Zenith Bank (UK) Limited provides various banking services including accepting deposits, providing loans, clearing checks, and acting as an intermediary in financial transactions. It must comply with regulations set by the Financial Conduct Authority and laws such as the Proceeds of Crime Act to prevent money laundering and bribery. The bank offers trade finance services including letters of credit, collections, guarantees and foreign exchange trading. It also provides wealth management services for high net worth individuals.
This presentation delves one through all the offices and the organizations involved in a trade life cycle. This tells us how a trade is executed in the real world with the help of the Front Office, Middle and Back Office.
This presentation delves one through all the offices and the organizations involved in a trade life cycle. This tells us how a trade is executed in the real world with the help of the Front Office, Middle and Back Office.
International Cash & Treasury Management | Miami 2015efguedes
EuroFinance’s 19th annual conference on
International Cash & Treasury Management
Wednesday 13 - Friday 15 May 2015
Trump National Doral Miami
Miami, US
The leading international treasury event for the Americas
This gives a high-level view of the processes involved in a trade life cycle like Trade execution, capture, affirmation, settlement and reconciliation.
Presentation for product developed by DerivaSYS LLC. Although developed in 2004/5, it anticipates the processing requirements of a derivatives clearing member.
This guide outlines the common techniques of export financing
and provides an overview of the solutions Silicon Valley Bank
provides for our clients selling overseas.
The transparency of securities financing transactions in the EULászló Árvai
Capital Markets Union (CMU)
•EU capital markets are global
•Considerable progress has been made
•But inefficiencies, legal barriers, insufficient competition remain.
•Markets need to work better for the economy, delivering growth and jobs.
ATO risk assessments: Your client may be an ATO targetRedchip
In an attempt to increase their communication with taxpayers, the ATO has introduced an Income Tax Profile scheme. Although the risk assessment reports distributed do increase transparency from the ATO, they also generate much confusion and concern – or at the other end of the spectrum, disregard and indifference.
If your client receives an assessment outlining them as high-risk, you need to be prepared to answer their questions and take action. Where has this data come from? What does it mean to be high-risk? Is your client facing an ATO audit?
This webinar gives you an overview of the Income Tax Profile process, what it means for your clients, and tips and tricks for dealing with any issues that may arise.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
Finance Resource Management in eresource ERP gathers financial data from various functional departments and generates valuable financial reports such as Balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost Center wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation Management, Tax Management, ABC Analysis and many more. For details:http://nfra.eresourceerp.com
http://www.eresourceerp.com
International Cash & Treasury Management | Miami 2015efguedes
EuroFinance’s 19th annual conference on
International Cash & Treasury Management
Wednesday 13 - Friday 15 May 2015
Trump National Doral Miami
Miami, US
The leading international treasury event for the Americas
This gives a high-level view of the processes involved in a trade life cycle like Trade execution, capture, affirmation, settlement and reconciliation.
Presentation for product developed by DerivaSYS LLC. Although developed in 2004/5, it anticipates the processing requirements of a derivatives clearing member.
This guide outlines the common techniques of export financing
and provides an overview of the solutions Silicon Valley Bank
provides for our clients selling overseas.
The transparency of securities financing transactions in the EULászló Árvai
Capital Markets Union (CMU)
•EU capital markets are global
•Considerable progress has been made
•But inefficiencies, legal barriers, insufficient competition remain.
•Markets need to work better for the economy, delivering growth and jobs.
ATO risk assessments: Your client may be an ATO targetRedchip
In an attempt to increase their communication with taxpayers, the ATO has introduced an Income Tax Profile scheme. Although the risk assessment reports distributed do increase transparency from the ATO, they also generate much confusion and concern – or at the other end of the spectrum, disregard and indifference.
If your client receives an assessment outlining them as high-risk, you need to be prepared to answer their questions and take action. Where has this data come from? What does it mean to be high-risk? Is your client facing an ATO audit?
This webinar gives you an overview of the Income Tax Profile process, what it means for your clients, and tips and tricks for dealing with any issues that may arise.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SCRL, provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
Finance Resource Management in eresource ERP gathers financial data from various functional departments and generates valuable financial reports such as Balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis, Cost Center wise Analysis, Branch wise Profit Analysis, profitability report, Asset and Depreciation Management, Tax Management, ABC Analysis and many more. For details:http://nfra.eresourceerp.com
http://www.eresourceerp.com
Asset Alliance |Financing Broker Dubai
Asset Alliance has a professional team with expertise in finance, mortgage and loan brokers in Dubai.
Financing Broker,personal loan,Personal Loan,SMEs Business Loan,POS Loan ,Mortgage ,Business bank, account,Credit Card,Buy out Loan,Debt Consolidation,
Car/ Auto Loan,Bank guarantee & Trade Finace Dubai.
Francis Clark is delighted to present our 9th annual Finance in Cornwall event, which has become an integral part of ‘Cornwall Business Week’.
The event looks to bring together people representing the funding and support streams potentially available to SMEs. Therefore, the event is of great relevance to Business Owners and Managers looking to find the best finance options available for their business and the support on offer to help them achieve their aims.
This year's event includes presentations from the big banks as well as the "alternative" finance providers. There will also be a number of organisations contracted to provide business support; including the providers of the Growth Hub and an update on 'European Funding'.
