So that’s it, you watched the series Wednesday on Netflix? Frankly, it looks good: we torch the series in one evening and we guess a little what will happen in advance but we get attached to the characters and each episode that ends, we want to see the rest . Depending on your personality, you…
What Is the Bank Bill Swap Bid Rate (BBSY)? The Bank Bill Swap Bid Rate (BBSY) is an Australian benchmark interest rate quoted and dispersed by the data provider Thompson Reuters Information Service. The BBSY is typically used by financial institutions or corporations engaging in interest rate swaps and related transactions. Key Takeaways BBSY, or…
What Is Delivered-at-Place (DAP)? Delivered-at-place (DAP) is an international trade term used to describe a deal in which a seller agrees to pay all costs and suffer any potential losses of moving goods sold to a specific location. In DAP agreements, the buyer is responsible for paying import duties and any applicable taxes, including clearance and local taxes, once…
What Is Electronic Check Presentment (ECP)? Electronic check presentment (ECP) is a process that allows financial institutions to exchange digital images of checks instead of paper to increase the speed of the check-cashing process. The signing of the Check Clearing for the 21st Century Act (Check 21) by President Bush on October 28, 2003, permitted…
In the development of the internet, one can point to landmark events that can be used to divide the process into stages. Among these important landmarks are the creation of the first wide-area computer networks in the 1960s, the development of an electronic mail system in the 1970s, the creation of ethernet later in that decade, the…
A leveraged buyout (LBO) is a type of acquisition in the business world whereby the vast majority of the cost of buying a company is financed by borrowed funds. LBOs are often executed by private equity firms who attempt to raise as much funding as possible using various types of debt to get the transaction completed….
Investors across the globe are increasingly worried about the state of China’s economy–the world’s second-largest economy after the United States–which has been severely impacted by rising credit levels, a slowdown in its gross domestic product (GDP), and the ongoing trade war with the U.S. Very few economies have grown at the rate of China’s; according…
Hello nostalgics! Want to remember the good old days? So let’s talk about all those biscuits that we ate at snack time and that we can no longer find on the shelves today. Like really more. Even asking the gentleman in the department: “ARE YOU SURE YOU DON’T MAKE MY CHOCOCROKS ANYMORE?? » Be careful,…
What Is a Brokered Deposit? A brokered deposit is a deposit made to a bank by a third-party deposit broker. A brokered deposit is a type of investment that attracts individual investors because the deposits typically offer higher interest rates. The brokered deposits are usually large-denomination and are often sold by a bank to a…