Multiport offers an SMSF gearing package that allows SMSFs to borrow money to purchase residential or commercial property. The package establishes a limited recourse loan structure and security trust to hold the property. It includes all required documentation and ongoing administration and compliance support. Costs range from $3,035 to $3,380 to establish depending on if a new SMSF is set up. Ongoing annual administration starts at $1,850 or daily administration starts at $160 per month. The package simplifies the complex process of an SMSF borrowing to invest in property.
This document discusses different types of securities used in Oman, including pledges, assignments, and guarantees. It explains that a pledge requires transferring possession of the collateral to the pledgee and executing a legal instrument. An assignment does not have to be registered, but the assignor must notify the debtor and obtain acknowledgment. A guarantee requires consent from all company members or a shareholder resolution. To enforce any of these securities, a claim must be filed in primary court along with supporting documents.
This document discusses different types of securities used in Oman, including pledge, assignment, and guarantee. It explains that a pledge requires transferring possession of the collateral to the pledgee and involves shares, stocks, and movable assets. An assignment does not qualify as true security under Omani law but can be created by contract, requiring notice to the debtor. A guarantee legally obligates a third party to fulfill another's obligations if they default. The document provides details on perfecting and enforcing each type of security.
This document analyzes issues related to using a trust fund as collateral for a surety bond to meet financial assurance requirements for closure and post-closure costs. It discusses four key assumptions of the proposed mechanism: 1) the surety bond would cover the full cost estimate, 2) EPA would become the beneficiary of the trust fund after certain events, 3) the trust fund would initially be funded at the present value of costs rather than the surety's collateral requirements, and 4) the trust fund would earn enough to cover full costs without additional payments. The analysis finds that the proposed mechanism would have higher net costs than alternatives, impose a heavy cash flow burden, and be riskier if cost estimates increase over time.
The document discusses leasing and hire purchase. It provides definitions of leasing and hire purchase. It outlines the key parties involved in leasing (lessor and lessee) and hire purchase (owner and hirer). It also discusses the history and development of leasing and hire purchase in various regions including India. The document then covers types of leases, guidelines for banks involved in hire purchase business, and factors to consider like customer assessment, purpose, amount, period, repayment, and security."
This document provides an overview of securitization, including:
- Securitization is the process of converting illiquid assets into liquid assets by pooling them and selling securities backed by the pooled assets.
- The key participants are originators, special purpose vehicles, investors, and servicers. Assets like mortgages, credit cards, auto loans can be securitized.
- Benefits include off-balance sheet financing for originators and returns for investors. Risks include collateral, structural, legal, and third party risks.
- India has taken steps to regulate securitization but lacks a comprehensive framework and standardization.
"SMSF and Trusts' Transactions for Real Property Matters" seminarTom Meagher
This is a copy of my “SMSF and other Trusts” seminar that I presented to the Australian Institute of Conveyancers’ members 3 times this year; being at Perth, Bunbury and mostly recently in Geraldton. Appreciably these slides only cover some of the trusts and compliance issues that we discussed in detail during these seminars and that pertain to Conveyancers/ affect settlement transactions. The key are covered are: Self-Managed Superannuation Funds, Limited Recourse Borrowing, Bare and Custodian trusts, Family Trusts’ real property transfers into SMSFs and vestings, Special Disability Trusts plus a myriad of other practical and commercial issues.
Professional indemnity insurance for quantity surveyorsDilan De Silva
This document discusses professional indemnity insurance for quantity surveyors. It explains that quantity surveyors can be held liable for losses suffered by clients due to errors or negligence. Professional indemnity insurance helps manage this risk by covering damages and legal costs awarded in negligence claims. It recommends that quantity surveyors carry adequate professional indemnity coverage and maintain "run-off" coverage for several years after completing work to protect against late-emerging claims. The document also outlines what professional indemnity insurance typically covers and excludes as well as best practices for quantity surveyors to minimize their risk of negligence claims.
This document discusses different types of securities used in Oman, including pledges, assignments, and guarantees. It explains that a pledge requires transferring possession of the collateral to the pledgee and executing a legal instrument. An assignment does not have to be registered, but the assignor must notify the debtor and obtain acknowledgment. A guarantee requires consent from all company members or a shareholder resolution. To enforce any of these securities, a claim must be filed in primary court along with supporting documents.
This document discusses different types of securities used in Oman, including pledge, assignment, and guarantee. It explains that a pledge requires transferring possession of the collateral to the pledgee and involves shares, stocks, and movable assets. An assignment does not qualify as true security under Omani law but can be created by contract, requiring notice to the debtor. A guarantee legally obligates a third party to fulfill another's obligations if they default. The document provides details on perfecting and enforcing each type of security.
This document analyzes issues related to using a trust fund as collateral for a surety bond to meet financial assurance requirements for closure and post-closure costs. It discusses four key assumptions of the proposed mechanism: 1) the surety bond would cover the full cost estimate, 2) EPA would become the beneficiary of the trust fund after certain events, 3) the trust fund would initially be funded at the present value of costs rather than the surety's collateral requirements, and 4) the trust fund would earn enough to cover full costs without additional payments. The analysis finds that the proposed mechanism would have higher net costs than alternatives, impose a heavy cash flow burden, and be riskier if cost estimates increase over time.
The document discusses leasing and hire purchase. It provides definitions of leasing and hire purchase. It outlines the key parties involved in leasing (lessor and lessee) and hire purchase (owner and hirer). It also discusses the history and development of leasing and hire purchase in various regions including India. The document then covers types of leases, guidelines for banks involved in hire purchase business, and factors to consider like customer assessment, purpose, amount, period, repayment, and security."
