil profile. From the viewpoints of economic benefit and ecological benefit, the nitrogen fertilizer applied of T3 could be optimal treatment. (authors)

Multi-Seasonal Nitrogen Recoveries from Crop Residue in Soil and Crop in a Temperate Agro-Ecosystem.

Directory of Open Access Journals (Sweden)

Guoqing Hu

Full Text Available In conservation tillage systems, at least 30% of the soil surface was covered by crop residues which generally contain significant amounts of nitrogen (N. However, little is known about the multi-seasonal recoveries of the N derived from these crop residues in soil-crop systems, notably in northeastern China. In a temperate agro-ecosystem, 15N-labeled maize residue was applied to field surfaces in the 1st year (2009. From the 2nd to 4th year (2010-2012, one treatment halted the application of maize residue, whereas the soil in the second treatment was re-applied with unlabeled maize residue. Crop and soil samples were collected after each harvest, and their 15N enrichments were determined on an isotope ratio mass spectrometer to trace the allocation of N derived from the initially applied maize residue in the soil-crop systems. On average, 8.4% of the maize residue N was recovered in the soil-crop in the 1st year, and the vast majority (61.9%-91.9% was recovered during subsequent years. Throughout the experiment, the cumulative recovery of the residue N in the crop increased gradually (18.2%-20.9%, but most of the residue N was retained in the soil, notably in the 0-10 cm soil layer. Compared to the single application, the sequential residue application significantly increased the recovery of the residue N in the soil profile (73.8% vs. 40.9% and remarkably decreased the total and the initially applied residue derived mineral N along the soil profile. Our results suggested that the residue N was actively involved in N cycling, and its release and recovery in crop and soil profile were controlled by the decomposition process. Sequential residue application significantly enhanced the retention and stabilization of the initially applied residue N in the soil and retarded its translocation along the soil profile.

Effect of feeding tamarind kernel powder extract residue on digestibility, nitrogen availability and ruminal fermentation in wethers.

Science.gov (United States)

Wang, Lin; Nakanishi, Takashi; Sato, Yoshiaki; Oishi, Kazato; Hirooka, Hiroyuki; Takahashi, Kei; Kumagai, Hajime

2017-03-01

This study was to examine in vivo digestibility, nitrogen balance and ruminal fermentation of tamarind ( Tamarind indica ) kernel powder extract residue (TKPER) compared to soybean products and by-products in wethers. Four wethers with initial body weight (BW) of 51.6±5.5 kg were assigned in a 4×4 Latin square design to investigate nutritional characteristics of TKPER, dry heat soybean (SB), dry soybean curd residue (SBCR) and soybean meal (SBM) feeding with ryegrass straw (R) at a ratio of 1:1 at 2% of BW in dry matter (DM) on a daily basis. The digestibility of DM, crude protein, and ether extract (EE) of TKPER-R diet were 57.0%, 87.0%, and 86.0%, respectively. Higher non-fiber carbohydrates digestibility was observed in TKPER-R diet (83.2%) than in SB-R diet (73.9%, pruminal ammonia nitrogen (NH 3 -N) contents at 4 h after feeding than those fed the SBM-R diet (pcontent, as well as lower acetate to propionate ratio (C2:C3) in rumen fluid than SBM feeding at 4 h after feeding (pruminants.

Amelioration of bauxite residue sand by intermittent additions of nitrogen fertiliser and leaching fractions: The effect on growth of kikuyu grass and fate of applied nutrients.

Science.gov (United States)

Kaur, Navjot; Phillips, Ian; Fey, Martin V

2016-04-15

Bauxite residue, a waste product of aluminium processing operations is characterised by high pH, salinity and exchangeable sodium which hinders sustainable plant growth. The aim of this study was to investigate the uptake form, optimum application rate and timing of nitrogen fertiliser to improve bauxite residue characteristics for plant growth. Kikuyu grass was grown in plastic columns filled with residue sand/carbonated residue mud mixture (20:1) previously amended with gypsum, phosphoric acid and basal nutrients. The experiment was set up as a 4×4 factorial design comprising four levels of applied nitrogen (N) fertiliser (0, 3, 6 and 12mgNkg(-1) residue) and four frequencies of leaching (16, 8 and 4day intervals). We hypothesised that the use of ammonium sulfate fertiliser would increase retention of N within the rhizosphere thereby encouraging more efficient fertiliser use. We found that N uptake by kikuyu grass was enhanced due to leaching of excess salts and alkalinity from the residue profile. It was also concluded that biomass production and associated N uptake by kikuyu grass grown in residue is dependent on the type of fertiliser used. Copyright © 2016 Elsevier B.V. All rights reserved.

INFLUENCE OF LEGUME RESIDUE AND NITROGEN FERTILIZER ...

African Journals Online (AJOL)

USER

to search for more arable land with reduction in fallow period and decline in fertility ... The stalks are used as feed, fuel, thatch making and in roofing houses. ... soil nitrogen content can be a practicable alternative to reduce the use of chemical .... significance of legume in nitrogen fixation and its inclusion to cropping system.

Contribution of Eucalyptus Harvest Residues and Nitrogen Fertilization to Carbon Stabilization in Ultisols of Southern Bahia

Directory of Open Access Journals (Sweden)

Fernanda Cristina Caparelli Oliveira

2018-02-01

Full Text Available ABSTRACT: Eucalyptus forests in southern Bahia (BA are planted in soils with a sandy surface layer and humid tropical climate, conditions that lead to soil carbon (C decomposition. Recent studies have shown that nitrogen (N may be important for soil C stabilization. The aim of this study was to evaluate the contribution of Eucalyptus harvest residues and nitrogen fertilization to C stabilization in Ultisols of southern BA. The experiment was conducted in Eucalyptus clonal plantations cultivated in two regions of Eunápolis, BA, Brazil, with different clay content: southern region (140 g kg-1 of clay and western region (310 g kg-1 of clay. Five treatments were evaluated: one control (CTR, without Eucalyptus harvest residues and N fertilization, and four treatments with harvest residues combined with four rates of N fertilization: 0, 25, 50, and 100 kg ha-1. Soil samples were collected from the 0.00-0.10, 0.10-0.20, 0.20-0.40, and 0.40-0.60 m layers at the beginning and the end of the experiment (36 months. The amount of C and N and the C and N isotopic ratio (δ13C and δ15N of particulate organic matter (POM and mineral-associated organic matter (MAOM were determined. In the southern region after 36 months, the C-MAOM stocks in the 0.00-0.10 m layer of the CTR decreased by 33 %. The addition of harvest residue followed by 100 kg ha-1 N increased C-POM and N-POM stocks (0.00-0.10 m compared to the CTR, and the final N-POM stocks and residue-C recovery in the surface soil layer were positively correlated with the increase in N fertilization rates. In the western region, residue maintenance resulted in increased C-MAOM stocks (0.00-0.10 m compared to the CTR, but an increase in N availability reduced this increment. The increase in N fertilization rates did not alter C stocks, but reduced N stocks of POM and MAOM in the upper soil layer. At the end of the experiment, N fertilizer recovery (0.00-0.60 m was similar among the regions evaluated. In

Forest fuel reduces the nitrogen load - calculations of nitrogen flows

International Nuclear Information System (INIS)

Burstroem, F.; Johansson, Jan.

1995-12-01

Nitrogen deposition in Sweden has increased strongly during recent decades, particularly in southern Sweden. Nitrogen appears to be largely accumulated in biomass and in the soil. It is therefore desirable to check the accumulation of nitrogen in the forest. The most suitable way of doing this is to remove more nitrogen-rich biomass from the forest, i.e., increase the removal of felling residues from final fellings and cleanings. An ecological condition for intensive removal of fuel is that the ashes are returned. The critical load for nitrogen, CL(N), indicates the level of nitrogen deposition that the forest can withstand without leading to ecological changes. Today, nitrogen deposition is higher than the CL(N) in almost all of Sweden. CL(N) is calculated in such a manner that nitrogen deposition should largely be balanced by nitrogen losses through harvesting during a forest rotation. The value of CL(N) thus largely depends on how much nitrogen is removed with the harvested biomass. When both stems and felling residues are harvested, the CL(N) is about three times higher than in conventional forestry. The increase is directly related to the amount of nitrogen in the removed biofuel. Use of biofuel also causes a certain amount of nitrogen emissions. From the environmental viewpoint there is no difference between the sources of the nitrogen compounds. An analysis of the entire fuel chain shows that, compared with the amount of nitrogen removed from the forest with the fuel, about 5 % will be emitted as nitrogen oxides or ammonia during combustion, and a further ca 5 % during handling and transports. A net amount of about 90 % of biomass nitrogen is removed from the system and becomes inert nitrogen (N 2 ). 60 refs, 3 figs, 4 tabs, 11 appendices

Effect of nitrogen fertilization and residue management practices on ammonia emissions from subtropical sugarcane production

Science.gov (United States)

mudi, Sanku Datta; Wang, Jim J.; Dodla, Syam Kumar; Arceneaux, Allen; Viator, H. P.

2016-08-01

Ammonia (NH3) emission from soil is a loss of nitrogen (N) nutrient for plant production as well as an issue of air quality, due to the fact that it is an active precursor of airborne particulate matters. Ammonia also acts as a secondary source of nitrous oxide (N2O) emission when present in the soil. In this study, the impacts of different sources of N fertilizers and harvest residue management schemes on NH3 emissions from sugarcane production were evaluated based on an active chamber method. The field experiment plots consisting of two sources of N fertilizer (urea and urea ammonium nitrate (UAN)) and two common residue management practices, namely residue retained (RR) and residue burned (RB), were established on a Commerce silt loam. The NH3 volatilized following N fertilizer application was collected in an impinger containing diluted citric acid and was subsequently analyzed using ion chromatography. The NH3 loss was primarily found within 3-4 weeks after N application. Average seasonal soil NH3 flux was significantly greater in urea plots with NH3-N emission factor (EF) twice or more than in UAN plots (2.4-5.6% vs. 1.2-1.7%). The RR residue management scheme had much higher NH3 volatilization than the RB treatment regardless of N fertilizer sources, corresponding to generally higher soil moisture levels in the former. Ammonia-N emissions in N fertilizer-treated sugarcane fields increased with increasing soil water-filled pore space (WFPS) up to 45-55% observed in the field. Both N fertilizer sources and residue management approaches significantly affected NH3 emissions.

CREDIT SYSTEM AND CREDIT GUARANTEE PROGRAMS

OpenAIRE

Turgay GECER

2012-01-01

Credit system is an integrated architecture consisted of financial information, credit rating, credit risk management, receivables and credit insurance systems, credit derivative markets and credit guarantee programs. The main purpose of the credit system is to provide the functioning of all credit channels and to make it easy to access of credit sources demanded by all of real and legal persons in any economic system. Credit guarantee program, the one of prominent elements of the credit syst...

The global stoichiometry of litter nitrogen mineralization.

Science.gov (United States)

Manzoni, Stefano; Jackson, Robert B; Trofymow, John A; Porporato, Amilcare

2008-08-01

Plant residue decomposition and the nutrient release to the soil play a major role in global carbon and nutrient cycling. Although decomposition rates vary strongly with climate, nitrogen immobilization into litter and its release in mineral forms are mainly controlled by the initial chemical composition of the residues. We used a data set of approximately 2800 observations to show that these global nitrogen-release patterns can be explained by fundamental stoichiometric relationships of decomposer activity. We show how litter quality controls the transition from nitrogen accumulation into the litter to release and alters decomposers' respiration patterns. Our results suggest that decomposers lower their carbon-use efficiency to exploit residues with low initial nitrogen concentration, a strategy used broadly by bacteria and consumers across trophic levels.

Effect of soil-bound residues of malathion on microbial activities

International Nuclear Information System (INIS)

Hussain, A.; Iqbal, Z.; Asi, M.R.; Tahira, R.; Chudhary, J.A.

2001-01-01

The effect of soil-bound residues of malathion on CO/sub 2/ evolution, dehydrogenase activity and some nitrogen transformations in a loam soil was investigated under laboratory conditions. The soil samples containing bound residues arising from 10 mg g-1 of the applied malathion were mixed in equal quantity with fresh soil and compared with solvent extracted control soil without bound residues (extracted in the same way as soil containing bound residues). Another control comprising un extracted fresh soil without bound residues was also kept to study the effect of solvent extraction on the biological activity. Rate of Carbon mineralization (CO/sub 2/ evolution) was decreased in the presence of soil-bound residues of malathion. Bound residues also affected dehydrogenase activity of soil. Over 40% inhibition of dehydrogenase activity was observed after 4 days and the inhibition persisted at least for 12 days. Nitrogen mineralization was stimulated in soil containing bound residues of malathion and this stimulatory effect increased with time of incubation. Nitrification was partially inhibited in the presence of soil-bound residues of malathion. The inhibitory effect of the soil-bound residues on nitrification did not show much variation with time. The soil-bound residues did not affect denitrification rate (N/sub 2/O evolution). Nitrogen fixation (acetylene reduction) was partially inhibited in soil amended with bound residues of malathion and the inhibitory effect persisted for at least one week. In general, soil bound residues of malathion inhibited CO/sub 2/ evolution, dehydrogenase activity, nitrification and nitrogen fixation while mineralization of nitrogen was stimulated. Denitrification was not affected by the applied insecticide. (author)

California Air Resources board's mobil source emission reduction credit guidelines

International Nuclear Information System (INIS)

Dunwoody Lentz, C.; Werner, B.

1993-01-01

The California Air Resources Board has developed guidance for the generation and use of mobil source emission reduction credits. Mobil source credits can be used to improve air quality, or to mitigate increases in emissions associated with industrial and non-industrial sources. They are created by programs which reduce mobile source emission beyond the reductions required by federal, state, and local laws or air quality attainment plans. Significant amounts of credit can be generated by some types of programs which reduce mobile source emissions of oxides of nitrogen (NO x ) and reactive organic gases (ROG). Mobile source credit programs must be carefully structured to ensure that emission reductions are real, accurately quantified, enforceable, and have a defined life. Three potentially feasible programs for the creation of mobile source credits include accelerated retirement of older vehicles, purchase of low-emission buses, and purchase of zero-emission vehicles. These programs are evaluated for their ability to generate credit and to assess their cost effectiveness. Based on the examples presented, two methods of generating mobile source credits, the accelerated retirement of older vehicles and the purchase of low-emission buses, appear to be cost-effective when compared to other emission control measures

The interactive effect of fungicide residues and yeast assimilable nitrogen on fermentation kinetics and hydrogen sulfide production during cider fermentation.

Science.gov (United States)

Boudreau, Thomas F; Peck, Gregory M; O'Keefe, Sean F; Stewart, Amanda C

2017-01-01

Fungicide residues on fruit may adversely affect yeast during cider fermentation, leading to sluggish or stuck fermentation or the production of hydrogen sulfide (H 2 S), which is an undesirable aroma compound. This phenomenon has been studied in grape fermentation but not in apple fermentation. Low nitrogen availability, which is characteristic of apples, may further exacerbate the effects of fungicides on yeast during fermentation. The present study explored the effects of three fungicides: elemental sulfur (S 0 ) (known to result in increased H 2 S in wine); fenbuconazole (used in orchards but not vineyards); and fludioxonil (used in post-harvest storage of apples). Only S 0 led to increased H 2 S production. Fenbuconazole (≥0.2 mg L -1 ) resulted in a decreased fermentation rate and increased residual sugar. An interactive effect of yeast assimilable nitrogen (YAN) concentration and fenbuconazole was observed such that increasing the YAN concentration alleviated the negative effects of fenbuconazole on fermentation kinetics. Cidermakers should be aware that residual fenbuconazole (as low as 0.2 mg L -1 ) in apple juice may lead to stuck fermentation, especially when the YAN concentration is below 250 mg L -1 . These results indicate that fermentation problems attributed to low YAN may be caused or exacerbated by additional factors such as fungicide residues, which have a greater impact on fermentation performance under low YAN conditions. © 2016 The Authors. Journal of The Science of Food and Agriculture published by John Wiley & Sons Ltd on behalf of Society of Chemical Industry. © 2016 The Authors. Journal of The Science of Food and Agriculture published by John Wiley & Sons Ltd on behalf of Society of Chemical Industry.

Residual recovery and yield performance of nitrogen fertilizer applied at sugarcane planting

Directory of Open Access Journals (Sweden)

Henrique Coutinho Junqueira Franco

2015-12-01

Full Text Available ABSTRACTThe low effectiveness of nitrogen fertilizer (N is a substantial concern that threatens global sugarcane production. The aim of the research reported in this paper was to assess the residual effect of N-fertilizer applied at sugarcane planting over four crop seasons in relation to sugarcane crop yield. Toward this end three field experiments were established in the state of São Paulo, Brazil, during February of 2005 and July of 2009, in a randomized block design with four treatments: 0, 40, 80 and 120 kg ha−1 of N applied as urea during sugarcane planting. Within each plot, a microplot was established to which 15N-labeled urea was applied. The application of N at planting increased plant cane yield in two of the three sites and sucrose content at the other, whereas the only residual effect was higher sucrose content in one of the following ratoons. The combined effect was an increase in sugar yield for three of the 11 crop seasons evaluated. Over the crop cycle of a plant cane and three ratoon crops, only 35 % of the applied N was recovered, split 75, 13, 7 and 5 % in the plant cane, first, second and third ratoons, respectively. These findings document the low efficiency of N recovery by sugarcane, which increases the risk that excessive N fertilization will reduce profitability and have an adverse effect on the environment.

Simultaneous stripping recovery of ammonia-nitrogen and precipitation of manganese from electrolytic manganese residue by air under calcium oxide assist.

Science.gov (United States)

Chen, Hongliang; Liu, Renlong; Shu, Jiancheng; Li, Wensheng

2015-01-01

Leaching tests of electrolytic manganese residue (EMR) indicated that high contents of soluble manganese and ammonia-nitrogen posed a high environmental risk. This work reports the results of simultaneous stripping recovery of ammonia-nitrogen and precipitation of manganese by air under calcium oxide assist. The ammonia-nitrogen stripping rate increased with the dosage of CaO, the air flow rate and the temperature of EMR slurry. Stripped ammonia-nitrogen was absorbed by a solution of sulfuric acid and formed soluble (NH4)2SO4 and (NH4)3H(SO4)3. The major parameters that effected soluble manganese precipitation were the dosage of added CaO and the slurry temperature. Considering these two aspects, the efficient operation conditions should be conducted with 8 wt.% added CaO, 60°C, 800 mL min(-1) air flow rate and 60-min reaction time. Under these conditions 99.99% of the soluble manganese was precipitated as Mn3O4, which was confirmed by XRD and SEM-EDS analyses. In addition, the stripping rate of ammonia-nitrogen was 99.73%. Leaching tests showed the leached toxic substances concentrations of the treated EMR met the integrated wastewater discharge standard of China (GB8978-1996).

MODELING CREDIT RISK THROUGH CREDIT SCORING

OpenAIRE

Adrian Cantemir CALIN; Oana Cristina POPOVICI

2014-01-01

Credit risk governs all financial transactions and it is defined as the risk of suffering a loss due to certain shifts in the credit quality of a counterpart. Credit risk literature gravitates around two main modeling approaches: the structural approach and the reduced form approach. In addition to these perspectives, credit risk assessment has been conducted through a series of techniques such as credit scoring models, which form the traditional approach. This paper examines the evolution of...

Nitrogen fertilization (15NH4NO3 of palisadegrass and residual effect on subsequent no-tillage corn

Directory of Open Access Journals (Sweden)

Emerson Borghi

2014-10-01

Full Text Available Nitrogen is required in large amounts by plants and their dinamics in corn and perennial forages intercropped is little known. This study analyzed the efficiency of nitrogen fertilization (15NH4NO3 applied after corn grain harvest to palisadegrass (Brachiaria brizantha cv. Marandu in intercrops sown at two times, as well as the N residual effect on the subsequent corn crop. The field experiment was performed in Botucatu, São Paulo State, in southeastern Brazil, on a structured Alfisol under no-tillage. The experiment was arranged in a randomized block design in a split plot scheme with four replications. The main plots consisted of two intercropping systems (corn and palisadegrass sown together and palisadegrass sown later, at corn top-dressing fertilization. The subplots consisted of four N rates (0, 30, 60, and 120 kg ha-1 N. The subplots contained microplots, in which enriched ammonium nitrate (15NH4NO3 was applied at the same rates. The time of intercrop sowing affected forage dry matter production, the amount of fertilizer-derived N in and the N use efficiency by the forage plants. Nitrogen applied in autumn to palisadegrass intercropped with corn, planted either at corn sowing or at N top-dressing fertilization, increased the forage yield up to a rate of 60 kg ha-1. The amount of fertilizer-derived N by the forage plants and the fertilizer use efficiency by palisadegrass were highest 160 days after fertilization for both intercrop sowing times, regardless of N rates. Residual N did not affect the N nutrition of corn plants grown in succession to palisadegrass, but increased grain yield at rates of 60 and 120 kg ha-1 N, when corn was grown on palisadegrass straw from the intercrop installed at corn fertilization (top-dressing. Our results indicated that the earlier intercropping allowed higher forage dry matter production. On the other hand, the later intercrop allowed a higher corn grain yield in succession to N-fertilized palisadegrass.

Common bean growth, N uptake and seed production in sandy loam soil as affected by application of plant residues, nitrogen and irrigation level

International Nuclear Information System (INIS)

Abdallah, A.A.G.

2002-01-01

Field experiment was conducted at the experimental farm, Inshas, atomic energy authority, egypt. Common bean seeds e.v. Nebrasks were cultivated in sandy loan soil using drip irrigation system prepared for this purpose. Two water regimes, i.e., 100% (793.0 m 3 /fed.) and 65% (513.0 m 3 /fed.) of maximum available water were used in main plots. Where in sub plots two fertilizers types were applied i.e., soybean plant residues which contains N 15 labelled as an organic matter without any addition of any fertilizer and nitrogen as chemical fertilizer without using organic matter. The obtained results indicated that, application of plant residues was superior for total seed yield comparing to nitrogen fertilization treatments. This N source with irrigation level of 793.33 m 3 /fed. had a slight increase in total seed yield comparing with (513.0 m 3 /fed.). Irrigation level of 513.0 m 3 /fed. (65% MAW) as well as application of soybean plant residues showed the highest value of water use efficiency. The highest value of N seed percentage was obtained irrigation level with (513.0 m 3 /fed.). Soybean plant residues improved and increased seeds N content, and total seeds protein content. Both N chemical and irrigation level (65% Maw) recorded highest values with N 15 % atom excess. This result has been obtained at two growth stages and seed yield. The same trend of N 15 % atom excess reflected N utilized with both growth stages and seed yield

The Effect of Fungicide Residues and Yeast Assimilable Nitrogen on Fermentation Kinetics and H2S Production during Cider Fermentation

OpenAIRE

Boudreau IV, Thomas Francis

2016-01-01

The Virginia cider industry has grown rapidly in the past decade, and demands research-based recommendations for cider fermentation. This study evaluated relationships between the unique chemistry of apples and production of hydrogen sulfide (H2S) in cider fermentations. Yeast assimilable nitrogen (YAN) concentration and composition and residual fungicides influence H2S production by yeast during fermentation, but these factors have to date only been studied in wine grape fermentations. This ...

Nitrogen Released From Organic Residues Using 15N

International Nuclear Information System (INIS)

Galal, Y.G.M.; Gadalla, A.M.; Abdel Aziz, H.A.; Abdel Salam, A.A.; El-Degwy, S.M.A.

2008-01-01

Incubation technique was followed under laboratory condition to evaluate and determine the rate of organic residues decomposition as well as N released in media. Rice straw, soybean straw, and leuceana cutting residue were used. These materials were incubated on virgin sandy soil up to 90 days intervals. Cups with mixture of sand and organic residues were inoculated with fungi, bacteria and mixture of them. Un inoculated treatment was also included. Results showed that N released from the different organic materials was significant at 30 days of incubation. It seems that presence of Azotobacter was associated with enhanced demand on soluble N at this stage. Superiority of leucaena over the other two sources of rice straw and soybean straw occurred particularly during the 15 to 30.day period. In greenhouse experiment, the results indicated that N derived from organic materials was high and easily released from compost as mediated materials comparing to leucaena as undigested raw materials. In the same time, barley had more benefits from organic residues than lupine crop

Nitrogen recycling and methane production using Gracilaria tikvahiae: a closed system approach

Energy Technology Data Exchange (ETDEWEB)

Habig, C.; Andrews, D.A.; Ryther, J.H.

1984-01-01

The macroalga Gracilaria tikvahiae (Rhodophyta) was used in a closed system of materials to study methane production and nitrogen recycling. Twenty liter carboys served as digesters. The performance of these digesters mirrors results obtained with two- and four litre Gracilaria digesters with respect to optimal retention times for biogas production, methane content, and bioconversion efficiency to methane. Three groups of Gracilaria were cultivated in 850-L vaults to compare growth performance under three different enrichment treatments. These treatments consisted of an unfertilized group, a group raised on a typical commercial enrichment regime, and a group raised on the residues removed from the digester when additional substrate was loaded into the digester. The results indicate that growth of Gracilaria on the digester residue enrichment scheme is statistically similar to growth using a commercial enrichment mixture. In addition, the nitrogen content of the digester residue is described, along with nitrogen assimilation by Gracilaria and nitrogen recycling efficiencies. Both nitrogen assimilation and recycling efficiency closely parallel the ammonium content of the residue enrichment media. (Refs. 18).

Credit-proofing fundamentals for a solid credit policy

Energy Technology Data Exchange (ETDEWEB)

Lydiatt, I. [KeySpan Energy Canada, Calgary, AB (Canada)

2003-07-01

This Power Point presentation presented the basics of a credit policy with reference to corporate objectives, governance, credit definitions, subjective/objective elements, quantification of full risk, management, monitoring, reporting and gate-keeping processes. Options for a credit policy were described as being approval authority grids, confidentiality issues, credit scoring, corporate risk levels, follow-up collection calling, and procedures on unapproved exposures. Recommendations for setting risk and credit limits were also presented with a note emphasizing that in the past 6 months credit evaluation processes have had to deal with the media risk, a new risk that has not been seen before. This risk can be addressed by careful monitoring of stock prices. The paper also presented recommendations for what to look for as indicators and how to deal with risk in volatile price periods. Credit tools for volatile times were described. 1 tab.

Credit-proofing fundamentals for a solid credit policy

International Nuclear Information System (INIS)

Lydiatt, I.

2003-01-01

This Power Point presentation presented the basics of a credit policy with reference to corporate objectives, governance, credit definitions, subjective/objective elements, quantification of full risk, management, monitoring, reporting and gate-keeping processes. Options for a credit policy were described as being approval authority grids, confidentiality issues, credit scoring, corporate risk levels, follow-up collection calling, and procedures on unapproved exposures. Recommendations for setting risk and credit limits were also presented with a note emphasizing that in the past 6 months credit evaluation processes have had to deal with the media risk, a new risk that has not been seen before. This risk can be addressed by careful monitoring of stock prices. The paper also presented recommendations for what to look for as indicators and how to deal with risk in volatile price periods. Credit tools for volatile times were described. 1 tab

Residual effect of nitrogen fertilization and Azospirillum brasilense inoculation in the maize cultureEfeito residual da adubação nitrogenada e inoculação de Azospirillum brasilense na cultura do milho

Directory of Open Access Journals (Sweden)

Jackson Huzar Novakowiski

2011-12-01

Full Text Available The diazotrophic bacteria Azospirillum brasilense is an organism able to fix nitrogen of atmosphere and produce plant hormones. Nevertheless, there is lack of information with regard to use in field conditions, especially in production systems that have presence of animals in a determined year period. The objective of paper was to evaluate the association of the nitrogen residual effect of fertilization in pasture winter and the inoculation with A. brasilense in the maize culture. Were carried two experiments in Guarapuava (PR in season 2008/09 with randomized block design with split plots in three replication. The main parcel consisted of application 5 levels of N (0, 75, 150, 225 e 300 kg ha-1 in pasture of black oat and ryegrass occupied by bovines and 4 treatments in the maize (T1 = control; T2 = inoculation of A. brasilense; T3 = 75 kg ha-1 of N; T4 = 150 kg ha-1 of N. Were evaluated: plants population, ears per plant, productivity, mass thousand grains, damage grains, row per ear and grains per row. There was residual effect of nitrogen applied in the pasture on maize culture. The mass thousand grains and the number of rows per ear of maize presented quadratic response for increase of nitrogen level in the pasture. The inoculation of A. brasilense provided higher productivity than control same with increase the nitrogen level applied in the pasture, with quadratic response in the experiment 1 and linear in the experiment 2.A bactéria diazotrófica Azospirillum brasilense é um organismo capaz de fixar nitrogênio da atmosfera e produzir hormônios vegetais. No entanto, há carência de informações a respeito de seu uso em condições de campo, sobretudo em sistemas de produção que tem a presença de animais em um determinado período do ano. O objetivo do trabalho foi avaliar a associação do efeito residual da adubação nitrogenada na pastagem de inverno e a inoculação de A. brasilense na cultura do milho. Foram conduzidos dois

CO2 credit or energy credit in emission trading?

International Nuclear Information System (INIS)

Hu, E.

2002-01-01

Emission trading is a good concept and approach to tackle global warming. However, what ''currency'' or ''credit'' should be used in the trading has remained a debatable topic. This paper proposed an ''Energy Credit'' concept as an alternative to the ''CO 2 credit'' that is currently in place. From the thermodynamic point of view, the global warming problem is an ''energy balance'' problem. The energy credit concept is thought to be more thermodynamically correct and tackles the core of the global warming problem more directly. The Energy credit concept proposed can be defined as: the credit to offset the extra energy trapped/absorbed in the earth (and its atmosphere) due to the extra anthropogenic emission (or other activities) by a country or company. A couple of examples are given in the paper to demonstrate the concept of the Energy credit and its advantages over the CO 2 credit concept. (author)

Nitrogen saturation in experimental forested watersheds

Science.gov (United States)

Ivan J. Fernandez; Mary Beth Adams

2000-01-01

Daniel Rutherford is credited with the discovery of nitrogen (N) in 1772. A.L. Lavoisier, the 18th century French chemist, called this element "azote" which translates to "without life" because free N is incapable of supporting life: a fitting name for this element given the paradoxes it presents to society and its role in global ecology.

Nitrogen mineralization from selected 15N-labelled crop residues and humus as affected by inorganic nitrogen

International Nuclear Information System (INIS)

Santos, J.A.

1987-01-01

The use of cover crops or crop residues as a source of N to succeeding crops has become a matter of increasing importance for economic and environmental reason. Greenhouse and field studies were conducted to determine the N contribution of four 15 N labelled crop residues, rye (Secale cereale L.), wheat (Triticum aestivum L.), crimson clover (Trifolium encarnatum L.), and hairy vetch (Vicia sativa L.), to successive crops and to evaluate the effect of different organic (ON) and inorganic N (IN) combinations on mineralization of the above residues. Total 15 N recovery from the residues ranged from 51% to 85% and 4% to 74% for the greenhouse and field studies, respectively

Stimulation of nitrogen fixation in soddy-podzolic soils with fungi

Science.gov (United States)

Kurakov, A. V.; Prokhorov, I. S.; Kostina, N. V.; Makhova, E. G.; Sadykova, V. S.

2006-09-01

Stimulation of nitrogen fixation in soddy-podzolic soils is related to the hydrolytic activity of fungi decomposing plant polymers. It was found that the rate of nitrogen fixation upon the simultaneous inoculation of the strains of nitrogen-fixing bacteria Bacillus cereus var. mycoides and the cellulolytic fungus Trichoderma asperellum into a sterile soil enriched with cellulose or Jerusalem artichoke residues is two to four times higher than upon the inoculation of the strains of Bacillus cereus var. mycoides L1 only. The increase in the nitrogen fixation depended on the resistance of the substrates added into the soil to fungal hydrolysis. The biomass of the fungi decomposing plant polymers increased by two-four times. The nitrogen-fixing activity of the soil decreased when the growth of the fungi was inhibited with cycloheximide, which attested to a close correlation between the intensity of the nitrogen fixation and the decomposition of the plant polymers by fungi. The introduction of an antifungal antibiotic, together with starch or with plant residues, significantly (by 60-90%) decreased the rate of nitrogen fixation in the soll.

Review of Research on Credit Risk Management for Rural Credit Cooperatives

Directory of Open Access Journals (Sweden)

Xin Song

2017-03-01

Full Text Available With the rapid development of rural micro-credit, whether the qagriculture, rural areas and farmersq problems have been effectively solved, whether the credit risk has been effectively controlled, these have become the focus of our attention to the rural economic environment. The main content of this paper contains four aspects: the classification and characteristics of credit risk, the problems and factors of credit risk, the model and evaluation of credit risk, the countermeasures and suggestions of credit risk. This paper reviews the research of credit risk management for rural credit cooperatives from the above four aspects, and makes a brief summary.

Credit concession through credit scoring: Analysis and application proposal

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Oriol Amat

2017-01-01

Full Text Available Purpose: The study herein develops and tests a credit scoring model which can help financial institutions in assessing credit requests.  Design/methodology/approach: The empirical study has the objective of answering two questions: (1 Which ratios better discriminate the companies based on their being solvent or insolvent? and (2 What is the relative importance of these ratios? To do this, several statistical techniques with a multifactorial focus have been used (Multivariate Analysis of Variance, Linear Discriminant Analysis, Logit and Probit Models. Several samples of companies have been used in order to obtain and to test the model.  Findings: Through the application of several statistical techniques, the credit scoring model has been proved to be effective in discriminating between good and bad creditors.  Research limitations:  This study focuses on manufacturing, commercial and services companies of all sizes in Spain; Therefore, the conclusions may differ for other geographical locations. Practical implications:  Because credit is one of the main drivers of growth, a solid credit scoring model can help financial institutions assessing to whom to grant credit and to whom not to grant credit. Social implications: Because of the growing importance of credit for our society and the fear of granting it due to the latest financial turmoil, a solid credit scoring model can strengthen the trust toward the financial institutions assessment’s.  Originality/value: There is already a stream of literature related to credit scoring. However, this paper focuses on Spanish firms and proves the results of our model based on real data. The application of the model to detect the probability of default in loans is original.

Perspectives of the generation of carbon credits on the basis of the attainment of a fertilizer - exploitation of residues of biomass of brazilian agriculture

International Nuclear Information System (INIS)

Bernardi, Caterina Velleca

2009-01-01

In this work, whose approach is unknown in literature, the main lines of direction for the implementation of a Mechanism of Clean Development are presented, as well as the possibilities of generation of Certified Reduction of Emission and its valuation. By means of adjusted systems, indicated in literature, the approach amounts of carbonic gas had been raised that could be gotten, choosing itself for this work, the process of gasification of residues of biomass in some Brazilian agricultural cultures. In relation to the carbonic gas produced in the process it is suggested that to quantify the carbon credits, the capture is made through its setting in the production of a fertilizer that had its approach value searched in the market. To prove this possibility experiments in laboratory scale had become, holding back the CO 2 in the fertilizer ammonium bicarbonate. Thermogravimetric analyses, spectra infra-red ray, X-rays diffraction and CHN had been made and had confirmed that the product was the fertilizer ammonium bicarbonate. For the numerical values, it had been consulted in referring bibliographies, the Brazilian agricultural cultures with indices of production of known residues, establishing then a numerical database for the formation of the corresponding values. The results of this wok allow to affirm that a great potentiality for the exploitation of the resultant gases of the gasification of the residues of biomass, mainly of the carbonic gas in the production of a fertilizer exists and, with the possibility of implementation of a Mechanism of Clean Development in the country. (author)

Transformation of nitrogenous fertilizers of surface and deep application in calcareous soil

International Nuclear Information System (INIS)

Zuo Dongfeng

1990-01-01

The transformations of 15 N labelled fertilizer N in calcareous soil were studied under greennhouse conditions. The experimental results indicate that the ratio of fixed ammonium is closely related to the methods of fertilizer application to the soil. When fertilizer N applied as deep dressing the fixation of nitrogen by clay minerals and microorganisms may markedly reduce the losses of nitrogen, but the amount of nitrogen fixed by the clay minerals and that by microorganisms showed negative correlation (r = -0.9185 ** ). The more the amount of fixed nitrogen by clay minerals, the less by microorganisms. No obvious interrelation between the residual utilization of urea, ammonium bicarbonate, ammonium sulfate and the ammount of nitrogen fixed by organisms can be observed, but the residual utilization of these fertilizers by the succeeding crop has been related to the total amount of mineral nitrogen

Short-term contributions of cover crop surface residue return to soil carbon and nitrogen contents in temperate Australia.

Science.gov (United States)

Zhou, Xiaoqi; Wu, Hanwen; Li, Guangdi; Chen, Chengrong

2016-11-01

Cover crop species are usually grown to control weeds. After cover crop harvest, crop residue is applied on the ground to improve soil fertility and crop productivity. Little information is available about quantifying the contributions of cover crop application to soil total carbon (C) and nitrogen (N) contents in temperate Australia. Here, we selected eight cover crop treatments, including two legume crops (vetch and field pea), four non-legume crops (rye, wheat, Saia oat, and Indian mustard), a mixture of rye and vetch, and a nil-crop control in temperate Australia to calculate the contributions of cover crops (crop growth + residue decomposition) to soil C and N contents. Cover crops were sown in May 2009 (autumn). After harvest, the crop residue was placed on the soil surface in October 2009. Soil and crop samples were collected in October 2009 after harvest and in May 2010 after 8 months of residue decomposition. We examined cover crop residue biomass, soil and crop total C and N contents, and soil microbial biomass C and N contents. The results showed that cover crop application increased the mean soil total C by 187-253 kg ha -1 and the mean soil total N by 16.3-19.1 kg ha -1 relative to the nil-crop treatment, except for the mixture treatment, which had similar total C and N contents to the nil-crop control. Cover crop application increased the mean soil microbial biomass C by 15.5-20.9 kg ha -1 and the mean soil microbial biomass N by 4.5-10.2 kg ha -1 . We calculated the apparent percentage of soil total C derived from cover crop residue C losses and found that legume crops accounted for 10.6-13.9 %, whereas non-legume crops accounted for 16.4-18.4 % except for the mixture treatment (0.2 %). Overall, short-term cover crop application increased soil total C and N contents and microbial biomass C and N contents, which might help reduce N fertilizer use and improve sustainable agricultural development.

Effect of tillage and crop residues management on mungbean (vigna radiata (L.) wilczek) crop yield, nitrogen fixation and water use efficiency in rainfed areas

International Nuclear Information System (INIS)

Mohammad, W.; Shehzadi, S.; Shah, S.M.; Shah, Z.

2010-01-01

reference crop, the biological nitrogen fixed by mungbean ranged from 37.00 to 82.59 kg ha/sup -1/ whereas with maize as a reference crop, it ranged from 34.74 to 70.78 kg ha/sup -1/ under different treatments. In comparison, non-fixing (reference) crops of sorghum and maize derived up to 16.6 and 15.5% of their nitrogen from the labelled fertilizer, respectively. These results suggested that crop productivity, BNF and WUE in the rainfed environment can be improved with minimum tillage and crop residues retention. (author)

Credit Monitoring – a Core of Credit Risk Management: Theory and Experience

Directory of Open Access Journals (Sweden)

Daiva Jurevičienė

2013-11-01

Full Text Available Purpose of the article: Purpose of the article is to identify credit monitoring as a keystone of credit risk management in banks. CRM is widely discussed in scientific literature and in reports of institutions undertaking credit risk or supervisory bodies. However majority of such investigations are based on implementation of numerous quantitative or qualitative methods used for credit risk assessment before granting a loan or for credit portfolio risk management. There is a lack of information or investigations made on estimation of the need of credit monitoring in credit risk management process. Scientific aim: Scientific aim is to structure the early warning signs that reflect the condition of credits. Methodology/methods: The paper is based on analysis and resumption of various scientific and professional articles related to organization of credit process in banks. It combines results of assessments of credit monitoring importance in credit risk management process made by theoretical studies as well as investigation of experts. Findings: Finding of the article is presentation of credit monitoring tools that should be applied for corporate (and individual clients via modification of original credit agreement. Conclusions: (limits, implications etc Conclusion of the article is that credit monitoring is a keystone in credit risk management process. The purpose of credit monitoring is to detect in time possible worsening of the loan and to react (make changes in loan agreement. The simplest tool for credit monitoring is to identify early warning signs in time that could be assorted into four groups: EWS of business environment; EWS with regard to management, EWS regarding collateral, EWS in financial analysis. Limitation of investigation is impossibility of evaluation of importance of monitoring process in practice except investigation of experts (employees directly responsible for credit business.

