Business Tips and Marketing Advices

Posts Tagged ‘Financial Services’

Does it have many credit card is good ?

We recommend that the customer is more mature and wise in having a credit card while still considering the level of need and ability to pay off credit cards that have been used. So that customers will realize there are consequences of credit card ownership compared to ability to pay.

How BI responding to customer complaints related to these debt collectors?

The bank and the customer must pay attention to ethics in business and comply with applicable legislation. In the rules we have outlined the principles that should referenced in carrying credit card debt collection activities that should not be carried out contrary to applicable law, among others, clearly prohibits the practice of violence, threats, and other inappropriate treatment in the negotiations. Although the bank delegates the billing to a third party, but the responsibility of the bank mandate giver.

When customers feel aggrieved bank customer what should be done?

Customer needs to clarify with the bank first. In terms of the settlement effort in the bank does not satisfy the customer then the customer may request mediation banking.

If there is a problem between the bank and the client how the client should behave?

In accordance PBI No.7/7/PBI/2005 about Customer Complaint Settlement, as amended by PBI No.10/10/PBI/2008 about Customer Complaint Settlement, customers can submit complaints to the bank’s problem. Furthermore, in the case are not satisfied with the settlement in the bank, customers can apply for a banking mediation (if the dispute meets the requirements as set forth in this regulation on banking mediation No.8/5/PBI/2006 as amended by PBI. 10 / 1 / PBI/2008).

Is true if one uses the services of a lawyer streets or street lawyer in repayment?

Using the services of a lawyer is the right of every citizen, however, to consider various aspects before using the services of these lawyers. In addition, the settlement payment between customers and banks in general depend on the outcome of negotiations between the customer and the bank where the granting / denial of the restructuring of the authority of the bank completely.

What is your advice when it comes to customer debt collector?

Present problems with payment difficulties encountered polite, and keep good faith  the customer to pay off debts.

And what must be done before the debt collectors come to the customer?

Customer should have good communication with the bank regarding the issue of payment difficulties faced  negotiations and bill payment.

Your feedback about credit card, what to put customers first before using credit cards?

The urgency of the credit card usage. That is, customers need to be prudent to determine whether the transaction with a credit card is needed or not. In practice, the customer uses a credit card with a reason to get a discount or easy payment installments on a product. This needs to be considered again by the client given the risks the imposition of interest or penalties that continue to cling on every transaction that has been done using a credit card.

financial decisions must have a background. Every financial decision should be based on the background that could be accounted for rationality. So, no you spending a dime that is “like-like”.

If you want any expenditure which is not unexpected, since the beginning should be no allocation of such expenses. For example, 10 percent of your income is earmarked for activities that are just so cost. Is it for-for money for people who think you deserve to be divided, or for activities of a hobby. However, the total allocation for things like that, as described above, should not exceed 10 percent. Unless, you want to reap financial problems later in life. Go ahead.

In conclusion, the actual financial decisions is one important element in ascertaining whether you will succeed or fail in managing finances and, in turn, achieve financial goals. Decisions that are reactive or without a plan will typically give more negative impact.

If your behavior is the reactive, impulsive, and easily influenced by others, it never hurts to start to fix it, if you want to live, in a financial context, no problems.

It looks great, but the original price of the goods were actually expensive. Call it branded bags. The price there are tens of millions. However, due to a 50 percent discount you become hooked and also purchased, with a variety of reasons, including want to own branded goods as prestige. What happens then is remorse. Because, in fact you do not need a designer bag and more than that, is not included in your financial planning. Your financial decisions based solely emotional.

Second Impact, financial decisions should see the impact of short, medium, or long. Suppose you do not already have a house and still live in a rented house. On the other hand, rent a rented house was big enough. So can the question arises, whether to continue contracting, while waiting for an increase in income and when able to buy a house, or now you plan to buy a house with a bank loan.

The choice of contract or buying a home will obviously have an impact long term. That is, if you buy a house, one of your financial goals will be achieved. However, on the other hand, you also will bear the debt of mortgage loans are also long term.

So, which one is better? It’s simple. If you keep a rented house, you do not have debt, but also do not have a home. While on the other hand, some income will be eroded to pay a rental fee or contract houses. As for if you buy a house, you need not pay rent anymore, but your expenses will be allocated to pay the loan installments. Expenditure on the one hand with assets on the other side. Clearly this is a better choice.

Most investors realize that it’s important for a company to have a good management team. The problem is that evaluating management is difficult – so many aspects of the job are intangible. It’s clear that investors can’t always be sure of a company by only poring over financial statements. Fallouts such as Enron, Worldcom and Imclone have demonstrated the importance of emphasizing the qualitative aspects of a company. There is no magic formula for evaluating management, but there are factors to which you should pay attention. In this article we’ll discuss some of these signs.

The Job of Management
A strong management is the backbone of any successful company. This is not to say that employees are not also important, but it is management that ultimately makes the strategic decisions. You can think of management as the captain of a ship. While not physically driving the boat, he or she directs others to look after all the factors that ensure a safe trip.

Theoretically, the management of a publicly traded company is in charge of creating value for shareholders. Management is to have the business smarts to run a company in the interest of the owners. Of course, it is unrealistic to believe that management only thinks about the shareholders. Managers are people too and are, like anybody else, looking for personal gain. Problems arise when the interests of the managers are different from the interests of the shareholders. The theory behind the tendency for this to occur is called agency theory

The management company provides services to the cooperative, providing technical and professional ability, experience, knowledge and resources to effectively develop real estate project:

• Technical and administrative assistance;

able to control the execution of the works, the project design and licensing process required.

