LEADER 11250nam 2200589 450 001 9910793977903321 005 20231110232603.0 010 $a94-6274-877-2 035 $a(CKB)4100000009598496 035 $a(MiAaPQ)EBC5945719 035 $a(Au-PeEL)EBL5945719 035 $a(OCoLC)1126212091 035 $a(MiAaPQ)EBC30562878 035 $a(Au-PeEL)EBL30562878 035 $a(OCoLC)1381712048 035 $a(EXLCZ)994100000009598496 100 $a20220527d2018 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDepositaries in European Investment Law $etowards Harmonization in Europe /$fSebastiaan Hooghiemstra 205 $a1st ed. 210 1$aThe Hague, The Netherlands :$cEleven International Publishing,$d[2018] 210 4$d©2018 215 $a1 online resource (416 pages) 225 1 $aMasterreeks 311 $a94-6236-850-3 320 $aIncludes bibliographical references. 327 $aIntro -- Table of Contents -- List of Abbreviations -- 1 Introduction -- 1.1 Background -- 1.2 The Case for the Introduction of a Cross-Sectoral European Passport for Depositaries -- 1.2.1 Depositaries versus Custodians -- 1.2.2 Overcoming the 'European Depositary Passport Paradox' -- 1.2.3 The AIFMD/UCITSD V Depositary Passport 'Investor Protection Concerns' -- 1.2.3.1 The Concerns Raised upon Introduction of the 'Management Passport' under UCITSD IV -- 1.2.3.2 The Investor Protection Concerns upon Introducing an AIF/UCITS Depositary Passport -- 1.3 Research Questions -- 1.4 Methodology -- 1.5 Limitations -- 1.6 Scientific and Societal Relevance -- 1.6.1 Scientific Relevance -- 1.6.2 Societal Relevance: The Growing Importance of Depositaries -- 1.6.2.1 The Rise of European AuM -- 1.6.2.2 Possible Cost Reduction of a Depositary Passport -- 1.7 Study Outline -- Part I The European Depositary Passport Paradox -- 2 Locational Depositary Restrictions under the European Investment Laws -- 2.1 The European Depositary/Custodian Passport under European Investment Laws -- 2.1.1 The European Passport for 'Custodians' under MiFID II/CRD IV -- 2.1.2 The Location of the Depositary under the AIFMD and UCITSD V -- 2.1.2.1 The Location of the Depositary for UCITS -- 2.1.2.2 The Location of the Depositary for AIFs -- 2.1.2.3 Conclusion -- 2.1.3 The Depositary Mutual Recognition Approach under IORPD II -- 2.1.3.1 'Established in another Member State' -- 2.1.3.2 Mutual Recognition under IORPD II - Applying to Depositaries and or Custodians? -- 2.1.3.3 Cooperation between Supervisory Authorities -- 2.1.3.4 Conclusion -- 2.1.4 Conclusion -- 2.2 The European Depositary Passport Debate -- 2.2.1 UCITSD I-VI -- 2.2.1.1 UCITSD I -- 2.2.1.2 UCITSD II -- 2.2.1.3 UCITSD III/IV -- 2.2.1.4 UCITSD V/VI -- 2.2.2 The AIFMD -- 2.2.3 ISD-MiFID I/II/Second Banking Directive- CRD IV. 327 $a2.2.4 IORPD I/II -- 2.2.5 Conclusion -- 2.3 Conclusion -- Part II The EEA's Approach towards the Cross-Border Provision of Financial Services 3 EEA Cross-Border Regulation for Financial Intermediaries -- 3.1 The Internal Dimension of the Cross-Border Provision of Financial Services -- 3.1.1 A Law and Economics Theory of the Internal Market for Financial Services -- 3.1.1.1 Market Efficiency and Economies of Scale and Scope -- 3.1.1.2 Risk Asymmetry and the Concept of 'Production' and 'Distribution' Member States -- 3.1.1.3 EEA Law as a Substitute for