NCA & Credit Guarantees

African Journals Online (AJOL)

stooppn

purposes of the National Credit Act; what the definition of a credit guarantee set out ...... Scholtz et al National Credit Act in para 8.2.4; Scott et al Law of Commerce ..... Eitelberg E "Autonomy of Documentary Credit Undertakings in South African.

Utilization of protein-rich residues in biotechnological processes.

Science.gov (United States)

Pleissner, Daniel; Venus, Joachim

2016-03-01

A drawback of biotechnological processes, where microorganisms convert biomass constituents, such as starch, cellulose, hemicelluloses, lipids, and proteins, into wanted products, is the economic feasibility. Particularly the cost of nitrogen sources in biotechnological processes can make up a large fraction of total process expenses. To further develop the bioeconomy, it is of considerable interest to substitute cost-intensive by inexpensive nitrogen sources. The aim of this mini-review was to provide a comprehensive insight of utilization methods of protein-rich residues, such as fish waste, green biomass, hairs, and food waste. The methods described include (i) production of enzymes, (ii) recovery of bioactive compounds, and/or (iii) usage as nitrogen source for microorganisms in biotechnological processes. In this aspect, the utilization of protein-rich residues, which are conventionally considered as waste, allows the development of value-adding processes for the production of bioactive compounds, biomolecules, chemicals, and materials.

Ammonia volatilization from crop residues and frozen green manure crops

NARCIS (Netherlands)

Ruijter, de F.J.; Huijsmans, J.F.M.; Rutgers, B.

2010-01-01

Agricultural systems can lose substantial amounts of nitrogen (N). To protect the environment, the European Union (EU) has adopted several directives that set goals to limit N losses. National Emission Ceilings (NEC) are prescribed in the NEC directive for nitrogen oxides and ammonia. Crop residues

Numerical and Experimental Study on the Residual Stresses in the Nitrided Steel

Science.gov (United States)

Song, X.; Zhang, Zhi-Qian; Narayanaswamy, S.; Huang, Y. Z.; Zarinejad, M.

2016-09-01

In the present work, residual stresses distribution in the gas nitrided AISI 4140 sample has been studied using finite element (FE) simulation. The nitrogen concentration profile is obtained from the diffusion-controlled compound layer growth model, and nitrogen concentration controls the material volume change through phase transformation and lattice interstitials which results in residual stresses. Such model is validated through residual stress measurement technique—micro-ring-core method, which is applied to the nitriding process to obtain the residual stresses profiles in both the compound and diffusion layer. The numerical and experimental results are in good agreement with each other; they both indicate significant stress variation in the compound layer, which was not captured in previous research works due to the resolution limit of the traditional methods.

Formal and Informal Credit Markets and Rural Credit Demand in China

OpenAIRE

Tang, Sai; Guan, Zhengfei; Jin, Songqing

2010-01-01

Credit markets are an essential economic institution. In developing countries, particularly in countries undergoing rapid social and economic transition, it is important to identify emerging credit demand and institute credit supply in a timely manner to facilitate economic transformation. This research focuses on the evolving rural credit market in China, where borrowing from the social network has been common but the recent economic transition has made this informal credit market inadequate...

The global stoichiometry of litter nitrogen mineralization

Science.gov (United States)

Stefano Manzoni; Robert B. Jackson; John A. Trofymow; Amilcare Porporato

2008-01-01

Plant residue decomposition and the nutrient release to the soil play a major role in global carbon and nutrient cycling. Although decomposition rates vary strongly with climate, nitrogen immobilization into litter and its release in mineral forms are mainly controlled by the initial chemical composition of the residues. We used a data set of ~2800 observations to show...

Refundable Tax Credits

OpenAIRE

Congressional Budget Office

2013-01-01

In 1975, the first refundable tax credit—the earned income tax credit (EITC)—took effect. Since then, the number and cost of refundable tax credits—credits that can result in net payments from the government—have grown considerably. Those credits will cost $149 billion in 2013, CBO estimates, mostly for the EITC and the child tax credit.

Determination of nitrogen absorption and endogenous nitrogen secretion in the digestive tract of pigs fed with nitrogen-15-labelled dried whey

International Nuclear Information System (INIS)

Gebhardt, G.; Souffrant, W.; Koehler, R.; Zebrowska, T.

1977-01-01

Two fistulated pigs weighing between 15kg and 54kg were given experimental diets containing 15 N-labelled dried whey. The labelled experimental diets were given once only. Samples of the digesta were taken from the duodenum and terminal ileum at various intervals of time up to 48h after feeding the labelled protein feed. The digesta were separated into the four following fractions: Residue on centrifugation, proteins, peptides and free amino acids. The secretion of endogenous nitrogen in the duodenum was 12.5g/24h in pigs having a live weight of 50kg. The endogenous nitrogen was found to be relatively uniformly distributed among the four fractions. The rate of secretion of endogenous nitrogen showed a continuous decrease during 24h. The secretion of endogenous nitrogen in the terminal ileum was 54 to 60mg of nitrogen per kilogram live weight. After passage through the small intestine the greater part of the free amino acids in digesta was of exogenous origin. In the protein fraction most came from endogenous proteins. A true absorption of 17% of nitrogen was determined in the duodenum. The amount of nitrogen absorbed in the terminal part of the small intestine was, on average, 90% relative to the nitrogen intake. The true digestibility calculated with the amount of 15 N in food and faeces was 98%. (author)

75 FR 17976 - WNC Tax Credits 38, LLC, WNC Tax Credits 39, LLC, WNC Housing Tax Credits Manager, LLC and WNC...

Science.gov (United States)

2010-04-08

... Credits 38, LLC, WNC Tax Credits 39, LLC, WNC Housing Tax Credits Manager, LLC and WNC & Associates, Inc... collectively, the ``Funds''), WNC Housing Tax Credits Manager, LLC (the ``Manager'') and WNC & Associates, Inc... credit under the Internal Revenue Code of 1986, as amended. The Manager is a California limited liability...

Introduction of Credit Derivatives and Valuation of Credit Default Swap

OpenAIRE

Han, Lu

2006-01-01

The credit derivative market was established at the beginning of the 1990s since the emergence of credit derivatives fits the rapid development of the whole derivatives market. However, compare to other derivative market, this market is still small and incomplete. As with other derivatives, credit derivatives can be used to either take more risk or hedge it, hence various credit derivatives instruments are accepted and widely used by market participants such as banks, insurance companies, etc...

Credit securitization and credit derivatives: Financial instruments and the credit risk management of middle market commercial loan portfolios

OpenAIRE

Henke, Sabine; Burghof, Hans-Peter; Rudolph, Bernd

1998-01-01

Banks increasingly recognize the need to measure and manage the credit risk of their loans on a portfolio basis. We address the subportfolio "middle market". Due to their specific lending policy for this market segment it is an important task for banks to systematically identify regional and industrial credit concentrations and reduce the detected concentrations through diversification. In recent years, the development of markets for credit securitization and credit derivatives has provided n...

Modernization of credit relations

Directory of Open Access Journals (Sweden)

S.V. Volosovich

2015-03-01

Full Text Available Nowadays it is essential to modernize credit relations in the conditions of global economy transformations. This is due to the influence of integration processes on credit relations and transformation of the risks inherent in the credit field. The purpose of this article is to develop measures that help to improve the efficiency of interaction of credit relations’ participants. Modernization of credit relations is based on the interaction of its main and indirect subjects who belong to the subsystems of loans granting, deposits attraction and provision of related services. Its goal is to pass from extensive to intensive model of interaction between the subjects of credit relations. Components of the credit relations modernization are the following: institutional modernization, which is based on the interaction of credit relations’ subjects, and ensures the development of competition in all credit market’s segments, the creation of its corresponding infrastructure, qualitative change in the approaches of regulation and supervision; technological modernization, which involves the formation of joint products on the credit market and the formation of an integrated informational and analytical system. In the result of the credit relations’ modernization it is expected to achieve synergies between the subjects of credit relations, that will lead to changes in the business architecture of the financial market.

Fate of fertilizer nitrogen in soil-plant system under irrigating condition. Pt.1: Effect of nitrogen level

International Nuclear Information System (INIS)

Chen Qing; Wen Xianfang; Zheng Xingyun; Pan Jiarong

1997-01-01

Three nitrogen fertilization levels including optimum rate of nitrogen applied (N1.0, 150 kg N·ha -1 ), 150% of optimum rate (N1.5, 225 kg N·ha -1 ) and 50% of optimum rate (N0.5, 75 kg N·ha -1 ) were selected to determine the fate of nitrogen in soil plant system by 15 N technique in 1994∼1995 field experiment which was conducted in Shijiazhuang. The results showed that under irrigated condition the nitrogen use efficiencies (NUE) of ammonium bicarbonate by winter wheat in fertilized treatments were 38.5%, 32.3% and 22.4% respectively, while the highest NUE of winter wheat was found in N0.5 treatment due to a relatively high fertility. The highest yield (6.8 x 10 3 kg grain·ha -1 , 14.7 x 10 3 kg top·ha -1 ) was obtained in N1.0 treatment, but nitrogen uptake and grain yield in N1.5 treatment were lower than those of other fertilizer treatments and there was no significant difference between N0.0 and N1.5 in grain yield. the highest residue of fertilizer N was determined in N1.5 treatment, of which 46% existed in the top layer of the soil (0∼50 cm). There was no significant difference in residual fertilizer N in soil between the other two treatments (31.28% in N0.5, 31.12% in N1.0). In 15 N balance calculation, the unaccounted part of applied N which was leaching down 50 cm in the soil profile as nitrate or gaseous loss through volatilization, denitrification were 30.20%, the soil profile as nitrate or gaseous loss through volatilization, denitrification were 30.20%, 36.56%, 31.25% in N0.5, N1.5 treatments, respectively. It is very important to control residual N in order to prevent N pollution and promote the growth of next crop

Two-stage catalytic up-grading of vacuum residue of a Wandoan coal liquid. [Vacuum residue of coal liquid

Energy Technology Data Exchange (ETDEWEB)

Mochida, I.; Sakanishi, K.; Korai, Y.; Fujitsu, H.

1986-08-01

A successive two-stage hydrotreatment using a commercial Ni-Mo/Al/sub 2/O/sub 3/ catalyst (HDN-30) was applied to the vacuum residue of a Wandoan coal liquid to achieve high levels of hydrocracking, hydrodenitrogenation and hydrodeoxygenation. Two-stage hydrotreatment in 1-methylnaphthalene containing 20wt% fluoranthene as a solvent at solvent/coal liquid ratio of unity removed 83% (overall) of nitrogen and 90% (overall) of oxygen in the asphaltene (benzene-soluble fraction) at 380/sup 0/C for 3 h and at 420/sup 0/C for 3h under hydrogen pressure of 15 MPa and 14 MPa, respectively, while the single stage treatment at 420/sup 0/C for 3 h removed only 41% and 46%, respectively. The same two-stage treatment allowed the overall denitrogenation of 51% and the overall deoxygenation of 67% from a mixture of asphaltene and preasphaltene (THF-soluble fraction). Addition of the catalyst prior to the second stage reaction increased the removal of nitrogen and oxygen to 75 and 82%, respectively, indicating significant catalyst deactivation by the preasphaltene fraction in the first stage. Increasing the solvent/coal liquid ratio to 2 or addition of tetrahydrofluoranthene as a component of the solvent increased the removal of nitrogen and oxygen to 70 and 80%, respectively. Such two-stage hydrotreatment was also effective in refining the whole residue, allowing denitrogenations and deoxygenations of 68 and 75% respectively using tetrahydrofluoranthene. The coke, unreacted coal and minerals in the residue may not cause acute catalyst deactivation. High dissolving ability of the reaction solvents is very effective to decrease catalyst deactivation by carbon deposition. The successive two-stage hydrotreatment also enhanced hydrocracking of polar and resin fractions in the residue into oils (conversion, 65%). (Abstract Truncated)

Credit Card Security

OpenAIRE

G.C., Anup

2013-01-01

Author: Anup G.C. Year: 2013 Subject of thesis: Credit Card Security Number of pages: 36+2 Credit Card is a widely used electronic chip for easy transactions. The main purpose of the report was to show the security measures of transaction by credit cards. The purpose was to give information about credit cards and how they were introduced. The thesis reportcontained the types of card theft with examples and sited the various protocols used for online ...

76 FR 40946 - WNC Tax Credits 40, LLC, WNC Tax Credits 41, LLC, WNC Housing Tax Credits Manager 2, LLC, WNC...

Science.gov (United States)

2011-07-12

... Credits 40, LLC, WNC Tax Credits 41, LLC, WNC Housing Tax Credits Manager 2, LLC, WNC National Partners... (``Fund 41'') (each a ``Fund,'' and collectively, the ``Funds''), WNC Housing Tax Credits Manager 2, LLC (the ``Manager''), WNC National Partners, LLC (``WNC National Partners'') and WNC & Associates, Inc...

Joint replenishment and credit policies under two levels of trade credit financing when demand and bad-debt loss depends upon credit period

Directory of Open Access Journals (Sweden)

Aggarawal K.K.

2016-01-01

Full Text Available In practice, a firm usually receives trade credit financing from its supplier on the purchase of inventory. Similarly, in order to meet competition and generate credit sales over and above cash sales, the firm also gives credit period to their customers. However, the decision of granting credit period may have a disintegrating effect on cash sales apart from generating new credit sales because some of the cash customers may switch to credit purchase. In addition, despite of the best credit granting policies and collection practices, the firm may incurs some amount of bad debt losses because a certain fraction of buyers will undoubtedly be unable to pay off their debt obligations and become bad debt loss to the firm. In this paper, using discounted cash flow (DCF approach, a mathematical model is developed to jointly determine optimal inventory and credit policies under two levels of trade credit financing when demand and bad-debt losses are dependent on credit period. The objective of the model is to maximize the present value of firm’s net profit per unit time by jointly optimizing the replenishment interval and date-terms credit period. Numerical examples and sensitivity analysis are presented to illustrate the effectiveness of the proposed model, and the results are discussed.

Nitrogen cycling in summer active perennial grass systems in South Australia: Non-symbiotic nitrogen fixation

NARCIS (Netherlands)

Gupta, V.V.S.R.; Kroker, S.J.; Hicks, M.; Davoren, W.; Descheemaeker, K.K.E.; Llewellyn, R.

2014-01-01

Non-symbiotic nitrogen (N2) fixation by diazotrophic bacteria is a potential source for biological N inputs in non-leguminous crops and pastures. Perennial grasses generally add larger quantities of above- and belowground plant residues to soil, and so can support higher levels of soil biological

Rural Credit in Vietnam

DEFF Research Database (Denmark)

Barslund, Mikkel Christoffer; Tarp, Finn

This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders, but formal loans are almost entirely for production and asset accumulation. Interest rates fell from 1997...... to 2002, reflecting increased market integration; but the determinants of formal and informal credit demand are distinct. Credit rationing depends on education and credit history, but we find no evidence of a bias against women. Regional differences are striking, and a ‘one size fits all’ approach...... to credit policy is clearly inappropriate....

Compared cycling in a soil-plant system of pea and barley residue nitrogen

DEFF Research Database (Denmark)

Jensen, E.S.

1996-01-01

Field experiments were carried out on a temperate soil to determine the decline rate, the stabilization in soil organic matter and the plant uptake of N from N-15-labelled crop residues. The fate of N from field pea (Pisum sativum L.) and spring barley (Hordeum vulgare L.) residues was followed...... mineralization of N was highly correlated to the concentrations of soluble C and N and the lignin:N ratio of residues. The contribution of residue-derived N to the inorganic N pool was at its maximum 30 DAI (10-55%) and declined to on average 5% after 3 years of decomposition. Residual organic labelled N...... in the top 10 cm soil declined rapidly during the initial 86 DAI for all residue types. Leaching of soluble organic materials may have contributed to this decline. At 216 DAI 72, 59 and 45% of the barley, mature pea and green pea residue N, respectively, were present in organic N-forms in the topsoil. During...

Credit Participation and Credit Source Selection of Vietnam Small and Medium Enterprises

Directory of Open Access Journals (Sweden)

Nguyen Anh Hoang

2014-10-01

Full Text Available This study is an attempt to investigate the motivation behind the decision to participate in the credit market of SMEs from perspectives of behavioral finance and social capital theories. In addi- tion, the study also examines the effect of behavioral finance and social capital factors on the credit source selection among SMEs. This study’s design strategy involves conducting questionnaire sur- veys to SMEs owners and statistical techniques to analyze the determinants of credit participation and credit source selection of borrowers. The findings showed that personal traits of SMEs owners/ managers in terms of behavioral finance factors such as debt and risk attitudes, present biased and overconfidence and firms networking also have impacts on the firms’ credit participation and credit source selection. The research is one of the few studies that consider the influence of behavioral finance factors on firms financing decision. Furthermore, our result also contributes to explain the common use of informal credit market in developing countries.

Weed management practice and cropping sequence impact on soil residual nitrogen

Science.gov (United States)

Inefficient N uptake by crops from N fertilization and/or N mineralized from crop residue and soil organic matter results in the accumulation of soil residual N (NH4-N and NO3-N) which increases the potential for N leaching. The objective of this study was to evaluate the effects of weed management ...

Reactivity study on thermal cracking of vacuum residues

Science.gov (United States)

León, A. Y.; Díaz, S. D.; Rodríguez, R. C.; Laverde, D.

2016-02-01

This study focused on the process reactivity of thermal cracking of vacuum residues from crude oils mixtures. The thermal cracking experiments were carried out under a nitrogen atmosphere at 120psi between 430 to 500°C for 20 minutes. Temperature conditions were established considering the maximum fractional conversion reported in tests of thermogravimetry performed in the temperature range of 25 to 600°C, with a constant heating rate of 5°C/min and a nitrogen flow rate of 50ml/min. The obtained products were separated in to gases, distillates and coke. The results indicate that the behaviour of thermal reactivity over the chemical composition is most prominent for the vacuum residues with higher content of asphaltenes, aromatics, and resins. Finally some correlations were obtained in order to predict the weight percentage of products from its physical and chemical properties such as CCR, SARA (saturates, aromatics, resins, asphaltenes) and density. The results provide new knowledge of the effect of temperature and the properties of vacuum residues in thermal conversion processes.

Credit Risk Research

DEFF Research Database (Denmark)

Zamore, Stephen; Ohene Djan, Kwame; Alon, Ilan

2018-01-01

This article provides a comprehensive review of scholarly research on credit risk measurement during the last 57 years applying bibliometric citation analysis and elaborates an agenda for future research. The bibliography is compiled using the Institute for Scientific Information (ISI) Web...... of Science (WOS) database and includes all articles with citations over the period 1960–2016. Specifically, the review is carried out using 1695 articles across 72 countries published in 442 journals by 2928 authors. The findings suggest that credit risk research is multifaceted and can be classified...... into six streams: (1) defaultable security pricing, (2) default intensity modeling, (3) comparative analysis of credit models, (4) comparative analysis of credit markets, (5) credit default swap (CDS) pricing, and (6) loan loss provisions. The article contributes through synthesizing and identifying...

Credit: A Teaching Unit.

Science.gov (United States)

Clanton, Brandolyn; And Others

Intended for teachers of secondary school students, five lessons on consumer credit are presented. In the first lesson students identify and evaluate sources of credit, compare some of the costs and benefits of credit, and learn to apply criteria used in evaluating applications for credit. In the second lesson, students learn about two basic types…

Dynamics of dissolved and extractable organic nitrogen upon soil amendment with crop residues

NARCIS (Netherlands)

Ros, G.H.; Hoffland, E.

2010-01-01

Dissolved organic nitrogen (DON) is increasingly recognized as a pivotal pool in the soil nitrogen (N) cycle. Numerous devices and sampling procedures have been used to estimate its size, varying from in situ collection of soil solution to extraction of dried soil with salt solutions. Extractable

The impact of credit risk assessment on credit activity of commercial banks

Directory of Open Access Journals (Sweden)

Ljubić Marijana

2015-01-01

Full Text Available As banks have great social responsibility and are a subject to a specific and extensive regulations, one of the being Basel, the authors of this paper focus on the impact of credit risk assessment on credit activity of commercial banks. The authors of this paper provide a standard for risk management and an insight into directions on how to manage credit risk in the most efficient way and how to assess credit rating of a borrower.

Credit derivatives in emerging markets

OpenAIRE

Romain Rancière

2002-01-01

Credit Derivatives are securities that offer protection against credit or default risk of bonds or loans. The credit derivatives emerging market has grown rapidly and credit derivatives are widely used. This paper describes the emerging credit derivatives market structure. The current market activity is analyzed through elementary pricing dynamics and the study of the term structure of default risk. Focusing on the performance of credit derivatives in stress situation, including legal and mar...

The influence of sovereign credit ratings on corporate credit ratings.

OpenAIRE

Umutoni, Liliane

2017-01-01

Credit ratings have a key role in modern financial markets as they communicate crucial information on the creditworthiness of a debt issuer to investors and regulators. These credit ratings are mostly determined by three rating agencies, namely Standard & Poor’s, Moody’s and Fitch, even though, the credit rating industry counts a dozen of recognized rating agencies. Indeed, the three agencies have become the market leaders with a market share of 94.3% on the U.S market (Bloomberg, 2015) and 9...

Credit risk management in banks

OpenAIRE

Pětníková, Tereza

2014-01-01

The subject of this diploma thesis is managing credit risk in banks, as the most significant risk faced by banks. The aim of this work is to define the basic techniques, tools and methods that are used by banks to manage credit risk. The first part of this work focuses on defining these procedures and describes the entire process of credit risk management, from the definition of credit risk, describing credit strategy and policy, organizational structure, defining the most used credit risk mi...

Sex of respondent and credit attitudes as predictors of credit card use and debt payment.

Science.gov (United States)

McCall, Michael; Eckrich, Donald W

2006-06-01

Researchers have suggested there may be sex differences in attitudes towards credit card possession and use. Undergraduates, 41 men and 41 women, completed a survey regarding their attitudes towards credit, credit card use, and repayment. Analysis indicated sex played a significant moderating role between number of credit cards used and the importance of paying off monthly balances. Women possessed more credit cards than men and engaged in more frequent shopping. Number of credit cards increased with paying off of monthly balances. Data are discussed in terms of the importance of managing credit card debt in an increasingly cashless society.

Consumer Handbook to Credit Protection Laws.

Science.gov (United States)

Board of Governors of the Federal Reserve System, Washington, DC.

The five sections of this consumer handbook are The Cost of Credit, Applying for Credit, Credit Histories and Records, Correcting Credit Mistakes, and Complaining about Credit. Each section discusses relevant legislation: Truth in Lending, the Equal Credit Opportunity Act, and the Fair Credit Reporting Act. Topics discussed in section I include…

MANAGEMENT OF CREDIT LOSSES

Directory of Open Access Journals (Sweden)

Natalya P. Anoshkina

2018-06-01

Full Text Available The paper is devoted to the problem of credit loss management topical for modern Russian science and banking practice. The bank’s lending activity is an integral and the most profitable sphere of banking activity. Banks need to take credit risks inherent in their core business and minimize their impact through the establishment of advanced risk management systems. The study, reflected in the present paper, has been conducted in order to determine approaches to the organization of credit loss management in banking. Analysis of the system of management of credit risks and credit losses has shown that they have different scope, object and purpose. In this connection, there is an objective necessity to create a special subsystem for the management of credit losses in banks. On the basis of common bank approaches to credit risk management, the paper develops models of credit loss management: a multi-level management model in the area of ‘operational-tactical-strategic management’ and a functional management model in the area of ‘technology-execution-control’. These models are important for the modern theory and practice of banking, as they allow the bank to manage credit losses on the entire time horizon of the management process, thus opening a wide range of opportunities for the creation and implementation of large-scale programs, as well as specific techniques. This study allows drawing a conclusion about the need to consider control credit losses as a strictly regulated multi-level process, in which each division is assigned with specific objectives, tasks, functions, formally enshrined in the relevant lists, job descriptions and other legal documents.

Non-conventional fuel tax credit

International Nuclear Information System (INIS)

Soeoet, P.M.

1988-01-01

Coal-seam methane, along with certain other non-conventional fuels, is eligible for a tax credit. This production tax credit allowed coal-seam methane producers to receive $0.7526 per million Btu of gas sold during 1986. In 1987, this credit rose to $0.78 per million Btu. The tax credit is a very significant element of the economic analysis of current coal-seam methane projects. In today's spot market, gas prices are around $1.50 per million Btu. Allowing for costs of production, the gas producer will net more income from the tax credit than from the sale of the gas. The Crude Oil Windfall Profit Tax Act of 1980 is the source of this tax credit. There were some minor changes made by subsequent legislation, but most of the tax credit has remained intact. Wells must be drilled by 1990 to qualify for the tax credit but the production from such wells is eligible for the tax credit until 2001. Projections have been made, showing that the tax credit should increase to $0.91 per million Btu for production in 1990 and $1.34 per million Btu in 2000. Variables which may decrease the tax credit from these projections are dramatically lower oil prices or general economic price deflation

Credit Management System

Data.gov (United States)

US Agency for International Development — Credit Management System. Outsourced Internet-based application. CMS stores and processes data related to USAID credit programs. The system provides information...

Total and occluded residual gas content inside the nuclear fuel pellets

International Nuclear Information System (INIS)

Moura, Sergio C.; Fernandes, Carlos E.; Oliveira, Justine R.; Machado, Joyce F.; Guglielmo, Luisa M.; Bustillos, Oscar V.

2009-01-01

This work describes three techniques available to measure total and occluded residual gases inside the UO 2 nuclear fuel pellets. Hydrogen is the major gas compound inside these pellets, due to sintering fabrication process but Nitrogen is present as well, due to storage atmosphere fuel. The total and occluded residual gas content inside these pellets is a mandatory requirement in a quality control to assure the well function of the pellets inside the nuclear reactor. This work describes the Gas Extractor System coupled with mass spectrometry GES/MS, the Gas Extractor System coupled with gas chromatography GES/GC and the total Hydrogen / Nitrogen H/N analyzer as well. In the GES, occlude gases in the UO 2 pellets is determinate using a high temperature vacuum extraction system, in which the minimum limit of detection is in the range 0.002 cc/g. The qualitative and quantitative determination of the amount of gaseous components employs a mass spectrometry or a gas chromatography technique. The total Hydrogen / Nitrogen analyzer employ a thermal conductivity gas detector linked to a gaseous extractor furnace which has a detection limit is in the range 0.005 cc/g. The specification for the residual gas analyses in the nuclear fuel pellets is 0.03 cc/g, all techniques satisfy the requirement but not the nature of the gases due to reaction with the reactor cladding. The present work details the chemical reaction among Hydrogen / Nitrogen and nuclear reactor cladding. (author)

Evaluation of the Impact of Alveolar Nitrogen Excretion on Indices Derived from Multiple Breath Nitrogen Washout

Science.gov (United States)

Nielsen, Niklas; Nielsen, Jorgen G.; Horsley, Alex R.

2013-01-01

Background A large body of evidence has now accumulated describing the advantages of multiple breath washout tests over conventional spirometry in cystic fibrosis (CF). Although the majority of studies have used exogenous sulphur hexafluoride (SF6) as the tracer gas this has also led to an increased interest in nitrogen washout tests, despite the differences between these methods. The impact of body nitrogen excreted across the alveoli has previously been ignored. Methods A two-compartment lung model was developed that included ventilation heterogeneity and dead space (DS) effects, but also incorporated experimental data on nitrogen excretion. The model was used to assess the impact of nitrogen excretion on washout progress and accuracy of functional residual capacity (FRC) and lung clearance index (LCI) measurements. Results Excreted nitrogen had a small effect on accuracy of FRC (1.8%) in the healthy adult model. The error in LCI calculated with true FRC was greater (6.3%), and excreted nitrogen contributed 21% of the total nitrogen concentration at the end of the washout. Increasing DS and ventilation heterogeneity both caused further increase in measurement error. LCI was increased by 6–13% in a CF child model, and excreted nitrogen increased the end of washout nitrogen concentration by 24–49%. Conclusions Excreted nitrogen appears to have complex but clinically significant effects on washout progress, particularly in the presence of abnormal gas mixing. This may explain much of the previously described differences in washout outcomes between SF6 and nitrogen. PMID:24039916

Credit Union Headquarters

Data.gov (United States)

Department of Homeland Security — The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions. NCUA, backed of the full faith...

Credit risk transfer

OpenAIRE

Bank for International Settlements

2003-01-01

Executive summary Techniques for transferring credit risk, such as financial guarantees and credit insurance, have been a long-standing feature of financial markets. In the past few years, however, the range of credit risk transfer (CRT) instruments and the circumstances in which they are used have widened considerably. A number of factors have contributed to this growth, including: greater focus by banks and other financial institutions on risk management; a more rigorous approach to risk/re...

Dynamic Virtual Credit Card Numbers

Science.gov (United States)

Molloy, Ian; Li, Jiangtao; Li, Ninghui

Theft of stored credit card information is an increasing threat to e-commerce. We propose a dynamic virtual credit card number scheme that reduces the damage caused by stolen credit card numbers. A user can use an existing credit card account to generate multiple virtual credit card numbers that are either usable for a single transaction or are tied with a particular merchant. We call the scheme dynamic because the virtual credit card numbers can be generated without online contact with the credit card issuers. These numbers can be processed without changing any of the infrastructure currently in place; the only changes will be at the end points, namely, the card users and the card issuers. We analyze the security requirements for dynamic virtual credit card numbers, discuss the design space, propose a scheme using HMAC, and prove its security under the assumption the underlying function is a PRF.

12 CFR 561.12 - Consumer credit.

Science.gov (United States)

2010-01-01

...; loans in the nature of overdraft protection; and credit extended in connection with credit cards. ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Consumer credit. 561.12 Section 561.12 Banks... AFFECTING ALL SAVINGS ASSOCIATIONS § 561.12 Consumer credit. The term consumer credit means credit extended...

THE CREDIT AND CREDIT RISK MANAGEMENT DURING THE CRISIS

Directory of Open Access Journals (Sweden)

Chitan Gheorghe

2012-03-01

Full Text Available Considering the importance of credit risk management to ensure the financial system stability,the paper presents financial and real sector interaction highlighting that credit growth based on increase of creditdemand, of income, of assets prices, of currency availability, the interest rate differential between countries andrelaxation of regulatory framework, leaves banks more vulnerable to subsequent downturn in economic activity andasset prices. It also outlines the steps taken or those I think that should be implemented in terms of improving creditrisk management, implementation of regulatory measures to limit credit expansion, enforcing the regulatoryrequirements for covering the expected and unexpected losses, introduction of new surveillance tools aimed to leadto a more resilient financial system.

Residual nitrogen-15 recovery by corn as influenced by tillage and fertilization method

International Nuclear Information System (INIS)

Timmons, D.R.; Cruse, R.M.

1991-01-01

Tillage systems that create different surface residue conditions may also affect the recovery of residual fertilizer N during subsequent growing seasons. This study evaluated the recovery of residual labeled N fertilizer in the soil by corn (Zea mays L.) for two tillage systems and two fertilization methods. Five atom % 15 N-enriched 28% urea-ammonium nitrate solution (UAN) at 224 kg N ha -1 was either surface-applied in the fall before any primary tillage or banded (knifed in) just before planting in the spring. Continuous corn was grown with either fall moldboard-plow (MP) or ridge-till (RT) systems. After the initial growing season, the recovery of residual labeled N in the soil by corn was determined for three consecutive growing seasons, and the soil profile was sampled periodically to measure residual 15 N in the organic and inorganic pools. One year after labeled UAN application, from 16 to 27% of the initial 15 N applied was found in the organic N pool and only 1% as inorganic N[NH 4 +(NO 2 +NO 3 )-N]. After four seasons, residual 15 N in the organic N pool ranged from 13 to 24%. Less than 0.5% remained as inorganic N. Regression analyses indicated that about 5 kg 15 N ha -1 year -1 became available for both MP and RT systems with banded N, so the amounts were small. Total residual 15 N recovery by corn grain plus stover for three seasons ranged from 1.7 to 3.5%, and was greatest for spring-banded fertilizer. Because the amounts of residual 15 N utilized were too small to affect corn growth, this N source appears to be negligible when considering corn-N needs

Barley Benefits from Organic Nitrogen in Plant Residues Applied to Soil using 15N Isotope Dilution

International Nuclear Information System (INIS)

Gadalla, A.M.; Galal, Y.G.M.; Abdel Aziz, H.A.; El-Degwy, S.M.A.; Abd El-Haleem, M.

2008-01-01

The experiment was carried out in pots (sandy soil cultivated with Barley plant) under greenhouse conditions, at Inshas, Egypt. The aim was to evaluate the transformation of nitrogen applied either as mineral form ( 15 NH 4 ) 2 SO 4 , or as organic-material-N (plant residues) .Basal recommended doses of P and K were applied. Labeled 15 N as( 15 NH 4 ) 2 SO 4 (5 % a.e) or plant residues (ground leuceana forage, compost, and mixture of them) were applied at a rate of 20 kg N/ ha). 15 N technique was used to evaluate N-uptake and fertilizer use efficiency. The treatments were arranged in a completely randomized block design under greenhouse conditions. The obtained results showed that the dry weight of barley shoots was positively affected by reinforcement of mineral- N with organic-N. On the other hand, the highest dry weight was estimated with leuceana either applied alone or reinforced with mineral N. Similar trend was noticed with N uptake but only with organic N, while with treatment received 50% organic-N. plus 50% mineral- N. the best value of N uptake was recorded with mixture of leuceana and compost. The amount of Ndff was lowest where fertilizer 15 N was applied alone. Comparing Ndff for the three organic treatments which received a combination of fertilizer- 15 N+organic-material-N, results showed that the highest Ndff was occurred with mixture of leuceana and compost, whereas the lowest was induced with individual leuceana treatment. 15 N recovery in shoots of barley ranged between 22.14 % to 82.16 %. The lowest occurred with application of mineral 15 N alone and; the highest occurred where mineral 15 N was mixed with compost or leucaena-compost mixture

Nitrogen mineralization and denitrification as influenced by crop residue particle size

DEFF Research Database (Denmark)

Ambus, P.; Jensen, E.S.

1997-01-01

1: N-15-labelled ground (less than or equal to 3 mm) and cut (25 mm) barley residue, and microcrystalline cellulose+glucose were mixed into a sandy loam soil with additional inorganic N. Experiment 2: inorganic N-15 and C2H2 were added to soils with barley and pea material after 3, 26, and 109 days......Managing the crop residue particle size has the potential to affect N conservation in agricultural systems. We investigated the influence of barley (Hordeum vulgare) and pea (Pisum sativum) crop residue particle size on N mineralization and denitrification in two laboratory experiments. Experiment...... for measuring gross N mineralization and denitrification. Net N immobilization over 60 days in Experiment 1 cumulated to 63 mg N kg(-1) soil (ground barley), 42 (cut barley), and 122 (cellulose+glucose). More N was seemingly net mineralized from ground barley (3.3 mg N kg(-1) soil) than from cut barley (2.7 mg...

Determinants of SME credit worthiness under Basel rules: the value of credit history information

Directory of Open Access Journals (Sweden)

Francesco Dainelli

2013-03-01

Full Text Available The Basel III Accord has reportedly had an impact on SME financing. In this paper, we aim to highlight the determinants of SME credit worthiness. We use credit history in addition to financial ratios and “hybrid” indicators that have been built by mixing credit history with financial statement data. We develop a failure prediction logit model on 187 Italian SMEs. The use of short-term credit lines is the most important variable. Contrary to common understanding, capitalization levels do not affect ratings. Lastly, credit worthiness is sensitive to sale profitability.

Tracking the conversion of nitrogen during pyrolysis of antibiotic mycelial fermentation residues using XPS and TG-FTIR-MS technology

International Nuclear Information System (INIS)

Zhu, Xiangdong; Yang, Shijun; Wang, Liang; Liu, Yuchen; Qian, Feng; Yao, Wenqing; Zhang, Shicheng; Chen, Jianmin

2016-01-01

Antibiotic mycelial fermentation residues (AMFRs), which are emerging solid pollutants, have been recognized as hazardous waste in China since 2008. Nitrogen (N), which is an environmental sensitivity element, is largely retained in AMFR samples derived from fermentation substrates. Pyrolysis is a promising technology for the treatment of solid waste. However, the outcomes of N element during the pyrolysis of AMFRs are still unknown. In this study, the conversion of N element during the pyrolysis of AMFRs was tracked using XPS (X-ray photoelectron spectroscopy) and online TG-FTIR-MS (Thermogravimetry-Fourier transform infrared-Mass spectrometry) technology. In the AMFR sample, organic amine-N, pyrrolic-N, protein-N, pyridinic-N, was the main N-containing species. XPS results indicated that pyrrolic-N and pyridinic-N were retained in the AMFR-derived pyrolysis char. More stable species, such as N-oxide and quaternary-N, were also produced in the char. TG-FTIR-MS results indicated that NH_3 and HCN were the main gaseous species, and their contents were closely related to the contents of amine-N and protein-N, and pyrrolic-N and pyridinic-N of AMFRs, respectively. Increases in heating rate enhanced the amounts of NH_3 and HCN, but had less of an effect on the degradation degree of AMFRs. N-containing organic compounds, including amine-N, nitrile-N and heterocyclic-N, were discerned from the AMFR pyrolysis process. Their release range was extended with increasing of heating rate and carbon content of AMFR sample. This work will help to take appropriate measure to reduce secondary pollution from the treatment of AMFRs. - Highlights: • Hazardous AMFR material was treated by slow pyrolysis reaction. • TG-FTIR-MS were used to study the N conversion for pyrolysis gas and bio-oil. • NH_3 and HCN were observed as the main N-containing gas species. • XPS were used to study the N conversion for pyrolysis char. • Stable species, such as N-oxide and quaternary-N, were

Long Term Sugarcane Crop Residue Retention Offers Limited Potential to Reduce Nitrogen Fertilizer Rates in Australian Wet Tropical Environments.

