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LIBRARY

Through timely, in-depth analysis of companies, industries, markets, and world economies, Aura Solution Company Limited has earned its reputation as a leader in the field of investment research.Through timely, in-depth analysis of companies, industries, markets, and world economies, Aura has earned its reputation as a leader in the field of investment research.

The Equity Research department provides analysis of companies, industries and markets to assess the investment outlook in equities. It collects and analyzes financial information to make recommendations on stocks. Analysts build financial models, examine industries and communicate with investors. Equity Research keeps us ahead of the curve.

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bank guarantee

A bank guarantee is a type of financial backstop offered by a lending institution. The bank guarantee means that the lender will ensure that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

 

KEY TAKEAWAYS

  • A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan.

  • Parties to a loan choose direct guarantees for international and cross-border transactions.

  • The guarantee provides additional risk to the lender, so loans with such a guarantee will come with greater costs or interest rates.

Client information sheet

CIS (Client Information Sheet) Known as CIS, A customer information file (CIF) is an electronic file that stores all pertinent information about a customer's personal and account information. The customer information file (CIF), which contains a CIF number, allows the business to view its customer accounts by relationship and not strictly by account type. Although many industries have customer files, CIFs have been traditionally associated with the banking industry. A CIF at a bank might include a client's credit relationships, accounts owned, and ownership information.

KEY TAKEAWAYS

  • A customer information sheet (CIS) is a computerized file used by companies that store a customer's personal and account information. 

  • In banking, a CIS contains data such as credit relationships, account ownership information, the number, and types of accounts owned.

  • Online retailers also create CISs for current or potential customers based on their online product searches or purchases.

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Signing Contract

PAYMASTER

A paymaster is someone appointed by a group of buyers, sellers, investors or lenders to receive, hold, and dispense funds, commissions, fees, salaries (renumeration) or other trade, loan, or sales proceeds within the private sector or public sector.

KEY TAKEAWAYS

  • Paymaster refers to a type of cash account maintained by a company used to pay for small incidental or routine expenses.

  • A fixed account balance is established in the Paymaster account and refunded as needed when money is withdrawn for items like payroll, travel, or petty cash.

  • Because of its small and fixed nature that is easily monitored, Paymaster discourages unauthorized or lavish expenses.

Cease & desist

Cease and desist can take one of two forms: an order (injunction) issued by a government administrative agency or the courts to stop suspicious or illegal activities, or a letter, typically written by an attorney, often a first formal step taken to ask a party to stop performing an illegal activity.

A cease-and-desist order has legal power. A cease-and-desist letter is not legally binding, although a follow-up lawsuit could be.

Whether temporary or permanent, a cease and desist order is legally binding. Such an order is issued by a government agency or court when it has been convinced that there is reason to believe illegal or harmful activity is taking place requiring the offender to stop the activity. Further action, such as a trial, may be needed, or the order may be permanent, depending on the situation.

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OFFSHORE BANKING

The term offshore refers to a location outside of one's national boundaries, whether or not that location is land- or water-based. The term may be used to describe foreign banks, corporations, investments, and deposits.

A company may legitimately move offshore for the purpose of tax avoidance or to enjoy relaxed regulations. Offshore financial institutions can also be used for illicit purposes such as money laundering and tax evasion.

Supporters of OFCs argue that they improve the flow of capital and facilitate international business transactions. Critics argue that offshoring is a way to hide tax liabilities or ill-gotten gains from the authorities.

KEY TAKEAWAYS

  • The term may be used to describe foreign banks, corporations, investments, and deposits. 

  • A company may legitimately move offshore for the purpose of tax avoidance or to enjoy relaxed regulations.

  • Offshore financial institutions can also be used for illicit purposes such as money laundering and tax evasion.