Global Financial Imbalances Essay

spheric Financial Imbalances experiment How the arrangements of human(a) interchange act as a driver of globose dissymmetrys AbstractThis paper savors at the different factors do good deal unstableness on the global raft arna. This global fiscal mental unsoundnesss essay identifies the different factors that affect the global guile imbalances of cut intoicraft as envisioned in the global mickle agreements. The findings reveal that there is ask for countries to look into better ways of ensuring that a level playing bailiwick is provided for wholly and proper mechanisms enacted to ensure that no element state flouts the rules and policies. substructurePettis (2013, p. 65) claims that barter is a very controversial issue around the mankind because many people hold the perception that conduct agreements and even merchandise itself undermines some human rights interchange fit advertize rights, and even afford adapted euphony in some moorages.Many external i nstitutions get under ones skin emerged to act as a means for countries to foster new-fangled stinting enounce. Some of the institutions embroil bodies same macrocosm slew validation which has ultimately replaced the General accordance on Tariffs and Trade to frugal aid reduce trade tariffs the European trade union (EU), the North Ameri preempt Free Trade Agreement (NAFTA) and the Asiatic peaceable Economic Cooperation Group (APEC). These trade agreements atomic number 18 being formed to help regions integ enjoin and enable smooth concern among the trading partners. In assenting to the aforementioned regional trade agreements, countries are still negotiating other bilaterally symmetric trade agreements in all parts of the world. (Rebucci et al 2009, p.44).All these efforts are being directed at on the loose(p)ising the world economy in order to ensure smooth flow of goods and services in the global grocery store. This loosening of trade and investment around t he globe has made a volumed contribution to an increase in global trade volumes, portfolio investment and unlike direct investments, all of which pose made signifi give the sackt impacts on the member countries. Despite all the payoffs that accompany neoliberalism, it has flaws because it has effectd trade imbalances in the member states. relaxation of trade has been appealing to states because of the logic of comparative advantage as it relocates the factors of toil to areas where they would yield a greater advantage through subjection to global competition and trade. This is what guided the formation of associations like population Trade Organisation and the European Union. til now, this is part of the causative agents for global trade imbalance because the international economy and the financial system are increasely becoming compromising to the policies of the inordinateness countries as some countries deliberately refuse to play along the rules of liberalisation (K oo 2011, p. 77).You can in any case review Free Politics Essay internationalistic Political EconomyGlobal Financial imbalancesLiberalisation of trade is pursued by states because it defends international mobility of investment in sites of production, free trade, trade and financial liberalisation in services. Therefore economic efficiency lies in the increase in specialisation in production and circulation of goods and services, and literallocation of cracking in the global market. nonetheless, the recession being suffered by the developed states has leftthe proximo of trade liberalisation in the balance as these countries may root to opt for protectionism in order to shield their economies from such adverse personal entraps (Fardoust et al 2011, p. 54).In contrast to the situation in 2008, countries now have some tools which they can use to mitigate the renewed economic business district which increases the chances of it generating into a recessionIf the economic downtown awaits then the protectionist pressure is belike to increase. However Koo (2011, p. 19) asserts that the first countries that pass on erect trade barriers to cushion themselves against economic downtown depart obviously be blamed for the eventual damage that leave be made to the global trading system. However, the countries that will be more(prenominal)(prenominal) responsible for this are the ones that skew their industrial structures, exchange rate policies and task systems to gain competitive advantage.The irony of this scenario is that the presidential terms that are most dependent on the free trade i.e. the ones that produce more commodities than they can consume will be the biggest hindrance to the sustainable recovery of the global economy (Pettis 2013, p. 55). It is because advisable for these countries to change course before it is too late for them to act, or else they will suffer adversely if other governances decide to erect new trade barriers because it will affect their market segments.The countries with nimiety production have a tendency of exhorting the governments with deficits to live within their means, pay their debts and save more. However the real challenge facing the global economy is the acute wishing of aggregate take up. The globe is already awash with thrifts but productive investment opportunities are very minimal which manifests itself in the weakness of employment (Morrison et al 2007, p. 31).The implication for this is that saving more is not a resultant to the countries with trade deficits. Indeed saving more will be extremely disastrous as it will reduce use. Reducing consumption will depress investment because households will no longer be purchasing more and as a consequence, aggravate the fiscal problems. If the governments with big trade deficits opt to save more, then those with surplus will be agonistic to spend more and save less.Fund (2010, p. 66) claims that the weakness of domestic demand in the United Kingdom, United States and the light of the Eurozone is grossly affecting the global demand but there is nothing to offset it. The governments with big surpluses like Japan, Germany and chinaware are not doing anything to help ease the contraction in demand elsewhere. Such a situation is fraught with risks because for the world to preserve get laiding the benefits of global trade and finance, then there must be a mechanism for unwinding the global trade imbalances. This then leads the discussion to the definition of trade imbalance in order to be able to identify its causes and effects.You can also review UK Trademark and Fashion Brands EssayWhat is trade imbalance?Duncan (2013, p.65) defines trade balance of a government as a denunciation of what it spends less what it produces. A rustic has a trade surplus if its income exceeds its expense which enables it to lend the surplus to the countries where their expenditures exceed their income. In so doing these countries are able to accumulate international assets. The countries with a deficit on the other hand are on the flipside of this as they spend more than their income and have to scoop from the governments with surpluses to cover for the difference. However, in the process of covering their difference, they end up accumulating international debts or liabilities. Surplus economies are dependent on the deficit economies retributory like the deficit economies are dependent on the surplus economies which accuse that there is a mutual relationship of dependency. Therefore it is not feasible for all governments to run in surpluses or deficits as both must be in existence for the relationship to subsist. This then leads to the question of whether trade imbalances are sustainable or not.Trade imbalances and the eventual ceiling flows among governments are not necessarily the problem. The fast ageing wealthy governments ofttimes have excess savings which enables them to make investments in econo mies with insufficient savings to meet their investment needs (Duncan 2013, p.90). Historically, this meant putting more investments in the speedily developing economies.As long as the current account deficits remain modest and governments invest the surplus in ways that promote economic growth, then such imbalances are sustainable. However, the current trade imbalances around the world are of a different type (Hall et al 2011, p. 70). They are some(prenominal) bigger than was ever anticipated. For case the most serious is that between chinaware and the United States where chinaware is still maintaining a huge trade surplus with the United States. Most of the other trade imbalances are between economies with the alike levels of development, for example Japan and the United States, and between the Eurozone members. Such imbalances are removed from benign as they destabilize the flow of capital between economies. For instance the 2007 global financial crisis and the resultant Eurozone crisis were caused by capital flaws between countries (Haddad and, ward 2011, p. 43).The banks that were overleveraged made matters worse as they further amplified the crisis. However, the underlying reason for the capital outflows was economies with surpluses seeking higher returns. The surplus economies like the United Kingdom, United States and the rest of the Eurozone failed to find productive uses for their surpluses. Instead of boosting productivity, the inflow investments ended up altitude assets prices leading to excessive borrowing by the households.The trade imbalances survived both crisis and are even growing again at high levels. However, this is not sustainable. dissimilar in the period preceding the 2007 crisis, the current deficit has nothing to do with excess demand in the economies with deficit. It is occurring against a backdrop of stagnation and a decrease in the bread and butter standards of these economies. Firms and households of the deficit econom ies are even saving more and there is no offsetting decline in savings in the private sector within the economies with surpluses (Chen et al 2012, p. 47). Against such kind of economic activities, the trade deficits constitute a major hindrance to economic activities as they reduce employment and demand and as a consequence forces governments to put in by running huge fiscal deficits. The external demand that the surplus economies rely on is heavily dependent on unsustainable policies in the economies with deficits.You can also review Finance Essay on Savings and Loans Crisistheoretic foundation Unger institutional arrangements and outcomesRoberto Unger proposes an institutional arrangement for the organisation of civil societies, democracies and market economies. He claims that neo-liberalisation of trade is based on theory of comparative advantage that is too partial derivative. It is this partiality that has created global trade imbalances. Roberto Unger argues that the curren t object lesson of comparative advantage used for free trade arguments is not only partial but is also incomplete and empirically inaccurate to permit the provision of global business policies. His major concern is the trade policies and designs of the global trading systems which he thinks are inherently designed to create trade imbalances (Claessens, et al 2010, p.81).The theory of comparative advantage is incomplete because it has as a enclose the existence of an established comparative advantage. The comparative advantage in the real world is a function of a complex array of economic, social, and semipolitical factors. As such it is not possible to determine a case for free trade until fully taking into account the manner in which these factors interact to create the regime of an economy. It is these differences relative to unit costs across countries that create comparative advantage.Different trade agreements a lot have an effect on the patterns of advantage that an econ omy can develop and then eventual gains it can attain from free trade. In addition to this, the trade theories often find that multiple world equilibriums exists both in the presence of increasing returns and scale economies as well as the conventional return models (Unger 2005, p. 89). Whichever of these equilibriums the global economy leads a country into affects the aggregate efficiency and distribution of the gains from trade across nations.In the process of selecting equilibrium, broader political and social processes are likely to play a significant role. Only once the effects of trade restrictions on social and political forces have been determined and the eventual option of an equilibrium made, can a definitive case for or against liberal trade policies be made. This is the reason why Unger proposed the development of a more complex theory of trade premised on a set of raw material ideas that play analogous role for labelling the assumptions of a formal model. Without the formal model that takes into account all the factors that affect equilibrium, then the trade imbalances will continue to exist.Other Causes of Trade ImbalanceSome countries like mainland China are fuelling imbalance in the global economy by devaluing the kwai like the Japanese did 26 years ago (Aaronson & Zimmerman 2008, p.81). The country is accused of intentionally devaluing its exchange rates. Although it is not easy to accurately calculate the exchange rate of the Yuan, economists believe it is undervalued by up to 40% and consensus indicate that the policy of China of stockpiling foreign exchange reserves is responsible for this (Aaronson & Zimmerman 2008, p.33).The country has been able to use its huge trade surplus to buy US funds and treasuries in order to maintain a high demand for the US Dollar and make the Yuan appear relatively cheap. This raises the price competitiveness of China against the United States. Acts of money intervention by China to create trade imbalance is deliberate as it spends a lot of money in the market to keep the Yuan undervalued.This market interference by China is fuelling trade deficits in the United States because American companies are strained to outsource jobs to China in order to be able to enjoy cheap labour (Claessens, Evenett & Hoekman 2010, p. 64). The purchasing power of the Chinese is equally smothered because they are less able to afford foreign products and increase their living standards. This makes it hard for foreign companies to sell their products in the country because the weak Yuan renders them expensive for the average Chinese consumer.The treatment of trade by China is also fuelling overconsumption in the United States by buying up government treasuries. The artificial suppression of the value of Yuan allows the treasury department to tear down the long term interest rates. This fuels the western and American debt, over consumption and ensures that the demand for the Chinese exports is sustained. Although such a practice is not illegal, it creates imbalance in the global trade arena. Although the East and China have compete a major role in the provision of attractively priced commodities and support the western debts, the west has also been responsible for the creation of trade imbalance owing to their inability to control their over consumption (Berger and Nitsch 2010, p. 62).Other than the manipulation of currency by China, the country also supresses labour rights thus glum the costs of production in the country. The repression of labour by the Chinese government has lowered the manufacturing wages of the workers by approximately 47% to 86% (Chen et al 2012, p.86). The country also provides huge direct export subsidies to its major industries in order to boost production for the export market.Finally, China maintains strict non-tariff barriers to imports. This has ensured that the country maintains trade imbalance with other countries and as at 2011 the Chinese exports to the US were more than four times what the United States exported to China. This trade imbalance from China was further enhanced partly when the country was accepted into the World Trade Organisation without inclusion of a clause to improve the environmental standards and the labour conditions. The entry of China into the economic playing field has further worsen things for the domestic workers in the United States in choose of the multinational companies operative in China.You can also review Free transnational traffic & Trade Dissertation EssayConclusionThis essay has identified the different factors affecting the balance of trade on the international arena. Some countries are deliberately carrying out actions to influence the balance of trade in their favour at the expense of the other partners. Although there are countries that are busy with the global balance provided by the international market, there is need for countries to look into better ways of ensuring that a g ood business environment is provided for all and proper mechanisms enacted to ensure that no member state flouts the rules and policiesYou can also review multinational Business Environment EssayReferencesAaronson, S. A., & Zimmerman, J. M. (2008). Trade imbalance The struggle to weigh human rights concerns in trade policymaking. New York, N.Y., Cambridge University Press. Berger, H., Nitsch, V., & International monetary Fund. (2010). The Euro?s Effect on Trade Imbalances. Washington, D.C International financial Fund. Chen, R., Milesi-Ferretti, G.-M., Tressel, T., International Monetary Fund., & International Monetary Fund. (2012). External imbalances in the Euro area. Washington, D.C. International Monetary Fund. Claessens, S., Evenett, S. J., & Hoekman, B. M. (2010). Rebalancing the global economy A primer for policymaking. London sum total for Economic Policy Research. Duncan, R. (2013). The dollar crisis Causes, consequences, cures. Hoboken, N.J Wiley. Fund, I. M. (2010). E uropean Financial Linkages. Washington International Monetary Fund. Haddad, M., Shepherd, B., & World entrust. (2011). Managing openness Trade and outward-oriented growth after the crisis. Washington, D.C World Bank. Hall, P. V., McCalla, R. J., Comtois, C., & Slack, B. (2011). Integrating seaports and trade corridors. Farnham, Surrey Ashgate. Koo, R. C. (2011). The Holy Grail of Macroeconomics Lessons from Japans Great Recession. Hoboken John Wiley & Sons. Korea-World Bank High Level Conference on Post-Crisis Growth and Development, Fardoust, S., Kim, Y., Sepulveda, C. P., World Bank., & Taeoe Kyo?ngje Cho?ngchaek Yo?nguwo?n (Korea). (2011). Postcrisis growth and development A development agenda for the G-20. Washington, D.C World Bank. Morrison, C. E., Pedrosa, E., Pacific Economic Cooperation Council., APEC Business Advisory Council., & Institute of Southeast Asian Studies. (2007). An APEC trade agenda? The political economy of a free trade area of the Asia-Pacific. Singapore In stitute of Southeast Asian Studies. Pettis, M. (2013). The great rebalancing Trade, conflict, and the shaky road ahead for the world economy. Princeton Princeton University Press. Rebucci, A., Batini, N., Cova, P., & Pisani, M. (2009). Global Imbalances. Washington International Monetary Fund. Unger, R. M. (2005). What should the Left propose?. London Verso.For other resources, please take a look at our site Journal. If you need to place an order, please punish our website.

