Conflict on a Trading Floor The details of this transaction In this case study‚ the action takes place on the trading floor when Poseidon Cruise Lines wants to finance the construction of a new cruise ship that will be built by a French shipyard. The shipyard required payments in francs which created currency risk for Poseidon. Linda‚ a top salesperson‚ was assigned this transaction. She had developed a close relationship with the chief financial officer and treasurer over a year and a half of
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CONFLICT ON A TRADING FLOOR (A) CASE SUMMARY Brief background and context: Junior salesperson ("Seth")‚ an assistant on the non-dollar derivative desk of FirstAmerica (“FA”)‚ finds himself in a difficult situation and has to decide what course of action to take as relates to going along with misrepresenting material facts to a key client‚ Poseidon‚ in conjunction with their hedging of French Franks relating to the $700 million equivalent cost of the five year construction of a new cruise
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Conflict on a Trading Floor The case describes the ethical dilemma occurred in FirstAmerica Bank. The sales department of the bank was preparing a 700 mln. USD loan contract for one of the bank’s former client: Poseidon Cruise Lines. Poseidon intended to order a large cruise ship for their fleet to a French shipyard‚ which required a contract to be signed for five years and in French francs. This in turn raised concerns in Poseidon management‚ related to the possible economic costs/losses related
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If Linda didn’t lie to the client‚ I would partially agree with her bluffing strategy in dealing the case. The main reason is that providing consulting services (of finance‚ management‚ investment or real estate development) is very different from selling a product. The intellectual inputs and potential outcomes are normally immeasurable‚ and vary case by case. Even with a standard market price for some type of service‚ different strategies taken and the value of services weighted by the clients’
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MV Project I will take two months to produce the music video. I will lead my team to plan the project in the first month. In the second mouth‚ we will execute the project. At first‚ my team will finish a plan book and seek an investor who is interested in my program. The plan book touched upon the time‚ cost‚ purchasing‚ human resource‚ etc. Corporate sponsors can help fully to process this project and save cost. They offer us money or their products which we need in the project for free‚ and
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Crossing the Floor – Conflict‚ Politics‚ Power and Politicians Case Questions 1. Where are the power issues in this case? What is your assessment of the relative power of the key individuals and groups (Stephen Harper‚ David Emerson‚ the riding association‚ the voters)? The newley elected prime minister Stephen Harper had legitimate power in that he was elected to the post of prime minister. His party had genuine power in that they won the election. Harper is entrusted in a very powerful position
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keenly interested in the outcome. Problem Analysis Although Flextronics won the bid to produce XBox for Microsoft‚ its progress is currently not up to Microsoft’s expectations. This is primarily due to Flextronics’ promise to install a single shop-floor system across its manufacturing facilities in Mexico and Hungary. Each facility has grown accustomed to using its respective software systems‚ namely‚ DataSweep and Virtual Factory‚ and neither party is willing to change. In addition‚ the pressing
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MY TRADING JOURNEY 14TH October 2014 X` Introduc?on INTRODUCTION MY TRADING JOURNEY LESSONS WHAT I REALLY WANT TO TELL YOU 2009 ～ 2012 River Valley High School X` Introduc?on INTRODUCTION MY TRADING JOURNEY LESSONS WHAT I REALLY
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retail investors survive under the High Frequency Trading environment? Nowadays‚ the term “High frequency Trading” seems becomes more and more familiar to the investors. According to Telis Demos‚ 84% of all stock trades are by High Frequency computers and only 16% are done by human traders in United States (Telis‚ 2012). Trading by “real” investor is taking up the smallest share of US stock market volumes. According to the SEC‚” High Frequency Trading employs technology and algorithms to capitalize
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Trading & Profit & Loss A/c - deals with Revenue & Expense Trading Account - deals with Gross Profit (π) or Gross Loss Profit & Loss - deals with Net Profit (π) or Net Loss Balance Sheet - deals with Assets‚ Liabilities & Capital Direct Revenue & Direct Expense - deals with the Trading A/c Indirect Revenue & Indirect Expense - deals with the Profit & Loss A/c The Accounting Period - is generally a quarter or a year and reflects all of the financial activity that occurred during that time
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