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Archive for the ‘Corporate Credit’ Category

Credit cards and generated mixed feelings in some people.
Some plastic cardholders consider this very useful in their daily lives, while others it just by listening to them goose bumps.

Where is the difference? In the form of use. The most important thing is to have responsibility for credit and only buy what you can pay your court date, thereby avoiding interest charges.
It involves generating a debt settlement penalty interest and collection costs, not to deal with the stress of not meeting financial commitments and earn “taches” in the credit bureau.

Therefore, I will discuss some recommendations for the use of commercial credit cards, ie those issued by shops and only allow the purchase in the same establishments, which also apply to plastic bank.
Recommendations: Read the rest of this entry »

The types of credit cards are carefully studied in the Articles section for a better understanding of them by credit card users. The texts have a real focus, no doubt stand the articles on types of credit cards. With solid foundations and excellent text design tools address all the functions of traditional credit cards, gold, platinum, etc.. Describe how men and women properly managed both credit cards as debit and all their properties so that all businesses and owners to achieve their intended goals.

This site also attempts to communicate and inform all the good words that have credit cards for companies and entrepreneurs who consult his articles and notes will be marked in the most exciting careers, challenging and rewarding that can reach into the commercial market. Of course, all members and customers have the ability to score points and benefit from the many programs that have points with most credit cards. The intention is clear: This site wants to promote their articles for visitors different views and ways of thinking in order to have good management and use of the cards.

Among the reviews of the types of cards you will find are: card classics, which are the most common credit card, the limits of commercial consumption in several attacks on the issuing institution, the gold and platinum cards, which are owned higher segments of the scale and are granted only to holders with better qualifications, affiliations, cards, associated with certain organizations such as NGOs, sports clubs, professional organizations, supermarkets and so on. and spending limits are very similar to traditional credit cards. Read the rest of this entry »

Just three years after the Lehman crisis, we live another episode of great uncertainty, with the possible entry into synchronized recession in Europe and the U.S., so painful and inevitable default in Greece. The corporate credit market in Latin America came the episode of 2008 in general strengthened, with some low predictable (such as bankruptcy or Independence Arantes refrigerators in Brazil, industrial or Corporation Vitro Durango in Mexico, or the rapid credit deterioration in Cemex) and other unexpected low (such as products associated with bankruptcy Controller, Comercial Mexicana, Gruma and Sadia in Brazil).

Since 2009, the credit market has re-emerged. In the three years following the crisis, it made 172,000 million in Latin American corporate paper denominated in dollars. This offer has found a growing demand not only by the specific regional mandates but by other global investors, who quickly saw the value of many companies that pay differentials higher than U.S. loans, even with more favorable credit ratios.

In this bleakest outlook for the global economy, Latin America for 2011 show an increase between 1.5% and 2% higher than the developed world. Which sectors will be most affected by this new world situation? If the local consumer confidence does not suffer, the domestic-oriented companies will benefit from the containment of inflationary pressures in Brazil, Peru and Chile. The export sector will be less valued currencies that partially offset the weakness of commodity prices. Latin American banks-with the exception of Brazil which is seeing a slight deterioration in asset quality, have many years ahead of moderate expansion, infrabancarizadas societies, without resorting to toxic chemicals or funding in the capital market .

Thus, despite the worsening international conditions, the rate of defaults in Latin America should not rise substantially. The ratio of upgrades / downgrades have been very favorable in the region in recent years, issuers have refinanced much of its short-term debt. The solvency ratios, with average levels of less than 3x EBITDA leverage, liquidity in more than 4 times the short-term debt and interest coverage above average 6 times, makes Latam companies in highly attractive. Money flees global recessions to sites where you can still find growth dynamics. You, do not do the same?

