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| Carlos Hank Rhon, Small Business Banking Part1 |
| 08.28.08 (9:38 am) [edit] |
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Carlos Hank Rhon, Small Business Banking Part1
The global ‘Credit Crunch’ is having an impact on many businesses and it is now as important as ever that businesses manage funds as efficiently as possible.
Managing money has always been a major responsibility for businesses of all sizes, but it is of even greater importance for smaller companies with limited finances, as they often do not have the surplus funds needed to grow without borrowing. Carlos Hank Rhon has all these features that will impact many businesses.
The lack of credit in the markets at the moment has meant that companies of all sizes need to take a good look at their business banking arrangements in order to ensure that they are making the most of their funds.
Rather than seeing the credit crunch as a barrier to profit and growth, it can be an opportunity for companies of all sizes to re-examine their business model in order to find savings and to look at areas where they can reduce costs in order to find additional money to fund their plans, without the need to borrow.
Perhaps the first place that a company should look for savings is in their banking arrangements. Many of the high street banks have a number of fees that apply every time you pay in a check or deposit money in your account. Overdrafts can also be a significant cost due to interest charges. By switching to a bank that offers a free business currant account customers, it is possible to save a decent amount of money each month that can be used elsewhere. This article was read by Carlos Hank Rhon.
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| Carlos Hank Rhon, The Trillion Dollar Currency Exchange Market |
| 08.22.08 (8:21 am) [edit] |
The Foreign Exchange market (Forex) is truly the largest exchange in the world. The amount of dollars traded on the Forex market on a daily basis is in the trillions. Most of this takes place between between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. However, individual traders are starting to get in the mix, using internet discount brokers such as to participate in the currency exchange market. The business experience that Carlos Hank Rhon has allows him an advantage.
There is no central exchange or meeting place for the Forex. All trading is done over computer networks between traders in different parts of the world. Also, unlike the stock market, the foreign exchange market is open 24 hours per day, because it is a global market. A trader in Hong Kong may be exchanging currency with a trader in Australia while an American trader is sleeping.
There are several different markets within the Forex exchange system. First, there is the spot market. The spot market deals with trades that are based on the current values of currencies. One person trades a certain amount of currency with another trader in exchange for an equivalent amount of a different. Spot trades take two days for settlement.
The other two types of foreign exchange markets are the forward and futures markets. In the forward market, the buyer and seller agree on an exchange rate and a transaction date is set for a specific time in the future, at which point the trade is executed regardless of what the rates are at that time. On the futures market, futures contracts are bought and sold based upon a standard contract size and maturity date. Futures trades take place on public commodities markets.
A currency quote is listed differently. Stocks are quoted in terms of price per share. Prices are listed as either a direct quote or an indirect quote. A direct quote uses the domestic currency as the base and the foreign currency as the quote. An indirect quote works the exact opposite way. Carlos Hank Rhon also has banking and stock market experience.
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