...Bates Part I The Product: Incentives Lead to Growth A resurgence of the economy has brought old competition back into the Capital Finance arena, making new client retention harder to come by. To increase our profits and gain new clients to our portfolio, I have a vision of launching a client referral program. An incentive to our existing clients to refer their business vendors and customers will aid us in gaining prospects to our group. It will then be the Business Development Officers job to present the Letter of Interest, and sign the new client. To keep profits margins strong, this would not be a cash incentive, yet it would be monthly finance charge decreases for each client referred. A large portion of our clients finds difficulty in paying the quarterly finance charges, as some clients pay their sales and employee taxes quarterly. As a referral incentive, we will offer a percentage of fees waived. Mazon Associates, Inc (2015), a competitor of ours, offers a 10% referral fee payment based for the term of the client relationship. This small referral fee payment can make a big difference in our clients’ checkbooks. To stay competitive and grow in the asset-based lending market, we must do something that benefits the client to earn their trust and referral. If this product launch does not take-off quickly, we may need to implement into the Business Development Officers marketing collateral that is distributed on a monthly basis. Since the product depends on our Underwriting...
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...NCC BANK LTD. ANNEXUR- ‘A’ Loan Documentation Checklist |Borrower : |M/S.Chandra Spinning Mills Ltd. CD A/C# 0210008345 | |Registered Address : |240 Tejgao Industrial Area, Dhaka-1208 | |Status : |Private Limited Company | |Loan A/c. No.: |SOD(G) -0140000771, LTR, PAD,LFS. | |Sl No. |Nature of Facilities |Amount |Validity | |01 |LC/PAD |750.00 lac |30.06.2012 | |02 |LTR |700.00 lac |30.06.2012 | |03 |SOD(G) |50.00 lac |30.06.2012 | |04 |LDBP/FDBP |1000.00 lac |30.06.2012 | 01. General Documents: |Sl No. |Description ...
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...consumers within 100 miles of the park. Firms like Disney and Universal have both domestic and international tourists, the majority of which come from more than 100 miles away. This leaves Six Flags with limited same-park growth because they are limited to the population within driving distance to the park. Furthermore, an unfortunate sequence of events hit the company in 2009. The outbreak of the H1N1 (swine flu virus) caused the Mexico City park to shut down and negatively impacted two of the parks in Texas. The public’s view was negatively affected because of the bankruptcy news and weather deterred park-goers. Finally, Six Flags is a luxury some people couldn’t afford throughout the financial crisis and recession that hit the economy during this time. The financial crisis proved that Six Flags’ business model was not recession-proof. While barely managing to...
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...Tester Brilliant, brutal, overwhelming, a con job, those are all words that are being used to describe the new film �Precious,� which is based on the novel �Push� by Sapphire. It tells the story of a 16-year-old black girl living in Harlem in the Reagan years, whose impassive face and huge girth are no mask for the pain she is carrying - the pain of unrelenting physical and sexual abuse at the hands of both parents. But somehow she finds a way to survive. The film produced by entertainment superstars Oprah and Tyler Perry and produced and directed by Lee Daniels, who also produced such provocative films as �Monsters Ball� and �The Woodsman,� has already scooped up awards at various film festivals and been touted as Oscar material. But it has also opened up some difficult conversations about race and poverty, about sexual abuse, and about skin color, even about how black filmmakers portray dark-skinned people. In a few minutes, we'll talk about just how real �Precious� is. How real her story is. We'll talk to a human rights activist who advocates for incarcerated, women many of whom have been victims of exactly the kind of abuse depicted in the film. But first, we're going to talk about some of the cultural conversations being sparked by �Precious.� The online magazine the Root has published a number of pieces related to the film and two of the writers are with us now. Teresa Wiltz is the Roots' senior culture writer and she's also serving as interim managing editor. She's...
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...1-The way a creditor such as a bank or supplier obtains security for the credit they extend is by taking collateral in the debtor’s personal property. In order for a security interest to be legally enforceable it needs to be attached to the goods of the debtor. The UCC [9-203] lists the three basic requirements for attaching the security interest to the goods of the debtor. The first is an agreement where the debtor grants the creditor a security interest in the specific property the debtor has an interest in. Included in the agreement are the terms of default, a reasonable description of the collateral and any provisions the creditor wants to impose on the debtor. In addition the debtor must have rights on the collateral and the creditor must give the debtor value. 2-Creditors would seek to perfect their attachments in order to obtain maximum protection against other creditors. Perfection is the way a creditor attaches his security interest to collateral and obtains protection against other creditors or purchasers of the collateral from the debtor. The bank would write a financing statement against any personal property such as equipment or inventory that Elaine’s business acquired or will acquire in the future. The financing statement must include the names of both the debtor and secured party as well as a description of collateral covered. The bank would then file it with the appropriate public office. While any property acquired in the future would be attached...