Science.gov (United States)

Meier, Elizabeth A; Thorburn, Peter J

2016-01-01

The warming of world climate systems is driving interest in the mitigation of greenhouse gas (GHG) emissions. In the agricultural sector, practices that mitigate GHG emissions include those that (1) reduce emissions [e.g., those that reduce nitrous oxide (N2O) emissions by avoiding excess nitrogen (N) fertilizer application], and (2) increase soil organic carbon (SOC) stocks (e.g., by retaining instead of burning crop residues). Sugarcane is a globally important crop that can have substantial inputs of N fertilizer and which produces large amounts of crop residues ('trash'). Management of N fertilizer and trash affects soil carbon and nitrogen cycling, and hence GHG emissions. Trash has historically been burned at harvest, but increasingly is being retained on the soil surface as a 'trash blanket' in many countries. The potential for trash retention to alter N fertilizer requirements and sequester SOC was investigated in this study. The APSIM model was calibrated with data from field and laboratory studies of trash decomposition in the wet tropics of northern Australia. APSIM was then validated against four independent data sets, before simulating location × soil × fertilizer × trash management scenarios. Soil carbon increased in trash blanketed soils relative to SOC in soils with burnt trash. However, further increases in SOC for the study region may be limited because the SOC in trash blanketed soils could be approaching equilibrium; future GHG mitigation efforts in this region should therefore focus on N fertilizer management. Simulated N fertilizer rates were able to be reduced from conventional rates regardless of trash management, because of low yield potential in the wet tropics. For crops subjected to continuous trash blanketing, there was substantial immobilization of N in decomposing trash so conventional N fertilizer rates were required for up to 24 years after trash blanketing commenced. After this period, there was potential to reduce N fertilizer

Long term sugarcane crop residue retention offers limited potential to reduce nitrogen fertilizer rates in Australian wet tropical environments

Directory of Open Access Journals (Sweden)

Elizabeth Anne Meier

2016-07-01

Full Text Available The warming of world climate systems is driving interest in the mitigation of greenhouse gas (GHG emissions. In the agricultural sector, practices that mitigate GHG emissions include those that (1 reduce emissions (e.g. those that reduce nitrous oxide (N2O emissions by avoiding excess nitrogen (N fertilizer application, and (2 increase soil organic carbon (SOC stocks (e.g. by retaining instead of burning crop residues. Sugarcane is a globally important crop that can have substantial inputs of N fertilizer and which produces large amounts of crop residues (‘trash’. Management of N fertilizer and trash affects soil carbon and nitrogen cycling, and hence GHG emissions. Trash has historically been burned at harvest, but increasingly is being retained on the soil surface as a ‘trash blanket’ in many countries. The potential for trash retention to alter N fertilizer requirements and sequester SOC was investigated in this study. The APSIM model was calibrated with data from field and laboratory studies of trash decomposition in the wet tropics of northern Australia. APSIM was then validated against four independent data sets, before simulating location  soil  fertilizer  trash management scenarios. Soil carbon increased in trash blanketed soils relative to SOC in soils with burnt trash. However, further increases in SOC for the study region may be limited because the SOC in trash blanketed soils could be approaching equilibrium; future GHG mitigation efforts in this region should therefore focus on N fertilizer management. Simulated N fertilizer rates were able to be reduced from conventional rates regardless of trash management, because of low yield potential in the wet tropics. For crops subjected to continuous trash blanketing, there was substantial immobilization of N in decomposing trash so conventional N fertilizer rates were required for up to 24 yr after trash blanketing commenced. After this period, there was potential to

EFFECTS OF MUCUNA ( MUCUNA UTILIS L.) RESIDUE ...

African Journals Online (AJOL)

The field experiment was conducted at two locations: University of Agriculture, Abeokuta (UNAAB) and Olowo-Papa (OP) in Ogun state both in Forest-savannah transition zone of Nigeria to investigate the response of three upland rice cultivars (O.sativa) to mucuna residue incorporation and Nitrogen (N) fertilizer and the ...

Credit Card Quiz.

Science.gov (United States)

Marks, Jeff

2000-01-01

Describes an activity in which students design credit cards and discover for themselves the mathematical realities of buying on credit. Employs multiple-intelligence theory to increase the chance that all students will be reached. (YDS)

Credit derivatives and risk management

OpenAIRE

Michael S. Gibson

2007-01-01

The striking growth of credit derivatives suggests that market participants find them to be useful tools for risk management. I illustrate the value of credit derivatives with three examples. A commercial bank can use credit derivatives to manage the risk of its loan portfolio. An investment bank can use credit derivatives to manage the risks it incurs when underwriting securities. An investor, such as an insurance company, asset manager, or hedge fund, can use credit derivatives to align its...

Latinos in the Credit Economy

OpenAIRE

Ralph, Lisa M.

2010-01-01

Access to consumer credit as a means of building wealth is one of the least examined forms of social inequality. The recent economic crisis in the United States has brought attention to the significance of consumer credit in our nation's economy; however, less understood are the specific obstacles and barriers that prevent low-income individuals from reaching the "American Dream." In an exploratory manner, this study compared credit access, credit literacy, and credit experience of low-income...

Quality of urban forest carbon credits

Science.gov (United States)

Neelam C. Poudyala; Jacek P. Siry; J.M. Bowker

2011-01-01

While the urban forest is considered an eligible source of carbon offset credits, little is known about its market potential and the quality aspects of the credits. As credit suppliers increase in number and credit buyers become more interested in purchasing carbon credits, it is unclear whether and how urban forest carbon credits can perform relative to the other...

Boundedly rational credit cycles

OpenAIRE

Sáez, María

1996-01-01

We propose an evolutionary model of a credit market. We show that the economy exhibits credit cycles. The model predicts dynamics which are consistent with some evidence about the Great Depression. Real shocks trigger episodes of credit--crunch which are observed in the process of adjustment towards the post shock equilibrium.

Statistical credit risk assessment model of small and very small enterprises for Lithuanian credit unions

OpenAIRE

Špicas, Renatas

2017-01-01

While functioning in accordance with the new, business and efficiency-oriented operating model, credit unions develop and begin functioning outside the community. It is universally recognised in scientific literature that as credit unions expand their activities beyond a community, social relations with credit union members weaken and the credit unions lose their social control element, which help them to better assess and manage information asymmetry and credit risk. So far, the analysis of ...

Comment on Geoengineering with seagrasses: is credit due where credit is given?

Science.gov (United States)

Oreska, Matthew P. J.; McGlathery, Karen J.; Emmer, Igino M.; Needelman, Brian A.; Emmett-Mattox, Stephen; Crooks, Stephen; Megonigal, J. Patrick; Myers, Doug

2018-03-01

In their recent review, ‘Geoengineering with seagrasses: is credit due where credit is given?,’ Johannessen and Macdonald (2016) invoke the prospect of carbon offset-credit over-allocation by the Verified Carbon Standard as a pretense for their concerns about published seagrass carbon burial rate and global stock estimates. Johannessen and Macdonald (2016) suggest that projects seeking offset-credits under the Verified Carbon Standard methodology VM0033: Methodology for Tidal Wetland and Seagrass Restoration will overestimate long-term (100 yr) sediment organic carbon (SOC) storage because issues affecting carbon burial rates bias storage estimates. These issues warrant serious consideration by the seagrass research community; however, VM0033 does not refer to seagrass SOC ‘burial rates’ or ‘storage.’ Projects seeking credits under VM0033 must document greenhouse gas emission reductions over time, relative to a baseline scenario, in order to receive credits. Projects must also monitor changes in carbon pools, including SOC, to confirm that observed benefits are maintained over time. However, VM0033 allows projects to conservatively underestimate project benefits by citing default values for specific accounting parameters, including CO2 emissions reductions. We therefore acknowledge that carbon crediting methodologies such as VM0033 are sensitive to the quality of the seagrass literature, particularly when permitted default factors are based in part on seagrass burial rates. Literature-derived values should be evaluated based on the concerns raised by Johannessen and Macdonald (2016), but these issues should not lead to credit over-allocation in practice, provided VM0033 is rigorously followed. These issues may, however, affect the feasibility of particular seagrass offset projects.

Models of Credit Risk Measurement

OpenAIRE

Hagiu Alina

2011-01-01

Credit risk is defined as that risk of financial loss caused by failure by the counterparty. According to statistics, for financial institutions, credit risk is much important than market risk, reduced diversification of the credit risk is the main cause of bank failures. Just recently, the banking industry began to measure credit risk in the context of a portfolio along with the development of risk management started with models value at risk (VAR). Once measured, credit risk can be diversif...

Fluidised-bed combustion of gasification residue

Energy Technology Data Exchange (ETDEWEB)

Korpela, T.; Kudjoi, A.; Hippinen, I.; Heinolainen, A.; Suominen, M.; Lu Yong [Helsinki Univ. of Technology (Finland). Lab of Energy Economics and Power Plant Engineering

1996-12-01

Partial gasification processes have been presented as possibilities for future power production. In the processes, the solid materials removed from a gasifier (i.e. fly ash and bed material) contain unburnt fuel and the fuel conversion is increased by burning this gasification residue either in an atmospheric or a pressurised fluidised-bed. In this project, which is a part of European JOULE 2 EXTENSION research programme, the main research objectives are the behaviour of calcium and sulphur compounds in solids and the emissions of sulphur dioxide and nitrogen oxides (NO{sub x} and N{sub 2}O) in pressurised fluidised-bed combustion of gasification residues. (author)

49 CFR 536.4 - Credits.

Science.gov (United States)

2010-10-01

... OF TRANSPORTATION TRANSFER AND TRADING OF FUEL ECONOMY CREDITS § 536.4 Credits. (a) Type and vintage... category, and model year of origin (vintage). (b) Application of credits. All credits earned and applied are calculated, per 49 U.S.C. 32903(c), in tenths of a mile per gallon by which the average fuel...

Spatial analysis of instream nitrogen loads and factors controlling nitrogen delivery to streams in the southeastern United States using spatially referenced regression on watershed attributes (SPARROW) and regional classification frameworks

Science.gov (United States)

Hoos, Anne B.; McMahon, Gerard

2009-01-01

Understanding how nitrogen transport across the landscape varies with landscape characteristics is important for developing sound nitrogen management policies. We used a spatially referenced regression analysis (SPARROW) to examine landscape characteristics influencing delivery of nitrogen from sources in a watershed to stream channels. Modelled landscape delivery ratio varies widely (by a factor of 4) among watersheds in the southeastern United States—higher in the western part (Tennessee, Alabama, and Mississippi) than in the eastern part, and the average value for the region is lower compared to other parts of the nation. When we model landscape delivery ratio as a continuous function of local-scale landscape characteristics, we estimate a spatial pattern that varies as a function of soil and climate characteristics but exhibits spatial structure in residuals (observed load minus predicted load). The spatial pattern of modelled landscape delivery ratio and the spatial pattern of residuals coincide spatially with Level III ecoregions and also with hydrologic landscape regions. Subsequent incorporation into the model of these frameworks as regional scale variables improves estimation of landscape delivery ratio, evidenced by reduced spatial bias in residuals, and suggests that cross-scale processes affect nitrogen attenuation on the landscape. The model-fitted coefficient values are logically consistent with the hypothesis that broad-scale classifications of hydrologic response help to explain differential rates of nitrogen attenuation, controlling for local-scale landscape characteristics. Negative model coefficients for hydrologic landscape regions where the primary flow path is shallow ground water suggest that a lower fraction of nitrogen mass will be delivered to streams; this relation is reversed for regions where the primary flow path is overland flow.

Water Stress Scatters Nitrogen Dilution Curves in Wheat

Directory of Open Access Journals (Sweden)

Marianne Hoogmoed

2018-04-01

Full Text Available Nitrogen dilution curves relate a crop’s critical nitrogen concentration (%Nc to biomass (W according to the allometric model %Nc = a W-b. This model has a strong theoretical foundation, and parameters a and b show little variation for well-watered crops. Here we explore the robustness of this model for water stressed crops. We established experiments to examine the combined effects of water stress, phenology, partitioning of biomass, and water-soluble carbohydrates (WSC, as driven by environment and variety, on the %Nc of wheat crops. We compared models where %Nc was plotted against biomass, growth stage and thermal time. The models were similarly scattered. Residuals of the %Nc - biomass model at anthesis were positively related to biomass, stem:biomass ratio, Δ13C and water supply, and negatively related to ear:biomass ratio and concentration of WSC. These are physiologically meaningful associations explaining the scatter of biomass-based dilution curves. Residuals of the thermal time model showed less consistent associations with these variables. The biomass dilution model developed for well-watered crops overestimates nitrogen deficiency of water-stressed crops, and a biomass-based model is conceptually more justified than developmental models. This has implications for diagnostic and modeling. As theory is lagging, a greater degree of empiricism might be useful to capture environmental, chiefly water, and genotype-dependent traits in the determination of critical nitrogen for diagnostic purposes. Sensitivity analysis would help to decide if scaling nitrogen dilution curves for crop water status, and genotype-dependent parameters are needed.

Credit Market Information Feedback

OpenAIRE

Balasubramanyan, Lakshmi; Craig, Ben R.; Thomson, James B.; Zaman, Saeed

2015-01-01

We examine how a combination of credit market and asset quality information can jointly be used in assessing bank franchise value. We find that expectations of future credit demand and future asset quality explain contemporaneous bank franchise value, indicative of the feedback in credit market information and its consequent impact on bank franchise value.

Evaluation and optimization of nutritional and environmental impact of biogas residues

International Nuclear Information System (INIS)

Lichti, Fabian Heribert

2013-01-01

On the basis of the dynamic growth of biogas plants in Germany the fertilization with biogas residues has obtained an important role for recirculation of plant nutrients, particularly with regard to nitrogen. In this work the effect of N nutrition with biogas residues was assessed in a 3-year on-field trial conducted at four sites throughout Bavaria. The fertilizing effects were tested by varying rate and time of biogas residues application, using different application techniques and the addition of nitrification inhibitors on several crops. The biogas residues achieved mineral fertilizer equivalents of 30 - 45 %. Overall, the untreated biogas residues showed a slightly increased N efficiency compared to cattle manure, whereas particularly site-dependent differences resulted in large differences in N efficiency of biogas residues.

Effects of nitrogen loading on greenhouse gas emissions in salt marshes

Science.gov (United States)

Tang, J.; Moseman-Valtierra, S.; Kroeger, K. D.; Morkeski, K.; Mora, J.; Chen, X.; Carey, J.

2014-12-01

Salt marshes play an important role in global and regional carbon and nitrogen cycling. We tested the hypothesis that anthropogenic nitrogen loading alters greenhouse gas (GHG, including CO2, CH4, and N2O) emissions and carbon sequestration in salt marshes. We measured GHG emissions biweekly for two growing seasons across a nitrogen-loading gradient of four Spartina salt marshes in Waquoit Bay, Massachusetts. In addition, we conducted nitrogen addition experiments in a pristine marsh by adding low and high nitrate to triplicate plots bi-weekly during the summer. The GHG flux measurements were made in situ with a state-of-the-art mobile gas measurement system using the cavity ring down technology that consists of a CO2/CH4 analyzer (Picarro) and an N2O/CO analyzer (Los Gatos). We observed strong seasonal variations in greenhouse gas emissions. The differences in gas emissions across the nitrogen gradient were not significant, but strong pulse emissions of N2O were observed after nitrogen was artificially added to the marsh. Our results will facilitate model development to simulate GHG emissions in coastal wetlands and support methodology development to assess carbon credits in preserving and restoring coastal wetlands.

The two-child limit for Universal Credit and Child Tax Credit

OpenAIRE

MACHIN, Richard

2017-01-01

Richard Machin explores the background to, and likely impact of, the two-child limit on the child element in Universal Credit and the Child Tax Credit, which was introduced by the Welfare Reform and Work Act 2016

Coking of residue hydroprocessing catalysts

Energy Technology Data Exchange (ETDEWEB)

Gray, M.R.; Zhao, Y.X. [Alberta Univ., Edmonton, AB (Canada). Dept. of Chemical Engineering; McKnight, C.A. [Syncrude Canada Ltd., Edmonton, AB (Canada); Komar, D.A.; Carruthers, J.D. [Cytec Industries Inc., Stamford, CT (United States)

1997-11-01

One of the major causes of deactivation of Ni/Mo and Co/Mo sulfide catalysts for hydroprocessing of heavy petroleum and bitumen fractions is coke deposition. The composition and amount of coke deposited on residue hydroprocessing catalysts depends on the composition of the liquid phase of the reactor. In the Athabasca bitumen, the high molecular weight components encourage coke deposition at temperatures of 430 to 440 degrees C and at pressures of 10 to 20 MPa hydrogen pressure. A study was conducted to determine which components in the heavy residual oil fraction were responsible for coking of catalysts. Seven samples of Athabasca vacuum residue were prepared by supercritical fluid extraction with pentane before being placed in the reactor. Carbon content and hydrodesulfurization activity was measured. It was concluded that the deposition of coke depended on the presence of asphaltenes and not on other compositional variables such as content of nitrogen, aromatic carbon or vanadium.

Credit Hours with No Set Time: A Study of Credit Policies in Asynchronous Online Education

Science.gov (United States)

Prasuhn, Frederick Carl

2014-01-01

U.S. public university system policies were examined to learn how credit hours were determined for asynchronous online education. Findings indicated that (a) credit hour meaning and use are not consistent, (b) primary responsibility for credit hour decisions was at the local level, and (c) no policies exist to guide credit hour application for…

CREDIT DEFAULT SWAPS IN THE MECHANISM OF REDISTRIBUTION OF CREDIT RISK

Directory of Open Access Journals (Sweden)

O. Solodka

2015-03-01

Full Text Available In the article the economic nature and the functioning of CDS in terms of efficient redistribution of credit risk. The features of the dynamics of the nominal volume of the world market CDS, the gross market value and net market value of the CDS. Proved that more objective indicators of total credit risk shenerovanoho financial institutions are gross market value of the CDS and the net market value of CDS. We consider the variety and scope of CDS. Studied objectivity CDS valuation depending on the basis for valuation of CDS. In the mechanism of functioning CDS credit event as defined default “subject matter”, the features of conventional and technical default. Noted that a credit event for the use of CDS may also restructuring the company, bankruptcy or downgrade economic entity. In the article the types of CDS, including Basket Default Swap and First-of- Basket-to-Default Swap. We consider the application of CDS, namely hedge the credit risk of the underlying asset, which issued CDS; hedging credit risk of other assets by CDS; speculative trading in CDS. Depending on the particular basis for valuation of CDS, investigated objective valuation based on the value of CDS hedging; valuation CDS, based on the intensity of default; CDS valuation based on credit rating; valuation CDS, based on the value of the company. Proved that hedging through CDS will be effective only for the low correlation between the default of the underlying asset and counterparty default on swaps. It is proved that the accuracy and redutsyrovanyh structural models strongly depends on the “a long history of trading” underlying assets, asset must have a long history of trading, be the subject of in-depth analysis of a wide range of analysts and traders.

Nitrogen immobilization and mineralization during initial decomposition of 15N-labelled pea and barley residues

DEFF Research Database (Denmark)

Jensen, E.S.

1997-01-01

The immobilization and mineralization of N following plant residue incorporation were studied in a sandy loam soil using N-15-labelled field pea (Pisum sativum L.) and spring barley (Hordeum vulgare L.) straw. Both crop residues caused a net immobilization of soil-derived inorganic N during...... the complete incubation period of 84 days. The maximum rate of N immobilization was found to 12 and 18 mg soil-derived N g(-1) added C after incorporation of pea and barley residues, respectively. After 7 days of incubation, 21% of the pea and 17% of the barley residue N were assimilated by the soil microbial...... the decomposition of the barley residue. The net mineralization of residue-derived N was 2% in the barley and 22% in the pea residue treatment after 84 days of incubation. The results demonstrated that even if crop residues have a relative low C/N ratio (15), transient immobilization of soil N in the microbial...

Credit Cards. Bulletin No. 721. (Revised.)

Science.gov (United States)

Fox, Linda Kirk

This cooperative extension bulletin provides basic information about credit cards and their use. It covers the following topics: types of credit cards (revolving credit, travel and entertainment, and debit); factors to consider when evaluating a credit card (interest rates, grace period, and annual membership fee); other credit card costs (late…

7 CFR 4280.139 - Credit quality.

Science.gov (United States)

2010-01-01

... 7 Agriculture 15 2010-01-01 2010-01-01 false Credit quality. 4280.139 Section 4280.139 Agriculture... Improvements Program Section B. Guaranteed Loans § 4280.139 Credit quality. The lender must determine credit quality and must address all of the elements of credit quality in a written credit analysis, including...

Value of credit bureau reports

Directory of Open Access Journals (Sweden)

Brković Milan

2017-01-01

Full Text Available An efficient system of credit information sharing contributes to solving the problem of information asymmetry on the credit and financial markets in general. The consequences of the global economic and financial crisis revealed an increasing demand for reliable information and data which could close the existing gap in their insufficiency, misuse or inadequate analytical value for the economic and financial policy makers. In that sense, more attention is directed to the usefulness of credit information sharing and the practical value of information and data contained in credit bureau reports for the purposes of achieving the overall economic policy goals. The fulfillment of that role depends mostly on the credit information sharing system and its characteristics, participants, and procedures. A credit bureau report in the best possible manner reflects all advantages and disadvantages of the established credit information exchange system in terms of its analytical value for the purposes of efficient macroeconomic and macrofinancial policies.

A coupled creep plasticity model for residual stress relaxation of a shot-peened nickel-based superalloy

Science.gov (United States)

Buchanan, Dennis J.; John, Reji; Brockman, Robert A.; Rosenberger, Andrew H.

2010-01-01

Shot peening is a commonly used surface treatment process that imparts compressive residual stresses into the surface of metal components. Compressive residual stresses retard initiation and growth of fatigue cracks. During component loading history, shot-peened residual stresses may change due to thermal exposure, creep, and cyclic loading. In these instances, taking full credit for compressive residual stresses would result in a nonconservative life prediction. This article describes a methodical approach for characterizing and modeling residual stress relaxation under elevated temperature loading, near and above the monotonic yield strength of INI 00. The model incorporates the dominant creep deformation mechanism, coupling between the creep and plasticity models, and effects of prior plastic strain to simulate surface treatment deformation.

12 CFR 703.6 - Credit analysis.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Credit analysis. 703.6 Section 703.6 Banks and... ACTIVITIES § 703.6 Credit analysis. A Federal credit union must conduct and document a credit analysis on an... Federal Deposit Insurance Corporation. A Federal credit union must update this analysis at least annually...

Trust and Credit

DEFF Research Database (Denmark)

Harste, Gorm

The present paper is an answer to the question, how did trust and credit emerge. The systems of trust and credit reduce the environmental and contextual complexities in which trust and credit are embedded. The paper analyses the forms of this reduction in a number of stages in the evolution...... of history from the present risk of modern systems back to early modernity, the Reformation and the high medieval Revolutions in law, organization and theology. It is not a history of economics, but a history of the conditions of some communication codes used in economic systems....

Credit Risk Modeling

DEFF Research Database (Denmark)

Lando, David

Credit risk is today one of the most intensely studied topics in quantitative finance. This book provides an introduction and overview for readers who seek an up-to-date reference to the central problems of the field and to the tools currently used to analyze them. The book is aimed at researchers...... and students in finance, at quantitative analysts in banks and other financial institutions, and at regulators interested in the modeling aspects of credit risk. David Lando considers the two broad approaches to credit risk analysis: that based on classical option pricing models on the one hand...

Technical Basis for Peak Reactivity Burnup Credit for BWR Spent Nuclear Fuel in Storage and Transportation Systems

Energy Technology Data Exchange (ETDEWEB)

Marshall, William BJ J [ORNL; Ade, Brian J [ORNL; Bowman, Stephen M [ORNL; Gauld, Ian C [ORNL; Ilas, Germina [ORNL; Mertyurek, Ugur [ORNL; Radulescu, Georgeta [ORNL

2015-01-01

credit at peak reactivity requires a different set of experiments than for pressurized-water reactor burnup credit analysis because of differences in actinide compositions, presence of residual gadolinium absorber, and lower fission product concentrations. A survey of available critical experiments is presented along with a sample criticality code validation and determination of undercoverage penalties for some nuclides. The validation of depleted fuel compositions at peak reactivity presents many challenges which largely result from a lack of radiochemical assay data applicable to BWR fuel in this burnup range. In addition, none of the existing low burnup measurement data include residual gadolinium measurements. An example bias and uncertainty associated with validation of actinide-only fuel compositions is presented.

Documentary Credit Transfer and Other Financing from What Can Match as Product of Credit

Directory of Open Access Journals (Sweden)

Libardo Quintero Salazar

2016-12-01

Full Text Available When a contract of international sale of goods is mediated by a form of payment as the documentary credit, exporters that initially lack financial resources to produce or obtain merchandise that then will be delivered to the importer, look as first natural possibility of financing the transfer for the documentary credit. Now not always the credit can be transferable in accordance with the Uniform Customs and Practice for Documentary Credits (UCP – because, for example, the importer or the financial entity do not want it in that way. Given the above scenario, this article aims to provide solutions, explaining legal alternatives for the exporter that is not in the UCP-, to use the money that might correspond as a result of the documentary credit, to finance the production or acquisition of goods against other traders, and then reselling them to the importer. It concludes that the exporter can achieve such immediate funding - similar to what encourage the transfer of documentary credit - using to their relations with the supplier, figures as the assignment of a future credit, banker’s acceptance and contract terms.

Modern bank's credit risk

Directory of Open Access Journals (Sweden)

Šabović Šerif

2015-01-01

Full Text Available Credit risk is the most important risk banks have to face with. It occurs due to an obligation created because of debtors' capital and interest rate nonpayment. Debtors obligations non-fulfilment may lead to great losses and insolvency in bank's business. Credit risk is the crucial reason of bank's insolvency. Over 80% of bank's balance sheet is exposed to credit risk.

Inventory and Credit Decisions under Day-Terms Credit Linked Demand and Allowance for Bad Debts

Directory of Open Access Journals (Sweden)

K. K. Aggarwal

2014-01-01

Full Text Available In order to stimulate demand of their product, firms generally give credit period to their customers. However, selling on credit exposes the firms to the additional dimension of bad debts expense (i.e., customer’s default. Moreover, credit period through its influence on demand becomes a determinant of inventory decisions and inventory sold on credit gets converted to accounts receivable indicating the interaction between the two. Since inventory and credit decisions are interrelated, inventory decisions must be determined jointly with credit decisions. Consequently, in this paper, a mathematical model is developed to determine inventory and credit decisions jointly. The demand rate is assumed to be a logistic function of credit period. The accounts receivable carrying cost along with an explicit consideration of bad debt expense which have been often ignored in previous models are incorporated in the present model. The discounted cash flow approach (DCF is used to develop the model and the objective is to maximize the present value of the firm’s net profit per unit time. Finally, numerical example and sensitivity analysis have been done to illustrate the effectiveness of the proposed model.

Crop residue decomposition, residual soil organic matter and nitrogen mineralization in arable soils with contrasting textures

NARCIS (Netherlands)

Matus, F.J.

1994-01-01

To evaluate the significance of cropping, soil texture and soil structure for the decomposition of ¹⁴C- and ¹⁵N-labelled crop residues, a study was conducted in a sand and a

Credit Card Debt Hardship Letter Samples

OpenAIRE

lissa coffey

2016-01-01

Having trouble with your credit card debt? Below you will find examples of hardship letters. There are several things to consider when writing a credit card hardship letter. A hardship letter is the first step to letting the credit card company know that things are bad. This free credit card hardship letter sample is only a guide in order to start the negotiation. Credit card debt hardship letter example, hardship letter to credit card. If you are having trouble paying off your debt and need ...

Residual diesel measurement in sand columns after surfactant/alcohol washing

International Nuclear Information System (INIS)

Martel, R.; Gelinas, P.J.

1996-01-01

A new simple gravimetric technique has been designed to determine residual oil saturation of complex hydrocarbon mixtures (e.g., diesel) in sand column experiments because reliable methods are lacking. The He/N 2 technique is based on drying of sand columns by circulating helium gas to drag oil droplets in a cold trap (liquid nitrogen). With this technique, residual diesel measurement can be performed easily immediately after alcohol/surfactant washing and in the same lab. For high residual diesel content in Ottawa sand (25 to 30 g/kg), the technique is much more accurate (± 2% or 600 mg/kg) than the standard analytical methods for the determination of mineral oil and grease. The average relative error on partial diesel dissolution in sand column estimated after alcohol/surfactant flooding (residual saturation of 10 to 15 g/kg) is as low as 5%. The precision of the He/N 2 technique is adequate to compare relative efficiency of washing solutions when partial extraction of residual oil in Ottawa sand columns is performed. However, this technique is not adapted for determination of traces of oil in sediment or for environmental control of contaminated soils. Each diesel determination by the He/N 2 technique costs less than $8 in chemical products (helium and liquid nitrogen). A simple laboratory drying setup can be built for less than $400 which makes this technique valuable for diesel analyses when a large number of tests are required

Fertilizer nitrogen leaching in relation to water regime and the fertilizer placement method

International Nuclear Information System (INIS)

Moustafa, A.T.A.; Khadr, M.S.

1983-01-01

A field experiment was conducted at the farm of Sids Experimental Station, Ministry of Agriculture, Middle Egypt, to evaluate the effect of the water regime and fertilizer placement method on the leaching of urea fertilizer under field conditions. Ordinary and heavy irrigations were the water regimes, while side-banding and surface broadcasting were the fertilizer placement methods. Wheat (Giza 158, local variety) was planted, and urea labelled with 15 N at the rate of 100 kg N/ha was added at planting. The data obtained showed that in general the leaching process of urea fertilizer, as evaluated from the amounts of fertilizer nitrogen residues, is not uniform even within replicates. This is despite the fact that the average total amount of fertilizer nitrogen residues in the soil profile to a depth of 125 cm is almost the same in the different treatments. Data also show that the bulk of fertilizer nitrogen residues is accumulated in the surface soil layers, especially at 0-25 cm. Only 10% of the fertilizer nitrogen is detected below 75 cm and up to 125 cm depth of the soil profile. It could be concluded that urea leaching (amount and depth) under these conditions is affected mainly by the soil characteristics, namely soil pores. This is in addition to some other factors that cause variable concentrations in the soil solution leaving the root zone. (author)

Credit cues and impression management: a preliminary attempt to explain the credit card effect.

Science.gov (United States)

McCall, Michael; Trombetta, Jessica; Gipe, Aimee

2004-08-01

Prior research had suggested that individuals would estimate higher product values and even tip more in the presence of credit cues. In the absence of a clear theoretical interpretation of this credit card effect we propose that this tendency is an impression management strategy such that credit cue exposure influences perceptions of the self and focuses attention on individual wealth. Thus, in the presence of others, credit cues serve to enhance images of the self. Preliminary data in support of this alternative theoretical perspective are presented.

Permit trading and credit trading

DEFF Research Database (Denmark)

Boom, Jan-Tjeerd; R. Dijstra, Bouwe

This paper compares emissions trading based on a cap on total emissions (permit trading) and on relative standards per unit of output (credit trading). Two types of market structure are considered: perfect competition and Cournot oligopoly. We find that output, abatement costs and the number...... of firms are higher under credit trading. Allowing trade between permit-trading and credit-trading sectors may increase in welfare. With perfect competition, permit trading always leads to higher welfare than credit trading. With imperfect competition, credit trading may outperform permit trading....... Environmental policy can lead to exit, but also to entry of firms. Entry and exit have a profound impact on the performance of the schemes, especially under imperfect competition. We find that it may be impossible to implement certain levels of total industry emissions. Under credit trading several levels...

12 CFR 714.5 - What is required if you rely on an estimated residual value greater than 25% of the original cost...

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false What is required if you rely on an estimated residual value greater than 25% of the original cost of the leased property? 714.5 Section 714.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS LEASING § 714.5 What is...

Residual N effects from livestock manure inputs to soils

DEFF Research Database (Denmark)

Schröder, Jaap; Bechini, Luca; Bittman, Shabtai

Organic inputs including livestock manures provide nitrogen (N) to crops beyond the year of their application. This so-called residual N effect should be taken into account when making decisions on N rates for individual fields, but also when interpreting N response trials in preparation...

Overrated credit risk: three essays on credit risk in turbulent times

NARCIS (Netherlands)

Bongaerts, D.G.J.

2010-01-01

Credit markets have shown a dramatic development at the start of the 21st century. Increased regulatory pressure on financial institutions has spurred the development of innovative products that allow for transfer of credit risk. These developments lay at the base of the largest financial crisis

Sub-ambient carbon dioxide adsorption properties of nitrogen doped graphene

Energy Technology Data Exchange (ETDEWEB)

Tamilarasan, P.; Ramaprabhu, Sundara, E-mail: ramp@iitm.ac.in [Alternative Energy and Nanotechnology Laboratory (AENL), Nano Functional Materials Technology Centre (NFMTC), Department of Physics, Indian Institute of Technology Madras, Chennai 600036 (India)

2015-04-14

Carbon dioxide adsorption on carbon surface can be enhanced by doping the surface with heterogeneous atoms, which can increase local surface affinity. This study presents the carbon dioxide adsorption properties of nitrogen doped graphene at low pressures (<100 kPa). Graphene was exposed to nitrogen plasma, which dopes nitrogen atoms into carbon hexagonal lattice, mainly in pyridinic and pyrrolic forms. It is found that nitrogen doping significantly improves the CO{sub 2} adsorption capacity at all temperatures, due to the enrichment of local Lewis basic sites. In general, isotherm and thermodynamic parameters suggest that doped nitrogen sites have nearly same adsorption energy of surface defects and residual functional groups. The isosteric heat of adsorption remains in physisorption range, which falls with surface coverage, suggesting the distribution of magnitude of adsorption energy. The absolute values of isosteric heat and entropy of adsorption are slightly increased upon nitrogen doping.

The Impact of Financial Development on the Relationship between Trade Credit, Bank Credit and Firm Characteristics

OpenAIRE

Jézabel Couppey-Soubeyran; Jérôme Héricourt

2013-01-01

Using a database of more than 1,300 firms from six countries in the MENA region, we study the impact of financial development on the relationship between trade credit on the one hand and bank credit access and firm-level characteristics, especially financial health, on the other hand. Trade credit use increases with the difficulty for gaining access to bank credit, and indicators of the quality of the firm's financial structure negatively influence the use of trade credit. Additional investig...

Regional lung function evaluation with nitrogen-13

Energy Technology Data Exchange (ETDEWEB)

Ahluwalia, B; Brownell, G L; Hales, C; Kazemi, H

1981-10-01

Regional ventilation and perfusion studies are routinely performed with molecular nitrogen-13 (a short-lived positron emitter), a multicrystal positron camera, and a computer. These studies have the advantage of viewing with equal sensitivity all sections of the lung simultaneously. Nitrogen-13 is less soluble than xenon in blood and therefore allows more accurate ventilation imaging. The short half-life of the radiopharmaceutical allows simultaneous ventilation and perfusion scintigraphy of the lung. Unlike other imaging techniques in which the residual radioactivity persists in the lung for hours, nitrogen-13 is rapidly cleared allowing repetitive imaging. Ventilation and perfusion studies are part of the routine preoperative evaluation for lung cancer resection or for bullectomy in patients with chronic obstructive pulmonary disease and for assessment of pulmonary emboli in the presence of chronic obstructive disease.

The "Negative" Credit Card Effect: Credit Cards as Spending-Limiting Stimuli in New Zealand

Science.gov (United States)

Lie, Celia; Hunt, Maree; Peters, Heather L.; Veliu, Bahrie; Harper, David

2010-01-01

The "credit card effect" describes a finding where greater value is given to consumer items if credit card logos are present. One explanation for the effect is that credit cards elicit spending behavior through associative learning. If this is true, social, economic and historical contexts should alter this effect. In Experiment 1, Year…

Virtual Nitrogen Losses from Organic Food Production

Science.gov (United States)

Cattell Noll, L.; Galloway, J. N.; Leach, A. M.; Seufert, V.; Atwell, B.; Shade, J.

2015-12-01

Reactive nitrogen (Nr) is necessary for crop and animal production, but when it is lost to the environment, it creates a cascade of detrimental environmental impacts. The nitrogen challenge is to maximize the food production benefits of Nr, while minimizing losses to the environment. The first nitrogen footprint tool was created in 2012 to help consumers learn about the Nr losses to the environment that result from an individual's lifestyle choices. The nitrogen lost during food production was estimated with virtual nitrogen factors (VNFs) that quantify the amount of nitrogen lost to the environment per unit nitrogen consumed. Alternative agricultural systems, such as USDA certified organic farms, utilize practices that diverge from conventional production. In order to evaluate the potential sustainability of these alternative agricultural systems, our team calculated VNFs that reflect organic production. Initial data indicate that VNFs for organic grains and organic starchy roots are comparable to, but slightly higher than conventional (+10% and +20% respectively). In contrast, the VNF for organic vegetables is significantly higher (+90%) and the VNF for organic legumes is significantly lower (-90%). Initial data on organic meat production shows that organic poultry and organic pigmeat are comparable to conventional production (both <5% difference), but that the organic beef VNF is significantly higher (+30%). These data show that in some cases organic and conventional production are comparable in terms of nitrogen efficiency. However, since conventional production relies heavily on the creation of new reactive nitrogen (Haber-Bosch, biological nitrogen fixation) and organic production primarily utilizes already existing reactive nitrogen (manure, crop residue, compost), the data also show that organic production contributes less new reactive nitrogen to the environment than conventional production (approximately 70% less). Therefore, we conclude that on a local

Intertemporal consumption and credit constraints

DEFF Research Database (Denmark)

Leth-Petersen, Søren

2010-01-01

There is continuing controversy over the importance of credit constraints. This paper investigates whether total household expenditure and debt is affected by an exogenous increase in access to credit provided by a credit market reform that enabled Danish house owners to use housing equity...

Residual N effects from livestock manure inputs to soils

NARCIS (Netherlands)

Schroder, J.J.; Bechini, L.; Bittman, S.; Brito, M.P.; Delin, S.; Lalor, S.T.J.; Morvan, T.; Chambers, B.J.; Sakrabani, R.; Sørensen, P.B.

2013-01-01

Organic inputs including livestock manures provide nitrogen (N) to crops beyond the year of their application. This so-called residual N effect should be taken into account when making decisions on N rates for individual fields, but also when interpreting N response trials in preparation of

Dynamic Diversification in Corporate Credit

DEFF Research Database (Denmark)

Christoffersen, Peter; Jacobs, Kris; Jin, Xisong

We characterize diversification in corporate credit using a new class of dynamic copula models which can capture dynamic dependence and asymmetry in large samples of firms. We also document important differences between credit spread and equity return dependence dynamics. Modeling a decade...... the crisis and remain high as well. The most important shocks to credit dependence occur in August of 2007 and in August of 2011, but interestingly these dates are not associated with significant changes to median credit spreads....

12 CFR 615.5172 - Production credit association and agricultural credit association investment in farmers' notes...

Science.gov (United States)

2010-01-01

... credit association investment in farmers' notes given to cooperatives and dealers. 615.5172 Section 615....5172 Production credit association and agricultural credit association investment in farmers' notes... farmers and ranchers eligible to borrow from such associations. (b) Such notes and other obligations...

Burnup credit in Spain

International Nuclear Information System (INIS)

Conde, J.M.; Recio, M.

2001-01-01

The status of development of burnup credit for criticality safety analyses in Spain is described in this paper. Ongoing activities in the country in this field, both national and international, are resumed. Burnup credit is currently being applied to wet storage of PWR fuel, and credit to integral burnable absorbers is given for BWR fuel storage. It is envisaged to apply burnup credit techniques to the new generation of transport casks now in the design phase. The analysis methodologies submitted for the analyses of PWR and BWR fuel wet storage are outlined. Analytical activities in the country are described, as well as international collaborations in this field. Perspectives for future research and development of new applications are finally resumed. (author)

Efficiency of nitrogen in NP compound (Mixed) fertilizers

International Nuclear Information System (INIS)

Guo Ying; Peng Genyuan; Wang Fujun

1990-01-01

Pot experiments with spring wheat (Triticum aestivum L.) and rice (Oryza sativa L.) were designed to study the utilization rate of different forms of 15 N labelled components of fertilizers and the efficiency of N residual in soil. Results showed that: 1. Three kinds of fertilizers (nitrophosphate, urea + MAP, and urea + superphosphate) gave the same effect on the yields of wheat when they were used as a basal fertilizer. 2. The utilization rate of fertilizer nitrogen by the shoot of wheat depends on the nitrogen form rather than type and composition of fertilizer. The utilization rates are 35.0% for NH 4 + in urea + MAP; 31.4% for NH 4 + in nitrophosphate; 28.1% for urea N in urea + MAP; 24.8% for NO 3 - in nitrophosphate. Among the three forms, the NO 3 - of nitrophosphate was of the highest soil residual rate (48.9%) and the nitrogen in NH 4 H 2 PO 4 had the lowest loss (22.7%). 3. All types of tested fertilizers applied to spring wheat as basal nutrient were of equal effect on grain yield of the subsequently planted rice. 7.2%-8.9% of 15 N labelled components of fertilizers applied to spring wheat as basal nutrient were utilized by rice plants (grain + straw)

Dual Credit Report

Science.gov (United States)

Light, Noreen

2016-01-01

In 2015, legislation to improve access to dual-credit programs and to reduce disparities in access and completion--particularly for low income and underrepresented students--was enacted. The new law focused on expanding access to College in the High School but acknowledged issues in other dual-credit programs and reinforced the notion that cost…

Limited take-up of health coverage tax credits: a challenge to future tax credit design.

