#BCMeeting2019: ICC Trade Register Report
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Presentation provided at the Annual ICC Banking Commission Meeting by Krishnan Ramadurai on 11 April 2019.
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![WE MAKE BUSINESS WORK FOR EVERYONE, EVERY DAY, EVERYWHERE.
2
0.01%
0.07%
0.01%
0.02%
0.01%
1. Accounts for 7.6% observed 'Claim Rate'
Note: LGD = [1-Recovery Rate] + [Cost of Recovery] + [Time to Recovery][Discount on recoveries]. Source: ICC Trade Register 2018
0.19%
0.03%
0.25%
0.25%
0.07% 100
100
100
7.6
100
Exposure-weighted
default rate
Exposure at
default
Loss given
default
Exposure-weighted
Expected loss
Import LC
Export LC
Loans for import/export
Performance Guarantees
(applying CCF to EAD)
Performance Guarantees
(applying CCF to LGD)
41%
36%
30%
3%1
36%
2008-2017
Product/Asset class
OVERVIEW OF FINDINGS IN 2018 REPORT
DEFAULT RATES AND EXPECTED LOSSES REMAIN LOW FOR TRADE FINANCE PRODUCTS
vs. 2008-162008-17 vs. 2008-162008-17 vs. 2008-162008-172008-17](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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153 q hci_eng
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A process that allows multiple private and public organizations to lower their debt and improve their financial deficit by the means of asset transfer, equity exchange or increased payment time is known as debt restructuring. The following presentation provides an overview of the entire process of debt restructuring and how an organization can use it as tool to lower the debt. Initially this presentation provides an overview of the organization, its services and financial performance. These financial parameters can be revenues, gross profit, net profit and earning per share. Once the overview is provided the following the organization then needs to perform an in depth analysis of its current financial performance Multiple key aspect of the performance are covered such as the Income Statement, balance sheet, cash flow statement and other key ratios are captured. These ratios can be Price to Earning Ratio, Stock Turnover Ratio, Account Receivable Ratio, Creditor Turnover Ratio, Return on Equity and Account Payable Ratio. Once the financial performance is analyzed multiple options that can help the organization to recover from their debts are considered. These methods can be Merger and Acquisition, Debt Restructuring, Financial Restructuring and Bankruptcy. After Identifying multiple methods, a comparative analysis of these options is performed. After careful analysis debt restructuring is chosen to be the best option for the organization. After choosing debt restructuring as an option the organization initially studies the entire process of the same. The organization first goes through stabilization phase in which various pain points of the organization are identified and existing debt are reviewed. After that in preparation stage multiple regulatory requirements are identified and communication method for shareholder are considered. In the final stage Implementation, the actual process of debt restructuring begins as three major ways of debt restructuring transfer of Asset, Exchange of equity and Increase in payment time are studied. In the end multiple risk associated to debt restructuring are evaluated and mitigation strategies for the same are considered. The impact of debt restructuring is also evaluated and multiple KPIs Key performance indicators are decided to study the overall effect of debt restructuring. https://bit.ly/2NBhd1T
C3 Took KitTool Kit for Analysis of Financial Statements Financial.docx
C3 Took KitTool Kit for Analysis of Financial Statements Financial statements are analyzed by calculating certain key ratios and then comparing them with the ratios of other firms and by examining the trends in ratios over time. We can also combine ratios to make the analysis more revealing, those indicated below are exceptionally useful for this type of analysis. RATIO ANALYSIS (Section 3.1)*NVIDIA Fiscal Years starts and ends on Jan 31, such that FY13 represents Jan 31,2012 to Jan31, 2013Input Data:20132012Year-end common stock price$12.26$13.86Year-end shares outstanding (in thousands)616,756612,191Tax rate15%12%After-tax cost of capitalLease payments (in thousands)$18,998$21,439Required sinking fund payments$0$0Balance Sheets(in thousands of dollars)Assets20132012Cash and equivalents$906,223$767,218* Added to cash and quivalents prepaid expense and deferred income taxesShort-term investments$2,995,097$2,461,70020132012Accounts receivable$454,252$336,14369,70149,411prepaid expenses and otherInventories$419,686$340,297103,73649,931deferred