European Union and United Nations Essay

united Nations and European amalgamation argon two arrangings which argon very influential in the contemporary terra firma. The two institutions receive a very great role as utmost as instruction execution of rules and policy of different nature ar concerned. Each body is supercharged with specific roles to play in the pursuit of various purposes for the fragment postulates. fall in Nation draws its membership from across the board,almost all countries in the ball are members of this organization which was mainly created to promote peace among the nations.European Union on the several(prenominal) early(a) hand draws its membership from the heart of Europe,where most of the European nations are represented. The two organizations are charged with the role of mechanisming policies put forward or agreed upon by the member states. Each body has a chemical mechanism which ensures that these policies and rules are followed by the members. They have indexs to compel membe rs to adhere to the laid atomic pile rules.United Nation relies on the business offices granted by its guiding rules to implement the policies while European union largely depends on the constitution draw by member states spelling out procedures to be followed by the members as further as execution of policies is concerned. (Blacksell, M 1978) One of the main differences amidst the two bodies is the com line,European Union membership is drawn from nations which have a unwashed interest and are pursuing the same goals mostly on economical intergration,whereas United Nation is a conglomeration of states brought unitedly by the invention of promoting peace in the world.United nation membership is far and full(a) due to the reason that a country is member of the larger world community. Members have serious conflicting interests making it hard at times to reach a compromise in certain occassions. On the other hand European Union is more of a voluntary organizations where memb ers unification as a result of the benefits they are going to derive from much(prenominal) a union (Emadi, B 2002). They are non propelled by other reason such as fear of being labelled uncoperative just now rather for the benefit of creating a wider markets and opening up their economies.The European Union is a herculean entity which is rather an economic organization as contrasted to United Nation which more of a political institution. The main objective of the European Union was to allow free movements of goods and capital across the borders where for the United Nation it was to prevent another major war in the world or mainly prevent conflict between nations among other things that go along with the maintenance of peace in the world.In such an location members are not bound together by a normal goal merely rather as mere formality because they would interchangeable to be seen as countries which believe in a peaceful coexistence among nations. For those in the European Union it is more than maintenance of peace. They are bound together by the principles of creating a good enviroment for their economic advancement. (Bedjaou, M 1991) (Lister, F 1996) As an international organization,United nation has been facing problems as far as enforcement of the policies and rules is concerned.At times this has resulted to very serious consequences especially when members fail to abide by the rules set by the otganization. One of the main problem that has engulfed this institution is the looking that more or less members are not well represented. The in make upity as far as power is concerned has been a serious set back down when it comes to the implementation of policies in the body. The issue of veto power means that slightly members are more powerful than others meaning that there exists a power asymmetry in this organization.Though this may serve well for the radical as the powerful nations will force the others to play by the rules there is a danger o f this concept being misused by the powerful nations where they will be forcing others to play to their tune. On the other hand European Union presents a situation where member states operate on an equal ground (Lane, J 2006)As a supranantional government , European Union member countries have transferred some of their powers to this broader authority. This power is shared equally among the member states big them eacha an opportunity to observe get around and parcel of the organization.In such an system it becomes swooning to implement policies and rules set by the organization since members will wilingly be ready to comply as they are bound to benefit from such seetings. (Permott, A 2000) Though in both organizations it is possible for the member state to be forced by others to implement decisions made,in the Euopean Union it is rather not necessary to take such an action since most of the polies are reached finished consensus building. Therefore most of the members will be i n a position to impelement what the member country has passed.In the United Nations force can be used if a member state fails to go by the rules besides this does not mean that such measures are always successful. (Joachim, J and Locher, B 2009) Members have at one time or another draw back their contribution or their membership from the organization as a readjustment of their discontement with some of the policies adopted by the organization. The fact that United Nation applies convincing means to convince member states to comply with the rules and also take part in the implementation of policies place it in a flimsyer position as far as its operation are concerned.It is at a disadvantaged position since not all the members are willing to play by the rules. The mechanisms available to compel members to abide by the rules are also weak giving too much leeway to the rebel members. The issue of the power imbalance among member states also plays a great role in the impedement bein g experienced in the matters relating to the policy implementation. (Preston, L and Windsor, D 1997) The facts that European Union members are held together by many factors make it easy for the organization to manage its affairs.All members are bound to benefit in one way or another from the policies being adopted at any time. On the other hand United Nations experience difficulties implementing some of its policies due to the fact that the organization has a wider membership, and again the ideological differences play a major role as far as this is concerned. The thought by some of the members that they are inadequately represented makes it hard for the organization to employ mechanism which auger well for all the members (Ionescu, G 1974)When it comes to the implementation of international rules and policies United Nation stands a better chance but its bogged down by various issues surrounding its composition. The fact that some nations yield more power in terms of veto creates a n imbalance making other members feel that they are just used as mere pawns in rubber stamping decisions reached and brought down into their throats by the powerful nations. They feel that they are not part and parcel of some of the policies being adopted.On the other hand the issue of policy ownership in the European Union has played a great role as far as its successful implementation of policies and rules is concerned. Members participate fully in the reckoning and implementation of the policies. (Mckay, D (1996)ReferencePermott, A (2000) The New Politics of financial backing the UN, Palgrave Macmillan Bedjaou, M (1991) transnational Law and Prospects, Martinus Nijhoff Publishers Preston, L and Windsor, D (1997) The Rules of the Game in the Global Economy, Springer PublishersIonescu, G (1974) Between Sovereignty and Intergration, Taylor and Francis Emadi, B (2002) Rethinking International Organization, Routledge Taylor and Francis Blacksell, M (1978) Postwar Europe A political Geography, West discover barrack Joachim, J and Locher, B (2009) Transnational Activism in the UN and EU A Comparative Study, Taylor and Francis Lane, J (2006) Globalization and the Politics, Ashgate Publishing Mckay, D (1996) Rush to Union, Oxford University Press Lister, F (1996) The European Union, The United Nations and the Revival of the Cofederal Governance, Greeenwood Publishing co.

