...Charter Financial Bank + NutriStar Project and Production Management Tutorial Group 8 Replacement-Paper for the FIRST test Case I - Charter Financial Bank Charter Financial Bank recently got the Idea to develop a Website to promote bank services, to provide access to customer account information, and to allow individuals to apply online for loans and credit cards. In order to develop this Websites Ray Chopper, Vice-President of Information Technology at the bank, was assigned for this task and asks for help. For easier demonstration I renamed the Activities as follows: Benchmarking | Activity A | Project Plan and Project definition Doc. | Activity B | Website Design | Activity C | Developing the Website's Database | Activity D | Developing and Coding the actual Web pages | Activity E | Developing and Coding the Website's forms | Activity F | Test and Debugging | Activity G | Task 1: What is the cost of completing this project if no overtime is used? Ho long will it take to complete the project? Costs of Completing this Project | Normal | | Activity | Time (Days) | Costs ($) | A | 10 | 15000 | B | 5 | 3750 | C | 15 | 45000 | D | 10 | 9000 | E | 10 | 15000 | F | 7 | 8400 | G | 3 | 4500 | Total | | 100650 | Table 1 The total costs of completing this project if no overtime is used are $100650 (Table 1) The critical path of the project consists of the path A – B – C – (D or E) – G and has duration of 43 Days (Figure...
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... Establishing New Banks, Branches, ATMs, Telephone Services, and Web Sites Goal of This Chapter: The purpose of this chapter is to learn how new banks are chartered by state and federal authorities in the United States, to determine what makes a good site for a new branch office, to recognize how the role of branch offices is changing, and to explore the advantages and disadvantages of automated banking facilities. Key Topics in This Chapter • Chartering New Financial-Service Institutions • The Performance of New Banks • Establishing Full-Service Branches and In-Store Branching • Establishing Limited-Service Facilities • ATMs and Telephone Centers • The Internet and Online Banking Chapter Outline I. Introduction A. The Importance of Convenience and Timely Access to Customers B. Service Options Available Today 1. Chartering New (De Novo) Financial Institutions 2. Establishing New Full-Service Branch Offices 3. Setting Up Limited-Service Facilities II. Chartering a New ( De Novo ) Financial-Service Institution III. The Bank Chartering Process in the United States A. The Chartering Authorities in the U.S. B. Benefits of Applying for a Federal (National) Charter C. Benefits of Applying for a State Charter IV. Questions Regulators Usually Ask the Organizers of a New (De Novo) Bank V. Factors Weighing...
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...NATIONAL ASSEMBLY No. 70-2006-QH11 SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness LAW ON SECURITIES1 Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam as amended by Resolution 51-2001QH10 passed by Legislature X of the National Assembly at its 10th Session on 25 December 2001; This Law regulates securities and the securities market. CHAPTER I General Provisions Article 1 Governing scope This Law regulates activities being public offers of securities, listing and trading securities, conducting business and investing in securities, securities services and the securities market. Article 2 1. Applicable entities: Vietnamese organizations and individuals and foreign organizations and individuals participating in investment in securities and activities on the Vietnamese securities market. Other organizations and individuals related to securities activities and securities market activities. Application of Law on Securities, relevant laws and international treaties 2. Article 3 1. Activities being public offers of securities, listing and trading securities, conducting business and investing in securities, securities services and securities market activities must comply with the provisions of this Law and other provisions of relevant laws. If an international treaty of which the Socialist Republic of Vietnam is a member contains provisions which are different from those in this Law, then the provisions of such international...
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...Consolidated Reader-Friendly Edition of the Treaty on European Union (TEU) and the Treaty on the Functioning of the European Union (TFEU) as amended by the Treaty of Lisbon (2007) 2008 1 THE LISBON TREATY The Readable Version Editor: Jens-Peter Bonde © IND/DEM Group in the European Parliament email: jp@bonde.dk Cover: Henry Abela Publisher: Foundation for EU Democracy Printed at Notat Grafisk, Denmark - 2008 ISBN: 87-87692-72-4 EAN: 978-87-87692-72-4 2 Introduction The Treaty of Lisbon changed name from the "Reform Treaty" when it was amended and signed in Lisbon, Portugal, by the prime ministers and foreign ministers of the 27 EU Member States on 13 December 2007. The treaty retains most of the content of the proposed EU Constitution which was rejected in the French and Dutch referendums on 29 May and 1 June 2005, respectively. The Lisbon Treaty amends the Treaty on European Union (TEU) and the Treaty establishing the European Community (TEC), which is renamed "Treaty on the Functioning of the European Union" (TFEU). Following the parliamentary ratification of the Lisbon Treaty by all Member States by the end of 2008, it is aimed to have the Treaty come into force on 1 January 2009. Whereas the EU Constitution was to be subjected to a referendum in ten Member States, only Ireland is holding a referendum on the Lisbon Treaty. This is a consolidated version of the Treaty of Lisbon, including all articles in the TEU and the TFEU as amended by the Treaty...
