Limited is about to raise additional short-term funding to meet its funding needs over the next three-month planning period. It is considering issuing commercial bills or promissory notes. (a) What is a promissory note? Identify and briefly explain the roles of the parties to a P-note issue. (b) What are the main differences between P-notes and commercial bills of exchange? A promissory note‚ which typically has a maturity of 90 days‚ is described as ‘an unconditional promise in writing made by one
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Impact of Cashless Economy in Nigeria By Omotunde M. Sunday T. John-Dewole A.T. Greener Journal of Internet‚ Information and Communication Systems Vol. 1 (2)‚ pp. 040-043‚ April 2013. Research Article Impact of Cashless Economy in Nigeria *Omotunde Muyiwa1‚ Sunday Tunmibi‚1 and John-Dewole A.T.2 1 School of Computer Science‚ Mathematics and Information Technology‚ Houdegbe North American University‚ Republic of Benin. 2 Department of Computer Science with Electronics
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RMIT COMMERCIAL LAW LAW2442 Weekly Tutorial Problems Semester 1‚ 2014 Week 1: No tutorials‚ except for Monday tutorial groups There are no Commercial Law tutorials for the Tuesday‚ Wednesday and Thursday tutorial groups in week 1. However‚ for the Monday tutorial groups‚ Commercial Law tutorials start in week 1. This is to make up for the loss of the Commercial Law tutorials on Monday March 10 (in week 2) which is the Labour Day public holiday. Students
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Grameen Bank | | |[pic] | |Type |Body Corporate (Bank Ordinance) | |Industry |Finance | |Founded |1983 | |Headquarters |Dhaka‚ Bangladesh
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Report This report shows the present condition of non-performing loan in Bangladesh. The non-performing loan increases the risk for the banks as well as lowers the profitability of the banks. The non-performing loan was a major concern for the banks for the last few years‚ and the lowering the non-performing loan ratio was a challenging mater for the banks. In this report we have tried to find out some of the major reasons that are responsible for incurring the non-performing loan in Bangladesh
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None of the options is correct 2. ROE for a bank is calculated by: A. dividing net after-tax income by total equity capital. B. dividing total operating revenue less operating expenses by total assets. C. dividing net pre-tax income by total equity capital. D. noninterest income less noninterest expenses divided by total earning assets. E. None of the options is correct. 3. The employee productivity ratio for a bank is equal to: A. net operating revenue less
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INTER-AMERICAN DEVELOPMENT BANK The Inter-American Development Bank (IADB or IDB or BID) is the largest source of development financing for Latin America and the Caribbean MEMBERS The Bank is owned by 48 sovereign states‚ which are its shareholders and members. Only the 26 borrowing countries are able to receive loans. BORROWING COUNTRIES Argentina‚ Bahamas‚ Barbados‚ Belize‚ Bolivia‚ Brazil‚ Chile‚ Columbia Costa Rica‚ Dominican Republic‚ Ecuador‚ El Salvador‚ Guatemala‚ Guyana
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originated in the last decades of the 18th century. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India‚ established 1786 and since defunct. The largest bank‚ and the oldest still in existence‚ is the State Bank of India‚ which originated in the Bank of Calcutta in June 1806‚ which almost immediately became the Bank of Bengal. This was one of the three presidency banks‚ the other two being the Bank of Bombayand the Bank of Madras‚ all three of which were established under charters
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Advantages of Universal Banking The benefits or advantages of universal banking are:- Investors’ Trust : Universal banks hold stakes (equity shares) of many companies. These companies can easily get other investors to invest in their business. This is because other investors have full confidence and faith in the Universal banks. They know that the Universal banks will closely watch all the activities of the companies in which they hold a stake. Economics of Scale : Universal banking
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INVESTMENT BANKS As with commercial banks‚ investment banks are highly leveraged entities that play important roles in both the primary and secondary markets. Investment banking activities include: • Raising funds through public offerings and private placement of securities. • Trading of securities. • Mergers‚ acquisitions‚ and financial restructuring advising. • Merchant banking. • Securities finance and prime brokerage services. The first role is assisting in the raising of funds by
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