The Difference Between Modern And Medieval States Essay

The Difference Between Modern And Medieval States - Essay Example The basic advantage of a democratic political system is the scope for decision-making about the ruling power of the country by the general citizens of the country. The second advantage is that the system averts the emergence of monopoly rule of the party in possession of the central power. Functions in favor of the general public have to be ensured by the political party effectively. Moreover, a feeling of responsibility emerged among the ruling class towards the general citizens through this political system since they owe these common people their very accomplishment in the state elections. This feeling helps the ruling party gain an inspiration for the proper fulfillment of their duties. Moreover, the responsibility of the citizens towards the society in which they are residing also increased through this system, as they are the ones choosing the ruling class. However, since every political system has certain structural flaws democracy is no exception. Common people can in some in stances make the choice that proves to be wrong for the society being unconscious of every political matter and hence the decision may affect the society. Moreover, the public can be sometimes easily influenced in taking wrong decisions. Common people can be manipulated through hordes thus forcing them to take some decision under the pressure of the majority. However, despite these flaws, this political system encourages team effort and prohibits the authority in performing against the desire of the majority.

The Most Dangerous Game Essay Example for Free

The Most Dangerous Game Essay What if it the issue about the important idea in the story? The most important idea is about the character Rainsford versus nature, Rainsford versus himself, and Rainsford versus Zaroff. In the story â€Å"The Most Dangerous Game† by Richard Connell the main character, Rainsford, experiences both have internal and external conflict. Rainsford experiences have the external conflict. For example, when he fell in the ocean and had a tough battle with the water â€Å"He struggle up to the surface and tried to cry out †¦ him gag and strangle†. Rainsford barely have enough energy to swim to the Ship-Trap Island. He were had struggle with the water and trying to fight back for his life. In addition, when he on the ship with his friend and talk about the weather† ‘Nor four yards’, he admitted Rainsford. ‘Ugh! It’s like moist black velvets’ †. The weather is really bad, and it so dark even he has good eyes but he can’t see anything if it kind of far. The weather is an effect to how Rainsford fell in the ocean. Rainsford external conflict show that how he versus the nature and himself. Rainsford’s internal conflict created many mental challenges for him. For example, when he fell out of the ship, in the ocean he had to stop panicking or he would drown â€Å"A certain cool headedness had come to him it was not the first time he had been in a tight place†. He had been danger place many times so he had more experience and know what to do. He is a very brave person, if it was someone else may be the will be really scared and don’t know what to do. In addition, when in the jungle he keeps telling himself that he will not lose his nerve â€Å"I will not lose my nerve. I will not†. He had to control himself to go through all the game. If he being scared and don’t know do anything he may lose the game. In Rainsford internal conflict it show he is a brave person, how can he control his thinking to be life. Connell has written a story about hunted people, a serious game in the world. There is a lot of people get lost, have to play the game, and got killed by a man. Nobody knows who they are. But one day, a man comes to the island. He also has to play the it. â€Å"The Game†. And he win.

Opposites Attract Essay -- Personal Narrative Essays

Opposites Attract    Perhaps we all have the same memory of the first boy-girl party we attended. The floors were waxed, the music loud, the air thick with the smell of cologne. The boys stood on one side of the room and the girls on the other, each affecting a nonchalance belied by the shuffling male loafers and the occasional high birdlike sound of a female giggle.    Eventually, one of the taller, better-looking boys, perhaps dogged by two slightly shorter, squeakier acolytes, would make the big move across the chasm to ask the cutest girl to dance. Eventually, one of the girls would brave the divide to start a conversation on the other side. We would immediately develop a certain opinion of that girl, so that for the rest of our school years together, pajama parties would fairly crackle when she was not there.    None of us would consciously know it then, but what we were seeing, that great empty space in the center of the floor as fearful as a trapdoor, was the great division between the sexes. It was wonderful to think of the time when it would no longer be there, when the school gym would be a great meeting ground in which we would mingle freely, girl and boy, boy and girl, person to person, all alike. And maybe that's going to happen sometime in my lifetime, but I can't say I know when.    I've thought about this for some time, because I've written some loving things about men, and some nasty things too, and I meant them all. And I've always been a feminist, and I've been one of the boys as well, and I've given both sides a pretty good shot. I've spent a lot of time telling myself that men and women are fundamentally alike, mainly in the service of arguing that women... ... we still managed to pick partners and dance. It's the dance that's important not the difference (I shouldn't leave out who leads and who follows. But I speak to that from a strange perspective, since any man who has ever danced with me can attest to the fact that I have never learned to follow.)    I have just met the dance downstairs. My elder son has one of his best friends over, and he does not care that she is a girl and she does not care that he is a boy. But she is complaining that he is chasing her with the plastic spider and making her scream and he is grinning maniacally because that is just exactly the response he is looking for, and they are both having a great time. Two children raised in egalitarian households in the 1980s. Between them the floor already stretches, an ocean to cross before they can dance uneasily in one another's arms.