income taxes Total current assets$4,775,258$3,905,358Net plant and equipment$1,636,987$1,647,570* In addition to equpment also includes goodwill, intangible assets, and other assetsTotal assets$6,412,245$5,552,92820132012641,030641,030goodwillLiabilities and equity312,332326,136intangible assetsAccounts payable$356,428$335,072107,481120,332other assetsNotes payable$0$0Accruals$619,795$594,886 Total current liabilities$976,223$929,958Long-term bonds$608,319$477,24620132012 Total liabilities$1,584,542$1,407,2043,193,6232,900,896additional paid-in capitalPreferred stock (2,00,000 shares: none issued)$0$0-1,622,709-1,496,904treasury stockCommon stock (616,756,134 shares oustanding 2013 and 612,191,412 outstanding in 2012$720$700998110,614accumulated other comprehensive incomeRetained earnings$3,246,088$2,730,418Total common equity$4,827,703$4,145,724* Added to Total Common equity additional paid-in capital, treasuary stock, and accumulated other comprehensive incomeTotal liabilities and equity$6,412,245$5,552,928Income Statements(in thousands of dollars)20132012Net sales$4,280,159.0$3,997,930.0 Operating costs$3,631,920.0$3,349,631.0Earnings before interest, taxes, depr. & amort. (EBITDA)$648,239.0$648,299.0 Depreciation$0.0$0.0 Amortization$0.0$0.0 Depreciation and amortization$0.0$0.0Earnings before interest and taxes (EBIT)$648,239.0$648,299.0 Less interest -$13,800.0-$15,097.0Earnings before taxes (EBT)$662,039.0$663,396.0 Taxes (15.0%, 12.4%)$99,503.0$82,306.0Net income before preferred dividends$562,536.0$581,090.0 Preferred dividends$0.0$0.0Net income available to common stockholders$562,536.0$581,090.0Common dividends$0.0$0.0Addition to retained earnings$562,536.0$581,090.0Calculated Data: Operating Performance and Cash Flows20132012Net operating working capital (NOWC)$803,938.0$513,700.0Total operating capital$2,440,925.0$2,161,270.0Net Operating Profit After Taxes (NOPAT)$551,0 ...
Earnings Presentation Q217
- In the second quarter of fiscal year 2017, the company reported net revenue of $551 million, gross margin of 64.1% excluding special items, and earnings per share of $0.46 excluding special items.
- The company returned $155 million to shareholders in the quarter through $94 million in dividends and $61 million in stock repurchases.
- For the third quarter of fiscal year 2017, the company expects revenue between $555-595 million and earnings per share between $0.49-0.55 excluding special items.
Synergy PowerPoint Presentation Slides
This complete presentation has PPT slides on wide range of topics highlighting the core areas of your business needs. It has professionally designed templates with relevant visuals and subject driven content. This presentation deck has total of fourty five slides. Get access to the customizable templates. Our designers have created editable templates for your convenience. You can edit the colour, text and font size as per your need. You can add or delete the content if required. You are just a click to away to have this ready-made presentation. Click the download button now. https://bit.ly/3goZGY8
Tricumen FY16 Capital Markets Regions_open 100317
This publication is supplementary to our quarterly Results Review; it shows banks' capital markets quarterly revenue and semi-annual pre-tax profit and productivity dynamics relative to their peers in major regions. The full dataset includes operating revenue, expenses and pre-tax profit at the Level 3 product detail in 7 regions, as well as normalised client segment revenue allocations, RWA and Equity.
All data is reconciled against the published financial statements. Further detail is available on request.
Financial Accountancy
WE ARE PROVIDING CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS, PROJECT REPORTS
AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / IGNOU
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - MMS - DBM - PGDBM - DBA
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aravind.banakar@gmail.com
ARAVIND 09901366442 – 09902787224
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High Quality Standard.
Class 12 Accountancy Project CBSE 2020 (Ratios, Cash Flow Statement, Segment ...
This document provides an analysis of the financial statements of Deepak Nitrite Limited for the years ended March 31, 2020 and March 31, 2019.
Some key highlights include:
- Cash flow from operating activities increased significantly from Rs. 60.27 crores in 2018-19 to Rs. 764.68 crores in 2019-20, indicating strong core business performance.
- Cash flow from investing activities was an outflow of Rs. 427.94 crores in 2019-20 due to purchases of investments, property, plant and equipment to support business growth.
