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Accounting Videos 351 videos

Finance: What is Collateralized Mortgage Obligation (CMO)?
65 Views

What is Collateralized Mortgage Obligation (CMO)? A CMO is a mortgage bond that consists of a large number of different individual mortgages bundle...

Finance: What are Secured Bonds v Unsecured Bonds, and what is Non-Recourse Debt: Debentures (Subordinated and Senior)?
68 Views

When a bond is secured, it means it's protected, i.e. there are assets that would be forfeited if repayment is not made. When it's unsecured... it'...

Finance: What is Counterparty Risk?
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What is Counterparty Risk? Counterparty risk is the risk to either party within a transaction that the other will not or be unable to abide by the...

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Finance: What is mark to market? 2 Views


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Description:

What is mark to market? Is it when Mark Zuckerberg writes the stock market a letter, thanking it for being a friend?

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English Language

Transcript

00:00

Finance a la shmoop what is mark-to-market?

00:06

alright well Google was private for a long time before it went public public [Google timeline appears]

00:12

mutual funds bought the shares of the company when it was private, the company

00:16

did a few later stage B C and D rounds before going public in 2004 and each

00:22

iteration those subsequent rounds valued the company more highly so a mutual fund

00:27

invested say 20 million dollars in the B round they would have seen the C round

00:32

done at maybe double the valuation and while that mutual fund would then

00:36

mark to market or mark up their twenty million dollar investment to now be

00:42

worth forty million dollars even though the stock of goog was not yet publicly

00:46

traded and then it came along the D round which was done at triple the [D round investment appears]

00:50

valuation of the C round so then those shares of goog would have to be again

00:56

marked up or marked to the new current market valuation which was three times

01:01

the previous rounds valuation of 40 million aka a hundred twenty million

01:06

bucks today eventually the company did go public and there was no longer need [Google stock price rises on graph]

01:11

to mark its value to the market because well the market valued it basically

01:16

every second of the trading day if you want to learn more about all this stuff

01:19

well then you can just you know google it

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