In the financial market, everything needs to be accurate. Every digit matters due to the possibility of changing the value even with minimal errors. Considering the fact that Forex trading is a complicate industry, Singaporean traders must be highly equip with full understanding of the available tools and applications. Being part of such business endeavor, […]

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licensed money lender

The Theory of Money | Licensed Money Lender The relationship between money and economic activity is goes both ways. On the one hand, cash forms are a reflection of a certain  economic activity through production. Assets create and finance their own economic activity. Money reflects the economic activity. This is significant for the development of […]

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Letter-of-Credit-Moneylender Open on Sunday

Letter of Credit Letter of Credit is the backbone of all cross border trades. With globalization, the product manufactured or any commodity produced anywhere can be sold in another part of the world. However, how do these transactions take place when the parties to the transaction are not known to each other and their credit histories […]

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What are Term Loans? There are two kinds of loans, short term loan and long term loan. Generally loans that are repayable within 12 months are classified as short term. Loans that are repayable in tenor beyond 12 months are classified as long term loans. Term loans are common in both personal and commercial segments. […]

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Money Laundering: Don’t Even Try It What is Money Laundering? Money laundering is the process of turning the illegal profits of criminal activity into legal assets. Various regulatory and legal systems confuses the term ‘money laundering’ with different types of business and financial crimes. It is the most prominent form of abuse in the financial system. Other […]

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Costs of a Loan Loans in today’s world are useful whether it is for consumption, or for aiding in the creation of an asset. Ideally, we would all like to enjoy today what we expectantly earn in the future. Most of the world’s economy function on this principle of debt, and there is nothing inherently wrong with it. However, the prudent thing to do would be to do our due diligence and research before committing to any loans. This ensures that that the net cost to us is the lowest. […]

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How much for an Emergency Fund?

How Much Should You Set Aside for an Emergency Fund? There is a common saying that danger knows no stranger. The same may apply for financial emergencies. Professional risk managers will advise you this. You can either do away with an unnecessary risk or outsource or employ someone to take on a peril on your […]

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