credit for Imports into India 3. Trust Receipt Financing 4. Simple Overdraft Facility 5. Issuance of some of the guarantees to facilitate imports related activities Exports: 1. Pre-shipment Credit in Indian Rupees 2. Pre-shipment Credit in Foreign Currency 3. Post-shipment Credit in Indian Rupees 4. Post-shipment Credit in Foreign Currency 5. Forfaiting of Export Receivables 6. Factoring of Export Receivables 7. Simple Overdraft Facility 8. Issuance of some of the
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ROUTES: 1. Own finance – one can choose to start his own business by using his own financial resources. This may be from savings accounts or other investments that he has. Typically‚ it is not advised that one should fund his start-up from personal overdrafts‚ loans or credit cards as these are not necessarily tailored to your business needs or requirements. 2. Family and friends - You may have family and friends who wish to invest in your business. This is often convenient and may allow you to get
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characteristics affecting the payday lending industry? The industry for short-term cash loans (payday loans) grew in the early 1990’s because of the shift in financial services marketplace. The cost structure of the market rose due to bounced checks‚ overdraft protection fees‚ and late bill payments penalties. Second the trend of regulation of payday advance service that allowed protection for consumers. To avoid such cost‚ payday loans were the solution for consumers. It is estimated that there
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What is a current account? Current Account is primarily meant for businessmen‚ firms‚ companies‚ and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account‚ a customer can deposit any amount of money any number of times. He can also withdraw any amount
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ac Introduction SSP plc is engaged in food processing‚ supplying all the main supermarket chains with first class processed meat products. The last few years have been difficult for the food manufacturing industry because of food scares surrounding BSE and Foot and Mouth disease‚ both of which have led to an increase meat production around the world. As a responsible company‚ SSP have taken steps to ensure the health and safety of all there meats in the production chain. This report will analyze
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ROLE OF FINANCIAL MANAGEMENT - Financial management is one of the functions of management - Financial management is concerned with o Profits and losses of operations o Control over funds o Ensuring appropriate cash flow is available o Chas management o Raising funds / controlling internal funds o Investment of funds o Cost control / pricing o Forecasting / measuring financial performance against expectations - Accounting is a subset of financial management. Financial transactions must be recorded
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business for short terms which is usually a period of one year. There are some sources of short term finance which are as following:- Overdraft Overdraft bank basically means a facility that the bank provides to its customers where the customer is given permission to draw money from the banks in surplus of their balance in their heir bank accounts. When taking overdraft from the bank‚ the account must be zero to get extras extension of money and the interest rate will be very high and we have to
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November 27‚ 2012 SURVEY TO SOURCES OF FINANCE AVAILABLE TO A BUSINESS INTRODUCTION Financing is the basic element to start a business and without financing or funding a brilliant or workable profit idea or scheme is just a waste of time. To convert a business plan into a workable business it is essential that reasonable sources of funds are available for the following. * Startup Cost * Raw Material and Working Capital * Production / Service process * Marketing / Sales Raising
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Accounting & Finance Research Why a business needs finance: Finance: the management of large amounts of money‚ especially by governments or large companies. can be a real benefit when it comes to business success as well. your own personal finance helps you to understand how to manage not only business finances‚ but set goals and create fundamentals skills in planning and decision-making Internal sources: Internal financing is the name for a firm using its profits as a source of capital for new investment
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SHARE CAPITAL Share capital is the Funds raised by issuing shares in return for cash or other considerations. The amount of share capital a company has can change over time because each time a business sells new shares to the public in exchange for cash‚ the amount of share capital will increase. Share capital can be composed of both common and preferred shares. Each share carrying a vote in the management of the business‚ managerial control may be limited. The authorized capital of a company is
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