There Is Always More Than Meets the Eye

In everyday life false judgment is not hard to find. Everybody in the world has a different perspective and way of portraying themselves to the public, the way you look does not always show who you really are. This essay will discuss and analyze the poem â€Å"The Beggar & the Tourist† by Shahriar Shahriari that is about not judging a book by its cover. The song â€Å"The Way I Am† by Eminem talks about the same topic but with celebrities and their fans. The meaning of both will be discussed throughout the essay. These two poems are based on judgments on many points of views like media, values and society.Exploring the similarities and differences between them will help explain their meaning. The poem â€Å"The Beggar & the Tourist† clearly shows how looks can make people wonder what kind of person you are and how valuable is to society. This can be seen at the beginning: â€Å"What a simple existence, purposeless and futile my opinion† (Shahriari 2) this was addressed by the tourist when he saw a bum just staring into the sky. The poem clearly states how some determine a person’s value to society basing on looks, without knowing or speaking to them ever in their life. This kind of mentality can affect how and with who you socialize.In this case the bum thinks the tourist is as useless as him because he lives as a slave of society when he stated in the poem: â€Å"He saw a young man busily running around in futile pursuit/Only to fulfill what he was taught, someone's ideal to suite† (Shahriari 3). Eminem in his song â€Å"The Way I Am† talks about the judgment between fans and celebrities in the part of the song: â€Å"I'm so sick and tired of being admired / That I wish that I would just die or get fired / And dropped from my label and stop with the fables† (Eminem 62-64) In this verse Eminem is talking about him being tired of getting so much attention.All that attention gets in the way of him being able to live a normal life and he would rather get a new job than to live by the expectations of the fans. They expect him to always be a nice man when he is just simple human being like the rest of the world that have their ups and downs. It also expresses a hard critic on society and media when he says: â€Å"When a dude's getting bullied and shoots up his school / And they blame it on Marilyn†¦ and the heroin / Where were the parents at?And look where it's at / Middle America, now it's a tragedy / Now it's so sad to see, an upper class city / Having this happening† (Eminem 52-55) This entire verse talks about the Columbine shooting tragedy and how the media tries to cover it up by blaming the music that they listened and the drugs they used. Eminem criticized the media on why they did not stop to think maybe it was their parent’s negligence to prevent the bulling against their kids. He also criticizes how if that same scenario happened in a lower society class the media would not have cared that much.There are lots of differences and similarities between these two poems. The most obvious similarity between the song and the traditional poem is the prejudgment and both authors criticize it from different perspectives. The difference between them is the subject is addressed in the prejudgment. In the â€Å"The Beggar & the Tourist† it is between a bum and a suit tourist and in the song â€Å"The Way I Am† it is between celebrities and their fans. Both poems have very noticeable social critics such as the significance of life and how looks can affect how people think of you.The world suffers from this social outbreak because it is taught since childhood how poor people break the law and rich people do not, how black people are bad and white people are good. Since we were born society has always been telling us what to do depending on our ethnicity, status and personality. These are examples of the most common prejudgments of society that have to be changed and the objective of the poems is to open the eyes of people and make them realize how this is happening.