Risk Asymmetry -- 3.1.2 The Internal Dimension - The Four Freedoms -- 3.1.2.1 The Freedom of Capital -- 3.1.2.2 The Freedom of Establishment -- 3.1.2.3 The Freedom to Provide Services -- 3.1.2.4 Overlapping Fundamental Freedoms -- 3.2 The Joint Principles of the European Passport of EEA Financial Intermediaries -- 3.2.1 An Internal Market for Financial Intermediaries -- 3.2.2 The General Concept of the 'European Passport' -- 3.2.3 Positive Integration and EU Legal Instruments -- 3.2.3.1 The Choice of EU Policy Instruments -- 3.2.3.2 The Principles of Subsidiarity and Proportionality -- 3.2.3.3 The Lamfalussy Process -- 3.2.3.4 The Trend towards Maximum Harmonization -- 3.2.4 The Cornerstones of the European Passport for Financial Intermediaries: the 'Single Rulebook', 'Home Country Control' and the ESFS -- 3.2.4.1 The European Passport Substantive Legal Framework: 'The single rulebook' -- 3.2.4.2 The EEA Financial Supervisory Framework: Home Country Control and the ESFS -- 3.2.5 Conclusion -- 3.3 The External Dimension of the Cross-Border Provision of Financial Services -- 3.3.1 The External Dimension - A Law and Economics Theory -- 3.3.1.1 TC Financial Services and the EEA's External Dimension -- 3.3.1.2 Risk Asymmetry, TC Financial Centres and the Concept of 'Production' and 'Distribution' States. 327 $a3.3.1.3 Equivalency as a Substitute for Risk Asymmetry -- 3.3.2 EEA Financial Intermediaries with an External Dimension -- 3.3.2.1 'Qualifying Holding' and 'Close Links' Requirements for Non-EEA Shareholders -- 3.3.2.2 Delegation -- 3.3.2.3 Consolidated Supervision and Conglomerates -- 3.3.3 Financial Intermediaries within the EEA -- 3.3.3.1 'Stand-alone' Authorizations -- 3.3.3.2 European Passports for TC Financial Intermediaries -- 3.3.3.3 The (Mutual) Agreements Solution -- 3.3.4 EEA Financial Intermediary TC Market Access -- 3.3.4.1 The EU Commission Negotiation Mandate -- 3.3.4.2 The (Mutual) Agreements Solution under the Commission Negotiation Mandate -- 3.4 The Joint Principles of EEA TC Financial Intermediary Regulation -- 3.4.1 Third Countries and EEA Secondary Law -- 3.4.1.1 The Internal Dimension - The Four Freedoms -- 3.4.1.2 The External Dimension: International Law Commitments and EEA Secondary Law -- 3.4.2 Equivalency in EEA Secondary Law -- 3.4.2.1 Equivalency of TC Regulatory and Supervision Regimes -- 3.4.2.2 Cooperation Agreements -- 3.4.2.3 Information Exchange -- 3.4.2.4 'Legal Representation' in the EEA -- 3.4.3 The EEA's Centralized Rulemaking and Supervision -- 3.4.3.1 The Role of the European Commission in Centralized Rulemaking -- 3.4.3.2 The Role of ESAs in TC Regimes -- 3.4.4 Judicial Control -- 3.5 Conclusion -- Part III Depositaries vs. Custodians -- 4 The AIFMD and UCITSD V Depositary Regulation -- 4.1 Introduction -- 4.2 The Scope of the AIFMD and UCITSD V with regard to Depositaries -- 4.2.1 The Obligation to Appoint a Depositary under the AIFMD -- 4.2.1.1 General Rule -- 4.2.1.2 The Retail-AIF Depositary -- 4.2.1.3 Exemptions from the Depositary Obligation -- 4.2.1.4 Depositary-Lite Regime -- 4.2.2 The Obligation to Appoint a Depositary under the UCITSD