...A financial market is a market in which people and companies can trade financial assets such as stocks, bonds, currencies, commodities and so on. The basic three items sold in a financial market are: stocks, bonds and exchange currencies. Some of the biggest financial markets around the world are Hong Kong, United States and the United Kingdom. Economically, the GCC countries which consist of six countries: UAE, Oman, Saudi Arabia, Kuwait, Bahrain and Qatar; have been mainly dependent on oil and petroleum trading. Although finance in the GCC has grown to be a vibrant industry, but the GCC financial markets remain small and behind their potential globally. Since the beginning of the last decade, the GCC tried changing the strategy and going more into the financial markets. In the past five years, this strategy went to partially fall apart. The global financial crisis affected the finance business dramatically and the Gulf region did not handle it that well. Although the global view to the GCC financing has not been positive, but the GCC has been working and trying with all their efforts to develop their market and move forward. Saudi Arabia Stock Exchange, Tadawul ( TASI ), came along in the mid 1930's but remained informal until the early 1980's when the government formed a regulated market for trading with the required systems and techniques. It lists 159 publicly traded companies ( as of September 2, 2012). There are 15 sectors in the Saudi market which are: Banks &...
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...The topic I choose to research on is the effect of short selling on economy. Short selling is when an investor borrows shares of trading security fro his or her brokers, sell the stock immediately, and use the proceeds to buy back the stock at a lower price. Essentially, it is a way for investor to profit when the price of a trading security goes down. Since I am finance major, this topic is highly relevant to me an I want to know more about it. I first used Google to search for information about short selling. I used the search terms “short selling article.” Google returned a large amount of links, mostly website explaining and discuss the concept of short selling. Many popular articles about the topic showed up. However, when I tried to find scholarly article about the topic, the results were very limited. Most of time, it took me to a site with an abstract of scholarly articles. I then tried using a search limiter such as putting quotation marks around “short selling” and “scholarly articles.” All it returned were sites that want me to pay for the scholarly articles. I guess using Google is great when one needs to get acquainted with new topic and read popular articles, but is very ineffective in find scholarly articles that are relevant to a topic. Next, I tried using a meta-search engine call called Dogpile. Dogpile displays the combined results from general search engines such as Google, Yahoo, Bing, Yandex. The results were much more comprehensive...
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...FIN 701 Reading #2 – Confusion runs deep about Cdor amid suspicions rate is brokenCaroline Kubrak Maciel - #500302704 | The Canadian investment industry’s self-regulatory organization has found that the process for setting Cdor, the Canadian version of Libor, is murky, complex and could be manipulated, but stopped short of making concrete recommendations on how to fix it. Cdor, or the Canadian Dealer Offered Rate, is supposed to reflect the rate at which banks lend to one another and, like Libor, it’s calculated by a daily survey of big banks. While most people have never heard of it, Cdor is incredibly important in the fixed income market, affecting prices on some $6-trillion of loans, futures and interest rate swaps. Despite its role as the mainspring of much of the bond market, no regulator has direct responsibility for Cdor, the banks involved employ complex and often inconsistent methodologies in coming up with their submissions and transparency is lacking, according to a review by Investment Industry Regulatory Organization of Canada that was published on Thursday. IIROC announced its probe back in July, explaining at the time that the step was in response to the rate-fixing scandal around Libor and not because of concerns it had about the Canadian benchmark. International regulators are investigating more than a dozen international banks for alleged manipulation of Libor, with two players — UBS AG and Barclays PLC — having paid about US$2-billion in settlements so...
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...Scope City, Incroporation Danchen Yang Instructor: Tomas Hanson Company’s Core Business Scope city, incorporate is a manufacturer, reseller, and importer of optical equipment that are advanced. The optical equipment includes nautical optics, consumer telescopes, and accessories. The company has grown from a repair shop in Texas to a leader in the region for optical products that are of good quality. The company is known for quality customer service and the ability of the firm to repair even instruments that are obscure by making them unique. Scope city made an initial public offer and it was a success especially because of their satisfied customers. The return of comet Halley made the sale of amateur telescopes increase in numbers. Average annual rates of growth for revenue and net income Revenue and income growth |Year |Revenue ‘$’ |Net income ‘$’ |Percentage change in net |Percentage change in | | | | |income |revenue | |1994 |7,500,000 |900,000 |- |- | |1995 |10,312,500 |1,267,500 |40.83% |37.5% | |1996 |12,000,000 |1,440,000 ...