- Cash flow from financing activities was an outflow of Rs. 337.56 crores as the company paid down debts and dividends
Rexnord Corporation (RXN) Q3 Fiscal Year 2020 Financial Results
Rexnord Corporation reported its financial results for the third quarter of fiscal year 2020. Net sales increased 1% year-over-year to $492 million, with core growth of 1%. Adjusted EBITDA increased 4% to $107 million. For water management, net sales grew 4% and adjusted EBITDA rose 5%. Process and motion control saw flat net sales and a 2% increase in adjusted EBITDA. For fiscal year 2020, the company expects core sales growth in the low single digits, adjusted EBITDA of $460-464 million, and free cash flow to exceed net income.
Finance sense
The document provides financial information about Zip Zap Zoom Car Company over several years. It discusses the company's need to invest in upgrading technology and facilities to compete with increasing competition. It presents two views on determining the company's additional debt capacity. Mr. Shortsighted assumes a maximum 10% reduction in sales and 6% reduction in prices during a recession, and calculates the company can service Rs. 100 crore of additional debt. Mr. Longsighted argues a more probabilistic analysis of cash flows is needed that accounts for dividend payments and continued R&D/marketing spending. His analysis finds the company can service an additional Rs. 35 crore of debt while maintaining a 10% dividend with 95% certainty of adequate
Financial management
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
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www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Emerald q4 2017 supplemental materials 022218
This document provides supplemental materials for Emerald Expositions' Q4 2017 earnings call, including forward-looking statements, non-GAAP financial information, quarterly revenue by product line from 2016-2017, trade show revenues by industry sector from 2014-2017, 2018 guidance, and key events by quarter in 2018. It includes tables showing revenue and growth rates, notes on non-GAAP measures and reconciliation, and an appendix further explaining adjusted EBITDA.
MTM - Financial Analysis of Club Med
Club Med is a leader in the leisure village market. Its strategy focuses on low capital investment and flexible capacity. Villages are owned by others and managed by Club Med for a fee. Club Med's financial statements from 2008-2010 show declining revenues but improved operating income and productivity ratios by 2010. Liquidity ratios are acceptable despite high long-term assets, but solvency ratios show the firm is highly leveraged. To improve performance, Club Med could focus on increasing customer numbers through special offers while reducing costs from villages.
IDFC Sterling Value Fund_Fund spotlight
The document summarizes the IDFC Sterling Value Fund, an open-ended equity scheme following a value investment strategy. Some key points:
- The fund focuses on mid and small cap segments and takes a value-oriented approach through bottom-up stock selection of leader/challenger businesses.
- In 2020, earnings estimates rebounded from negative to positive territory despite the impact of COVID-19 in Q1, and small caps outperformed after underperforming since 2017.
- As of December 2020, the fund has an AUM of Rs. 2,950 crores invested primarily in equities across multiple sectors like auto ancillaries, cement, software and pharmaceuticals following a value strategy.
1CHAPTER 3Analysis of Financial Statements.docx
1
CHAPTER 3
Analysis of Financial Statements
2
Topics in Chapter
Ratio analysis
Du Pont system
Effects of improving ratios
Limitations of ratio analysis
Qualitative factors
3
Value = + + +
FCF1
FCF2
FCF∞
(1 + WACC)1
(1 + WACC)∞
(1 + WACC)2
Free cash flow
(FCF)
Market interest rates
Firm’s business risk
Market risk aversion
Firm’s debt/equity mix
Cost of debt
Cost of equity
Weighted average
cost of capital
(WACC)
Net operating
profit after taxes
Required investments
in operating capital
−
=
Determinants of Intrinsic Value:
Using Ratio Analysis
...
For value box in Ch 3 ratios FM13.
