REVIEW QUESTIONS 1. Why did Nick Leeson sell numerous short straddles for each long futures contract he bought? When Nick Leeson was being promoted on the Singapore branch of the Barings bank‚ the strategy of the bank was to reduce the risk exposure by using a combination of one short straddle (combination of put / call) and for one long future. Since Nick Leeson used to be a specialist on Future contracts on Nikkei 225 and Japanese 10 years bond and was sure this market would arise. So
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Commodities Trading: Nick Leeson‚ Internal Controls and the Collapse of Barings Bank __________________________________________________________________________________________ Commodities Trading: Nick Leeson‚ Internal Controls and the Collapse of Barings Bank By Sam Bhugaloo Page 1 of 21 Commodities Trading: Nick Leeson‚ Internal Controls and the Collapse of Barings Bank __________________________________________________________________________________________ Table of Content
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Singapore between 1992 and 1995 enabled Nick Leeson to operate effectively without supervision from Barings Bank in London. Leeson acted both as head of settlement operations (charged with ensuring accurate accounting) and as floor manager for Barings’ trading onSingapore International Monetary Exchange‚ or SIMEX. This placed Leeson in the position of reporting to an office inside Barings Bank which he himself held. Because of the absence of oversight‚ Leeson was able to make seemingly small gambles
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5 Crucial Strategies for Doubling Revenue Five Crucial Strategies for Doubling Revenue In preparing for our Sales and Marketing executive wokshop and visiting with world’s top sales and marketing thought leader- Neil Rackham‚ several actionable ideas have emerged which you can act on immediately 1) Salespeople must become value creators Too many salespeople are “talking brochures”‚ trying to show customers how their products or services are better than competitors. This is traditional
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Topic: Family expectations have positive and negative influences on individuals. Alice Pung’s Growing up Asian in Australia shows family expectations have positive and negative influence on individuals. It is normal for most families to want to see their children happy‚ healthy and successful. Not all parents‚ however‚ agree on the order of these three things and not all parents place the same amount of pressure on their children to conform to their expectations. In fact‚ some parents believe it
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Exam Notes " 0)Page)1)of)20)0) Nicholas)Tong)Wei)Jie) ) GENERAL" ESSAY)WRITING)TIPS) SUMMARY:)Summary)of)what)happened)in)one)sentence)e.g.)_____)applied)for)a)licence)but)did)not)get)it.) REMEDIES:)_______)is)seeking)judicial)review)of))__________’s)decision)to)_________.)) Incorporate)desired)remedies)(certiorari/mandamus/prohibition)) GROUNDS"OF"REVIEW:)Give)a)short)summary)of)your)analysis)e.g.)A)has)3)potential)grounds)for)review‚)but)[insert)possible)ground])is)his/her) strongest)ground)whereas)[insert)possible)ground])is)weak
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Frankenstein-The Doppelganger and It’s Effect “Especially in the literature of Romanticism‚ the double figure or doppelganger emerges as a central object of fascination for the imagining self‚ by turns compulsion and recompense‚ endowment and disaster.” (Gross‚ Vo.22 pg. 20) A majority of the literature population uses the literary device the doppelganger. A doppelganger uses a psychological perspective of a character by taking that character’s hidden wants and desires and making them a completely
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Norbert Sackey Social Theory Kajsa Hallberg Adu The Ideology of Liberalism Liberalism as a term can perhaps be tracked back as far as to early agricultural societies‚ when people started living in settled communities and were forced‚ for the first time‚ to find ways of trading and living with strangers. Nevertheless‚ liberalism as a developed ideology was a product of the breakdown of feudalism in Europe ‚ and the growth in its place‚ of a market or a market or a capitalist society. In
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University‚ UK (MBA1) Oxford Brookes University‚ UK (BSc. Hons) CICPA2 PO Box 117‚ Geylang Post Office‚ Singapore 913804 Tel: +65-83300960 E-mail: muzihemba@gmail.com Dr. K. C. Wong MBA Project Supervisor / Mentor Abstract: Qingdao Haier has been the world ’s largest white goods manufacturer since 2010. Haier has built a portfolio of unrelated diversification through mergers and acquisitions and had decentralizing its operational risks. Haier is confronting few strategic issues which might be more rational
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Corporate Strategy Analysis: A Resource Based View 3 Developing New Capabilities 5 I. Mergers and Acquisitions 6 II. Strategic Alliances 6 III. Incubating Capabilities 6 Current Strategies 7 International strategy-why did they fial? 8 Conclusion 9 Bibliography 11 Abstract Marks & Spencer Group is ranked 53 on the FTSE All-Share Index Ranking as at close on Tue‚ 4 December 2012. This essay explores how specific resources have influenced its strategies‚ and how
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