This document provides an overview of securitization, including:
- Securitization is the process of converting illiquid assets into liquid assets by pooling them and selling securities backed by the pooled assets.
- The key participants are originators, special purpose vehicles, investors, and servicers. Assets like mortgages, credit cards, auto loans can be securitized.
- Benefits include off-balance sheet financing for originators and returns for investors. Risks include collateral, structural, legal, and third party risks.
- India has taken steps to regulate securitization but lacks a comprehensive framework and standardization.
"SMSF and Trusts' Transactions for Real Property Matters" seminarTom Meagher
This is a copy of my “SMSF and other Trusts” seminar that I presented to the Australian Institute of Conveyancers’ members 3 times this year; being at Perth, Bunbury and mostly recently in Geraldton. Appreciably these slides only cover some of the trusts and compliance issues that we discussed in detail during these seminars and that pertain to Conveyancers/ affect settlement transactions. The key are covered are: Self-Managed Superannuation Funds, Limited Recourse Borrowing, Bare and Custodian trusts, Family Trusts’ real property transfers into SMSFs and vestings, Special Disability Trusts plus a myriad of other practical and commercial issues.
Professional indemnity insurance for quantity surveyorsDilan De Silva
This document discusses professional indemnity insurance for quantity surveyors. It explains that quantity surveyors can be held liable for losses suffered by clients due to errors or negligence. Professional indemnity insurance helps manage this risk by covering damages and legal costs awarded in negligence claims. It recommends that quantity surveyors carry adequate professional indemnity coverage and maintain "run-off" coverage for several years after completing work to protect against late-emerging claims. The document also outlines what professional indemnity insurance typically covers and excludes as well as best practices for quantity surveyors to minimize their risk of negligence claims.
This document summarizes key aspects of SMSF borrowing rules under sections 67(4A), 67A and 67B of the Superannuation Industry Supervision Act. It discusses the changes made by sections 67A and 67B, and compares them to the previous rules under section 67(4A). It also outlines several unresolved issues around concepts like the 'single acquirable asset' and the nature of holding trusts.
Insurance, system of insurance accountingsooraj yadav
Insurance involves pooling funds from many insured entities to pay for losses some may incur. It protects insured entities from risk in exchange for a fee dependent on the likelihood and cost of events. There are two main types of insurance - life insurance which pays out on death or maturity, and general insurance like health, auto, or fire insurance which pays depending on financial losses from covered events. Insurance companies make money through underwriting risks and investing premiums paid, while providing protection through claims payments.
The document provides information about factoring and HSBC's factoring services. It defines factoring as the financial transaction where a business sells its accounts receivable to a third party called a factor. It then discusses the key parties and processes involved in factoring transactions, as well as the types of factoring services offered by HSBC, including domestic and international factoring. HSBC aims to be an active partner in managing customers' supply chains and receivables through these factoring products.
Unit Linked Insurance Policies (ULIPs) are life insurance policies that provide both risk coverage and investment. Most ULIPs offer a range of investment funds to suit different risk profiles and time horizons. Returns are not guaranteed as the investment risk is borne by the policyholder. Charges include premium allocation charges, mortality charges, fund management fees, and surrender charges. The document provides answers to frequently asked questions about ULIPs, such as what is a unit fund, benefits payable, consequences of discontinuing premiums, and fund performance reporting.
This document provides an overview of bank guarantees, including:
1) It defines a bank guarantee as a contract where the bank guarantees to perform a third party's liability in case of default. The parties involved are the applicant, beneficiary, and guarantor bank.
2) Common purposes of bank guarantees include providing security deposits, mobilizing funds, and ensuring performance or payment on contracts.
3) Guidelines state banks should exercise caution with performance guarantees and generally limit guarantees to 18 months, taking security such as cash margins from applicants.
4) Proper appraisal of guarantees is required similar to loans, examining the applicant's financial strength and purpose of the guarantee.
3) Principles and Practice of ReinsuranceKity Cullen
The document discusses the principles and practice of reinsurance. It covers three main topics: 1) the reinsurance needs of direct insurers in terms of protecting solvency and reducing variability of outcomes, 2) the forms and methods of placing reinsurance, including proportional and non-proportional reinsurance, and 3) reinsurance practices and problems, such as the effects of inflation and floating exchange rates on reinsurance business.
This document outlines the checklist and compliance requirements for non-banking financial companies in India as per the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions. It defines key terms related to income recognition, classification of assets, and accounting standards. It also provides guidance on classifying investments as current or long-term and the process for inter-class transfers.
The document discusses non-fund based credit facilities provided by banks, including letters of credit, guarantees, and co-acceptance of bills. It provides details on:
1) How these facilities work and the parties involved, including the applicant, issuing bank, beneficiary, advising/confirming/negotiating banks.
2) Guidelines from the Reserve Bank of India for these facilities, focusing on eligibility criteria for customers and banks' obligations.
3) Specific requirements for letters of credit, guarantees, and co-acceptance of bills.
This document discusses different types of collateral security that can be used to secure loans. It defines collateral security as property or other assets offered by a borrower to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral. The document provides examples of acceptable collateral like cash, securities, land, buildings, and personal guarantees. It discusses the advantages and disadvantages of different types of collateral security and how they can help mitigate risk for the lender.
