Friday, February 18, 2011
Shaw Capital Management Scam Tips | Blurpalicious
For Canada, UK and beyond - On this challenging economy you are looking into new territories, markets and industry channels, some of those may be based outside the US. Unlike most purchase order financing companies, we work with businesses seeking growth in foreign markets such as Canada, Mexico UK and Asia. Whether you are looking for PO financing in Canada, purchase order financing in Mexico or PO funding throughout the EU, our international PO financing program is designed to assist your busi...
shaw capital management warning tips | Clipmarks
Shaw Capital tips and Warning on Boiler Rooms and How to Spot a “Boiler Room” Scam and fraud:
High-pressure sales tactics. Salesmen and the management may make repeated calls and even become abusive, questioning, for example, the intelligence of anyone who would pass up such a “sure thing.”
Outrageous promises of extraordinarily high profit at little or no risk. The management rule is: The higher the return, the higher the risk. Listen for salesmen who claim it is possible to make extremely high (15, 20 or 30 percent) or even “guaranteed” profits without any risk of loss. Most legitimate firms will provide written materials clearly disclosing the potential for loss in an investment, as well as its short- and long-term tax implications.
High-pressure sales tactics. Salesmen and the management may make repeated calls and even become abusive, questioning, for example, the intelligence of anyone who would pass up such a “sure thing.”
Outrageous promises of extraordinarily high profit at little or no risk. The management rule is: The higher the return, the higher the risk. Listen for salesmen who claim it is possible to make extremely high (15, 20 or 30 percent) or even “guaranteed” profits without any risk of loss. Most legitimate firms will provide written materials clearly disclosing the potential for loss in an investment, as well as its short- and long-term tax implications.
Thursday, February 17, 2011
Info: Avoid Scam on Asset Based Financing -shaw capital management
Two types of asset based financing for your information to avoid factoring scams. For Working Capital. Shaw Capital Management and Financing offers asset based lending for companies that need to maximize their borrowing capacity using accounts receivable and inventory as collateral. Receivable based financing combined with inventory finance has become a useful tool for many undercapitalized businesses.
Shaw Capital Management and Financing evaluate a client's business assets as its primary focus to establish the borrowing base. The result is usually far greater borrowing power than can be achieved from a traditional cash flow banking approach due to our expertise in industry specialization.
Bank Financing. Shaw Capital Management and Financing offer higher advance rates due to our experience in receivable valuation. In the event where the client already has a bank line of credit, an Inter-creditor agreement is made between the bank and Shaw Capital Management and Financing where the receivables are assigned to Shaw Capital Management and Financing and therefore allows the client to borrow at higher advance rates.
“Due to the recession, many businesses have seen their credit rating dwindle and in most instances, the credit of small businesses is based off of the business owner's personal credit rating. Small businesses have not been the only businesses that have been affected by the recession and stricter lending standards however. Many large scale companies are getting rejecting for unsecured loans that they would have qualified for five to ten years ago.
After the markets started crashing a few years ago, most people thought that asset based lending and subprime loan companies would be put out of business forever. While subprime mortgage lending took a big hit, it has been found out that asset based lending for businesses is actually making a big comeback. With credit companies refusing to issue loans to companies that they may have leant to prior to the recession, businesses have had to find a way to obtain the financing that they need. Asset based lending companies have stepped in full force and are quickly growing in popularity.
Asset loans use a company's liquid assets to determine whether or not they are going to lend to them rather than using a credit score. Credit scores are still obtained but they are not the ultimate and definitive deciding factor with asset based lending. Liquid assets can be defined as the company's equipment, accounts receivable, restaurant assets and in some cases even real estate if it is owned by the business. The business enters into a contract that uses their assets as collateral in the event that they ever default on the loan. What used to be considered subprime lending is now becoming a very popular and widely used method of obtaining loans for business owners.
There are a few downfalls to pass around to asset based lending as well. The first major downfall is that if the business defaulted on the loan, then the lender has the right to seize physical assets and future payments that are due to the company depending on what asset is being held in collateral. Second, the interest rates are often above 10%, which is typically higher than standard lending rates. And last, the lending limits may be lower than traditional lending, as most asset based lending companies will only lend an average of 60% of the value of physical and hard assets and 80% of the value of future accounts receivables. By Vanessa Sweeney”
Shaw Capital Management and Financing provide same-day-funding. We can help you meet your cashflow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full.
Shaw Capital Management and Financing offer a complete line of factoring services, purchase order funding, asset based financing, accounts receivable management, and other related financial services.
Shaw Capital Management and Financing offer funding for a wide range of industries and flexible funding requirements that most businesses can easily qualify for.
Based in Baltimore, Maryland. Importing into the tri-state area mostly from the far east such as China, Thailand, Taiwan and South Korea.
Shaw Capital Management and Financing evaluate a client's business assets as its primary focus to establish the borrowing base. The result is usually far greater borrowing power than can be achieved from a traditional cash flow banking approach due to our expertise in industry specialization.
Bank Financing. Shaw Capital Management and Financing offer higher advance rates due to our experience in receivable valuation. In the event where the client already has a bank line of credit, an Inter-creditor agreement is made between the bank and Shaw Capital Management and Financing where the receivables are assigned to Shaw Capital Management and Financing and therefore allows the client to borrow at higher advance rates.
“Due to the recession, many businesses have seen their credit rating dwindle and in most instances, the credit of small businesses is based off of the business owner's personal credit rating. Small businesses have not been the only businesses that have been affected by the recession and stricter lending standards however. Many large scale companies are getting rejecting for unsecured loans that they would have qualified for five to ten years ago.
After the markets started crashing a few years ago, most people thought that asset based lending and subprime loan companies would be put out of business forever. While subprime mortgage lending took a big hit, it has been found out that asset based lending for businesses is actually making a big comeback. With credit companies refusing to issue loans to companies that they may have leant to prior to the recession, businesses have had to find a way to obtain the financing that they need. Asset based lending companies have stepped in full force and are quickly growing in popularity.
Asset loans use a company's liquid assets to determine whether or not they are going to lend to them rather than using a credit score. Credit scores are still obtained but they are not the ultimate and definitive deciding factor with asset based lending. Liquid assets can be defined as the company's equipment, accounts receivable, restaurant assets and in some cases even real estate if it is owned by the business. The business enters into a contract that uses their assets as collateral in the event that they ever default on the loan. What used to be considered subprime lending is now becoming a very popular and widely used method of obtaining loans for business owners.
There are a few downfalls to pass around to asset based lending as well. The first major downfall is that if the business defaulted on the loan, then the lender has the right to seize physical assets and future payments that are due to the company depending on what asset is being held in collateral. Second, the interest rates are often above 10%, which is typically higher than standard lending rates. And last, the lending limits may be lower than traditional lending, as most asset based lending companies will only lend an average of 60% of the value of physical and hard assets and 80% of the value of future accounts receivables. By Vanessa Sweeney”
Shaw Capital Management and Financing provide same-day-funding. We can help you meet your cashflow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full.
Shaw Capital Management and Financing offer a complete line of factoring services, purchase order funding, asset based financing, accounts receivable management, and other related financial services.
Shaw Capital Management and Financing offer funding for a wide range of industries and flexible funding requirements that most businesses can easily qualify for.
Based in Baltimore, Maryland. Importing into the tri-state area mostly from the far east such as China, Thailand, Taiwan and South Korea.
Shaw Capital Management Scam Tips | Clipmarks
For Canada, UK and beyond - On this challenging economy you are looking into new territories, markets and industry channels, some of those may be based outside the US. Unlike most purchase order financing companies, we work with businesses seeking growth in foreign markets such as Canada, Mexico UK and Asia. Whether you are looking for PO financing in Canada, purchase order financing in Mexico or PO funding throughout the EU, our international PO financing program is designed to assist your busi...
Dec 15, 2010 – The North American Securities Administrators Association management estimates that unwary investors lose billions a year to investment fraud. Self-employment scams and high-tech schemes are among investments most recently heavily promoted by online.
Shaw Capital Guide to Business Loans from Family & Friends
Shaw Capital Management and Financing – The key to successful financing is structuring loans right.
Dec 15, 2010 – The North American Securities Administrators Association management estimates that unwary investors lose billions a year to investment fraud. Self-employment scams and high-tech schemes are among investments most recently heavily promoted by online.
Shaw Capital Guide to Business Loans from Family & Friends
Shaw Capital Management and Financing – The key to successful financing is structuring loans right.
