...The World of Finance FINA310 AIU Brandi Cameron The World of Finance A leading global operator of financial markets and provider of innovative trading technologies, NYSE Euronext is the holding company and the first cross-border exchange group created by the combination of NYSE Group, Inc. and Euronext N.V., on April 4, 2007. The Company’s exchanges located in Europe and the United States trade equities, futures, options, fixed-income, and exchange-traded products. With approximately 8,000 listed issue from more than 55 countries, NYSE Euronext's equities markets—the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca—represent one-third of the worlds equities trading and the most liquidity of any global exchange group (NYSE Euronext, 2011). NYSE Euronext began trading publicly on March 8, 2006 under the NYX ticker. The historic combination of the NYSE Group and Euronext in 2007 created the first truly global exchange group, and brought together major marketplaces across Europe and the United States, whose histories stretch back more than four centuries, including the New York Stock Exchange which was formed with the signing of the Buttonwood Agreement in 1792. NYSE Euronext is represented in the S&P 500 index, and is the only exchange operator in the Fortune 500 (Nyse Euronext, 2011). As one can see, the NYSE Euronext has been in operation for hundreds of years. It provides people with the ability to trade globally and locally. This...
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...The World of Finance Financial Management Denise Milligan American Intercontinental University- Online FINA310-08 Unit 1 IP Professor Michael James January 10, 2013 Introduction Stocks which are also known as equities, gives the stock owners or stockholders a share of ownership in the firm. People who buy stocks are known as investors and investors but stocks to make money. Some investors buy stocks to be able to vote shares and by doing so have some control of the company. Companies that sell their stock do so to raise capital for new product lines, expansion into new markets, or expanding existing facilities or building new facilities. These stocks are bought and sold, also known as traded, in the stock market. Two of those markets are the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ) (Career Education Corporation [CEC], 2012). NYSE The NYSE is a security exchange that trades stocks and bonds between investors. Corporations provide their stocks and bonds to be traded on the exchange to build capitol. The NYSE has a designated specialist for each stock, the stock is trade on what they call the trading floor at the NYSE building in New York, and this is an auction market. The designated specialist is a human shield designed to protect the stocks in case there are problems with the electronic trading (Brooks, R., 2013, p. 186). The NYSE has been a public exchange since 2006 but began trading...
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...BMQ # 352823 Questions: Choose an organization delivering goods and/or services globally. Provide a background of the organization Fully describe six components of the organization's supply chain. Examine the potential problems related to each of the components described Explain the approaches of the organization for solving the problems. Response below: TITLE NAME COURSE DATE Introduction Supply chains are the process of moving merchandise; beginning from buyer orders, to raw materials, to supply, through production; thus, final distribution of the merchandise to customers. Every company has a supply chain of some differing degree. Dependent upon organizational size and the category of manufactured goods. This supply chain system obtains components and supplies, changes them into finished products, and then distributes them to consumers. Background of the organization Wal-Mart serves its customers over 200 million times per week, at approximately 8,692 retail units, beneath 55 singular banners, within 15 different nations. As of fiscal year 2010, sales were approximately 405 billion dollars. Wal-Mart employs approximately 2 million associates worldwide and is ranked #1 on Fortune's Global 500 list (Wal-Mart, 2010). Despite the global recession, including high gas prices and higher unemployment, Wal-Mart's international sales continue to increase. Wal-Mart's CEO Michael Duke told shareholders, "Global markets are "becoming an even bigger and more...