This document discusses different types of loans and mortgages from the perspective of customers and banks. It defines loans and differentiates between secured and unsecured loans. It explains how interest rates affect monthly payments and payoff periods. It discusses reasons why companies may need loans and describes the amortization of loans. It also outlines the process of opening bank credit, factors that influence credit approval, and types of credit commitments banks provide including guarantees. The document further explains mortgage contracts, different types of leasing agreements including operating and financial leases, and real estate lease-back arrangements.
This document provides information on factoring and forfaiting. It defines factoring as the purchase of accounts receivables by a factoring company, which provides financing, debt collection services, and protects against bad debts. Forfaiting involves the outright sale of receivables to a forfaiter at a discounted price without recourse to the seller. The key differences between the two are that factoring is for ongoing arrangements, provides various services, and has no minimum transaction size, while forfaiting is for single transactions over $250k and only provides financing without recourse.
Takaful is an Islamic insurance concept based on mutual assistance and cooperation. It involves participants contributing to a common fund, which is used to pay compensation to any participant who suffers losses according to the terms of the Takaful agreement. There are different models for structuring Takaful, such as the Tabarru' model where contributions are seen as donations, or the Mudharabah model where profits from investing contributions are shared. Takaful aims to be free from elements like uncertainty and gambling that are prohibited in Islam. It is overseen by a Sharia Supervisory Council to ensure compliance.
Non-life insurance includes all insurances that are not life insurances and covers individuals and businesses against losses from events like fire, theft, or accidents by providing monetary compensation; it is commonly purchased for one-year periods and the main non-life insurers in Malta are Middle Sea, GasanMamo and Elmo. Non-life insurance companies account for underwriting results through technical accounts that track premiums, claims, and investment returns allocated to insurance operations.
Danajamin was established to develop Malaysia's domestic bond market and provide viable companies access to financing through bonds at reasonable costs. The document outlines Danajamin's objectives and underwriting process, including stringent criteria such as clear fund usage, adequate security, and constant monitoring of guaranteed bonds. A case example of Danajamin guaranteeing bonds for a property development project is provided to illustrate how the underwriting principles would be applied.
This document provides an overview of discounting, factoring, and forfaiting. It includes a table assigning topics to different students for research projects. The introduction defines discounting as converting future values to present values. Bill discounting involves a bank buying a bill from a customer before its due date and crediting the customer's account, less a discount charge. Factoring involves a financial organization purchasing a manufacturer's receivables and assuming credit and collection responsibilities. Forfaiting specifically deals with receivables related to deferred payment exports, where the exporter surrenders rights to payment to a forfaiter in exchange for upfront cash.
All about debentures an appraisal by d k prahlada rao 1BHARAT LIMAYE
This document provides an overview of debentures and the role of debenture trustees. It discusses that debentures are a form of corporate debt that acknowledges money lent and guarantees repayment with interest. A company issuing debentures must appoint a debenture trustee to protect investors' interests. The duties of a debenture trustee include ensuring the company maintains sufficient assets to repay debentures, enforcing security if the company defaults, and informing investors of any breaches. The document outlines qualification requirements for debenture trustees and the contents of a debenture trust agreement.
Danajamin Nasional Berhad is Malaysia's first financial guarantee insurer established by the Prime Minister with an initial capital of RM1 billion from the government. It will provide insurance guarantees of up to RM15 billion to facilitate the issuance of private debt securities. Danajamin will assess companies' creditworthiness and provide risk-based guarantees in exchange for premiums, enabling issuers access to long-term capital at competitive rates. This aims to stimulate the economy by improving credit availability, particularly for deserving lower investment grade firms.
These directions have been issued in exercise of the powers conferred by the Sections 21 and 35A of the Banking Regulations Act,1949; Chapter IIIB of the Reserve Bank of India Act, 1934; and Sections 30A, 32 and 33 of the National Housing Bank Act, 1987
To learn more visit : https://beacontrustee.co.in/
The document discusses India's Credit Guarantee Scheme for NBFC-MFIs/MFIs (CGSMFI) which provides credit guarantees to lending institutions that provide funding to NBFC-MFIs and MFIs for on-lending to eligible small borrowers during the COVID-19 pandemic. It outlines the key features of the scheme including eligible institutions, guarantee coverage of 75% of loan defaults for up to 3 years, responsibilities of member lending institutions, and eligibility criteria for loans extended to ultimate borrowers. The scheme aims to provide competitive funding to NBFC-MFIs/MFIs to support existing and new micro-enterprises during the pandemic.
1) La Ley 18962 de 1990 establece los requisitos mínimos para cada nivel educativo y normas sobre su cumplimiento y reconocimiento oficial de establecimientos. 2) La Ley 20501 de 2011 otorga facultades a los directores de establecimientos educacionales para evaluar docentes y proponer terminaciones de contrato. 3) La Ley 20370 de 2009 regula los derechos de la comunidad educativa y establece requisitos mínimos para cada nivel educativo.
El informe de Brunner identifica varios problemas en el sistema educativo chileno como la baja cobertura en educación parvularia, el escaso tiempo dedicado al aprendizaje, aspectos curriculares mal resueltos, un modelo pedagógico inadecuado, educación desigual según origen socioeconómico, transmisión esquemática de conocimiento, y deficiencias en las modalidades científico-humanista y técnico-profesional. Se recomienda ampliar la educación parvularia, aumentar el tiempo de aprendizaje
This document summarizes key aspects of SMSF borrowing rules under sections 67(4A), 67A and 67B of the Superannuation Industry Supervision Act. It discusses the changes made by sections 67A and 67B, and compares them to the previous rules under section 67(4A). It also outlines several unresolved issues around concepts like the 'single acquirable asset' and the nature of holding trusts.