Making a Mega City in Bangladesh

â€Å"Making Mega City in Chittagong† We are owner of â€Å"Dream Properties Builders†. Our company mission is become number one company in properties business and vision is become a brand in Bangladesh. Our slogan is ‘We make your dream real’. Our main office in Chittagong at Jamal Khan road and in Dhaka at Rd11, Suhrawardy Ave, Baridhara. Our company taking a plan in Chittagong and this is making mega city. The project budget is one hundred and fifteen crore Taka and life is 10 year. In budget fifteen core taka for bank interest and one hundred core taka for other cost.Why we take this plan: In economists language Chittagong is heart of Bangladesh and recently our Government takes decision to expand Chittagong Port and make a deep sea port in Sonadia. After considering this we think in future Chittagong becomes an important place for people and business organization. In near future demand of apartments, shopping mall, commercial place etc will increase in Chittagong and this is profitable for us. Making a five star in partnership with Hotel Lords Inn. Selected location: For making mega city we take a project name DREAM CITY .This project take place in Cornel hut . For apartments we selected ? of the hole project . The mega city is about 500 acres .. For commercial building and hospital we selected the center space of the whole project. For shopping mall selected southwest corner of the perimeter. Fund Rising: In One Hundred and Fifteen Core Taka we and our partner finance seventy core taka and another thirty core Taka taking loan from Bank Asia at interest rate 5 percent. The bank interest we collect from our revenue. The cost: There are many type of cost.Here we listed some main cost like Land accruing:Tk 450000000 Material cost: Tk 300000000 Labor cost:Tk 90000000 Interest expense: Tk 150000000 Other expense:Tk 160000000 In material cost include cost of cement, iron, machine, stone, glass, aluminum etc and in other expense include office expense, transport expense, government tax etc. The revenue: Here are some revenues which we can earn We have 500 apartment project, where per apartment size is 1250 & the entire apartment sizes are 6250. per sq feet will sell 4000tk & we can earn 300000000tk.We also have 100 duplex home project, per duplex apartment will sell for 500000000tk &total earn would be 500000000tk. Shopping mall 35000 sq ft,per sq feet tk4000 & total amount would be tk140000000. Other revenue from other project 500000000tk. fixed earning come from commercial building , school , hospital, water supply . because our company we run this things in the dream city. Minimum fixed income is 50000000 per month. Promotion: to promote our mega city plan we will take help from the media. Commercial advertisement, newspaper, radio helps us to market our project to the hole country.

my dawg essays

my dawg essays OK... Im going to ask you to listen very carefully. Im going to be real straight forward here and I dont want you to think there is any underlying feelings here so take this word for word. The second worst thing you could do to me is not talk to me. The absolute worst thing you could do to me is not talk to me because u think Im mad at you. I understand you think that Im bitter about this but youre wrong. I guess youre not trying to talk to me about what happened between you and mike because u think Ill get mad or upset or you think it will hurt me. Actually you not talking to me about whats going on IS what is really making me so upset. You are compromising my integrity by thinking (after all the conversations weve had about this) that I would be upset at YOU about your decision to stay with mike. That makes me think, that you think, that I am just that shallow. You have to talk to me. I dont care how. I have so much respect for your painstaking decision that you had to ma ke about this, and Ive told u time after time that I wanted you to do whatever made you most happy. Even though (and I told myself I wasnt gonna say this) it really sucks for me. Another thing... we talked every night for about two weeks for hours on end, which did mean a lot to me... Then one day I get a 4 line E-mail that just scares and confuses the hell out of me. I send out a novel and dont hear from your for a week. I still havent heard from you. Now I know youve been sick and Im NOT mad. I just want you to know that the last week that I havent talked to you has really sucked for that reason. I have no idea if you miss me or not and I have to assume that you dont because youve made no attempt to talk to me. Right now I think you just want me to go away so you can just move on with mike or whatever. I dont und ...