Shaw Capital Guide ‘Easy’ Cash Offers Teach Hard Lessons: Warning
Shaw Capital Management and Financing – Warning Advance-Fee Loan Scams: ‘Easy’ Cash Offers Teach Hard Lessons
Looking for a loan or credit card but don’t think you’ll qualify? Turned down by a bank because of your poor credit history?
You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, that could be a tip-off to a rip-off. If you’re asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you’re dealing with a scam artist. More than likely, you’ll get an application, or a stored value or debit card, instead of the loan or credit card.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: The Signs of an Advance-Fee Loan Scam Warning
The FTC says some red flags can tip you off to scam artists’ tricks. For example:
* A lender who isn’t interested in your credit history. A lender may offer loans or credit cards for many purposes — for example, so a borrower can start a business or consolidate bill payments. But one who doesn’t care about your credit record should give you cause for concern. Ads that say “Bad credit? No problem” or “We don’t care about your past. You deserve a loan” or “Get money fast” or even “No hassle — guaranteed” often indicate a scam.
* Banks and other legitimate lenders generally evaluate creditworthiness and confirm the information in an application before they guarantee firm offers of credit — even to creditworthy consumers.
* Fees that are not disclosed clearly or prominently. Scam lenders may say you’ve been approved for a loan, then call or email demanding a fee before you can get the money. Any up-front fee that the lender wants to collect before granting the loan is a cue to walk away, especially if you’re told it’s for “insurance,” “processing,” or just “paperwork.”
Legitimate lenders often charge application, appraisal, or credit report fees. The differences? They disclose their fees clearly and prominently; they take their fees from the amount you borrow; and the fees usually are paid to the lender or broker after the loan is approved.
It’s also a warning sign if a lender says they won’t check your credit history, yet asks for your personal information, such as your Social Security number or bank account number. They may use your information to debit your bank account to pay a fee they’re hiding.
* A loan that is offered by phone. It is illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they deliver.
* A lender who uses a copy-cat or wanna-be name. Crooks give their companies names that sound like well-known or respected organizations and create websites that look slick. Some scam artists have pretended to be the Better Business Bureau or another reputable organization, and some even produce forged paperwork or pay people to pretend to be references. Always get a company’s phone number from the phone book or directory assistance, and call to check they are who they say they are. Get a physical address, too: a company that advertises a PO Box as its address is one to check out with the appropriate authorities.
* A lender who is not registered in your state. Lenders and loan brokers are required to register in the states where they do business. To check registration, call your state Attorney General’s office or your state’s Department of Banking or Financial Regulation. Checking registration does not guarantee that you will be happy with a lender, but it helps weed out the crooks.
A lender who asks you to wire money or pay an individual. Don’t make a payment for a loan or credit card directly to an individual; legitimate lenders don’t ask anyone to do that. In addition, don’t use a wire transfer service or send money orders for a loan. You have little recourse if there’s a problem with a wire transaction, and legitimate lenders don’t pressure their customers to wire funds.
Finally, just because you’ve received a slick promotion, seen an ad for a loan in a prominent place in your neighborhood or in your newspaper, on television or on the Internet, or heard one on the radio, don’t assume it’s a good deal — or even legitimate. Scam artists like to operate on the premise of legitimacy by association, so it’s really important to do your homework.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: Finding Low-Cost Help for Credit Problems
If you have debt problems, try to solve them with your creditors as soon as you realize you won’t be able to make your payments. If you can’t resolve the problems yourself or need help to do it, you may want to contact a credit counseling service. Nonprofit organizations in every state counsel and educate people and families on debt problems, budgeting, and using credit wisely. Often, these services are low- or no-cost. Universities, military bases, credit unions, and housing authorities also may offer low- or no-cost credit counseling programs. To learn more about dealing with debt, including how to select a credit counseling service, visit ftc.gov/credit.
About Shaw Capital Management and Financings
Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies.
We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month.
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.
Looking for a loan or credit card but don’t think you’ll qualify? Turned down by a bank because of your poor credit history?
You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, that could be a tip-off to a rip-off. If you’re asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you’re dealing with a scam artist. More than likely, you’ll get an application, or a stored value or debit card, instead of the loan or credit card.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: The Signs of an Advance-Fee Loan Scam Warning
The FTC says some red flags can tip you off to scam artists’ tricks. For example:
* A lender who isn’t interested in your credit history. A lender may offer loans or credit cards for many purposes — for example, so a borrower can start a business or consolidate bill payments. But one who doesn’t care about your credit record should give you cause for concern. Ads that say “Bad credit? No problem” or “We don’t care about your past. You deserve a loan” or “Get money fast” or even “No hassle — guaranteed” often indicate a scam.
* Banks and other legitimate lenders generally evaluate creditworthiness and confirm the information in an application before they guarantee firm offers of credit — even to creditworthy consumers.
* Fees that are not disclosed clearly or prominently. Scam lenders may say you’ve been approved for a loan, then call or email demanding a fee before you can get the money. Any up-front fee that the lender wants to collect before granting the loan is a cue to walk away, especially if you’re told it’s for “insurance,” “processing,” or just “paperwork.”
Legitimate lenders often charge application, appraisal, or credit report fees. The differences? They disclose their fees clearly and prominently; they take their fees from the amount you borrow; and the fees usually are paid to the lender or broker after the loan is approved.
It’s also a warning sign if a lender says they won’t check your credit history, yet asks for your personal information, such as your Social Security number or bank account number. They may use your information to debit your bank account to pay a fee they’re hiding.
* A loan that is offered by phone. It is illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they deliver.
* A lender who uses a copy-cat or wanna-be name. Crooks give their companies names that sound like well-known or respected organizations and create websites that look slick. Some scam artists have pretended to be the Better Business Bureau or another reputable organization, and some even produce forged paperwork or pay people to pretend to be references. Always get a company’s phone number from the phone book or directory assistance, and call to check they are who they say they are. Get a physical address, too: a company that advertises a PO Box as its address is one to check out with the appropriate authorities.
* A lender who is not registered in your state. Lenders and loan brokers are required to register in the states where they do business. To check registration, call your state Attorney General’s office or your state’s Department of Banking or Financial Regulation. Checking registration does not guarantee that you will be happy with a lender, but it helps weed out the crooks.
A lender who asks you to wire money or pay an individual. Don’t make a payment for a loan or credit card directly to an individual; legitimate lenders don’t ask anyone to do that. In addition, don’t use a wire transfer service or send money orders for a loan. You have little recourse if there’s a problem with a wire transaction, and legitimate lenders don’t pressure their customers to wire funds.
Finally, just because you’ve received a slick promotion, seen an ad for a loan in a prominent place in your neighborhood or in your newspaper, on television or on the Internet, or heard one on the radio, don’t assume it’s a good deal — or even legitimate. Scam artists like to operate on the premise of legitimacy by association, so it’s really important to do your homework.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: Finding Low-Cost Help for Credit Problems
If you have debt problems, try to solve them with your creditors as soon as you realize you won’t be able to make your payments. If you can’t resolve the problems yourself or need help to do it, you may want to contact a credit counseling service. Nonprofit organizations in every state counsel and educate people and families on debt problems, budgeting, and using credit wisely. Often, these services are low- or no-cost. Universities, military bases, credit unions, and housing authorities also may offer low- or no-cost credit counseling programs. To learn more about dealing with debt, including how to select a credit counseling service, visit ftc.gov/credit.
About Shaw Capital Management and Financings
Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies.
We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month.
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.
Shaw Capital Management and Financing Carve Out Time with Accounts Receivable Factoring
Factoring your accounts receivables might be a good way for your company to free up some time and smooth out cash flows. But just a warning, depending on the factoring agreement, the factor may collect your receivables for you. Read the latest articles from Shaw Capital to avoid scam, fraud and other online transactions. This is a good warning to avoid fraudulent transactions online.
Small business owners never have enough time. There are bills to be made, products to be marketed, employees to be hired and sales to schedule. Those 24 hours each day seem to simply disappear.
Fortunately, business owners can save some time with accounts receivable factoring.
Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies.
We have no minimum or maximum monthly volume requirements.
Other factoring companies require a financial commitment for the amount of freight bills you factor each month.
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills.
Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.
Under this arrangement, owners sell their outstanding accounts receivables to an outside factoring company. The factoring company, which buys the accounts receivables at a discount from the money owed on them, and then goes about handling the messy business of actually collecting on the receivables. The business owner, meanwhile, gets a quick infusion of cash.
Now, it’s true that business owners get a bit less cash than they would have received if they would have collected the money due to them by their clients. But collecting on accounts receivable can sometimes be a lengthy ordeal. With accounts receivable factoring, business owners get their money quickly.