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...XXXXXXXXXXXX SHIPPING COMPANY TERMS AND CONDITIONS OF CARRIAGE 1.Defination Carrier mean the party on whose behalf this Bill of Lading has been signed “Merchant” includes the chatterer, the shipper, the receiver, the consignee, the holder of this Bill of Lading and the owner of the goods. “Ship” includes any vessel owned, chartered or operated by the carrier used in the performance of the contract evidenced by this Bill of Lading carriage includes the river part of route, if any. 2.Paramount clause This Bill of Lading shall have effect subject to the Vietnamese maritime code approved by the National assembly of the socialist republic of Vietnam on 30th June,1990 and any amendment and modification there of however, in case this Bill of lading is issued in the country where the National law requires that the contract evidenced by this Bill of Lading shall take effect subject to the International. Convention for the Unifications of certain rules relating to Bills of Lading signed at Brussels on 25th August 1924 (the Hague rules arteries I to VIII) or Hague rules shall compulsorily apply to the contract evidenced by this Bill of Lading. Neither the Hague rules nor the Hague/Visby rules shall apply to this contract where the goods carried Hereunder consist of live animals or cargo which by this contract is stated as being carried on deck and is so carried. Nothing Herein contained shall operate to limit or deprive the carrier of any statutory protection from or limitation of...
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...The NYSE, also known as the New York Stock Exchange, was formed by twenty- four New York City stockbrokers, in 1792. (Money-Zine, (2012). For a company to be listed in the NYSE, it must have in excess of 2,200 shareholders, and have an average daily trading volume of at least 100,000 shares. In other words, the company has to be big, very profitable, in order to be listed. NASDAQ is another well known stock exchange. It was developed in 1971, and is the first electronic stock exchanged in the world. It was also recognized, as the most technologically-savvy stock exchange in the world. (Money-Zine, (2012). In the 1990’s NASDAQ, was seen as a competitor for NYSE, and beat the NYSE in annual shares traded. To compete, further, with the NYSE, NASDAQ merged with American Stock Exchange, which created the NASDAQ-AMEX Market Group. The companies, still operates as two separate stock exchange companies, but are still merged together and able to compete with NYSE. (ADVFN, (2012). The NYSCE, and NASDAQ, are both stock exchange companies. The purpose of the stock exchange is to compete with many other companies for investor’s money. In order to use the NYSE, the company has to be very big, or very profitable, but there are other exchanges that will help with the smaller companies. Another difference is that the NASDAQ uses a more virtual effect on the trading. The NYSE, uses its floor, in making stock markets sales, where as the NASDAQ, uses network computers that allow for extremely...
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...1. What is Islamic Finance? Islamic Finance Definition Islamic Finance is differs from conventional finance in that Islam prohibits charging interest on loans. It involves the provision of financial products and services by institution offering Islamic Financial Services (IIFS) for Shariah approved underlying transaction and economic activities, based on contract that comply with Shariah law. Shariah is the factor that distinguish Islamic Finance from Conventional Finance. . Islamic finance is a form of finance that is based on Shariah, or the body of Islamic law. Shariah, “the way to the source of life” is filled with moral purpose and lessons on the truth, and is more than just a set of legal rules. Shariah represents the idea that all human beings and governments are subject to justice under the law. It is common to use the term “Shariah-complaint” to describe anything that is permissible under Islamic law. Shariah prohibits the acceptance of a specific interest or fees (Riba) for loans of money. Islamic finance involves structuring financial instruments and financial transactions to satisfy traditional Muslim strictures against the payment of interest and against engaging in gambling. It is a field of growing importance for conservative Muslims, especially in the Middle East, who are uncomfortable with Western-style bonds and banking that involve explicit payments of interest Shariah, the law of Islam, originates from two principal sources: the Quran, the Holy Book...
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...recommend adding leasing as source of finance that Eco World can procure. Leasing or renting out assets is a valid source of finance. The most common example is to rent out office space for other company. Most companies just simply sign a lease with the landlord instead of bundling cash in the purchase of the building or in investing in improvements to the leased property. For example, a company are growing rapidly and need to add storage and distribution space to their products. The company negotiated with the owner of Eco World to make improvements and then increased the rent proportionally to cover the additional costs. This arrangement allows companies to use cash internally and to improve the improvements of the buildings during the lease term. Leases are the most common assets with extended service lives of buildings and capital equipment. Structural leasing of capital equipment is also...
