Golf beginner

First time taking a swing!
好难...= =||

Other-Than-Temporary-Impairment (OTTI)

What is OTTI?

A debt or equity investment is impaired if its fair value is less than its amortized cost basis. If that happens, a bank must determine whether the impairment is other than temporary. Factors to consider in making this determination include:

• The length of time the security’s fair value has been below its carrying amount,
• The issuer’s near-term prospects, and
• The bank’s intent and ability to hold the investment long enough to allow for any anticipated recovery in value.

OTTI is a USGAAP term; the following illustrates difference approaches to impairment under USGAAP and IFRS.

USGAAP

Trigger - when fair value lower than cost

(1) If the security is likely to be sold, the TOTAL amount of OTTI is written down and recognized in earnings
(2) If it’s not likely to be sold AND does not expect recovery of the cost basis, ONLY the credit component of OTTI — that is, the loss attributable to the issuer’s inability or unwillingness to pay — is recognized in earnings. The noncredit component — which reflects losses caused by illiquidity, fluctuating interest rates or other factors — is recognized as other comprehensive income (OCI)

how to calculate the credit-related OTTI: use original effective interest rate and best estimate of cash flows to calculate present value

IFRS

Trigger - objective evidence of impairment - consider different events
e.g. fluctuation of interest rate, credit rating downgrade alone may not be triggering event

Once determined impaired, cumulative loss recognized in OCI will be released to earnings

Reversal of impairment under both standards
equity - both prohibited
debt - prohibited (USGAAP); allowed (IFRS)

Second Hand

客户这里竟然没有一次性杯子
于是想去买一个大mug

经理用的是一个pacific coffee的
看起来不错
于是我也去咖啡店看看

街角的那家，颜色一般
不过急着用也没办法啦
然后店员说没有新的了，display的是最后一个
或者别的款式有新的
我想了想，算了

转到大街上的另外一家分店，
竟然看到另一款黑色的
比较喜欢
可是答案还是一样

看得出来杯子摆了一段时间了
有点小瑕疵，洗不掉的痕迹
不过因为黑色，所以也不太看得出来

”功能还是没问题的，只是外观稍差而已“
有些时候需要安慰自己

HKD 120。买了个二手mug。

只要真正喜欢，二手也没有太大关系

Another proposal

两个礼拜的project最终还是能完满结束~
撒花~~~!!!!

Idea不错,不过女方太聪明,
所以吧,其实也是知道的,
不过具体日子和方式未知而已~
最后时刻召集7大神兽还有多,
在我大理工完成神圣的仪式~

女性的第六感这东西可不是说着玩的,
特别是相处久了特别熟以后,
一点点不寻常都能发现.
不过聪明在于真正发现了猜到了也就不寻根问底了,
享受最后的surprise

陪着忙了2天3晚,
又把一个兄弟送出去了

也许有一天,
我也会有一个proposal
只希望女方能坚持到最后,
.
..
...
....
.....
......
.......
........
不要漏气啊!
不然去淘宝店给个差评!!!

Gone Girl

看之前期待很高,
看完觉得还对得起票价~

开头的悬念还是能很容易猜得出背后的原因,
只不过真的猜不到结局,
这样的女人,还敢继续跟她过一辈子?!

不过真的,如偶像所说,
情侣们请慎重,不要一起去看啊~