Question 1
(i) Jungalong Ltd is more likely to benefit as payment will be received be the goods are shipped. Le default risk is eliminated.

(ii) Yes, the risks are:
1. Delay in shipment/no shipment
2. Quality/quantity defers from terms of contract

(iii) Yes. LC is a better option for Jason. He is only required to pay for the goods in full when they arrived at the customs (SG's port). This eliminates the risks of shipment delay or no shipment.

Note that Jason will not be able to collect goods from the customs without paying the issuing bank in full in exchange for the documents required by the customs.

Question 2
(i) answers from lecture slides

Core Tutorial 11 Answers

Tutorial 11
Question 1a:
Client retention. Robert is already a client of Juro Swiss Banking Corporation but is unhappy with the products and services provided by the bank. If his concerns are not addressed, there is a strong likelihood that he will leave for another private bank.

Question 1b:
Client acquisition. Annie is not a [private bank client yet. However, with the amount of money won in the lottery, it makes her a prospective client which Juro Swiss Banking should approach.

1c:
Client development. Due to his father’s wealth, Thomas is an existing client of the bank although he may not have a lot of assets for the bank to manage at this moment. However, the bank should understand the concept of client lifetime value and continue to service Thomas. There is a strong likelihood that he will succeed in venturing into renovation business and will ultimately inherit his father’s fortune.

2.
There are four stages: Client profiling, investment proposal & solution, agreement & implementation, review.

Rest of the answers are in the lecture slides.

3.
- Pure custodian; asset safekeeping, income collection, fund disbursement and reporting.
- Execution-only mandate; execute or select brokers to execute investment transactions behalf of clients.
- Advisory mandate blah blah blah

Discretionary mandate is the most suitable investment mandate for Annie as she does not have prior experience in investments. However, her expectations and needs should be properly communicated to Francis.

ahh lovely weather


stone age.



day at the comp lab


darkness falls


graffiti artiste


wtf?!

revival post;

Leading artiste: Tan Xinyi
Best supporting artiste: Matthias



Leading Role: Jane
Lousiest supporting artiste: Birdnest



Leading Artiste: The BOOK why!? cause it took up more than 50% of the picture
Little care fare: Galvin's tweeny hands



Best on screen couple: Birdnest and his so called m***. That's Miss Toh for goodness sake!




pictures posted are deemed as c207 property, any forms of attempt to remove it will cause dire consequences to the attemptee.

let's move on and many good years ahead.
it was an honest mistake. no prizes to claim as to who said it

humans always say everything is possible to do, to achieve. today on 1st jan 2009, something historical happen for the very first time, another species of living things spoke. we wonder who it is?






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now we know (: