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

Banking Terms Based on the word / phrase from letter A (Part III) :

 
Acquisition.

Is the takeover of ownership of a bank

Public Accountants.

Is an accountant who has a business license to conduct audits of service issued by Ministry of Finance.

Alamiyah.

Is a conception of Islamic banking on something that can be done and accepted by, with and for all interested parties (stakeholders) without distinction of race, religion, race and class, in accordance with the spirit of the universe kerahmatan (rahmatan lil alamin).

ALCO (Asset and Liability Committee).

Is an institution in the organization of commercial banks to support the effective implementation of Asset and Liability Management (ALMA)
ALCO policy coverage includes:
(A) A description of the responsibilities, frequency of ALCO meetings, and membership ALCO
(B) A description of the reporting lines between the ALCO and the Board of Directors
(C) A description of the fund investment strategy
(D) hedging strategy
(E) funding strategy
(F) Pricing strategy
(G) The management of interest rate risk

ALMA (Asset and Liability Management).

Management of Asset and Liability Management is one of the processes of risk management at Commercial Bank. ALMA Bank apply to carry out the functions of control interest rate risk, exchange risk, and risk likiditas. To support the effective implementation of ALMA, the bank formed Asset and Liability Committee (ALCO) which is adapted to scale the organization committee with the volume and complexity of banking transaction relating to the implementation of ALMA.
ALCO consists of members of the field of credit, treasury, funding is authorized and relevant Directors.

All Risks.

Insurance coverage is a term in which the Penganggung / insurer shall provide compensation for any loss or physical damage to goods caused by factors outside without looking at the percentage. Closure of this risk is as a continuation of the closure of WA and does not cover the risks due to war, strikes riots, seizure, detention and other risks that are not included in the FC & S (Free of Capture and seizure = Collateral free from arrest and foreclosure) and SR & CC (Strikes, Riots and Civil Commotion) and Warranty (Guarantee free of strikes, riots and noises) but these risks are specifically agreed upon. This type of insurance coverage is widely used for valuables and luxury goods and motor vehicles.

Al-Qard.

Is a contract of loan (funds) to the customer provided that the customer must return the funds it receives to the Islamic Financial Institutions (LKS) on time as agreed by the LKS and customer.
Al-Qard embodies the addition worksheets as well as the Commercial Institute of Social Institutions that can boost the economy to the fullest.


Al - Sharf (Offers to buy the currency).

Is buying and selling currencies based on sharia principles that should be done with the following conditions:
Type of transaction
(1) Spot Transaction.
Namely the purchase and sale of foreign currency for delivery at the time (over the counter) or a settlement at the latest within a period of 2 (two) days.
(2) Forward Transaction.
Namely the purchase and sale transactions whose value is set at the present time and the enactment for the future, between 2 x 24 hours up to one year.
(3) Swap Transactions.
That is a contract of purchase or sale of spot foreign exchange at a price which, combined with the purchase of sale of foreign currency equal to the price forward.
(4) Transaction Option.
That is a contract to acquire rights in order to buy or sell the rights for which must not be made on a number of units of foreign currency on the price and time period or a specific end date.

Earning Assets.

Are all assets in rupiah and foreign currency held by banks with a view to earn income, which includes:
1. Loans.
2. Securities.
3. Placement of funds with other banks, both domestic and foreign investment except in the form of demand.
4. Acceptances receivable, receivables for securities purchased under agreement to resell (reserve purchase agreement), Derivative,
5. Investments.
6. Balance sheet items, as well as other forms of provision of funds which can be equated with that

Earning Assets Classified (APD).

Assets are either already or that contain potential no earnings or result in losses, which amount shall be as follows:
(A) 25% (twenty five percent) of credit is classified as Special (special mention); and
(B) 50% (fifty percent) of loans classified as Substandard (sub standard); and
(C) 75% (seventy five percent) of credit is classified Doubtful (Doubtful); and
(D) 100% (hundred percent) of loans classified as Loss (Loss) are still recorded in the books of banks and securities classified as Loss

Payment.
Payment instrument is a specific unit that has a value of payment known as money. Money is one of the main payment instrument in force in the community. Furthermore, the means of payment continues to evolve from a means of payment in cash (cash based) to a non-cash means of payment (non cash) such as paper-based payment instruments (paper based), for example, checks and demand deposit. Also known paperless means of payment such as electronic funds transfer and payment using the card (card-based) (ATM, Credit Cards, Debit and Prepaid Cards)

Card Based Payment Instrument.

Is a means of payment in the form of a credit card, Automated Teller Machine (ATM), debit cards and / or prepaid cards

Non-cash payment instrument.
Non-cash means of payment is a payment instrument commonly used community, banks and institutions other than banks (LSB), both in the process of transferring funds, clearing and settlement system of the final (settlement). Non-cash payment instruments already developed and increasingly prevalent. Currently non-cash payment transactions with a value of Bank Indonesia conducted through the BI-RTGS (Real Time Gross Settlement) and the Clearing System. For information, the BI-RTGS system is the estuary of the entire settlement of financial transactions in Indonesia. People who used to wear non-cash means of payment referred to as' Less Cash Society (LCS).

Banking Terms Based on the word / phrase from letter A (Part II)

Banking Terms Based on the word / phrase from letter A (Part II) :

Air Way Bill.


Air freight is a document that serves as a contract of carriage of goods and proof of delivery of goods only and not an ownership document.

Akad (On Islamic banks).

Is a written agreement containing consent (offer) and qabul (acceptance) between banks and other parties that contains the rights and obligations of each party in accordance with Islamic principles.

Akad Eve.

Akad diversion is from those who owe debts to other parties who shall assume or pay.

Akad Ijara.

Akad is providing funds in order to transfer use rights or benefits of a good or service based on leasing transactions, without being followed by transfer of ownership of the goods themselves

Akad ijarah muntahiya bittamlik.

Akad is providing funds in order to transfer use rights or benefits of a good or service based on leasing transactions with an option of transfer of ownership of goods.

Akad Istishna.

Akad Financing is ordering the manufacture of goods in the form of certain goods with certain criteria and conditions agreed between the buyer or the buyer (mustashni ') and the seller or manufacturer (shani')

Akad Kafalah.

Akad bail is granted one party to another, in which the collateral giver (kafil) responsible for the repayment of debts which are entitled to receiving assurance (makful

Akad loans or credit agreements.

Is agreement between banks and borrowers on lending by banks to borrowers which include the amount of credit, the duration of the loan, interest rates, the guarantees given, obligations of the debtor in payment of principal and interest, fines and other requirements. (

'Akad mudaraba' in collecting funds.

Akad is the first cooperation between the parties (malik, Shahibul mall, or Customer) as the owner of the funds and the second ('amyl, mudharib, or Islamic Bank) acting as manager of the fund by dividing the profits in accordance with the agreements set forth in the contract

'Akad mudaraba' in Financing.

Akad

Microfinance Institutions; How to Established a microfinance

Microfinance Institutions; How to Established a microfinance : As we have known, small businesses or micro-businesses is one of the root and source of economic stability in aone country. so we see the fact, althought moneter crisis was happening in most of countries in the world, its no effect for small and micro business. i think taht because of the small business have not or we say have just little rivals in their businesses.

So, if you can see this fact its better for you to take your profit in this segment and use this chance to get more profit. faster we take the chance we will get more in profit. if we have start our small business and then much peoples follow you in the same business, you can make you business bigger than them as a beginner, and put your business as the biggest one in that busines and you also can become the supplier or become a distributor for all of them the followers and beginners.

essentially, dont afraid to start your business althought in very small business. dont worry about the competition. because if you can thinking and creative thinking you will change the competition become the chance for you. for the example is what we was storied for you above. when many small and medium enterprises which began to advance and develop rapidly, meaning it's time for you to increase the degree of your business and you can start a business as a lender of capital and training center in that business.

With those all, You can also begin to look to open microfinance institutions to help them grow and self-aggrandizement. are you ready to Establish your microfinance Institutions?

Microcredit; An Easy way to get Microcredits

Microcredit; An Easy way to get Microcredits : microcredit is a program that intended for small and medium entrepreneurs in terms of capital. but the problom today is small and medium entrepreneurs have not know and not understand yet about this program. they dont know how to apply for micro credit loans. so that, lets us to share you about the methods and procedures of requirements so you can easily prepare to get micro credit from a bank with an easy way.

the first that small and medium entrepreneurs must know is small and medium enterprises are the businesses that strengthen the nation's economy. its also can help economic resilience all of countries in the world. so this businees must run well.

The most important again is many markets and opportunities that have not been worked out to perfection by the banking towards small and medium enterprise. whereas the benefits that offered are very large and lucrative. this situation can be a chance for all of entrepreneurs to float the business and its business so as to further raise and add a few branches.

How to get Microcredits in Easy way

several requirements that must be completed and provided by employers and applicants to apply for micro credit loans, are :
1. employers should have run its business at least 2 (two) years and has produced a net gain or profit that has been separated from all sorts of costs that must be paid

2. has a place of business as well as a viable business and strategic, so it can easily be visited by the customer and without any trouble to come and buy

3. have a guarantee that costs more expensive than loans

Ok, those some tips in order you can get microcredits easyly.

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