4
Overview
Ratios facilitate comparison of:
One company over time
One company versus other companies
Ratios are used by:
Lenders to determine creditworthiness
Stockholders to estimate future cash flows and risk
Managers to identify areas of weakness and strength
5
Income Statement20102011ESales$5,834,400 $7,035,600COGS4,980,000 5,800,000Other expenses720,000 612,960Deprec.116,960 120,000 Tot. op. costs5,816,960 6,532,960 EBIT17,440 502,640Int. expense176,000 80,000 EBT(158,560)422,640Taxes (40%)(63,424)169,056Net income($ 95,136)$ 253,584
6
Balance Sheets: Assets20102011ECash$ 7,282 $ 14,000S-T invest.20,000 71,632AR632,160 878,000Inventories1,287,360 1,716,480 Total CA1,946,802 2,680,112 Net FA939,790 836,840Total assets$2,886,592 $3,516,952
7
Balance Sheets: Liabilities & Equity20102011EAccts. payable$ 324,000 $ 359,800Notes payable720,000 300,000Accruals284,960 380,000 Total CL1,328,960 1,039,800Long-term debt1,000,000 500,000Common stock460,000 1,680,936Ret. earnings97,632 296,216 Total equity557,632 1,977,152Total L&E$2,886,592 $3,516,952
8
Other Data20102011EStock price$6.00$12.17# of shares100,000 250,000EPS-$0.95$1.01DPS$0.11$0.22Book val. per sh.$5.58$7.91Lease payments$40,000$40,000Tax rate0.40.4
9
Liquidity Ratios
Can the company meet its short-term obligations using the resources it currently has on hand?
10
Forecasted Current and Quick Ratios for 2011.
CR10 = = = 2.58.
QR10 =
= = 0.93.
CA
CL
$2,680
$1,040
$2,680 - $1,716
$1,040
CA - Inv.
CL
11
Comments on CR and QR2011E20102009Ind.CR2.581.462.32.7QR0.930.50.81.0
Expected to improve but still below the industry average.
Liquidity position is weak.
12
Asset Management Ratios
How efficiently does the firm use its assets?
How much does the firm have tied up in assets for each dollar of sales?
13
Inventory Turnover Ratio vs. Industry Average
Inv. turnover =
= = 4.10.
Sales
Inventories
$7,036
$1,716
2011E 2010 2009 Ind.
Inv. T. 4.1 4.5 4.8 6.1
14
Comments on Inventory Turnover
Inventory turnover is below industry average.
Firm might have old inventory, or its control might be poor.
No improvement is currently forecasted.
.
Financial Ratio Analysis.pptx
This document provides an overview and analysis of financial ratios and working capital needs for customer analysis. It includes an agenda, background on financial ratio analysis, a customer analysis model, discussion of key financial ratios including profitability, debt service coverage, liquidity, solvability, productivity, and working capital needs. It also provides examples of balance sheets, profit/loss statements, and a cash flow adjustment model. Finally, it presents a case study comparing the balance sheets of companies PT A and PT B.
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◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
Our latest market and regulatory coverage and analysis
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China's Investment Leader - Dr. Alyce SU
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
China's Investment Leader - Dr. Alyce SU
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
13 Jun 24 ILC Retirement Income Summit - slides.pptx
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Fabular Frames and the Four Ratio Problem
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
How to Invest in Cryptocurrency for Beginners: A Complete Guide
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...
Calculation of compliance cost in the fishing industry of Russia after extended SCM model (Veterinary and sanitary control of aquatic biological resources (ABR) - Preparation of documents, passing expertise)
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
挂科购买【微信号:176555708】【挂科购买(UPenn毕业证书)】【微信号:176555708】《成绩单、外壳、offer、真实留信官方学历认证（永久存档/真实可查）》采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【我们承诺采用的是学校原版纸张（纸质、底色、纹路）我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信号:176555708】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信号:176555708】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
