Free Essay

Finincial

In: Business and Management

Submitted By wail5
Words 398
Pages 2
FAROUK, MAAMOUN TAMER & CO.
E-BANKING QUESTIONAIRE

1. Do you provide user names and passwords to all levels in E-banking? If yes; how users are titled/named in your e-banking?
2. Do you provide Safeword or Token devices to all levels in E-banking? If yes; how such device(s) are titled/named in your e-banking?
3. How many times the person is allowed to enter wrong PIN in Token or website before it gets blocked?
4. How many minutes will the system take to time out?
5. Is the bank account being controlled by a ceiling or limit of a single transaction?
6. Can a person (in the same level) have access to the accounts designated to him and limits than the other?
7. Can a person (in the same level) have different predefined nature of transaction than the other?
8. Can a person (in the same level or different levels) have different predefined authorization matrix?
9. Can a person (in the same level or different levels) have different predefined beneficiaries?
10. Can each beneficiary have different defined limit in the approval stage?
11. As we understand, to execute a payment transaction, we need to have initiator, verifier and approval. Is this also applied in SADAD payment?
12. In order to set up a SADAD Bill, what is the matrix needed?
13. How many persons can be added in all levels; to initiate, verify and approve the transactions?
14. If the amount transferred through E-banking is above the ceiling limit maintained in the bank, will the bank still call the authorizer to confirm the payment before execution?
15. Can any person act as a super user? (same person initiates, verifies and approves all levels in a transaction process)
16. If we would like to add a beneficiary to an account, what is the process?
17. If we would like to cancel a beneficiary to an account, what is the process?
18. Is there any specific software or hardware needed in order to use your E-banking?
19. What is the set up fee?
20. How much each Safeword/ Token will cost?
21. Is there any monthly fees? If yes, please state how much?
22. Using below diagram, kindly confirm our understanding of the process of making a transaction:
[pic]

23. We will appreciate if you attach any soft copy of any presentation.…...

Similar Documents

Premium Essay

Citigroup Business Analysis

...streamlines ERP-to-bank       integration. Retrieved from http://www.citigroup.com/       transactionservices/home/docs/press_releases/       CitiSoftwareSolutionStreamlines_October262010.pdf Citigroup, Inc. (2011, January 18). Fourth quarter 2010 reportings. In       Citigroup reports full year 2010 net income of $10.6 billion . Retrieved       from http://www.citigroup.com/citi/press/2011/110118a.htm Roy, S. (2006, March). Citigroup builds on diversity in CEEMEA . Euromoney magazine. The Trade News. (2010, September 25). Citigroup expands emerging markets equity       team. Retrieved from http://www.thetradenews.com/regions/europe/5123 Turner, M. (2010, September 27). Citigroup hires 16 for emerging markets push. Finincial News. Retrieved from http://www.efinancialnews.com/‌story/‌2010-09- 27/‌citigroup-hires-in-ceemea-push  ...

Words: 1551 - Pages: 7

Premium Essay

Purbanchal Saving & Investment Co-Operative Limit

...operating and financing whereas cash isn't generated by investing activities. 3.3 Recommendation Recommendations are important and necessary to overcome the opportunities after studying the fact that is drawn after the analysis of cash flow of PSIC ltd. There is higher closing cash balance regarding the normal range (50000) in the firm which makes cash ideal. Increment in reserved cash makes lower the investment opportunity. Therefore, organization should have to increase its investment in various beneficial sectors to reduce the liquidity. ----------------------- [1] Prof. Henery calvert, Finincial Management Pg 62 ----------------------- [pic]...

Words: 4279 - Pages: 18

Premium Essay

Business and Management

... | | | |Liabilities: IAS-1.68, | | | | | | | |Borrowing and other banks, finincial institutionbs agents | |1,561,993,125 | |6,509,000 | | | | | | | | ...

Words: 5657 - Pages: 23

Premium Essay

Finincial Management

...COVER LETTER Dear Sir/Madam, I have Over 6 years of experience in group financial accounting & Financial Management in varied industry area including month end and year end consolidated reports, balance sheet reconciliation, fixed asset maintenance, budgeting and forecasting, GST/BAS and payroll tax, cash flow reporting and variance analysis. As my resume highlights, I have expertise in range of accounting areas, including the following: * Reconciliation and expense reporting * Budget creation, cost analysis, and forecasting * Vendor relations * Accounts payable and accounts receivable * Financial statements and preparation * Business accounting process improvements * Month-end analysis and reconciliation * Non-profit accounting principles * Microsoft office and leading financial software * Reporting and documentation * General ledger audits and entries My key job responsibilities in my present capacity as senior accountant include, among others, the following: * Prepare and submit annual budget. * Audit expenses & adjust for allowable reimbursements. * Management of grant accounting activities; monitoring and submitting detailed reports of financial activities to grant donors; keeping a track of incoming funds and preparing monthly income statements vs. outgoing expenses spreadsheets. * Evaluate effectiveness of business processes and give recommendations for......

