Emerging Issues In Financial Management And Risk Management Finance Essay

Emerging Issues In Financial Management And Risk Management Finance Essay Housing Development Finance Corporation Limited or HDFC founded 1977 by Ravi Maurya and Hasmukhbhai Parekh, is an Indian NBFC, focusing on home mortgages. HDFCs distribution network spans 243 outlets that include 49 offices of HDFCs distribution company, HDFC Sales Private Limited. In addition, HDFC covers over 90 locations through its outreach programmers. HDFCs marketing efforts continue to be concentrated on developing a stronger distribution network. Helping Indians experience the joy of home ownership. The road to success is a tough and challenging journey in the dark where only obstacles light the path. However, success on a terrain like this is not without a solution. Our objective, from the beginning, has been to enhance residential housing stock and promote home ownership. Now, our offerings range from hassle-free home loans and deposit products, to property related services and a training facility. We also offer specialized financial services to our customer base through partnerships with some of the best financial institutions worldwide. TYPES OF RISK FACED BY THE NBFCs These are the risks that face: 1.Operational Risk:- An operational risk is a risk arising from execution of a companys business functions. As such, it is a very broad concept including e.g. fraud risks, legal risks, physical or environmental risks, etc. The term operational risk is most commonly found in risk management programs of financial institutions that must organize their risk management program according to Basel II. In Basel II, risk management is divided into credit, market, liquidity and operational risk management. The following lists the official Basel II defined event types with some examples for each category: Internal Fraud External Fraud Employment Practices and Workplace Clients, Products, Business Practice Damage to Physical Business Disruption Systems Failures Execution, Delivery, Process Management 2. Market Risk:- The day-to-day potential for an investor to experience losses from fluctuations in securities prices. This risk cannot be diversified away. Also referred to as systematic risk. The beta of a stock is a measure of how much market risk a stock faces. Market risk includes:- Interest rate risk Foreign exchange risk Equity price risk Commodity risk 3. Financial Risk:- The risk that a company  will not have  adequate  cash flow to  meet financial obligations. Financial risk is normally any risk associated with any form of financing. Risk is probability of unfavorable condition; in financial sector it is the probability of actual return being less than expected return. There will be uncertainty in every business; the level of uncertainty present is called risk. Financial risk includes:- CAPITAL RISK:- A common concern with any investment is that the initial amount invested may be lost (also known as the capital). This risk is therefore often referred to as capital risk. CURRENCY RISK:- If the invested assets are being held in another currency, there is a risk that currency movements alone may affect the value. This is referred to as currency risk. LIQUIDITY RISK:- Many forms of investment may not be readily salable on the open market (e.g. commercial property) or the market has a small capacity and may therefore take time to sell. Assets that are easily sold are termed liquid: therefore this type of risk is termed liquidity risk. HDFC selects Nt(Neural Technologies) for Risk Management HDFC, one of Indias premiers, today announced that it is using neural predictive models from Neural Technologies for risk management in its Credit Cards and other Retail Assets portfolios. HDFC selected Neural Technologies following a comprehensive proof of concept study, aimed at finding a supplier who could provide them with a superior analytical and scientific approach to reduce the delinquency rates in their credit card and retail assets portfolio. Following selection, Neural Technologies worked alongside HDFCs personnel to develop models for Credit Card Collections, Credit Card Recovery and Retail Assets (Personal Loans) Collections. The models are proving to be very successful. Rajesh Kumar, Sr Vice President of HDFC said We selected Neural Technologies based upon the performance of their models and the predicted return on investment, and we are extremely satisfied with the results achieved so far.HDFC has plans to expand its relationship with Neural Technologies and explore new areas in their business where they might benefit from Nts expertise. Arinjay Jain, Director of Neural Technologies Indian operation said, Neural predictive analytics is an ideal risk management tool, providing valuable decision-support to businesses looking to manage and reduce credit risk and fraud losses. A pioneer in this field among the Indian, HDFC has enthusiastically embraced the concept and is now starting to reap the benefits. We look forward to a long and mutually beneficial relationship between our two companies. MEASURES USED BY HDFC TO CONTROL THE RISK OF NBFCs HDFC India live with SunGards Adaptive Market Risk Indias HDFC has deployed SunGards Adaptive Market Risk technology at its head office in Mumbai to support company treasury operations. SunGard says the system will be used to support HDFCs front-to-back office processing and risk management for: money market, debt securities, foreign exchange and derivatives activities and Basel II compliance. The platform, says SunGard, will also enable the to extend its product coverage by creating new instrument types and integrating new proprietary or third party pricing models. Data model field customization, internal workflow automation via scripting and client-specific analytical ad-hoc reports may also be produced. Sudhir Joshi, treasurer, HDFC comments: adaptive will provide centralized processing out of Mumbai for cross-asset trading, risk management and back-office operations, and will help HDFC to achieve improved processing and operational efficiencies.HDFC becomes SunGards first live adaptive customer in India.