Insurance, system of insurance accountingsooraj yadav
Insurance involves pooling funds from many insured entities to pay for losses some may incur. It protects insured entities from risk in exchange for a fee dependent on the likelihood and cost of events. There are two main types of insurance - life insurance which pays out on death or maturity, and general insurance like health, auto, or fire insurance which pays depending on financial losses from covered events. Insurance companies make money through underwriting risks and investing premiums paid, while providing protection through claims payments.
The document provides information about factoring and HSBC's factoring services. It defines factoring as the financial transaction where a business sells its accounts receivable to a third party called a factor. It then discusses the key parties and processes involved in factoring transactions, as well as the types of factoring services offered by HSBC, including domestic and international factoring. HSBC aims to be an active partner in managing customers' supply chains and receivables through these factoring products.
Unit Linked Insurance Policies (ULIPs) are life insurance policies that provide both risk coverage and investment. Most ULIPs offer a range of investment funds to suit different risk profiles and time horizons. Returns are not guaranteed as the investment risk is borne by the policyholder. Charges include premium allocation charges, mortality charges, fund management fees, and surrender charges. The document provides answers to frequently asked questions about ULIPs, such as what is a unit fund, benefits payable, consequences of discontinuing premiums, and fund performance reporting.
This document provides an overview of bank guarantees, including:
1) It defines a bank guarantee as a contract where the bank guarantees to perform a third party's liability in case of default. The parties involved are the applicant, beneficiary, and guarantor bank.
2) Common purposes of bank guarantees include providing security deposits, mobilizing funds, and ensuring performance or payment on contracts.
3) Guidelines state banks should exercise caution with performance guarantees and generally limit guarantees to 18 months, taking security such as cash margins from applicants.
4) Proper appraisal of guarantees is required similar to loans, examining the applicant's financial strength and purpose of the guarantee.
3) Principles and Practice of ReinsuranceKity Cullen
The document discusses the principles and practice of reinsurance. It covers three main topics: 1) the reinsurance needs of direct insurers in terms of protecting solvency and reducing variability of outcomes, 2) the forms and methods of placing reinsurance, including proportional and non-proportional reinsurance, and 3) reinsurance practices and problems, such as the effects of inflation and floating exchange rates on reinsurance business.
This document outlines the checklist and compliance requirements for non-banking financial companies in India as per the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions. It defines key terms related to income recognition, classification of assets, and accounting standards. It also provides guidance on classifying investments as current or long-term and the process for inter-class transfers.
The document discusses non-fund based credit facilities provided by banks, including letters of credit, guarantees, and co-acceptance of bills. It provides details on:
1) How these facilities work and the parties involved, including the applicant, issuing bank, beneficiary, advising/confirming/negotiating banks.
2) Guidelines from the Reserve Bank of India for these facilities, focusing on eligibility criteria for customers and banks' obligations.
3) Specific requirements for letters of credit, guarantees, and co-acceptance of bills.
This document discusses different types of collateral security that can be used to secure loans. It defines collateral security as property or other assets offered by a borrower to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral. The document provides examples of acceptable collateral like cash, securities, land, buildings, and personal guarantees. It discusses the advantages and disadvantages of different types of collateral security and how they can help mitigate risk for the lender.
This document discusses different types of loans and mortgages from the perspective of customers and banks. It defines loans and differentiates between secured and unsecured loans. It explains how interest rates affect monthly payments and payoff periods. It discusses reasons why companies may need loans and describes the amortization of loans. It also outlines the process of opening bank credit, factors that influence credit approval, and types of credit commitments banks provide including guarantees. The document further explains mortgage contracts, different types of leasing agreements including operating and financial leases, and real estate lease-back arrangements.
This document provides information on factoring and forfaiting. It defines factoring as the purchase of accounts receivables by a factoring company, which provides financing, debt collection services, and protects against bad debts. Forfaiting involves the outright sale of receivables to a forfaiter at a discounted price without recourse to the seller. The key differences between the two are that factoring is for ongoing arrangements, provides various services, and has no minimum transaction size, while forfaiting is for single transactions over $250k and only provides financing without recourse.
Takaful is an Islamic insurance concept based on mutual assistance and cooperation. It involves participants contributing to a common fund, which is used to pay compensation to any participant who suffers losses according to the terms of the Takaful agreement. There are different models for structuring Takaful, such as the Tabarru' model where contributions are seen as donations, or the Mudharabah model where profits from investing contributions are shared. Takaful aims to be free from elements like uncertainty and gambling that are prohibited in Islam. It is overseen by a Sharia Supervisory Council to ensure compliance.
Non-life insurance includes all insurances that are not life insurances and covers individuals and businesses against losses from events like fire, theft, or accidents by providing monetary compensation; it is commonly purchased for one-year periods and the main non-life insurers in Malta are Middle Sea, GasanMamo and Elmo. Non-life insurance companies account for underwriting results through technical accounts that track premiums, claims, and investment returns allocated to insurance operations.
Danajamin was established to develop Malaysia's domestic bond market and provide viable companies access to financing through bonds at reasonable costs. The document outlines Danajamin's objectives and underwriting process, including stringent criteria such as clear fund usage, adequate security, and constant monitoring of guaranteed bonds. A case example of Danajamin guaranteeing bonds for a property development project is provided to illustrate how the underwriting principles would be applied.