Science.gov (United States)

Dorn, Stan; Varon, Janet; Pervez, Fouad

2005-10-01

The Trade Act of 2002 created federal tax credits to subsidize health coverage for certain early retirees and workers displaced by international trade. Though small, this program offers the opportunity to learn how to design future tax credits for larger groups of uninsured. During September 2004, the most recent month for which there are data about all forms of Trade Act credits, roughly 22 percent of eligible individuals received credits. The authors find that health insurance tax credits are more likely to reach their target populations if such credits: 1) limit premium costs for the low-income uninsured and do not require full premium payments while applications are pending; 2) provide access to coverage that beneficiaries value, including care for preexisting conditions; 3) are combined with outreach that uses easily understandable, multilingual materials and proactive enrollment efforts; and 4) feature a simple application process involving one form filed with one agency.

12 CFR 614.4125 - Funding and discount relationships between Farm Credit Banks or agricultural credit banks and...

Science.gov (United States)

2010-01-01

..., Risk Management, Farm Credit System Insurance Corporation. (f) A direct lender association shall... Administration office that the Chief Examiner designates, and the Director, Risk Management, Farm Credit System... Credit Banks or agricultural credit banks and direct lender associations. 614.4125 Section 614.4125 Banks...

Follow Up: Credit Card Caution

Science.gov (United States)

Cahill, Timothy P.

2007-01-01

In "Pushing Plastic," ("The New England Journal of Higher Education", Summer 2007), John Humphrey notes that many college administrators justify their credit card solicitations by suggesting that credit card access will help students learn to manage their own finances. Instead, credit card debt will teach thousands of students…

49 CFR 260.13 - Credit reform.

Science.gov (United States)

2010-10-01

... appropriations, direct payment of a Credit Risk Premium by the Applicant or a non-Federal infrastructure partner... 49 Transportation 4 2010-10-01 2010-10-01 false Credit reform. 260.13 Section 260.13... REHABILITATION AND IMPROVEMENT FINANCING PROGRAM Overview § 260.13 Credit reform. The Federal Credit Reform Act...

76 FR 79531 - Corporate Credit Unions

Science.gov (United States)

2011-12-22

... exclude CLF stock subscriptions, based on the asset's negligible credit risk and to facilitate corporate... removing paragraphs (c)(3) and (f)(4) and adding paragraph (h) to read as follows: Sec. 704.6 Credit risk... NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 704 RIN 3133-AD95 Corporate Credit Unions AGENCY...

Regulatory status of burnup credit for dry storage and transport of spent nuclear fuel in the United States

International Nuclear Information System (INIS)

Carlson, D.E.

2001-01-01

During 1999, the Spent Fuel Project Office of the U.S. Nuclear Regulatory Commission (NRC) introduced technical guidance for allowing burnup credit in the criticality safety analysis of casks for transporting or storing spent fuel from pressurized water reactors. This paper presents the recommendations embodied by the current NRC guidance, discusses associated technical issues, and reviews information needs and industry priorities for expanding the scope and content of the guidance. Allowable analysis approaches for burnup credit must account for the fuel irradiation variables that affect spent fuel reactivity, including the axial and horizontal variation of burnup within fuel assemblies. Consistent with international transport regulations, the burnup of each fuel assembly must be verified by pre-loading measurements. The current guidance limits the credited burnup to no more than 40 GWd/MTU and the credited cooling time to five years, imposes a burnup offset for fuels with initial enrichments between 4 and 5 wt% 235U, does not include credit for fission products, and excludes burnup credit for damaged fuels and fuels that have used burnable absorbers. Burnup credit outside these limits may be considered when adequately supported by technical information beyond that reviewed to-date by the NRC staff. The guidance further recommends that residual subcritical margins from the neglect of fission products, and any other nuclides not credited in the licensing-basis analysis, be estimated for each cask design and compared against estimates of the maximum reactivity effects associated with remaining computational uncertainties and potentially nonconservative modeling assumptions. The NRC's Office of Nuclear Regulatory Research is conducting a research program to help develop the technical information needed for refining and expanding the evolving guidance. Cask vendors have announced plans to submit the first NRC license applications for burnup credit later this year

Examination of the Potential for Adaptive Chirality of the Nitrogen Chiral Center in Aza-Aspartame

Directory of Open Access Journals (Sweden)

Samir H. Bouayad-Gervais

2013-11-01

Full Text Available The potential for dynamic chirality of an azapeptide nitrogen was examined by substitution of nitrogen for the α-carbon of the aspartate residue in the sweetener S,S-aspartame. Considering that S,S- and R,S-aspartame possess sweet and bitter tastes, respectively, a bitter-sweet taste of aza-aspartame 9 could be indicative of a low isomerization barrier for nitrogen chirality inter-conversion. Aza-aspartame 9 was synthesized by a combination of hydrazine and peptide chemistry. Crystallization of 9 indicated a R,S-configuration in the solid state; however, the aza-residue chiral center was considerably flattened relative to its natural amino acid counterpart. On tasting, the authors considered aza-aspartame 9 to be slightly bitter or tasteless. The lack of bitter sweet taste of aza-aspartame 9 may be due to flattening from sp2 hybridization in the urea as well as a high barrier for sp3 nitrogen inter-conversion, both of which may interfere with recognition by taste receptors.

Examination of the potential for adaptive chirality of the nitrogen chiral center in aza-aspartame.

Science.gov (United States)

Bouayad-Gervais, Samir H; Lubell, William D

2013-11-28

The potential for dynamic chirality of an azapeptide nitrogen was examined by substitution of nitrogen for the α-carbon of the aspartate residue in the sweetener S,S-aspartame. Considering that S,S- and R,S-aspartame possess sweet and bitter tastes, respectively, a bitter-sweet taste of aza-aspartame 9 could be indicative of a low isomerization barrier for nitrogen chirality inter-conversion. Aza-aspartame 9 was synthesized by a combination of hydrazine and peptide chemistry. Crystallization of 9 indicated a R,S-configuration in the solid state; however, the aza-residue chiral center was considerably flattened relative to its natural amino acid counterpart. On tasting, the authors considered aza-aspartame 9 to be slightly bitter or tasteless. The lack of bitter sweet taste of aza-aspartame 9 may be due to flattening from sp2 hybridization in the urea as well as a high barrier for sp3 nitrogen inter-conversion, both of which may interfere with recognition by taste receptors.

Your Credit Rights: An Instructional Unit on Consumer Credit Protection. Revised.

Science.gov (United States)

Jensen, Barbara J.; And Others

This instructional guide adds two new sections to the original guide published in May 1982. The guide was designed to assist educators in teaching the topics of consumer credit and consumer credit protection to secondary and postsecondary students in various economics and business courses, as well as in adult and community education courses. The…

Nitrogenous fertilizer uptake by guinea grass in several growth flushes

International Nuclear Information System (INIS)

Ambrosano, E.J.; Ambrosano, G.M.B.

1996-01-01

Nitrogen recovery was evaluated by the 15 N absorption by guineagrass cv. Tobiata. 15 N fertilizer was applied in February, March, May, June, August and September, in posts containing 5 kg of limed and fertilized soil, under greenhouse conditions in Piracicaba, State of Sao Paulo, Brazil. For each 15 N application three cuttings were performed at approximately 5-7 week interval. The following measurements were taken: consumed water, dry matter yield, nitrogen content, nitrogen in the plant derived form the fertilizers (Ndff), nitrogen recovery (R), and the relation between dry matter yield and nitrogen content. It was also determined the number of vegetative and reproductive tillers and apical meristem elimination. Plant growth was reduced after flowing; highest values of nitrogen recovery in the three cutting were observed for 15 N-fertilizer applied in September and August; highest residual effects, in the second and third cuttings after fertilizers 15 N applications, were observed in September, June and August, reaching 22% in September. (author)

12 CFR 614.4720 - Letters of credit.

Science.gov (United States)

2010-01-01

... Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Banks for Cooperatives and Agricultural Credit Banks Financing International Trade § 614.4720 Letters of credit. Banks for cooperatives and agricultural credit banks, under policies adopted by their boards of directors...

Optimal replenishment and credit policy in supply chain inventory model under two levels of trade credit with time- and credit-sensitive demand involving default risk

Science.gov (United States)

Mahata, Puspita; Mahata, Gour Chandra; Kumar De, Sujit

2018-03-01

Traditional supply chain inventory modes with trade credit usually only assumed that the up-stream suppliers offered the down-stream retailers a fixed credit period. However, in practice the retailers will also provide a credit period to customers to promote the market competition. In this paper, we formulate an optimal supply chain inventory model under two levels of trade credit policy with default risk consideration. Here, the demand is assumed to be credit-sensitive and increasing function of time. The major objective is to determine the retailer's optimal credit period and cycle time such that the total profit per unit time is maximized. The existence and uniqueness of the optimal solution to the presented model are examined, and an easy method is also shown to find the optimal inventory policies of the considered problem. Finally, numerical examples and sensitive analysis are presented to illustrate the developed model and to provide some managerial insights.

Who Gets the Credit? Who Pays the Consequences? The Illinois Tuition Tax Credit. Special Report.

Science.gov (United States)

Pathak, Arohi; Keenan, Nancy

In 1999, Illinois enacted a tuition tax credit program. Tax credit supporters suggest tax credits help low-income students. However, opponents argue that they disproportionately benefit higher-income families whose children are already attending private schools and may decrease already limited resources available to public schools. New data from…

Forecasting the value of credit scoring

Science.gov (United States)

Saad, Shakila; Ahmad, Noryati; Jaffar, Maheran Mohd

2017-08-01

Nowadays, credit scoring system plays an important role in banking sector. This process is important in assessing the creditworthiness of customers requesting credit from banks or other financial institutions. Usually, the credit scoring is used when customers send the application for credit facilities. Based on the score from credit scoring, bank will be able to segregate the "good" clients from "bad" clients. However, in most cases the score is useful at that specific time only and cannot be used to forecast the credit worthiness of the same applicant after that. Hence, bank will not know if "good" clients will always be good all the time or "bad" clients may become "good" clients after certain time. To fill up the gap, this study proposes an equation to forecast the credit scoring of the potential borrowers at a certain time by using the historical score related to the assumption. The Mean Absolute Percentage Error (MAPE) is used to measure the accuracy of the forecast scoring. Result shows the forecast scoring is highly accurate as compared to actual credit scoring.

Fertilizer-nitrogen residues: useful conservation and pollutant potential under maize

International Nuclear Information System (INIS)

Filipovic, R.

1980-01-01

A study of the fate of labelled fertilizer nitrogen in cropped soil, with particular reference to leaching after harvest, is reported. The experiment was carried out in a chernozem soil with three replications and two treatments (I and II), with maize as the crop: I: NPK(120kgN.ha -1 ; 100kgP.ha -1 ; 126kgK.ha -1 . II: NPK+OM(120kgN.ha -1 ; 100kgP.ha -1 ; 126kgK.ha -1 plus 5000kg of organic matter (ground straw) per hectare). A 4-m 2 plot was fertilized with ( 15 NH 4 ) 2 SO 4 containing 10 atom 15 N% excess. Tensiometers and access tubes were installed for measuring water content and water pressure at depths of 30, 60, 100, 150 and 200cm. Harvested crop as well as soil cores taken after crop harvest were analysed for 15 N. The highest content of fertilizer-derived NO 3 - 15 N at 0-60cm depth was 1ppm, and at 120-180cm depth it was 0.3ppm. Climatological data were also obtained. There was evidence that, after harvest, mineral nitrogen had moved to a depth of 2m and some 10% was derived from the labelled fertilizer. Organic matter additions tended to reduce both leaching of nitrate and the percentage of leached Ndff. (author)

Composting as a waste treatment technology: composting of sweet sorghum bagasse with different nitrogen sources

International Nuclear Information System (INIS)

Vicente, J.; Carrasco, J.E.; Negro, M.J.

1996-01-01

The purpose of this work is to study the aerobic solid fermentation of sweet sorghum bagasse in mixture with other additives as nitrogen sources to evaluate the utilization of this material as a substrate for composting. The characteristics of sweet sorghum bagasse, a material extremely low in nutrients as a consequence of sugar juice extraction but with a high organic carbon content, suggest that it may be possible to compost it with other organic wastes nitrogen rich, since this is an indispensable element for the protein synthesis of the microbial biomass which determines the fermentation process. Several additives, including different types of agricultural residues, residues from beer industries, industrial cellulases, an enzymatic commercial product for activation of composting, domestic sewage sludge as well as some inorganic sources, were used in the experiences. The additives were utilized in doses of 1,5 and 10% (in some case 0.1 and 1% by weight), and the final C/N ratio of the mixtures was adjusted to 30 with NH4NO3. taking to account the nitrogen content of the additives. The experiment was carried out in a constant chamber at 37degree centigree and lasted for two month. Best quality composts from a fertilizer perspective were obtained utilizing spillages and grain bagasse (beer industry residue) as a nitrogen sources. On the contrary the use of KNO3 as nitrogen source showed a relatively unfavourable effect on the composting. The results obtained show the suitability of sweet sorghum bagasse to be used as a carbon substrate for composting in mixtures with variety of nitrogen sources. (Author) 15 refs

Treating electrolytic manganese residue with alkaline additives for stabilizing manganese and removing ammonia

Energy Technology Data Exchange (ETDEWEB)

Zhou, Changbo; Wang, Jiwei [Chinese Research Academy of Environmental Sciences, Beijing (China); Wang, Nanfang [Hunan Institute of Engineering, Xiangtan (China)

2013-11-15

Electrolytic manganese residue (EMR) from the electrolytic manganese industry is a solid waste containing mainly calcium sulfate dihydrate and quartzite. It is impossible to directly use the EMR as a building material due to some contaminants such as soluble manganese, ammonia nitrogen and other toxic substances. To immobilize the contaminants and reduce their release into the environment, treating EMR using alkaline additives for stabilizing manganese and removing ammonia was investigated. The physical and chemical characteristics of the original EMR were characterized by XRFS, XRD, and SEM. Leaching test of the original EMR shows that the risks to the environment are the high content of soluble manganese and ammonia nitrogen. The influence of various alkaline additives, solidifying reaction time, and other solidifying reaction conditions such as outdoor ventilation and sunlight, and rain flow on the efficiencies of Mn{sup 2+} solidification and ammonia nitrogen removal was investigated. The results show that with mass ratio of CaO to residue 1 : 8, when the solidifying reaction was carried out indoors for 4 h with no rain flow, the highest efficiencies of Mn{sup 2+} solidification and ammonia nitrogen removal (99.98% and 99.21%) are obtained. Leaching test shows that the concentration and emission of manganese and ammonia nitrogen of the treated EMR meets the requirements of the Chinese government legislation (GB8978-1996)

Treating electrolytic manganese residue with alkaline additives for stabilizing manganese and removing ammonia

International Nuclear Information System (INIS)

Zhou, Changbo; Wang, Jiwei; Wang, Nanfang

2013-01-01

Electrolytic manganese residue (EMR) from the electrolytic manganese industry is a solid waste containing mainly calcium sulfate dihydrate and quartzite. It is impossible to directly use the EMR as a building material due to some contaminants such as soluble manganese, ammonia nitrogen and other toxic substances. To immobilize the contaminants and reduce their release into the environment, treating EMR using alkaline additives for stabilizing manganese and removing ammonia was investigated. The physical and chemical characteristics of the original EMR were characterized by XRFS, XRD, and SEM. Leaching test of the original EMR shows that the risks to the environment are the high content of soluble manganese and ammonia nitrogen. The influence of various alkaline additives, solidifying reaction time, and other solidifying reaction conditions such as outdoor ventilation and sunlight, and rain flow on the efficiencies of Mn"2"+ solidification and ammonia nitrogen removal was investigated. The results show that with mass ratio of CaO to residue 1 : 8, when the solidifying reaction was carried out indoors for 4 h with no rain flow, the highest efficiencies of Mn"2"+ solidification and ammonia nitrogen removal (99.98% and 99.21%) are obtained. Leaching test shows that the concentration and emission of manganese and ammonia nitrogen of the treated EMR meets the requirements of the Chinese government legislation (GB8978-1996)

CREDIT Performance Indicator Framework

DEFF Research Database (Denmark)

Frandsen, Anne Kathrine; Bertelsen, Niels Haldor; Haugbølle, Kim

2010-01-01

During the past two years the Nordic Baltic research project CREDIT (Construction and Real Estate – Developing Indicators for Transparency) has worked with the aim to improve transparency of value creation in building and real estate. One of the central deliverables of the CREDIT project was a fr......During the past two years the Nordic Baltic research project CREDIT (Construction and Real Estate – Developing Indicators for Transparency) has worked with the aim to improve transparency of value creation in building and real estate. One of the central deliverables of the CREDIT project...... was a framework of indicators relevant in building and real estate and applicable in the Nordic and Baltic countries as well as a proposal for a set of key indicators. The study resulting in CREDIT Performance Indicator Framework has been based on 28 case studies of evaluation practises in the building and real...... estate sector each addressing three interlinked levels: building/ projects level, company or enterprise level and benchmarking system level. Additionally it has been based on dialogue with researchers and professional organisation, international research and standardisation work and national building...

12 CFR 704.6 - Credit risk management.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Credit risk management. 704.6 Section 704.6... CREDIT UNIONS § 704.6 Credit risk management. (a) Policies. A corporate credit union must operate according to a credit risk management policy that is commensurate with the investment risks and activities...

Private Sector Credit and Inflation Volatility

Directory of Open Access Journals (Sweden)

Lorna Katusiime

2018-04-01

Full Text Available This paper investigates the effect of inflation volatility on private sector credit growth. The results indicate that private sector credit growth is positively linked to the one period lagged inflation volatility. Given that past monetary policy actions continue to affect the targeted variables due to the substantial lags in the transmission mechanism, the positive response of private sector credit growth to past inflation volatility suggests a credible monetary policy regime in Uganda, which has led to a reduction in the level of macroeconomic uncertainty and the restoration of favorable economic conditions and prospects, thus increasing the demand for credit. Further, the study finds that the lagged private sector credit growth, nominal exchange rate, and inflation have a statistically significant effect on private sector credit growth while financial innovation, interest rates, and GDP growth appear not to be important determinants of private sector credit growth. The robustness of our findings is confirmed by sensitivity checks.

12 CFR 619.9145 - Farm Credit Bank.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Farm Credit Bank. 619.9145 Section 619.9145 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM DEFINITIONS § 619.9145 Farm Credit Bank. The term Farm Credit Bank refers to a bank resulting from the mandatory merger of the Federal land...

Nitrogen cycling in a 15N-fertilized bean (Phaseolus vulgaris L.) crop

International Nuclear Information System (INIS)

Victoria, R.L.; Libardi, P.L.; Reichardt, K.; Cervellini, A.

1982-01-01

To increase our understanding of the fate of applied nitrogen in Phaseolus vulgaris crops grown under tropical conditions, 15 N-labelled urea was applied to bean crops and followed for three consecutive cropping periods. Each crop received 100 kg urea-N ha - 1 and 41 kg KCl-K ha - 1 . At the end of each period we estimated each crop's recovery of the added nitrogen, the residual effects of nitrogen from the previous cropping period, the distribution of nitrogen in the soil profile, and leaching losses of nitrogen. In addition, to evaluate potential effects of added phosphorus on nitrogen cycling in this crop, beans were treated at planting with either 35 kg rock-phosphate-P, 35 kg superphosphate-P, or 0 kg P ha - 1 . Results showed that 31.2% of the nitrogen in the first crop was derived from the applied urea, which represents a nitrogen utilization efficiency of 38.5%, 6.2% of the nitrogen in the second crop was derived from fertilizer applied to the first crop, and 1.4% of the nitrogen in the third crop. (orig./AJ)

Phosphorylated Derivatives of Alkaloids and Nitrogen-containing Heterocycles — Cholinesterase Inhibitors

Science.gov (United States)

Sadykov, Abid S.; Dalimov, D. N.; Godovikov, Nikolai N.

1983-10-01

The review deals with the synthesis and anticholinesterase activities of phosphorylated derivatives of certain alkaloids and nitrogen-containing heterocycles. It is shown that the conformational properties of the alkaloid and nitrogen-containing heterocycle residues in the composition of the organophosphorus inhibitor (OPI) molecule play an important role in the inhibition of the catalytic activity of cholinesterases. The type of inhibition of cholinesterases also varies as a function of chemical structure. The bibliography includes 45 references.

Biological effects of plant residues with constrasting chemical compositions on plant and soil under humid tropical conditions

NARCIS (Netherlands)

Tian, G.

1992-01-01

A study on plant residues with contrasting chemical compositions was conducted under laboratory, growth chamber and humid tropical field conditions to understand the function of the soil fauna in the breakdown of plant residues, the cycling of nutrients, in particular nitrogen, and the

Ammonia production in nitrogen seeded plasma discharges in ASDEX Upgrade

Energy Technology Data Exchange (ETDEWEB)

Rohde, V., E-mail: Volker.Rohde@ipp.mpg.de; Oberkofler, M.

2015-08-15

In present tokamaks nitrogen seeding is used to reduce the power load onto the divertor tiles. Some fraction of the seeded nitrogen reacts with hydrogen to form ammonia. The behaviour of ammonia in ASDEX Upgrade is studied by mass spectrometry. Injection without plasma shows strong absorption at the inner walls of the vessel and isotope exchange reactions. During nitrogen seeding in H-mode discharges the onset of a saturation of the nitrogen retention is observed. The residual gas consists of strongly deuterated methane and ammonia with almost equal amounts of deuterium and protium. This confirms the role of surface reactions in the ammonia formation. The results are consistent with findings in previous investigations. A numerical decomposition of mass spectra is under development and will be needed for quantitative evaluation of the results obtained.

Co-production of bio-ethanol, xylonic acid and slow-release nitrogen fertilizer from low-cost straw pulping solid residue.

Science.gov (United States)

Huang, Chen; Ragauskas, Arthur J; Wu, Xinxing; Huang, Yang; Zhou, Xuelian; He, Juan; Huang, Caoxing; Lai, Chenhuan; Li, Xin; Yong, Qiang

2018-02-01

A novel bio-refinery sequence yielding varieties of co-products was developed using straw pulping solid residue. This process utilizes neutral sulfite pretreatment which under optimal conditions (160 °C and 3% (w/v) sulfite charge) provides 64.3% delignification while retaining 90% of cellulose and 67.3% of xylan. The pretreated solids exhibited excellent enzymatic digestibility, with saccharification yields of 86.9% and 81.1% for cellulose and xylan, respectively. After pretreatment, the process of semi-simultaneous saccharification and fermentation (S-SSF) and bio-catalysis was investigated. The results revealed that decreased ethanol yields were achieved when solid loading increased from 5% to 30%. An acceptable ethanol yield of 76.8% was obtained at 20% solid loading. After fermentation, bio-catalysis of xylose remaining in fermentation broth resulted in near 100% xylonic acid (XA) yield at varied solid loadings. To complete the co-product portfolio, oxidation ammoniation of the dissolved lignin successfully transformed it into biodegradable slow-release nitrogen fertilizer with excellent agricultural properties. Copyright © 2017 Elsevier Ltd. All rights reserved.

CORRELATED ANALYSIS OF CLIENT-CREDIT COST WITH THE ONE OF SUPPLIER - CREDIT COST

Directory of Open Access Journals (Sweden)

MIRELA MONEA

2012-01-01

Full Text Available The given client-credit has associated several types of costs. If a company gives client-credit for a certain period of time, then it will have to finance its activity from other sources. Another aspect is the one related to the size of allotted sum. The sum that must be covered does not equal the turnover. The impact on financing the operating cycle is found usually only under the form of expenses which are made up of variable costs (because amortization must not be paid, the profit is included in the price. Thus, the sum which must be covered is not related to the non-cashed turnover from the client-credit, but only to variable costs. This will be the sum that must be covered from the financing sources. Supplier-credit is a source attracted, usually it has no cost.

Trade credit supply, market power and the matching of trade credit terms

NARCIS (Netherlands)

Fabbri, D.; Klapper, L.F.

2008-01-01

This paper studies the decision of firms to extend trade credit to customers and its relation with their financing decisions. We use a novel firm-level database with unique information on market power in both output and input markets and on the amount, terms and payment history of trade credit

Stabilization of organic matter and nitrogen immobilization during mechanical-biological treatment and landfilling of residual municipal solid waste

International Nuclear Information System (INIS)

Heiss-Ziegler, C.

2000-04-01

Synthesis of humic substances and nitrogen immobilization during mechanical-biological treatment of waste and the behavior of biologically stabilized waste under anaerobic landfill conditions were investigated. Samples were taken from a large-scale treatment plant. Anaerobic conditions were simulated in lab scale test cells. Humic substances were analyzed photometrically and gravimetrically. The nitrogen immobilization was investigated by sequential leaching tests and by analyzing the non acid hydrolyzable nitrogen. Humic acids were mainly synthesized during the beginning of the intensive rotting phase. Later on in the process no significant changes occurred. The humic acid content rose up to 6,8 % DS org. It correlated well with the stability parameters respiration activity and accumulated gas production. In the coarse of the treatment the nitrogen load emitted during the consecutive leaching tests dropped from 50 % down to less than 20 % total nitrogen. The non acid hydrolyzable nitrogen rose from 17 up to 42 % Kjeldahl nitrogen content. Nevertheless the mechanical-biological treatment is not significantly shortening the aftercare period of a landfill concerning liquid nitrogen emissions. The reduced nitrogen emission potential is released more slowly. When reactive waste material was exposed to anaerobic conditions, humic and fulvic acids were synthesized up to the point when intensive gas production started and then were remineralized. Stabilized waste materials after treatment of various intensity behaved differently under anaerobic conditions. Steady and decreasing humic acid contents were observed. (author)

Influx of CO2 from Soil Incubated Organic Residues at Constant Temperature

Directory of Open Access Journals (Sweden)

Shoukat Ali Abro

2016-06-01

Full Text Available Temperature induced CO2 from genotypic residue substances is still less understood. Two types of organic residues (wheat- maize were incubated at a constant temperature (25°C to determine the rate and cumulative influx of CO2 in laboratory experiment for 40 days. Further, the effect of surface and incorporated crop residues with and without phosphorus addition was also studied. Results revealed that mixing of crop residues increased CO2-C evolution significantly & emission rare was 37% higher than that of control. At constant temperature, soil mixed residues, had higher emission rates CO2-C than the residues superimposed. There was linear correlation of CO2-C influxed for phosphorus levels and residue application ways with entire incubation at constant temperature. The mixing of organic residues to soil enhanced SOC levels and biomass of microbially bound N; however to little degree ammonium (NH4-N and nitrate NO3-N nitrogen were decreased.

Did Globalization Influence Credit Market Deregulation

OpenAIRE

Eppinger, Peter; Potrafke, Niklas

2015-01-01

We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of the Fraser Institute. The results from both cross-sectional and panel regressions using ordinary least squares indicate a positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted t...

Service quality in consumer's credit branch

OpenAIRE

Blechová, Věra

2008-01-01

The diploma thesis deals with consumer's credit grants of banking and non-banking corporations and comparison of their service quality. The first part of research is dedicated to consumer's knowledge of credit issues. Second describes main difficulties of consumer's credit grants of banking and non-banking corporations and proves their use of unfair manners. The final part of thesis propose improvements, which will boost consumer's protection on field of consumer's credits.

Value of burnup credit beyond actinides

International Nuclear Information System (INIS)

Lancaster, D.; Fuentes, E.; Kang, Chi.

1997-01-01

DOE has submitted a topical report to the NRC justifying burnup credit based only on actinide isotopes (U-234, U-235, U-236, U-238, Pu-238, Pu-239, Pu-240, Pu-241, Pu-242, and Am-241). When this topical report is approved, it will allow a great deal of the commercial spent nuclear fuel to be transported in significantly higher capacity casks. A cost savings estimate for shipping fuel in 32 assembly (burnup credit) casks as opposed to 24 assembly (non-burnup credit) casks was previously presented. Since that time, more detailed calculations have been performed using the methodology presented in the Actinide-Only Burnup Credit Topical Report. Loading curves for derated casks have been generated using actinide-only burnup credit and are presented in this paper. The estimates of cost savings due to burnup credit for shipping fuel utilizing 32, 30, 28, and 24 assembly casks where only the 24 assembly cask does not burnup credit have been created and are discussed. 4 refs., 2 figs

Nitrogen fertilization affects silicon concentration, cell wall composition and biofuel potential of wheat straw

DEFF Research Database (Denmark)

Murozuka, Emiko; Laursen, Kristian Holst; Lindedam, Jane

2014-01-01

Nitrogen is an essential input factor required for plant growth and biomass production. However, very limited information is available on how nitrogen fertilization affects the quality of crop residues to be used as lignocellulosic feedstock. In the present study, straw of winter wheat plants grown...... linearly from 0.32% to 0.71% over the range of nitrogen treatments. Cellulose and hemicellulose were not affected by the nitrogen supply while lignin peaked at medium rates of nitrogen application. The nitrogen treatments had a distinct influence on the silicon concentration, which decreased from 2.5% to 1.......5% of the straw dry matter when the nitrogen supply increased from 48 to 192kgha-1. No further decline in Si occurred at higher rates of nitrogen application. The most abundant metals in the straw were potassium and calcium and their concentrations almost doubled over the range of nitrogen supplies. The enzymatic...

Ammonia volatilization from crop residues and frozen green manure crops

Science.gov (United States)

de Ruijter, F. J.; Huijsmans, J. F. M.; Rutgers, B.

2010-09-01

Agricultural systems can lose substantial amounts of nitrogen (N). To protect the environment, the European Union (EU) has adopted several directives that set goals to limit N losses. National Emission Ceilings (NEC) are prescribed in the NEC directive for nitrogen oxides and ammonia. Crop residues may contribute to ammonia volatilization, but sufficient information on their contribution to the national ammonia volatilization is lacking. Experiments were carried out with the aim to assess the ammonia volatilization of crop residues left on the soil surface or incorporated into the soil under the conditions met in practice in the Netherlands during late autumn and winter. Ammonia emission from residues of broccoli, leek, sugar beet, cut grass, fodder radish (fresh and frozen) and yellow mustard (frozen) was studied during two winter seasons using volatilization chambers. Residues were either placed on top of soil or mixed with soil. Mixing residues with soil gave insignificant ammonia volatilization, whereas volatilization was 5-16 percent of the N content of residues when placed on top of soil. Ammonia volatilization started after at least 4 days. Total ammonia volatilization was related to C/N-ratio and N concentration of the plant material. After 37 days, cumulative ammonia volatilization was negligible from plant material with N concentration below 2 percent, and was 10 percent of the N content of plant material with 4 percent N. These observations can be explained by decomposition of plant material by micro-organisms. After an initial built up of the microbial population, NH 4+ that is not needed for their own growth is released and can easily emit as NH 3 at the soil surface. The results of the experiments were used to estimate the contribution of crop residues to ammonia volatilization in the Netherlands. Crop residues of arable crops and residues of pasture topping may contribute more than 3 million kg NH 3-N to the national ammonia volatilization of the

12 CFR 619.9140 - Farm Credit bank(s).

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Farm Credit bank(s). 619.9140 Section 619.9140 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM DEFINITIONS § 619.9140 Farm Credit bank(s). Except as otherwise defined, the term Farm Credit bank(s) includes Farm Credit Banks...

USAGE OF ALGAE SPECIES CHAETOMORPHA GRACILIS AND CH. AEREA FOR DEPURATION PROCESS OF THE RESIDUAL WATERS

Directory of Open Access Journals (Sweden)

SALARU VICTOR

2008-11-01

Full Text Available Rapid increase of the population on the globe scale imposes maximum exploration of the natural resources and first of all of the aquatic resources. As a result are obtained an enormous quantity of residual waters which pollute the waters from rivers, lakes, freatic and underground waters. Elaboration of the depuration methods for residual waters the quantity of which grows continuously, is one of the most up to dated issue of the world. The physical-chemical depuration methods of the residual waters are very expensive and lack the efficiency we would like to have. The most efficient method proved to be the biological method using some species of algae and superior aquatic plants. In our experiences we have involved filamentous green algae Chaetomorpha gracilis and Ch. aerea for depuration of the sewerage water from town Cimishlia. The concentration of the mineral nitrogen compounds in the residual water is around 92,5 mg/l, and of the phosphates 10,1 mg/l. There were used the following concentration of the sewerage water: 10%, 25% and 50%. The most intense development of algae Chaetomorpha aerea was observed in the variant with 10% of residual water, in which the total concentration of the nitrogen was 10,24 mg/l, and of the phosphates 1,05 mg/l. For this variant the depuration water level was about 56,9%. For the case with Chaetomorpha gracilis, the depuration level for the same concentration of the residual water constituted 55,9 %. Increase of the concentration of the polluted water inhibits development of the algae reducing to the minimum their capacity to assimilate the nitrogen and the phosphor. In the solutions with 50 % of residual waters, the algae didn't die, but at the same time they didn't develop. From this results that both algae may be used in the phytoamelioration of the residual waters being diluted at 10% with purified water.

Credit Cycle and Adverse Selection Effects in Consumer Credit Markets – Evidence from the HELOC Market

NARCIS (Netherlands)

Calem, P.; Cannon, M.; Nakamura, L.I.

2011-01-01

We empirically study how the underlying riskiness of the pool of home equity line of credit originations is affected over the credit cycle. Drawing from the largest existing database of U.S. home equity lines of credit, we use county-level aggregates of these loans to estimate panel regressions on

Fabrication of spherical high-nitrogen stainless steel powder alloys by mechanical alloying and thermal plasma spheroidization

Science.gov (United States)

Razumov, Nikolay G.; Wang, Qing Sheng; Popovich, Anatoly A.; Shamshurin, Aleksey I.

2018-04-01

This paper describes the results of experimental studies on the treatment of Fe-23Cr-11Mn-1N high-nitrogen stainless steel powder alloys, synthesized by the mechanical alloying (MA) of elemental powders in the flow of a radio frequency thermal plasma. The as-milled powder with irregular particles were successfully converted into spherical high-nitrogen stainless steel powder alloy. Measurement of the residual nitrogen content in the obtained powder, shown that during the plasma spheroidization process, part of the nitrogen escapes from the alloy.

24 CFR 206.37 - Credit standing.

Science.gov (United States)

2010-04-01

... CONVERSION MORTGAGE INSURANCE Eligibility; Endorsement Eligible Mortgagors § 206.37 Credit standing. Each mortgagor must have a general credit standing satisfactory to the Secretary. ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Credit standing. 206.37 Section 206...

Characterization and extraction of volatile compounds from pineapple (Ananas comosus L. Merril processing residues

Directory of Open Access Journals (Sweden)

Lília Calheiros de Oliveira Barretto

2013-12-01

Full Text Available The aim of this study was to extract and identify volatile compounds from pineapple residues generated during concentrated juice processing. Distillates of pineapple residues were obtained using the following techniques: simple hydrodistillation and hydrodistillation by passing nitrogen gas. The volatile compounds present in the distillates were captured by the solid-phase microextraction technique. The volatile compounds were identified in a system of high resolution gas chromatography system coupled with mass spectrometry using a polyethylene glycol polar capillary column as stationary phase. The pineapple residues constituted mostly of esters (35%, followed by ketones (26%, alcohols (18%, aldehydes (9%, acids (3% and other compounds (9%. Odor-active volatile compounds were mainly identified in the distillate obtained using hydrodistillation by passing nitrogen gas, namely decanal, ethyl octanoate, acetic acid, 1-hexanol, and ketones such as γ-hexalactone, γ-octalactone, δ-octalactone, γ-decalactone, and γ-dodecalactone. This suggests that the use of an inert gas and lower temperatures helped maintain higher amounts of flavor compounds. These data indicate that pineapple processing residue contained important volatile compounds which can be extracted and used as aroma enhancing products and have high potential for the production of value-added natural essences.

Soil nitrogen as fertilizer or pollutant

International Nuclear Information System (INIS)

1980-01-01

The results of 22 studies and surveys are reported on a global scale on N fertilizer applications and the fate of 15 N-labelled fertilizer in various soils, water and nitrate movement, residues, soil-N transformations in relation to leaching, nitrate pollution, nitrogen balance and related aspects under a variety of climatic conditions and crop cultivation are described. Some studies did not contain actual isotope applications, and have therefore not been entered in INIS as individual items. A 13-page report on research coordination includes background information, common methodology, field lysimeter experiments and their results, and the collection and evaluation of data. In conclusion, variations in the fate and behaviour of N residues are considered as are water pollution, the critical role of models and the need for behaviour prediction, the fate of agricultural N residues, the conservation of useful N residues, and future programmes. The report concludes with 7 recommendations, 20 references, and 3 annexes. Annex 1 lists programme participants by country, chief investigator, basis of collaboration and subject area, Annex 2 the titles and authors of working papers; Annex 3 gives guidelines for 15 N-residue experiment objectives, data presentation, etc. All participants in the Coordination Meeting are listed

The fate of fertilizer nitrogen in winter wheat under different water and nitrogen levels

International Nuclear Information System (INIS)

Li Shijuan; Zhou Dianxi; Lan Linwang

2002-01-01

N uptake and the fate of fertilizer N were studied in the field under different water and nitrogen levels with 15 N technique. Results showed that (1) the total N uptake of economical N treatment under saving irrigation was higher than that under conventional irrigation. Under saving irrigation the total N uptake of conventional N was higher than that of economical N treatment, yet the NHI decreased; (2) compared with saving irrigation, the N loss of conventional irrigation increased and NUE and soil residue decreased. On the same water condition the NUE and soil residue of conventional N treatment was lower than that of economical treatment, and N loss increased; (3) for the same fertilizer amount, the loss of N applied all as basal fertilizer is lower than that of part as basal and part as top-dressing treatment

Effects of Plant Residues in Two Types of Soil Texture on Soil characteristics and corn (Zea mays L. NS640 Yield in a Reduced -Tillage cropping System

Directory of Open Access Journals (Sweden)

E Hesami

2018-05-01

Full Text Available Introduction The impact of agronomy on the subsequent product in rotational cropping systems depends on factors such as plant type, duration of crop growth, soil moisture content, tillage type, irrigation method, the amount of nitrogen fertilizer, quantity and quality of returned crop residues to the soil. Prior cultivated crops improve the next crop yield by causing different conditions (nitrogen availability, organic matter and volume of available water in soil. This study was conducted due to importance of corn cultivation in Khuzestan and necessity of increasing the soil organic matter, moisture conservation and in the other hand the lack of sufficient information about the relationship between soil texture, type of preparatory crop in low-tillage condition and some soil characteristics and corn growth habits. The purpose of this experiment was to evaluate the effect of residue of preparatory crops in low plowing condition in two soil types on corn yield and some soil characteristics. Materials and Methods This experiment was carried out at Shooshtar city located in Khuzestan province. An experiment was performed by combined analysis in randomized complete block design in two fields and in two consecutive years with four replications. Two kinds of soil texture including: clay loam and clay sand. Five preparatory crops including: broad bean, wheat, canola, cabbage and fallow as control assigned as sub plots. SAS Ver. 9.1 statistical software was used for analysis of variance and comparison of means. Graphs were drawn using MS Excel software. All means were compared by Duncan test at 5% probability level. Results and Discussion The soil texture and the type of preparatory crop influenced the characteristics of the soil and corn grain yield. Returning the broad bean residue into two types of soil caused the highest grain yield of corn 10128.6 and 9547.9 kgha-1, respectively. The control treatment in sandy loam texture had the lowest corn seed

78 FR 25101 - Credit Ratings Roundtable

Science.gov (United States)

2013-04-29

... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69433; File No. 4-661] Credit Ratings... examine issues in connection with the possibility of developing a credit rating assignment system. The... FURTHER INFORMATION CONTACT: Scott Davey at (212) 336-0075, Office of Credit Ratings, Securities and...

