In June 2010, WSFS Financial Corporation filed form S-3 Rule 415 and announced t

Question

In June 2010, WSFS Financial Corporation filed form S-3 Rule 415 and announced that the company will be raising $150 million over a three-year period and using funds for working capital and general corporate purposes.

1) The previous case is an example of:
a) Seasoned equity offering
b)Private placement
c)Shelf registration


2) The process through illiquid assets or a group of assets are pooled together and standarized so that they can be traded among buyers and sellers is called______________.

a)private placement
b) securitization

Explanation / Answer

1)correct option is "C" -shelf registration.

shelf registration is a type of public offering where certain issuers are allowed to offer or sell securities to a public without separate prospectus for each act of offering.It is generally used when comapny has no intention of selling all securities being registered.

2)correct option is "B" -securitization.

secrutization is a process of pooling illiquid assets which can be traded among buyers and sellers.

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