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THE
OTHER SIDE
We
All Have to Act on It!
It was like any other late night drive to the workplace.
At least, that was what the 24 year old Prathiba Srikant
Murthy-an employee of Hewlett Packard Global Delivery
Application Services in Bangalore-might have thought
of while leaving the house for work in a replacement
vehicle driven by a new driver at around 2 a.m. on that
fateful night. No one in the BPO industry had ever imagined
that such a fate awaited her. Even Prathiba, for sure,
didnt suspect any foul play when she called her colleague,
Pavan in office to confirm that she is on her way to
log in at the intended time of 3.30 a.m.
©
2006 IUP . All Rights Reserved
SPEECH
Taking
Banking Services to the Common Man: Financial Inclusion
- - V Leeladhar
©
2005 Reserve Bank of India (www.rbi.org.in).Commemorative
Lecture delivered at the Fedbank Hormis Memorial Foundation
at Ernakulam on December 2, 2005.
BOOK
REVIEW
The
Complete Guide to Futures Trading
A smart trader, looking out for alternative markets
to make his bucks, can opt for futures markets. The
authors provide a thorough information in a concise
way with a good explanation`how to trade in futures
market to a reader. The experts predict that the next
`Bull Run would be in commodities. If it were to come
true, one can make a lot of money by trading through
futures instead of holding the underlying commodities.
©
2005 Refco Private Client Group. All Rights Reserved.
IUP holds the copyright for the
review.
COVER
STORY
WTO:
The Hong Kong Episode
- - K Seethapati, Arindam Banerjee
The
citizens of Hong Kong experienced a tough time in the
third week of December. The reason was very obvious.
The country was hosting the sixth WTO Ministerial Conference.
A certain section of the crowd held peaceful demonstrations
even as several thousands of activists and farmers agitated
in close proximity of the World Trade Organization center.
This article discuses the grueling issues that made
headlines during the meet.
©
2006 IUP . All Rights Reserved
TREASURY
Its
Time to Bank on Gold
- - Surjit Mohapatra
Recently,
gold witnessed an all time high in the international
bullion market. The prices soared to two decades high
and reached $512 an ounce. Investment in the yellow
metal is now considered a better bet than equity. Is
the age of gold again round the corner? This article
discuses golds record price-rise in the international
market and the metals feasibility as an investment
opportunity.
©
2006 IUP . All Rights Reserved
TREASURY
Microfinance:
Growth Challenges
- - Kalyan Sandilya J
Microfinance
is not yet at the center stage of the Indian financial
sector. It is now stated that social capital is considered
as a determinant factor for economic growth and development.
With the more advanced technological environment and
surge in economic growth, the next few years would be
promising for the delivery of financial services to
the poor in India.
©
2006 IUP . All Rights Reserved
TREASURY
RFID
Technology and the Payment Process Systems
- - Smitha Ramachandran
The shift in transactions from paper money to plastic
money has revolutionized the banking and payment sector
in recent times. It was only a matter of time before
further evolutions took place to refine and redefine
the payment process. The future of banking technology
lies with the refinement of RFID (Radio Frequency IDentification)
technology and the conversion of normal plastic cards
into smart cards embedded with RFID tags.
©
2006 IUP . All Rights Reserved
TREASURY
FIIs
vs. Sensex: An Emerging Paradigm
- - Saji Kumar
The
Foreign Institutional Investors share in the Indian
capital markets has shown a steady increase from $200
mn in 1991-92 to $8.8 bn in 2004. This has led to the
creation of marked growth in FIIs due to the financial
liberalization policies that were followed by India.
The influence of FIIs movement over Sensex has become
the most apparent part after the general election when
the sudden reversal of FII flows triggered a panic reaction,
resulting in high volatility in the Indian stock market.
©
2006 IUP . All Rights Reserved.
RISK
Insight
to Measuring Credit Risk for Banks
- - Bijan Roy
Measuring and managing credit risk is turning out
to be a very complex issue with each passing day. The
main reason for this is the non-linear pay-off from
newer breed of credit derivatives. The legacy approach
employed in this regard primarily depends on the system
of rating. However, this qualitative approach fails
to address the core problem of default risk management
in any bank. Many have proposed a good number of credit
risk measuring models. This article attempts to review
various cutting edge approaches in assessing the exposure
of a credit portfolio.
©
2006 IUP . All Rights Reserved
RISK
Catastrophe
Revisited: Expect the Unexpected
- - A Srujan
The recent catastrophes such as Hurricane Katrina,
Tsunami etc., indicate the rising number and severity
of catastrophes. Traditional and alternative risk transfer
mechanism have, to some extent, addressed the catastrophe
risk management issues. However, there has been a demand
for more effective and fool-proof tools. This article
makes an attempt to study the existing tools available
for managing catastrophes.
©2006 IUP . All Rights Reserved
FOREX
Continuous
Linked Settlement
- - TR Shastri
The
concepts and consequences of pre-settlement and settlement
risks are well understood in the growing foreign exchange
market. Globally steps have been taken to mitigate these
risks. Settlements systems, which remained almost the
same for the last 300 years have seen changes in the
last decades with CCIL taking the lead role in India
and Continuous Linked Settlement (CLS) for major world
currencies. CLS aims at eliminating settlement risks
in CLS currencies covering more than half of world forex
trade. As per an independent survey, CLS is likely to
have a market share of over 80% in the next few years.
In India, six banks have already become fourth party
members and a large number of others are in the process
of finalizing steps for availing CLS service.
©
2006 IUP . All Rights Reserved
FOREX
Foreign
Currency Convertible Bonds: Lucrative for India Inc.
- - Sanjeev Kumar
The financial engineering process involves creating
new instruments and techniques by unpackaging and rebundling
the same characteristics in a different fashion to suit
the ever changing needs of the issuers and investors.
Foreign Currency Convertible Bonds are one of them,
which provide the character of both debt and equity
and create a win-win situation for both investor and
issuer in current market situation.
©2006 IUP . All Rights Reserved
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February
06
