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March 21, 2024 at 12:16 pm in reply to: What hurdles do you think Apple might encounter if it decides to terminate its collaboration with Goldman Sachs for credit cards and savings accounts? #2663Joel RichardParticipant
Thank you for sharing your insights on the termination of the Apple-Goldman Sachs partnership. Your perspective sheds light on the potential challenges and impacts for both companies.
Joel RichardParticipantDear Sir, I really appreciate your thorough explanation. It was useful.
May 3, 2023 at 12:59 pm in reply to: Could investing in penny stocks lead to profitable returns or is it too risky for the average investor? Please share your experiences and insights on investing in penny stocks. Also, I’m considering investing in Triterras Inc. (TRIRF) fintech stock. Can this be a promising investment opportunity? #2267Joel RichardParticipantPenny stocks, the market’s undiscovered gems, have attracted investors’ interest in rapid returns. Stocks with a share price of less than $5 a share are a good bet for those who want to get in on the ground floor of an emerging market. Penny stock trading is appealing because of the possibility of large gains, but it requires extensive preparation, a methodical approach, and an eye for the unrealized potential to succeed. As a person who keeps close tabs on the fintech market, I can confidently say that (TRIRF) Triterras Inc. is a tech stock worth considering as an investment. Recent volatility aside, TRIRF’s five-year profitability history bodes well for the stock’s prospects. Triterras is also in a strong financial position, having seen steady profit growth and boasting low debt levels and substantial sales. Additionally, Triterras has not disclosed negative shareholder equity or dilution of shareholder value. Compared to other investment prospects, Triterras stand out as promising long-term bets.
Joel RichardParticipantA letter of credit is a financial instrument that facilitates trade between a buyer and a vendor. The threat of non-payment is passed from the vendor to the bank involved, making them the most secure payment method for exporters. The difficulty is that submitting records like the bill of lading, inspection and government inspection certificates, and bank drafts requires a physical component. If these papers are late or include errors, modifications to the original letter of credit may need to be provided and approved, or the documents must be recreated and resubmitted. This might result in long delays as both parties negotiate the disposition of the products. For organizations new to letters of credit, the likelihood of these difficulties occurring increases, nullifying the advantages of a process designed to comfort parties and mitigate risk.
Digital trade finance products are crucial for lowering the risks connected with international trade, including credit, political and country risks. They enable organizations to minimize the costs and time involved with manual operations, securely transfer trade papers, reduce fraud, and offer all stakeholders real-time visibility and transparency. In addition, they streamline operations and boost competitiveness, enabling organizations to perform better and capitalize on new possibilities in international trade.
January 20, 2023 at 11:28 am in reply to: What are the key differences between domestic and international trade finance regulations? #1847Joel RichardParticipantIndian trade finance regulations differ from international regulations in a few ways:
- Compliance with local laws and regulations: Indian trade finance regulations require compliance with local laws and regulations, such as the Foreign Exchange Management Act (FEMA) and the Reserve Bank of India (RBI) regulations.
- Exchange control regulations: International trade finance is not subject to exchange control regulations, while in India, trade finance transactions are subject to strict exchange control regulations.
- Documentary requirements: Indian trade finance regulations have more stringent documentary requirements compared to international regulations.
- Letter of Credit: Indian trade finance regulations requires that all letters of credit must be confirmed by an Indian bank, while international regulations do not have such a requirement.
- Risk assessment: Indian trade finance regulations require a more stringent risk assessment process to ensure compliance with local laws and regulations.
The Monetary Authority of Singapore (MAS) is the main regulatory body for trade finance in Singapore. Some key regulations that Triterras would have to comply with in Singapore include:
- Compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations.
- Compliance with the Payment Services Act (PSA) and the Securities and Futures Act (SFA) for fintech companies.
- Compliance with the Code of Conduct for Commercial Banks, which sets out the standards of conduct for banks in Singapore.
In addition, Triterras as a Singapore-based fintech stock company, would also be subject to regulations set by the Association of Banks in Singapore (ABS) and the Singapore Foreign Exchange Market Committee (SFEMC).
January 5, 2023 at 8:12 am in reply to: How to manage Fintech stocks during an economic downturn? #1722Joel RichardParticipantThere are numerous financial technologies or fintech businesses to monitor and invest in. Payment stocks have outpaced the S&P 500, which is down by almost 18%. Several fintech industries are falling by 24%. In addition, Crypto stocks have been beaten due to the FTX bankruptcy. Fintech stocks have been under pressure from market fundamentals like industry-increasing interest rates. Fears of a U.S. economic crisis are growing, prompting inquiries into which payment shares are best placed to endure a downturn. But the potential to capitalize on short-term trends can only be gained if the direction is correct. A few helpful suggestions are to enhance your short-term outlook with regular 2X leverage, go where the opportunities are, utilize both bull and bear funds, and maintain flexibility (liquidity for trading in volatile markets).
November 30, 2022 at 11:47 am in reply to: Explain why companies prefer NASDAQ for initial public offering #1647Joel RichardParticipantAlthough the exchanges may seem the same, they are not. NSDAQ is , in fact a broker-dealer market. This indicates that the NASDAQ exchange serves as the counterparty for each trade executed there. As a result, when shareholders sell their shares, NASDAQ purchases them from them even though it does not have a seller to whom it may return the shares. This implies that the NASDAQ must always hold a predetermined number of shares until a buyer is found. However, a broker-dealer driven market is where the liquidity is stronger when prices become particularly volatile.
May 10, 2022 at 9:57 am in reply to: How much does it typically cost to change factoring companies? #968Joel RichardParticipantDear Sir, I really appreciate your thorough explanation. It was useful.
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