Soon you can apply for credit cards with the best market conditions
Tired of high interest on their credit cards?
Why not move the current card balances to another card with better rates?
Or if you do not already have a credit card, here you can request yours.
Soon you can apply through Peru credits your credit card and credit card Gold / Gold
Did you know …

The first credit card was invented by Diners Club and issued in 1950, VISA and American Express followed in 1958 with the first bank credit cards. Their use went from being limited to traveling salesmen to be the most widely used banking product and growth in the banking history since the invention of the savings account. Both American Express and VISA and Mastercard brands have become almost instant recognition worldwide.
Credits Peru is pleased to announce that very soon be offering credit cards with competitive market conditions in both its versions as Preferred Credit Card Credit Card Gold / Gold.

What are credit cards?
Credit cards are an effective means of payment and obtaining credit in immediate demand. They have popularized its use for cash withdrawal at ATMs and for purchases in different shops. They are a useful tool for consumption by the user but also for traders as they can have an average collection of insurance sold, regardless of the card holder (name used to identify the user of a card credit) pay cash or credit.

We go back to mid-twentieth century to find the origins of the credit card. Companies engaged in hospitality in the U.S. were the forerunners in issuing credit cards to easily give your customers to pay on a deferred.
In the following decades, large firms issuing credit cards are spread on other continents, over time, financial institutions were becoming the major card issuers. Appear then bank cards. Read the rest of this entry »

A corporate card is a payment method that allows companies to streamline and control costs of travel and entertainment executives and they can pay for services (restaurants, hotels, airlines, etc.), payment to suppliers, purchases of goods office, computing and communications (cellular).
The company that assigns credit line granted the bank (credit card) or in equity (business debit) limits to each of its officers in accordance with its policies and procedures.

This results in:
Avoid giving cash advances for travel and representation to executives, as it affects the flow of resources and financial cost, and
Improved control of the Treasury through the proper administration of the expenses of executives through individual statements and consolidated for the company, thus enabling it to track their purchases, making alliances with suppliers, etc..

Institutions offer different types of corporate cards and they are:
Service : These cards allow the company to have a line of temporary financing (40 days or so), after which you must repay the total amount ordered.

Debit : This type of card, companies make use of own resources.
Credit: A revolving credit facility granted by the bank to the company, which also provides funding days (40 days or so), but it is clear that if the company does not pay the full balance billed, subject to payment of interest .
Corporate cards offer businesses and users of the same, general and financial services that translate into benefits for both.

If you want insight into the extent or nature of the corporate card, you can contact any of the financial institutions that offer it.

Grupo Aeromexico received a credit of $ 348 million from the Bank of Foreign Trade of Brazil for the purchase of new aircraft, said its president, Jose Luis Barraza Gonzalez. By participating in a Forum Mexican Institute of Public Accountants (MIPA) in the entity, the manager said this is part of corporate investment plan for the next 24 months more than a thousand 300 million dollars. ‘The loan is already approved, we are beginning to receive the aircraft, is $ 348 million, “he said. He said the rest of the resources to handle the problem will be short-term investment in equity of the company and capital raised on the Mexican Stock Exchange. He explained that the company will purchase 10 Embraer 190 type aircraft and 10 Boeing 737.

The manager said that the most important of these acquisitions is that they will already own aircraft company, not through a rental scheme as they did in previous years. Another part important investment plan will be used for technology acquisition and improvement of infrastructure in all operational areas of corporate, he said. He said that recently, on April 14, made ??a placement of capital in the Mexican stock market for three thousand 383 million, which was very well received by investors. The manager said that this investment program will give significant savings in leasing the fleet of the company, reduced maintenance costs and greater flexibility to changes in economic cycles.

He explained that the airline currently has 42 percent of the domestic market and 11 percent of international flights departing from Mexico City, adding that in recent months has had to absorb a large proportion of passengers using its rival, Mexicana Airlines. The company operates 74 domestic routes and 35 international flights, which also has strategic alliances with several airlines around the world. Barraza Gonzalez said that in the short term hope to have a fleet of over 120 high-capacity aircraft passengers, whose average life does not exceed seven years old.