How to Join Your High School’s Student Council

How to Join Your High School’s Student Council SAT / ACT Prep Online Guides and Tips Thinking about joining student council? You should be! It's a great way to make friends and gain leadership experience, especially if your interested in politics. However, it can alsorequire a significant time commitment. What is student council and what duties will you have as a member? How do you join? Should you join? I'll answer these questions and more below! What Is Student Council? Student Council, sometimes called Student Government, is the elected governing body at your high school. The group is composed entirely of students; often they have a faculty adviser. Typically (though this may vary slightly by high school/region), each grade level has itsown grade-level council (i.e. freshman student council, sophomore student council,junior student council, and senior student council). Usually, each grade-level council has their own faculty adviser.The grade-level councils typically plan and execute grade level specific programs (such as creatinga class t-shirt, organizing a class fundraiser, planning the class float for the Homecoming parade, etc.). Additionally, there is usually a school-wide student governmentthatplans and executes programs for the entire school (such as Homecoming Week or a school-wide fundraiser). The school-wide council typically has itsown faculty adviser but still gets assistance with itsevents from the grade-level councils. Think of the individual grades as individual states with their own governments, but they all fall under one country (school) and one federal government (the school-wide student council).I’ve created the chart below as a visual reference of this hierarchy. Additionally, I’ve listed the typical positions available on each council. What Do Student Council Members Do? In this section, I’ll discuss the general responsibilities of all members. I'll then go on to discuss the duties of specific officers (President vs. Secretary, etc.). Duties for All Members All student government membersare responsible for attending meetings (usually weekly, though the specifics will vary from school to school). If you’re on a grade-level council, you’ll likely have meetings both with your grade-level council and the school-wide council. These weekly meetings include all members of the council as well as the faculty adviser. At these weekly meetings, members brainstorm events they'd like to plan and divvy up the tasks.Occasionally (typically once or twice each school year), the grade-level student councils will hold an open meeting to allow their classmates to come and voice their concerns or suggest ideas. As I said above, members of the grade-level councils are responsible for planning and executing grade-level specific programs(such as creatinga class t-shirtororganizingJunior Prom).Members of the school-wide council plan and execute programs for the entire school (such as Homecoming Week or a school-wide fundraiser). In addition, members of grade-specific councils are responsible for assisting the school-wide council in planning and running major school-wide events such as the Homecoming parade, Homecoming dance, and pep rallies. Typically, senior student governmentmembers have an obligation aftergraduating from high school:planning your high school reunions. What Are the Position Specific Duties? I’ll go down the hierarchy. The duties of each position remain the same whether it’s for the freshman council or school-wide council. As I said above, every member is responsible for attending meetings and helping make school events happen. The duties listed below are the additionalduties for each position. President:Responsible for planning and running meetings (i.e. creating meeting itineraries, facilitating discussions), delegating tasks (i.e. deciding who on the council will be in charge of finding someone to design the class t-shirt, who will be responsible for finding a company to print the t-shirt), and for holding people accountable (i.e. making sure people complete their assigned tasks). 1st / 2nd Vice President:Responsible for assisting the president (i.e. running meetings in their absence, making sure people are completing assigned tasks, etc.) Secretary:Responsible for taking notes at all meetings and emailing those notes to all council members. Treasurer:Responsible for budgeting and managing money (i.e. collecting money when selling tickets for Homecoming, depositing that money into the proper account, keeping records). HowCan You Join Student Council? To be in student government, you need to be elected.Elections for freshman student council typically happen at the beginning of the school year, in the fall.Elections for sophomore, junior, senior, and school-wide student councils typically happen near the end of the school year before summer vacation.You usually have to sign up to run. Make sure to talk to the front office at your school and askhow to sign up to run for student government. If you’re trying to run for a position for the first time (i.e. you’ve never held a position on student council at your high school before, whether as a freshman, sophomore, junior or senior), I recommend first trying to run for what are considered smaller positions:treasurer or secretary.There is usually less competition for these positions, which will make it more likely that you’ll be elected.Additionally, while these positions are considered smaller, you have the same responsibility as the president or VP,to help plan and execute great events. If you hope to be class president someday, you can prove yourself in a smaller position and then run for bigger positions in future elections.I started as my freshman treasurer, then became sophomore VP, then junior class president, and I becameStudent Government President my senior year.No matter what position you run for, how you campaign is important. Youonly need onetip to