• Electronic Fund Transfer (EFT)

    Posted on July 29, 2016 by Admin in Banking.

    Electronic Fund Transfer (EFT) is a money transfer mechanism from one bank or institution to another, through electronic means. EFT offers the flexibility of transferring money using internet services from any location in the world and once the funds are transferred, the amount is deducted from one account and credited to the other. In USA, […]

    Post Tagged with ,
    Comments Off
    Continue Reading...
  • SWIFT

    Posted on July 28, 2016 by Admin in Banking.

    The SWIFT (Society for Worldwide Interbank Financial Telecommunications) is a global messaging network that financial institutions or banks use to securely communicate within themselves through a standardized system of codes. SWIFT assigns each financial institution a unique code that has either 8 characters or 11 characters. The code is also called the bank identifier code […]

    Post Tagged with ,
    Comments Off
    Continue Reading...
  • National Electronic Fund Transfer (NEFT)

    Posted on July 28, 2016 by Admin in Banking.

    National Electronic Funds Transfer (NEFT) is an electronic funds transfer process used within India which is used by the banks to transfer money from one bank to the other bank. With this any account holder be it individuals or corporates can transfer funds from any bank to any other bank, provided both the banks are […]

    Post Tagged with ,
    Comments Off
    Continue Reading...
  • Participatory Notes (P-Notes)

    Posted on March 2, 2016 by Admin in Capital Market.

    Participatory Notes, also known as P-Notes, are used by foreign investors who don’t want to register themselves with Indian Capital market regulator SEBI directly but still wish to invest in Indian stock market. The brokers buy India-based shares or bonds and then issue corresponding participatory notes to investors in return. Usage of P-Notes is restricted […]

    Post Tagged with ,
    Comments Off
    Continue Reading...
  • Clearinghouse or CCP

    Posted on March 2, 2016 by Admin in Capital Market, Derivatives.

    Clearing house plays an important role for clearing of derivatives trades to reduce credits risks involved in the trade. Clearing house provides clearing and settlement services for mainly derivatives and securities transactions. Clearing house helps to clear a trade for two clearing participants in order to reduce risk, especially Credit risk. Clearing house reduces risk […]

    Post Tagged with
    Comments Off
    Continue Reading...
  • Repurchase Agreements – Repo

    Posted on February 28, 2016 by Admin in Banking, Finance Article.

    Repurchase agreement also known as Repo in financial industry is an agreement between the repo seller to take a loan on the collateral security and to buy-back the collateral after a pre-specified duration or at a pre-specified date. In this agreement, the holder of the security (mainly government security, treasury bills, stocks, bonds, loans etc) […]

    Post Tagged with ,
    Comments Off
    Continue Reading...
  • Reverse Mortgage

    Posted on February 28, 2016 by Admin in Banking.

    A reverse mortgage is a special type of insured loan that allows the elderly (more than 62 years age) to borrow against the equity in their home. It helps them to withdraw tax free cash from their homes, while retaining the right to live there till they want, without any monthly interest or principal payments. […]

    Post Tagged with , ,
    Comments Off
    Continue Reading...
  • Consumer Price Index – CPI

    Posted on February 23, 2016 by Admin in Economics.

    Consumer Price Index or CPI is a measure of average change of prices of the various essential consumer goods and services purchased by households over a period of time. It is calculated by periodically collecting the prices of sample items from sample locations. It plays an important role in all the financial decisions of banks […]

    Post Tagged with
    Comments Off
    Continue Reading...
  • Cash Reserve Requirement (CRR)

    Posted on February 23, 2016 by admin in Banking.

    Cash Reserve Requirement or Cash Reserve Ration (CRR) mandates the banks to hold a certain percentage of the deposit in the form of cash or cash equivalents. Banks can lend the rest of the money to the lenders after maintaining the reserve ratio or requirement. Banks do not normally keep the reserved cash with them; […]

    Post Tagged with ,
    No Comments.
    Continue Reading...
  • ARM – Adjustable Rate Mortgage

    Posted on February 14, 2016 by Admin in Banking.

    An ARM (Adjustable Rate Mortgage) is a particular type of mortgage scheme in which the interest rates are flexible or adjustable or variable in nature. It means that the interest rates change based on any particular index (example LIBOR) and it is more or less adjusted in a way to always benefit the lender irrespective […]

    Post Tagged with
    Comments Off
    Continue Reading...
  • RuPay- Indian own card payment network

    Posted on February 14, 2016 by Admin in Banking.

    RuPay is a domestic plastic card scheme launched by the National Payments Corporation of India (NPCI) for using within India. This scheme was launched with the aim to fulfill the Reserve Bank of India’s desire to have India’s own domestic and multilateral payments payment system just like VISA or Mastercard. RuPay facilitates electronic payment at all Indian banks, ATMs and financial […]

    Post Tagged with
    Comments Off
    Continue Reading...
  • Dodd-Frank Financial Regulatory Reform Bill

    Posted on January 25, 2016 by Admin in Capital Market, Derivatives.

    After the 2008 subprime crisis and near-collapse of the U.S. economy due to improper use of complex derivatives and subprime loans in the housing market, US Congress has passed the Dodd-Frank Financial Regulatory Reform Bill on 30th June 2010 which was named after Senator Christopher J. Dodd and U.S. Representative Barney Frank. The Senate approved […]

    Post Tagged with ,
    Comments Off
    Continue Reading...
  • Currency Pegging

    Posted on January 23, 2016 by Admin in Economics, Finance Article.

    Foreign Exchange rate is the price/value of a foreign currency expressed in another base currency. Exchange rates may either be fixed or flexible depending on the strategy taken by the respective governments. An exchange rate is flexible or free to move when two countries agree to let the external and other market forces establish the rate […]

    Comments Off
    Continue Reading...
  • Index Funds

    Posted on January 23, 2016 by Admin in Capital Market, Different Types of Funds.

    It is a type of fund that is designed to replicate the benchmark indexes which are S&P, DowJones, Sensex, Nifty etc. Most popular index fund is Standard & Poor 500 index which tracks 500 US listed companies from various industries. It can be done by selecting the same member securities which constitute the benchmark index […]

    Post Tagged with
    Comments Off
    Continue Reading...
  • Unified Managed Accounts

    Posted on January 20, 2016 by Admin in Banking.

    Unified Managed Accounts came from Multiple Strategy Accounts terms which came from the term Separately Managed Accounts. To be precise, “Unified Managed Accounts” can have one account, multiple products with multiple strategies while “Separately Managed Accounts” can have one account, one product and one strategy and “Multiple Strategy Accounts” can have one account, one product […]

    Post Tagged with ,
    Comments Off
    Continue Reading...