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Trade Finance Payment Tool-OPEN Account In trade finance,there are a few major payment used of which one is called Open account. Basically,when settlement takes place on open account,it means that the exporter will ship his products to the importer before any payment has been received. The exporter then presents the required [...] Both asset based finance and cash flow finance are important sources of funding for a business for its short term(working capital) and long term(capital assets) sustainability. Asset-based finance is a source of funding that is secured by a company’s assets. This article looks at what is asset based finance and see the difference between the [...] In line with Malaysia’s aspiration to internationalize Bursa Malaysia as the Islamic investment centre,recently there is this foreign listing of US$500 million (RM1.7 billion) sukuk issued by GE Capital. Details: The five-year Islamic bond is structured based on the globally accepted Syariah principle of Sukuk Al Ijara. First foreign sukuk listing on Bursa Malaysia [...] Further to earlier article on the OPR’s outlook/forecast by the economists from various banks,at the Monetary Policy Committee meeting held on 26 August 2009,Bank Negara Malaysia decided to leave the Overnight Policy Rate unchanged at 2.00 percent. Full Text(Source:Reuters): Since the MPC in July,more signs have emerged to suggest that global economic [...] Bank Negara’s monetary policy committee holds its sixth meeting of the year today(25 August 2009). There are another two more Meetings until the end of the year. The following 21 economists surveyed in a Business Times poll: Action Economics,Affin Investment Bank,AmResearch,Bank Islam,CIMB Investment Bank,Citi,Credit Suisse,DBS Bank,HSBC Bank,Inter-Pacific [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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