how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
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2. Disclaimer
These presentation materials have been prepared by Hyundai Card Co., Ltd. (“HCC or the Company”), solely for the use at this presentation and have
not been independently verified. No representations or warranties, express or implied, are made as to, and no reliance should be placed on, the
accuracy, fairness or completeness of the information presented or contained in this presentation. Neither the Company nor any of its affiliates,
advisers or representatives accepts any responsibility whatsoever for any loss or damage arising from any information presented or contained in this
presentation. The information presented or contained in this presentation is current as of the date hereof and is subject to change without notice and
its accuracy is not guaranteed. Neither the Company nor any of its affiliates, advisers or representatives make any undertaking to update any suchits accuracy is not guaranteed. Neither the Company nor any of its affiliates, advisers or representatives make any undertaking to update any such
information subsequent to the date hereof. This presentation should not be construed as legal, tax, investment or other advice.
Certain information and statements made in this presentation contain “forward-looking statements.” Such forward-looking statements can
be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “considering,” “depends,” “estimate,” “expect,” “intend,” “plan,”
“planning,”“planned,” “project,”“trend,” and similar expressions. All forward-looking statements are the Company’s current expectation of future
events and are subject to a number of factors that could cause actual results to differ materially from those described in the forward-looking
statements. Caution should be taken with respect to such statements and you should not place undue reliance on any such forward-looking
statements.
Certain industry and market data in this presentation was obtained from various trade associations, and the Company have not verified such data with
independent sources. Accordingly, the Company make no representations as to the accuracy or completeness of that data, and such data involves risks
and uncertainties and is subject to change based on various factors.
This presentation does not constitute an offer or invitation to purchase or subscribe for any shares or other securities of the Company and neither any
part of this presentation nor any information or statement contained therein shall form the basis of or be relied upon in connection with any contract or
commitment whatsoever. Any decision to purchase shares in any offering of shares of the Company should be made solely on the basis of the
information contained in the offering document which may be published or distributed in due course in connection with any offering of shares of the
Company, if any.
The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole
or in part, for any purpose.
3. • Stable profitability : Operating profit of KRW 62 billion and ROA of 2.0%
1
Key Highlights 1Q13
• Effective marketing : Innovative branding increased market share to 14.5% as of 2012
• Excellent asset quality : 0.8% delinquency rate, the lowest rate among Korean FIs
• Sound capital structure : Leverage of 4.7x and a capital adequacy ratio of 20.7%
• Strong liquidity : Short term debt coverage ratio of 75.5%
4. 2
Resilient GDP Growth and Increasing Credit Card Usage
GDP Growth Rate & Unemployment Rate
GDP Growth Rate Unemployment Rate
Credit Card Spending & Usage Rate
Credit Card Spending (KRW Tn)
Despite of slower GDP growth, unemployment rate has been stabilized
Credit card usage takes up high portion of total private consumption
Credit card spending / Total private consumption
6.1%
3.6%
3.6% 3.5%
3.0%
3.2% 3.2%*
279.3
303.9
350.7
390.2
451.2
49.7%
52.8%
56.8%
59.6%
66.3%
Source: Bank of Korea, Unemployment Rate based on April Source: Credit Finance Association
0.2%
2.0%
1.5%
2009 2010 2011 2012 1Q13 2008 2009 2010 2011 2012
5. 3
Balanced-Risk Asset Portfolio and Consistent Market Share
Asset Portfolio (KRW Bn) Market Share Trend
Lump Sum Installments Cash Advance
Card Loan Others
Credit Purchase* Market
Credit purchase accounts for more than 60% of total asset
Maintain stable market share with 15% lever for credit purchase and 14% lever for total card usage
Card Loan Others
Total Credit Card Market (credit purchase*+ financial products)
13.8%
15.7% 15.7% 15.5% 15.5%
11.2%
13.1%
14.1% 14.3% 14.5%
7,136
9,186
9,563
9,898
9,165
25.8%
10.7%
15.0%
25.0%
12.6%
21.6%
25.4%
10.6%
21.0%
22.3%
9.5%
23.4%
