School of Accountancy ACY 3151 D– Company Law Preserve The Common Law Derivative Action in Hong Kong Presented to Professor C.K. LOW Submitted by Tony BAI Dongyi; Ashley CHEN Xi; Ri REN Xinyu; Zoe ZHOU Beinan 30 April 2010 Abstract This paper is a response to the First Phase Companies Ordinance Rewrite Consultation Paper Question 7 whether we should abolish the common law derivative action (the CDA) currently retained by sec. 168BC (4) in the amended Companies Ordinance (2004). This paper firstly
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“Plain the role and importance of the different types of Margins imposed by the NSE in Derivatives Trading” The Trading of currency futures is subject to maintaining initial‚ extreme loss‚ and calendar spread margins and the clearing corporations of the exchanges (In the case of NSE it is NSCCL) should ensure maintenance of such margins by the participants based on the guidelines issued by SEBI from time to time. The clearing corporation acts as counterparty to all contracts traded on the
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INTRODUCTION & RESEARCH METHODOLOGY Introduction:- commodity market Commodities futures trading have evolved from the need for ensuring continuous supply of seasonal agricultural crops in Japan‚ merchants stored rice in warehouses for future use. In order to raise cash‚ warehouse holders sold receipts against the stored rice. These were known as “rice tickets” Eventually such rice tickets became accepted as a kind of general commercial currency. Rules came into being‚ to standardize the trading
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Commodity Futures: More Bad than Good A CASE OF PAKISTAN By: Muhammad Sumair Jawed Abstract This article sheds light on the potential of commodity derivatives in Pakistan. It explores the critical success factors and it’s negative consequences given the overall Pakistani Environment. Today everyone is talking about derivative instruments as not only a source of hedging but also a profit making instrument and in derivatives the most frequently used instruments around the world are futures‚ may
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IMPACT OF DERIVATIVES ON STOCK MARKET VOLATILITY: A STUDY OF THE NIFTY INDEX T. Mallikarjunappa1* and Afsal E. M.2 Department of Business Administration‚ Mangalore University‚ Mangalagangotri – 574199‚ Mangalore‚ DK‚ Karnataka‚ India 2 School of Management and Business Studies‚ Mahatma Gandhi University‚ P.D. Hills‚ Kottayam – 686560‚ Kerala State‚ India *Corresponding author: tmmallik@yahoo.com 1 ABSTRACT This paper studies the volatility implications of the introduction of derivatives on stock
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Financial Instruments Professor Lasse H. Pedersen Prof. Lasse H. Pedersen 1 Overview Real and financial assets Use of financial assets Important examples of financial assets Prof. Lasse H. Pedersen 2 Real Versus Financial Assets Real Assets – Assets used to produce goods and services – Examples: factories‚ land‚ human capital‚ etc. Financial Assets – Claims on real assets such as stocks bonds – Derivatives Prof. Lasse H. Pedersen Use of Financial Instruments Allocation
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Why do companies need a strategy? Strategy is very important for a business. Without a strategy an existing business can drift away from its customers and become uncompetitive with its environment and eventually the business will stop making profit. This is known as strategic drift. In other words‚ having a strategy is a way to remain competitive or it is a way of forcing a strategic change when an organisation has drifted away from its environment and is staring to fail. Lately‚ these strategic
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A Comparison between Medieval Instruments and Present Day Instruments A Comparison between Medieval Instruments and Present Day Instruments The medieval time period is known as an era where every subject about social life exploded. It is known the era where the government‚ society‚ and religion made enormous advances. Music‚ art‚ and literature were also prevalent but one area that had the most impact on the medieval society was the use of musical instruments. They were used in
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3.7 Research Instrument and Construct Instruments 3.7.1 Questionnaire Research point out that if the researcher is using the postal survey to do research‚ so the convenient option will be a questionnaire. If the sample is huge and widely dispersed‚ it is better to use questionnaire because it is cheaper and faster compares to personal interviewing. Generally‚ postal surveys inclined to have lower response rate compare to telephone interviews or face-to-face. But if the questionnaire with a covering
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Question 6: Violins are very delicate instruments and must be handled very carefully. Something as small as a speed bump could cause the fingerboard‚ bow or soundbox to crack. Big changes in air pressure or weather condition could also warp the wood. Therefore‚ no matter how the instrument is being transported‚ there are steps that should be taken to avoid any mishaps. First‚ the strings should be loosened slightly‚ but not too much because colder weather will cause the strings to tighten while
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