Agricultural Credit Discount Fund – Agribusiness support credit line - Macedonian experience

OpenAIRE

Kovachev, Goran

2012-01-01

The main objective of this study is to emphasize the importance of creating special governmental refinancing institutions targeted towards strategic economic sectors. Such institution in Macedonia is Agricultural Credit Discount Fund, a separate unit within the Macedonian Bank for Development Promotion that administers a credit line meant to support the agribusiness. As it is commonly known agriculture is one of the most important economic sectors of the country. The ACDF's 'modus operandi' i...

A Mechanism for Anonymous Credit Card Systems

Science.gov (United States)

Tamura, Shinsuke; Yanase, Tatsuro

This paper proposes a mechanism for anonymous credit card systems, in which each credit card holder can conceal individual transactions from the credit card company, while enabling the credit card company to calculate the total expenditures of transactions of individual card holders during specified periods, and to identify card holders who executed dishonest transactions. Based on three existing mechanisms, i.e. anonymous authentication, blind signature and secure statistical data gathering, together with implicit transaction links proposed here, the proposed mechanism enables development of anonymous credit card systems without assuming any absolutely trustworthy entity like tamper resistant devices or organizations faithful both to the credit card company and card holders.

75 FR 64785 - Corporate Credit Unions

Science.gov (United States)

2010-10-20

... management (ALM) and credit risk, and whether to make modifications in the area of corporate governance. NCUA... the revisions, an analysis of how the final investment, credit risk, and asset liability provisions..., credit risk, ALM, liquidity, and capital measures that together should greatly reduce the systemic risk...

12 CFR 706.2 - Unfair credit practices.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Unfair credit practices. 706.2 Section 706.2 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS CREDIT... attachment, execution, or other process on real or personal property held, owned by, or due to the consumer...

Trade credit: Elusive insurance of firm growth

NARCIS (Netherlands)

Bams, Dennis; Bos, Jaap; Pisa, Magdalena

2016-01-01

Firms depend heavily on trade credit. This paper introduces a trade credit network into a structural model of the economy. In an empirical analysis of the model, we find that trade credit is an elusive insurance: as long as a firm is financially unconstrained and times are good, more trade credit

Modeling Cycle Dependence in Credit Insurance

Directory of Open Access Journals (Sweden)

Anisa Caja

2014-03-01

Full Text Available Business and credit cycles have an impact on credit insurance, as they do on other businesses. Nevertheless, in credit insurance, the impact of the systemic risk is even more important and can lead to major losses during a crisis. Because of this, the insurer surveils and manages policies almost continuously. The management actions it takes limit the consequences of a downturning cycle. However, the traditional modeling of economic capital does not take into account this important feature of credit insurance. This paper proposes a model aiming to estimate future losses of a credit insurance portfolio, while taking into account the insurer’s management actions. The model considers the capacity of the credit insurer to take on less risk in the case of a cycle downturn, but also the inverse, in the case of a cycle upturn; so, losses are predicted with a more dynamic perspective. According to our results, the economic capital is over-estimated when not considering the management actions of the insurer.

76 FR 24089 - Credit Risk Retention

Science.gov (United States)

2011-04-29

... 17 CFR Part 246 Department of Housing and Urban Development 24 CFR Part 267 Credit Risk Retention... 2501-AD53 Credit Risk Retention AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC..., Commission, FHFA, and HUD (the Agencies) are proposing rules to implement the credit risk retention...

Rare Disasters and Credit Market Puzzles

DEFF Research Database (Denmark)

Christoffersen, Peter; Du, Du; Elkamhi, Redouane

to the real economy and not to bond prices can simultaneously explain several key empirical regularities in credit markets. Our model captures the empirical level and volatility of credit spreads, generates a flexible credit risk term structure, and provides a good fit to a century of observed spreads...

40 CFR 91.1307 - Credit calculation.

Science.gov (United States)

2010-07-01

... family in kW (sales weighted). The power of each configuration is the rated output in kilowatts as....1307 Credit calculation. For each participating engine family, emission credits (positive or negative... for an engine family whether generating positive or negative in-use emission credits: ER04oc96.053...

Nitrogen 15 abundance in protein fractions of beans fertilized with (15NH4)2SO4

International Nuclear Information System (INIS)

Chaud, Saula Goulart; Oliveira, Admar Costa de; Trivelin, Paulo Cesar Ocheuze

2002-01-01

Studies evaluating the protein nutritive value of beans labelled with 15 N, using nitrogen balance and the quantitation of faecal and urinary endogenous nitrogen, determined by isotopic dilution, have been extensively used. The objective of this research was to verify if the isotopic labelling of raw, freeze dried beans (Phaseolus vulgaris L., cultivar Pirata 1) with 1.394 atoms % 15 N, resulted in the same abundance of the whole flour and of the protein fractions extracted from the beans with 0.5 mol L -1 NaCl. The isotopic abundance found in the whole bean flour, in the protein extract, in the globulin and albumin fractions were respectively: 1.394 +- 0.011; 1.403 +- 0.012; 1.399 +- 0.007 and 1.399 +- 0.028 atoms % of 15 N, presenting no difference (P > 0.05). However, a difference was found (P < 0.05) between the above mentioned abundances and the isotopic abundance found in the nitrogen of the proteins in the extraction residue, which was 0.969 +- 0.084. Since the abundances did not differ, the protein nutritive indexes, such as digestibility and biological value, determined from the nitrogen balance and corrected for isotopic dilution, would not be affected by extracting the proteins from the beans with 0.5 mol L 1 NaCl. If working with the nitrogen balance of the residual proteins after extraction and even with the whole flours, these indexes could present incorrect values, since the isotopic labelling of the residual proteins was less than that of the protein fractions. (author)

20 CFR 227.5 - Employer tax credits.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 1 2010-04-01 2010-04-01 false Employer tax credits. 227.5 Section 227.5... SUPPLEMENTAL ANNUITIES § 227.5 Employer tax credits. Employers are entitled to tax credits if they pay non.... The tax credits for each month equal the sum of the reductions for employer pensions in the...

76 FR 34010 - Credit Risk Retention

Science.gov (United States)

2011-06-10

... 2501-AD53 Credit Risk Retention AGENCIES: Office of the Comptroller of the Currency, Treasury (OCC... credit risk retention requirements of section 15G of the Securities Exchange Act of 1934, as added by the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Credit Risk NPR'' or ``proposed rule...

48 CFR 1632.607 - Tax credit.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Tax credit. 1632.607... 1632.607 Tax credit. FAR 32.607 has no practical application to FEHBP contracts. The statutory... may not offset debts to the Fund by a tax credit which is solely a Government obligation. ...

12 CFR 702.108 - Risk mitigation credit.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Risk mitigation credit. 702.108 Section 702.108... CORRECTIVE ACTION Net Worth Classification § 702.108 Risk mitigation credit. (a) Who may apply. A credit union may apply for a risk mitigation credit if on any of the current or three preceding effective dates...

11 CFR 100.55 - Extension of credit.

Science.gov (United States)

2010-01-01

... substantially similar to extensions of credit to nonpolitical debtors that are of similar risk and size of... 11 Federal Elections 1 2010-01-01 2010-01-01 false Extension of credit. 100.55 Section 100.55... Contribution (2 U.S.C. 431(8)) § 100.55 Extension of credit. The extension of credit by any person is a...

Credit in Acceptance Sampling on Attributes

NARCIS (Netherlands)

Klaassen, Chris A.J.

2000-01-01

Credit is introduced in acceptance sampling on attributes and a Credit Based Acceptance sampling system is developed that is very easy to apply in practice.The credit of a producer is defined as the total number of items accepted since the last rejection.In our sampling system the sample size for a

48 CFR 2132.607 - Tax credit.

Science.gov (United States)

2010-10-01

... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Tax credit. 2132.607... Contract Debts 2132.607 Tax credit. FAR 32.607 has no practical application to FEGLI Program contracts. The... Government, contractors may not offset debts to the Fund by a tax credit that is solely a Government...

Catalytic upgrading nitrogen-riched wood syngas to liquid hydrocarbon mixture over Fe-Pd/ZSM-5 catalyst

Science.gov (United States)

Qiangu Yan; Fei Yu; Zhiyong Cai; Jilei Zhang

2012-01-01

Biomass like wood chips, switchgrass and other plant residues are first converted to syngas through gasification process using air, oxygen or steam. A downdraft gasifier is performed for syngas production in Mississippi State. The syngas from the gasifier contains up to 49% (vol) N2. High-level nitrogen-containing (nitrogen can be up to 60%)...

A Network Model of Credit Risk Contagion

Directory of Open Access Journals (Sweden)

Ting-Qiang Chen

2012-01-01

Full Text Available A network model of credit risk contagion is presented, in which the effect of behaviors of credit risk holders and the financial market regulators and the network structure are considered. By introducing the stochastic dominance theory, we discussed, respectively, the effect mechanisms of the degree of individual relationship, individual attitude to credit risk contagion, the individual ability to resist credit risk contagion, the monitoring strength of the financial market regulators, and the network structure on credit risk contagion. Then some derived and proofed propositions were verified through numerical simulations.

12 CFR 226.12 - Special credit card provisions.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Special credit card provisions. 226.12 Section... SYSTEM TRUTH IN LENDING (REGULATION Z) Open-End Credit § 226.12 Special credit card provisions. (a) Issuance of credit cards. Regardless of the purpose for which a credit card is to be used, including...

76 FR 54991 - Corporate Credit Unions

Science.gov (United States)

2011-09-06

... believes the credit risk of carrying this asset is negligible and warrants such treatment, as CLF stock is... credit union excludes the consolidated assets of such programs from risk-weighted assets pursuant to... paragraphs (c)(3) and (f)(4) and adding new p(h) to read as follows: Sec. 704.6 Credit risk management...

Mammography screening credit card and compliance.

Science.gov (United States)

Schapira, D V; Kumar, N B; Clark, R A; Yag, C

1992-07-15

Screening for breast cancer using mammography has been shown to be effective in reducing mortality from breast cancer. The authors attempted to determine if use of a wallet-size plastic screening "credit" card would increase participants' compliance for subsequent mammograms when compared with traditional methods of increasing compliance. Two hundred and twenty consecutive women, ages 40-70 years, undergoing their first screening mammography were recruited and assigned randomly to four groups receiving (1) a reminder plastic credit card (2) reminder credit card with written reminder; (3) appointment card; and (4) verbal recommendation. Return rates of the four groups were determined after 15 months. The return rate for subsequent mammograms was significantly higher for participants (72.4%) using the credit card than for participants (39.8%) exposed to traditional encouragement/reminders (P less than 0.0001). The credit card was designed to show the participant's screening anniversary, and the durability of the card may have been a factor in increasing the return rate. The use of reminder credit cards may increase compliance for periodic screening examinations for other cancers and other chronic diseases.

Effect of different transplanting leaf age on rice yield, nitrogen utilization efficiency and fate of 15N-fertilizer

International Nuclear Information System (INIS)

Fan Hongzhu; Lu Shihua; Zeng Xiangzhong

2010-01-01

Field experiments were conducted to study rice yield, N uptake and fate by using 15 N-urea at transplanting leaf age of 2-, 4-and 6-leaf, respectively. The results showed that rice yield significantly decreased with delay of transplanting leaf age, and 15 N-fertilizer uptake by grain and straw of rice, nitrogen utilization and residue also decreased, but loss of 15 N-fertilizer increased. Under different transplanting leaf age, N absorption by rice mainly came from the soil. Almost 1/3 of total N was supplied by fertilizer, and 2/3 came from soil. The efficiency of fertilizer was 20.8% ∼ 25.7%, 15 N-fertilizer residue ratio was 17.9% ∼ 32.2%, and 15 N-fertilizer loss was 42.1% ∼ 61.3%. 15 N-fertilizer residue mainly distributed in 0 ∼ 20 cm top soil under different treatments. The results indicated that transplanting young leaf age could increase rice yield and nitrogen utilization efficiency, and decrease loss of nitrogen fertilizer and pollution level on environment. (authors)

27 CFR 46.223 - Tax credit.

Science.gov (United States)

2010-04-01

... 27 Alcohol, Tobacco Products and Firearms 2 2010-04-01 2010-04-01 false Tax credit. 46.223 Section... for Sale on April 1, 2009 Tax Liability Calculation § 46.223 Tax credit. The dealer is allowed a credit of up to $500 against the total floor stocks tax. However, controlled groups are eligible for only...

Indian Kisan Credit Card Scheme: An Analytical Study

Directory of Open Access Journals (Sweden)

Dharmendra Mehta

2016-03-01

Full Text Available Kisan Credit Card (KCC has now been regarded as the only medium of short-term credit for agriculture. The Kisan Credit Card (KCC scheme was introduced by the Finance Minister in his budget speech in the year 1998-99. From the year 1998-99, the scheme was implemented by public sector commercial banks, RRBs (Regional Rural Banks and cooperative banks in the country. It has emerged as an innovative credit distribution system to meet the production credit requirements of the farmers in a timely and easy manner. The present paper is aimed to study role of Kisan Credit Card in the rural credit facilitation in India.

THE COOPERATIVE CREDIT MUTUAL IN BRAZIL.

Directory of Open Access Journals (Sweden)

Laércio Baptista da Silva

2013-06-01

Full Text Available This study presents an analysis of the reality of credit unions in Brazil, in view of the singular importance of credit unions for the whole society as an alternative to private resources in favor of members of the community where they are located. It confirms that, in Brazil, the mutual credit unions, besides being presented as one of the viable options within the financial system, are also seen as an alternative by which some sectors of society promote the humanization of the financial system by offering credit and return on capital with fairer interest rates.

Fast pyrolysis of sugarcane and cassava residues in a free-fall reactor

International Nuclear Information System (INIS)

Pattiya, Adisak; Sukkasi, Sittha; Goodwin, Vituruch

2012-01-01

Fast pyrolysis of agricultural residues from sugarcane and cassava plantations was carried out in a laboratory-scale free-fall reactor unit. The objectives of this work were to investigate the effects of biomass types and pyroysis conditions, such as reactor temperature, condensation temperature, nitrogen flow rate and run duration, on pyrolysis product distribution, as well as to study the basic properties of the products. The results showed that all of the parameters affected the product distribution. The optimum reactor temperatures for maximising bio-oil yield were in the range of 350–450 °C. About 70 wt% of bio-oil yield could be obtained by pyrolysis of cassava stalk at a reactor temperature of 450 °C and a primary condensation temperature of 10 °C. It was also found that the minimum flow rate of nitrogen for obtaining high bio-oil yield was 1.5 l/min. The product characterisation showed that the bio-oil and char produced from the agricultural residues with the free-fall reactor unit were to a certain extent similar to those produced from different types of biomass with different types of pyrolysis reactor configurations. -- Highlights: ► Fast pyrolysis of sugarcane and cassava agricultural residues was carried out in a laboratory-scale free-fall reactor unit. ► The effects of process parameters on product yields were investigated. ► The process parameters included reactor temperature, condensation temperature, nitrogen flow rate and run duration. ► Basic properties of pyrolysis products were examined.

Solar tax credits: the U.S. experience

International Nuclear Information System (INIS)

Sallmen Smith, L.J.

1990-01-01

From 1978 to 1985, the U.S. Federal government used income tax credits to induce taxpayers to purchase residential solar energy devices. These credits resulted in a significant number of households installing solar devices during the credit period but subsequently devastated the solar industry. Numerous structural problems with the credits and the failure to address important issues in the legislation led to this result. (Author)

Nitrogen derived from fertilization and straw for plant cane nutrition

International Nuclear Information System (INIS)

Vitti, Andre Cesar; Faroni, Carlos Eduardo

2011-01-01

The objective of this work was to evaluate the recovery, by plant cane, of the nitrogen ( 15 N) from urea and from sugarcane (Saccharum spp.) crop residues - straw and root system - incorporated into the soil. The experiment was settled in 2005/2006 with the sugarcane cultivar SP81 3250. At planting, microplots of 2 m length and 1.5 m width were installed, and N applications were done with 80 kg ha-1 N (urea with 5.05% in 15 N atoms) and 14 Mg ha -1 crop residues - 9 Mg ha -1 of sugarcane straw and 5 Mg ha -1 of root system, labeled with 15 N (1.07 and 0.81% in 15 N atoms, respectively). The total N accumulation by plants was determined during the crop cycle. Although the N use by shoot from crop residue mineralization (PA and SR) increased significantly over time, this source hardly contributed to crop nutrition. The recovery of the 15 N-urea, 15 N-SS and 15 N-RS by plant cane was 30.3 +- 3.7%, 13.9 +- 4.5% and 6.4 +- 0.9%, respectively, representing 15.9, 4.7 and 1.4% of total nitrogen uptake by shoot. (author)

Anaerobic digestion of microalgae residues resulting from the biodiesel production process

International Nuclear Information System (INIS)

Ehimen, E.A.; Sun, Z.F.; Carrington, C.G.; Birch, E.J.; Eaton-Rye, J.J.

2011-01-01

The recovery of methane from post transesterified microalgae residues has the potential to improve the renewability of the 'microalgae biomass to biodiesel' conversion process as well as reduce its cost and environmental impact. This paper deals with the anaerobic digestion of microalgae biomass residues (post transesterification) using semi-continuously fed reactors. The influence of substrate loading concentrations and hydraulic retention times on the specific methane yield of the anaerobically digested microalgae residues was investigated. The co-digestion of the microalgae residues with glycerol as well as the influence of temperature was also examined. It was found that the hydraulic retention period was the most significant variable affecting methane production from the residues, with periods (>5 days) corresponding to higher energy recovery. The methane yield was also improved by a reduction in the substrate loading rates, with an optimum substrate carbon to nitrogen ratio of 12.44 seen to be required for the digestion process.

Information Sharing and Credit Rationing : Evidence from the Introduction of a Public Credit Registry

NARCIS (Netherlands)

Cheng, X.; Degryse, H.A.

2010-01-01

We provide the first evidence on how the introduction of information sharing via a public credit registry affects banks’ lending decisions. We employ a unique dataset containing detailed information on credit card applications and decisions from one of the leading banks in China. While we do not

49 CFR 536.8 - Conditions for trading of credits.

Science.gov (United States)

2010-10-01

... 49 Transportation 6 2010-10-01 2010-10-01 false Conditions for trading of credits. 536.8 Section... SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION TRANSFER AND TRADING OF FUEL ECONOMY CREDITS § 536.8 Conditions for trading of credits. (a) Trading of credits. If a credit holder wishes to trade credits to...

17 CFR 256.255 - Accumulated deferred investment tax credits.

Science.gov (United States)

2010-04-01

... investment tax credits. 256.255 Section 256.255 Commodity and Securities Exchanges SECURITIES AND EXCHANGE... investment tax credits. (a) This account shall be credited and account 411.5, Investment tax credit, debited with investment tax credits deferred by companies which do not apply such credits as a reduction of the...

Credit scoring analysis using weighted k nearest neighbor

Science.gov (United States)

Mukid, M. A.; Widiharih, T.; Rusgiyono, A.; Prahutama, A.

2018-05-01

Credit scoring is a quatitative method to evaluate the credit risk of loan applications. Both statistical methods and artificial intelligence are often used by credit analysts to help them decide whether the applicants are worthy of credit. These methods aim to predict future behavior in terms of credit risk based on past experience of customers with similar characteristics. This paper reviews the weighted k nearest neighbor (WKNN) method for credit assessment by considering the use of some kernels. We use credit data from a private bank in Indonesia. The result shows that the Gaussian kernel and rectangular kernel have a better performance based on the value of percentage corrected classified whose value is 82.4% respectively.

Do Internet Credit Markets Improve Access to Credit for Female Business Owners?

OpenAIRE

Barasinska, Nataliya; Schäfer, Dorothea

2010-01-01

Business owners and founders are a minority of any bank's business clients. Scientific studies of traditional credit markets often show a lower probability of loan approval or higher loan costs for female business owners compared to male business owners. With this background the question arises whether female business owners have to struggle with this problem less on Internet credit markets. In this current study, DIW Berlin investigated business loans on the largest German Internet platform,...

Cumulative receipt of an anti-poverty tax credit for families did not impact tobacco smoking among parents.

Science.gov (United States)

Pega, Frank; Gilsanz, Paola; Kawachi, Ichiro; Wilson, Nick; Blakely, Tony

2017-04-01

The effect of anti-poverty tax credit interventions on tobacco consumption is unclear. Previous studies have estimated short-term effects, did not isolate the effects of cumulative dose of tax credits, produced conflicting results, and used methods with limited control for some time-varying confounders (e.g., those affected by prior treatment) and treatment regimen (i.e., study participants' tax credit receipt pattern over time). We estimated the longer-term, cumulative effect of New Zealand's Family Tax Credit (FTC) on tobacco consumption, using a natural experiment (administrative errors leading to exogenous variation in FTC receipt) and methods specifically for controlling confounding, reverse causation, and treatment regimen. We extracted seven waves (2002-2009) of the nationally representative Survey of Family, Income and Employment including 4404 working-age (18-65 years) parents in families. The exposure was the total numbers of years of receiving FTC. The outcomes were regular smoking and the average daily number of cigarettes usually smoked at wave 7. We estimated average treatment effects using inverse probability of treatment weighting and marginal structural modelling. Each additional year of receiving FTC affected neither the odds of regular tobacco smoking among all parents (odds ratio 1.02, 95% confidence interval 0.94-1.11), nor the number of cigarettes smoked among parents who smoked regularly (rate ratio 1.01, 95% confidence interval 0.99-1.03). We found no evidence for an association between the cumulative number of years of receiving an anti-poverty tax credit and tobacco smoking or consumption among parents. The assumptions of marginal structural modelling are quite demanding, and we therefore cannot rule out residual confounding. Nonetheless, our results suggest that tax credit programme participation will not increase tobacco consumption among poor parents, at least in this high-income country. Copyright © 2017 Elsevier Ltd. All rights

Nano-scale investigation of the association of microbial nitrogen residues with iron (hydr)oxides in a forest soil O-horizon

Science.gov (United States)

Keiluweit, Marco; Bougoure, Jeremy J.; Zeglin, Lydia H.; Myrold, David D.; Weber, Peter K.; Pett-Ridge, Jennifer; Kleber, Markus; Nico, Peter S.

2012-10-01

Amino sugars in fungal cell walls (such as chitin) represent an important source of nitrogen (N) in many forest soil ecosystems. Despite the importance of this material in soil nitrogen cycling, comparatively little is known about abiotic and biotic controls on and the timescale of its turnover. Part of the reason for this lack of information is the inaccessibility of these materials to classic bulk extraction methods. To address this issue, we used advanced visualization tools to examine transformation pathways of chitin-rich fungal cell wall residues as they interact with microorganisms, soil organic matter and mineral surfaces. Our goal was to document initial micro-scale dynamics of the incorporation of 13C- and 15N-labeled chitin into fungi-dominated microenvironments in O-horizons of old-growth forest soils. At the end of a 3-week incubation experiment, high-resolution secondary ion mass spectrometry imaging of hyphae-associated soil microstructures revealed a preferential association of 15N with Fe-rich particles. Synchrotron-based scanning transmission X-ray spectromicroscopy (STXM/NEXAFS) of the same samples showed that thin organic coatings on these soil microstructures are enriched in aliphatic C and amide N on Fe (hydr)oxides, suggesting a concentration of microbial lipids and proteins on these surfaces. A possible explanation for the results of our micro-scale investigation of chemical and spatial patterns is that amide N from chitinous fungal cell walls was assimilated by hyphae-associated bacteria, resynthesized into proteinaceous amide N, and subsequently concentrated onto Fe (hydr)oxide surfaces. If confirmed in other soil ecosystems, such rapid association of microbial N with hydroxylated Fe oxide surfaces may have important implications for mechanistic models of microbial cycling of C and N.

Credit demand in Mozambican manufacturing

DEFF Research Database (Denmark)

Byiers, Bruce; Rand, John; Tarp, Finn

2010-01-01

This paper uses two industrial firm surveys to identify the key determinants of credit demand in Mozambican manufacturing. We construct five different measures of being credit constrained and estimate desired debt demand. Besides firm size and ownership structure, we find evidence that general...

A neural network model for credit risk evaluation.

Science.gov (United States)

Khashman, Adnan

2009-08-01

Credit scoring is one of the key analytical techniques in credit risk evaluation which has been an active research area in financial risk management. This paper presents a credit risk evaluation system that uses a neural network model based on the back propagation learning algorithm. We train and implement the neural network to decide whether to approve or reject a credit application, using seven learning schemes and real world credit applications from the Australian credit approval datasets. A comparison of the system performance under the different learning schemes is provided, furthermore, we compare the performance of two neural networks; with one and two hidden layers following the ideal learning scheme. Experimental results suggest that neural networks can be effectively used in automatic processing of credit applications.

Determination of daminozide residues in apples using gas chromatography with nitrogen-phosphorus detection

NARCIS (Netherlands)

Brinkman, J.H.W.; Dijk, A.G. van; Wagenaar, R.; Quirijns, J.K.

1996-01-01

A method was developed for the determination of daminozide in apples using gas chromatography (GC) with nitrogen-phosphorus detection (NPD). Daminozide is hydrolysed to 1,1-dimethylhydrazine (UDMH) by alkaline digestion. The UDMH generated is distilled from the apple matrix, derivatized with

76 FR 16235 - Corporate Credit Unions, Technical Corrections

Science.gov (United States)

2011-03-23

... inadvertently included particular investments that did not--when subject to the other credit risk and asset... NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 707 RIN 3133-AD58 Corporate Credit Unions, Technical Corrections AGENCY: National Credit Union Administration (NCUA). ACTION: Final rule. SUMMARY: In...

Acquired Credit Unions: Drivers of Takeover

Directory of Open Access Journals (Sweden)

R. Raymond Sant

2015-08-01

Full Text Available In this paper we study acquired credit unions and analyze their financial performance up to six years prior to merger, on a quarterly basis. The primary focus is on balance sheet (asset liability management and profitability variables (return on assets. We find that acquired credit unions during the period 2008 (third quarter to 2014 (first quarter experienced negative return on assets for several quarters prior to their takeover. This was the result of a declining loan portfolio and increasing charge offs. In spite of decreasing lending activity, such credit unions continued to increase their deposits, i.e., adding to their cost base. Due to declining loans, their net interest margin as a proportion of deposits was also in decline. We argue that this is an indicator of poor management ability. Furthermore, our analysis finds that operating expenses were increasing over time, something that has been documented in previous literature also for smaller credit unions and is attributable to lack of economies of scale. The average asset size of the acquired credit unions in our sample is about $22 million just before acquisition. We attribute our findings to poor business strategy followed by such credit unions. We also conclude that signs of trouble are evident up to two years before merger on average and regulatory policy may have to become more proactive to manage the consolidation challenge faced by the credit union industry in general.

Substitution the water by nitrogen; Substituicao da agua por nitrogenio

Energy Technology Data Exchange (ETDEWEB)

Fidalgo Junior, Paulo Jose [PETROBRAS, Rio de Janeiro, RJ (Brazil); Navarro, Antonio Reinaldo [Faculdade Taboao da Serra, SP (Brazil)

2005-07-01

The use of nitrogen in the removal from service for maintenance of pressurized equipment, resulted an excellent process alternative in relation to the traditional injection of water. The advantages of the use of nitrogen can be evidenced in a more significant way, when the operation of maintenance is done in big load pressure equipment, such as gas spheres and horizontal storage tanks. We can mention some important advantages such as: no water consumption, smaller costs, smaller time for equipment removal from service, smaller residues generation, smaller structural efforts in the equipment and better quality of the fluid used in the process. (author)

Materialism and credit card use by college students.

Science.gov (United States)

Pinto, M B; Parente, D H; Palmer, T S

2000-04-01

Much has been written in the popular press on credit card use and spending patterns of American college students. The proliferation of credit cards and their ease of acquisition ensure that students today have more opportunities for making more credit purchases than any other generation of college students. Little is known about the relationship between students' attitudes towards materialism and their use of credit cards. A study was conducted at three college campuses in the northeastern part of the United States where a total of 1,022 students were surveyed. Students' attitudes toward use of credit and their credit card balances were evaluated relative to their scores on Richins and Dawson's Materialism Scale (1992). Our findings suggest no significant difference between those individuals scoring high versus low on the Materialism Scale in terms of the number of credit cards owned and the average balance owed. Individuals high on materialism, however, significantly differed in terms of their uses for credit cards and their general attitude toward their use.

Transitive Credit and JSON-LD

Directory of Open Access Journals (Sweden)

Daniel S. Katz

2015-11-01

Full Text Available Science and engineering research increasingly relies on activities that facilitate research but are not currently rewarded or recognized, such as: data sharing; developing common data resources, software and methodologies; and annotating data and publications. To promote and advance these activities, we must develop mechanisms for assigning credit, facilitate the appropriate attribution of research outcomes, devise incentives for activities that facilitate research, and allocate funds to maximize return on investment. In this article, we focus on addressing the issue of assigning credit for both direct and indirect contributions, specifically by using JSON-LD to implement a prototype transitive credit system.

12 CFR 614.4040 - Production credit associations.

Science.gov (United States)

2010-01-01

..., membership, term, amount, loan security, and stock or participation certificate requirements of the... Section 614.4040 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Lending Authorities § 614.4040 Production credit associations. (a) Loan terms. (1) Production...

Developing emission reduction credit trading in Texas

International Nuclear Information System (INIS)

Dodds, J.E.

1993-01-01

The Texas Air Control Board has begun to develop a system of emission reduction credit training. The system will be developed incrementally over time. The first step, banking of VOC and NO x Emission Reduction Credits, began March 15, 1993. Additional programs under study and development include NO x RACT trading, emission credits for motor vehicle scrappage and alternative fuel conversion, and establishment of community organizations to generate and acquire emission reduction credits for economic development purposes

UK regulatory perspective on the application of burn-up credit to the BNFL thorp head end plant

International Nuclear Information System (INIS)

Simister, D.N.; Clemson, P.D.

2003-01-01

In the UK the Health and Safety Executive, which incorporates the Nuclear Installations Inspectorate (NII), is responsible for regulation of safety on nuclear sites. This paper reports progress made in the application and development of a UK regulatory position for assessing licensee's plant safety caes which invoke the use of Burn-up Credit for criticality applications. The NII's principles and strategy for the assessment of this technical area have been developed over a period of time following expressions of interest from UK industry and subsequent involvement in the international collaborations and debate in this area. This experience has now been applied to the first main plant safety case application claiming Burn-up Credit. This case covers the BNFL Thermal Oxide Reprocessing Plant (THORP) dissolver at Sellafield, where dissolved gadolinium neutron poison is used as a criticality control. The case argues for a reduction in gadolinium content by taking credit for the burn-up of input fuel. The UK regulatory process, assessment principles and criteria are briefly outlined, showing the regulatory framework used to review the case. These issues include the fundamental requirement in UK Health and Safety law to demonstrate that risks have been reduced to as low as reasonably practicable (ALARP), the impact on safety margins, compliance and operability procedures, and the need for continuing review. Novel features of methodology, using a ''Residual Enrichment'' and ''Domain Boundary'' approach, were considered and accepted. The underlying validation, both of criticality methodology and isotopic determination, was also reviewed. Compliance was seen to rely heavily on local in-situ measurements of spent fuel used to determine ''Residual Enrichment'' and other parameters, requiring review of the development and basis of the correlations used to underpin the measurement process. Overall, it was concluded that the case as presented was adequate. Gadolinium reduction

Credit scoring analysis using kernel discriminant

Science.gov (United States)

Widiharih, T.; Mukid, M. A.; Mustafid

2018-05-01

Credit scoring model is an important tool for reducing the risk of wrong decisions when granting credit facilities to applicants. This paper investigate the performance of kernel discriminant model in assessing customer credit risk. Kernel discriminant analysis is a non- parametric method which means that it does not require any assumptions about the probability distribution of the input. The main ingredient is a kernel that allows an efficient computation of Fisher discriminant. We use several kernel such as normal, epanechnikov, biweight, and triweight. The models accuracy was compared each other using data from a financial institution in Indonesia. The results show that kernel discriminant can be an alternative method that can be used to determine who is eligible for a credit loan. In the data we use, it shows that a normal kernel is relevant to be selected for credit scoring using kernel discriminant model. Sensitivity and specificity reach to 0.5556 and 0.5488 respectively.

IMPLICATIONS OF CREDIT RISK TRANSFER ON BANK PERFORMANCES

Directory of Open Access Journals (Sweden)

Victoria COCIUG

2015-07-01

Full Text Available The impact of the financial crisis has demonstrated the fragility of the banking sector and the need to implement new technologies that would allow not only insurance against the most important credit risk - credit risk, but development of lending segment. In such conditions, transfer of credit risk is an efficient and actual way to diversify the banks exposure for credit risk by the presence of those who are willing to take on some of this risk. Taking of credit risk can be achieved through credit derivatives, securitization and sale of loans, being selected the most advantageous technique for the bank. The current situation of the national banking sector requires solving the problem of bad loans, which, unfortunately, are increasing, by implementing new techniques for credit risk management according with EU directives.

Measuring Credit Capacity on Danish Farms Using DEA

DEFF Research Database (Denmark)

Friis Pedersen, Michael; Vesterlund Olsen, Jakob

2013-01-01

have important implications for risk management practice, investment and technology adoption and related policy issues. The method is limited by the possibility of strategic behavior of lenders during credit cycle busts. In credit cycle booms, the method gives a good basis for the estimates of change...... in credit reserves. Practical implications: In a period of increasing credit reserves, risk management institutions are unlikely to develop. Like agricultural policy, access to credit may crowd out market-based risk management. Originality/value: The study represents a novel application and interpretation......Purpose:The purpose of this paper is to introduce a novel measure of access to credit suited to estimate the relative change in credit reserves. Design/methodology/approach: A debt possibility frontier is estimated using data envelopment analysis and the Malmquist index is calculated. The Malmquist...

Credit-Card Bill Seeks to Protect Students but Could Limit Their Access to Credit

Science.gov (United States)

Field, Kelly

2009-01-01

Congress passed legislation last week that would shield students and other consumers from sudden spikes in interest rates and fees, but that could make it harder for young people to access credit to pay for college. The legislation would extend broad new consumer protections to all credit-card holders, offering special protections to college…

Greenhouse gas emissions in salt marshes and their response to nitrogen loading

Science.gov (United States)

Tang, J.; Moseman-Valtierra, S.; Kroeger, K. D.; Morkeski, K.; Carey, J.

2015-12-01

Salt marshes play an important role in global and regional carbon and nitrogen cycling. Anthropogenic nitrogen loading may alter greenhouse gas (GHG, including CO2, CH4, and N2O) emissions and carbon sequestration in salt marshes. We measured GHG emissions biweekly for two growing seasons across a nitrogen-loading gradient of four Spartina salt marshes in Waquoit Bay, Massachusetts. In addition, we conducted nitrogen addition experiments in a pristine marsh by adding low and high nitrate bi-weekly during the summer. The GHG flux measurements were made in situ with a state-of-the-art mobile gas measurement system using the cavity ring down technology that consists of a CO2/CH4 analyzer (Picarro) and an N2O/CO analyzer (Los Gatos). We observed strong seasonal variations in greenhouse gas emissions. The differences in gas emissions across the nitrogen gradient (between 1 and 10 gN m-2y-1) were not significant, but strong pulse emissions of N2O were observed after nitrogen was artificially added to the marsh. We found that the studied salt marsh was a significant carbon sink (NEP ~ 380 gC m-2y-1). CH4 fluxes are 3 orders of magnitude less than CO2 fluxes in the salt marsh. Carbon fluxes are driven by light, salinity, tide, and temperature. We conclude that restoration or conservation of this carbon sink has a significant social benefit for carbon credit.

STATE CREDIT RATING MARK: PRESENT DOMESTIC REALITIES

OpenAIRE

Kovalko, N. M.

2017-01-01

The article discusses the problematic aspects of credit ratings and ranking. The economic and legal aspects of ranking relations are addressed. It is concluded that a low credit standing of Ukraine is a sign of our country’s low debt sustainability.It is proved that both for Ukraine and for economically developed countries, the issue of credit ratings is quite important, and at times problematic. The issue is related to the development of the national and international financial credit resour...

Rare disasters, credit, and option market puzzles

DEFF Research Database (Denmark)

Christoffersen, Peter; Du, Du; Elkamhi, Redouane

2017-01-01

calibrated to the real economy can simultaneously explain several key empirical regularities in equity, credit, and options markets. Our model captures the empirical level and volatility of credit spreads, generates a flexible credit risk term structure, and provides a good fit to a century of observed...

40 CFR 1033.715 - Banking emission credits.

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 32 2010-07-01 2010-07-01 false Banking emission credits. 1033.715... CONTROLS CONTROL OF EMISSIONS FROM LOCOMOTIVES Averaging, Banking, and Trading for Certification § 1033.715 Banking emission credits. (a) Banking is the retention of emission credits by the manufacturer...

25 CFR 140.23 - Credit at trader's risk.

Science.gov (United States)

2010-04-01

... 25 Indians 1 2010-04-01 2010-04-01 false Credit at trader's risk. 140.23 Section 140.23 Indians....23 Credit at trader's risk. Credit given Indians will be at the trader's own risk, as no assistance... accept pawns or pledges of personal property by Indians to obtain credit or loans. ...

Does ownership structure improve credit ratings?

Directory of Open Access Journals (Sweden)

Aws AlHares

2018-04-01

Full Text Available This study seeks to examine the impact of Block Ownership structure on Credit Ratings in OECD countries. This research seeks to contribute to the extant literature by exploring the effects of Corporate Governance (CG mechanisms on corporate credit ratings. The study uses a panel data of 200 companies from Anglo American and European countries between 2010 and 2014. The ordinary least square regression is used to examine the relationships. Additionally, to alleviate the concern of potential endogeneity, we use fixed effect regression, two-stage least squares using instrumental variables. The results show there is a negative and significant relationship between block ownership and credit ratings, with a greater significance among Anglo American countries than among European countries. The rationale for this is that Anglo-American system gives preferential treatment to individual shareholders and its accounting tradition leads to a decline in risk and increase in credit ratings. The result is consistent with the multi-theoretical framework predictions derived from the agency and stewardship theories. Future research could investigate credit ratings using other credit rating agencies, selecting a larger sample that includes small, mid-size and large companies. This paper extends, as well as contributes to extant CG literature by offering new evidence on the effect of block ownership on credit ratings between two different traditions. This will be explored by employing firm-level CG mechanisms by accounting for control variables. The findings will help regulators and policymakers in OECD countries in evaluating the adequacy of current CG reforms to prevent management misconduct and scandals.

12 CFR 614.4010 - Agricultural credit banks.

Science.gov (United States)

2010-01-01

...) of this chapter, for the export (including the cost of freight) of agricultural commodities or... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Agricultural credit banks. 614.4010 Section 614.4010 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS...

Credit card spending limit and personal finance: system dynamics approach

Directory of Open Access Journals (Sweden)

Mirjana Pejić Bach

2014-03-01

Full Text Available Credit cards have become one of the major ways for conducting cashless transactions. However, they have a long term impact on the well being of their owner through the debt generated by credit card usage. Credit card issuers approve high credit limits to credit card owners, thereby influencing their credit burden. A system dynamics model has been used to model behavior of a credit card owner in different scenarios according to the size of a credit limit. Experiments with the model demonstrated that a higher credit limit approved on the credit card decreases the budget available for spending in the long run. This is a contribution toward the evaluation of action for credit limit control based on their consequences.

Short-term residual N unaffected by forbs in grass-clover mixtures

DEFF Research Database (Denmark)

Dhamala, Nawa Raj; Rasmussen, Jim; Cong, Wenfeng

2017-01-01

We determined the effect on residual nitrogen (N) of including forbs (chicory, ribwort plantain and caraway) in perennial ryegrass-red clover mixtures. Although soil N inputs during the grassland phase differed markedly between mixtures, in a pot experiment we found no differences...... in the potentially mineralizable N of the soil or in the dry matter production and N content of the spring barley test crop. The fertilizer value of the grassland mixtures corresponded to 10 g N/m2, irrespective of forb inclusion. Thus, the inclusion of nonlegume forbs did not negatively affect short-term residual N...