Key Principles of Economics

3 Key Elements of Economics There are many headstone factors that string up the economic system all which must(prenominal) get to together in order to effectively direct scarce inputs into appreciated outputs. For this purpose the focus leave be on 3 of those linchpin elements. this includes the idea of no such thing as a superintendentnumerary lunch, transactions as an obstacle to trade, and how the invisible hand directs buyers and sellers toward activities that increase global welfare. All three of these elements are essential for a greater spirit of how the economy thrives. In our mart, resources are limited yet humans zest for goods and services is nearly infinite.Because of this there is no such thing as a free lunch. The return closely commonly thought of in receiving lunch is the monetary approach however there are early(a) sacrifices as well. Productivity, which provides the money for that lunch, is a large sacrifice when we stop to defecate a lunch break as in this explanation. However, the main sacrifice to focus on is the speak to that we comprise for any good or service. This sacrifice is close tothing both consumers and producers must face. To say that you did not pay for the lunch you received still does not make it free to you or the somebody who paid the bill. It simply shifts the greet, it does not reduce it.As consumers we are al modes aspect to get more than for less. Yet what we do not see so directly, is how the cost of any given good influences us on what we film to corrupt. With out comparing the cost advantage of given products we as consumers would halt up using the money we had intended for groceries peradventure on former(a) items that are not of equal value. and indeed, if Sally goes out shopping with the purport of purchasing only a few essential items that her daughter result need for the winter weather and does not consider the cost of what she is buying she could easily over spend and have to s acrifice at the grocery store place store.Or maybe Sally impart then not be fit to heat her house effectively. Both of these are examples of items that are more essential to Sally and her daughters well cosmos than the brand name of her daughters clothing. This shows how by purchasing the more expensive clothes for her daughter Sally is no drawn-out capable to direct her resources as effectively as she could have had she perhaps taken her daughter to Goodwill and gotten clothes that are just as effective for less money. For producers the cost that most effects them is of the resources they use to make any given product.If a paper mill produces only deuce geeks of paper image A and quality B Then in order for the paper mill to produce 500 bundles of each type of paper the mill must accrue the cost of only being able to make 500 bundles of type A because they must similarly make 500 bundles of type B instead of 1000 of type A and none of type B. This also shows cost because 1000 bundles of type A is the cost of 0 bundles of type B. Trade is a unpaid exchange of goods of services however, trade cost the consumer and the producer.The producer must pay things like time effort, shipping, and negotiations in order to make the sale. These cost then get reflected on to the consumer in order to create a profit. motion cost are effected by several factors physical obstacles, omit or information, government taxing and regulations, and middle men. Physical obstacles such as rivers, mountains, and oceans all increase transaction cost because they increase the difficulty of acquire the product from the shipping point to the destination. This can be seen in the cost of nearly anything.If John orders a new muffler for his Toyota motor pedal and it has to be shipped from Japan he will incur a often larger transaction cost than if he had ordered the part topically because that muffler must travel across the ocean and possibly some other land barriers. Lack of i nformation is costly in the way of the producer and consumer. If the producer of an anatomy ledger is enumerateing to find a consumer they producer must spend valuable time looking for a consumer because they are unaware of where they might find the consumer.The same goes for the consumer who must look for a producer or other student who has the book he or she needs. This could also involve finding multiple sellers of the right book in order to compare price and get the most value for his or her dollar. This all takes time in which the producer and consumer could be doing more productive things therefore bringing in more income. As most people are well aware of the government increases transaction cost in varying ways including taxes, licensing requirements, price controls, tariffs, and quotas.E actually time I go to the grocery store I can look at my reception and see where I was taxed. Some things only have a 2. 5% tax others have a 5% tax. This increases my cost of trade by th e percentage of tax on every item I purchase in a given transaction. Government also increases transaction cost on other nations by enforcing tariffs in which a tax must be paid in order to import the goods shipped here to the U. S. other example is in licensing. If I want to go angleing lawfully I must first buy a fishing license. Therefore I must pay in order to go and fish for the good of potentially catching my dinner.The final element of economics that will be covered is the invisible hand, how market prices direct buyers and sellers toward activities that promote worldwide welfare. Every person is out for his or her own gain however, what he or she does not realize is that the invisible hand or market prices promotes the goals of others which leads to greater riches for everyone. For producers the actions of the consumer allows them to k at a time how to adjust to meet the demands of the consumer. It reflects information active a consumers preferences in regards to cost, timing, location and circumstances.For example if people are able to get canned pumpkin all year at the super market but around thanksgiving the demand for canned pumpkin sky rockets in Louisiana then the producer can then tell that they are able to raise the price of the pumpkin in Louisiana and because they raised the price they can also afford to fork over more cans of pumpkin with out the fear of the canned pumpkin expiring on the shelf. For the consumer to buy a product the consumer must feel they are getting at least the monetary value of the good they are buying.Therefore, if the pumpkin is priced too high the consumer will reduce the amount that they buy make spoilage and costing the producer. However, if the price is too low the producer will see a great increase is the purchase of the pumpkin because the consumer now thinks they are getting more for their money than before. This is how the invisible hand directs prices by showing when there is a surplus or shortage all owing for the market to self adjust to cross over clearing where there is very little excess or shortage in the real world.

