Foreign trade financing is an integral part of banking business. Documentary Credit (also called letters of credit or “L/Cs”) is the key player in the foreign exchange business. With the globalization of economies international trade has become quite competitive. Timely payment for exports and quicker delivery of goods is‚ therefore‚ a pre-requisite for successful international trade operations. Growing complexity of international trade‚ separation of commercial parties across the globe and operating
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to protect against currency fluctuations. The company has revenues in Yen and does not have expenses in Yen. Thus it would be converting the Yen to Dollar and so is exposed to foreign exchange risk. The value of Yen has declined recently and it is difficult to forecast what the value could be in the future. Also currency speculation should be left to speculators and Disney should not play on the exchange rate. It would be wise to reduce the risk due to changes in exchange rate. The royalty receipts
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INTRODUCTION=Your business is open to risks from movements in competitors ’ prices‚ raw material prices‚ competitors ’ cost of capital‚ foreign exchange rates and interest rates‚ all of which need to be (ideally) managed. This section addresses the task of managing exposure to Foreign Exchange movements. These Risk Management Guidelines are primarily an enunciation of some good and prudent practices in exposure management. They have to be understood‚ and slowly internalised and customised so that
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Should the UK adopt the Euro? The movement from the sterling to the euro has been debate for a number of years. The transition has been overlooked in many factors including the economy‚ politics and sovereignty. There have been various views by many political bodies for and against the change over to the euro. ‘Joining the euro would almost certainly mean better conditions for businesses considering long-term investment in Britain.’ (http://news.bbc.co.uk/1/hi/uk_politics/3008201.stm). From the
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any product specification like remanufactured products‚ thus requiring no special approval to market the refurbished products in different countries. Refurbished medical devices represent the aftermarket of used medical devices worldwide. As per standard definition‚ refurbished devices hold a niche market which is different from remanufactured and used devices market. The global refurbished devices market is classified into imaging-diagnostic-monitoring devices‚ minimally invasive surgical devices
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[pic] [pic] Course code: F-201 Course title: Financial accounting -2 Submitted to: Tahmina Akter Lecturer Department of Finance University of Dhaka Submitted by: |Name | |
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Global Nanocomposites Market 2014-2018 Nanocomposites are a class of materials that incorporate nano-sized particles in a matrix of other materials such as polymers. Such nano-sized particles enhance the properties of the matrix materials‚ including characteristics such as mechanical strength‚ electrical and thermal conductivity‚ and chemical resistance. Nanocomposites are used in a range of industries such as Building and Construction‚ Automotive‚ Aviation‚ and Healthcare. Covered in this
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Global Directed Energy Weapons Market 2014-2018 Directed energy weapons focus high-energy emissions to launch an offensive against the enemy such that there is minimum collateral damage. Electromagnetic waves (masers‚ lasers‚ radio frequency‚ and microwave)‚ supersonic sound‚ and particles with mass could constitute the energy used to attack the enemy. Directed energy weapons can have vast applications. Some of their potential applications are in damaging armored vehicles‚ missile defense systems
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INTEREST RATE FUTURES IN INDIA Dr. Shashi Srivastava * Divya Srivastava ** Abstract In the era of globalization‚ one of the macro-economic variable that has come into great focus is interest rate. The volatility of interest rates has increased manifold in the last couple of years. Interest rate risk management has become very important and assorted instruments like interest rate derivatives
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The recession in the US market and the global meltdown termed as Global recession have engulfed complete world ecomony with a varying degree of recessional impact. World over the impact has diversified and its impact can be observed from the very fact of falling Stock market‚ recession in jobs availiability and companies following downsizaing in the existing available staff and cutting down of the perks and salary corrections. Globally the financial sector sacking the existing base of employees in
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