At the same time, they free up valuable time for themselves. Instead of tracking down late payments, business owners can participate in income-generating activities, the kind of work that keeps a small business humming along.
For instance, instead of trsacking down missing payments, business owners can develop a new marketing plan to better promote their new product line. They can draft an expansion plan that will keep their business competitive. They can schedule interviews to hire those extra employees that they need as their business grows. Or they can finally decide whether moving to a larger building makes economic sense.
Shaw Capital Management and Financing - Business owners today need two things to thrive: time and money. Factoring account receivables provides them with an extra dose of both. Those owners, who struggle to get everything done in an average day, should consider taking the accounts receivable factoring plunge: It might help them provide the extra boost that their business needs. By Nathan Franks.
Small business owners never have enough time. There are bills to be made, products to be marketed, employees to be hired and sales to schedule. Those 24 hours each day seem to simply disappear.
Fortunately, business owners can save some time with accounts receivable factoring.
Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies.
We have no minimum or maximum monthly volume requirements.
Other factoring companies require a financial commitment for the amount of freight bills you factor each month.
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills.
Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.
Under this arrangement, owners sell their outstanding accounts receivables to an outside factoring company. The factoring company, which buys the accounts receivables at a discount from the money owed on them, and then goes about handling the messy business of actually collecting on the receivables. The business owner, meanwhile, gets a quick infusion of cash.
Now, it’s true that business owners get a bit less cash than they would have received if they would have collected the money due to them by their clients. But collecting on accounts receivable can sometimes be a lengthy ordeal. With accounts receivable factoring, business owners get their money quickly.
At the same time, they free up valuable time for themselves. Instead of tracking down late payments, business owners can participate in income-generating activities, the kind of work that keeps a small business humming along.
For instance, instead of trsacking down missing payments, business owners can develop a new marketing plan to better promote their new product line. They can draft an expansion plan that will keep their business competitive. They can schedule interviews to hire those extra employees that they need as their business grows. Or they can finally decide whether moving to a larger building makes economic sense.
Shaw Capital Management and Financing - Business owners today need two things to thrive: time and money. Factoring account receivables provides them with an extra dose of both. Those owners, who struggle to get everything done in an average day, should consider taking the accounts receivable factoring plunge: It might help them provide the extra boost that their business needs. By Nathan Franks.
South Korea Political and Economic Outlook 2011 and Beyond
This hub presents the South Korea political and economic outlook for 2011 to 2015. Additionally, this presents demographic and geographical tidbits about South Korea. The main sources of information presented in this outlook and discovery were country intelligence organizations including the Economist Intelligence Unit, Country Watch, and CultureGrams, and International Futures (IFs) software created by a group headed by Dr. Barry Hughes of the University of Denver. IFs graphs included in this outlook show basic economic trends and projections to 2030 in terms of GDP per capita at year 2000 USDs purchase parity price, GDP growth rate, and percentage of GDP by industry sector.
South Korea's General Political and Economic Outlook Overview 2011-2015
According to the Economist Intelligence Unit report filed January 2011, the following are the highlights of South Korea's political and economic outlook for 2011-2015:
* The president, Lee Myung-bak, will remain in office until the next presidential election, due in late 2012. His Grand National Party (GNP) will retain its majority in parliament until the next legislative election, due in April 2012.
* The increasingly belligerent signals coming from North Korea have prompted a postponement of the planned transfer of wartime operational command of joint forces from the US to South Korea.
* The government will continue to pursue policies aimed at aiding a steady structural adjustment of the economy. These will include channelling funds into renewable energy resources and negotiating free-trade agreements.
* On December 9th the Bank of Korea (BOK, South Korea.s central bank) opted to keep its main policy interest rate, the official cash rate, unchanged at 2.5%.The bank is likely to raise rates gradually during the forecast period (2011-15).
* The Economist Intelligence Unit expects real GDP growth to average 3.9% in 2011-15. The main contributions to growth will come from private consumption and gross fixed investment.
* The current-account surplus will fall from an estimated 3.9% of GDP in 2010 to1.3% in 2015, largely in line with a narrowing of the surplus on the trade account.
Where is South Korea Located?
South Korea is located in Far East Asia on the eastern border of China. It is a peninsula with North Korea and China on the north, the Yellow Sea on the west, and across the Korea Strait from Japan on the East and South.
South Korea Political Outlook for 2011-2015
According to the Economist Intelligence Unit (EIU) report filed for January 2011, the South Korea political outlook for 2011-2015 appears mixed for President Lee Myung-bak and his ruling party, the Grand National Party. While President Myung-bak can take some credit for South Korea's economic recovery, many citizens blame him for causing heightened tensions with North Korea in 2010. Some anticipate that another downturn in the economy could spell trouble for the president's regime. Even so, his five-year term as president is not set to end until February 2013 and the next full National Assembly elections are not set to take place until April 2012.
In the meantime, EIU further reports that despite the fact that President Lee Myung-bak's GNP party holds a majority of the National Assembly seats (171 of 299), frictions within the GNP party may limit his ability to pass meaningful policymaking. The biggest obstacle to the president's agenda will come from Park Geun-hye, Mr. Lee Myung-bak's chief political rival in the GNP, who seems to oppose much of the president's policies. Due to her persistent opposition, at least some fear Park Geun-hye could decide to form a new party from 60 GNP members and other lawmakers which would ultimately deprive the ruling party of its majority in the National Assembly.
Even though such a challenge to the president is a very distinct possibility, the EIU team of experts reported that South Korea's political scene is more stable than it appears and believes a compromise will eventually be worked out between Park Geun-hye and President Lee Myung-bak. This compromise will be more for a case of political pragmatism than ideological integration as neither would want to see the GNP lose power to the main opposition Democratic Party (DP).
Still, this does not mean the South Korea political scene will be devoid of drama running up to the parlimentary elections in April 2012 and the presidential election in December 2012. While Lee Myung-bak is expected to complete his full-term, South Korean presidents are limited to one five-year term and it is not yet known who will emerge as the presumptive nominees of the GNP or main rival DP. For this reason it is anticipated that the run-up to the two national elections will dominate politics in 2011-2012 and that both main parties will be locked in fierce internal battles for their presidential nominations. EIU reports that neither the GNP or DP has a clear front-runner and both face the possibility that factions could break off to form new alternative political parties. Possible successors within the GNP include Park Geun-hye, business tycoon Chung Mong-joon, and current mayor of Seoul Oh Se-hoon. Names mentioned as potential contenders from within the Democratic Party include former candidate Chung Dong-young and DPs new and more moderate leader Sohn Moo-yun.
Source: Projected Growth Rate to 2030
Source: Projected GDP per capita to 2030
Source: Projected GDP by Sector
South Korea Economic Outlook for 2011-2015
According to The Economist Intelligence Unit (EIU), South Korea economic outlook will remain positive and relatively stable for 2011-2015. From their research EIU experts anticipate South Korea's GDP will rise an estimated 3.8 to 4.1 percent annually throughout the five year forecast period.
These modest rises in GDP follow a better than anticipated year of recovery in 2010, but fall well short of rates before the 1997-98 Asia crisis and the unusually gains in 2008-09. EIU projects growth in 2011 to be driven by recovering consumption and investment.
However, growth rates could be held in check by a loss of relative wealth among residents in developed markets around the world which could prevent a strong rebound of export prospects in those markets.
If demand for South Korean products abroad remains subdued, this could exert downward pressure on the relative wealth within the country and consequently dampen domestic demand and the economic recovery. According to EIU experts, such a scenario could mean South Korea's economic trajectory will be less smooth than anticipated.
In the meantime, the government will continue to pursue business-friendly policies for the forecast period of 2011-2015. Even though he faces oppoisition to his policies, president Lee Myungbak is expected to keep the short-term focus on continuing to apply fiscal stimulus measures in order to support the local economy amid uncertainty in the wider global economic outlook. Similar measures seemed to propel South Korea's domestic economy into a higher than anticipated recovery in 2010. While some economics sources forecasted GDP growth of less than 1%, EIU reports a GDP bump of 6.1% for 2010.
Bar graphs pictured above of this hub project a more long-term (2010-2030) outlook of South Korea's economic future including projections for GDP per capita at purchase parity price in year 2000 U.S. Dollars; GDP growth rate; and Growth rates by industry sectors. The graphs were constructed using International Futures (IFs) software. IFs software has been assembled through careful integration of intelligence information from multiple economic intelligence sources from around the world. The forecasts made by the software are based on causal analysis of observed trends.