Introduction to Axis Bank

INTRODUCTION TO axis vertebra jargon cashmaking(prenominal) verify buildinging run which includes merchant coasting, direct finance infrastructure finance, dissemble works ceiling fund, advisory, trusteeship, forex, treasury and opposite think monetary divine go. As on 31-Mar-2009, the base has 827 separatees, extension counters and 3,595 automated teller machines ( atmosp here(predicate)s). axis vertebra lodge was the first of the cutting privy cashboxs to turn oer begun trading summonss in 1994, aft(prenominal) the Government of India allowed invigorated private relys to be established.The patois was promoted jointly by the Administrator of the condition on a lower floortaking of the whole impudence of India (UTI I), Life amends peck of India (LIC) and world spacious Insurance fellowship of India (GIC) and new(prenominal) quaternity PSU insurance companies, i. e. National Insurance accompany Ltd. , The New India Assurance Company Ltd. , The O riental Insurance Company Ltd. and wholeed India Insurance Company Ltd. The lingo to solar twenty-four hrs is capitalized to the extent of Rs. 359. 76 corers with the public holding ( other(a) than promoters) at 57. 79%. The bevels Registered Office is at Ahmadabad and its rally Office is located at Mumbai.The bank has a very(prenominal) wide crystallisework of more than 853 subsectiones and Extension Counters (as on 30th June 2009). The throw outt has a network of over 3723 automated teller machines (as on 30th June 2009) providing 24 hrs a day banking convenience to its guests. This is one of the largest air networks in the landed land. The jargon has strengths in two(prenominal) retail and incorporate banking and is committed to adopting the best industry implements internationally in order to achieve excellence. HISTORY OF AXIS wedge In 1993, the vernacular was incorporated on 3rd December and Certificate of byplay on 14th Dece11mber.The chamfer trans def ends banking commerce of all description. UTI entrust Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. The bank was the first private sector bank to begin a license under the new guidelines affaird by the run batted in. In 1997, the blaspheme obtained license to work out as Depository Participant with NSDL and applied for enrollment with SEBI to exemplify as Trustee to Debenture Holders. Rupees 100 crores was contri only ifed by UTI, the relaxation behavior from LIC Rs 7. 5 crores, GIC and its four subsidiaries Rs 1. crores individually. In 1998, the Bank has 28 branches in urban and semi urban atomic number 18as as on 31st July. All the branches argon fully computerized and networked finished VSAT. automated teller go argon serviceable in 27 branches. The Bank came out with a public issue of 1,50,00,000 none of equity sh atomic number 18s of Rs 10 each at a premium of Rs 11 per shargon aggregating to Rs 31. 50 crores and Offer for sale of 2,00,00,000 No. of equity sh bes for exchange at a price of Rs 21 per share. Out of the public issue 2, 20,000 shares were cut into upd for allotment on preferential basis to employees of UTI Bank.Balance of 3, 47, 80,000 shares were cancelledered to the public. The company furnishs ambience witticisms, using which bank bill-holders can withdraw coin from any of the banks ATMs crosswise the country which is inter-connected by VSAT. UTI Bank has set uped a new retail product with usable flexibility for its customers. UTI Bank leave sign a co-brand agreement with the market, leader, Citibank NA for entering into the highly promising impute instrument panel business. UTI Bank promoted by Indias pioneer rough-cut fund Unit Trust of India on with LIC, GIC and its four subsidiaries.In 1999, UTI Bank and Citibank claim launched an international co-branded Credit card. UTI Bank and Citibank meet tell apart together to launch an international co-branded recognize card under the MasterCard umbrella. UTI Bank Ltd has inaugurated an off site ATM at Ashok Nagar here, taking the total bite of its off site ATMs to 13. m In 2000, the Bank has announced the launch of Tele-Depository function for Its prepareory clients. UTI Bank has launch of iConnect, its profits banking Product. UTI Bank has sign a memorandum of understanding with equitymaster. om for e-broking activities of the site. Infinity. com pecuniary Securities Ltd. , an e-broking outfit is Typing up with UTI Bank for a banking interface. Geojit Securities Ltd, the first company to start online trading serve, has write a MoU with UTI Bank to enable investors to buysell demat stocks with the companys website. India bulls deal signed a memorandum of understanding with UTI Bank. UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing imparts against shares to SCHCILs customers and fu nding investors in public and remediates issues.ICRA has upgraded the rating UTI Banks Rs euchre crore certificate of fixate programmed to A1+. UTI Bank has tied up with L&T Trade. com for providing customized online trading beginning for brokers. In2001, UTI Bank launched a private placement of non-convertible debentures to rise up to Rs 75 crores. UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. UTI Bank has recorded a 62 per cent rise in net profit for the draw off statusinate September 30, 2001, at Rs 30. 5 crore. For the bit quarter ended September 30, 2000, the net profit was Rs 19. 08 crore. The total income of the bank during the quarter was up 53 per cent at Rs 366. 25 crore. In 2002, UTI Bank Ltd has apprised BSE that Shri B R Barwale has resigned as a coach of the Bank w. e. f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, in addition retired from the banks board in the third quarter of last year. His place continues to be vacant. M Damodaran took over as the music director of the board after taking in the reins of UTI.B S Pandit has in addition conjugated the banks board subsequent to the retirement of K G Vassal. UTI Bank Ltd has assured that Shri Paul Fletcher has been appointed as an superfluous managing director campaigner of CDC pecuniary Service (Mauritius) Ltd of the Bank. And Shri Donald Peck has been appointed as an additive Director (nominee of South Asia Regional Fund) of the Bank. UTI Bank Ltd has informed that on egg laying d avouch the business of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank.In 2002, B Paranjpe & Abid Hussain cease to be the Directors of UTI Bank. UTI Bank Ltd has informed that in the meeting of the Board of Directors following decisions were murdern Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd were appointed as an Additional Director with immediate effect. Mr. N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect. ABN Amro, UTI Bank in pact to share ATM. UTI Bank Ltd has informed BSE that a meeting of theBoard of Directors of the Bank is scheduled to be held on October 24, 2002 to consider and take on record the unaudited half annually/quarterly financial results of the Bank for the half year/Quarter ended September 30, 2002. UTI Bank Ltd has informed that Shri J M Trivedi has been appointed as an alternate director to Shri Donald Peck with effect from November 2, 2002. In 2003, UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. UTI Bank, the private sector bank has opened a branc h at Nellore. The banks Chairman and Managing Director, Dr P. J. Nayak, inaugurating the bank branch at GT Road on May 26. Speaking on the occasion, Dr Nayak said. This marks a nonher step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to work out super banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have unyielding the following 1) To appoint Mr. A T Pannir Selvam, former CMD of Union Bank of India and Prof.Jayanth Varma of the Indian Institute of focus, Ahmedabad as redundant directors of the Bank with immediate effect. Further, Mr. Pannir Selvam bequeath be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured recoverable Debentures up to Rs. 100 crs, i n one or more tranches as the Banks Tier II capital. -UTI has been authorized to launch 16 ATMs on the occidental Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the ebt recovery tribunal at Mumbai to Recover Rs. 85cr in dues. -UTI bank made an entry to the diet Credit Program me it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr. P. J. Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card endorse Electron run low Currency Card -Allotment of 58923 equity shares of Rs 10 each under ESOP. UTI Bank ties up with UK govt fund for contract farm in -Shri B S Pandit, nominee of the Administrator of the Specified confinement of the Unit Trust of India (UTI-I) has r esigned as a director from the Bank wef November 12, 2003. -UTI Bank unveils new ATM in Sikkim. In 2004, Comes out with Rs. 500 mn Unsecured cashable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified trade union movement of the Unit Trust of India (UTI I) has been appointed as an Additional Director of the Bank w. e. f. January 20, 2004. UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shriram Group Cos -Unveils premium recompense deftness by dint of ATMs applicable to LIC UTI Bank customers Metal junction (MJ)- the online trading and procurement joint venture of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs an servic es to UTI Bank -HSBC completes acquisition of 14. 6% stake in UTI Bank for . m -UTI Bank installs ATM in Thiruvananthapuram -Launches Remittance Card in association with Remit2India, a meshing site offering currency transfer services In 2005, UTI Bank enters into a banc self-confidence partnership with Bajaj Allianz General for exchange general insurance products through and through its branch network. -UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. In 2006, UBL sets up branch in Jaipur -UTI Bank unveils priority banking lounge. precaution OF AXIS bank building Promoters axis vertebra Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI.The Bank was set up with a capital of Rs. one hundred fifteen crore, with UTI contributing Rs. 100 Crore, LIC Rs. 7. 5 Crore and GIC and its four subsidiaries contributing Rs. 1. 5 Crore each SUUTI Shareholding 27. 02%Erstwhile Unit Trust of India wa s set up as a body corporate under the UTI Act, 1963, with a view to encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of lowtaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from 1st February 2003.In accordance with the Act, the to a lower placetaking specified as UTI I has been transferred and vested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages assured return schemes along with 6. 75% US-64 Bonds, 6. 60% ARS Bonds with a Unit Capital of over Rs. 14167. 59 crores. The Government of India has short-changely appointed Shri K. N. Prithviraj as the Administrator of the Specified undertaking of UTI, to look after and administer the schemes under UTI where Government has continuing obligations and commitments to the investors, which it will uphold.MEANING OF WHOLE d epository financial institutionING subroutine The Wholesale Banking contains products sold to large and in- among market commercial companies, as substantially as to consumers on a wholesale basis. This includes alter, treasury management, mutual silver, asset-based lending, commercial real estate, corporate and institutional trust services, and investment banking through well Fargo Securities. The company withal owns Baring ton Associates, a middle market investment bank.Wells Fargo historically has avoided large corporate brings as complete products, instead requiring that borrowers purchase other products along with loans which the bank sees as a loss leader. One area that is very profitable to Wells, however, is asset-based lending lending to large companies using assets as collateral that are not normally use in other loans. This can be compared to subprime lending, but on a corporate level. The main brand name for this activity is Wells Fargo Foothill, and is fixingl y marketed in tombstone ads in the Wall Street Journal.Wells Fargo to a fault owns Eastdil Secured, which is described as a real estate investment bank but is essentially one of the largest commercial real estate brokers for very large legal proceeding ( much(prenominal) as the purchase and sale of large Class-A office buildings in central business districts throughout the United States). The wholesale banking operations consist of the following accomplishments 1. Opening of narration 2. Issue of get a line record 3. International notice / Credit Card 4. Issue of bespeak Draft (DD) 5. Net banking 6. e-mail statement 7. phone banking 8.Insta Query 9. Insta merry 10. Bill pay 11. Passbook 12. Quarterly vizor instruction 13. bestow Facility definitions of banking * A bank is a financial institution certify by a government. Its first activity is to lend money. umpteen other financial activities were allowed over cadence. For example banks are important players in financi al markets and offer financial services such as investment funds. * Banking can as well as be defined as engaging in the business of keeping money for savings and checking flyers or for exchange or for result loans and character. Transacting business with a bank depositing or withdrawing funds or requesting a loan. * Bank a supply or stock held in reserve for future use (e specially in emergencies) MEANING of BANK An organization, usually a corporation, chartered by a state or federal official government, which does most(prenominal) or all of the following receives demand deposits and time deposits, honors instruments careworn on them, and pays interest on them discounts notes, makes loans, and invests in securities collects checks, drafts, and notes certifies depositors checks and issues drafts and cashiers checks.PRADUCT OF AXIS BANK * Easy recover Saving forecast * Saving bank bill for Women * Prime Saving Account * Senior Citizens Saving Account * Priority Banking * u nified Salary Account * Trust /NGOs Saving Account * Resident Foreign Currency Account * Online Trading Account * Current Account * Term Deposits * Locker Facilities * NRI run * Depository work * Financial Advisory function * Wealth charge Services * Insurance Solutions Life and General * Retail Loans * Credit Loans * Travel Currency Cards * Remittance Cards CUSTOMER SERVICE IN BANKING OPERATION CHEQUE DROP BOX FACILITY run batted ins charge on Procedures and Performance Audit on worldly concern Services have recommended that both the drop box celerity and the mental quickness for acknowledgement of the ticks at the regular collection counters should be improvementable to customers and no branch should refuse to give an acknowledgement if the customer postage stamps the check outs at the counters. * ISSUE OF CHEQUE BOOK The Committee has observed that most banks do not allow depositors to collect their cheque book at the branch but insist on dispatching the cheque boo k by messenger to the depositor.Further, it is stated by the Committee that the depositor is forced to sign a declaration that a dispatch by the courier is at the depositors risk and consequence and that the depositor shall not hold the bank probable in any manner whatsoever in respect of such dispatch of cheque book. Committee has observed this as an unfair practice and advised banks to refrain from obtaining such undertakings from depositors. Banks should similarly ensure that cheque books are delivered over the counters on request to the depositors or his authorized representative. STATEMENT OF cypher / PASS BOOK The Committee has noted that banks invariably show the entries in depositors passbooks / statement of describes as By Clearing or By Cheque. Further, in the case of Electronic Clearing System (ECS) and RBI Electronic Funds Transfer (RBIEFTR) banks invariably do not show any situations even though brief particulars of the remittance are reard to the receiving ba nk. In some cases computerized entries use sophisticated codes which just cannot be deciphered.With a view to avoiding inconvenience to depositors, banks are advised to avoid such enigmatical entries in passbooks statements of story and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of floor. Banks whitethorn also ensure that they adhere to the monthly periodicity plus by us while sending statement of key outs. TRADITIONAL BANKING ACTIVITIES Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers current accounts.Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM. Banks borrow money by judge funds deposited on current accounts, by accepting term deposits, and by yield debt securities such as banknotes and bonds. Banks lend money by making advances to cus tomers on current accounts, by making initiation loans, and by investing in marketable debt securities and other forms of money lending. Banks rear almost all payment services, and a bank account is considered critical by most businesses, individuals and governments.Non-banks that provide payment services such as remittance companies are not normally considered an enough substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases adequate substitute for bank loans, and money market funds, cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks. ACCOUTING FOR BANK ACCOUNTBank statements are accounting records produced by banks under the various accounting standards of the world. Under GAAP and IFRS there are two kinds of accounts calculate and cre dit. Credit accounts are Revenue, Equity and Liabilities. calculate Accounts are Assets and Expenses. This means you credit a credit account to enlarge its quietus, and you debit a debit account to increase its balance. This also means you debit your savings account both time you deposit money into it (and the account is normally in deficit), while you credit your credit card account every time you spend money from it (and the account is normally in credit).However, if you read your bank statement, it will govern the opposite that you credit your account when you deposit money, and you debit it when you withdraw funds. If you have cash in your account, you have a positive (or credit) balance if you are overdrawn, you have a negative (or deficit) balance. The reason for this is that the bank, and not you, has produced the bank statement. Your savings might be your assets, but the banks li dexterity, so they are credit accounts (which should have a positive balance).Conversely, y our loans are your liabilities but the banks assets, so they are debit accounts (which should have a also have a positive balance). Where bank transactions, balances, credits and debits are discussed below, they are done so from the viewpoint of the account holder which is traditionally what most people are utilize to seeing. frugal FUNCTION * ISSUE OF MONEY In the form of banknotes and current accounts accede to cheque or payment at the customers order. These claims on banks can act as money because they are negotiable and/or re payable on demand, and hence valued at par.They are effectively transferable by mere delivery, in the case of banknotes, or by drawing a cheque that the payee may bank or cash. * NETTING AND SETTELEMENT OF PAYMENT Banks act as both collection and paying agents for customers, participating in interbank clearing and solvent arrangements to collect, present, be presented with, and pay payment instruments. This enables banks to economies on reserves hel d for settlement of payments, since inward and outward payments offset each other. It also enables the offsetting of payment flows between geographical areas, reducing the cost of settlement between them. * CREDIT mediation Banks borrow and lend back-to-back on their own account as middle men. * CREDIT QUALITY IMPROVEMENT Banks lend money to run-of-the-mill commercial and person-to-person borrowers (ordinary credit tone), but are high character borrowers. The improvement comes from diversification of the banks assets and capital which provides a buffer to absorb losses without defaulting on its obligations. However, banknotes and deposits are generally unsecured if the bank gets into difficulty and pledges assets as security, to rise the funding it call fors to continue to give-up the ghost, this puts the note holders and depositors in an economically subordinated position. MATURITY TRANSFORMATION Banks borrow more on demand debt and short term debt, but provide more long t erm loans. In other words, they borrow short and lend long. With a healthfuler credit quality than most other borrowers, banks can do this by aggregating issues (e. g. accepting deposits and issuing banknotes) and redemptions (e. g. withdrawals and redemptions of banknotes), maintaining reserves of cash, investing in marketable securities that can be pronto converted to cash if undeniable, and raising replacement funding as needed from various sources (e. g. wholesale cash markets and securities markets).BANKING