James Bond

Loans are the largest source of credit risk to a financial institution .However, other sources of credit risk exist throughout the activities of a financial institution including in the banking book and the trading book, and both on and off the balance sheet. The goal of credit risk management is to maximize a SACCOs risk adjusted rate of return by maintaining credit risk exposure within acceptable parameters. SACCOs need to manage credit risk inherent to the entire portfolio as well as the risk…

What is Kisan Vikas Patra? Kisan Vikas Patra (KVP) is a saving certificate scheme that was launched in 1988 by India Post. It is a small saving scheme that focuses on doubling the money of investors in a period of 112 months or 9 years and 4 months. Withdrawal and Re-Introduction The scheme was quite successful in the earlier years but was closed after the intervention of the Indian Government in 2011. The closure happened after the Government of India set up a committee to determine the…

1.5.1.2 TERM STRUCTURE OF INTEREST RATE Mishkin (2009) states that the term structure of interest rate explains that bonds with the same risk and liquidity have different interest rates because the bonds time to maturity are different from each other. He also states that the yield curve illustrates how the returns of bonds and maturity changes over time. There are four approaches that elaborates on the different shapes of the yield curve, they are the expectation, liquidity-premium, segment…

Based on the case article entitled: “Mortgage Crisis Analysis – What Caused the Mortgage Crisis?” by Aubrey Clark, the mortgage crisis was instigated by consumer demand, oblivious politicians, and the competition against banks, small brokers and lenders. There are three types of mortgages which are the Government (FHA), Conforming (Fannie Mae and Freddie Mac) and the private subprime lenders that are usually funded by larger banks. These lenders have established a practice of buying the loan…

literacy in terms of read and write but also in terms of understanding the concepts of financial literacy. Financial literacy means the possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving, tax planning and retirement. It also involves…

Gold bullion coins are easy to sell and there are many options available for a coin seller. However, just because it is easy does not mean you always get the best deal. Before trying to sell your gold bullion coin, you must know at least approximate value. If you are experienced enough, you can estimate the value yourself, however for beginner coin collectors, or someone who got the coin through inheritance or as a gift, the best option is to have the coin apprised. Typically, there are fees…

Advantages Price Term is the cheapest and inexpensive form of life insurance and most people, as long as they have an income, can afford to buy these policies. Even if the person has a large estate, term insurance can guarantee that the estate is not depleted by estate taxes upon the policy holder’s death. Some people may prefer to buy whole life or other permanent types of insurance but the fact is that term insurance is less expensive. Affordability and Value. With term life insurance,…

the circumstances. This leads us to believe, when wars erupt they have the power to devalue the self esteem of the people and nations involved; however, unlikely bonds are often created. To help us understand how these bonds are established, the lives of a few individuals in Molching will be featured, thereby justifying the notion that bonds can be established in a time of battle. To seek refuge from persecution,…

PROCEDURE 1. Always review the client’s specific instructions located in schools notes, e-mail, or any other related documents before investigating the complaint. As a third party servicer client specific instructions always control. 2. Late, Phone & Letter Fee(s) Disputes: Unless client specific instructions dictate otherwise, 2.1. If a student or borrower’s account does not show a history of late payments or they have contacted us within (3) months of their first billing statement,…

Three Reasons You Shouldn't Avoid Using a Paycheck Advance Service You may have thought about getting an advance on your next paycheck from a payday lender but have been hesitant to do so because of some of the criticism you have heard. The following are among the most common things you have likely heard, and why shouldn't pay attention to them. Only poor people, with no access to banks, use this service This is certainly not true. The typical person using this type of service is an individual…