in 1. Financial market 2. Investment profession 6个code of ethics 1. Code 1—ethics and pertinent d persons a. 2. Code 2---primacy of client’s interest a. Integrity with investment profession b. 客户利益高于自身利益 3. Code 3---reasonable and independent a. 必须注意reasonable care b. 必须exercise independent professional judgment---必须独立判断！ 4. Code 4---ethical culture in the profession a. 不但自己要practice， 而且要鼓励别人practice—不仅仅是自己一个人去做， 要所有人共同去做 5. Code 5---ethnical culture in the capital market! a. 促进整个capital
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A modern financial system: an overview The introduction of money and the development of local markets to trade goods were the genesis of the financial system of today. Money is a medium of exchange that facilitates transactions for goods and services. With wealth being accumulated in the form of money, specialised markets developed to enable the efficient transfer of funds from savers (surplus entities) to users of funds (deficit entities). A modern financial system comprises financial institutions
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The purpose of this paper is to give a peer review of the presentation team’s performance. The topic covered by the team was the role of financial market efficiency in corporate finance and its relevance to fund manager Bill Miller, Value Trust, and potential investors. We will look at the following areas in assessing the performance of the presentation team: ■ The value of supplemental readings ■ Quality and content of the concept lecture ■ Quality of the case analysis ■ Strength of the case
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S3356863 BAFI2112 Financial Markets Study Period 3 |Financial Markets Report |Submitted 18th November 2011 | | |Client Name:BHC | |Executive summary |Scenario One: Financial Investment Advise|
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Special Report Dexia AM Risk Arbitrage Process February 2010 A Focus on the Kraft / Cadbury deal TRANSACTION HISTORY Kraft approach September 7th - Kraft approached Cadbury Possible hostile offer at 745p per share: 300p cash + 0.2589 KFT Cadbury’s board rejected proposal November 9th - Put up or shut up deadline Kraft Formal Offer November 9th - Formal offer on the initial same terms December 14th - Cadbury published defense document January 2nd - Press rumor: Ferrero, Hersey or Private
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Risk (VaR) Model: Evidence from the Indian Debt Market Sunando Roy* Conventional Value at Risk models are severely constrained while dealing with liquidity risk. This inevitably leads to an underestimation of overall risk and consequently misapplication of capital for the safety of financial institutions. Standard Value at Risk (VaR) model assumes that any quantity of securities can be traded without influencing market prices. In reality, most markets are less than perfectly liquid and many securities
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Financial intermediation 陈鸣杰 F1003 201048950504 CONTENTS The process of financial intermediation………………………………..2 The deposit-taking financial intermediaries…………………………..4 The non-deposit-taking financial intermediaries………………………6 The Impact of non-depository financial institutions…………………..9 How to facilitate the transfer of liquidity from surplus to deficit units in the economy………………….. ………………….. …………………..10 The process of financial intermediation
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a concept based on different factors processing of invests to determine how to choosing the right investments for a particular goal or purpose. When it comes to investing, there is no shortage of investment theories can be applied it to makes the markets tick. Odd Lot Theory is contrarian strategy based of a very simple form of technical analysis which measuring odd lot sales. An odd-lot trade is one of less than 100 shares and only small investors tend to engage in odd-lot transactions How successful
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Introduction A financial institution is an establishment that conducts financial transactions such as investments, loans and deposits. Almost everyone deals with financial institutions on a regular basis. Everything from depositing money to taking out loans and exchanging currencies must be done through financial institutions. Here is an overview of some of the major categories of financial institutions and their roles in the financial system. Types Of Financial Institutions And Their Roles
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0946 | 141.26 | 18 | 0 | 0 | 1.11 | 9.23 | 0.1298 | 0 | 19 | 1 | 9 | 0.78 | 19.35 | 0.1034 | 81.34 | 20 | 0 | -100 | 1.2 | 29.92 | 0.1370 | 0 | 3) The differences between intrinsic values and the actual market prices are caused by characteristics and complexity of the markets. Because of the fact that some stocks did not pay any dividend at all and the value is related to the divident that has been paid in 2003, the intrinsic value formula will return zero and this endangers the formula’s
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