Banking Terms Based on the word / phrase from letter E (Part IV / End) :
Eurosystem.
Which consists of the European Central Bank (ECB) and national central banks of Member States whose currency is the Euro, is the monetary authorities of the Euro area. The main objective of the Eurosystem is to maintain price stability with the goods (common goods). Eurosystem acts as a leading financial authority (leading financial authority) which aims to secure financial stability and develop the European financial integration.
Strategic objectives of the Eurosystem:
1. Recognition as a monetary authority and financial matters.
Built on a solid constitution, independence and strong internal cohesion, the Eurosystem, the central banking system of the euro area, will act as the monetary authority of the Euro area and as a leading financial authority, which was recorded and recognized both inside and outside Europe. In achieving its main objectives, namely to maintain price stability, Eurosystem will conduct economic analysis and monetary policies and implementing appropriate policies. Will effectively respond to monetary and financial developments.
2. Financial stability and financial integration of Europe.
Eurosystem aims to secure financial stability and enhance European financial integration in cooperation with the existing institutional structure. In the end Eurosystem will contribute towards the provision of an architectural policy and European and global financial stability.
3. Accountability, credibility, trust, closeness to the population of Europe.
Eurosystem fully bound by the importance of credibility (credibility), faith (trust), transparency, and accountability (accountability). Aims for effective communication with the European population and the media. Committed to conduct relations with European and national authorities in full accordance with the Treaty provisions and to respect the principles of freedom. For this purpose the Eurosystem will keep abreast of changes in financial markets and financial markets (money and financial markets) and will be sensitive to public interests and the interests of the market.
4. Shared identity, clarity of roles and responsibilities as well as 'good governance'
Eurosystem aims to strengthen a common identity within a framework that defines roles and responsibilities of the participants clearly. For this purpose the Eurosystem will be built based on the potential and deep involvement of all members as a commitment and willingness to work in accordance with the agreement. Further Eurosystem committed to 'good governance' and the implementation of the organizational structure and working methods of effective and efficient. (2). (Source: EU Website)
Exchange rate risk.
Is the possibility of exchange rate fluctuations that cause harm to the asset or liability that the nomination by the foreign exchange. (9). (Source: Bank Indonesia).
Ex - Dividend.
Monday, September 5, 2011
Banking Terms Based on the word / phrase from letter E (Part III / IV)
Banking Terms Based on the word / phrase from letter E (Part III / IV) :
Endorsement (Endorsement).
Is an institution in the draft law, by which the rights of holders of notes receivable may diperalihkan to the next holder in a simple way is to sign the draft letter by the holder at the back of the draft letter. Endorsement comes from the French "endossement", English "endorsement", which means a written statement behind the securities. Endos words (French) means the rear. The statement was meant to move the bill right. Habits prevailing in France is the first to write a statement of the rights to the back of the letter if the letter will be peralihkan to others. Habit that followed kept the traffic payment by bank draft (lettre de change).
Enhance Due Diligence. View → Customer Due Diligence.
Enterprise Risk Management (ERM).
Risk management is a concept developed by COSO (see → COSO), which defines that ERM is a process that is carried out effectively (effected) by the Board of Commissioners, Directors, and other personnel of the company, which is applied according to the strategy that has set in throughout the organization , which is designed to identify potential events that could be bad for the company, and manage risk according to risk appettite, and to provide assurance / reasonable certainty about the achievement of company objectives
There are 4 (four) categories of objectives (Objectives) in the ERM:
• Strategic - direction / purpose of the main objectives, which support the mission of the company.
• Operations - effective and efficient use of resources
• Reporting - Accurate, timely and reliable
• Compliance - comply with prevailing laws and regulations.
Coso also set 8 Components of Enterprise Risk Management;
• Internal Environment
• Objective Setting
• Event Identification
• Risk Assessment
• Risk Response
• Control Activities
• Information and Communication
• Monitoring
Relationship between Objectives and Components is, objectives are something that companies are trying to achieve while the component represented as something that needed to achieve the objectives it. (3). (Source: COSO).
Economic Entity.
Auditing is the term for a unit which is the object of audit as the Company, Bank, Bureau / Division / Section / Section of a bank and so on which carry out activities to be examined or audited. (11). (Source: Library No.19).
Equity Investment Risk.
Endorsement (Endorsement).
Is an institution in the draft law, by which the rights of holders of notes receivable may diperalihkan to the next holder in a simple way is to sign the draft letter by the holder at the back of the draft letter. Endorsement comes from the French "endossement", English "endorsement", which means a written statement behind the securities. Endos words (French) means the rear. The statement was meant to move the bill right. Habits prevailing in France is the first to write a statement of the rights to the back of the letter if the letter will be peralihkan to others. Habit that followed kept the traffic payment by bank draft (lettre de change).
Enhance Due Diligence. View → Customer Due Diligence.
Enterprise Risk Management (ERM).
Risk management is a concept developed by COSO (see → COSO), which defines that ERM is a process that is carried out effectively (effected) by the Board of Commissioners, Directors, and other personnel of the company, which is applied according to the strategy that has set in throughout the organization , which is designed to identify potential events that could be bad for the company, and manage risk according to risk appettite, and to provide assurance / reasonable certainty about the achievement of company objectives
There are 4 (four) categories of objectives (Objectives) in the ERM:
• Strategic - direction / purpose of the main objectives, which support the mission of the company.
• Operations - effective and efficient use of resources
• Reporting - Accurate, timely and reliable
• Compliance - comply with prevailing laws and regulations.
Coso also set 8 Components of Enterprise Risk Management;
• Internal Environment
• Objective Setting
• Event Identification
• Risk Assessment
• Risk Response
• Control Activities
• Information and Communication
• Monitoring
Relationship between Objectives and Components is, objectives are something that companies are trying to achieve while the component represented as something that needed to achieve the objectives it. (3). (Source: COSO).
Economic Entity.
Auditing is the term for a unit which is the object of audit as the Company, Bank, Bureau / Division / Section / Section of a bank and so on which carry out activities to be examined or audited. (11). (Source: Library No.19).
Equity Investment Risk.
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