Credit risk letter of credit risk managementIsha Joshi
This document discusses a case involving a letter of credit used for payment in an international sales transaction between a French company and a Shanghai company. The Shanghai company obtained an irrevocable letter of credit from its bank, Bank of China, for $200,000. When the French company shipped the goods and submitted the required documents to the negotiating bank in Marseille, payment was made. However, the cargo was lost at sea before reaching its destination. While the buyer seeks to avoid payment due to the lost goods, the document explains that the letter of credit transaction is independent of the sales contract, so the bank must honor its payment obligations if the documents comply. It suggests the buyer may be able to claim compensation from the seller
Testing in Production, Deploy on FridaysYi-Feng Tzeng
本議題是去年 ModernWeb'19 「Progressive Deployment & NoDeploy」的延伸。雖然已提倡 Testing in Production 多年,但至今願意或敢於實踐的團隊並不多,背後原因多是與文化及態度有些關係。
此次主要分享推廣過程中遇到的苦與甜,以及自己親力操刀幾項達成 Testing in Production, Deploy on Fridays 成就的產品。
Este documento presenta los principales productos de captación y colocación de un banco. Entre los productos de captación se encuentran cuentas de ahorro, cuentas corrientes y CDT, los cuales permiten a los clientes depositar dinero en el banco y ganar intereses. Los productos de colocación incluyen créditos de consumo, vivienda y rotativo, a través de los cuales el banco otorga préstamos a clientes y cobra intereses. El objetivo del banco es captar depósitos de clientes para luego colocar ese
Model risk and the importance of model risk management has gotten significant attention in the last few years. As financial companies increase their reliance on quants and quantitative models for decision making, they are increasingly exposed to model risk and are looking for ways to mitigate it. The financial crisis of 2008 and various high profile financial accidents due to model failures has brought model risk management to the forefront as an important topic to be addressed. Many regulatory efforts (Solvency II, Basel III, Dodd-Frank etc.) have been initiated obligating banks and financial institutions to incorporate formal model risk management programs to address model risk. In this talk, we will discuss the key aspects of model verification and validation and discuss best practices for stress and scenario testing for model verification and validation for MATLAB-based models. These best practices are meant to provide practical tips for companies embarking on a formal model risk management program or enhancing their model risk methodologies to address the new realities.
El Banco Mundial es una organización multinacional especializada en finanzas y asistencia para países en desarrollo, con el propósito de reducir la pobreza mediante préstamos de bajo interés y apoyos económicos. Se compone de varias instituciones como el Banco Internacional de Reconstrucción y Fomento y la Corporación Financiera Internacional. Ha sido criticado por proyectos que han causado daños ambientales y desplazamiento de personas.
Credit risk letter of credit risk managementIsha Joshi
This document discusses a case involving a letter of credit used for payment in an international sales transaction between a French company and a Shanghai company. The Shanghai company obtained an irrevocable letter of credit from its bank, Bank of China, for $200,000. When the French company shipped the goods and submitted the required documents to the negotiating bank in Marseille, payment was made. However, the cargo was lost at sea before reaching its destination. While the buyer seeks to avoid payment due to the lost goods, the document explains that the letter of credit transaction is independent of the sales contract, so the bank must honor its payment obligations if the documents comply. It suggests the buyer may be able to claim compensation from the seller
Testing in Production, Deploy on FridaysYi-Feng Tzeng
本議題是去年 ModernWeb'19 「Progressive Deployment & NoDeploy」的延伸。雖然已提倡 Testing in Production 多年,但至今願意或敢於實踐的團隊並不多,背後原因多是與文化及態度有些關係。
此次主要分享推廣過程中遇到的苦與甜,以及自己親力操刀幾項達成 Testing in Production, Deploy on Fridays 成就的產品。
Este documento presenta los principales productos de captación y colocación de un banco. Entre los productos de captación se encuentran cuentas de ahorro, cuentas corrientes y CDT, los cuales permiten a los clientes depositar dinero en el banco y ganar intereses. Los productos de colocación incluyen créditos de consumo, vivienda y rotativo, a través de los cuales el banco otorga préstamos a clientes y cobra intereses. El objetivo del banco es captar depósitos de clientes para luego colocar ese
Model risk and the importance of model risk management has gotten significant attention in the last few years. As financial companies increase their reliance on quants and quantitative models for decision making, they are increasingly exposed to model risk and are looking for ways to mitigate it. The financial crisis of 2008 and various high profile financial accidents due to model failures has brought model risk management to the forefront as an important topic to be addressed. Many regulatory efforts (Solvency II, Basel III, Dodd-Frank etc.) have been initiated obligating banks and financial institutions to incorporate formal model risk management programs to address model risk. In this talk, we will discuss the key aspects of model verification and validation and discuss best practices for stress and scenario testing for model verification and validation for MATLAB-based models. These best practices are meant to provide practical tips for companies embarking on a formal model risk management program or enhancing their model risk methodologies to address the new realities.
