Friday, September 20, 2013

MS – 46 Management of Financial Services



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ASSIGNMENT

MS – 46 - Management of Financial Services

Course Code                         :               MS - 46
Course Title                          :               Management of Financial Services
Assignment Code                :               MS-46/SEM - II /2013
Coverage                               :               All Blocks



1. What do you mean by ‘Financial System’? Explain the various components of financial systems detailing their purpose and functions.
Answer :  In finance, the financial system is the system that allows the transfer of money between savers (and investors) and borrowers.[1] A financial system can operate on a global, regional or firm specific level. Gurusamy, writing in Financial Services and Systems has described it as comprising "a set of complex and closely interconnected financial institutions, markets, instruments, services, practices, and transactions."
A financial system refers to a system which enables the transfer of money between investors and borrowers. A financial system could be defined at an international, regional or organization level. The term “system” in “Financial System” indicates a group of complex



2. What is a depository system? Discuss the process of dematerialization and the process of creating pledge of securities held in depository.
Answer : A vibrant and efficient capital market, which ensures an orderly development and contains measures for protection of the investor’s interest, is the most important parameter for evaluating health of any economy.  The practice of physical trading imposed limits on trading volumes and hence the speed with which new information was incorporated into prices system.

MEANING OF DEPOSITORY

          “A Depository is a file or a set of files in which data is stored for the purpose of safe keeping or identity authentication”, defined by Germany Depository.
          In India, the Depositories Act, 1996



3. Describe in detail the important aspects of the pre issue activities.
Answer : Pre-Issue Activities:

1.            Signing of MoU: Signing of MoU between the client company and the merchant banker-issue management activities marks the award of the contract. The role and responsibility of the merchant banker as against the issuing company are clearly spelt out in the MoU.
2.            Obtaining appraisal note: An appraisal note containing he details of the proposed capital outlay of the project and the sources of funding is either prepared in-


4. Explain the concepts of leasing and hire purchase and point out the difference between the two.
Answer :
A lease may be defined as a contractual arrangement or transaction in which a party (lessor) owing an asset or equipment provides the asset for use to another or transfer the right to use the equipment to the user (lessee) over a certain or for an indefinite period of time for consideration in the form of periodic payments (rentals). At the end of the period of contract (lease period), the asset or equipment reverts back to the lessor unless there is a provision for the renewal of the contract. The above definition reveals that leasing essentially involves the divorce of ownership from the economic use of an asset or equipment. It is a device of financing the cost of an asset. Lease financing is thus a device of


5. What are maritime perils? What is the difference Marine Cargo Policies and Marine hull policies?
Answer : Maritime perils. The Marine Insurance Act 1906 states:

"'Maritime perils’ means the perils consequent on, or incidental to, the navigation of the sea, that is to say, perils of the sea, fire, war perils, pirates, rovers, thieves, captures, seizures, restraints and detainments of princes and peoples, jettisons, barratry, and any other perils, either of the like kind, or which may be designated by the policy.”
Marine Insurance
Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.
Broad Categories of Marine Insurance


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