[Raabiya Issac]

Ant Group is a major player in China’s payments landscape through its Alipay app. Additionally, it operates the sizable Yu’ebao money-market fund and China’s largest online consumer-lending platform. Ant Group also encompasses a credit-scoring division and an insurance marketplace.

[Raabiya Issac]

KredX is an extremely risky platform where the potential gains are overshadowed by the risk of losing your entire investment. Despite claims of a detailed process to safeguard investments, my experience, along with that of several friends, has proven otherwise. I strongly advise against using this platform. The first rule of investment is always to protect your capital, and investing in equity markets and debt mutual funds is much safer by comparison.

[Raabiya Issac]

Digital currency, or cryptocurrency, brings several key benefits to the global markets compared to traditional fiat currencies, including:

Decentralization: Unlike traditional currencies, cryptocurrencies are decentralized and run on a peer-to-peer network, free from government or financial institution control.
Enhanced Security: The use of sophisticated cryptography ensures that digital currency transactions are secure and largely immune to fraud.
Speed and Efficiency: Transactions with digital currencies are quick and efficient, enabling almost instantaneous fund transfers globally.
Reduced Transaction Costs: Typically, digital currencies come with much lower transaction fees, appealing for both international transactions and small payments.
No Geographic Boundaries: Digital currencies operate on a global scale, usable anywhere in the world without the limitations associated with national borders.

[Raabiya Issac]

While theoretically, the shareholders of an LLC are not personally liable for the company’s debts, in reality, there is typically someone who is accountable for these debts, or the debts are backed by some form of collateral. For instance, in smaller LLCs, the owner often has to personally guarantee any unsecured credit. Conversely, in larger LLCs seeking to borrow, the company usually has to offer some assets (like property or machinery) as collateral to secure the loan.

An instance where an LLC might incur unsecured debt is through trade credit, where a selling company allows the LLC to purchase goods on terms, fully aware of the risk that they may not be repaid if the buyer goes bankrupt. The seller deems this risk acceptable, considering that offering credit terms enables the purchasing company to buy more goods, potentially increasing sales.

[Raabiya Issac]

Negotiating business financing is essential for securing favorable rates and better terms. Eligible businesses can negotiate terms with lenders when applying for trade finance. There are a number of terms that can be negotiated, including:

Non-interest costs
Fees
Fixed charges
Interest rates

If you are prepared and understand the structure of fees and charges, you will be in a better position to negotiate terms that are in your favor. Small business owners can approach lenders to lower interest rates or develop payment plans.

Here are some tips for negotiating terms with lenders:
Do your research. Before you start negotiating, make sure you understand the market and the terms typically offered.
Be prepared to walk away. If you are not happy with the terms offered, be prepared to walk away and find another lender.
Build a relationship with your lender. The more you work with a lender, the more likely they are to work with you on terms.
Be persistent. Don’t be afraid to negotiate and don’t give up if you don’t get the terms you want the first time.

[Raabiya Issac]

The STRO is the (FIU) Financial Intelligence Unit of Singapore. They analyze (STRs) Suspicious Transaction Reports and other financial data such as (CMRs) Cash Movement Reports and (CTRs) Cash Transaction Reports to discover terrorist financing, money laundering, and other significant crimes. They send financial intelligence to the concerned regulatory and enforcement bodies when they notice probable violations.

The STRO offers filing instructions for CTRs, STRs, and CMRs. In worldwide Counter-financing of Terrorism/Anti-Money Laundering efforts, the STRO denotes Singapore at regional bodies and international forums.

[Raabiya Issac]

There are a number of different trade finance options available to small and medium-sized businesses. Banks are a common option because of the variety of trade finance products they offer, including letters of credit, export funding, and supply chain funding. Products like these can assist SMEs in mitigating dangers inherent in doing business abroad, such as not being paid by customers or having shipments delayed.  Alternative financial providers such as digital sites, invoice financing, factoring, as well as supply chain finance firms are other options for SMEs seeking trade finance.  Triterras’s FLEET platform is an online tool for facilitating trade financing for small and medium-sized enterprises. Through the platform, SMEs can quickly and safely gain access to trade finance products like letters of credit and invoice financing from a system of banks and other lenders. Even more so, Triterras’ FLEET framework utilizes blockchain technology to simplify and streamline the trade finance procedure, making it more effective for SMEs.

• This reply was modified 1 year, 10 months ago by Carin G Hansen.
• This reply was modified 1 year, 10 months ago by Carin G Hansen.
• This reply was modified 1 year, 10 months ago by Carin G Hansen.

[Raabiya Issac]

The estimated annual amount of worldwide money laundering is approximately 2 trillion dollars. Terrorist financiers and criminal organizations exploit a wide range of threats and vulnerabilities within the international trade system. The colossal volume of world trade, in return, distorts transaction data. The complexities of utilizing various currency transactions and diversified trade finance structures partly contribute to these difficulties.

Numerous banks invest between $900 million and $1.3 billion yearly to strengthen and operate their AML and KYC systems. In addition to the significant expenses of KYC/AML compliance, banking institutions are under constant client demand to enable transactions efficiently. Under money laundering, digital financial crimes have also utilized modern technologies.

A blockchain-enabled AML/KYC platform can expedite AML/KYC processes by storing KYC and AML-related data and information on a distributed ledger. The information stored on a blockchain ledger is immutable and always accessible to all network participants. Consequently, handling AML/KYC data on the blockchain can assist financial institutions with data maintenance.

[Raabiya Issac]

There are two main markets where a stock might trade after it is formally delisted in the US: the pink sheets and OTCBB (over-the-counter bulletin board). The FINRA (Financial Industry Regulatory Authority) provides an electronic trading facility called the Over-the-Counter Bulletin Board (OTCBB). There is hardly any regulation for OTCBB. If a company’s financial statements are current, it will be able to trade here. Even riskier than the OTCBB is the pink sheets, a quotation service. It does not require organizations to register with the Securities and Exchange Commission (SEC) or keep up with their regular filings. The equities listed on the pink sheets involve a lot of speculation. Delisting doesn’t indicate that a business will file for bankruptcy. A firm can be delisted and yet be successful, just as many private businesses thrive without the stock market.

[Raabiya Issac]

Sir, thank you for your detailed answer.

[Author]

Posts