Bioclear

1. What are the reasons for and against launching Oxyglobin? Reasons FOR launching Oxyglobin| Reason AGAINST launching Oxyglobin| Setting the preferences for the customer, framing their perceptions of later entrants, becoming the standard| Risk of justifying price premium in human market vs. et| Conduct pre-emptive positioning to raise the barriers to entry in to this market| Human market much larger and more lucrative than vet market| Develop relationships with customers and build brand loyalty| Move focus from human market and create complexity in a small company with limited resources| Opportunity to define the market in the veterinarian space| The vet space learning’s may not transfer to the human market| Reduce the risk associated with putting all the focus on the human market, especially when FDA approvals are not guaranteed| Investment in vet market may not pay off, creating financial risk on launching in human market| Generate revenues to launch Hemopure| | Educate com pany on â€Å"go to market† learning curve to inform launch in human market| | First to launch in the vet market provides a pioneering advantage for Biopure| | 2.What is the current number of dogs that receive blood transfusions? 354,750 What is the potential number of dogs? 4,257,000 What is the current size in units in market for dogs? 1 bag per/small medium dog and 2 bag per/large dog 354,750*1. 5 units on average = 532,125 units What is the potential size in units in market for dogs? 1 bag per/small medium dog and 2 bag per/large dog 4,257,000* 1. 5 units on average = 6,385,500 units | Primary Care | Acute Care| | Number | 14250| 750| | Indications / Year| | | | Acute blood loss | 800| | | Would Benefit | 30%| | | Received Transfusion | 2. 50%| | | Potential Multiplier| 12| | | Transfusions / Practice| 17| 150| | | | | | Primary Care | Acute Care| Total| Current Volume | 242250| 112500| 354750| Potential Volume | 2907000| 1350000| 4257000| | | | | 3. A) If Oxyglobin were to be priced at $150/unit to the vet, what is estimate of current market size in units and $? 217,392 units and $32,608,800. 00 Potential size of market for Oxyglobin? 2,608,875 units and $391,331,250. 00 Metric | Current | Potential | Dogs receiving transfusions | 354,750| 4,257,000| Vets willing to use | 25%| 80%| Patients willing to pay 2X| 35%| 75%| Factor to use | 25%| 75%| Potential Size of market | 144,928*1. 5 = 217,392| 1,739,250*1. 5 = 2,608,875| | | | | | | B) Capacity: 300,000 units / yearCapacity is larger than the current market but lower than the potential market. It will be the limit for upside. When Hemopure is approved the decision will need to be made whether or not to expand capacity. Manufacturing costs are $15 M/ year and the raw materials are $1. 50 per unit. At 300,000 units per year, this comes to 21,740,625. Revenues at $150 X 300,000 per year are $445M. Gross profit at 300,000 units/year is $29,550,000M, before marketing sales and distribution. Based on No rthfield’s numbers, a new facility to double capacity would cost $45M to build. 4. What is the market potential (in units) of the human blood substitute market?The total potential of the human market is approximately 12242M units, although depending on the safety and efficacy of the product, effectiveness of the sales and marketing plan, and the comfort with the current blood donation practices, that number should be factored down based on potential adoption. A reasonable estimate of units would be a 20% adoption rate which would result in 2. 4M units. Chronic Anemia 3200 Acute Blood Loss 8100 Total11300 Minus Autologous 113010% Total10170 Potential Cases Borderline 1000 Field Trauma 3690% of 20000 Total1036 X 2 units each2072 Total Potential 12242 Adoption Rate 20%40%60%80%100% Thousands2448. 44896. 87345. 29793. 612242 Millions 2. 44. 97. 39. 812. 