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...Profile Summary: ------------------------------------------------- A capable, ambitious and successful investment banking professional with 3+ years of experience, who possess a broad and deep knowledge of Prime Services Stock Lending and Borrowing business. Gained expertise in cash collateral, Stock Loan billing, Trade Support , Equities Settlements and Reconciliation of securities Lending business / Stock Borrow Lending. ------------------------------------------------- ------------------------------------------------- Associate Process Manager at Eclerx-Credit Suisse Process: Stock Borrow Lending- Billing EMEA and NY (Equity Middle Office Operations) Period: Since Mar-2015 to till date. Roles and Responsibilities: * Settlement of SBL fees, rebates with various external counterparties, prime brokerage clients, PTH accounts and Platinum clients. * Reconciliation of Statements for settlement of fees. * Reconciliation of cash A/c’s (Intellimatch nostro) * Daily Reconciliation of BM vs Peoplesoft * Month end Glass reconciliation of pay-receive accounts in Peoplesoft. * Daily reconciliation of Intercompany accounts. * Working closely with Clients, Technology and various internal counterparts to ensure efficient client service. * Advise cash management team to ensure correct cash funding before currencies deadlines * Ensure all nostro breaks are reviewed as per defined age bracket and SLA (Service Level Agreement) with client...
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...Teamwork Unit 6 Criminal Procedure and Constitutional Protections CCL 2134-9 Instructor: Timothy R. Walsh Everest University Group C: Team C Timothy Moseley (Team Leader) Brandi Hendricks Victor Munoz Amanda Mroz 2 July 2009 Decide if Double Jeopardy, and Collateral Estoppel, applies in any of the four situations and explain why or why not. Double jeopardy is defined as “a provision of the Fifth Amendment of the United States Constitution that has been construed to prohibit an individual from being tried twice for the same crime prosecuted by the same sovereign jurisdiction unless the defendant waives the constitutional protection by appealing a conviction or otherwise” (Town, 2004, p. 584). Collateral Estoppel is defined as “where a fact necessary to the prosecution of a second but different case against the defendant has been clearly found in the defendant’s favor at the first trial, the defendant cannot be forced to relitigate the same fact a second time at a second trial involving the same sovereign” (Town, 2004, p. 583). 1) Where defendant fled by vehicle from California into Arizona, and both states tried defendant for drunk driving. “Double Jeopardy applies in this situation. The defendant is being charged with the same crime twice” (Hendricks, 2009). “This would be Double Jeopardy because he has been charged with the same crime twice” (Munoz, 2009). “The defendant broke the law in to different states so I don’t think that is would be a double...
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...Henry Lehman created a small general store selling groceries and dry goods to local farmers in 1844. Shortly after, Henry’s two brothers, Emmanuel and Mayer, joined the business. The three brothers established the business known as Lehman Brothers in 1850’s. The business transitioned from selling merchandise to commodities brokers, where they bought and sold cotton. Lehman Brothers grew rapidly due to the capitalization of high cotton prices. A partnership was formed with a cotton merchant that allowed Lehman Brothers to pursue other venues. Through strategic partnership the business survived the difficult times it experienced during the Civil War. Lehman Brothers opened a new office in New York which became the main campus for its operations. This office furthered their trading business and introduced them to the financial industry. In later years, Lehman became involved in the New York stock exchange where the underwriting business began. The firm grew rapidly and was very successful for years. After many years of hard work and success the company collapsed and filed for bankruptcy in 2008. Lehman had been unhealthy for a while and covered it up by secretly shuffling debt around to make its books look in order and deceive the real situation. Lehman used an aggressive accounting method to hide their losses and made it difficult for investors, executives and/or auditors to detect their actual financial status. This accounting method is known as REPO 105, which...
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...SMEs are very crucial. In addition to developing countries SMEs are important to almost all economies in the world. In many countries, SMEs are the key actors in generating well-brought-up employment in most developing countries involves the expansion of this sector fast enough to absorb people previously unemployed (a few) or engaged in low productivity informal sector jobs and the majority of jobs are provided by SMEs, In low-income countries, especially where the informal sector is large, but it is still significant. The SME sector’s contribution to GDP also confirms its economic importance. In high-income countries,...
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...Strategies for Reviving the Japanese Economy Introduction 1. Assessment of the Current Economy The Japanese economy has begun to show some signs of change as the effects of recent large-scale economic packages have gradually helped to stop the severe economic downturn. But despite this progress, private demand as a whole remains stagnant. Therefore, the economic prospects for self-supported recovery are still uncertain once the economic effects of the last packages have phased out. The fundamental problems pertinent to the weak economy are twofold. First, the true adjustment of the burst of the bubble economy is still insufficient. Second, against the background of the sharp decline in the number of births and the rapid aging of the population, the pace of which has not been experienced in other industrialized nations, the "Japanese system"--the engine of the country's astonishing high growth in the postwar era--has turned problematic with regard to economic growth. First, fears about employment prospects, future pension plans, and the sharp rise in government deficits are obviously restraining an economic turnaround. These fears are attributable to eroding sustainability in the Japanese-style wage and employment systems and the generous social security system. To cope with the situation, provisions of renewed safety nets are urgently needed. Furthermore, the rising fiscal deficits are restraining economic upturn by making people serious about future tax hikes...
