Yalnizca

The World and Modern Science

  • Oct 11

    The financial crisis born in the financial and construction industries the U.S. has spread to the entire planet. In 2000-2005, the U.S. was rampant distribution of loans, including mortgages, home under a mortgage is not only took the "lazy". America lives in a debt. The first serious "warning bell" sounded from the beginning of the crisis in late 2006, when U.S. trading because of defaults on mortgage loans has been exposed for nearly a million homes and lenders have suffered substantial losses. More information is housed here: Andrew Cuomo.

    The whole of 2007 the U.S. Fed lowers key interest rate, trying not to let the crisis in the economy, but to no avail. Crisis Freezes residential construction in the U.S., increases the rate of inflation and unemployment in the U.S. economy starts declining. In 2008, the crisis becomes the world's "treasure". Until September 2008 Europe holds the blow of inflation and unemployment rates are not bad, it is possible to reduce the percentage rate. In September, another blow from the ocean.

    The two largest agencies, Fannie Mae and Freddie Mac, which for decades bought back from the banks mortgages are billions in losses. Debts on mortgage loans completely paralyze U.S. construction industry. To prevent the bankruptcy of the two companies are nationalized. Bankrupt's largest bank Lehman Brothers. He owes $ 157 billion ten largest lenders. Then bank Merrill Lynch becomes the latest victim of the crisis, its buys Bank of America. Panic starts and falling stock markets around the world. National indices are competing in the fall with each other. Russian leader in the fall of the national indices and the stock market, but because of its small volume, stagnation of Russian manufacture, and the financial sector does not occur. On September 30 the U.S. rejected a bill "Paulson plan", one of the main points of which was the addition of 700mlrd. $ In the financial sector. Opponents Congress did not agree: "Why the irresponsibility of financial management must be designed for the taxpayer?" Exchanges of all countries react to news of yet another friendly fall, the RTS index fell below 700 points. Finally, on 3 October, under pressure from the U.S. president "Paulson plan" still accepted. October 14 leading EU countries have allocated total 1.5 trillion. euros to fight financial crisis and lower interest rates. U.S. lowers interest rate to a record 1%! In October, Russia also allocated 950 billion rubles. to support the financial system and insures bank deposits of savers up to $ 700 thousand rubles. In Russia, the economists say, the crisis manifested likely to reduce salaries, but not for unemployment. November 7 world markets show optimism after the U.S. statistics. True, the rate of unemployed amounted to 240 thousand people (at the expected 200 thousand), but in general not so bad. Begin if from this point (October 3) decline the crisis? Or will it only a temporary respite? Yuri Chashin.

  • Jul 17

    Prerequisite for obtaining a bank loan is a business plan. Business – Plan helps guide the company to evaluate current affairs, control and direct the production and commercial operations, to anticipate the future. In addition, he must and can be used to attract partners (including Western) for joint ventures, joint projects or funding enterprises in one form or another. Small business plans for the loan differs from the business plan for an investor in several aspects: the business plan for a loan must show the need for enterprise funding at some point on a specified date; should prove advantageous for Enterprise use of borrowed working capital, business plan for a loan is aimed at, to show the bank or another lender a high level of solvency, which means – an opportunity to repay the loan and interest for its use. Banks generally will not be interested in details of the business plan, have no direct relation to the solvency and liquidity of the enterprise. His interest in the first place, the existence of an enterprise of serious collateral or guarantor. If this condition is satisfied, the next question bank will be about accumulated enterprise accounts, and especially accounts receivable. The bank will be interesting, to whom and how much should the company if there is overdue.

    The process of obtaining a bank loan – a procedure quite lengthy and requires the preparation of a package of documents is time consuming and strong nerves. All this time, the bank requires one document after another, the requirements for the necessary documents may be changed even during processing the transaction. First we have to deal only with the loan officer, then the chief of the credit department, and if the bank considers a loan to a large category, so with the guidance of a bank branch. Amount issued Bank loan is usually no more than 40-50% of the value of the collateral, which is determined by peer review. Promotional credit conditions are usually very different from reality. It often happens that in the process of obtaining credit bank ‘offers’ company to pay some more fees and additional fees for obtaining a bank loan. Neafishiruemye bank fees for the loan could amount to 5-10% of the loan amount, usually a it appears already at the design documents for the loan.

    Another bad point is that the bank usually requires the opening of current accounts at home. A bank may not agree with the results provided by the expert evaluation, and most often – ‘softly’ ask the company to apply to the recommended his own expert appraiser, the cost of services which are usually in 1,5-3 times higher than the market average. In addition to the costs of peer review will incurring costs and insurance transactions, which is required by the bank. For the insurance transaction is also true with respect to the above expert appraiser. Analysis of world practice shows that potential partners and investors with great attention to the study include a business plan for the desire to have a clear idea of the proposed production, its scale and market potential, how to promote a product on the market, future profits. In addition to production and financial sides of an issue they need to make sure that the potential partner has the necessary human and material resource that will enable a profitable business.