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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1. What is trading standards? What impact can they have on your business? Trading Standards is the name given to local authority departments in the UK formerly known as Weights and Measures. Frequently‚ the Trading Standards enforcement functions of a local authority are performed by a small part of a larger department which enforces a wide range of other legislation: environmental health‚ health and safety‚ licensing and so on. 1 What you sell There are a few general laws that affect all consumer-facing
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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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What is conflict? For me there is no true meaning for conflict‚ the word doesn’t really have any positive meaning; it is just filled with loathsome venom that has spread throughout our world causing antagonism and bitterness towards others. Conflict is a natural part of everyone’s life and is bound to occur in some point in time‚ but there is no justification for people to turn something that can be small and compromised into a vast worldwide crisis for all to see and hear! However not all conflict
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Ibrahim Suleiman What is conflict of interest? Conflict of interest is not between conflicting interests only‚ but it is more about when a personal interest comes into conflict with an obligation to serve other’s interests. This type of ‘obligation’ is characterized by a relation between an (agent) who agrees to act in the interest of the (principal)‚ for example- among fiduciaries‚ such as executors and trustees. The subject matter: The subject matter regarding the conflict of interest topic
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1. What are the sources of conflict in this case? The source of conflict in this case is a disagreement about the way the business within the company is organized‚ changed by the emergence of new senior manager Mike Roth. Before the appearance of conflict situation the EPI (Educational Pension Investments) was conservative and adhered to steady and safe investments. With the coming of Mike the situation completely changed. Actually he undermined the whole image and philosophy of the company
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Option 1 To what extent can cognitive development be understood in terms of specialisation of function in specific structures of the brain? INTRODUCTION In relation to what extent cognitive development can be understood in terms of specialisation of specific structures of the brain‚ this assignment will observe and use developmental cognitive neuropsychology which explains and seeks to understand a functional relationship between the human brain and its function. In this assignment I will produce
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The film‚ The Help‚ directed by Tate Taylor utilizes conflict between the African American and white characters to reveal the dominant attitude that the black race was inferior to the white race and were simply there to serve them. Through the black character’s perspectives‚ we get an insight into the conflicts and daily struggles the maids or ‘the help’ had to face on a regular occurrence. This constant conflict between the two groups represented reinforces the dominant attitude of racial prejudice
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