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...Internship Report: HRMP in Standard Chartered Bank Abstract According to the universalistic perspective, organizations from different sectors, across industries, and through different time periods should use a series of select human resource management practices (HRMP). The main principle of this paper is to investgate whether i there is any relationship between HRMPs and organizational performance, regarding Standard Chartered Bank in Bangladesh. This study aims to investigate the relationship of training, employee participation, and selection with perceived organiz ational performance in the context of Standard Chartered Bank in Bangladesh. This study is co -relational in nature and it will examine the correlation among these variables. A single set of sample will be considered for this study and that will be the employees of Standard Chartered Bank. A set of structured questionnaire will be distributed among 200 respondents. Regression analysis will be conducted for the purpose of data analysis. -1- Internship Report: HRMP in Standard Chartered Bank Origin of the Report The BBA internship program is a mandatory requirement for the students who are graduating from the BBA program under the School of Business of North South University, Bangladesh. In the internship program, I was attached to a host organization named µStandard Chartered Bank¶ for 12 weeks. During this period I learned how the host organization works with the help of the internal supervisor....
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...it. Table of Contents Page Declaration i Certification ii Dedication iii Acknowledgement iv Abstract v Terminologies vi Table of Contents vii CHAPTER ONE 1.1 Background of study 1 1.2 Statement of the Problem 5 1.3 Objective of the study 5 1.4 Significance of the study 6 1.5 Scope of the study 6 1.6 Methodology 6 1.7 Limitation 7 1.8 Chapter organization 7 CHAPTER TWO 2.1 Introduction 8 2.2 Description of small scale Business 8 2.3 Definition 8 2.4 Characteristics 9 2.5 The concept of Finance 11 2.6 Definition of Finance 11 2.7 Sources of Finance 12 2.8 Internal sources of Finance 12 2.9 Problems of Finance 20 CHAPTER THREE 3.1 Introduction 26 3.2 Research Area 26 3.3 Population of...
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...The UNOFFICIAL GUIDE to INVESTMENT BANKING Issued by CONTENTS MYTHS AND REALIT IES 6 OVERV IEW OF INVE STMEN T BANK ING INTRODUCTION 4 WHY AN UNOFFICIAL GUIDE TO INVESTMENT BANKING? 3 ASSET 8 MANAGEM ENT 12 GLOBAL BANKING FINANCE 10 GLOBAL MARKETS 16 HUMAN ES RESOURC 20 22 GROUP TECHNOL OG & OPERA Y TIONS LEGAL, RISK & CAPITAL 24 WORKING THE PROCESS TOP TIPS 28 30 GLOSSARY Why an “Unofficial Guide to Investment Banking?” The aim of this guide is to give you a fresh view of investment banking. A brochure is helpful, but can read a little like a catalog. We think you need to know what your life would really be like, challenging out-of-date myths and stereotypes, so you are able to make the most informed decision possible. This is an honest look at investment banking and is based on the experiences of people just like you, who have now gone through the graduate program and come out the other side with blossoming careers. It is the inside story of investment banking written by analysts for graduates, and you won’t hear this tale anywhere else. We’re going to tell you about all the divisions you could work for, what life’s really like for analysts and show you that there’s more to banking than pitch books, power lunches and pinstriped suits. And if you still want to go into banking once you’ve heard the inside scoop, we’ll tell you about how to get there and...