The light at the end of the tunnel in which is immersed in the world economy not yet in sight. Companies from emerging markets in Europe, Middle East and Africa (EMEA) may feel the effects of lower economic growth in the region in 2008, according to the latest report from Moody’s.

“The different structural trends continue to pose particular difficulties for some operators in EMEA,” said Jean-Michel Carayon, vice president of Moody’s and author of the report. In this study, Moody’s warning about the weakening dollar, which threatens the short term for some sectors such as aerospace, defense and forest products, which could suffer a disconnect between cost and revenue base with limited ability to pass on costs, especially when competing with U.S. companies.

In addition to the greenback, the agency warns on prices of energy and raw materials, that will affect many sectors, such as forest products, suppliers, automakers, airlines and specialty chemicals, as their holding power prices could be reduced. Read the rest of this entry »

corporate lending is essentially the same thing as a personal loan, but instead of taking a bank to an individual, which is made from one bank to a corporation. As a result, the sums of money that is likely to be considerably higher, and some of the protections are a bit different.

business loans can take various forms, including asset-based lending, structured finance, cash flow and corporate loans. Asset-based credit is when the loan is secured by some type of asset. In personal loans, mortgages are probably the best known form of asset-based lending. In the corporate credit asset based loan using real estate, intellectual property, or expensive equipment. Asset-based credit is one of the safest forms of corporate loans and the bank lends money it has protected itself by balancing asset value of the loan amount.

Structured finance includes a number of different forms of loans, which have various structures in place to deal with the risk transfer. Structured finance of corporate loans includes several elements, including sections in which different values ??are classified into different groups, allowing groups to meet different investment risk rating of loans they will buy. Corporate lending uses different types of structured securities, including asset-backed securities based on government notes, credit derivatives, the guarantee fund organizations, and collateralized debt obligations. Each of these has its own sub-classes as well, and may be more complex, but at its core is the idea of reducing the risk to lenders and people who buy the loans. Read the rest of this entry »

Citizens may rescind consumer credit without penalty or obligation to provide evidence, as prescribed by the draft Law Consumer Credit Contracts, approved today by the Council of Ministers.

The justice minister, Francisco Caamaño, told the press conference after the Council of Ministers that the consumer has the “right to withdraw from a contract without penalty or justification, and only referred to arbitration of consumption.”

The new law also regulates the early repayment of credit to the customer, indicating the amount of compensation to the lender for its potential costs and the possibility of consumer to arbitrate disputes relating to these contracts.

This Act, which repeals the previous March 23, 1995, incorporates EU Directive of 23 April 2008 and is on track to achieve full harmonization of the laws, regulations and administrative provisions of Member States concerning consumer credit. Read the rest of this entry »

When they hear the word ” business “, many people think only about business and relationships between men own economic empires, or at least heads of small factories. The truth is that relations at the enterprise level as such, they may result from small distributors of products or people who even without a business have something to sell and someone willing to pay for it. Understood this part, you could start talking about a form, a service, a tool within the business world, as want to call, which always occurs between two organizations or individuals involved, ie it is a bipartisan operation ( shared) called corporate credit .

The operations or transactions made ??within a business credit should be obligatory agreement between the parties, making it one of the actions within the world of finance more complementary, meaning mutual support and complementary constant which characterizes this type of relationship.

The business loans , if necessary to divide them into types, this classification depends only on what kind of business transaction or financial representation belonging both parties intermingled, or differences in effect may exist between them. So a kind of corporate credit can be given between two companies with executive, managers and employees who choose to have a cooperative relationship and that can provide a representative amount of money or cost sharing maintenance of the two companies in order to strengthen each one of the firms without any detriment. This form of business credit is the oldest and most used: well be considered as a standard business credit. From this follows the other divisions of business loans will be below. Read the rest of this entry »