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...REVIEW TOPICS CHARTERING AN AIRCRAFT * Charter aircraft business segments * Dangerous goods – definition / precautionary actions for air transport * Definition of AOG * Two issues that can affect the pricing of a charter * Basic Functions of the International Civil Aviation Organization * Glossary CHARTERING A VESSEL * Definition of chartered ship * Definition of affreightment * The Charter Party * Broker commissions * Know 3 of 5 case studies – the issue / the decision / the reasoning behind the decision: Granit S.A. -v- Benship Ehsa v Pohnpei Port Authority Auto Holdings Ltd v Silk & Boyd Ltd Ports Authority v Bounty Bay Moses v MV Sea Chase * List the 4 freight markets * BIMCO * Types of charters * Chartering terms: Both Ends Deadfreight Demurrage Free in and out Laydays Seaworthy Trim Supercargo Project Cargo * Definition of the term * Understanding of the pre-qualification notice * Understanding of an RFP * Technical proposal / Financial proposal * Describe a survey company * List and describe 3 principle activities of the survey company * List elements of value that survey companies provide to the seller / buyer / financial institution Transportation Law and Legal Liability * Definition of Common Law / Statutes * Constitution Act, 1867 * Constitution Act, 1982 * Definition of ‘Patriation’ * The Canadian Constitution: Federal...
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...1990 AN ACT PROVIDING FOR THE 1989 CHARTER OF THE AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILIPPINES, AUTHORIZING ITS CONDUCT OF ISLAMIC BANKING BUSINESS, AND REPEALING FOR THIS PURPOSE PRESIDENTIAL DECREE NUMBERED TWO HUNDRED AND SIXTY-FOUR AS AMENDED BY PRESIDENTIAL DECREE NUMBERED FIVE HUNDRED AND FORTY-TWO (CREATING THE PHILIPPINE AMANAH BANK) Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:: WHEREAS, the State, in Section 20, Article II of the Constitution, encourages private enterprise and provides incentives to needed investments; WHEREAS, under the Constitution, the use of property bears a social function so that the consequences in law also must be defined by policy objectives related to property rights in productive enterprises; WHEREAS, toward this end, the Government has committed itself to the establishment of an Islamic bank that operates within a legal framework permitting the investors or participants the rights to equitable or beneficial share in the profits realized from financing productive activities and other operations: Now, therefore. THE CHARTER OF THE AL-AMANAH ISLAMIC INVESTMENT BANK OF THE PHILIPPINES Section 1. Title. - This Act shall be known as "The Charter of the Al-Amanah Islamic Investment Bank of the Philippines." ESTABLISHMENT AND FUNCTIONS Section 2. Name, Domicile and Place of Business. - There is hereby created the Al-Amanah Islamic Investment Bank of the Philippines, which shall...
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...Week 3 Chapter 22.10 Referring to the mortgage in the note makes it to be non-negotiable. Holly Hill acres, Ltd. committed themselves to pay Rogers and Blythe through a promissory note and purchase money mortgage. This implies that whereas Charter Bank did not deal directly with Holly Hill acres, Ltd., they had every right to sue them since Rogers and Blythe effectively committed to pay the loan and offered Holly Hill’s promissory note as collateral. (Daniel F. Hinkel, 2008) Charter Bank has to go every extent to recover its loan from Rogers and Blythe and in this perspective, Holly Hill acres has to bear the brunt literally speaking. Under normal circumstances, it is not expected that a lender sues any third party but in this instance, the reference to the mortgage in the note seals the fate of Holly Hill. Chapter 23.8 The Angelini’s wins the case. When General was entering into an agreement, they knew for sure that Lustro was not only nearly insolvent but also that they had engaged in questionable business practices in the past. It is not legal to enter into a business agreement, more so a promissory note, with a dubious company. This means that General should bear full responsibility of entering into a dubious deal. (Daniel F. Hinkel, 2008) Lustro on the other hand did breach the law by assigning the note to General way before it had...