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...The long run cost curve for most firms is assumed to be ‘U’ shaped, because of the impact of economies and diseconomies of scale. However, economic theory suggests that average costs will eventually rise because of diseconomies of scale. Types of economy of scale 1. Technical economies are the cost savings a firm makes as it grows larger, and arise from the increased use of large scale mechanical processes and machinery. For example, a mass producer of motor vehicles can benefit from technical economies because it can employ mass production techniques and benefit from specialisation and a division of labour. 2. Purchasing economies are gained when larger firms buy in bulk and achieve purchasing discounts. For example, a large supermarket chain can buy its fresh fruit in much greater quantities than a small fruit and vegetable supplier. 3. Administrative savings can arise when large firms spread their administrative and management costs across all their plants, departments, divisions, or subsidiaries. For example, a large multi-national can employ one set of financial accountants for all its separate businesses. 4. Large firms can gain financial savings because they can usually borrow money more cheaply than small firms. This is because they usually have more valuable assets which can be used as security (collateral), and are seen to be a lower risk, especially in comparison with new businesses. In fact, many new businesses fail within their first few years because of...
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...CHAPTER ONE INTRODUCTION Background of the study Ghana’s experience with macro-stabilization and structural adjustment appears to be in line with that of many other developing countries that have pursued similar policies. Their experience reveals that such programs do not lead automatically to the resumption of growth, let alone ensure the transition onto a higher growth path. The recent experience of transition economies has shown that price stabilization and opening up may not be enough to achieve a rise in the trend rates of investment and growth. Recognizing this evidence, policy emphasis has shifted to pinpointing complementary policies that will lead an economy from stabilization to growth. The policy debate today focuses on reforms. Ghana immediately after independence made tremendous effort towards achieving full employment and socio economic development through public investment in medium and large scale enterprises. Notwithstanding the direct involvement and the effort of the government, the sector is saddled with a lot of constraints, including scarce capital, intensive technology, foreign exchange constraints, poor management, corruption and inadequate attention to economic viability and market prospects which has resulted in poor performance of the industries in terms of output and employment (Steel & Webster, 1992). Following an economic recession in the 1980’s which resulted in the retrenchment of workers from the civil service, the rationalization...
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...giving rise to many opportunities although there are numerous risks. However, globalisation has much significance as it affects all our lives. It has benefited many as barriers have been lowered and it has fostered the increased integration of economies. According to Allen and Thomas (2000) ‘Globalisation is a ‘process which embodies a transformation in the spatial organization of social relations and transactions- assessed in terms of their extensity, intensity, velocity and impact-generating transcontinental or interregional flows and networks of activity, interaction, and exercise of power’(Allen and Thomas,2000, p.348). This essay will argue that the term globalisation does deserve the significance it has acquired in recent years, by exploring four themes through the lens of technological advancement, capitalism, the economic dimensions and the impact on the British economy. Globalisation as a concept is not particularly new but it has a historical background which predates 1870 and can be traced even further to earlier periods. Contemporary globalisation is more advanced with the growth of technology and governing institutions such as the IMF, World Bank and the European Union. There is a more prevalent interconnectedness of world economies, which has its positive and negative drawbacks. However, Allen and Thomas (2000) states that ‘globalisation involves much more than simply interconnectedness or a shrinking world, for it...
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...Development Vision foresees that by the year 2025, “Tanzania should have created a strong, diversified, resilient and competitive economy, which can effectively cope with the challenges of development and, which can also easily and confidently adapt to the changing market and technological conditions in the regional and global economy”. The challenge is therefore to mobilise human and other resources towards that goal. 2. Economic Reform Programmes implemented by the Tanzanian Government have been based on the philosophy that Tanzania is committed to a market economy whereby the private sector will take the lead in creating incomes, employment and growth. On the other hand, the State will be a producer of public goods, play a regulatory role to level the playing field and create conducive environment for the private sector to take the lead in driving economic growth. This philosophy is evident in almost all policy statements made since 1986 and in particular after 1996. The private sector has started playing an ever- increasing role in creating incomes and employment. Small and Medium Enterprises (SMEs) account for a large share of the enterprises active in Tanzania. In fact Small and Medium Enterprises are the emerging private sector and do form the base for private sector-led growth. 3. SMEs, important as they are to the economy, have been facing a number of problems despite the on-going reform programmes. This is due to a number of factors, one of which...
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...statistical package for social sciences (SPSS), which generated the frequency distributions, means, standard deviations, chi-square statistics, analyses of variance, etc of the responses. The hypotheses of this research which were tested at 0.05 level of significance using chi-square statistics hinged on identifying the greatest problem which SMEs face in Nigeria, the identification and ranking of the top ten problems or challenges of SMEs in Nigeria and the relationship between the form and nature of the business enterprise and its sources of funding for its operations. The major findings of this study include the following: SMEs have played and continue to play significant roles in the growth, development and industrialization of many economies the world over. In the case of Nigeria, SMEs have performed below expectation due to a combination of problems which ranges from attitude and habits of SMEs themselves through environmental...
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