Further examination of the IFs projections to 2030 shown above shows that the South Korean economy is dominated by the Agriculture, Manufacturing, and Services sectors. Moreover, the projections seem to indicate that all factors remaining equal the Manufacturing sector will play a much bigger role in South Korea's future, the Services sector will remain relatively stable, and the Agriculture sector will diminish by a significant margin.
South Korea's General Political and Economic Outlook Overview 2011-2015
According to the Economist Intelligence Unit report filed January 2011, the following are the highlights of South Korea's political and economic outlook for 2011-2015:
* The president, Lee Myung-bak, will remain in office until the next presidential election, due in late 2012. His Grand National Party (GNP) will retain its majority in parliament until the next legislative election, due in April 2012.
* The increasingly belligerent signals coming from North Korea have prompted a postponement of the planned transfer of wartime operational command of joint forces from the US to South Korea.
* The government will continue to pursue policies aimed at aiding a steady structural adjustment of the economy. These will include channelling funds into renewable energy resources and negotiating free-trade agreements.
* On December 9th the Bank of Korea (BOK, South Korea.s central bank) opted to keep its main policy interest rate, the official cash rate, unchanged at 2.5%.The bank is likely to raise rates gradually during the forecast period (2011-15).
* The Economist Intelligence Unit expects real GDP growth to average 3.9% in 2011-15. The main contributions to growth will come from private consumption and gross fixed investment.
* The current-account surplus will fall from an estimated 3.9% of GDP in 2010 to1.3% in 2015, largely in line with a narrowing of the surplus on the trade account.
Where is South Korea Located?
South Korea is located in Far East Asia on the eastern border of China. It is a peninsula with North Korea and China on the north, the Yellow Sea on the west, and across the Korea Strait from Japan on the East and South.
South Korea Political Outlook for 2011-2015
According to the Economist Intelligence Unit (EIU) report filed for January 2011, the South Korea political outlook for 2011-2015 appears mixed for President Lee Myung-bak and his ruling party, the Grand National Party. While President Myung-bak can take some credit for South Korea's economic recovery, many citizens blame him for causing heightened tensions with North Korea in 2010. Some anticipate that another downturn in the economy could spell trouble for the president's regime. Even so, his five-year term as president is not set to end until February 2013 and the next full National Assembly elections are not set to take place until April 2012.
In the meantime, EIU further reports that despite the fact that President Lee Myung-bak's GNP party holds a majority of the National Assembly seats (171 of 299), frictions within the GNP party may limit his ability to pass meaningful policymaking. The biggest obstacle to the president's agenda will come from Park Geun-hye, Mr. Lee Myung-bak's chief political rival in the GNP, who seems to oppose much of the president's policies. Due to her persistent opposition, at least some fear Park Geun-hye could decide to form a new party from 60 GNP members and other lawmakers which would ultimately deprive the ruling party of its majority in the National Assembly.
Even though such a challenge to the president is a very distinct possibility, the EIU team of experts reported that South Korea's political scene is more stable than it appears and believes a compromise will eventually be worked out between Park Geun-hye and President Lee Myung-bak. This compromise will be more for a case of political pragmatism than ideological integration as neither would want to see the GNP lose power to the main opposition Democratic Party (DP).
Still, this does not mean the South Korea political scene will be devoid of drama running up to the parlimentary elections in April 2012 and the presidential election in December 2012. While Lee Myung-bak is expected to complete his full-term, South Korean presidents are limited to one five-year term and it is not yet known who will emerge as the presumptive nominees of the GNP or main rival DP. For this reason it is anticipated that the run-up to the two national elections will dominate politics in 2011-2012 and that both main parties will be locked in fierce internal battles for their presidential nominations. EIU reports that neither the GNP or DP has a clear front-runner and both face the possibility that factions could break off to form new alternative political parties. Possible successors within the GNP include Park Geun-hye, business tycoon Chung Mong-joon, and current mayor of Seoul Oh Se-hoon. Names mentioned as potential contenders from within the Democratic Party include former candidate Chung Dong-young and DPs new and more moderate leader Sohn Moo-yun.
Source: Projected Growth Rate to 2030
Source: Projected GDP per capita to 2030
Source: Projected GDP by Sector
South Korea Economic Outlook for 2011-2015
According to The Economist Intelligence Unit (EIU), South Korea economic outlook will remain positive and relatively stable for 2011-2015. From their research EIU experts anticipate South Korea's GDP will rise an estimated 3.8 to 4.1 percent annually throughout the five year forecast period.
These modest rises in GDP follow a better than anticipated year of recovery in 2010, but fall well short of rates before the 1997-98 Asia crisis and the unusually gains in 2008-09. EIU projects growth in 2011 to be driven by recovering consumption and investment.
However, growth rates could be held in check by a loss of relative wealth among residents in developed markets around the world which could prevent a strong rebound of export prospects in those markets.
If demand for South Korean products abroad remains subdued, this could exert downward pressure on the relative wealth within the country and consequently dampen domestic demand and the economic recovery. According to EIU experts, such a scenario could mean South Korea's economic trajectory will be less smooth than anticipated.
In the meantime, the government will continue to pursue business-friendly policies for the forecast period of 2011-2015. Even though he faces oppoisition to his policies, president Lee Myungbak is expected to keep the short-term focus on continuing to apply fiscal stimulus measures in order to support the local economy amid uncertainty in the wider global economic outlook. Similar measures seemed to propel South Korea's domestic economy into a higher than anticipated recovery in 2010. While some economics sources forecasted GDP growth of less than 1%, EIU reports a GDP bump of 6.1% for 2010.
Bar graphs pictured above of this hub project a more long-term (2010-2030) outlook of South Korea's economic future including projections for GDP per capita at purchase parity price in year 2000 U.S. Dollars; GDP growth rate; and Growth rates by industry sectors. The graphs were constructed using International Futures (IFs) software. IFs software has been assembled through careful integration of intelligence information from multiple economic intelligence sources from around the world. The forecasts made by the software are based on causal analysis of observed trends.
Further examination of the IFs projections to 2030 shown above shows that the South Korean economy is dominated by the Agriculture, Manufacturing, and Services sectors. Moreover, the projections seem to indicate that all factors remaining equal the Manufacturing sector will play a much bigger role in South Korea's future, the Services sector will remain relatively stable, and the Agriculture sector will diminish by a significant margin.
Tuesday, February 15, 2011
Shaw Capital Management August Newsletter: Financial Markets Focusing Europe
(1888PressRelease) February 03, 2011 - The big fall in the euro in recent months is clearly having a significant impact on the performance of the euro-zone economy.
Shaw Capital Management, Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.
Factory output expanded at a record pace in April, helped by investment spending associated with the export effort, and overseas demand for European capital equipment, and the trend appears to be continuing. The major beneficiary has been Germany, but other northern member countries are also involved.
However the situation is much less encouraging in Greece, Spain, and Portugal, because they are less competitive in export markets, and are being forced to introduce austerity measures to reduce their fiscal deficits.
Domestic demand across the entire euro-zone remains weak, and so, despite the export performance of some member countries, it seems unlikely that the overall growth rate for the zone this year will reach 2%. The European Central Bank remains reasonably optimistic about prospects; but fortunately it has not moved towards an "exit strategy" that might involve reversing the measures that were introduced to counter the recession.
Short-term interest rates have been left unchanged and close to zero, the programme to provide unlimited three-month loans to the banking system is continuing, and the bank is also still intervening in the markets to buy the bonds of weaker member countries that had been sold heavily because of fears about debt defaults. The bank is therefore continuing to provide support for the system; but it is not really doing enough to offset the concerns about the debt crisis.
Greece remains in the eye of the storm; but there have been increasing concerns about the situation in Spain; and the situation has been made worse by the latest warning from the Fitch Ratings agency that it may take further massive asset purchases by the European Central Bank to prevent the sovereign debt crisis in the area escalating out of control.
Shaw Capital Management August 2010: Financial Markets Focusing Europe - There are fears that Spain will need to follow Greece in requesting help from other member countries and the IMF to enable it to avoid a default, and that Portugal, and perhaps even Italy, may also need to be rescued.
The pressures on the euro will therefore be intense; and whilst there may well be further support from the Swiss National Bank and others, the future of the single currency system clearly remains very uncertain. The latest modest rally in the euro must therefore be treated with great care.
Sterling has recovered from the weakness that developed in May, and is ending the month higher. The economic background in the UK has not provided any real support, and the Bank of England is clearly intending to maintain short-term interest rates at very low levels; but there has been some movement of funds out of the euro into sterling, and the new coalition government in the UK has introduced measures to reduce the massive fiscal deficit that have been well received in the markets and led to an improvement in sentiment.
