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In evaluating the adequacy of a financial institution's liquidity position,consideration should be given to the current level and prospective sources of liquidity compared to funding needs, as well as to the adequacy of funds management practices relative to the institution's size, complexity, and risk profile.
To cope with the international financial crisis and protect the interests of the policyholders, CIRC(China Insurance Regulatory Commission)impels the whole industry to strengthen its solvency regulatory system.
The rates quoted by us are very moderate. Of course, the premium varies with the range of insurance.
Deposit accounts, together with savings accounts, represent the simplest form of bank account. The customer deposits funds and withdraws them as required. No checkbook is issued on this type of account. Therefore, the formalities of opening an account are simple, Often there is no need for a reference, the customer's name, address and occupation, together with a specimen signature and an initial deposit being all that are needed.
The basic principle of double entry bookkeeping is that every transaction has a twofold effect. In other words, a value is received and a value is yielded or parted with. Both effects, which are equal in amount, must be entered completely in the bookkeeping records.
Now and then i deposit money in a savings account at the bank. The bank then uses this money and pays me a certain percentage on each dollar every year. For example, if i deposit $ 1000 and the bank pays me 4 percent, i will have earned $ 40 by the end of the year. This payment is called interest.
In the event of a merger, the merging parties shall execute a merger agreement and prepare a balance sheet and an inventory of property.
Mergers fall into three categories: horizontal, vertical, and conglomerate.
The court appointed a receiver to administer and liquidate the assets of an insolvent corporation.
We should improve the systems of unemployment insurance and subsistence allowances for urban residents.
Specific regulations governing the issue of share certificates at a premium are separately issued by the state Council.
Compulsory Insurance also known as mandatory insurance, is obliged regardless of the insured’s willingness, according to the law.
State proposed regulations to standardize the information disclosure.
Despite sound financial performance and an aggressive stock buyback, the stock has been flagging.
A company might use some of its earnings to pay dividends as a reward to shareholders. Or the company might reinvest the money back into the business.
The New York Stock Exchange is the world's most famous stock market and a symbol of American capitalism. The US Treasury Secretary says New York will remain at the heart of the world's financial system for a long time to come.