Commodity Trade Finance: All about The Bank

Commodity trade finance platforms are not something we actively write about, but it is such a key part of world trade that it’s important for readers to understand a bit about how this form of goods flow gets financed.

In a study done by the Bank for International Settlement (“BIS”) examining bank trade finance lending, commodity trade finance is a market dominated by the banks, and at that, very few global banks.

Commodity Trade Finance Characteristics

It is natural for commodity transactions to remain in the bank domain for several reasons.

  • They are big – buying oil shipments or wheat is controlled by big private companies like Cargill, Trafigura, Vitol, etc.  and transaction sizes are in the millions
  • You can manage the collateral – commodities are real collateral that can be valued by market indices. Operation risk can be insured. For example, you can grab collateral if need be. With other goods, say spare parts, or apparel, how would you value?
  • Prices can fluctuate wildly in a short period of time – this market risk can be controlled to some degree through hedging
  • Commodities trade actively

If properly managed, the risk then really comes down to the credit risk of counter-parties, which is something banks generally do well.

Who Funds These Transactions?

The BIS report stated that historically, most of this trade has been dominated by European banks, particularly French and Swiss banks, which reportedly provided up to 80% of the financing for commodities trading worldwide at one point. Many of the largest commodity trading companies are located in Switzerland (egs. Tate and Lyle, Glencore, Cargill International, Vitol Group, Trafigura to name a few).  Commodity trade finance alone in Switzerland is  estimated to be around US$1,7 trillion size market.

But during the Great Recession of 2008, European banks like BNP Paribas and Crédit Agricole had to reduce their exposures in commodity financing as a result of a lack of access to US dollars. However, true to form, as global banks have balance sheet, U.S. and Asian banks as well as banks in the Middle East are now increasing their share of commodity finance. Blockchain based ledgers isn’t a household buzzword, like the cloud or the Internet of Things. It’s not an in-your-face innovation you can see and touch as easily as a smartphone or a package from Amazon. But when it comes to our digital lives—every digital transaction; exchange of value, goods and services; or private data —blockchain is the answer to a question we’ve been asking since the dawn of the internet age: How can we collectively trust what happens online?

Every year we run more of our lives—more core functions of our governments, economies, and societies—on the internet. We do our banking online. We shop online. We log into apps and services that make up our digital selves and send information back and forth. Think of blockchain as a historical fabric underneath recording everything that happens exactly as it occurs. Then the chain stitches that data into encrypted blocks that can never be modified and scatters the pieces across a worldwide network of distributed computers or “nodes.”

Bridging Finance – Use with Great Responsibility

In the world where banks and other financial institutions are being reluctant in extending loans because of the economic crisis in the market, where does one should go? Perhaps you could be one of the many who wants to acquire a new property for personal or commercial purposes. This might be a little hard on your part, especially if you don’t have the budget and other debts in the past makes the realization of your dreams a little difficult. But bridging finance, London is here to help you.

Bridging finance comes in different forms and sizes. This can be a one-man group or may be a professional unit supervised by some regulating bodies. It is recommended that before choosing the bridging lenders, one should go to an authorized or licensed broker under any of the regulating bodies to support which bridge is suitable for you in a particular situation .

Bridging finance London or even in different places in the world offering it will always have this loan backed-up or secured by personal property. This is because the risks involved in it are greater than a standard loan. The interest rate is also high to match the amount of risk. People who are buy ing their property at an auction which requires immediate funds often use bridging finance. The quick transaction makes it attractive in the eye of these clients.

Banks and other financial institutions are way more conservative than these bridge lenders. They are under different policies and procedures that should be strictly implemented. Cases of a financial crisis in a country make it even more difficult to avail housing or business loans from these establishments. Countries like London that have experienced the financial crisis in the past because of the “BREXIT” have its people significantly affected by it especially in the industry of real estate property. This is when this bridging finance London has their edge over any other banks.