CHANNELS Banks offer many different channels to glide slope their banking and other services * A branch, banking centre or financial centre is a retail location where a bank or financial institution offers a wide array of face to face service to its customers. * ATM is a computerized telecommunications device that provides a financial institutions customers a method of financial transactions in a public blank without the need for a human clerk or bank teller. close ban ks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users.For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the banks account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank. * Mail is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties.Banks also normally use mail to deliver periodic account statements to customers. * band banking is a service provided by a financial institution which allows its customers to arrange transactions over the telephone. This normally includes bill pa yments for bills from major billers (e. g. for electricity). * Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building societys secure website. * unsettled banking is a method of using ones mobile phone to conduct simple banking transactions by remotely linking into a banking network. Video banking is a term used for performing banking transactions or professional banking consultations via a remote photograph and audio connection. Video banking can be performed via purpose built banking transaction machines (similar to an Automated teller machine), or via a videoconference enabled bank branch. TYPES OF INVESTMENT BANK * Investment banks underwrite (guarantee the sale of) stock and bond issues, trade for their own accounts, make markets, and advise corporations on capital market activities such as mergers and acquisitions. * Merchant banks were traditionally banks which engaged in trade finance.The modern d efinition, however, refers to banks which provide capital to firms in the form of shares rather than loans. Un equivalent venture capital firms, they tend not to invest in new companies. mortgage BANKING owe banking deals primarily with originating mortgage loans and servicing them. Read more somewhat it here as well as about what a career in mortgage banking involves. Mortgage banking is meant for a single purpose, to service the real estate finance industry. Mortgage banking deals specifically with originating mortgage loans as well as servicing them.Mortgage banks are state-licensed entities from which consumers can get mortgage loans directly. Usually, mortgage banks avail funds from the Federal National Mortgage Association, or FNMA, also know as Fannie Mae, the Federal Home Loan Mortgage Corporation, or FHLMC, also known as Freddie Mac, or any other large companies that service mortgages, which are related to the alternate mortgage market. Here are a few pointers about the nitty-gritty of mortgage banking. * MORTGAGE BANK distinguish IN MORTGAGE LOANS Unlike a savings bank that is federally chartered, in general mortgage banks specialize in only providing mortgage loans.Hence, customers do not deposit their money in these banks. As has been mentioned above, the unessential wholesale market is their primary source of funds. Freddie Mac and Fannie Mae are examples of the lenders in the secondary market. * MORTGAGE BANKS DIFFER IN SIZE While some mortgage banks can be nationwide, others can originate a book of loan that can exceed that of a commercial bank that is nationwide. Many of these mortgage banks utilize specialty servicers like current Time Resolutions to utter out tasks like fraud detection work and repurchase. MORTGAGE BANKS give birth TO SOURCES OF RAVENUE The two main sources of income are from loan servicing fees (if they are into loan sevicing0, and fees from loan origination. Mortgage bankers, by and large, are choosing not to ser vice the loans they have originated. That is because they are entitled to earn a service-released premium by selling them soon after the mortgage loans are closed and funded. The investor in the secondary market that purchases the loan has the ability of earning revenue for providing servicing of the loan every month the borrower keeps the loan. DEFFERENT BANKING LAW APPLY TO MARTGAGE BANK Mortgage banks usually operate under banking laws that are quite different, according to the state they operate in. You will need to check each individual states financial department or state banking in order to get amount of mortgage bankers in each state. While federal laws apply to the operation of a federal bank, in terms of consumer protection, usually consumers have additional rights, which are applicable according to each state. * MORTGAGE BANKERS CAN BE MORE COMPETITIVE Since they only specialize in lending and do not have to subsidize any of the losses that other departments may have in curred, as in regular banking, mortgage bankers have the ability of being really competitive when lending for mortgage. However, they usually do not have the advantage of accessing adjustable rate mortgages that are low cost, which federal banks are typically associated with, and federal money access. * A CAREER IN MORTGAGE BANKING Professionals in mortgage banking in the job market straight off need to have a college degree in business or finance, or some specific experience or training related to the field.Skills in good customer service, an inherent ability with numbers, and computer skills are also essential requirements for mortgage banking jobs. A mortgage banking professionals job involves reviewing credit scores, determining the kind of loan that is most skillful for the customer and guiding them through the process of application as well as closing. The loan officer has to be very organized and detail oriented, and need to be able to handle the large amounts of paperwork and reporting that are required for getting loans approved, up to the closing.A mortgage banking professional also has to have thorough know-how about the regulations associated with federal mortgage as well as the various types. KYN (KNOW YOUR CUSTOMER) As per KYC guideline the RBI has advised banks to follow KYC guidelines of RBI mandates banks to collect three proofs from their customers they are 1 Photograph 2 conclusion of Identity 3 Proof of address Accordingly, axis vertebra bank has close in its KYC procedure according to which, a photograph and documentary proof of personal identification and address proof are required t be provided.The account Opening form provides the nature of documents required / procedure to be followed for opening a new account. You may also log in to our website www. axisbank. com for such information which is displayed product-wise. ORGANIZATION STRUCTURE OF AXIS BANK deliver ACCOUNT INFORMATION Definition A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing. * TYPE OF SAVING ACCOUNT IN AXIS BANKING * * ZERO sense of equilibrium SAVING ACCOUNT At axis of rotation Bank it has been constant endeavor to create products specifically catering to your needs.The account while offering a whole range of services also addresses your latent need of having an account without the hassle of maintaining an reasonable quarterly balance. * FEATURES 1. No Average Quarterly Balance requirement 2. gratis(p) International Debit Card with an misfortuneal Insurance cover up to Rs. 2 lakhs* (charges for the primary holder are waived) 3. bare(a) mobile banking facility 4. Access through more than 825 branches and more than 3595 ATMs 5. At-Par cheque facility with the clearing limit of Rs 50,000 6. 247 Tele banking & Internet banking . Free quarterly statements 8. Free monthly e-statement * antecedent APPLY 1. Initial funding of Rs. 5,500. 2. Account maintenance fee of Rs. 500 per a nnum * KRISHI SAVING ACCOUNT (KHETI HO KHUSHAHALI KI) Axis Bank offers a unequaled savings account which is easy to operate and allows you to transact immediately. This product has been specially designed keeping in mind the unique requirements of a sodbuster and true to its nature has been called the Krishi savings Account. Some of the features of our new product are * AVERAGE BALANCE REQUIREMENT This account is offered with the requirement of maintaining the half-yearly average balance of Rs 1000 only. * INTERNATIONAL MASTER DEBIT CARD The Krishi nest egg Account entitles you to an International Master Debit Card with which you can access your account anytime through the Axis Bank ATM network go off of cost. This card comes with a cash withdrawal limit of Rs 25,000 per day. Free Accident Insurance cover of Rs 2 lacks. * ANYWHERE BANKING Being a Krishi account holder, you are entitled to access our wide network of more than 825 branches and 3595 ATMs across 440 cities.You can now easily carry out your transactions through any of the branches or ATMs. * AT PER CHEQUE BOOK Your Krishi nest egg Account comes with the At-Par Cheque facility. This facility enables you to en cash the cheques as local instruments at any of the 440 centers where the Bank has its presence, at no extra cost. Moreover, you can also issue cheques at other centers up to the limit of Rs 50,000. * EASSY ACCES SAVING ACCOUNT(BANKING make EASY) * A Accessibility * C Convenience * C Comfort * E Earnings * S Speed * S Service Want a savings account that transcends geographical boundaries?Presenting, Axis Banks Easy Access Savings Account. The account is an endeavor by the Bank to understand the consumers needs and define banking to suit your requirements for a truly comfortable banking experience. Easy Access Savings Account gives you instant access to your money anywhere, anytime. Possessing a range of crotchety features, it has been devised to better suit the convenience of our ecl ectic client base. You can avail of all these services with a negligible quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. ,500 in semi urban centers and Rs. 1,000 in rural centers. * At-par cheque * ATM Network * anyplace Banking * Tele banking * iConnect * Mobile Banking * Quarterly account statement * Quarterly interest 3. 5 % per annum * Free monthly e-statement. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000 in rural centers. * CORPORATE net profit ACCOUNT Our Corporate Salary Power Offering is designed to offer payroll solutions through in a 24 X 7 environment.We leverage on our extensive network of distribution channels break across 450 centers through a network of more than 827 branches and 3595 ATMs besides our superior service delivery model and product features, as a strong differentiator, to provide value to the end user. * BENEFIT TO EMPLOYERS * Efficient salary disbursal. Web Upload Transfer salaries/reimbursements directly from your current account with Axis Bank to your employees accounts using I Connect from your office. * Single-instruction salary credit Same day salary credits for all companies having Corporate Account with Axis Bank.Dedicated descent animal trainer at metro locations to understand the financial requirements of your employees. * BENEFIT TO EMPLOYEES * No minimum balance criteria. * Unparalleled Access Anywhere banking facility through our network of Branches, ATM and Internet banking facility. * AT Par cheque books payable locally at all Axis Bank locations. * International Debit cum ATM cards with enhanced bills withdrawal facility and other value add ones. * Online Banking with funds transfer, online shopping and bill payment options. * Depository services with free online trading accounts. Meal Cards on a master card platform. * Employee Reimbursement accounts as a savings a ccount variant. Preferential pricing on loan products and credit cards and other banking products services. CURRENT ACCOUNT INFORMATION * CHANNEL ONE (FOR SUCCESSFUL BUSINESSES) The shift One Current Account is an effort in that direction where we take care of your day to day banking requirements leaving you with more time for your business. street One Current Account is most appropriate choice of no-hit businesses. At a monthly Average Balance (MAB) of Rs. 10 lacks. FEATURES 1.Relationship Manager 2. Doorstep Banking 3. Anywhere Banking 4. Free Internet Banking 5. Free 24 hour Tele banking 6. Mobile Banking Service 7. International debit card 8. cheque tax shelter Facility 9. Free 24 hour cheque deposit facility 10. Payment of Government Taxes/ Dues 11. Foreign exchange services. * ZERO HASSLE BALANCE Small businesses rising on the reaping graph need the right of nurturing and appropriate solution for their growing banking requirements. Recognizing these needs, Axis Bank pre sent you the local Current Account geared to answer all kinds of local business requirements.At a monthly Average Balance (MAB) of Rs. Nil. FEATURES 1. Zero Balance facility 2. 75 free transactions every month 3. Rebate on Annual Charges 4. Up front Annual Fee 5. Mobile Banking 6. ATM cum International Debit Card 7. Free Internet Banking 8. Tele banking 9. Free Monthly Account Statement * BUILDERS AND REAL ESTATE Axis Bank understands the increasing demands on businesses in this segment . Heres presenting the Axis Bank Builder Real Estate Current Account a current account with unparalleled product features built to suit Builders Realtors exclusively.This account offers you unmatched convenience while adding financial value to your businesses spread over geographies. . At a monthly Average Balance (MAB) of Rs. 5 Lacks this account comes loaded with special facilities and benefits, most appropriate for your business. FEATURES 1. Home Branch Cash Deposit 2. Non Home Branch Cash Wit hdrawal 3. Free Anywhere Banking 4. Cluster facility 5. Zero Balance account for Vendors and Suppliers 6. Franking Facility 7. client cheque printing 8. Internet Banking 9. Free 24-hour Phone banking 0. Mobile Alerts 11. ATM cum Debit Card 12. Free Monthly Account Statement TRAINING AND WHOLE BANKING OPERATIONS * CORPORATES Corporate Banking reflects Axis Banks strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. We achieve this through innovative product development and a well-integrated approach to relationship management. * Funded Services Working Capital Finance, Bill Discounting, Export Credit, Short Term Finance, organize Finance, Term Lending. Non Funded Services Letter of Credit, parade of Documents, Bank Guarantees. * Value Added Services Syndication Services , Real Time Gross Settlement, Cash Management Services, Corporate Salary Accounts, Reimbursement Account, Bankers to Right/Public Issue, Fo rex Desk, Money Market Desk, Derivatives Desk, Employees Trusts, Cash surfeit Corporate, Tax assemblage. * Internet Banking Supply Chain Management, Corporate Internet Banking. elflike AND MEDIUM ENTERPRISES At Axis Bank we understand how much of catchy work goes into establishing a successful SME.We also understand that your business is anything but small and as demanding as ever. And as your business expands and enters new territories and markets, you need to keep pace with the growing requests that come in, which may lead to purchase new, or updating existing plant and equipment, or employing new ply to cope with the demand. Thats why we at Axis Bank have assembled products, services, resources and practised advice to help ensure that your business excels.Solutions are designed to meet your varying needs. The following links will help you identify your individual needs. Funded Services Funded Services from Axis Bank are meant to directly bolster the day-after-day working of a small and a medium business enterprise. From working capital finance to credit substitutes from export credit to construction equipment loan we cater to virtually every business requirement of an SME. Click on the services below that best define your needs Non-Funded Services Under Non-Funded services Axis Bank offers solutions that act as a accelerator pedal to propel your business.Imagine a situation where you have a letter of credit and need finance against the same or you have a tender and you need to equip yourself with a guarantee in order to go ahead. This is exactly where we can help you so that you dont face any roadblocks when it comes to your business. The following are the services that will precisely tell you what we can do Business Accounts, Letters of Credit, Collection of Documents, Axis Bank Trade, Guarantees, Cash Management Services, Money Market Desk, Derivatives Desk, Services to Cash Surplus Corporate, Services to Employee Trusts, Bankers to Rights/Publi c Issue, Tax Collection.Specialized Services Axis Bank is one of the most trusted entities when it comes to specialize services like selling of precious metals to customers. Under specialized services you can also avail customized control of your value kitchen stove through our internet banking platform. Value Added Services There is a plethora of services that we offer under value added services. Theres corporate salary account which ensures smooth payment methods to your staff. You can avail an assortment of credit cards and debit cards from our merchant services.The following are the highlights of this service Real Time Gross Settlement, Reimbursement Account, Custody Services, Corporate Salary Accounts, Merchant Services, Axis Bank Gold Business Credit Card. Internet Banking Internet banking is a revolutionary service under the banking sector and Axis Bank is a forerunner in providing you with this service. We provide state-of-the-art payment gateway services to industries a nd companies in order to ease transaction processing. This in turn enhances the credibleness of your business and makes banking extremely cost-efficient.GOVERNMENT SECTOR Axis Bank acts as an spry medium between the government and the customers by means of various services. These services include * Tax Collection wherein customers can directly pay their taxes like Direct taxes, Indirect taxes and Sales Tax collections at their local Axis Bank * E-Ticketing Helps the customer by providing him a direct access to book a Railway Ticket online and get it home delivered * * Opening of L/Cs is done by the bank on behalf of Government of India, Mints and Presses, thus facilitating imports for the Government. Collection of levies and taxes on behalf of Municipal Corporations i. e. Kalyan -Dombivli Municipal Corporation, is undertaken by the Bank. * Disbursement of Pension to retired Employees of interchange Govt and Defense is directly done by Axis Bank along with the disbursement of pe nsion to the members of EPFO (Employees Provident Fund Organization) * Electronic Collection of fees on behalf of DGFT is done by the bank too * Ministry of Corporate Affairs Collection of ROC fees for the Ministry through authorized Branches and Net Banking.Collection of Property Tax through Selected Branches on behalf of Municipal Corporation of Delhi. FINDINGS AND SUGGESTIONS * FINDINGS 1. Bank is having 853 branches all over the country. 2. The number of branches should be increased. * SUGGESTIONS- 1. Number of Branches should be increased covering a wider area in various states. 2. A wide publicity to be given about the organization and its products through various means of communications to keep growth moments. 3. More number of training and educational programmers should be included in Banks schedule. . Developing a breeding culture through continuous learning process. COMPETETIORS * ICICI Bank Ltd. * HDFC Bank Ltd. * State Bank of India * HSBC Bank * RBS (Royal Bank of Sc otland) * Maharashtra Bank of India * Canara Bank * Andhra Bank * IDBI bank * Bank of India * Punjab National Bank * key Bank * Allahabad Bank * ING Vysya * Centurion Bank CONCLUSION Axis bank has veritable manifold in short period of time due to facilities and services provided to their customer and this growth rate can be keep it up if they start to go in semi-urban areas.In last couple of years they have opened new many branches and they should open many more. The working staffs are very co-operative in nature and due to that the bank will also get good benefit. Axis Bank has provided their customer Net-banking facilities and due to that transactions are done fast. Charges at Axis Bank are on lower side when we compare it with other Banks BIBLIOGRAPHY SR. NO. reference 1 * A New Beginning The Turnaround Story Of Indian Bank 2 * Bank Marketing Concepts And Applications Banking And Finance 4 Banking Developments in India 5 Basics of Banking 6 Bank leaflet and Boucher 7 Inter net CONTENTS * INTRODUCTION TO AXIS BANK * HISTORY OF AXIS BANK * MANAGEMENT OF AXIS BANK * DEFINITION OF BANK * PRODUCT OF AXIS BANK * CUSTOMER SERVICE IN BANKING OPERATION * TRADITIONAL BANKING ACTIVITIES * ACCOUNTIG FOR BANK ACCOUNT * ECONOMIC FUNCTION * BANKING CHANNELS * TYPES OF INVESTMENT BANK * MORTGAGE BANKING * ORGANISATION STRUCTURE * FINDINGS AND SUGGETIONS * COMPETETIORS * CONCLUSION * BIBLIOGRAPHY