V. 327 $a4.3 Entities Eligible as a Depositary and Its Organizational Requirements -- 4.3.1 Entities Eligible as a Depositary under the AIFMD -- 4.3.1.1 Credit Institution -- 4.3.1.2 Investment Firm -- 4.3.1.3 Other Eligible Institutions -- 4.3.1.4 Prime Broker -- 4.3.1.5 Eligible Non-EEA Entities -- 4.3.1.6 Option for Private Equity Funds, Venture Capital Funds and Real Estate AIFs -- 4.3.2 Entities Eligible as a Depositary under UCITSD V -- 4.3.2.1 National Central Bank -- 4.3.2.2 Credit Institutions -- 4.3.2.3 Another Legal Entity -- 4.4 EEA-AIF and UCITS Depositaries - General Requirements -- 4.4.1 Duty of Loyalty -- 4.4.2 Conflicts of Interest -- 4.4.3 The Third Party Depositary Requirement -- 4.4.4 Independence Requirements under UCITSD V -- 4.4.4.1 Common Management/Supervision -- 4.4.4.2 Cross-Shareholdings/Group Inclusion -- 4.5 AIFMD Third-Country Depositaries -- 4.5.1 Additional Requirements for TC Depositaries -- 4.5.2 The Third-Country Depositary and 'Effective Prudential Regulation' -- 4.5.2.1 Effectively Enforced Prudential Regulation -- 4.5.2.2 'Supervision under Equivalent' to That Applicable under EEA Law -- 4.6 The Depositary and Its Functions -- 4.6.1 The Particulars of the Written Contract -- 4.6.1.1 Eligible Assets -- 4.6.1.2 Flow of Information -- 4.6.1.3 Escalation Procedure -- 4.6.1.4 Third Parties -- 4.6.1.5 Termination of the Contract -- 4.6.2 Safekeeping -- 4.6.2.1 Financial Instruments That Should Be Held in Custody -- 4.6.2.2 Safekeeping Duties with regard to Assets Held in Custody -- 4.6.2.3 'Other Assets' -- 4.6.2.4 Safekeeping Duties regarding Ownership Verification and Record-keeping -- 4.6.3 Control -- 4.6.3.1 Oversight Duties - General Requirements -- 4.6.3.2 Subscriptions/Redemptions -- 4.6.3.3 Valuation of Shares/Units -- 4.6.3.4 AIFM's/UCITS ManCo Instructions -- 4.6.3.5 The Timely Settlement of Transactions. 327 $a4.6.3.6 AIF's Income Distribution -- 4.6.3.7 Monitoring of the AIF's/UCITS' Cash Flows -- 4.6.3.8 UCITS Mergers and Master-Feeder Structures -- 4.7 Delegation in the Depositary Chain -- 4.7.1 Avoiding Requirements -- 4.7.2 Objective Reason -- 4.7.3 Due Diligence -- 4.7.3.1 Due Diligence upon Appointment of the Subcustodian -- 4.7.3.2 Ongoing Monitoring Diligence Sub-custodian -- 4.7.3.3 Insolvency Protection of UCITS Assets -- 4.7.4 Lex Specialis - The Prime Broker as a Sub-custodian under the AIFMD -- 4.8 The Depositary's Liability Regime under the AIFMD and UCITSD V -- 4.8.1 The Depositary's Liability under the AIFMD and UCITSD V -- 4.8.1.1 Loss of Financial Instruments That Can Be Held in Custody -- 4.8.1.2 The AIFMD and UCITSD V Liability Discharge -- 4.8.1.3 The AIFMD Contractual Discharge of Liability -- 4.8.2 The Impact of the AIFMD/UCITSD V Liability Regime for Depositaries -- 4.8.3 Rights of the AIFM/UCITS ManCo and Investors against the Depositary -- 4.8.3.1 AIFMD -- 4.8.3.2 UCITSD V -- 4.8.4 Conclusion -- 4.9 The Depositary under the 'AIFMD/UCITSD V Product Regulations' -- 4.9.1 The ELTIFR Depositary Regime -- 4.9.2 The MMFR Depositary Regime -- 4.9.3 The EuVECAR/EuSEFR 'Depositary Regime' -- 4.9.4 The AIFMD Product Regulation