An Anonymous Credit Card System

Science.gov (United States)

Androulaki, Elli; Bellovin, Steven

Credit cards have many important benefits; however, these same benefits often carry with them many privacy concerns. In particular, the need for users to be able to monitor their own transactions, as well as bank’s need to justify its payment requests from cardholders, entitle the latter to maintain a detailed log of all transactions its credit card customers were involved in. A bank can thus build a profile of each cardholder even without the latter’s consent. In this paper, we present a practical and accountable anonymous credit system based on ecash, with a privacy preserving mechanism for error correction and expense-reporting.

The implementation of a burnup credit based criticality safety assessment in the THORP head end plant

International Nuclear Information System (INIS)

Gulliford, J.; Edge, J.A.; Gracey, J.; Harris, N.

2003-01-01

A new criticality safety assessment based on Actinide-Only Burnup Credit has been developed to cover operations in BNFL's Thermal Oxide Reprocessing Plant (THORP). Reduction of the gadolinium concentration leads to significant reduction in active waste volumes. Detailed description of the methodology was presented at ICNC 1999 and the basic components of the approved safety case have remained unchanged from those proposed then. This paper presents a brief summary of the new methodology, and describes further analyses carried out to quantify additional safety margins. These additional margins are not credited in the derivation of the operating limits, but provide further evidence of the fault tolerance inherent in the new regime. As part of the arrangements to monitor the overall performance of the plant and instrumentation under the new regime, various analyses of plant data are made, including 'on-line' cross checks of measured versus expected fuel parameters (i.e. in addition to the checks on Residual Enrichment). Statistical analyses of data are made and compared with similar data from earlier batches. A summary of analyses made on some of the early fuel batches is presented here. A summary of the likely further development in the Burnup Credit methodology is given in this paper. (author)

Tuition Tax Credits. Issuegram 19.

Science.gov (United States)

Augenblick, John; McGuire, Kent

Approaches for using the federal income tax system to aid families of pupils attending private schools include: tax credits, tax deductions, tax deferrals, and education savings incentives. Tax credit structures can be made refundable and made sensitive to taxpayers' income levels, the level of education expenditures, and designated costs.…

College credit for in-house training

International Nuclear Information System (INIS)

Reilly, K.; Getty, C.; Knief, R.

1981-01-01

The Program on Non-Collegiate Sponsored Instruction (PONSI) and similar organizations may be of considerable help to the industry to the extent that college credit can be awarded for certain activities in reactor site training programs. The credit recommendations generally may be used at local colleges. They also may be applied (along with credit for college-level activities such as correspondence and on-campus courses, proficiency testing, and other evaluations) to degrees granted by the Regent's External Degree Program (REX) and other organizations. This paper describes the principle features of the PONSI and REX programs. PONSI's first credit evaluation at a nuclear plant - Consolidated Edison's Indian Point 2 - is summarized. Recent proposals for an explicit nuclear degree through REX are also described briefly

Securitization, Credit Rating and Issuers’ Characteristics

Directory of Open Access Journals (Sweden)

Mauricio Palmada Fernandes

2014-01-01

Full Text Available Given the growth of securitization through Credit Receivables Investment Funds (Fundos de Investimento em Direitos Creditórios - FIDCs in Brazil in recent years, this work aims to investigate empirically the relationship between securitization and credit rating in the Brazilian market. All issues of FIDCs held by banks and registered in the CVM from 2005 to July 2010 were analyzed. The two hypotheses discussed by Gorton and Souleles (2005 were confirmed to Brazilian financial institutions. There is evidence of an implied contract between the transferor companies and investors in securitizations made via FIDCs. Companies with higher credit risk, worst ratings, tend to securitize more. However no relationship was found between securitization and asset value, amount of loans or capital ratio.

Effects of Credit on Economic Growth, Unemployment and Poverty

Directory of Open Access Journals (Sweden)

Mangasa Augustinus Sipahutar

2016-06-01

              Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and how much they contribute to explaining economic growth.  We also estimate an ECM to document the relationship between banks credit to both unemployment and poverty.  This paper revealed bi-direction causality between banks credit and economic growth.  Banks credit promotes economic growth and economic growth affects credit depth and financial development.  Furthermore, banks credit is a growth accelerating factor on Indonesian economic growth.  Banks credit is an endogenous growth and a good predictor on Indonesian economy. Our estimation model explained that credit allocated by banks increases business escalation to the real sectors then promotes economic growth, decreases unemployment rate through increasing in labor demanded, increases income and then decrease poverty.  This overall transmission mechanism just occurred through presence of banks credit by increasing money supply to the real sectors, promotes growth and social welfare.   Keywords :  banks credit, economic growth, growth accelerating factor, poverty, unemployment   JEL Classification : E51, E52, E58

49 CFR 260.15 - Credit risk premium.

Science.gov (United States)

2010-10-01

... 49 Transportation 4 2010-10-01 2010-10-01 false Credit risk premium. 260.15 Section 260.15... REHABILITATION AND IMPROVEMENT FINANCING PROGRAM Overview § 260.15 Credit risk premium. (a) Where available... pay to the Administrator a Credit Risk Premium adequate to cover that portion of the subsidy cost not...

Consumer Credit: Evidence from Italian Micro Data

NARCIS (Netherlands)

Hochguertel, S.; Alessie, R.; Weber, G.

2005-01-01

In this paper we analyse unique data on credit applications received by the leading provider of consumer credit in Italy (Findomestic). The data set covers a five-year period (1995-1999) during which the consumer credit market rapidly expanded in Italy and a new law (the usury law) came into force

Credit scores, cardiovascular disease risk, and human capital.

Science.gov (United States)

Israel, Salomon; Caspi, Avshalom; Belsky, Daniel W; Harrington, HonaLee; Hogan, Sean; Houts, Renate; Ramrakha, Sandhya; Sanders, Seth; Poulton, Richie; Moffitt, Terrie E

2014-12-02

Credit scores are the most widely used instruments to assess whether or not a person is a financial risk. Credit scoring has been so successful that it has expanded beyond lending and into our everyday lives, even to inform how insurers evaluate our health. The pervasive application of credit scoring has outpaced knowledge about why credit scores are such useful indicators of individual behavior. Here we test if the same factors that lead to poor credit scores also lead to poor health. Following the Dunedin (New Zealand) Longitudinal Study cohort of 1,037 study members, we examined the association between credit scores and cardiovascular disease risk and the underlying factors that account for this association. We find that credit scores are negatively correlated with cardiovascular disease risk. Variation in household income was not sufficient to account for this association. Rather, individual differences in human capital factors—educational attainment, cognitive ability, and self-control—predicted both credit scores and cardiovascular disease risk and accounted for ∼45% of the correlation between credit scores and cardiovascular disease risk. Tracing human capital factors back to their childhood antecedents revealed that the characteristic attitudes, behaviors, and competencies children develop in their first decade of life account for a significant portion (∼22%) of the link between credit scores and cardiovascular disease risk at midlife. We discuss the implications of these findings for policy debates about data privacy, financial literacy, and early childhood interventions.

Lending and Credit Monitoring Principles

Directory of Open Access Journals (Sweden)

Viorica IOAN

2012-11-01

Full Text Available The results of a bank’s activities depend to a significant extent on the quality of the credit portfolio that it holds, as well as on the credit tracking and control system. The purpose and functioning of such inter-banking systems differs from one bank to another. Loans require an increasingly efficient type of internal surveillance of activity. Following the clients’ behavior and performances, as well as their entire activity is a particularly important phase and absolutely necessary in the course of a loan. The purpose of this activity is, generally, that of identifying, as early as possible, of clues about any problems that may appear during the course of the loan, so as to make possible, as early as can be, the taking of remedial measures with a view to anticipate the deterioration of the loan’s debt. An open communication between the bank and the loan’s beneficiary is an essential condition for an efficient tracking program. Another basic element is the rigorous and complete filling out of the credit papers. The credit files are the backbone of the of the loan monitoring process because these contain all of the documents which may offer to the credit officer, accounting expert, as well as other interested parties a permanent, chronological record of the loan relation.

Study on the Impact of the Private Credit Excess on the Credit Risk under the Massive Capital Inflows Risk under the Massive Capital Inflows

Directory of Open Access Journals (Sweden)

Jong-Hee Kim

2016-09-01

Full Text Available By examining the relationship between private credit growth and the possibility of credit risk while focusing on international capital in 21 countries over the period 2000:1Q-2015:2Q, this paper shows that the impact of private credit growth on credit risk is apparent under the high ratio of capital inflows, and its impact on credit risk in the seven Asian countries is even stronger. And the possibility of credit risk caused by private credit is mainly coming from portfolio inflows rather than direct inflows. Finally, portfolio inflows strengthen the positive relationship between credit excess and credit risk in Asian countries, and this trend is seen more in these after the global financial crisis. Taken together, the stronger positive relationship between credit excess and credit risk can be strengthen under the massive portfolio inflows in particular in the seven Asian countries such as Hong Kong, India, Indonesia, Korea, Malaysia, Singapore, and Thailand.

Utilização do nitrogênio (15N residual de coberturas de solo e da uréia pela cultura do milho Utilization of residual nitrogen (15N from cover crop and urea by corn

Directory of Open Access Journals (Sweden)

Edson Cabral da Silva

2006-12-01

study was to evaluate the use of residual nitrogen from urea, sunnhemp (Crotalaria juncea and millet (Pennisetum americanum labeled with 15N, applied to no-tillage corn in the previous growing season, in a Red Latosol of the Cerrado. The study was conducted in an experimental farm of the Sao Paulo State University (UNESP, Ilha Solteira, in Selvíria county (MS, Brazil, in different areas. The experiment had a randomized complete block design, with 15 treatments and four replications. Treatments were applied to corn crop in the 2001/02 and 2003/04 growing seasons. Theey were distributed in a 3 x 5 factorial layout, representing the combination of three cover crops: sunnhemp, millet and spontaneous vegetation (fallow and five N rates (as urea: 0, 30, 80, 130, and 180 kg ha-1 of N. After corn harvest, the two areas were fallowed in the dry season and were followed by corn crop in the 2002/03 (experiment 1 and 2003/04 (experiment 2 growing seasons, using the same fertilizer rate on all plots to distinguish the residual effect of N sources. The average use of residual N from the millet and sunnhemp residues (above-ground part by corn crop was less than 3.5 and 3 %, respectively, of the initial amount. The corn uptake of residual N from urea increased in a quadratic manner in experiment 1 and linearly in experiment Two as a response to the applied N rates, and the recover was below 3 %. The cover crop type did not affect the use of residual N of urea by corn, and vice-versa.

CREDIT RATIONING AND SME DEVELOPMENT IN BOTSWANA ...

African Journals Online (AJOL)

None

have the negative effect of stifling the growth of potential firms, thereby .... credit market may explain the credit rationing behaviour of banks to ... derive policy implications to enhance access to bank credit by SMEs. 4. ..... The main challenges to SMEs identified by the study were non-payment of outstanding ... This decision is.

Nb3Ge superconductive films grown with nitrogen

International Nuclear Information System (INIS)

Sigsbee, R.A.

1978-01-01

A superconductive film of Nb 3 Ge is produced by providing within a vacuum chamber a heated substrate and sources of niobium and germanium, reducing the pressure within the chamber to a residual pressure no greater than about 10 -5 mm Hg, introducing nitrogen into the resulting evacuated chamber in controlled amounts and vaporizing the niobium and germanium to deposit a film of Nb 3 Ge on the heated substrate

Credit Rationing Effects of Credit Value-at-Risk

NARCIS (Netherlands)

J.F. Slijkerman; D.J.C. Smant (David); C.G. de Vries (Casper)

2004-01-01

textabstractBanks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and

Trade Credit Insurance and Asymmetric Information Problem

Directory of Open Access Journals (Sweden)

Sokolovska Olena

2017-03-01

Full Text Available The presence of different risk factors in international trade gives evidence of the necessity of support in gaps that may affect exporters’ activity. To maximize the trade volumes and in the same time to minimize the exporters’ risks the stakeholders use trade credit insurance. The paper provides analysis of conceptual background of the trade credit insurance in the world. We analyzed briefly the problems, arising in insurance markets due to asymmetric information, such as adverse selection and moral hazard. Also we discuss the main stages of development of trade credit insurance in countries worldwide. Using comparative and graphical analysis we provide a brief evaluation of the dynamics of claims and recoveries for different forms of trade credit insurance. We found that the claims related to the commercial risk for medium and long trade credits in recent years exceed the recoveries, while with the political risk the reverse trend holds. And we originally consider these findings in terms of information asymmetry in the trade credit insurance differentiated by type of risk.

5 CFR 610.408 - Use of credit hours.

Science.gov (United States)

2010-01-01

... Flexible and Compressed Work Schedules § 610.408 Use of credit hours. Members of the Senior Executive Service (SES) may not accumulate credit hours under an alternative work schedule. Any credit hours...

Methodology of Credit Analysis Development

Directory of Open Access Journals (Sweden)

Slađana Neogradi

2017-12-01

Full Text Available The subject of research presented in this paper refers to the definition of methodology for the development of credit analysis in companies and its application in lending operations in the Republic of Serbia. With the developing credit market, there is a growing need for a well-developed risk and loss prevention system. In the introduction the process of bank analysis of the loan applicant is presented in order to minimize and manage the credit risk. By examining the subject matter, the process of processing the credit application is described, the procedure of analyzing the financial statements in order to get an insight into the borrower's creditworthiness. In the second part of the paper, the theoretical and methodological framework is presented applied in the concrete company. In the third part, models are presented which banks should use to protect against exposure to risks, i.e. their goal is to reduce losses on loan operations in our country, as well as to adjust to market conditions in an optimal way.

Heat and mass transfer of liquid nitrogen in coal porous media

Science.gov (United States)

Lang, Lu; Chengyun, Xin; Xinyu, Liu

2018-04-01

Liquid nitrogen has been working as an important medium in fire extinguishing and prevention, due to its efficiency in oxygen exclusion and heat removal. Such a technique is especially crucial for coal industry in China. We built a tunnel model with a temperature monitor system (with 36 thermocouples installed) to experimentally study heat and mass transfer of liquid nitrogen in non-homogeneous coal porous media (CPM), and expected to optimize parameters of liquid nitrogen injection in engineering applications. Results indicate that injection location and amount of liquid nitrogen, together with air leakage, significantly affect temperature distribution in CPM, and non-equilibrium heat inside and outside of coal particles. The injection position of liquid nitrogen determines locations of the lowest CPM temperature and liquid nitrogen residual. In the deeper coal bed, coal particles take longer time to reach thermal equilibrium between their surface and inside. Air leakage accelerates temperature increase at the bottom of the coal bed, which is a major reason leading to fire prevention inefficiency. Measurement fluctuation of CPM temperature may be caused by incomplete contact of coal particles with liquid nitrogen flowing in the coal bed. Moreover, the secondary temperature drop (STD) happens and grows with the more injection of liquid nitrogen, and the STD phenomenon is explained through temperature distributions at different locations.

CONTINGENCIES FOR MEASUREMENT OF THE CREDIT RISK

Directory of Open Access Journals (Sweden)

Marinela BARBULESCU

2015-12-01

Full Text Available The Global Financial Crisis, which affected various banks, some of them very important banks, highlighted the importance of an accurate credit risk measurement in order to be able to overcome it. There are a variety of such credit risk measurement models, so we can say that banks face a real dilemma when having to choose the most appropriate one. The aim of this paper is to examine the most popular methods used to measure the credit risk and to identify the strengths and the weaknesses of each one of it. The research was accomplished from a double perspective, in which the conceptual methodological approach is correlated to a variety of references to practical actions aiming the measurement and the prevention of credit risk. The study includes the presentation of the objectives of credit risk analysis, the most appropriate moments for doing such an analysis, the steps that have to be done in order to measure the credit risk, the errors that can overcome in the credit risk measurement system, generated by the misclassifications of the studied company, and the presentation of the specific information of financial creditors. The findings expressed in this paper were mainly the result of a qualitative analysis which showed that there is no best model for credit risk measurement, each one having both strengths and weaknesses, some providing a comprehensive analysis of the individual customer’s financial strength others allowing banks permanently monitor fluctuating default risk and identify the possibly problems at an early stage.

Is credit for early action credible early action?

International Nuclear Information System (INIS)

Rolfe, C.; Michaelowa, A.; Dutschke, M.

1999-12-01

Credit for early action as a tool for greenhouse gas emissions reduction is compared with various market instruments as a means of narrowing the gap between projected emissions and those of the Kyoto Protocol. Market instruments work by creating a market price for emissions and use the market to encourage reductions at the lowest price, which is done by placing limits on greenhouse gas emissions and allowing the market to decide where reductions occur, or by imposing a carbon tax or emissions charge. While they can be applied within a sector, they are usually used to encourage reductions throughout the economy or across large sectors. Credit for early action also creates an incentive for emissions reductions throughout the economy or at least across many sectors. Credit for early action tools do not work by either imposing a carbon tax or emissions charge or placing limits on emissions, rather they promise that entities that take action against greenhouse gases prior to the imposition of a carbon tax or emissions limits will receive a credit against future taxes or limits. An overview is provided of the Kyoto Protocol and the rationale for taking early action, and a review is included of the theory and specific proposals for market instruments and credit for early action. A comparative analysis is provided of these approaches by examining their relative efficiency, environmental effectiveness, and impacts on the redistribution of wealth. Credit for early action is viewed as problematic on a number of counts and is seen as an interim strategy for imposition while political support for market instruments develop. The environmental effectiveness of credit for early action is very difficult to predict, and credit for early action programs do not yield the lowest cost emissions reductions. Credit for early action programs will not achieve compliance with the Kyoto Protocol at the lowest cost, and credits for early action will increase the compliance costs for those who

Store Security. Credit Card Fraud.

Science.gov (United States)

Brockway, Jerry

The manual, intended for use by adults and not in the high school classroom situation, presents material directed toward assisting in the reduction of credit card crime. This teaching guide is organized in three sections which deal with the nature of and major reasons for credit card fraud, the types of hot card runners, and methods of reducing…

An endogenous model of the credit network

Science.gov (United States)

He, Jianmin; Sui, Xin; Li, Shouwei

2016-01-01

In this paper, an endogenous credit network model of firm-bank agents is constructed. The model describes the endogenous formation of firm-firm, firm-bank and bank-bank credit relationships. By means of simulations, the model is capable of showing some obvious similarities with empirical evidence found by other scholars: the upper-tail of firm size distribution can be well fitted with a power-law; the bank size distribution can be lognormally distributed with a power-law tail; the bank in-degrees of the interbank credit network as well as the firm-bank credit network fall into two-power-law distributions.

A dynamic model of unsecured credit

OpenAIRE

Daniel R. Sanches

2010-01-01

The author studies the terms of credit in a competitive market in which sellers (lenders) are willing to repeatedly finance the purchases of buyers (borrowers) by engaging in a credit relationship. The key frictions are: (i) the lender is unable to observe the borrower's ability to repay a loan; (ii) the borrower cannot commit to any long-term contract; (iii) it is costly for the lender to contact a borrower and to walk away from a contract; and (iv) transactions within each credit relationsh...

Issues for effective implementation of burnup credit

International Nuclear Information System (INIS)

Parks, C.V.; Wagner, J.C.

2001-01-01

In the United States, burnup credit has been used in the criticality safety evaluation for storage pools at pressurized water reactors (PWRs) and considerable work has been performed to lay the foundation for use of burnup credit in dry storage and transport cask applications and permanent disposal applications. Many of the technical issues related to the basic physics phenomena and parameters of importance are similar in each of these applications. However, the nuclear fuel cycle in the United States has never been fully integrated and the implementation of burnup credit to each of these applications is dependent somewhat on the specific safety bases developed over the history of each operational area. This paper will briefly review the implementation status of burnup credit for each application area and explore some of the remaining issues associated with effective implementation of burnup credit. (author)

The Dilemmas over Credit Policy Management in a Company

Directory of Open Access Journals (Sweden)

Maria Gorczyńska

2013-11-01

Full Text Available Purpose of the article: The paper identifies the core dilemmas over the establishment of the credit policy in a company. It considers the general scope and basic stages of credit policy management and analyses each stage of credit policy in terms of decisive aspects. The main areas of concerns are discussed within the settlement of credit policy and its implementation with regard to the model of optimal credit policy. Scientific aim: The paper aims at constructing a unified model of issues rising dilemmas while setting and implementing the credit policy management. It also aims at identifying core decisive problems in each of these fields and at providing a structured questions framework. Methodology/methods: The paper is based on conceptual analysis and deduction of the literature and general review of issues related to credit policy management. It containts autors’ own view on the problems included in each stage of credit policy management. Findings: Credit policy management is a subject for numerous dilemmas. The main areas of concerns are related to: the decision about the goal of credit policy managemet with regard to its restrictiveness, the settlement of credit policy with regard to elements of credit policy, and finally the implementation with regard to the risk of bad debts occurrence. Conclusions: (limits, implications etc The establishment of credit policy in a company requires to balance contrary interests and thus involves wide variety of issues to be considered. The presented model of decisive problems might be applied in each company regardless to their size.

The study on effect of zeolite on nitrogen use efficiency of corn by 15N-isotope dilution method

International Nuclear Information System (INIS)

Li Changhong; Li Huaxing; Zhang Xinming; Liu Yuanjin

2002-01-01

A pot experiment was carried out to study the effect of natural zeolite on nitrogen use efficiency of corn by using 15 N-isotope dilution method. The results showed that application of zeolite could improve the corn growth and enhance the biomass of the corn seedling. By using zeolite, nitrogen use efficiency (NUE) of corn was increased by 23.2%-33.1% as compared with no-zeolite treatment; and the residual nitrogen has no significant difference between zeolite treatment and no-zeolite treatment

Credit risk assessment: Evidence from banking industry

Directory of Open Access Journals (Sweden)

Hassan Ghodrati

2014-08-01

Full Text Available Measuring different risk factors such as credit risk in banking industry has been an interesting area of studies. The artificial neural network is a nonparametric method developed to succeed for measuring credit risk and this method is applied to measure the credit risk. This research’s neural network follows back propagation paradigm, which enables it to use historical data for predicting future values with very good out of sample fitting. Macroeconomic variables including GDP, exchange rate, inflation rate, stock price index, and M2 are used to forecast credit risk for two Iranian banks; namely Saderat and Sarmayeh over the period 2007-2011. Research data are being tested for ADF and Causality Granger tests before entering the ANN to achieve the best lag structure for the research model. MSE and R values for the developed ANN in this research respectively are 86×〖10〗^(-4 and 0.9885, respectively. The results showed that ANN was able to predict banks’ credit risk with low error. Sensibility analyses which has accomplished on this research’s ANN corroborates that M2 has the highest effect on the ANN’s credit risk and should be considered as an additional leading indicator by Iran’s banking authorities. These matters confirm validation of macroeconomic notions in Iran’s credit systematic risk.

WHAT INFLUENCE CREDIT CARD DEBTS IN YOUNG CONSUMERS IN MALAYSIA

OpenAIRE

Syed Shah ALAM; Ruzita Abdul RAHIM; Ridhwanul HAQ; Atiqur Rahman KHAN

2014-01-01

This paper examines empirically antecedents of the credit card debts in young consumers in Malaysia. We examine whether easy access to credit card, credit card related knowledge, aggressive promotion by credit card industry, low minimum payment requirement and attitude towards credit cards influence credit card debts in the younger generation. Regression model was used to meet the objectives. These findings based on a sample of 240 young credit card holders, show that the factors that affect ...

Nitrogen washing from C3 and C4 cover grasses residues by rain

Directory of Open Access Journals (Sweden)

Ciro Antonio Rosolem

2010-12-01

Full Text Available Crop species with the C4 photosynthetic pathway are more efficient in assimilating N than C3 plants, which results in different N amounts prone to be washed from its straw by rain water. Such differences may affect N recycling in agricultural systems where these species are grown as cover crops. In this experiment, phytomass production and N leaching from the straw of grasses with different photosynthetic pathways were studied in response to N application. Pearl millet (Pennisetum glaucum and congo grass (Brachiaria ruziziensis with the C4 photosynthetic pathway, and black oat (Avena Strigosa and triticale (X Triticosecale, with the C3 photosynthetic pathway, were grown for 47 days. After determining dry matter yields and N and C contents, a 30 mm rainfall was simulated over 8 t ha-1 of dry matter of each plant residue and the leached amounts of ammonium and nitrate were determined. C4 grasses responded to higher fertilizer rates, whereas N contents in plant tissue were lower. The amount of N leached from C4 grass residues was lower, probably because the C/N ratio is higher and N is more tightly bound to organic compounds. When planning a crop rotation system it is important to take into account the difference in N release of different plant residues which may affect N nutrition of the subsequent crop.

Correlates of credit card ownership in men and women.

Science.gov (United States)

Yang, Bijou; Lester, David

2005-06-01

In a sample of 352 students, correlates of credit card ownership differed by sex. For both men and women, credit card ownership was predicted by their affective attitude toward credit cards. However, whereas for men concern with money as a tactic for gaining power predicted credit card ownership, for women feelings of insecurity about having sufficient money and having a conservative approach to money predicted credit card ownership.

Carbon and nitrogen - The key to biological activity, diversity and productivity in a Haplic Acrisol

International Nuclear Information System (INIS)

Okae-Anti, Daniel; Torkpo, Addison; Kankam-Boadu, Maryross; Agyei Frimpong, Kwame; Obuobi, Daniel

2004-10-01

Soil organic matter is important because it impacts all soil quality functions. Much less information is available on the dynamics of the residual carbon and nitrogen content and their distribution in continuously cropped arable fields. We described the values of the soil properties, pH, moisture content, organic carbon and total nitrogen considering them to be random variables. We treated their spatial variation as a function of the distance between observations within the study site, a continuously-cropped field dominated by Haplic Acrisols. We discussed the nature and structure of the modeled functions, the semivariograms, and interpreted these in the light of the potential of these soils to sustain agricultural productivity. At these sites there had been no conversion of natural forests to agriculture so the paper does not discuss soil carbon storage for either the regional or global storage. All the properties studied showed spatial non-stationarity for the distances covered, indicating that the variance between pairs of observations increased as separating distances also increased. pH, moisture content and total nitrogen were fitted with the power model whereas the linear model best fitted organic carbon. Total nitrogen had the least nugget variance and pH the highest estimated exponent, α, from the power equations. The soils are highly variable in terms of input or return of organic residue to provide a sink for carbon and nitrogen and the breakdown of these materials as affected by pH, moisture availability and microorganisms. (author)

Carbon and nitrogen - The key to biological activity, diversity and productivity in a Haplic Acrisol

Energy Technology Data Exchange (ETDEWEB)

Okae-Anti, Daniel [Department of Soil Science, School of Agriculture, University of Cape Coast, Cape Coast (Ghana); [Abdus Salam International Centre for Theoretical Physics, Trieste (Italy)] E-mail: dokaent@yahoo.co.uk; Torkpo, Addison; Kankam-Boadu, Maryross; Agyei Frimpong, Kwame [Department of Soil Science, School of Agriculture, University of Cape Coast, Cape Coast (Ghana); Obuobi, Daniel [Department of Computer Science and Information Technology, University of Cape Coast, Cape Coast (Ghana)

2004-10-01

Soil organic matter is important because it impacts all soil quality functions. Much less information is available on the dynamics of the residual carbon and nitrogen content and their distribution in continuously cropped arable fields. We described the values of the soil properties, pH, moisture content, organic carbon and total nitrogen considering them to be random variables. We treated their spatial variation as a function of the distance between observations within the study site, a continuously-cropped field dominated by Haplic Acrisols. We discussed the nature and structure of the modeled functions, the semivariograms, and interpreted these in the light of the potential of these soils to sustain agricultural productivity. At these sites there had been no conversion of natural forests to agriculture so the paper does not discuss soil carbon storage for either the regional or global storage. All the properties studied showed spatial non-stationarity for the distances covered, indicating that the variance between pairs of observations increased as separating distances also increased. pH, moisture content and total nitrogen were fitted with the power model whereas the linear model best fitted organic carbon. Total nitrogen had the least nugget variance and pH the highest estimated exponent, {alpha}, from the power equations. The soils are highly variable in terms of input or return of organic residue to provide a sink for carbon and nitrogen and the breakdown of these materials as affected by pH, moisture availability and microorganisms. (author)

Influence of the residual oxygen in the plasma immersion ion implantation (PI3) processing of materials

International Nuclear Information System (INIS)

Ueda, M.; Silva, A.R.; Mello, Carina B.; Silva, G.; Reuther, H.; Oliveira, V.S.

2011-01-01

In this work, we investigated the effects of the contaminants present in the vacuum chamber of the PI3 system, in particular, the residual oxygen, which results in the formation of the oxide compounds on the surface and hence is responsible for the high implantation energies required to achieve reasonably thick treated layers. We used a mass spectrometer (RGA) with a quadruple filter to verify the composition of the residual vacuum and pressure of the elements present in the chamber. Initially we found a high proportion of residual oxygen in a vacuum with a pressure of 1 × 10 −3 Pa. Minimizing the residual oxygen percentage in about 80%, by efficient cleaning of the chamber walls and by improving the gas feeding process, we mitigated the formation of oxides during the PI3 process. Therefore we achieved a highly efficient PI3 processing obtaining implanted layers reaching about 50 nm, even in cases such as an aluminum alloy, where is very difficult to nitrogen implant at low energies. We performed nitrogen PI3 treatment of SS304 and Al7075 using pulses of only 3 kV and 15 × 10 −6 s at 1 kHz with an operating pressure of 1 Pa.

Credit risk identification and suggestions of electricity market

Science.gov (United States)

He, Chuan; Wang, Haichao; Chen, Zhongyuan; Hao, Yuxing; Jiang, Hailong; Qian, Hanhan; Wang, Meibao

2018-03-01

The power industry has a long history of credit problems, and the power industry has credit problems such as power users defaulting on electricity bills before the new electricity reform. With the reform of the power system, the credit problems in the power industry will be more complicated. How to effectively avoid the risk factors existing in the course of market operation and how to safeguard the fairness and standardization of market operation is an urgent problem to be solved. This paper first describes the credit risk in power market, and analyzes the components of credit risk identification in power market, puts forward suggestions on power market risk management.

Standardization of Social Credit System Initiated in China

Institute of Scientific and Technical Information of China (English)

无

2004-01-01

@@ Introduction The current government advances that the order of market economy should be standardized and the social credit system of market economy in modern times should be established and completed. The social credit system should be formed on the basis of property right, supported by moral and high consciousness of social credit. Therefore, the basic framework and operation mechanism of the standards system for social credit will be established in 5 years in China in order to make standards play an important role in a regular market and the aspect of credit management, to improve administration's compliance with the regulation, and to facilitate the market economic order.

Credit counseling: a substitute for consumer financial literacy?

OpenAIRE

Disney, Richard; Gathergood, John; Weber, Jörg

2015-01-01

Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for consumers facing debt problems. We combine instrumental variable approaches to account for the endogeneity of an individual’s financial situation to financial literacy, and the endogeneity of financial lit...

Fate of nitrogen in soil-crop system by nuclear techniques. Effects of applied rate of ammonium bicarbonate

International Nuclear Information System (INIS)

Chen Qing

1996-11-01

The experiment was conducted with 15 N tracing techniques in Shijiazhuang from 1994 to 1995. Three nitrogen rates, including optimum rate (150 kg/hm 2 ) based on the recommendation of local farmers, above 50% of optimum rate (225 kg/hm 2 ) and below 50% of optimum rate (75 kg/hm 2 ), were selected to study the effect of application rates of ammonium bicarbonate on yield of winter wheat and fate of applied nitrogen under local management and irrigated condition. The results showed that nitrogen uptake and grain yield of wheat under fertilized treatments were higher than those in unfertilized treatment (except 225 kg/hm 2 treatment). The highest yield and top dry mater weight (grain 6.80 t/hm 2 , top 14.70 t/hm 2 ) were obtained in optimum N applied treatment (150 kg/hm 2 ), while the highest nitrogen recovery efficiency (38.5%) of ammonium bicarbonate by winter wheat was found in below 50% of optimum rate treatment (75 kg/hm 2 ) due to the relatively high basic fertility of the field. However, nitrogen recovery efficiency of ammonium bicarbonate decreased with the increasing N application rate. The highest residue of fertilizer N was found in 225 kg/hm 2 treatment, and 46% of the residue existed in the top layer of the soil (0∼50 cm). The unaccounted N from fertilizer were 30.20%, 36.56%, 31.25% in 75 kg/hm 2 , 150 kg/hm 2 , 225 kg/hm 2 treatments respectively according to 15 N balance calculation in soil-plant system. The effect of residue N in soil on the next crop, maize, in 225 kg/hm 2 treatment was best in three fertilized treatments, suggesting the possibilities of nitrate leaching down in 225 kg/hm 2 treatment. (15 tabs.)

Models for assessing and managing credit risk

Directory of Open Access Journals (Sweden)

Neogradi Slađana

2014-01-01

Full Text Available This essay deals with the definition of a model for assessing and managing credit risk. Risk is an inseparable component of any average and normal credit transaction. Looking at the different aspects of the identification and classification of risk in the banking industry as well as representation of the key components of modern risk management. In the first part of the essay will analyze how the impact of credit risk on bank and empirical models for determining the financial difficulties in which the company can be found. Bank on the basis of these models can reduce number of approved risk assets. In the second part, we consider models for improving credit risk with emphasis on Basel I, II and III, and the third part, we conclude that the most appropriate model and gives the best effect for measuring credit risk in domestic banks.

Sovereign Credit Risk, Liquidity and ECB Intervention

DEFF Research Database (Denmark)

Pelizzon, Loriana; Subrahmanyam, Marti G.; Tomio, Davide

This paper explores the interaction between credit risk and liquidity, in the context of the intervention by the European Central Bank (ECB), during the Euro-zone crisis. The laboratory for our investigation is the Italian sovereign bond market, the largest in the Euro-zone. We use a unique data...... between changes in Italian sovereign credit risk and liquidity in the secondary bond market, conditional on the level of credit risk, measured by the Italian sovereign credit default swap (CDS) spread. We demonstrate the existence of a threshold of 500 basis points (bp) in the CDS spread, above which...... there is a structural change in this relationship. Other global systemic factors also a ffect market liquidity, but the speci c credit risk of primary dealers plays only a modest role in a ffecting market liquidity, especially under conditions of stress. Moreover, the data indicate that there is a clear structural...

12 CFR 1400.1 - Farm Credit System Insurance Corporation.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Farm Credit System Insurance Corporation. 1400.1 Section 1400.1 Banks and Banking FARM CREDIT SYSTEM INSURANCE CORPORATION ORGANIZATION AND FUNCTIONS Organization and Functions § 1400.1 Farm Credit System Insurance Corporation. The Farm Credit...

Phenomena and parameters important to burnup credit

International Nuclear Information System (INIS)

Parks, C.V.; Dehart, M.D.; Wagner, J.C.

2001-01-01

Since the mid-1980s, a significant number of studies have been directed at understanding the phenomena and parameters important to implementation of burnup credit in out-of-reactor applications involving pressurized-water- reactor (PWR) spent fuel. The efforts directed at burnup credit involving boiling-water-reactor (BWR) spent fuel have been more limited. This paper reviews the knowledge and experience gained from work performed in the United States and other countries in the study of burnup credit. Relevant physics and analysis phenomenon are identified, and an assessment of their importance to burnup credit implementation for transport and dry cask storage is given. (author)

Nitrogen 15 abundance in protein fractions of beans fertilized with ({sup 15}NH{sub 4}){sub 2}SO{sub 4}

Energy Technology Data Exchange (ETDEWEB)

Chaud, Saula Goulart; Oliveira, Admar Costa de [Universidade Estadual de Campinas, SP (Brazil). Faculdade de Estudos Agricolas. Dept. de Planejamento Alimentar e Nutricao; Trivelin, Paulo Cesar Ocheuze [Centro de Energia Nuclear na Agricultura (CENA), Piracicaba, SP (Brazil). Lab. de Isotopos Estaveis]. E-mail: admarco@fea.unicamp.br

2002-12-01

Studies evaluating the protein nutritive value of beans labelled with 15 N, using nitrogen balance and the quantitation of faecal and urinary endogenous nitrogen, determined by isotopic dilution, have been extensively used. The objective of this research was to verify if the isotopic labelling of raw, freeze dried beans (Phaseolus vulgaris L., cultivar Pirata 1) with 1.394 atoms % 15 N, resulted in the same abundance of the whole flour and of the protein fractions extracted from the beans with 0.5 mol L{sup -1} NaCl. The isotopic abundance found in the whole bean flour, in the protein extract, in the globulin and albumin fractions were respectively: 1.394 +- 0.011; 1.403 +- 0.012; 1.399 +- 0.007 and 1.399 +- 0.028 atoms % of 15 N, presenting no difference (P > 0.05). However, a difference was found (P < 0.05) between the above mentioned abundances and the isotopic abundance found in the nitrogen of the proteins in the extraction residue, which was 0.969 +- 0.084. Since the abundances did not differ, the protein nutritive indexes, such as digestibility and biological value, determined from the nitrogen balance and corrected for isotopic dilution, would not be affected by extracting the proteins from the beans with 0.5 mol L 1 NaCl. If working with the nitrogen balance of the residual proteins after extraction and even with the whole flours, these indexes could present incorrect values, since the isotopic labelling of the residual proteins was less than that of the protein fractions. (author)

Development of Consumer Credit Laws in Malaysia

OpenAIRE

Rahman, Ahmad Saufi Abdul

2007-01-01

Consumer Credit is a branch of Commercial Law, which has been developing in recent years inMalaysia. The purpose of this paper is to summarize the latest amendments in the consumer credit laws inMalaysia and to highlight its significance. The discussion will be limited to the three most important laws ofconsumer credit in Malaysia: the hire-purchase, money lending and pawn broking laws.

20 CFR 606.23 - Avoidance of tax credit reduction.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Avoidance of tax credit reduction. 606.23 Section 606.23 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR TAX CREDITS... Tax Credit Reduction § 606.23 Avoidance of tax credit reduction. (a) Applicability. Subsection (g) of...

20 CFR 606.20 - Cap on tax credit reduction.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Cap on tax credit reduction. 606.20 Section 606.20 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR TAX CREDITS... Tax Credit Reduction § 606.20 Cap on tax credit reduction. (a) Applicability. Subsection (f) of...

Cultivation of Flammulina velutipesmushroom using various agro-residues as a fruiting substrate

Directory of Open Access Journals (Sweden)

Nooraishah Harith

2014-03-01

Full Text Available The objective of this work was to evaluate the feasibility of different agro-residues as a carbon source in the fruiting substrates of Flammulina velutipesmushroom and the effect of supplementation with the nitrogen sources spent brewer's yeast and rice bran. The following fruiting substrates were evaluated: rubber wood sawdust (SD, paddy straw (PS, palm empty fruit bunches (EFB, and palm-pressed fiber (PPF. Cultivation was done on each agro-residue, based on formulations consisting of two substrates at the ratios of 3:1, 1:1, and 1:3. Mycelial growth rate and basidiocarp yield were evaluated. The best fruiting substrates were PS+EFB (25:75, PS+PPF (50:50, and PPF (100, with biological efficiency of 185.09±36.98, 150.89±50.35, and 129.06±14.51%, respectively. No significant effects of supplementation with rice bran and spent yeast were observed on mycelial growth rate and biological efficiency. The cultivation of F. velutipes on oil palm wastes does not require additional nitrogen sources.

Implied Materiality and Material Disclosures of Credit Ratings

OpenAIRE

Eccles, Robert G; Youmans, Timothy John

2015-01-01

This first of three papers in our series on materiality in credit ratings will examine the materiality of credit ratings from an “implied materiality” and governance disclosure perspective. In the second paper, we will explore the materiality of environmental, social, and governance (ESG) factors in credit ratings’ methodologies and introduce the concept of “layered materiality.” In the third paper, we will evaluate current and potential credit rating agency (CRA) business models based on our...

