What is a BAX Contract? A BAX contract is a short-term investment instrument that tracks the nominal value of a Canadian bankers’ acceptance (BA). The specific BA behind the contract has a nominal value of C$1 million and a maturity of three months. They were first launched in 1988 by the Montreal Exchange and has since gained traction…
Even though there are very nice dentists, going to have your gums sanded is generally not a cakewalk. We take a lot of scaling, we want to die when he discovers a cavity and we pray never to come back when he makes us go to the checkout. But if only that was all! No…
What is a Combined Statement? A combined statement includes information on a customer’s various retail banking accounts onto a single periodic statement. Banks and financial institutions offer combined statements for the convenience of the customer and cost efficiency of the bank. Businesses and individuals may request to receive combined statements. Key Takeaways The combined accounting…
We’ve told you a thousand times about the daily struggles when you’re left-handed, but believe me, there are always much worse than us. The life of left-handers, next to that of tall people, is la vida loca. DisneyLand. Paradise on Earth. Do you imagine, you, evolving on a land where absolutely NOTHING is thought for…
What Is Wildcat Banking? Wildcat banking refers to the banking industry in parts of the United States from 1837 to 1865, when banks were established in remote and inaccessible locations. During this period, banks were chartered by state law without any federal oversight. Less stringent regulations on the banking industry at the time led to…
Hi my little Pom’Potes caps, tell me, I was wondering: do you also happen to look in the mirror and wonder if it’s really you who are hiding behind this petrified face? facial expressions that only reflect the emptiness of your soul drowned in the ineptitude of your existence? Well I don’t really have an…
What is a Prepaid Cards Processor? A prepaid cards processor is a company that processes transactions for prepaid payment cards. Prepaid card processors are responsible for processing transactions for prepaid credit or debit cardsgift cards, payroll cardsand other payment cards that are considered secured by the front-loading of money. Key Takeaways A prepaid cards processor…
A World Cup debut match is always a bit special, we are tense, the players too and we send a signal to the other teams. The signal sent is that we are in pretty good shape and that Twitter – just before closing if we believe the rumor – too. 1. The whole stadium was…
What Are Transfer Procedures? Transfer procedures are the means by which the ownership of a stock (or other security) moves from one party to another. This process is effected by a transfer agentwho follows a detailed, documented series of steps governed by the securities and exchange commission (SEC) to ensure that a transaction has been…