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...the role of development finance in economic development in Sub-Saharan Africa. Development Finance is practice of using scarce financial resources in an unconventional ways in order to advance economic activity(ies). According to (Nyembezi, 2009), development finance makes the economy run smoothly and effectively. The aim of the development finance is to look at the challenges and design the framework as well as stimulating core activities that will develop the economic growth. As stated by (Nyembezi, 2009) development finance, in an economy, can be compared to oil in a vehicle engine that ensures its sound and smooth operation. According to (Ocran, 2012), development finance is concerned with the financing of development at: • Household level • Firm level • Geographical area/national/regional level This paper looks at the role of development finance at national and regional level in economic development in Sub-Saharan Africa. The Organisation for Economic Co-operation and Development (2002) defines development finance officially as funding “used in measuring the inflow of resources to recipient countries: including (a) bilateral official development assistance (ODA), (b) grants and concessional and non-concessional development lending by multilateral financial institutions, and (c) Other Official Flows for development purposes (including refinancing Loans) which have too low a Grant Element to qualify as ODA”. The role of development finance and economic growth The...
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...3nd Semester of SCMS (UG) NOIDA, hereby declare that the Project on “ G-20 Major Economies” is for the partial fulfillment of course objectives for the BBA Degree. I assure that this project is the result of my own efforts and all the information and facts furnished in this Project are based on our intensive study. Date: 15/10/2012 Name:Sahib Deol Place: Noida Introduction The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank. The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for more than 80 percent of the gross world product (GWP),00 80 percent of world trade (including EU intra-trade), and two-thirds of the world population. They furthermore account for 84.1 percent and 82.2 percent of the world's economic growth by nominal GDP and GDP (PPP) respectively from the years 2010 to 2016, according to the International Monetary Fund (IMF). The G-20 was proposed by former Canadian Prime Minister Paul Martin[5] as a forum for cooperation and consultation on matters pertaining to the international financial system. The group was formally inaugurated in...
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...GCC P. 28 GIF Magazine Special Report: Takaful in 2010 and Beyond P. 23 gif Interview Interview with Dr. Alberto Brugnoni: “Islamic Finance is not the exception, but the rule of normal financial behaviour” . Dr. Alberto Brugnoni is an international consultant in Islamic finance and ethics and is Founder and Director General of AASAIF, an organisation that participates in some of the most important international initiatives in Islamic finance. Dr. Brugnoni acted as Chair for the recent International Takaful Summit 2010 in London and moderated the session entitled “Enabling and Expanding the Scope of Takaful”. Here, Dr. Brugnoni speaks with Global Islamic Finance Magazine about why the Summit was such a big success, his work with Islamic microfinance, and the state of the Islamic finance industry in Europe. How did you find the International Takaful Summit? It was a great success for two reasons. 1) It was very well attended, with more than 450 delegates signing in. 2) We had institutional support. Nick Anstee, the Lord Mayor of London attended the opening session and spoke, as well as sitting in on several sessions. We also had dinner in the House of Lords at the invitation of Lord Mohamed Sheikh, which added credibility to the event. It was nice weather, nice atmosphere: It was 38 Global Islamic Finance September 2010 not just a formal event but also provided the opportunity for networking. To be honest with you, sometimes conferences can be hot air...
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...although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. Many of these are multilateral development banks (MDB). TYPES Multilateral development bank A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development. MDBs have large memberships including both developed donor countries and developing borrower countries. MDBs finance projects in the form of long-term loans at market rates, very-long-term loans (also known as credits) below market rates, and through grants. The following are usually classified as the main MDBs: • World Bank • European Investment Bank(EIB) • Asian Development Bank (ADB) • European Bank for Reconstruction and Development (EBRD) • Inter-American Development Bank Group (IDB, IADB) • African Development Bank (AfDB) • Islamic Development Bank (IsDB) There are also several "sub-regional" multilateral development banks. Their membership typically includes only borrowing nations. The banks lend to their members, borrowing from the international capital markets. Because there is effectively shared responsibility for repayment, the...