18.7%
9.7%
25.8%
* Excludes corporate accounts
Source: FISIS
2008 2009 2010 2011 2012
2009 2010 2011 2012 1Q13
48.5% 40.7%
42.8% 44.4% 45.4%
6. 4
Good Profitability Underscores Strong Fundamentals
2010 2011 2012 1Q12 1Q13 YoY
Income Statement (KRW Bn) Return on Equity & Return on Assets
ROE ROA
15.1%
17.6%
Key Highlights
Operating Revenues 2,337 2,408 2,526 615 643 4.5%
(Excluding FX effect) 2,260 2,370 2,460 600 606 1.0%
Operating expenses 1,966 2,084 2,292 536 581 8.3%
(Excluding FX effect) 1,890 2,045 2,227 521 544 4.5%
15.1%
12.6%
9.0% 8.5%
3.5% 3.5%
2.6%
2.0% 2.0%
2009 2010 2011 2012 1Q13
Key Highlights
Operating income was down YoY due to:
- Reduced profitability as a result of regulatory changes
- Increase in bad debt expense due to economy slowdown
Maintained stable market share and number of card holders
Bad debt expense 185 200 203 42 55 30.0%
Operating income 371 324 233 79 62 -21.5%
Net Income 278 239 191 75 47 -37.0%
7. 5
Excellent Asset Quality and Conservative Reserve Policy
30+ Day Delinquency Rate (%) Total Reserve VS Regulatory Requirement (KRW Bn)
Regulatory Requirement Reserve under Accounting Principles
30+ Delinquency rate has been slightly increased due to the slowdown in the macro economy
Maintained conservative reserve policy which is always higher than regulatory requirement
Supplemental Reserve Total Reserve/ Regulatory Requirement
0.3% 0.4%
0.6%
0.7%
0.8%
363 357
378
544 537
123.9% 127.7%
199.1%
157.1% 155.7%
0.3% 0.4%
2009 2010 2011 2012 1Q13
114 148 190
346
345
142
189 174
181
180
204
2009 2010 2011 2012 1Q13
8. 6
Leverage and Capital Adequacy Soundly Managed
Leverage Trend Capital Adequacy Ratio (KRW Bn)
Total Assets / Total Shareholders' Equity Adjusted Capital CAR
Leverage was controlled below FSS regulation of 6X
Capital adequacy ratio has been well controlling above the regulatory guideline of 8%
Managed Borrowings / Total Shareholders' Equity
4.9x
6.0x
5.4x
5.1x
4.7x
22.5%
18.7% 19.6% 18.7%
20.7%
3.5x
4.4x
3.5x
3.2x
2.9x
2009 2010 2011 2012 1Q13
1,699 1,843
1,845 1,801
1,838
2009 2010 2011 2012 1Q13
9. • Maintain the proportions of ABS and CP
under 20% and 10%, respectively
7
Well Diversified, Stable Funding Portfolio
Funding Portfolio by Product Funding Principles
ABSABSABSABS
13.6%13.6%13.6%13.6%
• Maintain the average maturity ratio of
liability-to-asset at over 100%
• Contingency plans under regular review
BondsBondsBondsBonds
84.4%84.4%84.4%84.4%
LoansLoansLoansLoans
1.9%1.9%1.9%1.9%
13.6%13.6%13.6%13.6%
1.0
1.2
HCC 3Y Spread (%)
• Funding Balance : KRW 6,589Bn
• Long-term funding : 68.1%
0.0
0.2
0.4
0.6
0.8
1.0
Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13
13. 9
The Premier Korean Credit Card Company
• Industry leader across key quality metrics
- Excellent asset quality with the industry’s lowest delinquency rate of only 0.8%
- Strong customer loyalty with high card usage per customer
• Marketing innovations differentiate brand and drive growth
- Strategic marketing program with Hyundai Motor Group
- Leadership position in super premium segment
• Seven-year-long partnership between two global leaders:
Hyundai Motor Group and GE Capital
- Strong governance with GE Capital's active involvement in management & daily operations- Strong governance with GE Capital's active involvement in management & daily operations
- Joint promotions with Hyundai Motor Group
• Strong credit profile based on robust fundamentals
- International – Fitch: BBB / S&P: BBB
- Domestic – AA+
14. - Innovative “Point Programs”
- Stable & solid operational base
- Extensive sales network
Shareholder Financial & Operational Support
Relationship with Shareholders GE Capital’s Financial Support
2013201320132013 - Total Investment to date : U$622mm
(As of 1Q13 end)
10
- GE Capital increases paid in capital
by KRW 165bn
- 2006 ~ 2008
Exercising of Warrants
(Additional equity investment)
- GE Capital provides U$200mm back-up
credit-line
54.0%
- Extensive sales network
- Powerful financing arm
- Effective marketing tool
- Most successful joint venture
- Sole consumer finance window in Korea
2010201020102010
2008200820082008
2006200620062006
2012201220122012 - Total Investment to date : U$725mm
- GE Capital acquires KRW 313bn
equity interest in HCC
- Establishment of joint venture
with GE Capital43.3% - Advanced knowledge of risk
management
- Financial support
- Active involvement in management
and daily operations
2005200520052005
- GE Capital purchases KRW 200bn
subordinated bond
15. 11
Management Strategy
• Continuous product and service innovation and profit improvement to
overcome regulatory changes and intensifying market competition