Global Expansion: A Treasury Road Map Towards Cross-Border SuccessSilicon Valley Bank
Insight from SVB's Global Treasury, Trade Finance and Foreign Exchange advisers on how to:
- Structure your accounts to support your global business with visibility, efficiency and control.
- Protect your profits by completing transactions in local currencies while managing exchange risk
- Build cross-border business relationships, and optimize your working capital
This presentation was offered as part of a webinar on June 3, 2015. View a replay of the webinar at http://bit.svb.com/1GtvuVr
The financing of physical trade is essential for ensuring the smooth flow of goods and commodities from the Middle East to the rest of the world. However, the complexity of the financial and regulatory landscape is increasing, and keeping pace with the many changes in the geopolitical sphere that have direct implications for financial institutions and their customers is becoming challenging. Through a day of workshops and presentations to an audience of lawyers and bankers, experts from Eversheds’ Trade Finance and Sanctions teams examined the legal and regulatory environment behind these international issues.
International Trade and Inherent Risks
Definition
Need for Trade Finance
Players and stake holders
Elements of Trade Finance
Traditional
Trending
Trade Financing Agencies
Terminology
Inco Terms
Summary
PKF Francis Clark is hosting a seminar which brings together providers of business funding, including both debt and equity; business support agencies including grant specialists; our own corporate finance experts and business owners themselves to provide short, sharp presentations in order to assist business owners and managers in assessing which funding stream is right for them.
Time to update your firm wide risk assessmentJonathon Bray
A live session run by Jonathon Bray and Rachael Eyre for law firms caught by the Money Laundering Regulations. Zoom recording available to COLP Insider newsletter subscribers.
Similar to Zenith Work Experience August 2016 (20)
1. Zenith Bank (UK) Limited
Work Experience
August 7th- August 19th 2016
2. sma
‘An establishment authorised by a government to accept
deposits, pay interest, clear checks, make loans, act as an
intermediary in financial transactions, and provide other
financial services to its customers’
(businessdictionary.com)
What is a Bank?
3. Brief Overview of Compliance
•What is compliance?
•What must a firm possess in order for
compliance to reach its optimum level?
•Which individuals need to comply with rules
and regulations?
•Compliance risk
4. Entities and Legislation
• Prevention of compliance risk
Financial Action Task Force (FATF)
–Set standards
–Coordinates international policy
Proceeds of Crime Act (POCA)
–Assist in anti-money laundering (max 14 yrs)
–Failure to report knowledge (min 5 yrs)
–Jeopardising investigation (max 5 yrs)
–Applies to all individuals
5. Entities and Legislation
Financial Conduct Authority (FCA)
–Regulates
–Protect and enhance
–Protecting financial markets
–Set in place for the prevention of..
6. Anti-Money Laundering
•Do not assist launderer
•Report knowledge/ suspicions
•MLRO
•Don’t tip off
•Bound by Money Laundering Regulations
2007
8. Client Due Diligence
•Knowing your client (KYC)
•Identify
•Verify
•Understand client business
•Understand source of clients fund
•Monitoring and checking for sanctions
•ENHANCED DUE DILIGENCE
9. Business Development
Responsible for originating business opportunities from
trade and Investment flows between Africa and the rest of
the world.
Business Development
International Desk Africa Desk
10. Wealth Management
Wealth management for high net worth individuals to meet their
offshore banking, investment and estate planning
requirements
Services include:
• Banking Facilities
• Investment advice
• Investment mortgages
• Wealth advisory
• Trust & Estate planning
• Philanthropy
11. Brief Overview of Finance
•Support for the business
•Financial statements
•Preparing the company’s financial returns
•Main objectives are
12. Objective of Management Accounting
•1. Provide monetary reflection
•2. Provide cause and effect insight
Management account therefore assist
16. Trade Services
• This Department is responsible for:
a) Documentary Credits
b) Standby credits
c) Guarantees and Indemnities
d) Documentary Collections
e) Bills of Exchange acceptances and connected
discounts
17. EXPORTER IMPORTER
Payment in Advance
Documentary Credit
Collections
Open Account
Risk for
exporter Risk for
exporter
Methods of Payment
High
HighLow
Low
18. Collections
Collections are means by which banks aid exporters to receive
settlement by handling financial documents and/or
commercial documents on their behalf to collect payment tor
the acceptance of a payment obligation from the importer
against the documents.
Commercial documents Financial documents
Commercial Invoice Bill of Exchange
Packing List Promissory note
Bill of Lading
19. Example: Back to Back Letters of Credit
Importer Middle Man Exporter, Supplier
Zenith PLC
Lagos
Zenith Ltd UK
Lagos, Nigeria Dubai, UAE Shanghai, China
20. Treasury Services
• Deals with mainly bond and FX trading for both
clients and the bank
• Managing of balance sheets and liquidity
• Trading deals with fundamentals (qualitative) &
technicalities (quantitative)
21. Zenith Bank UK
Zenith Bank UK is a commercial bank operating at the core as trade finance
business with additional wealth management, treasury, syndicate loans and
other banking facilities.
Governance looks at 4 specific points:
1. Make money and provide adequate returns for stakeholders
2. A positive working environment with good people strategy and
culture to ensure productivity as a successful organisation
3. Deliver Zenith UK to group & customer
4. Ensure we remain under the radar with regards to regulators which
strongly relates to integrity and reputation