El Banco Mundial es una organización multinacional especializada en finanzas y asistencia para países en desarrollo, con el propósito de reducir la pobreza mediante préstamos de bajo interés y apoyos económicos. Se compone de varias instituciones como el Banco Internacional de Reconstrucción y Fomento y la Corporación Financiera Internacional. Ha sido criticado por proyectos que han causado daños ambientales y desplazamiento de personas.
Scaling CPU Experiences: An Introduction to the Entity Component SystemUnity Technologies
Project: https://github.com/unitytechnologies/spaceshooterecs
If you've seen an Entity Component System (ECS) demo and thought, "how did they do that?" then this talk is for you. Unity's ECS (combined with the C# Job System and the Burst Compiler) provides an easy and safe way to unlock the power of modern CPUs. Come see first-hand how to implement the ECS and the C# Job System in a project. You'll leave with a better understanding of the concepts, terminology, application, and massive benefits of these new additions to Unity.
Speakers:
Mike Geig (Global Head of Evangelism Content, Unity)
Julien Fischer (Developer Marketing Manager, Intel)
https://unite.unity.com/2018/berlin
From TaekuenKim, Technical Art Director, Joycity
It is a talk of a right game engine for you who having a question to which one of commercial game engines is right for their project.
조이시티 테크니컬아트디렉터 김태근
자신의 프로젝트에 맞는 게임 엔진을 고르는데 어떠한 고려사항을 감안해야하는지에 대한 설명을 담고 있습니다.
La presentazione della mia tesi di dottorato sulla Tangenziale Nord-Est basata sull'analisi spaziale consentita dai sistemi informativi georeferenziati. Mette a confronto il progetto della tangenziale con il vecchio tracciato previsto dal piano del traffico del 2002 di ricucitura della viabilità esterna già esistente
This document provides an overview of treasury management. It outlines the major objectives as imparting theoretical knowledge of treasury management and understanding products and policies. The syllabus covers topics like treasury organization, sources and uses of funds, risk management, pricing, and treasury functions in Nepalese banking. Treasury management refers to optimally managing a bank's consolidated funds within an acceptable risk level. It includes activities like liquidity management, money market transactions, foreign exchange management, and rate determination. The treasury department acts as the custodian of a bank's cash and other liquid assets.
Credit risk refers to the risk of a borrower defaulting on a loan by failing to repay the principal and interest. Credit risk depends on both external economic factors like the state of the economy, commodity prices, and exchange rates, as well as company-specific factors like management expertise and policies. Banks can mitigate credit risk by requiring collateral on loans or transferring the risk to another party. Common types of collateral include real estate, other assets, and securities. Methods of transferring risk include credit derivatives and selling portions of loans.
The document discusses the functions and responsibilities of treasury management in banks and companies. It begins by defining treasury management and outlining the key roles of the treasury department. It then describes the organizational structure of treasury departments, including the functions of the front office, mid office, and back office. The document also discusses objectives, cash forecasting, risk management and other responsibilities of treasury managers. Overall, the document provides a comprehensive overview of the purpose and operations of treasury management.
La titrisation: transformer des créances en liquidité. ingénierie financière Soufiane MERROUN OUAHHABI
Exposé sous thème la titrisation réalisé dans le cadre du cours : montage et ingénierie financière, par le etudiants du Master : MANAGEMENT COMPTABLE ET FINANCIER a l'ENCG Fès.
Financial institutions’ laws and regulation sTANOLI123
The document summarizes major laws and regulations for financial institutions in Pakistan. It discusses objectives of bank regulations such as prudential requirements and reducing systemic risk. It also outlines general principles of regulation including minimum capital requirements, supervisory review, and market discipline. Specific laws covered include capital adequacy, reserve requirements, governance standards, reporting obligations, inspections, audits, and restrictions on activities. Regulations for non-bank financial institutions are also summarized regarding exposure limits, borrowing conditions, and operational requirements.
BMCE CAPITAL - Le marché financier Marocain BMCECapital
Dans un monde en pleine mutation où la mondialisation est devenue une donnée incontournable, le Maroc revendique son ambition de se positionner comme le hub africain de la finance.