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...the Next Financial Meltdown 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, by Simon Johnson and James Kwak, is an analysis of the banking system in America and how they contributed to the financial crisis of 2008. These banks were facing the possibility of bankruptcy, and in turn the American government had an increasing need for these banks as the means to fund the necessary investments in the economy. 13 bankers, breaks down the American banking industry in how they have grown so big, so profitable, that they have become resistant to regulations. The banks grown to the enormous that the stability of the economy was dependent, giving they a political influence by pouring money into campaigns of congressional candidates and congressmen, assuring investment banks to maintain influence and position in the White House and the Treasury department. Theses “megabanks” had balance sheet assets that accounted for more than 60 percent of the country’s gross domestic product. In March of 2009, the presidents of thirteen of these “Megabanks” met at the White House with the President, Obama that gave a message, “everybody has to pitch in. We’re all in this together” –President Obama (13 Bankers, page 4) this message giving a clear indicator the thirteen bankers needed the government and in turn, the government needed these 13 bankers to maintain stability of the economy. Thomas Jefferson was strongly suspicious of the financial industry and of banks and feel...
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...Chapter One Why Are Financial Intermediaries Special? Chapter Outline Introduction Financial Intermediaries’ Specialness Information Costs • Liquidity and Price Risk • Other Special Services Other Aspects of Specialness The Transmission of Monetary Policy Credit Allocation Intergenerational Wealth Transfers or Time Intermediation Payment Services Denomination Intermediation Specialness and Regulation Safety and Soundness Regulation Monetary Policy Regulation Credit Allocation Regulation Consumer Protection Regulation Investor Protection Regulation Entry Regulation The Changing Dynamics of Specialness • Trends in the United States • Future Trends • Global Issues Summary Solutions for End-of-Chapter Questions and Problems: Chapter One 1. Identify and briefly explain the five risks common to financial institutions. Default or credit risk of assets, interest rate risk caused by maturity mismatches between assets and liabilities, liability withdrawal or liquidity risk, underwriting risk, and operating cost risks. 2. Explain how economic transactions between household savers of funds and corporate users of funds would occur in a world without financial intermediaries (FIs). In a world without FIs the users of corporate funds in the economy would have to approach directly the household savers of funds...
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...commercial banking is a middle business based on the security investment. The US bank started dabbling in this area since 19 century. Along with the increasing of securities quantity and variety, for controlling the cost and marginal profit, concentrating on developing the market, the investment institution delegated such business to professional institution. Based on such background, the investment security service, different with traditional banking business, from a simple reconcile and custody business to a highly sophisticated investor service business has been rapidly developed in the previous 30 years. I am working in the JPMorgan Chase Bank, worldwide security services division. Our main custody business clients are insurance company, direct invest institutions, bank, pension fund, QDII Fund. JPMorgan is the biggest custody bank in this world owns about 1.12 Trillion US dollars assets. In mainland China, custody is a very new business for JPMorgan starting from 2007. We own the license of QDII which is call the “Qualified Domestic Invest Institution”. From the starting point about 18 Billion RMB custody assets, in 2013, there are more than 80 Billion RMB custody assets in China mainland. Rapid growth is good news for every business but potentially there are potential risk in this competitive industry and JPMorgan is brand new comparing with such old bank: HSBC, Citic group and Standard Charter. Analysis: I use a SWOT model to analyze the current internal/external...
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...placing all banks under the Bureau of Treasury. The Insular Treasurer was authorized to supervise and examine banks and banking activities. | | | February 1929 | The Bureau of Banking under the Department of Finance took over the task of banking supervision. | | | 1939 | A bill establishing a central bank was drafted by Secretary of Finance Manuel Roxas and approved by the Philippine Legislature. However, the bill was returned by the US government, without action, to the Commonwealth Government. | | | 1946 | A joint Philippine-American Finance Commission was created to study the Philippine currency and banking system. The Commission recommended the reform of the monetary system, the formation of a central bank and the regulation of money and credit.The charter of the Central Bank of Guatemala was chosen as the model of the proposed central bank charter. | | | August 1947 | A Central Bank Council was formed to review the Commission’s report and prepare the necessary legislation for implementation. | | | February 1948 | President Manuel Roxas submitted to Congress a bill “Establishing the Central Bank of the Philippines, defining its powers in the administration of the monetary and banking system, amending pertinent provisions of the Administrative Code with respect to the currency and the Bureau of Banking, and for other purposes. | | | 15 June 1948 | The bill was signed into law as Republic Act No. 265 (The Central Bank Act) by President...