win your campaign... The Most Important Campaign Tip:Make Sure People Know (and Trust) You! Plain and simple, you will not win your campaign if only tenpeople know who you are.You will also likely not win if your entire grade knows you, but onlyas the person failing all of your classes or the person who doesn’t take anything seriously (aka class clown).To win the campaign, you need to make sure people know you and trust you. How do you get people to know you?If your school allows it, make posters, stickers, pencils, etc. with your name on it.The size of the posters doesn’t matter, butthe quantity does.It’s better to print 50 posters on printer paper than to make 10 on fancyposterboard.You want people to see your name so that they can talk to their friends about you andtry to figure out who you are before election day. Next, start to develop your campaign platform or main focus. Why do you want to be on student council?Do you want to improve school dances? Do you want to have a wider variety of school lunch options? Create a class field trip? Start a fundraiser? Having a focused platform will help you seem trustworthy and will help you stay motivated. Now you have to spread your message.During your lunch period, you should not be sitting down; instead, walk around the cafeteriaorcampus. Introduce yourself! Hand out pencils and stickers.Talking to people is your best weapon.Tell them about yourself and why you want to be part of student government. Ask them what events they’d like to see planned this year or what ideas they have. However, you don't want to annoy other students (if you do, you definitely won't get elected), so try to cap yourself at 2-3 minutes of chatting, and then move on to another group. How do you get people to trust you?This is amore difficult task. Talking to people and asking about their ideas will help build some trust.To continue to build trust, you need to show your competence in the classroom.Make sure you’re known as the person who does all of their homework, gets good grades, engages in class discussions, etc.Don’t be known as the person who is always late to classor on their cell phone. How to Ace Your Campaign Speech Some schools allowcampaign speeches (mine didn't!). Speeches provide you with another opportunity to show that you're trustworthy. Here are my bullet points for a good campaign speech: Introduce yourself (It may seem obvious, but it will helpstudentswho may not know you). â€Å"Hi, I’m John Doe, and I’m running for sophomore class secretary.† Say why you want to be on student counciland why you’re qualified. Your qualifications will bea combination of personal characteristics and past experiences and successes. â€Å"I'm an excellent note-taker. I served as drama club secretary.† State your campaign platform or main focus. â€Å"I want to plan a class trip to Disney.† Explainhow you plan to accomplish your goals. â€Å"I will raise the money for the class trip by hosting a school-wide hot dog eating contest.† End with your name(again,it'll helpstudentswho may not know you). â€Å"Remember, vote for John Doeforsophomore class secretary.† These should be the main points you hit, but also try to inject some humor into your speech to make it more entertaining.Your speech should NOT be too long (I’d recommend 2-3 minutes maximum).Make it brief or you’ll lose your audience. What Are the Benefits of Joining Student Council? By joining the student government, you’re able to influence your high school.You can start new events and fundraisers.For example, as student government president, I started a donation drive to collect used prom dresses for a non-profit called Becca’sCloset.If there are things that bother you about your school thatyou'd like to improve, student council gives you an opportunity to do so.If you hated the Homecoming dance last year, you can plan a better event.Instead of having the Homecoming dance in your gym, you can move it to a hotel ballroom. If you dislike school lunches, you can try to change the menu. Student governmentalso gives you agreat leadership experience to discuss on your college application.Colleges like to see leadership experience and involvement on your resume.It shows that you can get involved in your school and improve things, which makes colleges think that hopefully you would do the same at their school. Be aware that there are potential drawbacks to joining student council.You might get blamed or criticized if people don’t enjoy your events.Nothing is worse than the class t-shirt. Someone is always unhappy and doesn’t like the design. People get this upset, SERIOUSLY. Should You Join Student Council? If you’re truly interested in planning school events and organizing fundraisers, then YES!If you’re just looking for another activity on your resume, then NO!Colleges aren’t looking for students with a laundry list of activities on their resume.Colleges are looking for students who do one thing and who do it VERY well.For more on this, read our article, How to Get Into Harvard and the Ivy League, by a Harvard Alum. If you love the idea of improving your school, then make student council your main extracurricular.Don’t be a mediocre student governmentmember! To be an effective member of student council, make sure you have the time to commit to it. You'll want to have at least fivehours per week to dedicate to student council. Plan ononehour for meetings and fourhours for event planning or executing events. Be on time to meetings and events. Show up to meetings with ideas for events. Take charge of event planning. Try to plan the best events your school has ever had.Plan new amazing fundraisers!Try to make real positive changes at your school! What’s Next? Interested in learning about other great extracurricular opportunities? Learn more about job shadowing, community service, and volunteer abroad programs. Want to improve your SAT score by 240 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Reference