This document provides an overview of discounting, factoring, and forfaiting. It includes a table assigning topics to different students for research projects. The introduction defines discounting as converting future values to present values. Bill discounting involves a bank buying a bill from a customer before its due date and crediting the customer's account, less a discount charge. Factoring involves a financial organization purchasing a manufacturer's receivables and assuming credit and collection responsibilities. Forfaiting specifically deals with receivables related to deferred payment exports, where the exporter surrenders rights to payment to a forfaiter in exchange for upfront cash.
All about debentures an appraisal by d k prahlada rao 1BHARAT LIMAYE
This document provides an overview of debentures and the role of debenture trustees. It discusses that debentures are a form of corporate debt that acknowledges money lent and guarantees repayment with interest. A company issuing debentures must appoint a debenture trustee to protect investors' interests. The duties of a debenture trustee include ensuring the company maintains sufficient assets to repay debentures, enforcing security if the company defaults, and informing investors of any breaches. The document outlines qualification requirements for debenture trustees and the contents of a debenture trust agreement.
Danajamin Nasional Berhad is Malaysia's first financial guarantee insurer established by the Prime Minister with an initial capital of RM1 billion from the government. It will provide insurance guarantees of up to RM15 billion to facilitate the issuance of private debt securities. Danajamin will assess companies' creditworthiness and provide risk-based guarantees in exchange for premiums, enabling issuers access to long-term capital at competitive rates. This aims to stimulate the economy by improving credit availability, particularly for deserving lower investment grade firms.
These directions have been issued in exercise of the powers conferred by the Sections 21 and 35A of the Banking Regulations Act,1949; Chapter IIIB of the Reserve Bank of India Act, 1934; and Sections 30A, 32 and 33 of the National Housing Bank Act, 1987
To learn more visit : https://beacontrustee.co.in/
The document discusses India's Credit Guarantee Scheme for NBFC-MFIs/MFIs (CGSMFI) which provides credit guarantees to lending institutions that provide funding to NBFC-MFIs and MFIs for on-lending to eligible small borrowers during the COVID-19 pandemic. It outlines the key features of the scheme including eligible institutions, guarantee coverage of 75% of loan defaults for up to 3 years, responsibilities of member lending institutions, and eligibility criteria for loans extended to ultimate borrowers. The scheme aims to provide competitive funding to NBFC-MFIs/MFIs to support existing and new micro-enterprises during the pandemic.
1) La Ley 18962 de 1990 establece los requisitos mínimos para cada nivel educativo y normas sobre su cumplimiento y reconocimiento oficial de establecimientos. 2) La Ley 20501 de 2011 otorga facultades a los directores de establecimientos educacionales para evaluar docentes y proponer terminaciones de contrato. 3) La Ley 20370 de 2009 regula los derechos de la comunidad educativa y establece requisitos mínimos para cada nivel educativo.
El informe de Brunner identifica varios problemas en el sistema educativo chileno como la baja cobertura en educación parvularia, el escaso tiempo dedicado al aprendizaje, aspectos curriculares mal resueltos, un modelo pedagógico inadecuado, educación desigual según origen socioeconómico, transmisión esquemática de conocimiento, y deficiencias en las modalidades científico-humanista y técnico-profesional. Se recomienda ampliar la educación parvularia, aumentar el tiempo de aprendizaje
Cloudtestr Webinar - 5 Ways to Maximize Test Automation Success Cloudtestr Inc.
This webinar presentation will help you learn
* How to leverage automation to reduce defect leakage.
* The common pitfalls of automation projects and how to avoid them.
* The best tools to automate large-scale enterprise applications such as Oracle EBS Application, Fusion Application, Custom ADF and Web applications.
Learn from industry veterans, Srikanth Krishnan and Srinivas Potnuru, of Cloudtestr Inc., as they reveal how to maximize test automation efforts and reduce defect leakage in production.
You can watch the complete webinar recording here http://bit.ly/1GnF1ck
Aplicacion de estandare de calidad en la construccion de un algoritmoJonmar Rodiguez
Este documento discute varios métodos para diseñar y documentar algoritmos de manera estructurada y de alta calidad. Explica que el diseño de algoritmos requiere creatividad pero también puede beneficiarse de técnicas establecidas como diagramas de flujo, pseudocódigo y esquemas generales de resolución de problemas. También enfatiza la importancia de documentar algoritmos y programas de manera clara y legible para facilitar su comprensión y mantenimiento.
Heart failure is a common condition that significantly impacts quality of life. It occurs when the heart can no longer pump enough blood to meet the body's needs. ACE inhibitors are commonly used to treat heart failure by inhibiting the renin-angiotensin system, which promotes heart failure progression over time through ventricular remodeling. Numerous clinical trials have shown that ACE inhibitors reduce mortality and morbidity for patients with heart failure, as well as attenuating disease progression in both symptomatic and asymptomatic patients. However, more research is still needed on their effects in different types of heart failure patients.
Este documento resume varios programas educativos implementados en Chile entre 1990 y 2014, incluyendo programas de alfabetización para adultos, capacitación técnica, apoyo a familias en situación de pobreza, educación intercultural, entrega de materiales escolares, mejoramiento de escuelas rurales y liceos vulnerables, e introducción de tecnología en las escuelas. El documento describe cada programa y su objetivo de mejorar el acceso y calidad de la educación en Chile.