Ab221 Customer Service

Running head On-Time technology Products Complaint On-Time technology Products Complaint Kaplan University AB221 Customer operate Tina Engle March 30, 2011 On-Time Technology Products Complaint On-Time Technology Products (OTTP) sells products related to time, and Mark MacGibson is the new chairwoman of OTTP. OTTP has seldom had any node distempers because the companies top priority is customer service. Mary Graff, the supervisor for the Customer Service Representatives plans was to take OTTP to an innovative level of excellent customer service.Unfortunately, one daylight the death chair received a ailment in written from a disabled person, that has prompt his immediate attention. The complaint was in reference to the interposition given by a sales representative (Joanne) during the persons cry to the store. The complaint read, Today I was at your store and wanted to purchase a new laptop computer computer. I never write companies when small incidents slip by (relative to my disability of being in a roulette seethechair), but I notion that todays behavior by your sales staff was over the top and warrants this letter.I chose to inform you, the President, so that others in my circumstance at your part of business leave alone not be so offended. I felt very patronized when, after asking a suspicion of your service/sales representative Joanne, she responded in an almost childlike division not once, but three times Then she proceeded to lean on my wheelchair as she was demonstrating the laptop to me. I felt it would have been more usurp for here to use a chair, but when I suggested she do so, she said, Oh this will only take a minute or so and wherefore continued to lean over me for another(prenominal) five minutesI am incensed enough to write this letter By the way, after leaving your store I will purchase my laptop from another store within the hour. After reading this person written complaint I have come to the conclusion that this complai nt is legitimate because Joanne did not serve the disabled customer properly. Joannes communication with the customer was conflicting because she spoke in a child like voice, and leaned on the customers wheel chair.Where in actuality, Joanne should have spoke to the customer in a normal tone voice (instead of a childlike voice), sat in a chair at eye level to the customer in the wheel chair (instead of leaning on the persons wheel chair), and continuing to lean on the customers wheel chair after the customer told her what they would prefer for her to do. In my opinion, the President Mr. MacGibson should call (if their telephone number is available), or communicate with this customer personally, and abide his sincere apology as advantageously as pay for what took rear in their store.What I think Mr. MacGibson responds should is Hello Sir. /Mama, I am Mr. MacGibson the President of On-Time Technology Products and I would like to give you my sincere apology for what took place at our store during you visit. I would like to inform you that the mannerism Joanne showed during your visit is unacceptable, and was not the protocol of OTTP. To assure that this does not happen again I will personally make sure that all of our employees are well trained, and aware of the Americans with Disabilities Act.In closing, I would also like to offer you compensation for what took place at our establishment although you stated you have purchased a laptop from another business. I would recommend that Mr. MacGibson put into play extensive discipline at OTTP with understanding disabled customers, customer behavior, and exceptional service, and that should assure to view as up OTTPs reputation of seldom complaints. I say this because as a customer coming into an establishment they need to be understood, welcome, important, and soft with the sales representative. References The World of Customer Service, 2nd edition Pattie Gibson-Odgers (2008).

Experiment Essay

The primary focus of experiment 4 was to study a student the basic solubility rules of salts in aqueous outcomes. after(prenominal) developing and using a scheme for the qualitative analysis of ternary cations in an aqueous mixture, a student would use a spin to identify, pass, and reprinting the three ions in the mixture. afterward becoming familiar with both three cations, the student would use the scheme again to identify at least two of the cations in an unknown solution.In order to sire the separation process, HCl is added to the mixture of cations to form the precipitates and separate the chlorides of Ag+, Pb2+, and HG22+. It is important non to add too much HCl because an excess would form the soluble complexes of AgCl and PbCl2. by and by the HCl is added, it is centrifuged to form a solid precipitate that contains all three cations and separate them from the supernatant liquid. Finally, another drop of HCl is added to test for completeness of precipitation and ce ntrifuged again if the solution remains incomplete.To separate the lead (II) ion from the sample of solution, it must be set-apart from the insoluble Hg2Cl2 and AgCL salts by dissolving it in hot water. Once it has been change state from the other two cations, it is centrifuged and the liquid is decanted into another test tube. Once in the other test tube, a drop of 6.0 M acetic pane of glass and two drops of 1.0 M K2CrO4 is added to the saved liquid.If the lead (II) cation is extradite, a yellow precipitate forms and ensures the front of that cation. When testing my unknown solution, the lead (II) ion was not present in my solution. To advertize separate the cations, 1.0 mL of 6 M NH3 is added to the saved precipitate. After adding the ammonia, the mixture is centrifuged and the liquid is once again decanted into another test tube. If a gray or black precipitate forms, this proves the presence of Hg22+. The mercury (I) ion was present in my unknown.Finally, separating the sil ver ions from the sample solution mixture is accomplished in the prior step when the mercury ion is centrifuged. In order to test for the presence of silver ions, 1 mL of 6M HNO3 is added to the solution from the prior step. The silver precipitates in this acidic solution. If a white precipitate appears, silver is present in the solution. The presence of a white precipitate in the solution proves that at that place were silver ions in my unknown. By following the scheme for the qualitative analysis, it was honest to separate and test for the presence of the target cations. It was critical to correctly track every one of the liquids to ensure the correct reactions. No other difficulties prevented triumph in the experiment, but performing the experiment several times would further reinforce the outcome of the experiment.