Depositary Regimes versus the AIFMD/UCITSD V -- 4.10 Conclusion -- 5 The IORPD II Depositary Regime -- 5.1 Introduction -- 5.2 The Appointment of Depositaries under IORPD II -- 5.2.1 The Appointment for Full DC and Other Types of IORPs -- 5.2.1.1 Full DC IORPs -- 5.2.1.2 Other Types of IORPs -- 5.2.2 Investment Risks - Full DC, Hybrid and/or Full DB IORPs? -- 5.2.3 The Definition of a 'Depositary' under IORPD II -- 5.2.4 The Appointment of a Single Depositary versus Multiple Depositaries -- 5.2.4.1 The Inconsistency of the 'Depositary' Terminology under IORPD II. 327 $a5.2.4.2 The Unclear 'Depositary' definition under IORPD II. 410 0$aMasterreeks 606 $aConsolidation and merger of corporations$xLaw and legislation 606 $aConsolidation and merger of corporations$xLaw and legislation$zEuropean Union countries 606 $aInvestments, Foreign$xLaw and legislation$zEuropean Union countries 615 0$aConsolidation and merger of corporations$xLaw and legislation. 615 0$aConsolidation and merger of corporations$xLaw and legislation 615 0$aInvestments, Foreign$xLaw and legislation 676 $a349.497 700 $aHooghiemstra$b Sebastiaan Niels$f1987-$01582940 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910793977903321 996 $aDepositaries in European Investment Law$93865723 997 $aUNINA LEADER 05600nam 2200709 a 450 001 9911004824503321 005 20200520144314.0 010 $a9786612738098 010 $a9781282738096 010 $a1282738097 010 $a9780123815446 010 $a0123815444 035 $a(CKB)2550000000014092 035 $a(EBL)566740 035 $a(OCoLC)643053601 035 $a(SSID)ssj0000416614 035 $a(PQKBManifestationID)12190789 035 $a(PQKBTitleCode)TC0000416614 035 $a(PQKBWorkID)10435681 035 $a(PQKB)10235012 035 $a(MiAaPQ)EBC566740 035 $a(PPN)170601617 035 $a(FR-PaCSA)88812178 035 $a(FRCYB88812178)88812178 035 $a(EXLCZ)992550000000014092 100 $a20091209d2010 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aElectrical load forecasting $emodeling and model construction /$fSoliman Abdel-hady Soliman, Ahmad M. Al-Kandari 210 $aBurlington, MA $cButterworth-Heinemann$dc2010 215 $a1 online resource (441 p.) 300 $aDescription based upon print version of record. 311 08$a9780123815439 311 08$a0123815436 320 $aIncludes bibliographical references and index. 327 $aFront Cover; Half Title Page; Title Page; Copyright; Dedication; Table of Contents; Acknowledgments; Introduction; Outline of the Book; Chapter 1. Mathematical Background and State of the Art; 1.1 Objectives; 1.2 Matrices and Vectors; 1.3 Matrix Algebra; 1.3.1 Addition of Matrices; 1.3.2 Matrix Subtraction (Difference); 1.3.3 Matrix Multiplication; 1.3.4 Inverse of a Matrix (Matrix Division); 1.4 Rank of a Matrix; 1.5 Singular Matrix; 1.6 Characteristic Vectors of a Matrix; 1.7 Diagonalization; 1.8 Partitioned Matrices; 1.9 Partitioned Matrix Inversion; 1.10 Quadratic Forms 327 $a1.11 State Space Representation1.12 Difference Equations; 1.13 Some Optimization Techniques; 1.13.1 Unconstrained Optimization; 1.13.2 Constrained Optimization; 1.14 State of the Art; References; Chapter 2. Static State Estimation; 2.1 Objectives; 2.2 The Static Estimation Problem Formulation; 2.2.1 Linear Least Error Squares Estimation; 