Banking Terms Based on the word / phrase from letter D (Part IV / End)

Banking Terms Based on the word / phrase from letter D (Part IV / End) :
Directors of the Bank.

Are:
a. Board of Directors as referred to Article 1 paragraph 4 of Act 1 of 1995 About Limited Liability Companies Limited Liability for the bank.
b. Board of Directors as referred to article 11 of Law No. 5 of 1962 About the Company Areas of a Bank incorporated Regional Corporate Law.
c. Board of Cooperative Banks in the form of Law referred to in Article 29 of Act No.25 of 1992 on Cooperatives.
Another term for the Board of Directors of the Bank is a Senior Management.

Disaster & Recovery Plan.

Is a prevention plan that has been tested to ensure continuity and recovery activities of the bank in case of disruption or disaster to the Technology Information System (TSI). Banks need to establish disaster & recovery plan mainly for processing of applications that are critical in the event of failure of hardware and software, and the destruction of existing facilities both facilities are temporary or permanent.
Applications that are critical:
Planning is expected to give priority to processing applications re-making a critical or sensitive nature that have a major influence on the business activities of banks.
Critical computer equipment:
Planning is expected to also identify things that are critical, such as operating systems, network communications, data files, and other supplies, for the purpose of recovery as a result of the disaster.
Back-ups:
Location and hardware. Needs to be done on location and selection of compatible hardware for processing a replacement, and testing is done regularly on the readiness when required in an emergency.
Replacement processing procedure manually:
Units of work the user needs to establish an alternative to manually processing procedures, which may be used until the TSI unit capable of restoring the data processing operations after a disaster. In the field of non-IT, Disaster and Recovery Plan is also known as "Business Continuity Plan" or a Business Continuity Plan.

Discount Rate (Discount Rate).

Is a general term for the interest paid upfront, which is interest rates are calculated on the future cash flow in order to obtain the present value (net present value) of an investment. Selection of the discount rate (high-low) is a reflection of the risk of an investment / project.

Displace Commercial Risk.

This term is contained in Bank Islam, is the transfer of the risks associated with the storage of funds are equity. It arises when a bank is under commercial pressure to

Banking Terms Based on the word / phrase from letter D (Part III / IV)

Banking Terms Based on the word / phrase from letter D (Part III / IV) :
Deposits on Call.

Is a savings withdrawal can be done with prior notice (1hari s / d 3 days before the withdrawal) in accordance with an agreement between the owner of the funds with the bank.

Deposit Slip (Deposit Slip).

Is a form to be filled out as proof of remittance of money transaction, either a cash deposit, deposit slips or checks clearing the bank to be recorded into a specific account is written in the Deposit Slip.

DEQ (Delivered Ex Quay / Duty Paid).


The term is usually followed by the name of the port of destination, is a code in the International Commercial Terms (Incoterms), which means limits the responsibility of Seller / Seller to the Buyer / Buyer for export of both the cost of shipping goods, transport and limited risk until the goods enter the customs territory of the Buyer / Buyer. Thus Seller / Vendor is responsible for revenues and license fees.
Limits of responsibility include:
a. Carriage arranged by seller.
b. Risks and costs of switching from seller to buyer when the goods are put in place the buyer at the dock.
c. The seller must bear all the risks and costs incurred to send the requested goods to the port and unload at the pier. Import duties are paid the seller.


Depreciation.

Is in the accounting process to allocate the cost of an asset against pandapatan periodically, including software and computer hardware. Depreciation of assets in accounting purpose is to distribute the cost according to the estimated useful life of assets (estimated useful life) of the assets concerned. Depreciation is recorded in the Income Statement (Profit and Loss) as a cost in the period. How besartnya fees charged are based on assumptions that must be tailored to the bank's accounting policies and regulations / directions taxation and carried out consistently each period.

Derivatives.

Is a financial instrument or other contract which falls within the scope of this statement by the three following characteristics:
(A) its value changes as a result of changes in interest rates, financial instrument price, commodity price, foreign currency exchange rates, price index or index interest rate, credit rating or credit index, or other variables that have been determined, all for non-variable financial variables are not determined exclusively for the parties to the contract (often referred to as the underlying variables).
(B) requires no initial net investment or net initial investment in a smaller amount than the amount needed for other similar contract that is expected to produce the same effect on changes in market factors; and
(C) were completed on a certain date in the future.

Embedded derivatives.

Is a component of the combined instrument (hybrid / combined instrument) a category including all the major non-derivative contracts, which resulted in some cash flow stemming from the combined instrument vary as a stand-alone derivative. Embedded derivative causes some or all of the cash flow, required under the contract, modified according to the interest rate, financial instrument price, commodity price, foreign currency exchange rates, price index or index interest rate, credit rating or credit index, or other variables that has been determined, all for non-financial variables is not a variable determined exclusively for the parties to the contract. Derivatives embedded in financial instruments but the contract can be transferred separately from the financial instrument, or owned by the different opponents of financial instrument, not an embedded derivative, but a separate financial instrument.

DES (Delivered Ex Ship).

The term is usually followed by the name

Conventional Banking and Islamic Banking

Conventional Banking and Islamic Banking : When you look and read at this post tittle whats in your mind? yes, i think our mind will say that the title is about two contrast banking systems. we all have known from the long time about the conventional banking. its used the modern system and always updated according to market needs. the systems updated by economists and financial experts that the majority of western and not based on religious values. most of conventional banks are rooted and carried by all American and European nations that are easy not to use Islamic law.

And about Islamic Banking we think its the new term in our ears. Islamic banking is banking and financial that used an Islamic system in operational. in fact, this islamic banking system has long been exemplified in the time of the prophet Muhammad s.a.w. that spread throughout the country. with the increasing number of people who are sympathetic and embraced Islam, Islamic banking system is increasingly recognized and increasingly required. even now there are much countries with a big Muslim populations. almost in every place around the world today there are Muslim.

So, presence of Islamic banks has become a necessity, so that when this starts a lot of birth banks applying sharia in many countries around the world.


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