A Macroeconomic Model of Credit Risk in Uruguay

Directory of Open Access Journals (Sweden)

Gabriel Illanes

Full Text Available In this paper we evaluate credit risk of the economy as a whole, aiming at the study of the financial stability. This analysis uses as proxy the credit granted by the banking system. We use a non-linear parametric model based on Merton's structural framework for the analysis of the risk associated to a loan portfolio. In this model, default occurs when the return of an economic agent falls under certain threshold which depends on different macroeconomic variables. We use this model to assess the credit risk module in stress tests for the local banking system. We also estimate the "elasticities" of credit categories correspondig to corporate credit and consumer credit, both in national currency and american dollars. We obtain the parameters for the model using maximum likelihood, where the likelihood function contains a random latent factor which is assumed to follow a normal distribution.

CREDIT RISK MINIMIZATION WAYS AND PRICING OF BANKING SERVICES

Directory of Open Access Journals (Sweden)

V. E. Gladkova

2011-01-01

Full Text Available Accurate accounting of own expenses on rendering banking services and forming reasonable prices for them make it possible for commercial banks to adequately react to market situation changes. Credit risk minimization comprises: credit rationing (in Russia according to RF Central Bank norms; credit diversification; credit structuring; and forming reserves to cover respective bank risks (also in accordance with RF CB documents. Effective is bank credit hedging (insuring through credit derivatives. Most advanced at international finance markets are such risk minimization systems as Basel-II and IRBA. Pricing models based on individual assessment of each borrower’s risk class (Risk Based Pricing approach are widely used.

Emission credits : what are they worth?

International Nuclear Information System (INIS)

Wilman, E.A.

2003-01-01

The current cost of making a carbon transaction was discussed with particular reference to a time-line when emissions trading will become more cost-effective and streamlined for quicker results. This paper described how companies are dealing with the risk of emissions trading in terms of pricing and the expected financial impacts of owning a new commodity. The incorporation of emissions credits and trading activities into a company's balance sheet was also described in terms of how banks will consider a company's credit when calculating their loan potential. It was noted that some credits will be valued higher than others based on their historical background. The financial impact that credits have on company assets was addressed in terms of measuring reputation management. The importance of developing a financial plan for effective management was emphasized in terms of evaluating emissions reduction projects and future options. 17 refs., 2 figs

Study on the reduction and hysteresis effect of soil nitrogen pollution by Alfalfa in channel buffer bank

Science.gov (United States)

Chi, Yixia; Xue, Lianqing; Zhang, Zhanyu; Li, Dongying

2018-01-01

Based on the simulation experiments of solute transport in channel buffer bank and pot experiments, this study analyzed the transport of nitrogen pollution from farmland drains along the South-North Water Transfer east route project; and compared the nitrogen transport rule and purification effect of alfalfa in channel buffer bank soil under situations of bare land and alfalfa mulching. The results showed that: (1) soil nitrogen content decreased gradually with the width increase of channel buffer bank by the soil adsorption and decomposition; (2) the migration rates of nitrogen were 0.06 g·kg-1 by the alfalfa mulching; (3) the removed rates of nitrogen from the soil were 0.088 g·kg-1 by cutting alfalfa; (4) the residual nitrogen of soil with alfalfa was 10% of the bare land. Alfalfa in channel buffer bank had obvious reduction and hysteresis effect to soil nitrogen pollution.

77 FR 8184 - Foreign Tax Credit Splitting Events

Science.gov (United States)

2012-02-14

... Foreign Tax Credit Splitting Events AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of... these proposed regulations. The regulations affect taxpayers claiming foreign tax credits. Special... of the Federal Register.] Sec. 1.909-6 Pre-2011 foreign tax credit splitting events. [The text of...

Credit risk in emerging markets Peruvian listed company

Directory of Open Access Journals (Sweden)

Kurt Burneo Farfan

2017-07-01

Full Text Available The aim of this paper is to introduce the importance of the banking credit risk, the main elements that conform it and the main alternatives that are offered to access to a loan as well as a description of its measurement and management in the sector. There will be a general explanation of credit risk and the main parties involved in it. As the topic is developed it is going to be analyzed the lending process carried out by the banks as well as the quantitative and qualitative elements taken into account when taking a credit decision (The 5C’s of credit, credit scoring and models for quantification of losses for instance. Another thing to considerate is that Credit risk arises whenever a borrower is expecting to use future cash flows to pay a current debt. Also, the investors have the access for the information of a client and they are compensated for assuming credit risk by way of interest payments from the borrower or issuer of a debt obligation and the credit risk is a useful tool for the finance management. The Enterprise risk management in Peru changed in 2015 because the local regulator is in process to review the norm, including some aspects of corporate governance; these changes are not included in this research.

Tight gas sand tax credit yields opportunities

International Nuclear Information System (INIS)

Lewis, F.W.; Osburn, A.S.

1991-01-01

The U.S. Internal Revenue Service on Apr. 1, 1991, released the inflation adjustments used in the calculations of Non-Conventional Fuel Tax Credits for 1990. The inflation adjustment, 1.6730, when applied to the base price of $3/bbl of oil equivalent, adjusts the tax credit to $5.019/bbl for oil and 86.53 cents/MMBTU for gas. The conversion factor for equivalent fuels is 5.8 MMBTU/bbl. Unfortunately, the tax credit for tight formation gas continues to be unadjusted for inflation and remains 52 cents/MMBTU. As many producers are aware, the Omnibus Budget Reconciliation Act of 1990 expanded the dates of eligibility and the usage for-Non-Conventional Fuel Tax Credits. Among other provisions, eligible wells may be placed in service until Jan. 1, 1992, and once in place may utilize the credit for production through Dec. 31, 2002. Both dates are 2 year extensions from previous regulations

Credit Spreads Across the Business Cycle

DEFF Research Database (Denmark)

Nielsen, Mads Stenbo

This paper studies how corporate bond spreads vary with the business cycle. I show that both level and slope of empirical credit spread curves are correlated with the state of the economy, and I link this to variation in idiosyncratic jump risk. I develop a structural credit risk model...... that accounts for both business cycle and jump risk, and show by estimation that the model captures the counter-cyclical level and pro-cyclical slope of empirical credit spread curves. In addition, I provide a new procedure for estimation of idiosyncratic jump risk, which is consistent with observed shocks...

Prefrontal system dysfunction and credit card debt.

Science.gov (United States)

Spinella, Marcello; Yang, Bijou; Lester, David

2004-10-01

Credit card use often involves a disadvantageous allocation of finances because they allow for spending beyond means and buying on impulse. Accordingly they are associated with increased bankruptcy, anxiety, stress, and health problems. Mounting evidence from functional neuroimaging and clinical studies implicates prefrontal-subcortical systems in processing financial information. This study examined the relationship of credit card debt and executive functions using the Frontal System Behavior Scale (FRSBE). After removing the influences of demographic variables (age, sex, education, and income), credit card debt was associated with the Executive Dysfunction scale, but not the Apathy or Disinhibition scales. This suggests that processes of conceptualizing and organizing finances are most relevant to credit card debt, and implicates dorsolateral prefrontal dysfunction.

24 CFR 232.570 - Endorsement of credit instrument.

Science.gov (United States)

2010-04-01

... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Endorsement of credit instrument... of Fire Safety Equipment Eligible Security Instruments § 232.570 Endorsement of credit instrument. The Commissioner shall indicate his insurance of the loan by endorsing the credit instrument and...

26 CFR 31.3302(b)-1 - Additional credit against tax.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 15 2010-04-01 2010-04-01 false Additional credit against tax. 31.3302(b)-1... credit against tax. (a) In general. In addition to the credit against the tax allowable for contributions... credit allowable against the tax for such year shall be the aggregate of the additional credits allowable...

Dual Credit/Dual Enrollment and Data Driven Policy Implementation

Science.gov (United States)

Lichtenberger, Eric; Witt, M. Allison; Blankenberger, Bob; Franklin, Doug

2014-01-01

The use of dual credit has been expanding rapidly. Dual credit is a college course taken by a high school student for which both college and high school credit is given. Previous studies provided limited quantitative evidence that dual credit/dual enrollment is directly connected to positive student outcomes. In this study, predictive statistics…

The National Credit Act Regarding Suretyships and Reckless Lending

African Journals Online (AJOL)

In terms of the National Credit Act a credit provider may conclude a credit agreement with a consumer only after he has made a proper financial assessment and concludes that the consumer will be able to satisfy all of his obligations under all his credit agreements. However, a practice of not conducting this affordability ...

12 CFR 704.17 - State-chartered corporate credit unions.

Science.gov (United States)

2010-01-01

... provided under the laws of the state in which it was chartered. (b) A state-chartered corporate credit... 12 Banks and Banking 6 2010-01-01 2010-01-01 false State-chartered corporate credit unions. 704.17... CORPORATE CREDIT UNIONS § 704.17 State-chartered corporate credit unions. (a) This part does not expand the...

Optimal advanced credit releases in ecosystem service markets.

Science.gov (United States)

BenDor, Todd K; Guo, Tianshu; Yates, Andrew J

2014-03-01

Ecosystem service markets are popular policy tools for ecosystem protection. Advanced credit releases are an important factor affecting the supply side of ecosystem markets. Under an advanced credit release policy, regulators give ecosystem suppliers a fraction of the total ecosystem credits generated by a restoration project before it is verified that the project actually achieves the required ecological thresholds. In spite of their prominent role in ecosystem markets, there is virtually no regulatory or research literature on the proper design of advanced credit release policies. Using U.S. aquatic ecosystem markets as an example, we develop a principal-agent model of the behavior of regulators and wetland/stream mitigation bankers to determine and explore the optimal degree of advance credit release. The model highlights the tension between regulators' desire to induce market participation, while at the same time ensuring that bankers successfully complete ecological restoration. Our findings suggest several simple guidelines for strengthening advanced credit release policy.

Disposal criticality analysis methodology's principal isotope burnup credit

International Nuclear Information System (INIS)

Doering, T.W.; Thomas, D.A.

2001-01-01

This paper presents the burnup credit aspects of the United States Department of Energy Yucca Mountain Project's methodology for performing criticality analyses for commercial light-water-reactor fuel. The disposal burnup credit methodology uses a 'principal isotope' model, which takes credit for the reduced reactivity associated with the build-up of the primary principal actinides and fission products in irradiated fuel. Burnup credit is important to the disposal criticality analysis methodology and to the design of commercial fuel waste packages. The burnup credit methodology developed for disposal of irradiated commercial nuclear fuel can also be applied to storage and transportation of irradiated commercial nuclear fuel. For all applications a series of loading curves are developed using a best estimate methodology and depending on the application, an additional administrative safety margin may be applied. The burnup credit methodology better represents the 'true' reactivity of the irradiated fuel configuration, and hence the real safety margin, than do evaluations using the 'fresh fuel' assumption. (author)

Micro Credit and Gender: A Critical Assessment

Directory of Open Access Journals (Sweden)

Özlem BALKIZ

2015-12-01

Full Text Available Micro credit programs, which are based on lending money on interest and encouraging savings, have been first been used in Southern countries and are now being implemented worldwide. Mainly aimed at the rural poor, particularly poor women, micro credit programs seek to ensure sustainable economic development in line with the requirements of global capitalism and to include women in the productive activities of the market. Micro credit has been made institutionalized based on three main paradigms, namely financial sustainability, poverty alleviation and women’s empowerment. In micro credit programs, where the emphasis on women’s empowerment is strong, the lack of a social gender perspective is striking. In fact, women may face patriarchal pressure and restrictions at the start in access to loans, loan usage models, participation to the productive activities in the market and during loan repayment. Thus the allegation that by way of micro credit, women will be empowered in terms of economic, social and political means in the family and society becomes questionable. This article, by problematizing women’s relationship with micro credit, will discuss social gender relationships which prevent them from making use of these programs as they wish and from achieving the results they intend

Modelling the predictive performance of credit scoring

Directory of Open Access Journals (Sweden)

Shi-Wei Shen

2013-07-01

Research purpose: The purpose of this empirical paper was to examine the predictive performance of credit scoring systems in Taiwan. Motivation for the study: Corporate lending remains a major business line for financial institutions. However, in light of the recent global financial crises, it has become extremely important for financial institutions to implement rigorous means of assessing clients seeking access to credit facilities. Research design, approach and method: Using a data sample of 10 349 observations drawn between 1992 and 2010, logistic regression models were utilised to examine the predictive performance of credit scoring systems. Main findings: A test of Goodness of fit demonstrated that credit scoring models that incorporated the Taiwan Corporate Credit Risk Index (TCRI, micro- and also macroeconomic variables possessed greater predictive power. This suggests that macroeconomic variables do have explanatory power for default credit risk. Practical/managerial implications: The originality in the study was that three models were developed to predict corporate firms’ defaults based on different microeconomic and macroeconomic factors such as the TCRI, asset growth rates, stock index and gross domestic product. Contribution/value-add: The study utilises different goodness of fits and receiver operator characteristics during the examination of the robustness of the predictive power of these factors.

Islamic Banking Existence and Domestic Credit: Study at Seven Countries

Directory of Open Access Journals (Sweden)

Hamdan Yuafi

2017-05-01

Full Text Available This paper empirically investigates the determinants of domestic credit across a wide range of 7 countries; these are United Kingdom, Malaysia, Egypt, Kuwait, Qatar, Bahrain and Indonesia. We use dynamic panel estimation to examine effects of exchange rate, inflation, lending interest rate, banking crisis and existence of wholesale Islamic banking on domestic credit. We obtain several notable empirical results. First, the lending interest rate, banking crisis negatively and insignificantly contribute to domestic credit. The existence of Islamic bank has positive and insignificant contribution to domestic credit, while exchange rate positively and significantly contributes to domestic credit.  Inflation negatively and significantly contributes to domestic credit. Second, banking crisis and existence of wholesale Islamic banking show insignificant effect on domestic credit. Third, we find that today’s domestic credit is depended on domestic credit in the previous year.DOI: 10.15408/aiq9i2.4906

76 FR 13896 - Equal Credit Opportunity

Science.gov (United States)

2011-03-15

... creditors disclose additional information on FCRA adverse action notices. Specifically, a person must... that a creditor obtained information from a consumer reporting agency. Consistent with section 1100F of... action would need to provide a credit score and information relating to that credit score to those...

Tiebreaker: Certification and Multiple Credit Ratings

NARCIS (Netherlands)

D.G.J. Bongaerts (Dion); K.J.M. Cremers (Martijn); W.N. Goetzmann (William)

2008-01-01

textabstractAbstract: This paper explores the role played by multiple credit rating agencies (CRAs) in the market for corporate bonds. Moody’s, S&P and Fitch operate in a competitive setting with market demand for both credit information and the certification value of a high rating. We

The Credit Hour and Public Budgeting.

Science.gov (United States)

Wellman, Jane V.

2003-01-01

Discusses the ways the credit hour has come to be used by public funding systems in higher education. The literature review shows that the credit hour has become a barrier to innovation and a way to create systemic inequities between institutions or sectors in resource allocation. (SLD)

Effect of blue-green algae on soil nitrogen | Paudel | African Journal ...

African Journals Online (AJOL)

Effect of blue-green algae on soil nitrogen. ... African Journal of Biotechnology ... In paddy fields, the death of algal biomass is most frequently associated with soil dessication at the end of the cultivation cycle and algal growth has frequently resulted in a gradual build up of soil fertility with a residual effect on succeeding crop ...

To what extent does banks' credit stimulate economic growth ...

African Journals Online (AJOL)

This study examines the extent to which banks' credit affects economic growth in Nigeria. The data used was collected from the Central Bank of Nigeria statistical bulletin for a period of 24 years from 1990 to 2013. We used credit to the private sector, credit to the public sector and inflation to proxy commercial bank credit ...

26 CFR 20.2012-1 - Credit for gift tax.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 14 2010-04-01 2010-04-01 false Credit for gift tax. 20.2012-1 Section 20.2012... TAXES ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954 Credits Against Tax § 20.2012-1 Credit for gift tax. (a) In general. With respect to gifts made before 1977, a credit is allowed under...

A Political Approach of the Popular Credit: Pierre-Joseph Proudhon and the mutual credit

OpenAIRE

Cyrille Ferraton; David Vallat

2011-01-01

Pierre-Joseph Proudhon’s ideas on credit and money have been considered to be not very relevant and above all unrealistic. However, they have known an uncommon posterity. They influenced Silvio Gesell who is John Maynard Keynes’s reference. This article analyses Pierre-Joseph Proudhon’s exchange bank plan. We show that Pierre- Joseph Proudhon’s ideas on credit and money are opened to criticism but require a reexamination because we can draw many lessons from them.

26 CFR 1.50-1 - Restoration of credit.

Science.gov (United States)

2010-04-01

... Computing Credit for Investment in Certain Depreciable Property § 1.50-1 Restoration of credit. (a) In general. Section 49(a) (relating to termination of credit) does not apply to property— (1) The... new section 38 property in determining qualified investment only that portion of the basis which is...

49 CFR 260.17 - Credit risk premium analysis.

Science.gov (United States)

2010-10-01

... 49 Transportation 4 2010-10-01 2010-10-01 false Credit risk premium analysis. 260.17 Section 260... Financial Assistance § 260.17 Credit risk premium analysis. (a) When Federal appropriations are not available to cover the total subsidy cost, the Administrator will determine the Credit Risk Premium...

77 FR 8127 - Foreign Tax Credit Splitting Events

Science.gov (United States)

2012-02-14

... Tax Credit Splitting Events AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final and... affect taxpayers claiming foreign tax credits. The text of the temporary regulations also serves as the... that if there is a foreign tax credit splitting event with respect to a foreign income tax paid or...

20 CFR 601.4 - Certification for tax credit.

Science.gov (United States)

2010-04-01

... 20 Employees' Benefits 3 2010-04-01 2010-04-01 false Certification for tax credit. 601.4 Section 601.4 Employees' Benefits EMPLOYMENT AND TRAINING ADMINISTRATION, DEPARTMENT OF LABOR ADMINISTRATIVE... and Additional Tax Credit and Grant Purposes § 601.4 Certification for tax credit. (a) Within 30 days...

Nitrogen-doped porous carbon derived from biomass waste for high-performance supercapacitor.

Science.gov (United States)

Ma, Guofu; Yang, Qian; Sun, Kanjun; Peng, Hui; Ran, Feitian; Zhao, Xiaolong; Lei, Ziqiang

2015-12-01

High capacitance property and low cost are the pivotal requirements for practical application of supercapacitor. In this paper, a low cost and high capacitance property nitrogen-doped porous carbon with high specific capacitance is prepared. The as-prepared nitrogen-doped porous carbon employing potato waste residue (PWR) as the carbon source, zinc chloride (ZnCl2) as the activating agent and melamine as nitrogen doping agent. The morphology and structure of the carbon materials are studied by scanning electron microscopy (SEM), N2 adsorption/desorption, X-ray diffraction (XRD) and Raman spectra. The surface area of the nitrogen-doped carbon which prepared under 700°C is found to be 1052m(2)/g, and the specific capacitance as high as 255Fg(-1) in 2M KOH electrolyte is obtained utilize the carbon as electrode materials. The electrode materials also show excellent cyclability with 93.7% coulombic efficiency at 5Ag(-1) current density of for 5000cycles. Copyright © 2015 Elsevier Ltd. All rights reserved.

Consumer susceptibility to credit card misuse and indebtedness

OpenAIRE

Awanis, Sandra; Cui, Charles Chi

2014-01-01

Purpose – Prior research suggests that payment mechanisms are imbued with cues that affect purchase evaluation and future spending behavior. Credit cards are distinguished from other payment mechanisms as they elicit greater willingness to spend, prompt weaker recollections of past credit expenses and overvaluation of available funds – a phenomena the authors call as “credit card effect.� Little is known about the individuals’ differential exposure to the credit card effect. The pur...

Credit Risk Management in Chinese Banking Industry

OpenAIRE

Zhang, Lei

2006-01-01

Abstract Credit risk is by far the most important risk faced by banks, and it influences the bank profitability and its long-term operation significantly. Well management on credit risk can be a competitive advantage for banks in the competitive banking industry. Chinese banks suffer from serious financial fragility manifested by high proportions of NPLs and low capital adequacy ratios (Bonin and Huang, 2001). This dissertation examines the real credit performance of Chinese banks ba...

Corporate financing and anticipated credit rating changes

OpenAIRE

Hung, Chi-Hsiou D.; Banerjee, Anurag; Meng, Qingrui

2017-01-01

Firm circumstances change but rating agencies may not make timely revisions to their\\ud ratings, increasing information asymmetry between firms and the market. We examine\\ud whether firms time the securities market before a credit rating agency publicly reveals\\ud its decision to downgrade a firm's credit rating. Using quarterly data, we show that\\ud firms adjust their financing structures before credit rating downgrades are publicly\\ud revealed. More specifically, firms on average increase t...

Credit Constraints, Political Instability, and Capital Accumulation

OpenAIRE

Risto Herrala; Rima Turk-Ariss

2013-01-01

We investigate the complex interactions between credit constraints, political instability, and capital accumulation using a novel approach based on Kiyotaki and Moore’s (1997) theoretical framework. Drawing on a unique firm-level data set from Middle-East and North Africa (MENA), empirical findings point to a large and significant effect of credit conditions on capital accumulation and suggest that continued political unrest worsens credit constraints. The results support the view that financ...

Transposition of the Mortgage Credit Directive into Hungarian and Czech law – The Problem of Credit Intermediaries

Czech Academy of Sciences Publication Activity Database

Simon, Rita

2017-01-01

Roč. 6, č. 3 (2017), s. 106-112 ISSN 2364-4710 Institutional support: RVO:68378122 Keywords : mortgage credit directive * consumer protection * credit intermediaries Subject RIV: AG - Legal Sciences OBOR OECD: Law https://www.kluwerlawonline.com/abstract.php?area=Journals&id=EuCML2017025

75 FR 81378 - Fiduciary Duties at Federal Credit Unions; Mergers and Conversions of Insured Credit Unions

Science.gov (United States)

2010-12-28

... NCUA's neutrality in the final rule and has made this change. A commenter also suggested including this..., where the net worth ratio of the merging credit union exceeds the net worth ratio of the continuing... are entitled to the net worth of a merging credit union. The NCUA Board disagrees. As discussed in the...

Burnup credit activities being conducted in the United States

International Nuclear Information System (INIS)

Lake, W.

1998-01-01

The paper describes burnup credit activities being conducted in the U.S. where burnup credit is either being used or being planned to be used for storage, transport, and disposal of spent nuclear fuel. Currently approved uses of burnup credit are for wet storage of PWR fuel. For dry storage of spent PWR fuel, burnup credit is used to supplement a principle of moderator exclusion. These storage applications have been pursued by the private sector. The Department of Energy (DOE) which is an organization of the U.S. Federal government is seeking approval for burnup credit for transport and disposal applications. For transport of spent fuel, regulatory review of an actinide-only PWR burnup credit method is now being conducted. A request by DOE for regulatory review of actinide and fission product burnup credit for disposal of spent BWR and PWR fuel is scheduled to occur in 1998. (author)

Capital Requirements and Credit Rationing

OpenAIRE

Itai Agur

2010-01-01

This paper analyzes the trade-off between financial stability and credit rationing that arises when increasing capital requirements. It extends the Stiglitz-Weiss model of credit rationing to allow for bank default. Bank capital structure then matters for lending incentives. With default and rationing endogenous, optimal capital requirements can be analyzed. Introducing bank financiers, the paper also shows that uninsured funding raises the sensitivity of rationing to capital requirements. In...

The cost of anchoring on credit-card minimum repayments

OpenAIRE

Stewart, Neil

2009-01-01

About three quarters of credit card accounts attract interest charges. In the US, credit card debt is $951.7 billion of a total of $2,539.7 billion of consumer credit. In the UK, credit card debt is £55.1 billion of £174.4 billion of consumer credit. The 2005 US Bankruptcy Abuse Prevention and Consumer Protection Act and the 2003 UK Treasury Select Committee's report require lenders to collect a minimum payment of at least the interest accrued each month. Thus people are protected from the ef...

26 CFR 1.1502-3 - Consolidated tax credits.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 12 2010-04-01 2010-04-01 false Consolidated tax credits. 1.1502-3 Section 1... (CONTINUED) INCOME TAXES Consolidated Tax Liability § 1.1502-3 Consolidated tax credits. (a) Determination of...) Consolidated limitation based on amount of tax. (i) Notwithstanding the amount of the consolidated credit...

7 CFR 1980.308 - Full faith and credit.

Science.gov (United States)

2010-01-01

... 7 Agriculture 14 2010-01-01 2009-01-01 true Full faith and credit. 1980.308 Section 1980.308...) PROGRAM REGULATIONS (CONTINUED) GENERAL Rural Housing Loans § 1980.308 Full faith and credit. The loan note guarantee constitutes an obligation supported by the full faith and credit of the United States...

40 CFR 80.315 - How are credits used and what are the limitations on credit use?

Science.gov (United States)

2010-07-01

... indicating the years the credits were generated, the identity of the refiner or importer who generated the credits, and the identity of the transferring party, if it is not the same party that generated the... corporate pool average standards under § 80.195. [65 FR 6823, Feb. 10, 2000, as amended at 67 FR 40184, June...

The Role of Credit in Predicting US Recessions

DEFF Research Database (Denmark)

Pönkä, Harri

are useful predictors of US recessions over and above the control variables both in and out of sample. Especially the excess bond premium, capturing the cyclical changes in the relationship between default risk and credit spreads, is found to be a powerful predictor. Overall, models that combine credit......We study the role of credit in forecasting US recession periods with probit models. We employ both classical recession predictors and common factors based on a large panel of financial and macroeconomic variables as control variables. Our findings suggest that a number of credit variables...

Status of burnup credit implementation in Switzerland

International Nuclear Information System (INIS)

Grimm, P.

1998-01-01

Burnup credit is currently not used for the storage of spent fuel in the reactor pools in Switzerland, but credit is taken for integral burnable absorbers. Interest exists to take credit of burnup in future for the storage in a central away-from-reactor facility presently under construction. For spent fuel transports to foreign reprocessing plants the regulations of the receiving countries must be applied in addition to the Swiss licensing criteria. Burnup credit has been applied by one Swiss PWR utility for such transports in a consistent manner with the licensing practice in the receiving countries. Measurements of reactivity worths of small spent fuel samples in a Swiss zero-power research reactor are at an early stage of planning. (author)

12 CFR 614.4810 - Standby letters of credit.

Science.gov (United States)

2010-01-01

... party in the performance of an obligation. (b) As a matter of sound banking practice, banks for... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Standby letters of credit. 614.4810 Section 614.4810 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Banks...

How To Be...Credit Smart. "Straight Talk" Series.

Science.gov (United States)

American Financial Services Association, Washington, DC. Consumer Credit Education Foundation.

Designed for first-time borrowers, this pamphlet describes the basics of credit as a part of personal financial planning. Following a self-quiz (with answers) that tests the reader's knowledge of credit, the pamphlet provides guidelines for responsible credit use and outlines steps to take if debt problems occur. Topics covered include the…

12 CFR 932.4 - Credit risk capital requirement.

Science.gov (United States)

2010-01-01

... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Credit risk capital requirement. 932.4 Section... CAPITAL STANDARDS FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS § 932.4 Credit risk capital requirement. (a) General requirement. Each Bank's credit risk capital requirement shall be equal to the sum of the Bank's...

17 CFR 256.411.5 - Investment tax credit.

Science.gov (United States)

2010-04-01

... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Investment tax credit. 256.411... HOLDING COMPANY ACT OF 1935 Income and Expense Accounts § 256.411.5 Investment tax credit. (a) This account shall be debited with the amounts of investment tax credits related to service company property...

7 CFR 3575.3 - Full faith and credit.

Science.gov (United States)

2010-01-01

... 7 Agriculture 15 2010-01-01 2010-01-01 false Full faith and credit. 3575.3 Section 3575.3... AGRICULTURE GENERAL Community Programs Guaranteed Loans § 3575.3 Full faith and credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United States and is not...

7 CFR 762.103 - Full faith and credit.

Science.gov (United States)

2010-01-01

... 7 Agriculture 7 2010-01-01 2010-01-01 false Full faith and credit. 762.103 Section 762.103... AGRICULTURE SPECIAL PROGRAMS GUARANTEED FARM LOANS § 762.103 Full faith and credit. (a) Fraud and misrepresentation. The loan guarantee constitutes an obligation supported by the full faith and credit of the United...

7 CFR 1779.3 - Full faith and credit.

Science.gov (United States)

2010-01-01

... 7 Agriculture 12 2010-01-01 2010-01-01 false Full faith and credit. 1779.3 Section 1779.3... AGRICULTURE (CONTINUED) WATER AND WASTE DISPOSAL PROGRAMS GUARANTEED LOANS § 1779.3 Full faith and credit. The Loan Note Guarantee constitutes an obligation supported by the full faith and credit of the United...

Monetary policy and credit conditions: new evidence.

OpenAIRE

Steven Ongena

1995-01-01

A number of recent papers seek to distinguish between "money" and "credit" theories of the transmission of monetary disturbances using asymmetric information arguments. In credit models money causes output not only through the real interest rate but also through the availability of bank credit. The research described in this paper extends the work of Kashyap, Stein and Wilcox (1993) who construct a model that incorporates a relationship benefit to bank borrowing and then test the implications...

Burnup credit activities in the United States

International Nuclear Information System (INIS)

Lake, W.H.; Thomas, D.A.; Doering, T.W.

2001-01-01

This report covers progress in burnup credit activities that have occurred in the United States of America (USA) since the International Atomic Energy Agency's (IAEA's) Advisory Group Meeting (AGM) on Burnup Credit was convened in October 1997. The Proceeding of the AGM were issued in April 1998 (IAEA-TECDOC-1013, April 1998). The three applications of the use of burnup credit that are discussed in this report are spent fuel storage, spent fuel transportation, and spent fuel disposal. (author)

Portfolio Optimization for Multiple Group Credit Unions

National Research Council Canada - National Science Library

Willis, John

1999-01-01

...) to diversify, credit unions now have the opportunity to market their services to specific employee groups or industries which can reduce the overall risk to the credit unions' health or solvency...

CREDIT RISK MANAGEMENT IN THE COMMERCIAL BANKS IN ROMANIA

Directory of Open Access Journals (Sweden)

Mihaela SUDACEVSCHI

2014-04-01

Full Text Available Credit risk is one of the main risks faced by a bank. This kind of risk is generated by the crediting activity of the clients. To manage the credit risk, banks should identify the sources of the risk and to monitor their exposures. These activities mean a better knowledge of the existing and potential clients and their financial situations, by implementing new scoring methods. Also, to avoid the credit risk or to reduce losses, the banks could increase the value of guarantees required in regular credit activities, their periodically reassessment and the periodical analysis of the ability of customers to generate cash flows (for corporate clients and get constant income (for retail customers to provide repayment of credits. This paper aims to prevent and to analyze several measures of credit risk management and it assume that banks on the Romanian banking market and to identify some indices used for customers analysis.

The capacity credit of micro-combined heat and power

International Nuclear Information System (INIS)

Hawkes, A.D.; Leach, M.A.

2008-01-01

This article is concerned with development of a methodology to determine the capacity credit of micro-combined heat and power (micro-CHP), and application of the method for the UK. Capacity credit is an important parameter in electricity system planning because it measures the amount of conventional generation that would be displaced by an alternative technology. Firstly, a mathematical formulation is presented. Capacity credit is then calculated for three types of micro-CHP units-Stirling engine, internal combustion engine, and fuel cell systems-operating under various control strategies. It is found that low heat-to-power ratio fuel cell technologies achieve the highest capacity credit of approximately 85% for a 1.1 GW penetration when a heat-led control strategy is applied. Higher heat-to-power ratio Stirling engine technology achieves approximately 33% capacity credit for heat-led operation. Low heat-to-power ratio technologies achieve higher capacity credit because they are able to continue operating even when heat demand is relatively low. Capacity credit diminishes as penetration of the technology increases. Overall, the high capacity credit of micro-CHP contributes to the viewpoint that the technology can help meet a number of economic and environmental energy policy aims

Tiebreaker: Certification and multiple credit ratings

NARCIS (Netherlands)

Bongaerts, D.; Cremers, K.J.M.; Goetzmann, W.

2009-01-01

This paper explores the role played by multiple credit rating agencies (CRAs) in the market for corporate bonds. Moody’s, S&P and Fitch operate in a competitive setting with market demand for both credit information and the certification value of a high rating. We empirically document the outcome of

Effects of cover crops on the nitrogen fluxes in a silage maize production system

NARCIS (Netherlands)

Schröder, J.J.; Dijk, van W.; Groot, de W.J.M.

1996-01-01

Rye and grass cover crops can potentially intercept residual soil mineral nitrogen (SMN), reduce overwinter leaching, transfer SMN to next growing seasons and reduce the fertilizer need of subsequent crops. These aspects were studied for 6 years in continuous silage maize cv. LG 2080 production

Formal and Informal Rural Credit in Four Provinces of Vietnam

DEFF Research Database (Denmark)

Barslund, Mikkel Christoffer; Tarp, Finn

This paper uses a survey of 932 rural households to uncover how the rural credit market operates in four provinces of Vietnam. Households obtain credit through formal and informal lenders. Formal loans are almost entirely for production and asset accumulation, while informal loans are used...... for consumption smoothening. Interest rates fell from 1997 to 2002, reflecting increased market integration. Moreover, the determinants of formal and informal credit demand are distinct. While credit rationing depends on education and credit history, in particular, regional differences in the demand for credit...

7 CFR 1738.31 - Full faith and credit.

Science.gov (United States)

2010-01-01

... 7 Agriculture 11 2010-01-01 2010-01-01 false Full faith and credit. 1738.31 Section 1738.31... AGRICULTURE RURAL BROADBAND ACCESS LOANS AND LOAN GUARANTEES Types of Loans § 1738.31 Full faith and credit. Loan guarantees made under this part are supported by the full faith and credit of the United States. ...

Monetary Policies And Credit Financing As Factors In Agricultural ...

African Journals Online (AJOL)

Global Journal of Agricultural Sciences ... cheap interest rate polices has negative effect on credit supply while policies associated with plough ... credit was influenced mainly by the availability of credit subsidies and availability of guarantees.

ENHANCEMENT OF THE CREDIT GRANTING SYSTEM OF AGRICULTURAL PRODUCERS

Directory of Open Access Journals (Sweden)

Yuliya Evgenievna Klishina

2015-08-01

Full Text Available The credit granting system of agricultural enterprises which developed now doesn’t promote development of agricultural production in spite of the facts that are accepted and are financed by the state of the development program of agrarian and industrial complex in various directions. Financial credit relations in the sphere of agrarian and industrial complex are in a stage of formation and have no system nature, in them features of agricultural production are insufficiently considered.In article the directions of development of credit support of agricultural industry, participation of the state in system of agricultural crediting are considered, offers on forming of a three-level credit granting system of agricultural industry which is urged to provide availability of credit resources to all categories of agricultural producers are made.

76 FR 41590 - Equal Credit Opportunity

Science.gov (United States)

2011-07-15

... discriminate in any aspect of a credit transaction on the basis of sex, race, color, religion, national origin... with questions about their credit score, even if creditors are not in a position to answer those... best position to identify the key factors that affected the score, and the creditor could rely on that...

Credit Ratings and Bank Monitoring Ability

NARCIS (Netherlands)

Nakamura, L.I.; Roszbach, K.

2010-01-01

In this paper we use credit rating data from two Swedish banks to elicit evidence on these banks’ loan monitoring ability. We do so by comparing the ability of bank ratings to predict loan defaults relative to that of public ratings from the Swedish credit bureau. We test the banks’ abilility to

Multiple Layers of Credit and Mortgage Crises

OpenAIRE

Paula Hernandez-Verme

2011-01-01

I examine a production economy with a financial sector that contains multiple layers of credit. Such layers are designed to constitute credit chains which are inclusive of a simple mortgage market. The focus is on the nature and contagion properties of credit chains in an economy where the financial sector plays a real allocative role and agents have a nontrivial choice of whether to default on mortgages or not. Multiple equilibria with different rates of default are observed, due to the pres...

Credit Card Attitudes and Behaviors of College Students

Science.gov (United States)

Joo, S.-H.; Grable, J. E.; Bagwell, D. C.

2005-01-01

At a southwestern public university, 242 students responded to a questionnaire about their credit-card use and attitudes. The results revealed that about 70 percent of the students held one or more credit cards, and about 10 percent had five or more credit cards. Twenty-two percent never kept copies of their charge slips, and only 49 percent paid…

5 CFR 1315.13 - Commodity Credit Corporation payments.

Science.gov (United States)

2010-01-01

... 5 Administrative Personnel 3 2010-01-01 2010-01-01 false Commodity Credit Corporation payments... PAYMENT § 1315.13 Commodity Credit Corporation payments. As provided in § 1315.1(d), the provisions of... Credit Corporation (CCC) pursuant to Section 4(h) of the Act of June 29, 1948 (15 U.S.C. 714b(h)) (“CCC...

The impact of the credit legislation on consumers

Directory of Open Access Journals (Sweden)

Hlako Choma

2016-12-01

Full Text Available The purpose of this paper is to examine two South Africa legislations dealing with over indebtedness of a consumer. It is clear that in terms of the South African law, section 129 (1 and 130 (3 of the National Credit Act provide that a creditor provider who wishes to enforce a debt under a credit agreement must first issue a section 129 (1 (a notice to the consumer (the purpose of the notice is to notify the consumer of his/her arrears. On the other hand, the South African National Credit Act encourages the consumers to fulfil the financial obligations for which they are responsible. The second legislation to be examined which serve or appear to serve same purpose as the National Credit Act is the Insolvency Act. It therefore, postulated that the compulsory sequestration of a consumer in terms of the Insolvency Act would stand as an alternative remedy for a credit provider before she/he can have recourse mechanisms, such as debt review that are focused on satisfaction of the consumer’s financial obligation , in terms of the provisions of the National Credit Act. The paper determines to what extend these measures comply with the constitutional consumer protection demands. The legislature had been pertinently cognizant of the Insolvency Act when it lately enacted the National Credit Act. This is much apparent from the express amendment of section 84 of the Insolvency Act to the extent set out in schedule 2 of the National Credit Act

British and American attitudes toward credit cards.

Science.gov (United States)

Yang, Bijou; James, Simon; Lester, David

2006-04-01

American university students owned more than twice as many credit cards as British university students. However, scores on a credit card attitude scale predicted the number of cards owned by respondents in both countries.

76 FR 34985 - Farm Credit System Insurance Corporation Board Meeting

Science.gov (United States)

2011-06-15

... FARM CREDIT SYSTEM INSURANCE CORPORATION Farm Credit System Insurance Corporation Board Meeting AGENCY: Farm Credit System Insurance Corporation. SUMMARY: Notice is hereby given of the regular meeting of the Farm Credit System Insurance Corporation Board (Board). Date and Time: The meeting of the...

Retailer's optimal credit period and cycle time in a supply chain for deteriorating items with up-stream and down-stream trade credits

Science.gov (United States)

Mahata, Gour Chandra

2015-09-01

In practice, the supplier often offers the retailers a trade credit period and the retailer in turn provides a trade credit period to her/his customer to stimulate sales and reduce inventory. From the retailer's perspective, granting trade credit not only increases sales and revenue but also increases opportunity cost (i.e., the capital opportunity loss during credit period) and default risk (i.e., the percentage that the customer will not be able to pay off his/her debt obligations). Hence, how to determine credit period is increasingly recognized as an important strategy to increase retailer's profitability. Also, the selling items such as fruits, fresh fishes, gasoline, photographic films, pharmaceuticals and volatile liquids deteriorate continuously due to evaporation, obsolescence and spoilage. In this paper, we propose an economic order quantity model for the retailer where (1) the supplier provides an up-stream trade credit and the retailer also offers a down-stream trade credit, (2) the retailer's down-stream trade credit to the buyer not only increases sales and revenue but also opportunity cost and default risk, and (3) the selling items are perishable. Under these conditions, we model the retailer's inventory system as a profit maximization problem to determine the retailer's optimal replenishment decisions under the supply chain management. We then show that the retailer's optimal credit period and cycle time not only exist but also are unique. We deduce some previously published results of other researchers as special cases. Finally, we use some numerical examples to illustrate the theoretical results.