2.2.2 Weighted Linear Least Error Squares (WLES) Estimation; 2.2.3 Constrained Least Error Squares (CLES) Estimation; 2.2.4 Recursive Least Error Squares (RLES) Estimation; 2.2.5 Nonlinear Least Error Squares (NLLES) Estimation 327 $a2.3 Properties of Least Error Squares Estimation2.4 Least Absolute Value Static State Estimation; 2.4.1 Historical Perspective; 2.4.2 Least Absolute Value of Error Estimation; 2.4.3 Least Absolute Value Based on Linear Programming; 2.4.4 Schlossmacher Iterative Algorithm; 2.4.5 Sposito and Hand Algorithm; 2.4.6 Soliman and Christensen Algorithm; 2.5 Constrained LAV Estimation; 2.6 Nonlinear Estimation Using the Soliman and Christensen Algorithm; 2.7 Leverage Points; 2.8 Comparison between LES Estimation and LAV Estimation Algorithms; References 327 $aChapter 3. Load Modeling for Short-Term Forecasting3.1 Objectives; 3.2 Introduction; 3.3 Base Load; 3.4 Weather-Dependent Load; 3.4.1 Temperature; 3.4.2 Wind Speed; 3.4.3 Humidity; 3.4.4 Illumination; 3.5 Residual Load; 3.6 Short-Term Load Models; 3.6.1 Multiple Linear Regression; 3.6.2 General Exponential Smoothing; 3.6.3 Stochastic Time Series; 3.6.4 Qualities of Forecasting Models; 3.7 Special Load-Forecasting Models; 3.7.1 Model A: Multiple Linear Regression Model; 3.7.2 Model B: Harmonics Model; 3.7.3 Model C: Hybrid Model; References 327 $aChapter 4. Fuzzy Regression Systems and Fuzzy Linear Models4.1 Objectives; 4.2 Fuzzy Fundamentals; 4.3 Fuzzy Sets and Membership; 4.3.1 Membership Functions; 4.3.2 Basic Terminology and Definitions; 4.3.3 Support of a Fuzzy Set; 4.3.4 Normality; 4.3.5 Convexity and Concavity; 4.3.6 Basic Operation; 4.4 Fuzzy Linear Estimation; 4.4.1 Nonfuzzy Output (Yj =mj); 4.4.2 Fuzzy Output Systems; 4.5 Fuzzy Short-Term Load Modeling; 4.5.1 Multiple Fuzzy Linear Regression Model: Crisp Data; 4.5.2 Multiple Fuzzy Linear Regression Model: Fuzzy Data; 4.5.3 Fuzzy Load Model B; 4.5.4 Fuzzy Load Model C 327 $a4.6 Conclusion 330 $aSuccinct and understandable, this book is a step-by-step guide to the mathematics and construction of electrical load forecasting models. Written by one of the world's foremost experts on the subject, Electrical Load Forecasting provides a brief discussion of algorithms, their advantages and disadvantages and when they are best utilized. The book begins with a good description of the basic theory and models needed to truly understand how the models are prepared so that they are not just blindly plugging and chugging numbers. This is followed by a clear and rigorous exposition of the 606 $aElectric power-plants$xLoad$xForecasting$xMathematics 606 $aElectric power systems$xMathematical models 606 $aElectric power consumption$xForecasting$xMathematics 615 0$aElectric power-plants$xLoad$xForecasting$xMathematics. 615 0$aElectric power systems$xMathematical models. 615 0$aElectric power consumption$xForecasting$xMathematics. 676 $a333.793/213015195 700 $aSoliman$b S. A$025588 701 $aAlkandari$b Ahmad M$01823147 712 02$aScienceDirect (Servicio en línea) 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911004824503321 996 $aElectrical load forecasting$94389643 997 $aUNINA