There is clearly a risk that these latest measures in the Budget will depress the level of activity still further, and fail to solve the fiscal problems; but for the moment it seems that the new government is being given the benefit of the doubt.
The evidence on the performance of the economy ahead of the Budget announcement was still pointing to a very slow recovery in activity.
The manufacturing sector is reasonably buoyant, with exports expanding rapidly; and retail sales also increased more quickly than expected.
But unemployment rose again to 2.47 million, and the latest survey from the CBI indicated that the value and volume of business in the services sector fell, and that further weakness was expected in the second half of the year.
However the situation has obviously been changed significantly by the latest Budget measures, and the latest estimates from the newly-formed Office for Budget Responsibility are that growth will now only be 1.2% this year, rising to 2.3% next year, and improving slightly in succeeding years.
The Bank of England has welcomed the decision by the new government to introduce measures to address the problems created by the huge fiscal deficit. The governor, Mervyn King, argued recently that they would "eliminate some of the downside risks…and are desirable to remove the risk of an adverse market reaction."
Shaw Capital Management, Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.
Factory output expanded at a record pace in April, helped by investment spending associated with the export effort, and overseas demand for European capital equipment, and the trend appears to be continuing. The major beneficiary has been Germany, but other northern member countries are also involved.
However the situation is much less encouraging in Greece, Spain, and Portugal, because they are less competitive in export markets, and are being forced to introduce austerity measures to reduce their fiscal deficits.
Domestic demand across the entire euro-zone remains weak, and so, despite the export performance of some member countries, it seems unlikely that the overall growth rate for the zone this year will reach 2%. The European Central Bank remains reasonably optimistic about prospects; but fortunately it has not moved towards an "exit strategy" that might involve reversing the measures that were introduced to counter the recession.
Short-term interest rates have been left unchanged and close to zero, the programme to provide unlimited three-month loans to the banking system is continuing, and the bank is also still intervening in the markets to buy the bonds of weaker member countries that had been sold heavily because of fears about debt defaults. The bank is therefore continuing to provide support for the system; but it is not really doing enough to offset the concerns about the debt crisis.
Greece remains in the eye of the storm; but there have been increasing concerns about the situation in Spain; and the situation has been made worse by the latest warning from the Fitch Ratings agency that it may take further massive asset purchases by the European Central Bank to prevent the sovereign debt crisis in the area escalating out of control.
Shaw Capital Management August 2010: Financial Markets Focusing Europe - There are fears that Spain will need to follow Greece in requesting help from other member countries and the IMF to enable it to avoid a default, and that Portugal, and perhaps even Italy, may also need to be rescued.
The pressures on the euro will therefore be intense; and whilst there may well be further support from the Swiss National Bank and others, the future of the single currency system clearly remains very uncertain. The latest modest rally in the euro must therefore be treated with great care.
Sterling has recovered from the weakness that developed in May, and is ending the month higher. The economic background in the UK has not provided any real support, and the Bank of England is clearly intending to maintain short-term interest rates at very low levels; but there has been some movement of funds out of the euro into sterling, and the new coalition government in the UK has introduced measures to reduce the massive fiscal deficit that have been well received in the markets and led to an improvement in sentiment.
There is clearly a risk that these latest measures in the Budget will depress the level of activity still further, and fail to solve the fiscal problems; but for the moment it seems that the new government is being given the benefit of the doubt.
The evidence on the performance of the economy ahead of the Budget announcement was still pointing to a very slow recovery in activity.
The manufacturing sector is reasonably buoyant, with exports expanding rapidly; and retail sales also increased more quickly than expected.
But unemployment rose again to 2.47 million, and the latest survey from the CBI indicated that the value and volume of business in the services sector fell, and that further weakness was expected in the second half of the year.
However the situation has obviously been changed significantly by the latest Budget measures, and the latest estimates from the newly-formed Office for Budget Responsibility are that growth will now only be 1.2% this year, rising to 2.3% next year, and improving slightly in succeeding years.
The Bank of England has welcomed the decision by the new government to introduce measures to address the problems created by the huge fiscal deficit. The governor, Mervyn King, argued recently that they would "eliminate some of the downside risks…and are desirable to remove the risk of an adverse market reaction."
Shah Capital
Our Vision
As a result of helping our clients exceed their financial objectives, we aim to be viewed as one of the most successful and respected investment firms in the industry.
Core Values
To our clients:
Attain long-term superior investment returns through a pragmatic and disciplined investment philosophy combined with unparalleled client service.
To our employees:
Provide a healthy, enjoyable work environment and respect for their family lives.
To our profession:
Adhere to our Code of Ethics and our Standards of Professional Conduct.
To our community and society:
Commitment to give a percentage of our net profit and our time for the betterment of our community and society
As a result of helping our clients exceed their financial objectives, we aim to be viewed as one of the most successful and respected investment firms in the industry.
Core Values
To our clients:
Attain long-term superior investment returns through a pragmatic and disciplined investment philosophy combined with unparalleled client service.
To our employees:
Provide a healthy, enjoyable work environment and respect for their family lives.
To our profession:
Adhere to our Code of Ethics and our Standards of Professional Conduct.
To our community and society:
Commitment to give a percentage of our net profit and our time for the betterment of our community and society
Shaw warns FSA stance on mutuals could force mergers - New Model Adviser® Edition - Citywire
Martin Shaw, chief executive of the Association of Financial Mutuals has warned that the Financial Services Authority's stance on friendly society's use of with-profits funds will force societies to merge or demutualise in order to survive.
The FSA has sent a 'dear CEO' letter to friendly societies repeating its warning that with-profits funds cannot be used as capital.
The regulator has sent the letter following its 'Project Chrysalis' investigation into the liquidity of mutuals, following a similar letter in October last year.
Shaw (pictured) said the FSA's stance represented a 'fundamental challenge' to the business model of mutuals.
'I received a letter from the FSA...that essentially risks undermining the whole business model of our membership by saying that a with-profits policy fund that has built over a 100 years may need to be disposed of in the next ten years,' he said.
'Where you are using that as your only form of capital...that is a fundamental challenge to your business,' he said. 'The reality is that friendly societies do use it [with-profit funds] for new business but they pay it back.'
Shaw said the FSA wanted friendly societies to prove what portion of with-profits funds belonged to members and what was capital.
He added that friendly societies would have to merge, demutualise or find a new source of capital in order to survive under the FSA's requirements.
Gareth Thomas, Labour MP for Harrow West said he was deeply disturbed by the FSA's letter. 'What we have just heard about the letter from the FSA to friendly societies is deeply disturbing,' he said.
'What has gone wrong in terms of the way the sector is being regulated is the lack of understanding from the FSA and within the Treasury which is allowing this situation to develop,' he added.
The FSA has sent a 'dear CEO' letter to friendly societies repeating its warning that with-profits funds cannot be used as capital.
The regulator has sent the letter following its 'Project Chrysalis' investigation into the liquidity of mutuals, following a similar letter in October last year.
Shaw (pictured) said the FSA's stance represented a 'fundamental challenge' to the business model of mutuals.
'I received a letter from the FSA...that essentially risks undermining the whole business model of our membership by saying that a with-profits policy fund that has built over a 100 years may need to be disposed of in the next ten years,' he said.
'Where you are using that as your only form of capital...that is a fundamental challenge to your business,' he said. 'The reality is that friendly societies do use it [with-profit funds] for new business but they pay it back.'
Shaw said the FSA wanted friendly societies to prove what portion of with-profits funds belonged to members and what was capital.
He added that friendly societies would have to merge, demutualise or find a new source of capital in order to survive under the FSA's requirements.
Gareth Thomas, Labour MP for Harrow West said he was deeply disturbed by the FSA's letter. 'What we have just heard about the letter from the FSA to friendly societies is deeply disturbing,' he said.
'What has gone wrong in terms of the way the sector is being regulated is the lack of understanding from the FSA and within the Treasury which is allowing this situation to develop,' he added.
The D. E. Shaw group | Who We Are
The D. E. Shaw group is a global investment and technology development firm with more than 1,300 employees; approximately $19 billion in investment capital as of January 1, 2011; and offices in North America, Europe, the Middle East, and Asia. Since its organization in 1988, the firm has earned an international reputation for financial innovation, technological leadership, and an extraordinarily distinguished staff.
