| VAT and credit cards |
Issue: 10 / 2004 |
| The UK High Court has upheld a claim by a major UK retail group that part of the total payment by credit card customers in their shops can be attributed to the handling of a credit card transaction and should not attract VAT. The decision, if it is not overturned on appeal, could add approximately 0.4p.c. to gross margins. |
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| Who’s who in Finance: Juergen Fenk, Member of the Board, Hypo Real Estate Bank International |
Issue: 10 / 2004 |
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| Women In Banking and Finance Association launches Irish branch |
Issue: 10 / 2004 |
| Women In Banking and Finance (WIBF), the non-profit making professional organisation has launched an Irish branch.The aim of WIBF is to provide a business forum for women in the financial services sector to meet, share experiences, develop themselves, and develop others. Membership is not exclusively for bankers or for women. |
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| A Day in the Life: ABS investor |
Issue: 09 / 2004 |
| Patrick Coleman is head of treasury with Commerzbank Europe (Ireland) An active asset-backed securities (ABS) investor, he manages both trading and investment books worth €2 billion. |
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| Anglo travels to France, UK and Germany to sell €750 million transaction |
Issue: 09 / 2004 |
| Anglo travels to France, UK and Germany to sell €750 million transaction |
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| BOI gets first mortgage-covered bond off to a successful start |
Issue: 09 / 2004 |
| Bank of Ireland has kick-started the Irish mortgage backed covered bond market in spectacular fashion with a €2 billion issue that was over three times over-subscribed. Following a two week roadshow, which saw the bank travel the globe presenting to 200 potential clients, the order book for the bond was opened on Monday, September 13th and closed, due to substantial demand, at 11 o’clock on that same day. |
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| Careers in finance and financial services: Profile of a fund manager |
Issue: 09 / 2004 |
| Anthony Linehan, B.A., M.A.,is head of fixed interest, portfolio risk and management, and director at KBC Asset Management. He says that the primary skill required to be a fund manager is an analytical mind one which can analyse a lot of data, get to the key points, or drivers, be this in regard to a company or a country/economy. An abiding interest in the world around you is also an essential attribute. |
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| Cash management - register now for international recognised qualification |
Issue: 09 / 2004 |
| The Institute of Bankers, in conjunction with the Association of Corporate Treasurers, is offering an internationally recognised Certificate in International Cash Management from 2004/5. This Certificate is the only qualification to focus exclusively on global and multipoint cash management, and the course content is highly practical and centres on creating a thorough understanding of the corporate treasury structure, international operations and the role of banks. |
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| Corporate securitisation set to take off |
Issue: 09 / 2004 |
| As Jefferson Smurfit prepares to launch the first Irish corporate securitisation transaction, FINANCE takes a look at a recent report published by Demica, which examines the changing perception of corporates towards ‘trade receivables securitisation’. It identifies the historical burdens associated with securitisation and the market drivers that are eroding these perceptions. The report also examines predicted growth rates and the rising enthusiasm amongst European Corporates for invoice securitisation. |
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| Corporates are driving growth in global derivatives market |
Issue: 09 / 2004 |
| The uncertain and changing global economic environment in the past few years has fuelled a dramatic increase in turnover in the euro derivative market. Interest rate derivatives are a cost-efficient and price effective way of neutralising or hedging exposure to future interest rate moves. Uncertainty regarding the future path of interest rates greatly impacts economic decisions across finance and industry. Thus, both corporate and financial institutions are increasingly relying on interest rate derivatives to manage their exposure to undesirable interest rate moves writes Conor Dooley in this market overview. |
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| Euroclear to harmonise practices |
Issue: 09 / 2004 |
| Euroclear, the world’s largest provider of domestic and cross-border settlement services, has released a set of 85 proposals to harmonise market rules and practices within the five European domestic markets that comprise the Euroclear group (Belgium, France, Ireland, the Netherlands and the UK). |
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| Financing of power plant project completed |
Issue: 09 / 2004 |
| The €300 million financing of the 400MW combined cycle power plant at Tynagh, Co. Galway, one of the first independent power projects in Ireland has been completed. |
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| History's influence on poll results |
Issue: 09 / 2004 |
| John Considine, a lecturer in public finance at University College Cork, whose main area of interest is Minsters for Finance, examines the performances of the 23 ministers, which may account for how the votes were cast in FINANCE's 'Best Ever Minister for Finance' poll. |
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| Increasing sophistication amongst market players |
Issue: 09 / 2004 |
| With the entry of Bank of Ireland, one of Ireland’s largest mortgage banks, into the Irish covered bond market, the stage looks set for other parties to look to asset covered securities (ACS) to address their funding needs. |
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| Investing in China is challenging but the market offers huge potential |
Issue: 09 / 2004 |
| Despite the current debate over whether or not the Chinese economy will experience a ‘hard landing’ in 2005, investors should not lose sight of the longer-term consequences of China’s rapid integration into the world economy. George Huguet says that its impact on the global economy will grow rapidly, and investors should adjust their strategic asset allocation thinking accordingly. |
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