Bullying and Marsh Et Al Essay

Everyday thousand of teens wake up terrified of attending school. rough one in seven schools, a child is either a bully or a victim of intimidate. bullyrag is simply delimitate as a type of aggressive behavior that involves intent to receive harm and a power imbalance (Olweus, 1999). Bullying tramp function anywhere from psychological, physical (involving kicking and punching), verbal or cyber abuse. Bullying among children can be considered as a form of abuse (0-). It has been put off that bullying is a division of aggressive behavior and has been further characterized as repetitive and an inability on behalf of the victim to defend him or herself (Farrington, 1993, cited it Sapouna, 2008). We fancy from Sapouna (2008) that bullying can take the form of verbal (name calling), physical (hitting, kicking) or relational (deliberate exclusion from a root word, spreading of malicious rumors). After abundant research in Scandinavia, Olweus(1993, cited in Kumpulainen et al.,1998 ) proposed that bullying can be carried bring out by one or more youngs and usually occurs on iterate occasions, and to rough extent, it occurs in all schools.Recently bullying amongst young commonwealth has gain notoriety in the press due to the extreme results it has had on certain young idiosyncratics. An example of this is Sian Yates, a 13 year white-haired girl who committed suicide after repeated bullying (Daily Mail, 2007). disdain the press attention given to these cases, the extreme consequence of suicide does not occur in the majority of cases. Victims can suffer from a array of harmful effects such as humiliation, anxiety, depression, difficulty with interpersonal relationships, and emotional instability. This lead to the finding of Kumpulainen et al., (1998) that bullying is a common phenomenon among children who argon psychologically disturbed. The writer went on to say that there be higher grade of psychological distress among both bullies and victims than those not involve. However, the literature is consistent in noting that the bullied victims are the most troubled of the bully, victim, bully victim triad (Juvonen et al., 2003 Ma, 2001 Pellegrini, 2002 Pellegrini et al., 1999Salmivalli & Nieminen, 2002, cited in Cunningham, 2007).Should these lead agencies to focus more on protecting the victim? around schools father decided that the way forward is to have zero gross profit margin policies. This may include all students who bully. However, if certain researchers numbers game are correct it could mean excluding from school, forty percent of the school of age(p) population. Given the widespread nature of the problem can zero allowance really mean, Zero tolerance? We learn from the NHS website teens for health (2008) that anyone can be singled out by bullies. The NSPCC found that 31 per cent of children had been bullied at some point (Teens for health, 2008). This creation the case, can anyone be bullied? Black and Jackson (200 7) have put forward that there lies and an imbalance of power between the departmenties conglomerate in bullying. The bully is stronger through social status, physical prowess, age, cognitive abilities or skill. Is this imbalance of power the same across the genders?There is an extensive eubstance of literature that suggests that boys are more likely than girls to be bullies as wholesome as victims (Nansel et al.2001 Boulton & Smith, 1994 Boulton & Underwood, 1992, cited in Marsh, Parada, Craven, &Finger, 2004). This doesnt mean girls cannot be bullies. Stephenson and Smith (1989, cited in Kumpulainen et al., 1998) found that girls as well as boys fitted into the five main groups of battalion involved in bullying. These are dominating bullies, anxious bullies, bully-victims, simple victims, and provocative victims. These traits were also found by Sourander,Helstel, Helenius and Piha (2000) to have clinical implications. Sourander et al., (2000) storied that Bullying is especi ally associated with aggressive and antisocial behavior while using is associated with internalizing problems.Whitney and Smith, (1989, cited in Kumpulainen et al., 1998) found bullies to be more prone to have sorry convictions later in flavor, and more likely to be involved in serious, recidivist crime. Are criminal convections later in life a fair punishment for their actions? Or should something be done to swear out the bully? This leads to the question as what is the nature of these young people that distinguish them prone to being a victim or a bully. In the search for a personality construct, many researchers have come to the treaty that bullies are deficient in social information processing or may be intellectually disadvantaged (Besag, 1989, cited in Marsh et al., 2004). The use of Crick and Dodge (1994, cited in Marsh et al., 2004) explained that bullies responses to social situations are being met with a filtration process.This cognitive filter is based on an aggres sive individual interpreting neutral or ambiguous cues as hostile and therefore, make them more likely to engage in aggressive behaviors (Marsh et al., 2004). This was also seen to be the case in Bosworth, Espelage, and Simon (1999, cited in Marsh et al., 2004) when a sample of adolescent high school students showed that misconduct, anger, and beliefs supportive of violence were significantly related to bullying behaviors. Although bullying is an aggressive act, this does not imply that bullies and aggressive or conduct-disordered individuals are a homogenous group. Sutton et al (1999, cited in Marsh, 2004) put forward that bullies were part of a complex environment where they are require to negotiate and associate mental states to themselves and others to explain or predict their behavior. This idea contravenes the notion that bullies are cognitively inept or simple in their interactions with peers (Sutton et al 1999, cited in Marsh, 2004).ReferencesBullying. Violence Prevention. 1 Dec. 2012http//www.violencepreventionworks.org/public/olweus_history.pageDawkins, J. L. (1996). Bullying, physical disability and the pediatric patient. Developmental Medicine and Child Neurology, 38 603-612.Espelage, D. L., Holt M. K., & Henkel, R. R. (2003). Examination of peer group contextuals effects on aggressive behavior during early adolescence. Child development, 74, 205-220.Pelligrini, A. D. (2002) Bullying and victimization in schools A Dominance relations perspective . educational Psychologist, 37, 151-163.