The firm has a significant presence in many of the world's capital markets, investing in a wide range of companies and financial instruments within both the major industrialized nations and a number of emerging markets. Its activities range from the deployment of investment strategies based on either mathematical models or human expertise to the acquisition of existing companies and the financing or development of new ones.
The firm has a significant presence in many of the world's capital markets, investing in a wide range of companies and financial instruments within both the major industrialized nations and a number of emerging markets. Its activities range from the deployment of investment strategies based on either mathematical models or human expertise to the acquisition of existing companies and the financing or development of new ones.
IFAs in move to meet FSA deadline. - Money Management | HighBeam Research - FREE trial
Byline: Paul Miller
Sales of pension switching advice software increases following review
Providers of pension advice software have seen increases in demand for their products in 2009 in response to the FSA's review of pension switching.
This news follows on the heels of the FSA's December 2008 report 'Quality of advice on pension switching'. To re-enforce this report - following written communication and support workshops - the authority proposed to review a number of firms to ensure that any pension switches being recommended were compliant with their regulations.
O&M Systems, which markets Pensions Profiler, a program that assists advisers …
Sales of pension switching advice software increases following review
Providers of pension advice software have seen increases in demand for their products in 2009 in response to the FSA's review of pension switching.
This news follows on the heels of the FSA's December 2008 report 'Quality of advice on pension switching'. To re-enforce this report - following written communication and support workshops - the authority proposed to review a number of firms to ensure that any pension switches being recommended were compliant with their regulations.
O&M Systems, which markets Pensions Profiler, a program that assists advisers …
IFAs in move to meet FSA deadline. - Money Management | HighBeam Research - FREE trial
Byline: Paul Miller
Sales of pension switching advice software increases following review
Providers of pension advice software have seen increases in demand for their products in 2009 in response to the FSA's review of pension switching.
This news follows on the heels of the FSA's December 2008 report 'Quality of advice on pension switching'. To re-enforce this report - following written communication and support workshops - the authority proposed to review a number of firms to ensure that any pension switches being recommended were compliant with their regulations.
O&M Systems, which markets Pensions Profiler, a program that assists advisers …
Sales of pension switching advice software increases following review
Providers of pension advice software have seen increases in demand for their products in 2009 in response to the FSA's review of pension switching.
This news follows on the heels of the FSA's December 2008 report 'Quality of advice on pension switching'. To re-enforce this report - following written communication and support workshops - the authority proposed to review a number of firms to ensure that any pension switches being recommended were compliant with their regulations.
O&M Systems, which markets Pensions Profiler, a program that assists advisers …
Mutuals warn of legal action against FSA over with-profits funds - Citywire
The Association of Financial Mutuals (AFM) has warned the Financial Services Authority’s (FSA) stance on friendly societies' use of with-profits funds as capital could trigger a legal challenge.
The FSA has written to the chief executives of mutuals telling them they must wind up with-profits funds if they are no longer writing new business.
In its ‘Dear CEO’ letter, the regulator said it was concerned that the capital of closed with-profits funds would not be shared with the dwindling number of policy holders despite the fact that as members, they are owners.
FSA head of supervision Jon Pain said in the letter that with-profits funds run by mutual societies belong predominantly to members.
But mutual societies have argued that with-profits funds, which are used as working capital, do not solely belong to the policy holders.
AFM chief executive Martin Shaw (pictured) warned that this could be ‘catastrophic’ for mutuals adding that the FSA’s interpretation of the law could be challenged through a judicial review.
‘We feel that the general position adopted by the FSA is wrong,’ said Shaw. ‘The options are still open for individual firms to launch a judicial review against the FSA…it is not a route firms will go down lightly.’
‘Our argument is that it is not your reasonable expectation [as a policy holder] that all of the capital that has built up in [an] organisation over 200 years should suddenly be shared out to you and the other people who happen to have a policy today,’ said Shaw.
He added that mutual societies would be forced to merge or demutualise in order to survive due to the FSA’s stance.
Gareth Thomas MP said he was deeply disturbed by Pain’s letter. ‘What has gone wrong in terms of the way the sector is being regulated is the lack of understanding from the FSA and within the Treasury,’ he said.
Pain pointed in the letter to the statement made by then minister for corporate affairs Jonathan Evans MP in 1995 who had argued for with-profits funds to employ a 90/10 split in favour of policy holders over shareholders.
But Evans criticised Pain over the ‘selective’ use of his statement and said it did not apply to mutuals. ‘We were setting out the fact we had a shareholder interest on one side and the policy holder interest on the other, while when you are dealing with a mutual you have got…members who are also the policy holders,’ said Evans, Conservative MP for Cardiff North.
The FSA has written to the chief executives of mutuals telling them they must wind up with-profits funds if they are no longer writing new business.
In its ‘Dear CEO’ letter, the regulator said it was concerned that the capital of closed with-profits funds would not be shared with the dwindling number of policy holders despite the fact that as members, they are owners.
FSA head of supervision Jon Pain said in the letter that with-profits funds run by mutual societies belong predominantly to members.
But mutual societies have argued that with-profits funds, which are used as working capital, do not solely belong to the policy holders.
AFM chief executive Martin Shaw (pictured) warned that this could be ‘catastrophic’ for mutuals adding that the FSA’s interpretation of the law could be challenged through a judicial review.
‘We feel that the general position adopted by the FSA is wrong,’ said Shaw. ‘The options are still open for individual firms to launch a judicial review against the FSA…it is not a route firms will go down lightly.’
‘Our argument is that it is not your reasonable expectation [as a policy holder] that all of the capital that has built up in [an] organisation over 200 years should suddenly be shared out to you and the other people who happen to have a policy today,’ said Shaw.
He added that mutual societies would be forced to merge or demutualise in order to survive due to the FSA’s stance.
Gareth Thomas MP said he was deeply disturbed by Pain’s letter. ‘What has gone wrong in terms of the way the sector is being regulated is the lack of understanding from the FSA and within the Treasury,’ he said.
Pain pointed in the letter to the statement made by then minister for corporate affairs Jonathan Evans MP in 1995 who had argued for with-profits funds to employ a 90/10 split in favour of policy holders over shareholders.
But Evans criticised Pain over the ‘selective’ use of his statement and said it did not apply to mutuals. ‘We were setting out the fact we had a shareholder interest on one side and the policy holder interest on the other, while when you are dealing with a mutual you have got…members who are also the policy holders,’ said Evans, Conservative MP for Cardiff North.
Shaw Capital Management: South Koreas Economy
South Koreas output is continuing to accelerate, and the government
needs to exit from its accommodative economic policies earlier than anticipated. The HSBC Koreas purchasing managers index (PMI) rose from 55.6 in January to 58.2 in February the highest since December 2007. New orders are coming in, and there are rising backlogs of unfulfilled orders.
Shaw Capital Management: South Koreas Economy - Employment too is rising suggesting that the current pace of growth will be sustained for the next several months. Inflation paced a little with consumer prices up 3.1% in January from a year earlier. But inflation in Korea is likely to remain stable for some months.
The central bank is expected to tighten its monetary policy by starting to raise interest rates from the current record low of 2% in the later part of the second quarter as the government retains its focus on job creation and growth.
Shaw Capital Management: South Koreas Economy - Exports expanded 31% year on year, better than Reuters forecast of 22.7%. South Korea posted a much larger-than-expected
trade surplus of $2.33 billion in February as ship deliveries boosted exports, while imports fell as holidays reduced crude oil and natural gas demand.
The government expects a monthly trade surplus of more than $1 billion from March as demand improves. The current-account surplus is most likely to dwindle to around $17 billion this year from $42.7 billion in 2009 as imports rise. A new Bank of Korea governor, widely expected to be a more pro-government figure, will not rush to raise rates after taking office
in April.
Exports grew 31% from a year earlier to $33.27 billion, faster than the expected rise of 21%, while imports climbed 36.9% to $30.94 billion, exceeding a forecast of an expansion of 34.0%.
South Korea, which is heading the G20 group of leading economies wants to leave an imprint of its presidency.
Shaw Capital Management: South Koreas Economy - It is trying to introduce a system of international currency swaps which it hopes will reduce global imbalances by lessening the need for countries to accumulate reserves, seen as one of the causes of last years financial and
economic crisis.
Shaw Capital Management - Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor. Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.
Before Shaw Capital launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).
Today, virtually all investors faced with the challenge of managing a significant pool of capital can access open architecture advice.
A true open architecture firm is completely independent of the rest of the financial services industry and accepts compensation only from its clients.
In addition, open architecture firms must make the financial commitment to hire only the most experienced advisors, and those advisors must apply their experience to the issues that will most affect their clients' wealth.