The market for tradable renewable energy credits

International Nuclear Information System (INIS)

Berry, David

2002-01-01

As states seek to foster the development of renewable energy resources, some have introduced renewable portfolio standards (RPSs) which require retailers of electricity to derive a specified amount of their energy supply from renewable energy resources. RPSs in Texas, Arizona, Wisconsin and Nevada allow for or require the use of tradable renewable energy credits. The price of such credits is expected to reflect the cost premium for generating electricity from renewable resources relative to the market price of conventionally generated electricity. Using the market to trade renewable energy credits exposes buyers and sellers to risks of imperfect information, poor performance, and opportunism. These risks can be managed through contractual arrangements and regulatory requirements pertaining to property rights in credits, pricing, term of the contract, and assurance of performance

Labelled compounds for agrochemical residue studies in developing countries

International Nuclear Information System (INIS)

1977-01-01

Potential applications of stable and radioactive isotopic tracers for assessing undesirable contaminants in agriculture, fisheries and food are discussed as related to developing countries. Sources and types of residues are considered, and their local implications; also, the availability of suitably labelled compounds, including possible international cooperation to facilitate more centralized and economic preparation, and the distribution of labelled intermediates and compounds for use by local scientists. The provision of training courses and their syllabus are reviewed. Experience in the Joint FAO/IAEA chemical residue and pollution programme has indicated a need for longer-lived radioisotopically labelled pesticides (insecticides, acaricides, fungicides, herbicides, fumigants, etc.) for studying their behaviour. 15 N-, 13 C- or 2 H-labelled fertilizers and fertilizer additives such as nitrification inhibitors will shortly be needed, for studying the behaviour of fertilizer nitrogen residues, and their regulation and conservation, under conditions prevailing in the developing countries. Compounds labelled with stable isotopes are considered particularly valuable under field conditions. The report reviews the present situation and presents specific recommendations to the Directors General of FAO and IAEA

Residue studies of Methabenzthiazuron in Soil, Lentils and Hay

International Nuclear Information System (INIS)

Al-Maghrabi, K.I.

2002-01-01

Over two years, replicate plots of lentils (Lens culinaris L.) were treated before seeding with methabenzthiazuron at a rate of 0.5 kg a.i. ha-1. In each year representative soil, lentil and hay samples were randomly collected from plots of each treatment. Soil samples were tested for residues 24 hours after treatment and harvest. Lentil and hay samples were tested at harvest. A cleanup step was conducted after extraction. Gas chromatograph equipped with a nitrogen/phosphorus detector was used to detect methabenzthiazuron. Overall average of residue levels in soil decreased significantly from 1.16+-0.15 mg kg, 24 hours after treatment, 0.12 +-0.01 mg kg at harvest. No significant difference in the maximum average residue was found in lentil and hay samples collected from various plots and tested at harvest (0.10+-0.01 and 0.19 +-0.02 mg kg in lentils and hay, respectively). Recovery tests were conducted with each group of samples tested in order to determine the efficiency of analytical procedure. (author)

Probabilistic assessment of dry transport with burnup credit

International Nuclear Information System (INIS)

Lake, W.H.

2003-01-01

The general concept of probabilistic analysis and its application to the use of burnup credit in spent fuel transport is explored. Discussion of the probabilistic analysis method is presented. The concepts of risk and its perception are introduced, and models are suggested for performing probability and risk estimates. The general probabilistic models are used for evaluating the application of burnup credit for dry spent nuclear fuel transport. Two basic cases are considered. The first addresses the question of the relative likelihood of exceeding an established criticality safety limit with and without burnup credit. The second examines the effect of using burnup credit on the overall risk for dry spent fuel transport. Using reasoned arguments and related failure probability and consequence data analysis is performed to estimate the risks of using burnup credit for dry transport of spent nuclear fuel. (author)

Pricing Chinese Convertible Bonds with Dynamic Credit Risk

Directory of Open Access Journals (Sweden)

Ping Li

2014-01-01

Full Text Available To price convertible bonds more precisely, least squares Monte Carlo (LSM method is used in this paper for its advantage in handling the dependence of derivatives on the path, and dynamic credit risk is used to replace the fixed one to make the value of convertible bonds reflect the real credit risk. In the empirical study, we price convertible bonds based on static credit risk and dynamic credit risk, respectively. Empirical results indicate that the ICBC convertible bond has been overpriced, resulting from the underestimation of credit risk. In addition, when there is an issue of dividend, the conversion price will change in China's convertible bonds, while it does not change in the international convertible bonds. So we also empirically study the difference between the convertible bond's prices by assuming whether the conversion price changes or not.

monetary policies and credit financing as factors in agricultural ...

African Journals Online (AJOL)

controls the supply of money. This assumes the ... input supply, marketing services and of course credit supply. Provision of ... credit in state, assess the impact of credit on agricultural ..... Inflation targeting be a framework for monetary policy.

Trade Credit and Informational Asymmetry.

OpenAIRE

Smith, Janet Kiholm

1987-01-01

Commonly used trade credit terms implicitly define a high interest rate that operates as an efficient screening device where information about buyer default risk is asymmetrically held. By offering trade credit, a seller can identify prospective defaults more quickl y than if financial institutions were the sole providers of short-ter m financing. The information is valuable in cases where a seller has made nonsalvageable investments in buyers since it enables the seller to take actions to pr...

Credit Stagnation in Latin America

OpenAIRE

Adolfo Barajas; Roberto Steiner

2002-01-01

This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the study of eight countries (Argentina, Bolivia, Brazil, Chile, Colombia, Peru, Mexico, and Venezuela), the magnitude of the slowdown is documented, comparing it to historical behavior and to slowdown episodes in other regions of the world. Second, changes in bank balance sheets are examined to determine whether the credit slowdown is merely a reflection of a slowdown in bank deposi...

Mobis HRH process residue hydroconversion using a recoverable nano-catalyst

Energy Technology Data Exchange (ETDEWEB)

Romocki, S.; Rhodey, G. [Mobis Energy Inc., Calgary, AB (Canada)

2009-07-01

This presentation described a newly developed pseudo-homogeneous catalyst (PHC) for hydroconversion of heavy hydrocarbon feeds with high levels of sulphur, nitrogen, resins, asphaltenes and metals. An active catalyst is formed in the reaction system, consisting of particles that are 2-9 nm in size and whose properties resemble those of a colloid solution at both room and reaction temperature. Residue processing with this pseudo-homogeneous catalyst system results in better cracking and hydrogenation at lower process severity. The PHC system in heavy residue hydroconversion (HRH) process achieves up to 95 per cent residue conversion at pressures below 7.3 MPa, reaction temperatures between 400 to 460 degrees C, and with feed space velocity between 1 to 2 per hour, thus rendering the PHC catalyst system suitable for deep conversion of hydrocarbon residues. As much as 95 per cent of the catalyst can be recovered and regenerated within the process. Pilot plants are in operation for the hydroconversion of Athabasca vacuum bottoms using this technology. The use of the HRH process in oilsands and refinery operations were discussed along with comparative yields and economics. tabs., figs.

Emissions credits from natural gas vehicles

International Nuclear Information System (INIS)

Anderson, J.F.; Kodjak, D.

1997-01-01

Dedicated natural gas vehicles (NGVs) often are capable of testing to lower than federally required engine certification standards. NGVs often meet inherently low emission vehicle (ILEV) and ultra low emission vehicle (ULEV) standards. Over the useful life of the vehicle, a significant amount of mobile source emission reduction credits (MSERCs) can be generated. This paper will discuss key elements of establishing a workable methodology to quantify the emissions benefits generated through the purchase and use of heavy-duty natural gas vehicles instead of heavy-duty diesel vehicles. The paper will focus on a public fleet of transit buses owned by the Massachusetts Bay Transit Agency, the Massachusetts Port Authority, and a private fleet of waste haulers. Public fleets may generate emission credits as a key compliance option to offset emission shortfalls from changes to the Employee Commute Options (ECO) program, the Inspection and Maintenance program, and facilitate annual surface transportation conformity. Private fleets may generate emission credits for open market trading to area and stationary sources seeking to buy credits from mobile sources, where allowed by EPA and state policy

Fish marketing and credit in Viet Nam

National Research Council Canada - National Science Library

Lem, Audun

2004-01-01

.... State-owned financial institutions play a major role in financing capital expenditure while working capital requirements are mainly met by informal sources of credit. However, future investment requirements and credit needs are greater than currently available.

Credit risk in liberalised power and natural gas markets

International Nuclear Information System (INIS)

Lapson, E.; Hunter, Richard

1999-01-01

This chapter examines the relationship of market structure and price volatility to credit risk, and discusses credit risk and energy market structures, credit risk in bilateral contracts, market evolution, and the effect of liberalising power markets on credit quality considering the power liberalising in Europe, the pace of change, and the new risks and opportunities. The market structure in Europe is addressed, and the EU Directive 96/92/EC, structural requirements, access for new generation capacity, and transmission costs are considered. Details of the liberalisation in the UK electricity market, the German market, and the Nord Pool are given, and the best credit practices in bilateral markets, and the quantifying of expected credit loss are described. Panels highlighting the need to know your counterparty in evaluating and negotiating bilateral contracts, and lessons learnt from the June 1998 US power price spike are presented

Implementation of burnup credit in spent fuel management systems

International Nuclear Information System (INIS)

Dyck, H.P.

2001-01-01

Improved calculational methods allow one to take credit for the reactivity reduction associated with fuel burnup. This means reducing the analysis conservatism while maintaining an adequate safety margin. The motivation for using burnup credit in criticality safety applications is based on economic considerations and additional benefits contributing to public health and safety and resource conservation. Interest in the implementation of burnup credit has been shown by many countries. In 1997, the International Atomic Energy Agency (IAEA) started a task to monitor the implementation of burnup credit in spent fuel management systems, to provide a forum to exchange information, to discuss the matter and to gather and disseminate information on the status of national practices of burnup credit implementation in the Member States. The task addresses current and future aspects of burnup credit. This task was continued during the following years. (author)

13 CFR 120.333 - Are there any special credit criteria?

Science.gov (United States)

2010-01-01

... addition to regular credit evaluation criteria, SBA shall weigh the greater risk associated with energy... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Are there any special credit criteria? 120.333 Section 120.333 Business Credit and Assistance SMALL BUSINESS ADMINISTRATION BUSINESS...

Estratégias de amostragem para determinação do nitrato residual no solo após o cultivo do tomateiro adubado em sulcos = Sampling strategies for determining residual nitrate soil levels after growing tomatoes in fertilized furrows

Directory of Open Access Journals (Sweden)

Charles de Araújo

2010-07-01

Full Text Available O efeito de diferentes critérios para o manejo da adubação nitrogenada e do posicionamento de amostragem para a quantificação do N-NO3 residual no solo foi determinado após o cultivo do tomateiro adubado por sulcos. Dois experimentos foram conduzidos, no campo sem proteção, com aplicação de adubo sólido e irrigação por sulcos. Em cada experimento, os tratamentos foram arranjados em parcela subdivida, com dez critérios para o manejo da adubação nitrogenada na parcela e posições de amostragem do solo na subparcela. Esses foram arranjados no delineamento experimental de blocos ao acaso. Foi determinado o teor de N-NO3 no solo de amostras retiradas no final do ciclo de cada experimento, em diferentes posições. Em todos os experimentos o teor de N-NO3 residual no solo foi proporcional àquantidade de N aplicada nos diferentes critérios. Em condições de campo sem proteção e fertilizante nitrogenado aplicado em sulco, a melhor estratégia de amostragem do solo para a determinação do teor de N-NO3 residual foi obtida pela utilização de amostra composta tomada em posições sobre o sulco e entre o sulco e as plantas.Management of nitrogen fertilizer programs and sampling strategies to determine the levels of N-NO3 in the soil after growing tomatoes in fertilized furrows were studied. Two groups were studied, one without protection and another grown in an irrigated furrow in which a solid nitrogen fertilizer had been applied. In each plot, 10 treatments or criteria were evaluated. In each experiment, the treatments were arranged in a split-plot design, with 10 different nitrogen fertilizer conditions as the main treatment and soil sampling positions in a split-plot treatment. The sampling positions were arranged in a randomized complete block design. Soil N-NO3 levels were determined at the end of each sampling cycle. In all groups, residual soil N-NO3 levels were proportional to the amount of N applied. In fields without

Effects of substrate type on plant growth and nitrogen and nitrate concentration in spinach

Science.gov (United States)

The effects of three commercial substrates (a mixture of forest residues, composted grape husks, and white peat; black peat; and coir) on plant growth and nitrogen (N) and nitrate (NO3) concentration and content were evaluated in spinach (Spinacia oleracea L. cv. Tapir). Spinach seedlings were trans...

Liquid oil and residual characteristics of printed circuit board recycle by pyrolysis

Energy Technology Data Exchange (ETDEWEB)

Lin, Kuo-Hsiung [Department of Environmental Engineering and Science, Fooyin University, Kaohsiung, Taiwan (China); Chiang, Hung-Lung, E-mail: hlchiang@mail.cmu.edu.tw [Department of Health Risk Management, China Medical University, Taichung, Taiwan (China)

2014-04-01

Highlights: • Pyrolysis is a technology for recycling of the non-metal fraction of PCBs. • Liquid product constituents were analyzed for PCB pyrolysis. • Water-soluble ionic species were determined for PCB pyrolysis exhaust. - Abstract: Non-metal fractions of waste printed circuit boards (PCBs) were thermally treated (200–500 °C) under nitrogen atmosphere. Carbon, hydrogen, and nitrogen were determined by elemental analyzer, bromine by instrumental neutron activation analysis (INAA), phosphorus by energy dispersive X-ray spectrometer (EDX), and 29 trace elements by inductively coupled plasma atomic emission spectrometer (ICP-AES) and mass spectrometry (ICP-MS) for raw material and pyrolysis residues. Organic compositions of liquid oil were identified by GC (gas chromatography)–MS, trace element composition by ICP system, and 12 water-soluble ions by IC (ionic chromatography). Elemental content of carbon was >450 mg/g, oxygen 300 mg/g, bromine and hydrogen 60 mg/g, nitrogen 30 mg/g, and phosphorus 28 mg/g. Sulfur was trace in PCBs. Copper content was 25–28 mg/g, iron 1.3–1.7 mg/g, tin 0.8–1.0 mg/g and magnesium 0.4–1.0 mg/g; those were the main metals in the raw materials and pyrolytic residues. In the liquid products, carbon content was 68–73%, hydrogen was 10–14%, nitrogen was 4–5%, and sulfur was less than 0.05% at pyrolysis temperatures from 300 to 500 °C. Phenol, 3-bromophenol, 2-methylphenol and 4-propan-2-ylphenol were major species in liquid products, accounting for >50% of analyzed organic species. Bromides, ammonium and phosphate were the main species in water sorption samples for PCB pyrolysis exhaust.

Residual stress in ion implanted titanium nitride studied by parallel beam glancing incidence x-ray diffraction

International Nuclear Information System (INIS)

Geist, D.E.; Perry, A.J.; Treglio, J.R.; Valvoda, V.; Rafaja, D.

1995-01-01

Ion implantation is known to increase the lifetime of cutting tools. Current theories are the increase in lifetime is caused by an increase in the residual stress, or by work hardening of the surface associated with the implantation. In this work the effect of ion implantation on the residual stress in titanium nitride coatings made by the standard industrial methods of chemical and physical vapor deposition (CVD and PVD) is studied. It is found in the as-received condition (unimplanted), the residual stress levels are near zero for CVD materials and highly compressive, of the order of 6 GPa, for PVD materials. Ion implantation has no effect on the residual stress in the coatings made by CVD. Nitrogen does increase the compressive residual stress by some 10% in the near surface regions of PVD coatings, while nickel-titanium dual metal ion implantation does not have any effect. It appears that the lifetime increase is not associated with residual stress effects

Potentials in Asian Export Credit Cooperation

Institute of Scientific and Technical Information of China (English)

无

2004-01-01

"Mekong River Regional Development Project advocated by Asian Development Bank (ADB) has been implemented. Trans-Asia Railway and Trans-Asia Highway are being discussed. It is a good opportunity for Asian Export Credit Agencies (ECAs) to cooperate and financing these large crossboarder projects."On May 11, at the 10th Annual Meeting of Asian Export Credit Agencies,

Compulsive buying and credit card misuse among credit card holders: The roles of self-esteem, materialism, impulsive buying and budget constraint

Directory of Open Access Journals (Sweden)

Nor Asiah Omar

2014-02-01

Full Text Available Purpose: This study aims to examine the factors that influence credit card misuse among working adults in Klang Valley, Malaysia. The relationship among self-esteem, materialism, impulsive buying, budget constraint, compulsive buying and credit card misuse are explored in this study. Design/methodology/approach: A total of 186 questionnaires was collected via convenience sampling from credit card users of working adults in Malaysia. A structural equation model that assesses the relationship between the proposed variables is tested using AMOS 20. Findings: The findings reveal that budget constraints, impulsive buying and materialism have a statistically significant influence on compulsive buying. In terms of credit card misuse, it is influenced negatively by self-esteem while positively by compulsive buying. Originality/value: Despite vast research on compulsive buying and credit card misuse, very few studies have examined it in the non-Western context.

Burnup credit for storage and transportation casks

International Nuclear Information System (INIS)

Wells, A.H.

1988-01-01

The application of burnup credit to storage and transportation cask licensing results in a significant improvement in cask capacity and an associated reduction of the cost per kilogram of uranium in the cask contents. The issues for licensing with burnup credit deal primarily with the treatment of fission product poisons and methods of verification of burnup during cask operations. Other issues include benchmarking of cross-section sets and codes and the effect of spatial variation of burnup within an assembly. The licensing of burnup credit for casks will be complex, although the criticality calculations are not themselves difficult. Attention should be directed to the use of fission product poisons and the uncertainties that they introduce. Verification of burnup by measurements will remove some of the concerns for criticality safety. Calculations for burnup credit casks should consider rod-to-rod and axial variations of burnup, as well as variability of burnable poisons it they are used in the assembly. In spite of the complexity of cask burnup credit licensing issues, these issues appear to be resolvable within the current state of the art of criticality safety

International capital tax evasion and the foreign tax credit puzzle

OpenAIRE

Kimberley A. Scharf

2001-01-01

This paper examines the role of international tax evasion for the choice of an optimal foreign tax credit by a capital exporting region. Since a foreign tax credit raises the opportunity cost of concealing foreign source income, it can be employed to discourage evasion activity. The existence of international tax evasion possibilities could thus help rationalize a choice of tax credit in excess of a deduction-equivalent credit level. Our analysis shows that, in general the optimal credit will...

The Regulation of the Credit Card Market in Turkey

OpenAIRE

Ahmet Faruk Aysan; L. Yildiz

2006-01-01

The rapid growth in Turkish credit card market brought together new issues. Card holders and consumer unions complain about the high interest rates, economists complain about the default rates and banks complain about the amnesties. After all of these complaints coinciding with the accelerating suicide incidences due to credit card debts, regulation has been enacted in the credit card market in Turkey. In 2003, credit cards had been taken into the scope of the Consumer Protection Law. This wa...

Construction and Application Research of Isomap-RVM Credit Assessment Model

Directory of Open Access Journals (Sweden)

Guangrong Tong

2015-01-01

Full Text Available Credit assessment is the basis and premise of credit risk management systems. Accurate and scientific credit assessment is of great significance to the operational decisions of shareholders, corporate creditors, and management. Building a good and reliable credit assessment model is key to credit assessment. Traditional credit assessment models are constructed using the support vector machine (SVM combined with certain traditional dimensionality reduction algorithms. When constructing such a model, the dimensionality reduction algorithms are first applied to reduce the dimensions of the samples, so as to prevent the correlation of the samples’ characteristic index from being too high. Then, machine learning of the samples will be conducted using the SVM, in order to carry out classification assessment. To further improve the accuracy of credit assessment methods, this paper has introduced more cutting-edge algorithms, applied isometric feature mapping (Isomap for dimensionality reduction, and used the relevance vector machine (RVM for credit classification. It has constructed an Isomap-RVM model and used it to conduct financial analysis of China's listed companies. The empirical analysis shows that the credit assessment accuracy of the Isomap-RVM model is significantly higher than that of the Isomap-SVM model and slightly higher than that of the PCA-RVM model. It can correctly identify the credit risks of listed companies.

76 FR 13902 - Fair Credit Reporting Risk-Based Pricing Regulations

Science.gov (United States)

2011-03-15

... TRADE COMMISSION 16 CFR Parts 640 and 698 RIN R411009 Fair Credit Reporting Risk-Based Pricing... respective risk-based pricing rules to require disclosure of credit scores and information relating to credit scores in risk-based pricing notices if a credit score of the consumer is used in setting the material...

Ombud’s Corner: due credit!

CERN Multimedia

Sudeshna Datta-Cockerill

2016-01-01

Patents, copyrights, trademarks… there are many ways to protect intellectual property and yet, despite these precautionary measures, it seems that colleagues sometimes still slip up: plots done by one person are used in another’s presentation without being appropriately credited, citations are wrongly assigned, references are inaccurate…   Plagiarism and misappropriation do not only happen in the worlds of art, music and literature. Often in our world, during the preparation phase of a scientific paper or even just in their daily work, scientists are required to share the work of many contributors and sometimes they do not keep track of who did what. No-one minds as long as this stays within the limits of teamwork, in which credits are distributed evenly and nobody’s contribution gets forgotten. Problems arise however, when one person’s work ends up being presented by another without the correct credit, or indeed when someone is held back from p...

DID CREDIT CRUNCH CAUSE A COLLAPSE IN PRIVATE INVESTMENT?: TURKEY CASE

Directory of Open Access Journals (Sweden)

Birgül CAMBAZOĞLU

2011-07-01

Full Text Available The economists have focused on credit crunch since 1990’s. The economists are not in consensus as to what constitutes the credit crunch. The differences in definitions come from the causes of credit contraction. Credit crunch is generally accepted as an enormous decline period in credit supply. Although the credit crunch is seen as a supply phenomenon, some economists define it as a demand issue. Investment declines significantly as result of an increase in credit rationing. The purpose of this study is to investigate the dependence of private investment on money and credit supply in Turkey. In other words, we want to quantify the effect of credit contraction in the banking sector on private fixed investment. VAR model is used to identify the existence of credit crunch through four economic variables: Private fixed investment, money stock (M2, bank loans to private sector and interest rate of commercial loans for the period ranging from 2003:01 to 2010:08. According to results of this study, it can be said that the credit crunch that we dealt with as a supply phenomenon leads to an investment collapse (slump in Turkey. The paper proceeds as follows: Section I provides theoretical background of credit channels and credit crunch. Section II summarizes recent empirical studies. Section III describes variables and discusses the empirical findings of the model. Section IV provides concluding remarks.

The Effects of Credit Status on College Attainment and College Completion

OpenAIRE

Gicheva, Dora; Ionescu, Felicia; Simpson, Nicole B.

2012-01-01

College students now use various forms of unsecured credit such as private student loans and credit cards to finance college. Access to these credit lines and the interest rates charged on these loans can vary significantly across credit scores. In this paper, we analyze if credit status, as measured by self-reported characteristics of an individual's credit standing, affects college investment. Using data from the Survey of Consumer Finances, we study a sample of young high school graduates ...

Valuing Catastrophe Bonds Involving Credit Risks

Directory of Open Access Journals (Sweden)

Jian Liu

2014-01-01

Full Text Available Catastrophe bonds are the most important products in catastrophe risk securitization market. For the operating mechanism, CAT bonds may have a credit risk, so in this paper we consider the influence of the credit risk on CAT bonds pricing that is different from the other literature. We employ the Jarrow and Turnbull method to model the credit risks and get access to the general pricing formula using the Extreme Value Theory. Furthermore, we present an empirical pricing study of the Property Claim Services data, where the parameters in the loss function distribution are estimated by the MLE method and the default probabilities are deduced by the US financial market data. Then we get the catastrophe bonds value by the Monte Carlo method.

12 CFR 614.4540 - Other financing institution access to Farm Credit Banks and agricultural credit banks for funding...

Science.gov (United States)

2010-01-01

... maintain established or projected capital levels; or (ii) Raise funds in the money markets; or (2... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Other financing institution access to Farm... POLICIES AND OPERATIONS Farm Credit Bank and Agricultural Credit Bank Financing of Other Financing...

26 CFR 20.2014-1 - Credit for foreign death taxes.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 14 2010-04-01 2010-04-01 false Credit for foreign death taxes. 20.2014-1....2014-1 Credit for foreign death taxes. (a) In general. (1) A credit is allowed under section 2014... any foreign country (hereinafter referred to as “foreign death taxes”). The credit is allowed only for...

Quantifying Correlation Uncertainty Risk in Credit Derivatives Pricing

Directory of Open Access Journals (Sweden)

Colin Turfus

2018-04-01

Full Text Available We propose a simple but practical methodology for the quantification of correlation risk in the context of credit derivatives pricing and credit valuation adjustment (CVA, where the correlation between rates and credit is often uncertain or unmodelled. We take the rates model to be Hull–White (normal and the credit model to be Black–Karasinski (lognormal. We summarise recent work furnishing highly accurate analytic pricing formulae for credit default swaps (CDS including with defaultable Libor flows, extending this to the situation where they are capped and/or floored. We also consider the pricing of contingent CDS with an interest rate swap underlying. We derive therefrom explicit expressions showing how the dependence of model prices on the uncertain parameter(s can be captured in analytic formulae that are readily amenable to computation without recourse to Monte Carlo or lattice-based computation. In so doing, we crucially take into account the impact on model calibration of the uncertain (or unmodelled parameters.

Overcoming credit card fraud in South Africa

African Journals Online (AJOL)

A credit card is a convenient method of payment, but it does carry risks. The enormous ... Identity theft and the exponential ... Unique Security Features of a Credit Card with the Aim of Identifying ..... technology in an attempt to try and curb the.

Individual stock-option prices and credit spreads

NARCIS (Netherlands)

Cremers, M.; Driessen, J.; Maenhout, P.; Weinbaum, D.

2008-01-01

This paper introduces measures of volatility and jump risk that are based on individual stock options to explain credit spreads on corporate bonds. Implied volatilities of individual options are shown to contain useful information for credit spreads and improve on historical volatilities when

Are carbon credits effective?

International Nuclear Information System (INIS)

Anon.

2010-01-01

Is it possible to reduce greenhouse gas emissions by assigning a value to CO 2 ? That's the concept behind carbon credits. Their advantage: they set targets but let companies decide how to meet them. Of all the processes that can be used to reduce air pollution, the cap and trade system is the best way to meet global targets on a national or continental scale. The system's efficiency is based on setting a ceiling for emissions: this is the cap. The emissions quotas are negotiable goods that can be traded on a market: this is the 'trade'. No company can exceed its quotas, but it can choose how to meet them: decreasing its emissions by changing its production processes, buying carbon credits sold by companies that have exceeded their targets, or using clean development mechanisms. For a carbon credit system to function correctly on an economic level, it's essential to meet one condition: don't allocate too many emissions quotas to the companies involved. If they receive too many quotas, it's not hard for them to meet their objectives without changing their production processes. The supply of carbon credits currently exceeds demand. The price per ton of CO 2 is collapsing, and companies that have exceeded their targets are not rewarded for their efforts. Efficient though it may be, the cap and trade system cannot be the only way to fight CO 2 emissions. In Europe, it presently covers 40% of the CO 2 emissions by targeting utilities and industries that consume the most fossil fuels. But it cannot be extended to some sectors where pollution is diffuse. In transportation, for example, it's not possible to impose such a requirement. For that sector, as well as for the building sector, a suitable system of taxes might be effective and incentive

Martensitic transformations, structure, and strengthness of processed high-nitrogen and high-carbon ferrous alloys

Science.gov (United States)

Kaputkina, L. M.; Prokoshkina, V. G.

2003-10-01

Structures and properties of metastable austenitic alloys Fe-18Cr-16Ni-I2Mn-(0.17 to 0. 50)N, Fe-18Cr-12Mn-(0.48 to 1.12)N, Fe-18Cr-(0.1 to 1.18)N, and Fe-(12 to 20)Ni-(0.6 to 1.3)C, Fe-(6 to 8)Mn-(0.6 to 1.0)C, Fe-(5 to 6)Cr-(4 to 5)Mn-(0.6 to 0.8)C, Fe-6Cr-(1.0 to 1.3)C resulting from martensitic transformations under cooling and cold deformation (CD), as well as following tempering processes, were studied by magnetometry, X-ray and electron microscopy analyses, hardness measurements and mechanical properties tests. Martensite with a b.c.t. lattice was formed in all alloys with M_s{>}-196^circC during cooling. Under CD transformations of γ{to}α, γ{to}\\varepsilon{to}α, or γ{to}\\varepsilon types were realized depending on the alloy composition. Carbon increased but nitrogen decreased stacking fault energy. Thus carbon assists α-martensite formation but nitrogen promotese. As CD level and/or concentration of carbon and nitrogen increase residual stresses resulting from the CD also increase. The martensitic transformation during CD can decrease the residual stresses. Kinetic of tempering of b.c.t. thermal martensite differs from those of CD-induced martensite. In the second case, deformation aging, texture, and residual stresses are more visible. The maximal strengthening under CD takes place in (Mn+N)-steels. (Cr+N) and (Cr+Mn+N)-steels are high-strength, non-magnetic and corrosion resistant and are easily hardened by a low level of plastic deformation.

47 CFR 32.7210 - Operating investment tax credits-net.

Science.gov (United States)

2010-10-01

... 47 Telecommunication 2 2010-10-01 2010-10-01 false Operating investment tax credits-net. 32.7210....7210 Operating investment tax credits—net. (a) This account shall be charged and Account 4320, Unamortized Operating Investment Tax Credits—Net, shall be credited with investment tax credits generated from...

Money and Credit With Limited Commitment and Theft

OpenAIRE

Williamson, Stephen; Sanches, Daniel

2009-01-01

We study the interplay among imperfect memory, limited commitment, and theft, in an environment that can support monetary exchange and credit. Imperfect memory makes money useful, but it also permits theft to go undetected, and therefore provides lucrative opportunities for thieves. Limited commitment constrains credit arrangements, and the constraints tend to tighten with imperfect memory, as this mitigates punishment for bad behavior in the credit market. Theft matters for optimal monetary ...

Business fluctuations in a credit-network economy

Science.gov (United States)

Delli Gatti, Domenico; Gallegati, Mauro; Greenwald, Bruce; Russo, Alberto; Stiglitz, Joseph E.

2006-10-01

We model a network economy with three sectors: downstream firms, upstream firms, and banks. Agents are linked by productive and credit relationships so that the behavior of one agent influences the behavior of the others through network connections. Credit interlinkages among agents are a source of bankruptcy diffusion: in fact, failure of fulfilling debt commitments would lead to bankruptcy chains. All in all, the bankruptcy in one sector can diffuse to other sectors through linkages creating a vicious cycle and bankruptcy avalanches in the network economy. Our analysis show how the choices of credit supply by both banks and firms are interrelated. While the initial impact of monetary policy is on bank behaviour, we show the interactive play between the choices made by banks, the choices made by firms in their role as providers of credit, and the choices made by firms in their role as producers.

RENEWAL OF CRIMINAL LAW AGAINST ABUSE OF CREDIT CARDS

Directory of Open Access Journals (Sweden)

Eka Nugraha

2015-07-01

Full Text Available The use of credit cards for payment in lieu of cash since the introduction of the first credit card ever more widely known and used by people.   On the early introduction of this credit card, the wearer is limited to certain circles. However, a few decades later the credit card industry primarily enter the end of the Decade of the 1970s, has penetrated almost throughout all parts of the world, including Indonesia.   A credit card is issued by most commonly used by the public and apply the current International consists of a range of brands, among others, a very popular one is Visa and Master Card are each issued by the credit card company international and Master Card International.In practice many found the works in banking that may be subject to sanctions as set forth in the book of the law of criminal law (Criminal Code.

Writing Performance of At-Risk Learners in Online Credit Recovery

Science.gov (United States)

Leiter, Michael P.

2012-01-01

Online credit recovery is becoming a popular choice for students needing to recover lost graduation credit due to course failure. The problem is that high school students who take online credit recovery classes in order to gain writing credit for graduation are failing the writing section on the state merit exam (MME). At-risk students and…

26 CFR 20.2011-1 - Credit for State death taxes.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 14 2010-04-01 2010-04-01 false Credit for State death taxes. 20.2011-1 Section....2011-1 Credit for State death taxes. (a) In general. A credit is allowed under section 2011 against the... possession of the United States (hereinafter referred to as “State death taxes”). The credit, however, is...

26 CFR 1.45D-1 - New markets tax credit.

Science.gov (United States)

2010-04-01

... 26 Internal Revenue 1 2010-04-01 2010-04-01 true New markets tax credit. 1.45D-1 Section 1.45D-1... Computing Credit for Investment in Certain Depreciable Property § 1.45D-1 New markets tax credit. (a) Table... of new markets tax credit (B) Recapture event (ii) CDE reporting requirements to Secretary (iii...

The Supply of Trade Credit by Brazilian Publicly Traded Firms

Directory of Open Access Journals (Sweden)

Rafael Felipe Schiozer

2011-12-01

Full Text Available This paper investigates the determinants of trade credit supply by Brazilian publicly traded companies between the years of 2005 and 2008. International literature (both theoretical and empirical documents that the main determinants of trade credit supply are the size of the firm and the size of its debt. Both indicate that the availability of resources to the firm is an important factor for the supply of trade credit. In addition, the literature confirms strategic uses of trade credit such as those for price discrimination purposes. The results obtained using a sample of 157 Brazilian companies do not support that size and indebtedness are relevant determinants for trade credit supply, but they confirm the supply of trade credit as a strategic tool for the firms. Additionally we observed a significant decrease in trade credit supply in 2008, the year in which a severe international financial crisis took place.

Achieving LEED credit for ergonomics: Laying the foundation.

Science.gov (United States)

Lynch, Mallory

2014-01-01

Despite guidance from the United States Green Building Council (USGBC) on the requirements for earning a Leadership in Energy and Environmental Design (LEED) ergonomics credit in the Innovation in Design and Innovation in Operations category, few projects have received the credit. The University of California, Berkeley ergonomics program, Ergonomics@Work, has aligned the ergonomics strategy to those of the USGBC and LEED to achieve the ergonomics credit in several new buildings. This article describes the steps needed to obtain the credit and highlights the opportunities it creates to partner with the project team to promote ergonomics. As a profession it is up to ergonomists to create the road map that incorporates ergonomics into the green building design.

Financial innovation and bank behavior : Evidence from credit markets

NARCIS (Netherlands)

Norden, L.; Silva Buston, C.F.; Wagner, W.B.

This paper investigates whether, and through which channel, the active use of credit derivatives changes bank behavior in the credit market, and how this channel was affected by the crisis of 2007–2009. Our principal finding is that banks with larger gross positions in credit derivatives charge

Tax credits and purchasing pools: will this marriage work?

Science.gov (United States)

Trude, S; Ginsburg, P B

2001-04-01

Bipartisan interest is growing in Congress for using federal tax credits to help low-income families buy health insurance. Regardless of the approach taken, tax credit policies must address risk selection issues to ensure coverage for the chronically ill. Proposals that link tax credits to purchasing pools would avoid risk selection by grouping risks similar to the way large employers do. Voluntary purchasing pools have had only limited success, however. This Issue Brief discusses linking tax credits to purchasing pools. It uses information from the Center for Studying Health System Change's (HSC) site visits to 12 communities as well as other research to assess the role of purchasing pools nationwide and the key issues and implications of linking tax credits and pools.

Dynamic Dependence and Diversification in Corporate Credit

DEFF Research Database (Denmark)

Christoffersen, Peter; Jacobs, Kris; Jin, Xisong

We characterize dependence and tail dependence in corporate credit using a new class of dynamic copula models which can capture dynamic dependence and asymmetry in large samples of firms. We also document important differences between the dependence dynamics for credit spreads and equity returns...

75 FR 49510 - Credit Watch Termination Initiative

Science.gov (United States)

2010-08-13

... DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5411-N-02] Credit Watch Termination Initiative AGENCY: Office of the Assistant Secretary for Housing--Federal Housing Commissioner, HUD. ACTION... FHA Credit Watch Termination Initiative. This notice includes a list of mortgagees which have had...

75 FR 17944 - Credit Watch Termination Initiative

Science.gov (United States)

2010-04-08

... DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-5411-N-01] Credit Watch Termination Initiative AGENCY: Office of the Assistant Secretary for Housing--Federal Housing Commissioner, HUD. ACTION... FHA Credit Watch Termination Initiative. This notice includes a list of mortgagees which have had...

40 CFR 1042.715 - Banking emission credits.

Science.gov (United States)

2010-07-01

... 40 Protection of Environment 32 2010-07-01 2010-07-01 false Banking emission credits. 1042.715 Section 1042.715 Protection of Environment ENVIRONMENTAL PROTECTION AGENCY (CONTINUED) AIR POLLUTION..., Banking, and Trading for Certification § 1042.715 Banking emission credits. (a) Banking is the retention...

The Cross-Section of Credit Risk Premia and Equity Returns

DEFF Research Database (Denmark)

Friewald, Nils; Wagner, Christian; Zechner, Josef

Structural models a la Merton (1974) imply that rms' risk premia in equity and credit markets are related. We explore this relation, using the joint crosssection of stock returns and risk premia estimated from forward credit default swap (CDS) spreads. Consistent with structural models, we nd...... that rms' equity returns and Sharpe ratios increase with estimated credit risk premia and that the returns of buying high and selling low credit risk premium rms cannot be explained by traditional risk factors. Credit risk premia contain equity-relevant information neither captured by risk-neutral nor...

Who needs credit and who gets credit in Eastern Europe

NARCIS (Netherlands)

Brown, M.; Ongena, S.; Popov, A.; Yesin, P.

2011-01-01

Based on survey data covering 8,387 firms in 20 countries we compare the access to bank credit for firms in Eastern Europe to that in selected Western European countries. Our analysis reveals five main results. First, the firm-level determinants of the propensity to apply are similar in Eastern and

COGEMA/TRANSNUCLEAIRE's experience with burnup credit

International Nuclear Information System (INIS)

Chanzy, Y.; Guillou, E.

1998-01-01

Facing a continuous increase in the fuel enrichments, COGEMA and TRANSNUCLEAIRE have implemented step by step a burnup credit programme to improve the capacity of their equipment without major physical modification. Many authorizations have been granted by the French competent authority in wet storage, reprocessing and transport since 1981. As concerns transport, numerous authorizations have been validated by foreign competent authorities. Up to now, those authorizations are restricted to PWR Fuel type assemblies made of enriched uranium. The characterization of the irradiated fuel and the reactivity of the systems are evaluated by calculations performed with well qualified French codes developed by the CEA (French Atomic Energy Commission): CESAR as a depletion code and APPOLO-MORET as a criticality code. The authorizations are based on the assurance that the burnup considered is met on the least irradiated part of the fuel assemblies. Besides, the most reactive configuration is calculated and the burnup credit is restricted to major actinides only. This conservative approach allows not to take credit for any axial profile. On the operational side, the procedures have been reevaluated to avoid misloadings and a burnup verification is made before transport, storage and reprocessing. Depending on the level of burnup credit, it consists of a qualitative (go/no-go) verification or of a quantitative measurement. Thus the use of burnup credit is now a common practice in France and Germany and new improvements are still in progress: extended qualifications of the codes are made to enable the use of six selected fission products in the criticality evaluations. (author)

Credit Risk Evaluation : Modeling - Analysis - Management

OpenAIRE