2.13 THE HISTORY OF ELECTRONIC FUND TRANSFER The history of electronic fund transfer and electronic banking are to a large extent ‚closely interrelated with that of the automated banking systems and also the growth of the consumer financial service market now widely offered by banks. The global advent of electronic fund transfer was first marked in the 1950s when there began a major shift in focus of commercial banks to provide services for smaller businesses and individual consumers rather mainly
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What does the International Monetary Fund do? The IMF is the world’s central organization for international monetary cooperation. It is an organization in which almost all countries in the world work together to promote the common good. The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to buy goods and services from each other. This is essential for sustainable
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Employees Provident Funds Act‚ 1952 Introduction As per preface to the Act‚ the EPF Act is enacted to provide for the institution of provident funds‚ pension fund and deposit lined insurance fund for employees in factories and other establishments. The Employees’ Provident Funds and Miscellaneous Provisions Act is a social security legislation to provide for provident fund‚ family pension and insurance to employees. Employee has to pay contribution towards the fund. The employee gets a lump
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Wonderful World of Hedge Funds The world of hedge funds has been feared by many for the strategies that hedge fund managers employ. Every manager has a different strategy. These strategies differ greatly from the strategies of mutual funds‚ which the general public perceives as safer. The opportunity to make large amounts of money is less‚ but mutual funds tend to be a safer place to park your money. Alfred Winslow Jones laid the foundation for modern-day hedge funds‚ while John Meriwether and
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to improve market timing by learning to recognize leading indications of forthcoming changes. The aim of this study is the testing‚ in a Mutual Fund series‚ of the predicting ability of a popular technical exchange tool‚ the Moving Average Rule. A short-term and a long-term moving average are used for the creation of “buy” and “sell” signals of mutual funds. 2891 predictions were made‚ for the same time-series‚ for different values of short-term and long-term moving averages and the profitability
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Employees Provident Fund (EPF) Malaysia: Generic Models for Asset and Liability Management Under Uncertainty A thesis submitted for the degree of Doctor of Philosophy by Siti Aida Sheikh Hussin Department of Mathematical Sciences School of Information Systems‚ Computing & Mathematics Brunel University August 2012 Abstract We describe Employees Provident Funds (EPF) Malaysia. We explain about Defined Contribution and Defined Benefit Pension Funds and examine their similarities
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Allow your savings to earn with Birla Sunlife Mutual Funds’ Active account App Enough of the endless slogging. Don’t sit idle doing nothing. You don’t want to be the rear of all jokes now do you? Apparently not! That’s what Birla Sunlife Mutual funds have to say. With their latest #PaiseKo Jagao movement‚ they intend to revolutionize the way people see banking. We spend hours and hours chained to the desk‚ for what? Your hard earned money sits in that regular savings account incurring an annual
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First Progress Report TITLE:- Risk returns analysis and comparative study of mutual fund. COMPANY OVERVIEW:- HDFC Asset Management Company Limited (AMC) HDFC Asset Management Company Ltd (AMC) was incorporated under the Companies Act‚ 1956‚ on December 10‚ 1999‚ and was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI vide its letter dated July 3‚ 2000. The registered office of the AMC is situated at Ramon House‚ 3rd Floor‚ H.T. Parekh Marg‚ 169‚ Back bay
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strategy used by Barclays capital for its Hedge fund returns and measures used by it to gain the trust of their investors Table of Contents: 1. Aims and objective 2. Introduction 3. Justification of study 4. Literature review 5. Hypothesis 6. Methodology 7. Conclusion 8. Bibliography Aims and objectives: * An analysis of the strategy used by the Barclays bank to get high returns from its hedge funds * A critical review of how they retained
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millions of animals worldwide. Through poaching and obliteration of nature‚ humans have managed to diminish the very place they call home. There are charities such as the World Wide Fund for Nature with the motive to halt and reverse the annihilation of the environment. The international organization World Wide Fund for Nature works on issues regarding conservation‚ research‚ and restoration of the environment. The WWF was formed on April 26‚ 1961‚ when a small group of passionate individuals
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