Arrhythmias are abnormal heart rhythms that can be caused by issues with the heart's electrical conduction system or structural problems with heart muscles or valves. Common causes include ischemia, electrolyte imbalances, cardiomyopathy, and genetic conditions. Arrhythmias are classified based on heart rate, regularity, site of origin in the heart, and ECG characteristics. They are often due to reentry circuits, abnormal automaticity, or heart block. Treatment involves medications to suppress arrhythmias or restore normal rhythm, ablation procedures, or pacemakers.
Hello my name is Tosin Ola and this presentation will highlight the risk management issue of excessive absenteeism, focus on the methods to curtail absenteeism, steps already in place, the points system, and healthy living programs.
Absenteeism is the term generally used to refer to unscheduled employee absences from the workplace (U.S. Legal, 2008., p. 1). According to the U.S. Department of Labor, companies lose approximately 2.8 million workdays a year because of employee injuries and illnesses (Gale, 2003, p. 40). Of all the expenses related to absence, unscheduled time off has the biggest impact on productivity, profitability and morale (Gale, p. 40).
The inability to plan for such absences forces hospitals to hire last-minute temporary staff (travelers and per diem nurses) at higher rates, pay more overtime to permanent staff, or add a staffing margin to replace anticipated lost labor by utilizing in-house per diem employees (L. Meyer, personal communication, December 8, 2009). All these tactics negatively affect the bottom line of the hospital in every fiscal period.
5 Ways you can own property in your SMSFkristenjames
There are 5 main ways to own property through a Self Managed Super Fund (SMSF):
1. Invest in a property fund or trust to gain exposure to properties with lower costs than direct ownership.
2. Invest in a property syndicate which pools investor funds to purchase properties.
3. Directly purchase residential or commercial property, but large capital is required and there are concentration risks.
4. Own your business property in the SMSF which provides income and tax benefits.
5. Purchase property using borrowed funds through a Limited Recourse Borrowing Arrangement, but these are complex with personal liability risks.
This document provides information about lending options for self-managed superannuation funds (SMSFs) to purchase investment properties. It outlines that SMSFs can now borrow up to 70% of a property's value for residential properties and 60% for commercial properties. The loans are secured by the property and serviced by rental income, with limited recourse only to the property if the SMSF defaults. Key benefits include accelerating wealth accumulation through gearing and accessing tax benefits. The target market is SMSFs allowed to and wishing to use debt for investments.
This document discusses the pros and cons of self-managed superannuation funds (SMSFs). SMSFs allow individuals greater control over their retirement savings by managing investments themselves. They require trustees to make investment decisions and comply with regulatory obligations. Key advantages include more investment options, potential tax benefits from certain asset classes, and estate planning benefits. Disadvantages include higher costs for smaller balances and significant responsibility to comply with superannuation laws. Case studies demonstrate using an SMSF to purchase business property or trigger capital gains to be taxed at the fund's rate rather than personal tax rates.
Securitization is the process of converting future cash flows from assets into marketable securities that can be sold to investors. An originator transfers a pool of financial assets like loans or receivables to a special purpose vehicle (SPV). The SPV issues securities called pass-through certificates or pay-through certificates to investors to fund the purchase. Investors receive periodic payments from the cash flows generated by the underlying assets. This allows the originator to raise funds and transfer assets off its balance sheet.
This document provides an overview of self-managed superannuation funds (SMSFs) and SMSF loans for property investment. Some key points covered include:
- SMSFs allow individuals to control their own superannuation investments and have more flexibility than retail funds, but also come with extra responsibilities.
- SMSF loans can be used to purchase residential or commercial property within the SMSF, but require a non-recourse loan structure and may require personal guarantees.
- Income sources like rental returns, PAYG contributions and investment earnings can be used to service SMSF loans within certain limits. Concessional and non-concessional contribution caps must also be considered.
- Banks will typically require
Financial services guide by EBM Insurance BrokersJhon Rooney
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2. Contents
Multiport’s SMSF gearing package 1
An exciting new opportunity 2
How does it work? 3
Solution provider 5
Process 5
About the SMSF gearing package 6
Important information 8
3. 1
Multiport’s SMSF gearing package
Your guide to borrowing to buy residential and commercial property in an SMSF
Multiport is a leading provider of self managed superannuation funds (SMSFs) and
managed account administration, reporting and compliance services. We are dedicated
to providing the highest level of service for a transparent and competitive fee.
We’d like to introduce the Multiport SMSF gearing package. Advisers and SMSF trustees
can now easily access a complete gearing solution for the purchase of either residential
or commercial properties via a single application.
This document explains how the service works, the terms and conditions of the service
and its features and benefits.
By coupling the SMSF gearing package with either a daily or annual Multiport SMSF
administration service, you can enjoy a fully integrated gearing solution that utilises
our significant industry expertise and delivers a successful and compliant outcome for
your SMSF.
4. 2
An exciting opportunity
You can now borrow cash to buy property in your SMSF. If this strategy is appropriate for your circumstances, the potential
benefits can include:
∙∙ the ability to reduce your capital gains tax position (potentially to zero)
∙∙ fast tracking the growth of your SMSF (if you choose your property investment well)
∙∙ having the ability to combine the family’s superannuation towards a property investment
∙∙ expansion and leveraging the assets of the fund
∙∙ using your SMSF to acquire an asset that you may feel more comfortable with.
Before you get started there are a few terms you should be aware of. In order to borrow to invest in property in an SMSF your
fund needs to enter into a limited recourse loan structure. The entity that buys the property is a bare trust. The overall structure is
referred to by lenders as a security trust. The lender may be a bank or other financial institution or could be you, as a related party.