Matters like asset allocation and manager search are simply too important to be left in the hands of young analysts.
We are proud of our role in leading the open architecture revolution, and look forward to introducing you to its benefits.
needs to exit from its accommodative economic policies earlier than anticipated. The HSBC Koreas purchasing managers index (PMI) rose from 55.6 in January to 58.2 in February the highest since December 2007. New orders are coming in, and there are rising backlogs of unfulfilled orders.
Shaw Capital Management: South Koreas Economy - Employment too is rising suggesting that the current pace of growth will be sustained for the next several months. Inflation paced a little with consumer prices up 3.1% in January from a year earlier. But inflation in Korea is likely to remain stable for some months.
The central bank is expected to tighten its monetary policy by starting to raise interest rates from the current record low of 2% in the later part of the second quarter as the government retains its focus on job creation and growth.
Shaw Capital Management: South Koreas Economy - Exports expanded 31% year on year, better than Reuters forecast of 22.7%. South Korea posted a much larger-than-expected
trade surplus of $2.33 billion in February as ship deliveries boosted exports, while imports fell as holidays reduced crude oil and natural gas demand.
The government expects a monthly trade surplus of more than $1 billion from March as demand improves. The current-account surplus is most likely to dwindle to around $17 billion this year from $42.7 billion in 2009 as imports rise. A new Bank of Korea governor, widely expected to be a more pro-government figure, will not rush to raise rates after taking office
in April.
Exports grew 31% from a year earlier to $33.27 billion, faster than the expected rise of 21%, while imports climbed 36.9% to $30.94 billion, exceeding a forecast of an expansion of 34.0%.
South Korea, which is heading the G20 group of leading economies wants to leave an imprint of its presidency.
Shaw Capital Management: South Koreas Economy - It is trying to introduce a system of international currency swaps which it hopes will reduce global imbalances by lessening the need for countries to accumulate reserves, seen as one of the causes of last years financial and
economic crisis.
Shaw Capital Management - Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor. Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.
Before Shaw Capital launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).
Today, virtually all investors faced with the challenge of managing a significant pool of capital can access open architecture advice.
A true open architecture firm is completely independent of the rest of the financial services industry and accepts compensation only from its clients.
In addition, open architecture firms must make the financial commitment to hire only the most experienced advisors, and those advisors must apply their experience to the issues that will most affect their clients' wealth.
Matters like asset allocation and manager search are simply too important to be left in the hands of young analysts.
We are proud of our role in leading the open architecture revolution, and look forward to introducing you to its benefits.
Shaw Capital Management February Newsletter: Government bond Markets 3 of 3
Shaw Capital Management Korea February Newsletter: Article three of three - The markets are assuming that the more powerful members of the eurozone will support the weaker members in order to prevent defaults that might threaten the single currency structure; but the yield spreads have widened considerably to reflect the increased risks. Our tentative view is that the markets will “muddle through”, and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. The gilt edged market has also come under pressure over the past month; short-term yields have remained basically unchanged, but there have been increases in medium and longer-term yields that has produced a much steeper yield curve.
Shaw Capital Management Korea February Newsletter: Article three of three - There has been evidence of a modest improvement in the economic background; and the Bank of England is proving to be a stabilising influence at a difficult time; but a very disappointing Pre-Budget Report has indicated that there will be no attempt to address the problems of the huge fiscal deficit until after the election. Our tentative view is that the markets will “muddle through”, and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. Funding pressures will therefore continued to increase; and so, although there does not appear to be any real danger that the UK might join the list of countries that could default on their sovereign debts, annual debt issues in excess of £200 billion cannot continue for long if this is to be avoided. It is no surprise therefore that investors have reacted by reducing their exposure to the market.
Shaw Capital Management Korea February Newsletter: Article three of three - There is still some doubt whether the UK economy has moved out of recession. The pace of contraction in the third quarter of the year has been slightly reduced, and since then the pace of job losses has declined, and consumer spending has held up fairly well. But business investment and manufacturing activity remains weak, and so there may have been no overall improvement in the final quarter of last year. The Bank of England has therefore kept short-term interest rates at 0.5%, and maintained its quantitative easing programme, and this has provided support for the market, since the bank has been a major buyer of gilts in recent months.
Shaw Capital Management Korea February Newsletter: Article three of three - However it has not been enough to prevent a very adverse reaction to the Pre-Budget Report from the UK Chancellor. The market did not really expect any significant action on the deficit ahead of the forth-coming general election; but was still surprised by the apparent lack of realism. The government is prepared to allow the deficit to continue to accumulate, and is relying on the gilt edged market to provide the funds to finance that deficit in the hope that this will enable it to win the election, and has produced no real indications of how the deficit might be reduced even after the election is over. It is not surprising therefore that investors have reacted by reducing exposure, that 10-year yields have risen to 4% and longer-term yields to 4.5%, and that there are even suggestions that the country could face a capital flight and a full-blown debt crisis in the coming months. We do not share these extreme views; but clearly the prospects for the market are very unattractive, and higher yields appear unavoidable. Investors have reacted by reducing exposure... and there are even suggestions that the country could face a capital flight and a fullblown debt crisis in the coming months.
Shaw Capital Management Korea February Newsletter: Article three of three - The Japanese bond market is basically unchanged over the past month; but there are fears that present yield levels are unsustainable. A sharp reduction in the growth estimate for the third quarter of last year, and weaknesses since then have raised the possibility of a move back into recession and a further period of deflation. The government has reacted by launching its fourth fiscal rescue package since the economic crisis began last year. It amounts to the equivalent of a further $81 billion to be spent in the regions and on subsidies for consumer durables, and is expected to lift the debt issuance this year to a record $835 billion, despite the indications that bond investors may be becoming increasingly unwilling to finance such a high level of new bonds, and the warning from the IMF that the government is risking a significant increase in debt funding costs. Since overseas involvement in the bond market is at a very low level, such a development is unlikely to affect bond markets elsewhere directly; but it could be a warning to other countries of the dangers of placing too much pressure on their own markets.
Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management based in Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.
Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.
Shaw Capital Management Korea February Newsletter: Article three of three - There has been evidence of a modest improvement in the economic background; and the Bank of England is proving to be a stabilising influence at a difficult time; but a very disappointing Pre-Budget Report has indicated that there will be no attempt to address the problems of the huge fiscal deficit until after the election. Our tentative view is that the markets will “muddle through”, and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. Funding pressures will therefore continued to increase; and so, although there does not appear to be any real danger that the UK might join the list of countries that could default on their sovereign debts, annual debt issues in excess of £200 billion cannot continue for long if this is to be avoided. It is no surprise therefore that investors have reacted by reducing their exposure to the market.
Shaw Capital Management Korea February Newsletter: Article three of three - There is still some doubt whether the UK economy has moved out of recession. The pace of contraction in the third quarter of the year has been slightly reduced, and since then the pace of job losses has declined, and consumer spending has held up fairly well. But business investment and manufacturing activity remains weak, and so there may have been no overall improvement in the final quarter of last year. The Bank of England has therefore kept short-term interest rates at 0.5%, and maintained its quantitative easing programme, and this has provided support for the market, since the bank has been a major buyer of gilts in recent months.
Shaw Capital Management Korea February Newsletter: Article three of three - However it has not been enough to prevent a very adverse reaction to the Pre-Budget Report from the UK Chancellor. The market did not really expect any significant action on the deficit ahead of the forth-coming general election; but was still surprised by the apparent lack of realism. The government is prepared to allow the deficit to continue to accumulate, and is relying on the gilt edged market to provide the funds to finance that deficit in the hope that this will enable it to win the election, and has produced no real indications of how the deficit might be reduced even after the election is over. It is not surprising therefore that investors have reacted by reducing exposure, that 10-year yields have risen to 4% and longer-term yields to 4.5%, and that there are even suggestions that the country could face a capital flight and a full-blown debt crisis in the coming months. We do not share these extreme views; but clearly the prospects for the market are very unattractive, and higher yields appear unavoidable. Investors have reacted by reducing exposure... and there are even suggestions that the country could face a capital flight and a fullblown debt crisis in the coming months.
Shaw Capital Management Korea February Newsletter: Article three of three - The Japanese bond market is basically unchanged over the past month; but there are fears that present yield levels are unsustainable. A sharp reduction in the growth estimate for the third quarter of last year, and weaknesses since then have raised the possibility of a move back into recession and a further period of deflation. The government has reacted by launching its fourth fiscal rescue package since the economic crisis began last year. It amounts to the equivalent of a further $81 billion to be spent in the regions and on subsidies for consumer durables, and is expected to lift the debt issuance this year to a record $835 billion, despite the indications that bond investors may be becoming increasingly unwilling to finance such a high level of new bonds, and the warning from the IMF that the government is risking a significant increase in debt funding costs. Since overseas involvement in the bond market is at a very low level, such a development is unlikely to affect bond markets elsewhere directly; but it could be a warning to other countries of the dangers of placing too much pressure on their own markets.
Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management based in Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.
Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.
Shaw Capital Management February Newsletter: Government bond Markets 3 of 3 | Clipmarks
Shaw Capital Management Korea February Newsletter: Article three of three - The markets are assuming that the more powerful members of the eurozone will support the weaker members in order to prevent defaults that might threaten the single currency structure; but the yield spreads have widened considerably to reflect the increased risks. Our tentative view is that the markets will “muddle through”, and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. The gilt edged market has also come under pressure over the past month; short-term yields have remained basically unchanged, but there have been increases in medium and longer-term yields that has produced a much steeper yield curve.
Wednesday, February 9, 2011
Shaw Capital Guide ‘Easy’ Cash Offers Teach Hard Lessons: Warning
Looking for a loan or credit card but don’t think you’ll qualify? Turned down by a bank because of your poor credit history?
You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, that could be a tip-off to a rip-off. If you’re asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you’re dealing with a scam artist. More than likely, you’ll get an application, or a stored value or debit card, instead of the loan or credit card.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: The Signs of an Advance-Fee Loan Scam Warning
The FTC says some red flags can tip you off to scam artists’ tricks. For example:
* A lender who isn’t interested in your credit history. A lender may offer loans or credit cards for many purposes — for example, so a borrower can start a business or consolidate bill payments. But one who doesn’t care about your credit record should give you cause for concern. Ads that say “Bad credit? No problem” or “We don’t care about your past. You deserve a loan” or “Get money fast” or even “No hassle — guaranteed” often indicate a scam.
* Banks and other legitimate lenders generally evaluate creditworthiness and confirm the information in an application before they guarantee firm offers of credit — even to creditworthy consumers.
* Fees that are not disclosed clearly or prominently.
Scam lenders may say you’ve been approved for a loan, then call or email demanding a fee before you can get the money. Any up-front fee that the lender wants to collect before granting the loan is a cue to walk away, especially if you’re told it’s for “insurance,” “processing,” or just “paperwork.”
Legitimate lenders often charge application, appraisal, or credit report fees. The differences? They disclose their fees clearly and prominently; they take their fees from the amount you borrow; and the fees usually are paid to the lender or broker after the loan is approved.
It’s also a warning sign if a lender says they won’t check your credit history, yet asks for your personal information, such as your Social Security number or bank account number. They may use your information to debit your bank account to pay a fee they’re hiding.
* A loan that is offered by phone. It is illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they deliver.
* A lender who uses a copy-cat or wanna-be name. Crooks give their companies names that sound like well-known or respected organizations and create websites that look slick. Some scam artists have pretended to be the Better Business Bureau or another reputable organization, and some even produce forged paperwork or pay people to pretend to be references. Always get a company’s phone number from the phone book or directory assistance, and call to check they are who they say they are. Get a physical address, too: a company that advertises a PO Box as its address is one to check out with the appropriate authorities.
* A lender who is not registered in your state. Lenders and loan brokers are required to register in the states where they do business. To check registration, call your state Attorney General’s office or your state’s Department of Banking or Financial Regulation. Checking registration does not guarantee that you will be happy with a lender, but it helps weed out the crooks.
A lender who asks you to wire money or pay an individual. Don’t make a payment for a loan or credit card directly to an individual; legitimate lenders don’t ask anyone to do that. In addition, don’t use a wire transfer service or send money orders for a loan. You have little recourse if there’s a problem with a wire transaction, and legitimate lenders don’t pressure their customers to wire funds.
Finally, just because you’ve received a slick promotion, seen an ad for a loan in a prominent place in your neighborhood or in your newspaper, on television or on the Internet, or heard one on the radio, don’t assume it’s a good deal — or even legitimate. Scam artists like to operate on the premise of legitimacy by association, so it’s really important to do your homework.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: Finding Low-Cost Help for Credit Problems
If you have debt problems, try to solve them with your creditors as soon as you realize you won’t be able to make your payments. If you can’t resolve the problems yourself or need help to do it, you may want to contact a credit counseling service. Nonprofit organizations in every state counsel and educate people and families on debt problems, budgeting, and using credit wisely. Often, these services are low- or no-cost. Universities, military bases, credit unions, and housing authorities also may offer low- or no-cost credit counseling programs. To learn more about dealing with debt, including how to select a credit counseling service, visit ftc.gov/credit.
About Shaw Capital Management and Financings
Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies.
We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month.
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.
You may be tempted by ads and websites that guarantee loans or credit cards, regardless of your credit history. The catch comes when you apply for the loan or credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, that could be a tip-off to a rip-off. If you’re asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you’re dealing with a scam artist. More than likely, you’ll get an application, or a stored value or debit card, instead of the loan or credit card.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: The Signs of an Advance-Fee Loan Scam Warning
The FTC says some red flags can tip you off to scam artists’ tricks. For example:
* A lender who isn’t interested in your credit history. A lender may offer loans or credit cards for many purposes — for example, so a borrower can start a business or consolidate bill payments. But one who doesn’t care about your credit record should give you cause for concern. Ads that say “Bad credit? No problem” or “We don’t care about your past. You deserve a loan” or “Get money fast” or even “No hassle — guaranteed” often indicate a scam.
* Banks and other legitimate lenders generally evaluate creditworthiness and confirm the information in an application before they guarantee firm offers of credit — even to creditworthy consumers.
* Fees that are not disclosed clearly or prominently.
Scam lenders may say you’ve been approved for a loan, then call or email demanding a fee before you can get the money. Any up-front fee that the lender wants to collect before granting the loan is a cue to walk away, especially if you’re told it’s for “insurance,” “processing,” or just “paperwork.”
Legitimate lenders often charge application, appraisal, or credit report fees. The differences? They disclose their fees clearly and prominently; they take their fees from the amount you borrow; and the fees usually are paid to the lender or broker after the loan is approved.
It’s also a warning sign if a lender says they won’t check your credit history, yet asks for your personal information, such as your Social Security number or bank account number. They may use your information to debit your bank account to pay a fee they’re hiding.
* A loan that is offered by phone. It is illegal for companies doing business in the U.S. by phone to promise you a loan and ask you to pay for it before they deliver.
* A lender who uses a copy-cat or wanna-be name. Crooks give their companies names that sound like well-known or respected organizations and create websites that look slick. Some scam artists have pretended to be the Better Business Bureau or another reputable organization, and some even produce forged paperwork or pay people to pretend to be references. Always get a company’s phone number from the phone book or directory assistance, and call to check they are who they say they are. Get a physical address, too: a company that advertises a PO Box as its address is one to check out with the appropriate authorities.
* A lender who is not registered in your state. Lenders and loan brokers are required to register in the states where they do business. To check registration, call your state Attorney General’s office or your state’s Department of Banking or Financial Regulation. Checking registration does not guarantee that you will be happy with a lender, but it helps weed out the crooks.
A lender who asks you to wire money or pay an individual. Don’t make a payment for a loan or credit card directly to an individual; legitimate lenders don’t ask anyone to do that. In addition, don’t use a wire transfer service or send money orders for a loan. You have little recourse if there’s a problem with a wire transaction, and legitimate lenders don’t pressure their customers to wire funds.
Finally, just because you’ve received a slick promotion, seen an ad for a loan in a prominent place in your neighborhood or in your newspaper, on television or on the Internet, or heard one on the radio, don’t assume it’s a good deal — or even legitimate. Scam artists like to operate on the premise of legitimacy by association, so it’s really important to do your homework.
Shaw Capital Management and Financing – Advance-Fee Loan Scams: Finding Low-Cost Help for Credit Problems
If you have debt problems, try to solve them with your creditors as soon as you realize you won’t be able to make your payments. If you can’t resolve the problems yourself or need help to do it, you may want to contact a credit counseling service. Nonprofit organizations in every state counsel and educate people and families on debt problems, budgeting, and using credit wisely. Often, these services are low- or no-cost. Universities, military bases, credit unions, and housing authorities also may offer low- or no-cost credit counseling programs. To learn more about dealing with debt, including how to select a credit counseling service, visit ftc.gov/credit.
About Shaw Capital Management and Financings
Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies.
We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month.
Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!
With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.
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