Behind all of the advantages, one can get from bridging finance; the regulating bodies should be strict with their functions and responsibilities. They should see to it that people behind these lending businesses and companies should not abuse their clients. Their prima ry functions should be to help them acquire a new property and moved on with the old or existing one. In other words, personal interest should not reign by letting these customers be over-indebted to the point that they have to lose all their properties jus t to come out with.

Bridging finance is an excellent business, and it is actually helpful if everyone will do their part. The client before making a decision that he wants to avail this loan should think a couple of times if he needs it. Priorities s hould be set and should be separated from needs. One can be saved from different problems and pain in the head if he has been a responsible client right from the start. Financial literacy is also critical as everyone of us should know our righ ts as commercial consumers.


The New Era of Accounting; Online Accountancy

Technology nowadays is becoming more and more useful to the business industry as the years go by. Many businessmen are now experiencing the advantages and pleasure of what modern technology is made of. There are various machines all over the world that helps human make their jobs easier and much accurate than the usual.  Big businesses today already proved this new technology’s use and how it made them undeniably successful in the industry, actually no business standing today that doesn’t use every help that modern technology has to offer. Yes, this is now the era where people like you are no longer have to suffer and think hard about how your business can improve without spending too much investment. This is now the era where you can sit and relax while the technology will do everything for you, from bookkeeping, accounting, tax returns, and many more; less hassle, less worries, less investments but more and more profits! This is now the new era of accounting; the online accountancy.

Online Accountancy is the new accounting that modern technology has to offer. It helps many businesses, especially those small ones to reach their dream success with the online features it has in doing accounting. It is a software designed for computing, bookkeeping, quotation and all the tasks of the usual accountant; Not only that, it is online and the software will do it all for you. In a business, it’s more practical to use this software since this has much lower investment; you can either do it on your own or hire an accountant, but small businesses; those who are just starting out, often can’t afford to hire an accountant to do the accountancy in their company, thus, this online accounting is the best answer. The procedure of online accountancy is quite simple, you input the data or your data encoder will input the data and that data will be sent online and be processed there, then it will be sent again to you, finished and ready for your use, very convenient right? Not only small businesses are using this software nowadays, even big businesses continue to take advantage in this new era of accounting since there are lots of benefits in using it whether you’re a small business owner or huge business owner. These are some;

  1. Accuracy- Of course, the software will do it all for you and it will keep you from making a lot of mistakes in calculation, which is very important in all of businesses.
  2. Productivity- the automated design of the software will reduce your employees’ workload and thus, make them even more productive
  3. Cost-efficient- As said earlier, some companies can’t afford to hire accountants, in this new online accounting, you only have to pay for the software and train your workers on how to use it.
  4. Security- if you’re worrying about this, then don’t panic. Software companies prioritize the security of all the software they make. You can rest assured your data is more secure.

These are only a few of the advantages when using online accounting, you can expect for more of it when you try it. If you are a business owner and accounting is your problem, why not try online accountancy now and experience convenience and pleasure that this modern technology has to offer!

4 Hacks to Become the Top Sales Agent and Drive Your Own Car

Are you dreaming to become the next top sales agent on your department? Or driving your own car on the road while closing deals? However you think that you cannot nail it because of the negativities in your head? Or having hard time to deal with commuting as you meet the clients? Kick these hindrances away and be the best sales employee in your company! Hence, you need a great push to become the top sales agent and drive your own car out of the garage. How you will do these requires great effort and perseverance to take the lead. Here are hacks how to become the top sales agent and drive your own car while closing every accounts.

Focus on one way. Like driving a car, if you are aiming to get on that certain destination, you have to focus on the one road. Achieving what you want entails great effort for you to succeed. Thus, to become a top sales agent and get those ultimate benefits you want to have requires you to do your best and focus on a lead. By focusing on your goal, you will not only become the best employee but you will also gain great appreciation and nail the company’s competitive benefits for the top performing employees. These benefits include bigger salary, incentives and providing you with car. On the other hand, with bigger salary you can save much money and buy things on the bucket list and even owning you a car. Start it with researching car discounts in the UK to view the list of competitive cars you can avail.