As you can see, the rules for this type of borrowing are complex.
For an SMSF to borrow to acquire property it must establish a security trust structure. This is in some cases also referred to as a
custodian trust, a nominee trust or a bare trust. When your SMSF applies for a loan using the Multiport SMSF gearing package,
Multiport will arrange for the preparation of all the required documentation. This will usually include establishing a company to
act as trustee for the security trust if you do not already have one.
When financing your loan for the purchase of your SMSF property, there are a number of conditions you must adhere to.
These include:
∙∙ the property must be purchased in the name of the security trustee when you borrow to purchase property within
your SMSF
∙∙ all directors of the security trust must sign the purchase contract
∙∙ it is recommended that the purchase contract be signed ‘subject to finance’
∙∙ you must not put the name of your SMSF on the purchase contract.
As part of our gearing package, Multiport can ensure all these aspects are expertly managed for you.
Example
Property 100% purchase
Security
trust 30% deposit SMSF
Related
party
70% finance
Financial
institution
In this diagram, the lender could be either a bank or a related party.
5. 3
How does it work?
There are a number of steps involved in borrowing to invest in property through an SMSF. Multiport’s SMSF gearing package can
simplify this process.
Property is purchased by the security trustee
The security trustee is an entity that must be established completely separate from your SMSF. The security trust will usually need
to have a company as a trustee as this is generally required by banks. When an SMSF wishes to borrow to purchase a property,
the property must be acquired by the security trustee and not the SMSF directly. The property purchased is held on trust by the
security trust on behalf of the SMSF which has a beneficial right (but is not obligated) to acquire the property from the security
trust at a future point in time, generally when the loan is repaid.
Loan is made to the SMSF
Although the security trust actually purchases the property, it is the SMSF that borrows from the lender to fund the property
purchase. In return, the trustee of the security trust will provide a mortgage over the property purchased to the lender as security
for the SMSF borrowing (which must be a limited recourse loan).
Limited recourse loan
The security trust will provide the property purchased as security for the loan made to the SMSF. This is the only asset that can be
pledged to the lender as security for the loan made to the SMSF. In this way, the lender’s right to recover is limited to the property
purchased in the security trust. This means that in the event the SMSF defaults on the loan the lender can repossess or sell the
property only – they cannot repossess or sell any other SMSF asset.
SMSF acquires the property from the security trust
Importantly under the above arrangement, the SMSF must have a right to acquire legal ownership of the property from the
security trust by making agreed instalment payments after the property is purchased. Practically, this means that under the above
arrangement, the SMSF will acquire the property from the security trust through a series of agreed instalment payments which
typically will work as follows:
1. the SMSF invests an initial deposit as part of the property purchase price
2. the SMSF makes repayments to the lender until the debt is repaid in full
3. once the debt is repaid in full, legal ownership of the property is transferred from the security trust to the SMSF.
Property income and expenses
As the SMSF is the beneficial owner of the property (with the security trust named as the legal owner of the property until the
loan is repaid) the SMSF is entitled to all rent and is responsible for paying all property expenses such as rates, insurance etc. The
rent must be deposited to the cash account of your SMSF and expenses must be paid from that account. As the security trustee
acts as the legal owner of the property only, any transactions in relation to the property will flow via the bank account of the
SMSF only.
Repayment of loan to lender
On the repayment of the loan, the property is typically transferred from the security trust to the SMSF. Based on current legislation
and assuming the above arrangement has been correctly implemented, the transfer will not generally be subject to CGT and
nominal stamp duty should apply. Through Multiport’s SMSF gearing package, we will assist you to meet all the requirements of
the law.
6. 4
What happens if the property is sold?
Should the property be sold, you, as the SMSF trustee, must use the proceeds of sale to repay the loan. The balance of the
proceeds of sale can then be kept in cash within your SMSF or used to buy another asset. However, the existing loan cannot be
used to buy another asset as it will be deemed to have been cancelled upon repayment.
Why do I need a corporate trustee?
Establishing a corporate trustee for both your SMSF and the security trust is an essential part of the process associated with using
your SMSF to purchase a geared property where the lender is a bank or financial institution.
The majority of financial institutions require that a separate corporate trustee is established for both the SMSF and the security trust.
Where the lender is a related party it is not always necessary to have a corporate trustee.
In all cases the trustee of the SMSF must be a different entity to the trustee of the security trust.
As trustees of an SMSF, the additional benefits of having a corporate trustee may include:
∙∙ enhanced flexibility in relation to estate planning because the trustee does not need to change
∙∙ administratively easier to add or remove members from your SMSF without having significant paperwork
∙∙ administratively simpler for establishment of broking accounts and naming of assets with registries.
Multiport can simplify the process
SMSF gearing arrangements can be complicated and it is important to undertake the structuring arrangements in the correct
order. Failure to correctly implement the above arrangements may result in a breach of superannuation laws. The breach may
mean the SMSF is non-complying, which in turn may result in significant tax penalties or even civil or criminal consequences for
you as trustee. So it is important to get it right.
How long will it take?
The first step will always be to establish the SMSF and security trustee; this generally only takes a few days. However, you should
allow approximately 60 days for completion of the process from the time you complete the application form to settlement of the
property transaction. This period can however be longer in some cases.