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...Vietnam generally and in its financial market as well provides investors diverse benefited opportunities. That’s the reason why I chose the subject to give the readers some comprehensive information about this new – opened potential financial and banking system. 1. History of the Banking System in Vietnam The development of the Banking System in Vietnam has closely linked with its national history. Before the August Revolution 1945 Vietnam was under the French colonialists’ rules. The banking and credit systems was founded and protected by the French colonial Government through the Indochina Bank, which acted as both the central bank of the whole Indochinese region (Vietnam, Laos and Cambodia) and a commercial bank. After the establishment of the Democratic Republic of Vietnam in September 1945 the new elected Government attempted building a monetary and banking system independently from French. In the second Congress of the Vietnam Workers’ Party (February 1951) President Ho Chi Minh signed decree on establishment of the Vietnam National Bank (Ngân Hàng Quốc Gia Việt Nam). On 21st January 1960 the Vietnam National Bank was renamed as the State Bank of Vietnam (Ngân Hàng Nhà Nước Việt Nam). After the fall of Saigon and the capitulation of South Vietnam’s Governors the two parts Vietnamswere officially united. With the founding of Socialist Republic of Vietnam, administrations and institutions of North and South Vietnam became unified. The National Bank of...
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...obligated to thank a few people who helped me along the way. Firstly, I’d like to offer my most sincere thanks to my supervisor, Dr. Giovanni Cespa for accepting to supervise me and putting me on the right track with this dissertation. Following, I’d like to thank my family for their moral support throughout the year. Last but not least I’d like to thank the entirety of the staff at Cass who helped further my education throughout the year. To all of you, Thank you Abstract The goal of this thesis is to evaluate and present the main alternative sources of finance for shipping corporations in the scope of the post-2008 market downturn. By “alternative” the author refers to any source finance that is not vanilla financing i.e. bank debt. Lists of benefits and drawbacks for each alternative source will be presented for all parties of the transaction in question. This is done in order to present an evaluation that will facilitate the reader in understanding the value of each source as well as potential costs and risks. While there are numerous alternative sources that could be covered, the emphasis has fallen only on those that carry at least a sizeable portion of market transactions. The study, similar to the industry itself, has a global character as the author felt that limiting the study to specific countries would give biased results. This study will by no means present the best source of finance for this particular industry. As will be stressed greatly...
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...1. SOUTH AFRICA: NATIONALISATION AND THE MINING SECTOR As of late, the political atmosphere has been clouded with varying judgements on the great issue of whether South African mines should be nationalised or not. The camp in favour of nationalisation, Former President of ANC Youth League, Julius Malema echoes the words of the Freedom Charter in that “The National Wealth of our country… the mineral wealth beneath the soil, the banks and the monopoly industry shall be transferred to the ownership of the people as a whole”. The camp not in favour sees this vision in a different light. Nonetheless, this essay investigates the feasibility of nationalising the country’s mining sector from both a theoretical and empirical stand point. 2. WHERE IT’S ALL STARTED Nationalisation of mines has been called for in order to give back to the country as the government will have direct control over the sector. This, they believe, will present more employment opportunities, better working conditions for miners, a more efficient distribution of income and overall improvement in service delivery. Julius Malema (the main instigator behind the call for nationalisation), proposes that the state take a controlling share of 60% in all private mines, all which will be managed by a state owned mining firm (LeadershipOnline, n.d). According to Malema, nationalisation will achieve the following: ➢ Increase the State’s budget for social development objectives; ➢ Be a basis from which the...
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...nationalism throughout the country. Economic and territorial growth both contributed to the postwar expansion. These were also factors in the resurgence of nationalism along with several others. This positive movement was not without some turbulence. Several factors led to the postwar expansion. Most of these factors were the consequences of lessons learned during the War of 1812. It effectively exposed the inadequacy of the current transportation and financial systems. Following the closing...
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