2 5.Considering the potential competition in the human market and likely entry, what is a reasonable estimate of the size of the market for Hemopure? The market entry for Hemopure is timed for 2000. Biopures competitor’s entry is scheduled and for Baxter it is 2000, Northfield is 1999. Baxter’s capacity is 1 million units/year. Northfield’s capacity is 10,000 to 300,000 if they build the new plant. The market is under capacity; Biopure’s capacity is only 300,000 units per year. A 20% penetration can be expected and this will take all of Biopure’s capacity. The size of Hemopure’s market at $600 per unit is approximately $180 M. 6. Describe a Go-to-Market strategy for Oxyglobin.A) Considering that there is considerable risk in the FDA approval of Hemopure, and all the reasons stated in question #1, Biopure should launch Oxyglobin in the veterinary market. The initial target market for Oxyglobin should be the â€Å"high incident† practices. This is where the sales and marketing effort will get the largest return on investment. In addition current volume will expa nd in these centers to exceed Biopure’s manufacturing capacity of 300,000 units per year. B) The option of using a contract distribution method is not ideal. One 15 minute visit from a sales representative with hundreds of products to discuss is not ideal in this launch situation.Oxyglobin will get lost in the mix and for this reason Biopure should use a direct selling model to launch Oxyglobin. The sales pitch for Oxyglobin should come from a representative that is well trained on the products features and benefits and overcome the cost objections that might come up. The sales representative will need to highlight the drawbacks of the â€Å"donor animal† system and close the gap in benefits between purchasing the blood from an animal bank. The emergency care vet will be making less money on Oxyglobin if it is priced at $150. 00 vs. the banked blood. The vet will either need to charge the pet owner more money or feel that the benefits outweigh the margin. The sales rep resentative will play a key role in discussing these intricacies.

Coal - 602 Words

http://www.iea.org/co2highlights/CO2highlights.pdf page 3 http://www.iea.org/papers/2009/Wind_Roadmap.pdf page 4 http://www.nytimes.com/2010/08/10/science/earth/10portugal.html?_r=1amp;hp=page Page 5 http://hubpages.com/hub/real-cost-of-fossil-fuels http://www.bp.com/genericarticle.do?categoryId=2012968amp;contentId=7065280- Page 2 http://www.nytimes.com/2010/09/16/world/europe/16hungary.html?_r=1amp;partner=rssnytamp;emc=rss Page 6 http://articles.chicagotribune.com/2010-07-10/news/ct-met-coal-plant-online-sidebar-20100710_1_coal-plant-coal-fired-peabody-energy Page 7 http://www.chicagotribune.com/health/ct-met-dirty-power-plant-20100918,0,6593923.story As Europe Kicks Coal, Hungarian Town Suffers Miners in†¦show more content†¦created by their combustion are essential policy strategies for stimulating the development of renewable energy technologies. In other words, externalities matter. But only if they are internalized - made part of transaction prices. And internalization requires government action. If the price of carbon fuels included the costs of the pollution they emit, we would buy less carbon fuel and more carbon-free fuel and we would produce less pollution. Fossil fuels have other social costs beside climate change. Their emissions cause smog and acid rain and other health hazards, and then there are the costs of protecting the supply of oil imported from abroad, sustaining the Strategic Petroleum Reserve and cleaning up the oil spills. BP estimates cost of Gulf Coast cleanup at 20 billion dollars Tide turning against coal Why Peabody Energys plant for a new coal plant seemed a better idea a decade ago The U.S. Energy Department estimates that wind turbines could provide a fifth of the nations electricity by 2030, up from about 1 percent today Just outside Chicago, a major polluter lurks Indianas State Line, one of the nations dirtiest power plants, hangs on despite environmental dangers * 1 * 2 * next * | single page The State Line Power Station in northwest Indiana is a major contributor to Chicagos chronically dirty air. The plant was built along Lake Michigan byShow MoreRelatedThe Coal Of Coal And Coal Essay972 Words   |  4 PagesIntroduction Coal is a combustible black or blackish brown sedimentary rock usually occurring in rock strata in layers or veins called coal beds or seams. The harder form such as Anthracite