Reference When you sit down to write an academic paper or business report, how often do you feel totally confident at the outset? Do you pass your paper to friends over and over again, hoping that their edits will catch all of your stylistic mistakes? How often do these methods prove foolproof? Learning to Write Every good writer learns the elements of style. There are so many fine points of grammar and usage that no single writer can know each one, all the time. In fact, the English language is continually evolving, creating the need for further and revised guidelines. The Need for Reference Thats why most writers have a reference book, that they can use whenever they need guidance. From the basic formats for different publications to the specifics of citations, writing reference guides have helped writers hone their craft for years. With modern guides taking technology and a changing world into account, you can be sure to have the most correct format for the present time. Some of the most popular reference guides include the APA Style Guide and the Chicago Manual of Style. These are tried and true resources for the modern writer, and have been relied upon countless times. Once you begin to discover all of the instruction available to you in these guides, you will want to keep them nearby as you write, for ultimate reference.

Garment Manufacture Essay Example | Topics and Well Written Essays - 1000 words

Garment Manufacture - Essay Example Although tariffs will still be in place, the liberalisation of the T&C sector by means of quota abolition is a decisive step towards free trade. But just what does the liberalisation of T&C sector mean to the market and its players (David Birnbaum, 2005) This is where the role of the buyer becomes immensely vital. Manufacturers will need to source raw materials that meet their quality standards and at the same time keep track of competitive prices to keep their brand alive and kicking. Buyers are trained professionals whose hand first-hand information on market trends and vendors. It is in their hands the future of a garment manufacture lie. Garments are an essential part of man's existence. During the age of cavemen, men and women wore the skin of the killed animals to protect them from cold. Gradually, this changed and they began to use plant leaves, and other materials to cover their torso. Though the purpose remains the same, men and women now wear dresses made out of wool, cotton, nylon, synthetic, rayon and silk. Style became a part of society and designers began to showcase their talent through designer wear. Fashion became more pronounced around the 1950s and has since, shown an upward trend. The names of Jean Paul Gaultier, Carolina Herrera, Felipe Oliveira Baptista, Carmen Marc Valvo, Christian Dior, Karl Lagerfeld, and Elie Saab, to name a few, are breakfast names. So what makes them different from others Design and texture, of course! Garments that are worn by people like you and me are in most cases, imitations of what is shown on the ramp. Designer wear are exclusive and cost a fortune. However, garment ma nufacturers the world over, design dresses that are look-alike to their more illustrious cousins on FTV. 3.0 Market Trend For any garment business to succeed or sustain their presence in this highly competitive field, the manufacturer needs to obtain raw materials and at competitive prices. If there is one area of concern, the manufacturer will suffer great lose. Raw materials are an essential aspect of production. If supplies remain unpredictable or truncated, production will seize and the business, doomed. Similarly, if prices escalate and demands grow, there must be a stand-by to cover this. Prices fluctuate periodically and this can affect supplies and pricing. This has to be a very important part of planning. No manufacturer can work on a day-today basis. Orders that are placed over a long period of time need to be executed and at contracted prices. This is when the service of the buyer (sourcing) remains critical. It is never easy for one to identify and maintain continuity with just one supplier. There must be at least a few more alternatives to meet contingency. An important aspect in managing contemporary fashion business is supply chain management. Once an order is placed, the manufactured product needs to reach the designated store or consumer. Retail environment constantly undergoes changes, and unless the product reaches the wholesaler or retailer on time, it could have severe economic and consumer pressure. Market