Barings Bank collapsed in 1995 due to unauthorized trading by head derivatives trader Nick Leeson in Singapore. Leeson was gambling on the direction of the Japanese markets and hiding his losses in an error account known as the "five eights account". On February 23, 1995, auditors discovered Leeson had generated over £827 million in losses, twice the bank's capital. Leeson was sentenced to 6.5 years in prison and Barings Bank was declared bankrupt and purchased by ING Bank.
Scaling CPU Experiences: An Introduction to the Entity Component SystemUnity Technologies
Project: https://github.com/unitytechnologies/spaceshooterecs
If you've seen an Entity Component System (ECS) demo and thought, "how did they do that?" then this talk is for you. Unity's ECS (combined with the C# Job System and the Burst Compiler) provides an easy and safe way to unlock the power of modern CPUs. Come see first-hand how to implement the ECS and the C# Job System in a project. You'll leave with a better understanding of the concepts, terminology, application, and massive benefits of these new additions to Unity.
Speakers:
Mike Geig (Global Head of Evangelism Content, Unity)
Julien Fischer (Developer Marketing Manager, Intel)
https://unite.unity.com/2018/berlin
From TaekuenKim, Technical Art Director, Joycity
It is a talk of a right game engine for you who having a question to which one of commercial game engines is right for their project.
조이시티 테크니컬아트디렉터 김태근
자신의 프로젝트에 맞는 게임 엔진을 고르는데 어떠한 고려사항을 감안해야하는지에 대한 설명을 담고 있습니다.
La presentazione della mia tesi di dottorato sulla Tangenziale Nord-Est basata sull'analisi spaziale consentita dai sistemi informativi georeferenziati. Mette a confronto il progetto della tangenziale con il vecchio tracciato previsto dal piano del traffico del 2002 di ricucitura della viabilità esterna già esistente
This document provides an overview of treasury management. It outlines the major objectives as imparting theoretical knowledge of treasury management and understanding products and policies. The syllabus covers topics like treasury organization, sources and uses of funds, risk management, pricing, and treasury functions in Nepalese banking. Treasury management refers to optimally managing a bank's consolidated funds within an acceptable risk level. It includes activities like liquidity management, money market transactions, foreign exchange management, and rate determination. The treasury department acts as the custodian of a bank's cash and other liquid assets.
Credit risk refers to the risk of a borrower defaulting on a loan by failing to repay the principal and interest. Credit risk depends on both external economic factors like the state of the economy, commodity prices, and exchange rates, as well as company-specific factors like management expertise and policies. Banks can mitigate credit risk by requiring collateral on loans or transferring the risk to another party. Common types of collateral include real estate, other assets, and securities. Methods of transferring risk include credit derivatives and selling portions of loans.
The document discusses the functions and responsibilities of treasury management in banks and companies. It begins by defining treasury management and outlining the key roles of the treasury department. It then describes the organizational structure of treasury departments, including the functions of the front office, mid office, and back office. The document also discusses objectives, cash forecasting, risk management and other responsibilities of treasury managers. Overall, the document provides a comprehensive overview of the purpose and operations of treasury management.
La titrisation: transformer des créances en liquidité. ingénierie financière Soufiane MERROUN OUAHHABI
Exposé sous thème la titrisation réalisé dans le cadre du cours : montage et ingénierie financière, par le etudiants du Master : MANAGEMENT COMPTABLE ET FINANCIER a l'ENCG Fès.
Financial institutions’ laws and regulation sTANOLI123
The document summarizes major laws and regulations for financial institutions in Pakistan. It discusses objectives of bank regulations such as prudential requirements and reducing systemic risk. It also outlines general principles of regulation including minimum capital requirements, supervisory review, and market discipline. Specific laws covered include capital adequacy, reserve requirements, governance standards, reporting obligations, inspections, audits, and restrictions on activities. Regulations for non-bank financial institutions are also summarized regarding exposure limits, borrowing conditions, and operational requirements.
BMCE CAPITAL - Le marché financier Marocain BMCECapital
Dans un monde en pleine mutation où la mondialisation est devenue une donnée incontournable, le Maroc revendique son ambition de se positionner comme le hub africain de la finance.
Barings Bank collapsed in 1995 due to unauthorized trading by head derivatives trader Nick Leeson in Singapore. Leeson was gambling on the direction of the Japanese markets and hiding his losses in an error account known as the "five eights account". On February 23, 1995, auditors discovered Leeson had generated over £827 million in losses, twice the bank's capital. Leeson was sentenced to 6.5 years in prison and Barings Bank was declared bankrupt and purchased by ING Bank.