Timeline of establishing new fund vs existing fund
New fund 6 – 8 weeks 2 – 4 weeks
Client submits
application for a new
SMSF with corporate
trustee and gearing
package
SMSF established and
rollovers in process
Indicative finance
approval
Security trust and
additional corporate
trustee established
Existing fund 2 – 4 weeks
Client submits
gearing package
application
Indicative finance
approval
Establish security
trust and corporate
trustee
Client completes
lender document
package
7. 5
Solution provider
Multiport is the facilitator of the SMSF gearing structure. We do this by bringing together all the relevant documents needed to
enable you to successfully use gearing to invest in property through your SMSF. In order to use the SMSF gearing package, you
will need to utilise a Multiport’s daily or annual administration solutions for the ongoing administration of your SMSF. We would
be happy to discuss which administration service is best suited to your needs.
Process
New funds (ie setting up a new SMSF):
Step 1: Multiport establishes the SMSF and corporate trustee under our normal establishment process and at standard costs.
Step 2: Arrange rollovers and or/initial contributions.
New or existing funds (including those already using Multiport):
Step 1: Ensure that the SMSF trust deed and investment strategy allow for the transaction
Step 2: Find the right property
Step 3: Organise finance. Multiport can refer you to an experienced mortgage broker if required
Step 4: Determine limited recourse borrowing trust structure, including security trustee
Step 5: Before any documents are signed, ensure advice has been sought so that the correct procedures are followed and no
unnecessary stamp duty liability arises
Step 6: Multiport will arrange for the limited recourse borrowing structure documents for execution
Step 7: Contract of sale executed by security trustee and deposit paid by SMSF.
Step 8: Exchange contracts for sale
Step 9: After settlement, Multiport can arrange for the stamping of the security trust deed with the relevant state duties office if
required. Please note that Multiport does not arrange stamping for properties purchased in the state of Queensland.
6 – 8 weeks Total
Client completes
lender
document package
Lender completes
loan application/
process documents
Settle on property 14 – 20 weeks
6 – 8 weeks Total
Lender completes
loan application/
process documents
Settle on property 8 – 12 weeks
8. 6
About the SMSF gearing packages
The following features are included in the SMSF gearing packages and are covered by our fee.
Essentials gearing package Related party gear
Loan agreement
Security trust deed
Corporate trustee
SMSF trust deed review
Stamping security custodian trust (except for Queensland properties)
Guidance, support and compliance (where applicable)
What does it cost?
There are two types of arrangements and the cost depends on who the lender is.
Third party loan
For a third party funded loan, the package fee for the facilitation of this service is $1,995.
This fee excludes the bank application fee, bank legal fee and bank legal review fees as these vary between providers.
The combination of these fees generally range in cost from $2,000 to $3,500 and you will need to verify this with your lender.
Additional costs may apply if you need to set up an SMSF. Other costs may also apply such as conveyance costs, valuation fees,
inspection fees and stamp duty. These are charged by the service provider you choose and the relevant state government based
on the price of the property.
Establishment costs
New fund Existing fund
SMSF establishment $660 N/A
Corporate trustee establishment (highly recommended) $725 $725
(waived if already in place)
SMSF gearing package $1,995 $1,995
Total $3,380 $2,720
Related party loan
The package cost is $1,650. If a new SMSF is to be set up, there is an additional fee of $660. If a corporate trustee is requested for
the SMSF then an additional cost of $725 is charged for each trustee company.
Establishment costs
New fund Existing fund
SMSF establishment $660 N/A
Corporate trustee establishment (highly recommended) $725 $725
(waived if already in place)
SMSF gearing package $1,650 $1,650
Total $3,035 $2,375
9. 7
Ongoing SMSF administration
Depending on your needs as the SMSF trustee, Multiport can offer either a daily administration and compliance service or an
annual service.
Our daily administration service is generally best suited to an SMSF with multiple assets, including the property, or where a higher
level of transactions are likely to take place over the course of a year. Our daily administration service is also well suited where
frequent monitoring of SIS compliance obligations is preferred. Under this administration option, clients and advisers also receive
full website access to view daily updated portfolio valuations, transactions, tax records etc, as well as quarterly reporting.
Our annual administration service is suited to SMSF trustees with a limited number of assets and lower transaction volumes who
don’t require the functionality of web access and regular reporting.
Our ongoing administration costs for SMSFs that hold property via a limited recourse borrowing structure, are shown in the
table below.
Please call us on 1300 364 672 and ask to speak to our gearing specialists to discuss which service may be best suited to your
needs.
Ongoing costs
Annual administration Daily administration
Administration Starting from $1,850 per annum Starting from $160 per month
Audit fee (per annum) $330 – $550 $330 – $550
Important information
Advice warning
Multiport (whether directly or via associated entities) is an administration service and therefore is not providing advice to you in
relation to the borrowing of money or purchasing property.
Where this publication refers to a particular financial product then you should obtain a product disclosure statement (PDS)
relating to that product and consider the PDS before making any decision about whether to acquire the product. We also
recommend that you should seek professional advice from a financial adviser before making any decision to purchase any
financial product.
12. Multiport Pty Ltd ABN 76 097 695 988
AFS Licence No. 291195
Disclaimer The information contained in this document provides a general guide to our services only. Changes
in circumstances may occur at any time and may impact on the accuracy, reliability or completeness of the
information and we exclude liability for any decision taken on the basis of the information shown in or omitted
from this document. Multiport Pty Ltd has taken reasonable care in producing the information found in
this document.
10126 07/14
POSTAL ADDRESS
PO Box N316
Grosvenor Place
Sydney NSW 1220
TELEPHONE
1300 364 672
multiport.com.au