• Enhance customer value through spending stimulation and increasing
customer loyalty
• Achieve sustainable growth through prioritizing risk management and
a strong capital structure
16. 12
Committed to Transparent Corporate Governance
Board of DirectorsBoard of DirectorsBoard of DirectorsBoard of Directors
• HMC 5 : GECC 4 : Outside directors 3
• GECC has veto rights
Risk Control CommitteeRisk Control CommitteeRisk Control CommitteeRisk Control Committee
• Member : 5 from HMC, 5 from GECC
• Frequency : Monthly
• Function
-Determination of risk indicator levels
and appropriate course of actions in
Executive Finance CommitteeExecutive Finance CommitteeExecutive Finance CommitteeExecutive Finance Committee
• Member : 4 from HMC, 3 from GECC
• Frequency : Monthly
• Function
-Approval of various operating
expenses, Capex, business and
Compliance Review BoardCompliance Review BoardCompliance Review BoardCompliance Review Board
• Member : 9 from HMC, 7 from GECC
• Frequency : Quarterly
• Function
-Formulation and execution of
compliance strategy, schemes, andand appropriate course of actions in
respect thereof
expenses, Capex, business and
funding plans
compliance strategy, schemes, and
improvements
• C-Suite executives: Vice President, Deputy CFO, Deputy CRO, Deputy CMO, Controller
• Working level : GE employees also involved in day-to-day operations
• Transfer of advanced knowledge in various functions through best practice sharing program
GE
Presence
17. 13
Business Area Features
Product Overview & Market Share
Market Share Trend
Total Credit Card Market (credit purchase*+ financial products)
Credit Purchase* Market
Credit
Purchase
Lump sum
• Single-payment purchases
• Repaid on a monthly billing cycle
Installment
• Multiple-payment purchases
• Payment period of 2-12 months
Card loan
• Unsecured loans to cardholders
9.8%
11.8%
12.8%
13.8%
15.7% 15.7% 15.5% 15.5%
10.1%
11.2%
13.1%
14.1% 14.3% 14.5%
Financial
Products
Card loan
• 3 – 36 month maturity
Cash advance
• Cash withdrawal
• Lump sum or installment payback
* Excludes corporate accounts
Source: FISIS
7.0%
8.8%
10.1%
2005 2006 2007 2008 2009 2010 2011 2012
22. 16
Korea’s Macro Environment
GDP Growth Rate & Consumer Price Index
GDP Growth Rate Consumer Price Index
Credit Card Spending & Usage Rate
Credit Card Spending (KRW Tn)
Credit card spending / Total private consumption
66.3%
6.1%
3.6%
2.8% 3.0%
4.0%
2.2%
1.4%
279.3
303.9
350.7
390.2
451.2
49.7%
52.8%
56.8%
59.6%
66.3%
Source: Bank of Korea Source: Credit Finance Association
0.2%
2.0%
1.5%
2009 2010 2011 2012 1Q13 2008 2009 2010 2011 2012
23. Korean Credit Card Market Features
17
• Conservative lending environment
- Low usage of revolving credit card products, as full payment of monthly balance
preferredpreferred
• Strong credit infrastructure
- Well developed credit bureau system provides a quantitative customer credit score
based on all previous credit history
• Cash-less society
- Ubiquitous acceptance of credit cards, high popularity of online shopping, and tax
incentives for credit card use
• Strict government oversight
- Regulations governing new origination practices and customer cash advance limits
24. 18
Korea Credit Card Industry: Then & Now
Combined Asset portfolio Total Asset Quality (30+ Day Delinquency Rate)
Credit Purchase Financial Products
Combined Capital Adequacy Ratio Regulatory & Infrastructure Changes:
- Credit bureau system established
35.1%
66.3%
64.9%
33.7%
2003 2012
28.3%
1.9%
2003 2012
Source: FSS
- Credit bureau system established
- Marketing regulations restricting new originations
- Companies must maintain capital adequacy ratio of
above 8%
- Leverage limit of 6x (Dec. 2012)
-5.5%
25.8%
2003 2012
27. Best in Class Risk Management
Strong governance for risk monitoring Examples of pre-emptive risk management
Category Recent actions taken
• Risk Control Committee (RCC)
– Decision making for most supreme risk
– Review portfolio risk performance
20
Cash
Advance
Lowered cash advance limits for lower credit
quality customers
Card Loan
Tightened underwriting policy for heavy
debtors
• Systematic New Product Risk Analysis
- Two-stage RCC approval process
- Pre-launch new product introduction and credit
review point assessment
• Risk Appetite Management
– Establish guidelines for portfolio / asset quality
– Determine risk management strategy per product
Credit
Purchase
Tightened underwriting policy for revolving
products and new originations
• Portfolio Quality Review
– Monitoring of main risk indices
– Follow-up on effects of credit policy changes
• Stress Test & Contingency Planning
– Scenario analysis based on economic forecasting
– Prepare action plans per contingency stage