留信网服务项目：
1、留学生专业人才库服务（留信分析）
2、国（境）学习人员提供就业推荐信服务
3、留学人员区块链存储服务
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Discovering Delhi - India's Cultural Capital.pptx
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
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#BCMeeting2019: ICC Trade Register Report
- 1. 1 ICC TRADE REGISTER 2018 Summary of Findings April 2019
- 2. WE MAKE BUSINESS WORK FOR EVERYONE, EVERY DAY, EVERYWHERE. 2 0.01% 0.07% 0.01% 0.02% 0.01% 1. Accounts for 7.6% observed 'Claim Rate' Note: LGD = [1-Recovery Rate] + [Cost of Recovery] + [Time to Recovery][Discount on recoveries]. Source: ICC Trade Register 2018 0.19% 0.03% 0.25% 0.25% 0.07% 100 100 100 7.6 100 Exposure-weighted default rate Exposure at default Loss given default Exposure-weighted Expected loss Import LC Export LC Loans for import/export Performance Guarantees (applying CCF to EAD) Performance Guarantees (applying CCF to LGD) 41% 36% 30% 3%1 36% 2008-2017 Product/Asset class OVERVIEW OF FINDINGS IN 2018 REPORT DEFAULT RATES AND EXPECTED LOSSES REMAIN LOW FOR TRADE FINANCE PRODUCTS vs. 2008-162008-17 vs. 2008-162008-17 vs. 2008-162008-172008-17
- 3. WE MAKE BUSINESS WORK FOR EVERYONE, EVERY DAY, EVERYWHERE. 3 0.27% 0.01% 0.11% 0.02% 1. Accounts for 7.6% observed 'Claim Rate'. 2. Exposure weighted LGD Note: LGD = [1-Recovery Rate] + [Cost of Recovery] + [Time to Recovery][Discount on recoveries]. Source: ICC Trade Register 2018 0.37% 0.05% 0.76% 0.47% Obligor-weighted default rate Loss given default2 Obligor-weighted Expected loss Import LC Export LC Loans for import/export Performance Guarantees 30% 36% 3%1 36% 61 111 184 123 Time to Recovery Trade Finance 2008-2017 Product/Asset class TRADE FINANCE PRODUCTS HAVE FAVORABLE RISK PROFILES…
- 4. WE MAKE BUSINESS WORK FOR EVERYONE, EVERY DAY, EVERYWHERE. 4 0.44% 0.07% 0.16% 1. Accounts for 7.6% observed 'Claim Rate'. 2. Obligor weighted LGD Note: LGD = [1-Recovery Rate] + [Cost of Recovery] + [Time to Recovery][Discount on recoveries]. Source: ICC Trade Register 2018 1.62% 0.25% 0.68% Obligor-weighted default rate Loss given default2 Obligor-weighted Expected loss 27% 28% 24% 393 427 350 Time to Recovery SME Banks & FIs Commodities Finance Other Asset classes Asset class …COMPARED TO NON-TRADE ASSET CLASSES 2008-2017
- 5. WE MAKE BUSINESS WORK FOR EVERYONE, EVERY DAY, EVERYWHERE. 5 MLT TRADE FINANCE | DEFAULT RATES REMAIN LOW WITH SMALL INCREASES IN CORPORATE AND SOVEREIGN RATES 1.5 0.5 0.0 1.0 Corporate 0.50 SovereignFI Default rate (%) Specialised Total 0.55 0.68 1.17 1.21 0.14 0.28 0.43 0.39 0.58 2007-20172007-2016 0.0 0.5 1.0 1.5 Sovereign 0.99 1.37 Corporate Default rate (%) FI Specialised Total 1.03 1.13 0.60 1.37 0.43 0.44 0.53 0.95 0.5 0.0 1.0 1.5 0.62 Corporate 0.30 Sovereign Default rate (%) FI Specialised Total 0.84 0.97 1.36 1.41 0.34 0.67 0.82 0.88 Source: ICC Trade Register 2018 Default rate by Exposure Default rate by Obligors Default rate by Transactions
- 6. WE MAKE BUSINESS WORK FOR EVERYONE, EVERY DAY, EVERYWHERE. 6 NORTH & SOUTH AMERICA AND AFRICA HAVE SEEN LARGEST INCREASES IN DEFAULT RATES, SLIGHT REDUCTION IN MIDDLE EAST Note: Regions and Countries reflect those of Obligor. Ex-CIS countries: Russia , Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Republic Of, Russian Federation, Turkmenistan, Ukraine, Uzbekistan Source: ICC Trade Register 2018 0.0 0.5 1.0 1.5 0.41 0.37 0.41 0.64 0.55 0.68 0.34 0.35 0.99 1.01 1.01 0.91 0.11 0.49 0.50 0.58 2007-2016 2007-2017 1.00.0 2.52.00.5 1.5 2.32 0.89 0.93 2.44 0.95 0.66 0.55 0.60 0.57 1.23 1.00 1.16 0.66 1.23 0.47 0.99 0.76 0.80 0.0 2.00.5 1.0 1.5 2.5 1.23 0.62 Default rate (%) 0.39 0.56 0.74 0.55 0.58 1.28 2.16 2.07 0.56 0.63 0.82 0.88 Default rate by Exposure Default rate by Obligors Default rate by Transactions Africa APAC Central and South America Europe Ex-CIS Middle East North America Total