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...Islamic Finance: A Therapy for Healing the Global Financial Crisis Miranti Kartika Dewi 1 *Researcher of Centre for Islamic Economics and Business ** Lecturer of Department of Accounting Faculty of Economics, University of Indonesia Ilham Reza Ferdian * Student of Master of Science on Finance Programme Kuliyyah of Economics and Management Sciences International Islamic University Malaysia ** Fellow of PT. Bank Muamalat Indonesia ABSTRACT Global financial crisis which hit many too-big-too-fail countries and financial institution in the world was mainly made happen by debt securitization. Derivative instruments resulted from this process obviously were not backed by real asset. When any party came up with investment on these instruments, the investment would never support the development of real sector economy, instead, it just worsen the situation by creating bubble economic. This condition becomes more harmful when the securitized debts default. This practice is strictly forbidden according to Islamic finance principles. It has inherent risk management tools to prevent the crisis. This paper attempts to examine the root of the financial crisis and find the solution from Islamic finance principles. Keywords: Financial crisis, Derivative, MBS, CDO, CDS, Islamic finance 1 Corresponding author can be contacted by email: miranti_k_dewi@yahoo.com. “The credit and capital markets have grown too rapidly...
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...This essay will provide a comparison between Islamic Finance and conventional Finance principles. In order to do this, firstly it is necessary to determine the scope and establish some of the fundemental concepts that define Islamic Finance, or "Sharia compliant banking" as it is often referred to. After this, it will be possible to discuss some of the advantages that Islamic Finance institutions have over the typical conventional banks. As of 2014, Islamic Financial institutions represented around 1% of the total assets throughout the world, with an estimated value of around $2 trillion. There exist in the region of around 300 institutions throughout the world that adopt a financial approach dictated by the principles of Islam. This number has been growing as a result of the financial crash in 2008 where many conventional banks faced liquidity issues; investors disillusioned with the performance and practices of conventional banks increasingly sought to invest their assets with Islamic Finance institutions. However, the fact that only 1% of institutions currently adopts the Islamic Finance approach shows that conventional banking methods are still more popular with investors and institutions alike. Most of the Islamic Finance institutions are based in the Middle East, but there has been a significant increase in Islamic Finance institutions in the main financial centres of this world (London, Shanghai and New York). The following table displays some of the similarities...
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.... 1St Unit – Introduction to International finance ‘A’ section. G01 1) What is the objective of International Business? 2) What is MNC? 3) What are the components of Input market? 4) Name the various sources at the micro level of a company? 5) As for as India is concerned what is the Macro view of foreign flow? 6) What you mean by output market? G02 1) What you mean by sectoral Interdependence? 2) What is Foreign exchange risk and Political risk? 3) How licensing and franchising are different? 4) What motivates International Business? Section B G03. 1) Bring out the various factors of differences leading to interdependence. 2) At the micro level of a company what are the sources of Finances? 3) What are the significance of input market and output market? 4) What is the relevance of international finance to a corporate executive? G04 1. What are the distinguishing features of International finance? 2. What are the key decision areas in International Financial Management? 3. What is market imperfection in international finance? 4. What are the various risks involved in international finance? 5. What is the scope of international finance? Section C G05 1) “The emergence of International trade is attributed to sectoral...
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...developing countries are in need of fundamental reform. Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction. However, the progress of integration has been uneven for many decades, especially for underdeveloped countries. Policies that make an economy open to trade and investment with the rest of the world are needed for sustained economic growth. The evidence on this is clear. No country in recent decades has achieved economic success, in terms of substantial increases in living standards for its people, without being open to the rest of the world. This problem resonates deeply with me and I hope to someday work on finding solutions. I am convinced that financial sector reform within these countries would inspire the development of steady financial systems as well as the dismantling of barriers to international capital flow. It is for this reason that I am applying to the graduate program in management at Stanford University. I seek the skills and knowledge I need to participate in a doctoral program and pursue a PhD in international finance and economics....
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