Australia’s Banking Industry Date: May 2011 Disclaimer This publication has been prepared as a general overview of the Banking Industry in Australia and does not constitute and is not intended to constitute financial product advice as defined under the Corporations Act 2001 (Cwth). Nothing in this document should be construed as a recommendation or statement of opinion intended to influence a person in making an investment decision. The information is made available on the strict understanding
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meeting? (b) The creditors of RedHot Pty Ltd (Redhot) appointed Mrs Sherman as the receiver to take possession of the secured property‚ sell it and use the proceeds to repay the secured debt owed by the company. The receiver borrowed $42‚000 from Westpac bank during his appointment; however‚ there were insufficient funds available from the secured assets realisation to completely pay the debt‚ so that a shortfall exists. The receiver argued that the Managing Director of Red Hot must pay the shortfall
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purposes‚ one of their first concerns is always which bank/s are the most trust-worthy. For those who know the answer to this question‚ a typical response would be‚ “any of the big four”‚ which includes the ANZ Bank‚ Commonwealth Bank of Australia‚ Westpac Bank‚ and the National Australia Bank. National Australia Bank is often mentioned as one of the “Big four” in the banking industry in Australia today. It has one of the highest stock values of all banks in Australia at A$31.07 per share and the
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Joshua Whale- 17202259 I. Contracts- Research Outline The concept of separate rules‚ laws and outlines being implemented and acting simultaneously to form the legal frame work around a particular area of law seems certain to create questionability rather than certainty. [1] However doesn’t the Electronic Transactions Act 2000 (NSW) simply aim to fulfill the requirements for traditional contracts; their validity will still be rely on their adherence to the principals of common law. Electronic
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Accounting & Finance Faculty FNS10 Financial Services FNSACC506A Implement and Manage Internal Controls Semester 1 2014 ASSESSMENT TITLE Assessment 1 – Assignment 1 ASSESSMENT CONDITIONS/INSTRUCTIONS Take home assignment – Questions and Research Aids to be supplied by college: None. Aids to be supplied by student: None Prescribed Text book(s) Standard Dictionaries Bilingual Dictionaries Technical Dictionaries Programmable Calculators Non-programmable Calculators
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SEAT NUMBER: ……….… ROOM: .………………. FAMILY NAME.………….....…………………………. This question paper must be returned. Candidates are not permitted to remove any part of it from the examination room. OTHER NAMES…………….…………………..…….. STUDENT NUMBER………….………..…………….. MID-YEAR EXAMINATIONS 2011 Unit: ACCG252: Applied Financial Analysis and Management Date: Tuesday 14th June 2011 at 8:50am Time Allowed: 3 hours plus 10 minutes reading time. Total Number of Questions: 30 Multiple Choice Questions plus
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the banks products and services. Based on Roy Morgan survey Commonwealth Bank currently hold the number 1 position for customer satisfaction among the big four major banks operating in Australia. Commonwealth Bank of Australia – Weaknesses Weakness –
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Mechanics of FX Forwards Screening Process Financial institutions screen potential buyers of FX forward contracts to protect themselves from counterparty default risk. Different institutions have different screening methods‚ but all methods try to measure the creditworthiness of the client. This involves analysis of the potential client’s current and historical financial position and credit history. It is worth noting that financial institutions often already have an ongoing relationship with
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Citigroup Inc.‚ General Electric Capital 2 Corporation‚ KCC‚ Lloyds TSB Bank Plc‚ Royal Bank of Scotland N.V.‚ SK‚ Sumitomo Mitsui Banking Corp.‚ The Export-Import Bank of China 1 Barclays Bank PLC‚ ING Bank N.V.‚ LG Corporate Bank‚ Ltd.‚ Westpac Banking Corp. ‚ Metlife‚ Inc.‚ Mizuho Special Report AAA KT SK AA+ AA AAA+ A ABBB ( ( A) CCC) ( A+) ( ( A-) A) ( AA-) ( AA) ( GS AAA) SK SK ( AA+) LG LG (
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MKTG7501 Marketing Lecture 2 Week 2 MKTG7501 Strategic Planning and Marketing Planning Topic Objectives 1. Explain strategic planning and how it relates to the organisation’s mission‚ objectives‚ and goals Identify and define methods for designing the business portfolio‚ developing growth strategies and planning functional strategies Outline the structure and scope of the marketing plan. 2. 2 3. Strategic Planning Most organisations operate according to formal plans Managers
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