may be regarded as metamorphic rock because of later exposure to elevated temperature and pressure. Coal from different stratigraphic sequence differs from each other in terms of their chemical composition and physical properties. These differences may arise due to the probable difference in the supply materialRead MoreCoal Seam Gas : Coal Gas Essay1162 Words   |  5 PagesCoal Seam Gas What is coal seam gas? Coal Seam Gas (CSG) is a natural methane gas found in coal seams made by coal forming under the earth for millions of years. Countries such as the United States and China have utilised it for energy needs. Methane lines the inside of the coal cracks, pores and micro-pores and is found in the open fractures (cleats) and seams. (1) CSG is also known as Coal bed methane (CBM) and Unconventional Gas. Unlike coal itself, the gas lacks hydrogen sulphide. 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The Yellow Wallpaper By Charlotte Perkins Gilman - 981 Words

Approximately 8-12% of new mother’s experience post-partum depression, which is showcased in The Yellow Wallpaper by Charlotte Perkins Gilman. Subsequently, this often led to treatments which were really not treatments at all, like the rest cure and confinement in general. In Gilman’s short story, we experience the consequences of the rest cure, confinement, and the general idea that a woman’s husband knew best. The narrator goes on a very dark and twisted journey throughout the story, based on being relocated for the summer by her husband, John. Despite the fact that the physical journey she experiences is supposed to better her mental health, the isolation she feels, the fact that her husband was never around and did not take her seriously, and finally because of the negative feelings that she harbours towards the bedroom chosen for her, it actually aids the path she forges into madness. Sometimes a fresh start really is in our best interest, even if we do not agree at first. In the case of this short story, that is definitely not the case. The narrator of this story, a young woman suffering from what seems to be post-partum depression, is relocated to â€Å"a colonial mansion,† (Gilman, 1). Although this move is said to be in her best interests, as her husband is a doctor and firmly believes in the famous Rest Cure, it does the exact opposite of its intended purpose and ultimately drives the narrator into insanity. The narrator lets the readers into her world by means of aShow MoreRelatedThe Yellow Wallpaper By Charlotte Perkins Gilman885 Words   |  4 Pagesbeen a stigma around mental illness and feminism. â€Å"The Yellow Wallpaper† was written by Charlotte Perkins Gilman in the 1900’s. â€Å"The Yellow Wallpaper† has many hidden truths within the story. The story was an embellished version her own struggle with what was most likely p ost-partum depression. As the story progresses, one can see that she is not receiving proper treatment for her depression and thus it is getting worse. Gilman uses the wallpaper and what she sees in it to symbolize her desire to escapeRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman846 Words   |  4 PagesHumans are flawed individuals. Although flaws can be bad, people learn and grow from the mistakes made. Charlotte Perkins Gilman’s short story, â€Å"The Yellow Wallpaper†, gives one a true look at using flaws to help one grow. Gilman gives her reader’s a glimpse into what her life would have consisted of for a period of time in her life. Women were of little importance other than to clean the house and to reproduce. This story intertwines the reality of what the lives of woman who were considered toRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman1362 Words   |  6 Pagesas freaks. In the short story â€Å"The Yellow Wallpaper† by C harlotte Perkins Gilman, both of these elements are present. Gilman did a wonderful job portraying how women are not taken seriously and how lightly mental illnesses are taken. Gilman had, too, had firsthand experience with the physician in the story. Charlotte Perkins Gilman s believes that there really was no difference in means of way of thinking between men or women is