(C) BAD DEBTS‚ BAD DEBTS RECOVERED AND PROVISION FOR DOUBTFUL DEBTS. Bad debts Introduction Customers who buy goods on credit might fail to pay for them‚ perhaps: Out of dishonesty‚ They have gone bankrupt‚ They are incurring losses in their businesses‚ Because of unexpected introduction of foreign exchange control restrictions by their country’s government during the credit period (i.e. if they are trading internationally). They are dead. In these circumstances‚ a business might decide
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INTRODUCTION 3 Definition 3 FOREIGN EXCHANGE MARKET OVERVIEW 3 Characteristics of Foreign Exchange Market 5 FOREIGN EXCHANGE RISKS 6 Accounting Risk 6 Transaction Risk 6 Profitability Risk 6 DETERMINANTS OF EXCHANGE RATE 6 Inflation 6 Interest Rates 7 Current-Account Deficits 7 PARTICIPANTS IN FOREIGN EXCHANGE MARKET 7 Customers 8 Commercial Banks 8 Exchange Brokers 8 Overseas Forex Market 8 Speculators 9 ROLE OF SBP IN FOREIGN EXCHANGE MARKET 9 To manage the exchange rate mechanism 9 Regulate inter-bank
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What are the Functions of the Foreign Exchange Market? Definition The foreign exchange market‚ also known as the forex‚ FX‚ or currency market‚ involves the trading of one currency for another. Prior to 1996 the market was confined to large corporate banks and international corporations. However it has since opened up to include all traders and speculators. Today‚ the average daily turnover in forex markets is US$1.9 trillion‚ according to the Bank of International Settlement’s Triennial Survey
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NEW RULES ON DEBT CLASSIFICATION AND LOSS RESERVE By Truong Nhat Quang Duong Thu Ha Following Decision No. 127/2005/QD-NHNN dated February 3‚ 2005 issuing the Regulations on Loans Extended by Credit Institutions to Customers‚ the State Bank of Vietnam (SBV) has enacted a number of legal documents aimed at improving credit quality and risk supervision and management‚ including Decision No. 493/2005/QD-NHNN dated April 22‚ 2005 issuing the Regulations on Classification of Debts and Loss Provisioning
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INTRODUCTION This report examines the increasing trends in the amount of debt students are graduating with. The purpose of this report is to prove why these trends need to be stopped‚ and how they can be stopped. After viewing the statistics from 1993 to the present it will be obvious that student debt is not rising at a steady pace‚ but that its growth is leading to large financial burdens by many students. Recommendations are given about the actions that can be taken by not only students
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amounts of money to the colonies. The Sugar Act was supposed to cut down the temptation for smuggled good and this was supposed to help pay for the soldiers staying in America to protect the colonist. The next act was known as the Currency Act. The Currency
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Report on Foreign Exchange Reserves Reserve Bank of India Central Office Mumbai 2005-06 (covering period up to March 2006) Content Movement of Reserves 1. Introduction 2. Review of Growth of Reserves since 1991 3. Sources of Accretion to Reserves in the Recent Period 4. External Liabilities vis-à-vis Foreign Exchange Reserves 5. Prepayment/Repayment of External Debt 6. Financial Transaction Plan (FTP) of IMF 7. Adequacy of Reserves 8. Investment Pattern and Earnings from
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struggle over the years just to pay off their college debts. These days it is difficult to find a good paying job that doesn’t require a college degree‚ therefore getting a degree should be made more obtainable for students. One might argue that grants and financial aid are available to students; however students still struggle to pay for their college tuition. Student loans differ from other loans in many ways‚ firstly their interest rates are at six percent‚ which is higher than those of home
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ISSN 0825-5822 The texts published in the series "Cahiers du CETAI" are solely the responsibility of their authors. Cahier de recherche THE NONORTHODOX CURRENCY BOARDS: THE CASE OF BULGARIA Nikolay NENOVSKY* and Kalin HRISTOV* 2001-01 January 2001 * Bulgarian National Bank‚ Research Department; University of National and World Economy‚ Department of Finance‚ Sofia‚ Bulgaria. Copyright © 2001. Centre d’études en administration internationale (CETAI)‚ École des Hautes Études commerciales
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selects the type of currency they wish to convert. 3. User enters the amount of currency they wish to convert. 4. Currency is converted using established conversion rates. 5. Completed conversion amount is displayed for the user. IPO Chart Input | Process | Output | (Keyboard) User enters selection | Get type of foreign currency | ForeignCurrencyType (string) | (Keyboard) User enters amount | Get amount of foreign currency | ForeignCurrency (float) | Rate (float)ForeignCurrency
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