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...UNIVERSITY OF TORONTO at Scarborough Management MGTC09 (Intermediate Finance) Midterm Exam Total Marks: 100 ASSIGNMENT 1 Date: February 24, 2010 Time: 5:10-7 p.m. Due Date : June 3, 2010 by 11 am Prof. Syed W. Ahmed QUESTION NO. MAX. MARKS MARKS OBTAINED 1 20 __________________ 2 25 __________________ 3 25 __________________ 4 30 __________________ 100 __________________ TOTAL MARKS QUESTION 1: Ellesmere International has 1 million shares of common stock outstanding. The current share price is $25 per share. The most recent dividend was $1 and the growth rate is 5%. Ellesmere also has a bond issue outstanding, which is maturing in 25 years, has a face value of $20,000,000; 8% coupon payable semiannually, and sells for 125.73%% of the face value. Ellesmere also has 500,000 preferred shares outstanding, which are currently selling for $40 per share and pay a dividend of $2 per year. The corporate tax rate is 40%. Determine the weighted average cost of capital? QUESTION 2: Equity Unlimited (EU) an all equity firm expects EBIT of $1,000,000 next year, after that it will decline at 2.5% per annum. The corporate tax rate is 40%, and cost of unlevered equity is 10%. EU is considering replacing some of the equity with perpetual debt. It has been determined that risk of bankruptcy is a function of amount of debt. PV of bankruptcy related costs will be $2,000,000. EU is considering the following debt...
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...[pic] 25765 | Corporate Finance AUT | 2014 UTS: FINANCE Discipline group CASE STUDY COVER SHEET |Surname |Initials |Student number |Signature * | |Ng |J.W.C |88340722 | | |Yeung |L |00049344 | | |To |R.E |10576142 | | |Afsahi |E |11364015 | | |Wei |B |11924368 | | * By signing your name, you agree that you have read, understood and followed the advice in the subject guide concerning cheating and plagiarism. Case Company: Super Retail Group (ASX: SUL) Lecturer: Dr Gerhard Hambusch Lecture day & time: Monday 3:00 PM | | Table of Contents 1. EXECUTIVE SUMMARY 2 2. COMPANY AND INDUSTRY OVERVIEW 3 3.1 Historical Company Leverage Financing & Peer Industry...
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...PROBLEMES ECONOMIQUES CONTEMPORAINS Exam final: 4-5 questions de cours Chap 1 : Partage de la VA Chap 2 : Inégalités et pauvreté Chap 3 : Problèmes liés à l'environnement (20/01/12) CHAPITRE 1 : PARTAGE DE LA VALEUR AJOUTEE (VA) INTRO : Le problème du partage de la VA, est un problème où sont mis en exergue le rôle des agents économiques et surtout leurs rapports de force précisément nous étudierons les rapports de force entre 3 types d'acteurs : apporteurs de capital (AC) ou capitalistes, les dirigeants, et les exécutants. La lutte pour le partage de la VA va nous permettre de concevoir un mécanisme de détermination du montant des rémunérations des agents économiques (pas de rémunération à la productivité marginale). Nous aboutirons à un constat : les rémunérations dépendent des rapports de force entre les acteurs. D'autres éléments rentreront en ligne de compte, le fonctionnement du marché financier, le rôle de la BCE, l’état de crise d'un pays, tous ces éléments peuvent modifier les inégalités de partage de la VA. I. La richesse Le PIB est l'indicateur le plus utilisé pour mesurer la richesse d'un pays. Il existe plusieurs méthodes (méthodes de production (Y), revenu...) Parfois le PIB augmente pour des causes négatives = externalités négatives A) Définitions *VP (valeur de la Y d'un pays) : il s'agit du montant de ce qui a été effectivement produit (en valeur monétaire) durant 1 année (incluant les variations de stock) *Ci (consommations intermédiaires)...
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...Memorandum To: DeLaune/Simonov From: Courtney Lancaster Date: October 15, 2013 Subject: History of the Auditing Profession Similar to all aspects of the accounting profession, the auditing focus in the business world has evolved considerably over its history. The main drive behind the changes has been new legislation and a strict enforcement standard which more times then not was influenced by the fraudulent activity delivered by corporate management. By the creation of oversight policies and standard setting entities, these countless scandals have shaped the accounting and auditing profession into what we know today. In 1986 the state of New York passed legislation in which the credentials regarding a Certified Public Accountant were formally acknowledged and recognized, thus creating the accounting profession itself. In 1913 the United State of America ratified the 16th amendment leading to the creation of income tax causing a spike in demand for accountants. While these changes in legislation were coming about and the profession itself was growing rapidly there was still no entity in the US that regulated the profession. In 1917 the first step to set a standard for the profession was put into action. The Federal Reserve Board and Federal Trade Commission requested that American Institute of Accountants produce a bulletin for a standardization of auditing procedures. A publication titled “Uniformed Accounting” was released shortly after as a first set of published...