Be inspired with your dream car. To be more active with your goal and strive hard, you need to keep up with the thought of driving your car on the road. Be inspired with it and nail the top sales on the quarter quota. The power of inspiration will lead you to this road and become the best employee in your company. It will give you that push to move forward, be attentive with your clients’ needs and become efficient on giving them the best deal for your sales. Hence, this will make your employer consider that PCP deal on new cars to reward you for the job well done.

Research on great clients. Be resourceful and have an extra mile on researching for big clients. Remember, to become noticeable with your job, you have to close big accounts that will lead your employer to provide you better means of transportation. With this, you will nail the quarter quota and become the top sales agent in your company.

Take deals as challenges. Quitters don’t win and winners don’t quit. Take every deal as great opportunities for you to become an excellent sales agent. The road through this is never easy as you need to give constant effort with kept-up results. By making every deal as challenge you will surely hit the goal and become the top sales agent before the quarter ends. Hence, it will lead you to get a competitive salary, great incentives and drive your own car as you take more clients in your company.

Nailing the top list on sales isn’t easy. But with great perseverance, taking extra mile of effort and believing yourself, you will surely have the top spot. Focusing on your goal will make it easier for you to deal with the bumpy road of closing accounts. By becoming inspired with your goal will give you that push to become excellent with your job. On the other hand, giving more effort in researching big clients will give you greater opportunities as to close valuable accounts. And by taking every deals challenging, you will more likely convert it to opportunities of nailing the top of the list and become the best sales agent in your company. Having your way there will open your door to competitive salary, great incentives and driving your own car.


3 Ways to Enjoy the Family Travel and Summer Getaway

How you make the weekend worth the time spent with your family depends on your plan. If you and your wife are thinking about an out of town trip, then that will be a good idea for you to have your family gathered together and enjoy each other’s company. Before proceeding with this plan, the pending purchasing of van should be considered first. It is the best time for you to make it happen so you have something to use on the travel. Hence, here are 3 ways for you to enjoy the family travel and getaway on the weekend.

Research appropriate vehicles. Traveling with family needs a bigger vehicle to accommodate the bulky stuffs of each member and of course the prepared food and necessary things like mats, tents, pillows, etc. To have all of these fit including the members, you need to go on researching how big it should be and what are the specifications you’d like to have in a van. Such details is not limited to number of seaters, type of engine, manually or automatically operated, fueled or electrically charged, and maximum load it can carry. These things are essential for you to sort out the deals on van that best suit your out of town getaway needs.

A reliable company to deal. After researching for your van specification, it is now time for you to look for a reliable car dealing company where you can buy it. However, if you don’t have ample time to go visit car dealers in town, then consider online car dealing companies. This might give you second thought as you have lesser confidence on dealing the transaction over the phone but with a good research on the most reliable car dealing companies, the you will surely have the best deal with them. Meanwhile, next step should be calling them and tell them your preferred unit and have them give you options on what they have that best suit your needs. Hence, you can also check the brand new vans for sale they have for you to have other options if those units they suggested you did not meet your requirements.

Drive your way. Purchase the best van deal for you and get your family packed inside the van with all of the needed stuffs. Drive your way as you feel good with the unit you purchased online. Hence, when going for an out of town trip make sure you are perfectly fit to drive for few hours on your way to your destination. By doing this you will have the travel enjoyable and safe.

Before purchasing a van to fit in your family’s needs you should have to know what type of van you want. By acknowledging your requirements it will be easier for you to look for that particular van over the car dealing shop. Visiting car dealers will take a lot of your time, thus an online car dealing company will be a good option considering your time and availability. Before calling one, make sure you’ve gone on a thorough research about the company’s services and commission. By doing this you will less like to waste time talking with the wrong sales staff. Enjoy your family’s out of town bondings by making the travel lively and safe.


How To Choose The Best Recruitment Agency

Recruitment agencies differ from one another. There are recruitment agencies who master a specific job in processing applicants for your company yet do not perform well in other jobs. It is hard to choose a recruitment agency that will perfectly fit for your company standards and will suffice your recruitment needs. That is why, when choosing for the best recruitment agency, there are some points that must be consider so that you will get the perfect recruitment agency for the job. Here we listed three points that may help you in choosing for your potential company partner in recruitment.