Bloodsucking Fiends: A Love Story Chapter 29

Chapter 29Paying consider sarin Bendetti liked his job, re completelyy liked his job. It was a goernment job, of sorts, so the benefits were good and the work easy. He liked working nights, too, it was quiet and he was usu ally in the morgue by himself, so he didnt throw away to get self-conscious ab bring taboo his weight or his bad skin. He liked playing with com borderers and the lab equipment, and he liked answering the birdcall and acting official. Being the night man at the coroners office would dupe been a great job even if he didnt fuck off to neck the dead, besides with that, it was heaven.Tonight Gilbert was bubbling with anticipation. They had wheeled Miss proper(ip) in that subsequentlynoon and left hand wing him explicit instructions non to put her away, scarce to let her sit step forward to thaw for the autopsy. Some psychotic person had put her in a freezer. Sick bastard had put TV dinners under her arms. straight off she was curled up on a gurney, mo cking him. That cocktail dress, that red hair he could hardly wait.He chequered the put scratch off and locked his skin books in the desk drawer, then unmakeed his lab coat and went down the hall to test her for flexibility. The know time he checked shed started to reduce a little flexibility, exactly he knew that inside she was well frigid, despite the Salisbury-steak gravy dripping from under her arms.He pushed through and through the glass room access into the holding room and there she was, serious as he had left her, her p breaky lips beckoning to him, her lovely legs curled up rotter her.My angel, Gilbert give tongue to, shall I booster you with those pesky step-in hose?He straightened her legs on the gurney and pushed her skirt up. She was save a little chilly, but she was movable. severe, once rigor mortis set in, animosity could put you into positions that would challenge a yoga master. Gilbert had thrown his seat unwrap more than once.Her panty hose were sheer swarthy, but except for her remunerate big toe, her feet were dusty. She must convey been walking in her stocking feet. Indulging himself in almost foreplay, Gilbert had sucked her big toe clean shortly after they brought her in. Foreplay, sorta.He considered testing her with the meat thermometer, but she was so perfect, he didnt pauperism to mark that lovely body. He reached up under her skirt, grabbed the waistband of her panty hose, and began to work them down.Black lock panties, my goodness He tried to phone her name, then checked her toe tag. My goodness, Jody, how did you agnize I liked dumb lace?He peeled her panty hose off, stopping to loosen the toe tag first, then ran his hands up her thighs after the lace panties.And a natural redhead, Gilbert verbalize, dropping the panties on the floor. He stepped backrest a moment to admire her and slip out of his lab coat. He locked the wheels on the gurney, pulled the TV dinners out from under her arms, and unzipped his pants.This is acquittance to be so good. So good. He climbed oer the end of the gurney, careful to stay balanced. vigour ruined the mood more than toppling to the linoleum and bashing your skull.He licked a path up the inside of her leg.Tommy, that tickles, she said.Gilbert looked up. zero(prenominal) its my imagination. He returned to his plea trusted.No, let me consume first, she said. She sit up.Gilbert pushed himself backward so violently that the gurney went up on its end, dumping Jody on the floor. Gilbert backed away from her holding his chest, his glimmer refusing to come, bis withering willy waving in front of him.Jody climbed to her feet. Who are you?Gilbert couldnt talk. He couldnt breathe. It felt as if barbed wire had been looped around his heart and was creation yanked by a team of horses. He backed into a bike of drawers, banging his head.Jody looked around. How did I shit here? Answer me.Gilbert gasped and evil to his knees.Wheres Tommy? And wh ere the fuck are my panties?Gilbert was shaking his head. He honked on his side, took ii more tortured breaths, and died.Hey Jody said. I need rough answers here.Gilbert didnt answer. Jody watched the black aviation of his dying fade away, leaving only the counterweight heat signature of his body.Sorry, she said.She looked around the gurney, the big file drawers of the dead, the instruments of dissection this sure looked like the morgues in the movies. Something had gone seriously wrong while she slept.She checked her watch, but it was gone. The wall clock over Gilberts body read 1 a.m.Why did I wake up so late? Ive got to ensure Tommy and find out what happened.She picked up her panties from the floor and wiggled into them. The panty hose she left where they lay, instead looking around for her shoes. She didnt see them. She didnt see her purse anywhere either.Money. Im going to need cab fare.She crouched by Gilberts body and rifled through his pockets, coming up with thir ty dollars and close to potpourri. Almost as an rethink she tucked his exposed member back into his pants and zipped him up.I did that for your family, not for you, she said. Then thought, Im originateting worse than Tommy, talking to dead people.She started toward the door, then halt and looked at the wall of drawers. The scenario cane over her like a abrupt sneeze.Tommy is probably in one of those drawers. The vampire killed him, and when the coroner came, they thought I was dead too. only when why did he spare me? And why did it let in so long to wake up? perchance it was that med student. Maybe when I missed the meeting he told the cops when to find me. scarcely he didnt cheat how to find me.She went though the glass doors and down the hall where she stopped at the phone and called the loft. No answer. She dialed the Marina Safeways number.Marina Safeway. She recognized Simon McQueens drawl.Simon, this is Jody. I need to talk to Tommy.Who? Who did you check out you w ere?Its Jody. Tommys girlfriend. I need to speak to him.Simon was quiet for a moment. When he at last spoke, his enunciate was an octave lower. You dont make love where Flood is?Hes not there?Nope.Is he okay?In a manner of speakin, hes okay. What about you? You feelin all rightly?Yes, Simon, Im fine. Wheres Tommy?Well, aint you a wonder. Youre sure you feel okay?Yes. Wheres Tommy?I cant promulgate you over the phone. Ill come get you. Where are you?Im not sure just a second. Jody ran to the front door. The address was printed on the glass. She went back to the phone and gave Simon an address devil blocks away.Let me get someone to cover my section. Ill be there in a half hour.Thanks, Simon. Jody hung up. What in the hell was going on? man she waited for Simon to arrive, Jody parried the propositions of two guys in a Mercedes who had mis lotn her for a hooker. Not an incorrect mis civilise considering she was standing barefoot on a back pathway in a low-cut cocktail dress on a insentient San Francisco night. Finally, when she told them she was an undercover cop, their resolve softened and they drove off hanging their heads.Simon locomote the corner five proceeding later and skidded to a stop in a cloud of smoking rubber and testosterone. He threw the door spread out for her.Get in.Jody leaped into the passenger seat. Simon seemed a little surprised that she hadnt used the two steps mounted under the door. Youre steppin high tonight, darlin, Simon said.Jody closed the door. Wheres Tommy?Hold your horses, Ill take you to him. Simon put the truck in gear and roared off. You sure youre feeling all right?Yes, Im fine. Why couldnt you verbalize me what happened to Tommy on the phone?Well, hes hiding out. Seems the legal philosophy want him for some murders.The Whiplash murders?Those be the ones. Simon looked at her. Aint you tatty?Oh, I lost my coat.And shoes?Yes, and shoes. Some guys were chasing me. Jody knew she didnt sound very convincing.They were h eaded down grocery store toward the Bay Bridge. Simon grinned and pushed his black Stetson back on his head. You dont get cold, do you, darlin?What do you mean?Simon hit the electric-lock button Jody heard the lock go thunk at her side. Simon said, You dont get hot either, do you? Or sick. Do you get sick?Jody hugged the door handle. What are you getting at, Simon?Simon reached inside his jacket and came out with a Colt Python revolver. He pointed it at her and cocked it. Now I know senss major power not kill you, but Ill bet they hurt like hell. And I put some little wood pegs in the hollow points just in case that does the job.Jody had no idea what a bullet would do to her and she didnt want to find out. What do you want, Simon?Simon pulled the truck into an alley and switched off the engine. check of things. I dont know which I want first until you answer some questions.Whatever you want, Simon. Youre Tommys friend. You dont pass on to be a hard-ass, just ask.Thats right sa inted of you, darlin. Now tell me, do you get sick?Everybody gets sick, Simon. I get a cold every now and then.Simon dug the numbfish into her ribs. Dont bulls eye me now. I know what you are.Jody looked closely at Simon for the first time. He was glowing up, the heat coming off him in red waves, even in the relative warmth of the truck cab. But below the heat aura she saw something else that she hadnt seen the first night shed met him. Maybe because she hadnt known what to look for. low the heat signature Simon was ringed by a thin black corona, as she had seen on different people the death aura, but thinner, as if it was just growing. She said, Are you sure youre not just being an can again, Simon? Holding up your friends girlfriend?Dont get slippery on me, Red. I saw you sleeping that day we partied at your house. I touched you. Youre cold as a witchs titty. And Flood always complainin about you sleeping all day. And how he had to have them turtles alive. But I didnt put it all together until the emperor started screaming about vampires and the cops took Flood away.Youre nuts, Simon. None of that proves anything. Theres no such thing as vampires.Oh yeah? Well, you know why they arrested Tommy?No, I didnt knowBecause they found you dead in the freezer, thats why. Hes in for your murder, missy. I static had some doubts until you called just now. Youll be my first dead piece of ass, not numeration the time I choked my chicken over a pick up of Marilyn.Jody was stunned. A wave of panic swept through her, the inner voice shouting, Kill him, hide kill him, hide. She fought it back. Youre doing this because you want sex?Well, thats part of it. You see, I aint been well laid for five years since I picked me up this bug. Its preferably hard to get yourself into a good terce-toweler when you got the dick of death. I aint no ass bandit, though. I let some whore from Oakland fix me up with a speedball. Six of us shared the needle.Youre dying of AIDS ? Jody asked.No need to candy-coat it, darlin. Just come right out and say it.Sorry, Simon, but when someone has a gun on me and tells me hes going to rape me, I forget my manners.Aint going to be no rape unless you want it. The other thing is more important.Other thing?I want you to change me into a vampire.No, you dont, Simon. You dont know what its like.I dont need to know, darlin. I know Im going to die if you dont. It aint just HIV anymore, its full-blown. I can hardly get my boots on and off from the sores. The doctors got me on complete pills to choke a horse. Now do it.Jody felt for him. For all his arrogant cowboy panache, she could tell he was afraid. I dont know how, Simon. I dont know how I was changed. It just happened.He dug the barrel of the gun up under her breast and slid crossways the seat next to her. You just turn of eventse my damn neck. Now do itThat doesnt work. That would just kill you. I dont know how to turn you into a vampire.Simon took the gun out of h er ribs and held it against her thigh. Im going to count to three, then Im going to shoot you in the leg if you dont start turning me. Then Im going to count to three and shoot you in the other leg. I didnt want to do this, but you got to see.Jody could see tears welling up in Simons eyes. He didnt want to do this, but she knew he would. She wondered even if she knew how to turn him if she would do it. Simon, please, I rattling dont know how to turn you. Let me go. Maybe Ill find out.I dont have the time, darlin. If I have to trade the daylight for a lifetime of nights, Ill take the nights. Im counting now. OneSimon, dont. Just wait.TwoJody watched a tear roll out of his eye. She felt his body tense and looked down at the gun. The tendons in his hand were tightening. He was going to do it.ThreeJody shot out her right hand, palm open, and hit Simon under the chin while brush the gun away from her leg with her right. The gun went off, sending a bullet through the floorboard. The exp losion covered the noise of Simons neck snapping but she could feel the crunch against her palm. Simon slumped back in the seat, his head thrown back and oral fissure open as if he were frozen in a laugh. over the ringing in her ears Jody could hear his last breath squeaking out of his lungs. The black aura around him faded away.She reached over and straightened his Stetson. God, Simon, Im sorry. Im so sorry.Rivera drove. Cavuto sat in the passenger seat smoking and talking on the radio. He keyed the microphone. If anyone sees the Emperor tonight, detain him and call Rivera and Cavuto. Hes wanted for questioning but hes not, I repeat not, a suspect. In other words, dont scare him.Cavuto hung the microphone on the dash and said to Rivera, You really dont think that this is a desert of time?Like I said, Nick, homicide and the coroner are the only ones who know about the blood impairment. Our guys wouldnt evasion, but even if there was a leak in the coroners office, I cant imagine anyone telling the Emperor. Whoever did these murders is behaving like a vampire. Maybe he thinks hes a vampire. So to catch him, we have to pretend were bring in a vampire.Thats bullshit. Weve got enough evidence on the kid to get an indictment right now, and by the time forensics gets done with his apartment well have enough for a conviction.Yeah, Rivera said, except for one thing.Cavuto rolled his eyes. I know, you dont think he killed anyone.And neither do you.Cavuto chomped his cigar and looked out the car window at a group of winos milling on a corner by a liquor store.Do you? Rivera insisted.He knows who did. And if I have to walk his cunning little ass right up to the chair to get him to tell, I will.A call came over the radio. Go ahead, Cavuto said into the mike.The dispatchers voice crackled over the speaker. Unit ten is holding the Emperor at Mason and Bay. Do you want them to bring him in?Cavuto turned to Rivera and raised his eyebrows. Well?No, tell them well be ther e in five.Cavuto keyed the mike. Negative, were on our way.Three minutes later Rivera pulled the unmarked Dodge into a red zone behind the cruiser. The two uniformed officers were playing with Lazarus and Bummer, whose armor rattled and clanged as they frisked. The Emperor stood by, his wooden sword still in hand.Rivera got out of the car first. Good evening, Your Majesty.Give me a fucking break, Cavuto said under his breath as he hoisted his bulk out of the car.And a good early morning time to you, Inspector. The Emperor bowed. I see the fiend has us all fire the midnight oil.Rivera nodded to the uniforms. We got it, guys, thanks. One of the uniforms was a woman. She shot Rivera a dirty look as she headed for the cruiser.Rivera turned his attention back to the Emperor. Youve been busy calling in reports of a vampire in the City.The Emperor frowned. And I must say, Inspector, Im a bit disappointed with the lack of promptness of your response.Eat me, said Cavuto.Weve been busy, Riv era said.Well, youre here at last. The Emperor waved to Bummer and Lazarus, who were waiting at his heel. You know the men?Weve met, Rivera said with a wave. Your Majesty, you reported seeing a vampire Rivera pulled a notebook computer out of his jacket pocket three different times over the last month and a half. Rivera took a copy of Tommys mug shot from his notebook and held it out to the Emperor. Is this the man you saw?Heavens no. Thats my friend C. doubting Thomas Flood, aspiring author. A fine, if confused, lad. I arranged for his employment at the Marina Safeway.But hes not the man you reported as being a vampire.No. The fiend is older, and has sharp features, of Arab descent, I would guess, if he were not so pale.Cavuto stepped up and took the picture from Rivera. You reported the body they found in SOMA, but you said you didnt see anything. Did you see this man anywhere near the scene?The victim was a friend of mine, Charlie. He left his mind in Vietnam, Im afraid, b ut a good soul just the same. He had been dead for some time when I found him, though. The fiend left him there to rot.Cavuto bristled. But you didnt see this vampire guy at the scene either.I have seen him in the financial district, once in Chinatown, and at the marina last night. In fact, that young man gave me sanctuary at the Safeway.Cavutos beeper went off. He do by it. You saw Flood and this vampire guy together?No, I ran from the dock when the fiend materialized out of mist.Im outta here, Cavuto said, throwing up his hands. He checked his beeper and went back to the car.Rivera held his ground. Im sorry, Your Majesty, my partner needs to learn some manners. Now, if you can just tell meCavuto beeped the horn and hung his head out the window. Rivera, come on. They found another one. Lets go. storage area a second. Rivera took a business card out of his wallet and gave it to the Emperor. Highness, could you call me tomorrow, around noon? Ill come get you wherever you are de bauch you and the men some lunch.Of course, my son.Cavuto yelled out the car window, Lets go, this ones fresh.Be careful, Rivera said to the Emperor. Watch your back, okay?The Emperor grinned. Safety first.Rivera turned and walked to the car. He was still shutting the door as Cavuto pulled away from the curb. Cavuto said, Another snapped neck. Bodys in a pickup off of Market. Uniforms found it five minutes ago.Blood loss?They knew enough not to say over the radio. But theres a witness. picture?Homeless guy sleeping in the alley saw a woman leaving the scene. Theres an all-points out for a redheaded female in a black cocktail dress.Youre bullshitting.Cavuto turned and looked him in the eye. The Laundromat ninja returns.Santa Fucking Maria, Rivera said.I love it when you speak Spanish.The radio crackled again, the dispatcher calling their unit number. Rivera grabbed the mike and keyed it.What now? he said.