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...The purpose of the prospectus is to ensure that the company gives to the public a certain amount of information about its financial position when it is first floated and whenever it subsequently offers its shares and debentures to the public. It must fully and fairly disclose the relevant facts so the risk of investment can be assessed (Vanessa, 2011). Prospectus is a way to give the public a clear understanding of newly listed companies, the investing public should take time to read before investment. The providing of prospectus can also reduce the risk of fraud of companies as they need to disclose their companies’ information fully and fairly. From the Companies Ordinance, prospectus means any prospectus, notice, circular, brochure, advertisement, or other document which offering any shares or debentures of a company to the public for subscription or purchases, or calculated to invite offers by the public to subscribe or purchase shares or debentures. If the shares or debenture are offered to any section of the public, whether selected as members or debenture holders or as clients of the person making the offer or invitation, or in any other manner, it is to be regarded as an offer or invitation to the public(s 48A(1)). Thus, whether the document technically constitutes an offer or invitation to the public, it will fall within the prospectus provisions. The provision relating to prospectuses apply as the shares or debentures had been offered to the public by the...
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...This Module is a Masters level module in Financial Management and Control. It introduces students to the interaction of accounting and finance with management in the strategic ‘where are we now, where do we want to be, how do we get there, and where are we now’ learning loop. This module concentrates on answering four key questions: • Where do companies get their sources of financial information for performance evaluation, • How do they evaluate financial performance, plan business strategies and make financial decisions • What they should do in order to effectively control and manage the financial resource, • How do they report the results and performance to all interested parties. It ought to go without saying that Masters level work will involve a significant amount of work on your part. Simply attending class sessions will not get you through this module. There needs to be a lot of student interaction with the material and a process of development through the module. My advice is to attend all the class sessions (experience shows that those who do not severely disadvantage themselves – i.e. FAIL) and to make use of the teaching staff as much as possible, but also to see ‘class’ as a way of bringing things together; a time or focus. The vast majority of the workload for this module must be outside of class contact time. You ought to be reading widely to get to grips with the methodology and techniques of the subject. You will find a mix of numerical...
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...BTEC Level 3 Diploma in Business [pic] |UNIT |Unit 2: Business Resources | |UNIT CREDIT |10 Credits | |ASSIGNMENT |Assignment 1- The Role of Financial Resources – Costs & Budgets | |TUTOR NAME | | |STUDENT NAME | | |DATE ISSUED |Please refer to your scheme of work. Dates are recorded when handed out (as assignment is issued at different times | | |for different programmes). | |DEADLINE |Please refer to your scheme of work. Dates are recorded when assignment needs to be submitted (as assignment are to be| | |handed in at different times for different programmes). ...
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...MARGET JOBE 45230251 UNIT 2 P4 BUSINESS RESOURCES Asif & Sons Ltd EXTERNAL SOURCES OF FINANCE External sources of finance are found outside the business, eg from creditors or banks .External sources of finance can be short term, where it has to be paid within a year or long term where it has to be paid over a period of years. External Sources of finance for Asif & Sons will include: BANK LOAN/ OVERDRAFT ADDITIONAL PARTNERS SHARE ISSUE LEASING HIRE PURCHASE MORTGAGE TRADE CREDIT GOVERNMENT GRANTS Bank loan is funding that is obtained from a bank for short term or long term purposes. An overdraft facility is where a bank allows a firm to take out more money than it has in its bank account. For sole traders and partners this can be their savings. For companies, the funding invested by shareholders is called share capital. Share issue is the stock that the company sells publicly, in order to generate capital and it can also be the stock given to insiders as part of their compensation package. The amount of shares issued can be all or part of the total amount of authorised shares of the corporation. Hire purchase, is where monthly payments are made for use of equipment such as a car. Hired equipment is owned by the buyer after the final payment Leasing, is when monthly payments are made for use of equipment such as property. Leased equipment is rented and not owned by the buyer. A mortgage is a special type of loan for buying property, where monthly payments...
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