  1. Learn and understand what is the basic need of your company

In order to get the best recruitment agency for your company, it is important that you know what does your company needs for a recruitment agency and what are the specific traits they are looking for. If a company knows exactly what they are searching for in a recruitment partner, then it is easy for them to assess if the recruitment agency has the strength that the company is looking for. Also, the company can know what are the things and perks that their potential recruitment partner can do as they have their collaboration.

  1. Investigate the strengths and weaknesses that the recruitment agency possess

Before you close a deal with your potential recruitment partner, it is best that you must do your part first in investigating the strengths and weaknesses of the recruitment agency you wish to hire. The company must know what are the things that the recruitment agency can do best, and what are the things that the recruitment agency can do in an unsatisfying manner. To make sure that you are dealing with the recruitment agency who will perfectly fit for your company needs, then the process of investigating will definitely help you in selecting the best one out there.

  1. Look for a recruitment agency that will be an asset to your company instead of being a liability

When company search for their potential recruitment partner, it is important that they will also consider if the recruitment agency that they will hire will be an asset or liability in their company. There are known recruitment agencies that are good in recruitment performance however are too expensive for small companies to be partnered with. So make sure that when you look for a recruitment agency, the budget will also matter so that the recruitment process will not be a liability for your company and will be an asset instead.

Bottom line, when choosing the best recruitment agency, you must remember the three key points listed above which are, learning and understanding your company needs when it comes to recruitment, investigate the strengths and weaknesses of your potential recruitment partner, and lastly, make sure that the recruitment agency that you will get will be an asset for your company instead of being another liability. If you wish to check for a trusted recruitment agency that may help you in your company needs and may possess the quality that you are looking for, you can check some Bedford recruitment.

Have an Instant and Most Accurate Accountants York with these Newly Developed Cloud Accountants

Technology nowadays is becoming more and more convenient as it answer for human’s everyday needs. There are various machines to help human make their work or job easier. Though not all countries around the world are enjoying this convenience given by modern technology, no one can deny the fact that technology helps us do better and sometimes even small businesses reach their dream of success. There is no businesses alive today that doesn’t have a single technology in their field. As the demand increases, technology itself continues to evolve and answer every human need. There are numerous technologies now that even replaces the power of humans. If you ever lack something like the intelligence of an accountant, but you can’t afford to hire one, especially if you’re just starting your business, then technology has developed an alternative with a very affordable pricetag; the cloud accountant—instant and most reliable accountants York.

York is a city in England famous for its medieval ruins and churches. Not only that; of course there are also lots of businesses and establishments as well. For those who are really in need of the intelligence of accountants, they are all around. If you are one of the businessmen in York, then you understand that having an accountant would definitely help you boost your business progress and employees productivity. But then, hiring an accountant can be pretty expensive as they are in demand for most businesses. So for the sake of not spending too much investment in hiring an accountant, technology has now developed Cloud Accountant.

Cloud Accountant is software designed to do all an accountants’ tasks. This includes bookkeeping, calculations, quotations and many more. It is designed for business that don’t have enough budgets to hire an actual accountant, especially if the business is just starting out. Having an accountant is very essential to one’s company’s success. It is now the best Accountants York. Most businessmen there are already using this software and continue to benefit in its convenience and features. As an owner of a small business, you know that having an accountant in your office will reduce your employees’ works and of course will increase their productivity which is vital to your company’s success. While accountants can be hired at a very expensive salary rate, having Cloud Accountants will only cost you a little; you will only have to pay for the software. But it functions the same as accountants or even better. The procedure will only consume a small amount of time; you just have to input the data  in the software or have your data encoder input them, then send id online where it will be processed and then will be back to you immediately, finished and ready to be use for your company’s success.

Having a Cloud Accountant in your office will definitely boost your company’s progress. You will be able to help your employees lessen their works and of course, increase their productivity; which is very important. If you’re running a small business and you needed an accountant, try this newly developed software. It is instant and most reliable at a very affordable and effective cost.