strongly. â€Å"The Yellow Wallpaper† is a short story about a woman whoRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman1547 Words   |  7 PagesCharlotte Perkins Gilman s career as a leading feminists and social activist translated into her writing as did her personal life. Gilman s treatment for her severe depression and feelings of confinement in her marriage were paralleled by the narrator in her shorty story, The Yellow Wallpaper. Charlotte Perkins Gilman was born in 1860 in Hartford, Connecticut. Her parents, Mary Fitch Perkins and Fredrick Beecher Perkins, divorced in 1869. Her dad, a distinguished librarian and magazine editorRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman2032 Words   |  9 Pagesâ€Å"The Yellow Wallpaper† by Charlotte Perkins Gilman is a poem about women facing unequal marriages, and women not being able to express themselves the way they want too. Charlotte Perkins Gilman was born in 1860, and died in 1935. This poem was written in 1892. When writing this poem, women really had no rights, they were like men’s property. So writing â€Å"The Yellow Wallpaper† during this time era, was quite shocking and altered society at the time. (Charlotte Perkins Gilman and the Feminization ofRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman904 Words   |  4 Pagescom/us/definiton/americaneglish/rest-cure?q=rest+cure). Charlotte Perkins Gilman wrote The Yellow Wallpaper as a reflection of series of events that happened in her own life. Women who fought the urge to be the typical stereotype were seen as having mental instabilities and were considered disobedient. The societal need for women to conform to the standards in the 1800s were very high. They were to cook, clean and teach their daughters how to take care of the men. Gilman grew up without her father and she vowedRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman999 Words   |  4 Pages â€Å"The Yellow Wallpaper† is a story of a woman s psychological breakdown, which is shown through an imaginative conversation with the wallpaper. The relationship between the female narrator and the wallpaper reveals the inner condition of the narrator and also symbolically shows how women are oppressed in society. The story, read through a feminist lens, reflects a woman s struggle against the patriarchal power structure. In the â€Å"The Yellow Wallpaper†, Charlotte Perkins Gilman uses the wallpaperRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman Essay1208 Words   |  5 Pagesthat wallpaper as I did?† the woman behind the pattern was an image of herself. She has been the one â€Å"stooping and creeping.† The Yellow Wallpaper was written by Charlotte Perkins Gilman. In the story, three characters are introduced, Jane (the narrator), John, and Jennie. The Yellow Wallpaper is an ironic story that takes us inside the mind and emotions of a woma n suffering a slow mental breakdown. The narrator begins to think that another woman is creeping around the room behind the wallpaper, attemptingRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman846 Words   |  4 PagesThe dignified journey of the admirable story â€Å"The Yellow Wallpaper† created by Charlotte Perkins Gilman’s, gave the thought whether or not the outcome was influenced by female oppression and feminism. Female oppression and feminist encouraged a series of women to have the freedom to oppose for their equal rights. Signified events in the story â€Å"The Yellow Wallpaper† resulted of inequality justice for women. Charlotte Perkins Gilman gave the reader different literary analysis to join the unjustifiableRead MoreThe Yellow Wallpaper By Charlotte Perkins Gilman1704 Words   |  7 PagesEscaping The Yellow Wallpaper Charlotte Perkins Gilman (1860-1935) whom is most acclaimed for her short story The Yellow Wallpaper (1891) was a women’s author that was relatively revolutionary. Gilman makes an appalling picture of captivity and confinement in the short story, outlining a semi-personal photo of a young lady experiencing the rest cure treatment by her spouse, whom in addition to being her husband was also her therapist. Gilman misused the rest cure in The Yellow Wallpaper to alarm other