• Comprehensive legal advice ranges from the Articles of Incorporation of the Cooperative Society, Statutes, Deeds and Statutes Horizontal Division of the Owners, to the Scriptures for the award of housing to the partner.

Besides, the management company also:

Always act as instructed by the cooperative, agreed on the main management bodies: Governing Council and General Assembly. Liable to the cooperative for any negligence, Defend the interests of the cooperative, a major part of its mission. Will have sufficient technical and professional capacity to conduct effective management.

A manager of a mutual fund is a corporation, whose purpose is the representation and administration of collective investment institutions (IIC), with powers of control over these assets without owning them.

Features include:

Establish a fund along with the depositary to develop the appropriate regulations.
Exercise the rights attaching to the securities that the fund has a portfolio of exclusive benefit of members.
Determine the value of the shares.
Manage the assets of the fund object.
The managers are required to periodically submit to the CNMV comprehensive information that tells the history of funds and the degree of compliance with the legal requirements, among others are: the investment ratios of assets, equity, liquidity, positions the group manager, list of buying and selling, etc..

In practice, the fund acts as a “sack.” To the extent that a participant elects to purchase shares, the cash from the bag comes in increasing the wealth and the manager invests in securities. When the investor sells shares, the fund reduces its assets. All the purchase, sale and transfer of shares must inevitably pass through the manager, not being able to operate without this average.

The first significant reference to the Investment Funds in Spain, dating from 1964 through Decree-Law 7 / 1964 of April 30, which authorizes the government to regulate investment funds financial information (mutual fund) . In its early investment funds did so only in equities, so that your progress will be closely linked to the exchange. Until 1974, experiencing a great development, but the global crisis of the 70 causes a steady decline in growth due to the low yields they produced. It is from that moment when one begins to consider the fixed-income assets to diversify portfolio risk, and in 1980 began to enter values ??in this category in the fund portfolios. Finally, Law 46/1984, of December 26, consolidating the trend with the creation of investment funds in money market funds (FIAMM).

However, the final impetus for the FIM and FIAMM occurs at the beginning of the 90 for several reasons. From a financial standpoint, is the creation of Fondtesoro whose state advertising campaigns this formula greatly promote investment and on the other hand we must not forget in this sense, the direct involvement of banks and savings banks as promoters the vast majority of funds marketed in Spain, taking advantage of their distribution networks across the country.

The control and supervision of funds for the Commission Nacional de Valores (CNMV), which performs its function with the same powers and legislative powers, regulators, auditors and penalties, that is vested by the Law 1284/98 Market Securities.

Management Companies, Custodians and all brochures and reports on the Funds registration is compulsory in the Register maintained by the National Securities Commission, are governed by the provisions of Law No. 811/96, the regulations of the CNMV and the respective regulations or internal management of each of the funds previously approved by the committee.

Law 35/2003 on November 4 Collective Investment Institutions and unfolding regulations set the rules governing investment funds with mutual funds, as well as their managers and custodians. The purpose of the Funds and Mutual Funds is established with the purpose of investing in securities or real estate, as appropriate.

A mutual fund is an asset without legal personality, which is made up of contributions from a number of investors or participants. The fund is managed by a management company Collective Investment Institutions (SGIIC) and their property rights are represented by a certificate of participation. The contributions of all investors in mutual funds are invested in financial assets (bills, bonds, debentures, stocks, derivatives, etc.) Or non-financial assets (philately, art, buildings, etc …).

While mutual funds are constituted as Corporations shareholders being owners of the company, the Investment Funds are defined as assets that belong to a plurality of investors called stakeholders.

The assets of an investment fund is divided into a number of units of the same characteristics that have the character of negotiable, but have no value. The number of entries is unlimited and each value is calculated by dividing total equity value of the number of shares outstanding, this value is going to be called net asset value.

First check all the steps Make a choice and take this time.  See calm all the information you have collected.

Ask yourself some questions: Can I use the money for a long time to miss?

* What risks do I take?
* How long do I invest?
* What type of investment is right for me?
* Do I want to invest directly or through a financial company?
* Has the company a license or an approved prospectus?
* Is the company on the warning list of the AFM?
* Did I read all the information about the investment that I choose?
* Do I know what the risks are?
* Do I know what all the costs?

Do you have any questions about an investment? Ask the provider or a consultant. Do not buy products you do not understand.

Got a complaint, contact

Got a complaint? Then write a letter to the financial undertaking. Join complaint also the Financial Markets of the AFM. The AFM can not intercede for you. That needs to the Financial Services Complaints Institute (Kifid) or go to court. The AFM can decide to investigate whether the company broke the rules. If necessary, the AFM can talk with the company, an imposing fines or license revocation. Read the AFM leaflet “A complaint Financial?”

Does the company’s problems? For companies with a license from the AFM or the Nederlandsche Bank (DNB) is the deposit guarantee scheme or investor compensation scheme. This may mean that you (part of) the amount of your investment back if your company goes bankrupt that you invest. The regulations do not apply as you will lose money by investing. Or if a company you invest in goes bankrupt.

Has the financial undertaking a permit? Has approved the prospectus? The prospectus contains information on, among other things, the company and its investment.

Some financial companies have an exemption. They do not have authorization or approved prospectus. The AFM does not control these companies. For example:

* If they offer investment per piece or per pack € 50,000 – or more charges.
* If they make the investment only to professional investors or to offer less than one hundred people.

The AFM is also a warning list of companies known to them without work permit or approved prospectus These companies are not exempt and must be licensed or approved prospectus.