RHB Bank recently launch 2 new VISA debit cards namely Cash-Connect & My-Cash-i VISA debit cards. Previously RHB Bank have similar debit card but with Mastercard logo. With the new offering, customers will be able to choose either Debit Card with VISA or Mastercard logo.
What interest me regarding this debit card is the VISA logo which I hope support PayPal fund withdrawal. Cash-Connect VISA debit cards will be link to the Conventional Current or Saving account while My-Cash-i VISA debit cards will be link to similar Islamic accounts.
Together with the launching, RHB Bank offering 2% cash rebate for any transactions made with the card. Maximum cash rebate entitlement per account is RM30 per month. This promotion will ends 31st March 2010. After the promotion period the cash rebate will be reduce to 0.5% on all transaction.
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Currently, in the market there are two most widely known Property Financing. There are Term Loan and Flexi Loan. But for many of people, they have no idea what are the different between them & which one to choose when buying a property. Actually, in addition to Term Loan and Flexi Loan, there is a hybrid product called Semi-flexi Term Loan. This will make the confusion even worse.
In terms of interest calculation between Term Loan, Flexi Loan or semi-flexi Term Loan, actually no different between them. All of them use the same principal where interest is calculated base on principal balance. Nowdays, most of the Property Financing or Mortgage loan are based on “daily rest” calculations. In simple word interest is calculated daily based on the outstanding balance.
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The following rankings are for the bankruptcies since 1980, as provided by New Generation Research. Asset figures are taken from each company’s most recent annual report filed before its bankruptcy petition.
Rank 1 – Lehman Brothers Holdings
Date of bankruptcy filing: 15th September 2008
Assets: $691 billion
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This article will introduce us to the pricing and risk of structured warrants. It will show how the price of a warrant relates to the underlying share and identify significant features that contribute to the valuation of a warrant. It will also stress some important risk aspects that investors must be aware of.
How the price of a warrant relates to the underlying share?
Generally, a warrant’s price is closely connected to the behaviour of the underlying share. By behaviour, we mean bow volatile the underlying share is and whether it is moving in a favourable direction for the warrant holder.
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Public Bank recently relaunch their PB Smart Rebate II promotion which introduced in October 2009 and rename it to PB REAL Cash Back Promotion. They are still offering 10% Cash Rebate but in much better terms this time. Its similar to their first PB Smart Rebate I promotion in June 2009. I believe Public Bank is trying to retain their credit card holders by providing them with better promotion. Or else they may cancel their cards due to newly introduced tax.
Under this promotion, Public Bank credit card holder who made their spending either local or overseas will entitle 8% cash rebate on retail transactions. Additional 2% cash rebate will be awarded if the transaction made overseas, sign up for new Zero Interest Instalment Plan (ZIPP) and new balance transfer. The promotion is valid from 1st December 2009 to 31st March 2010.
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