Words: 827 - Pages: 4

Premium Essay

Roh Financial Adviser

...__________________________________________________ CASE 2 : ROTH FINANCIAL ADVISORS ------------------------------------------------- | Table of Contents iNTRODUCTION 3 Case study 4 INTRODUCTION  Roth Financial ADVISORS (RFA), founded nearly 10 years ago, is a financial services firm which has a diverse base of clients,some of them were quite sophisticated,financiallyand others were just starting to invest. As the firm grew, Hugo Roth, developed a reputation for training his associates and helping themselves in the finincial industry. RFA’s reputation ,had built a large number of customers, during its short life because of Hugo Roth’s personal reputation for honesty and fair dealing . Steve Johnson was a financial advisor in training for Roth Financial Advisors and was willing to take extra measures in order to learn more about financial services. His most recent task was to develop a presentation in regards to the different types of risks investors may come across when investing their money with Roth Financial. Steve’s task was to break down different types of risk into its simplest components and to figure out a way to show clients how risk was treated in financial markets and when making investments decisions.  Hugo Roth has provided several sets of numbers for Steve to use in his presentation. The first set of numbers was a group of returns from different stocks which was classified by the type of economy. This could give a direction of......

Words: 677 - Pages: 3

Premium Essay

Retirement Plan Proposal

...on the retiremen plan is critical during enrollment as some employees may feel overwhelmed with the complexities and not understand the jargon sponsers are saying. This can cause confusion and an employees reluctance to participate in the plan, to over come these obstacles and make it easier for employess to enroll, the following components should be considered: * Pre-enrollment memos, posters and announcements. This will get the employees thinking about the retierment plan, peak their interest and wonder how the 401(k) can benefit them. * On-site group enrollment meetings, or on-site individual meeting. This is where the Advisers can explain the benefit of the 401(k), help employees determine what contribution best fits their finincial needs, set goals for the plan and help employees forcast what their contributions can add up to at retierment. * Have enrollment advisors that are multi-lingual and multi-lingual materials for the employees who don’t have a strong command of the english language. Most company’s have a very diverse workforce and it’s important to represent every culture and nationality. Often times, this represents the majority of the company’s workforce and it’s important these employees have a strong understanding of the 401(k) benefits. * Encourage automatic enrollment at the enrollment meeting while the information employees have learned is still fresh in their minds. This will take some of the stress off the employees so they won’t have to...

Words: 1541 - Pages: 7

Premium Essay

Finincial Accounting

...Learning outcome (1): Understand the regulatory framework for financial reporting User needs: Accounting standards Board (ASBs) Statement of Principles INTRODUCTION This section of the unit discusses the qualitative characteristics of the financial statements and how it relates to the content and presentation of a financial statement. The second part of this paper sets out to assess the difficulty preparing a useful set of financial statements that exhibits the qualitative characteristics mentioned in the first part. Defining a financial report: A financial report is a written report which quantitatively describes the financial health of a company. Financial statements are usually compiled on a quarterly and annually basis . According to the Accounting Standards Board (1999), the objective of financial statement is to provide information on the reporting entity's financial position and performance that is useful to a wide range of users to assess the management and for decision making. Composition of a complete financial statement As per IAS 1 (international Accounting Standard), a complete set of financial statement comprises of: * A statement of financial position (balance sheet) * A statement of comprehensive income for the period (income statement) * A statement of cash flow * A statement of changes in equity * Notes comprising a summary of significant accounting policies and other explanatory information. * A statement of financial position (Balance......

Words: 2520 - Pages: 11

Free Essay

Case Study

...1. Definition According to Needle (2010) joint venture is two or more firms working together to achieve mutually beneficial objectives – e.g. sharing resources, R&D projects, setting up a third company with shared ownership. In this case – setting up a new company! AMC(American company)+ BAIC(Chinese company) = BJC (Beijing Jeep Corporation) AMC evolution: AMC- one of the smallest companies in the USA Chrysler bought AMC – one of the biggest companies(acquisition) Chrysler merged with Daimler(merger) 2. Advantages AMC | BAIC | Minimal finincial risk | Access to western technology (product and manufacturing) | Cost reduction | Vehicle with global brand and reputation | Profit: Parts(took control over supply)Hard currency(inelastic- does not change from environment) | Gaining R&D centre ( knowledge that is helpful for other industries) | Entry to an emerging market | Knowledge of management practices | Extnded life-cycle of an old product | Development of local supply chain | Learn about Chinese market | Learning about West and its businesses | Learn about Joint ventures | Job creation with hard currency levels | 3. Disadvantages The most appropriate way of looking at disadvantages is by using Medcoff’s (1997) ‘4Cs’ model for JV’s. 3.1 Compatibility * Highly Political nature of doing business in China was very frustruating for Chrysler and as their biggest problem: 2. Cumbersome bureaucracy 3. Having accept......

Words: 392 - Pages: 2