Personal journal entry 4 Essay Example | Topics and Well Written Essays - 250 words

Personal journal entry 4 - Essay Example However, the court identified that this kind of relationship can contain important traits of family that symbolizes the changing social situations. It is clear that the number of individuals that qualify to be a family under the law has expanded2. The case clearly demonstrated that due to the changing modern beliefs the two men living together were ‘family’. During the case, the court researched and confirmed a wide role meaning of ‘family’. The idea is a collection of combined attributes that can be looked at independently or as an entity. The meaning of family can be confirmed when one analysis the supposed roles discharged in the relationship3. The judges in this legal resolution held that a difference could not be seen by a same-sex couple staying together and the opposite sexes couple, in terms of affection and love4. In this case, Mr. Fitzpatrick succeeded on the basis of ‘assured’ tenant and not statutory tenant because he did not qualify as a spouse5. In addition, the ruling was made in consideration of the characteristics defined by the 1920 Act that were satisfied by Mr. Fitzpatrick and his partner that fell under the term

Self assessment paper Essay Example | Topics and Well Written Essays - 1500 words

Self assessment paper - Essay Example This shows that I am a people - focused individual living in a world of people possibilities and do have excellent people skills. Analysis My BIG 5 Personality Test also shows that I am an extrovert who shows concern with other people’s needs. It shows that I am a person who sets clear goals and ultimately pursues them with zeal and determination. People often regard me as a hardworking and a reliable person. This works very well with me as a team leader. I am also exceptionally calm, unflappable and composed and I do not retort with extreme emotions, even to situations that a good number people would depict as stressful. I also like thinking in plain terms and not in complexities. People consider me as conservative, practical and down-to-earth. This is ideal for my team as I am able to mingle and work well with other members to achieve good results. Personal Needs Description After a thorough self-assessment on my personal needs, I have extensively done a lot of soul-searchin g of myself and I have done a comprehensive analysis of who I am and a better understanding of myself. Analysis I have good listening skills, which I rely on to ensure that workers are more productive. My good listening skills have enabled me to better understand my team of workers and to know their expectations of me as a team leader. It helps me to build a rapport with my team and my superiors. Since I work better in a team-based environment, my listening skills have enabled me to show support, resolve problems with my team, answer questions correctly and find underlying meaning in what others say. I have tips that enable me to listen well which include maintaining eye contact, being attentive, nodding my head, leaning towards the speaker, never interrupting the speaker, always replicating instructions and soliciting suitable questions when the speaker has closed his address. As a good listener, I know that being attentive to what the speaker does not say is as important as being attentive to what he does say. I also look for non-verbal cues such as facial expressions and posture to get the full glimpse of what the speaker is telling me. I know I am a good listener since I know how to minimize external distractions in order to concentrate fully on what I am being told. I respond fully to the person speaking to me and focus solely on the main topic under discussion with an open mind to draw sufficient information from what is being said. I never take offense or become defensive even where the speaker criticizes me. Instead, I do take criticism positively and totally engage myself as I seek clarification (K Singh, 2012). Motivation is the reason for my actions. Motivation is the feelings and thoughts that make us covet to do something, persist in wanting to do it and turn our wishes into action. A number of factors that motivate me include money, bonuses, future promotion, my job, good working relationships, job security and a favorable working environment. I also do get a lot of motivation when I see satisfied team working under happy customers and me. I thrive in meeting my given deadlines and surpassing my targets. An enabling environment is essential to achieve desired goals; given that environment, I can and do surpass almost any work related target placed before me (Singh, 2012). Team Preference Roles Description On the team preference roles, I am both a gatekeeper and a moderate encourager since I have a strong tendency of encouraging my team

Terrorism Essay Example | Topics and Well Written Essays - 3000 words

Terrorism - Essay Example One thing which is common in all the terrorist attacks is the involvement of the political motive. It is the action on behalf of a political cause. Sometimes the cause was on national grounds such as the separation of Russia from Chechnya or the separation of North Island from Great Britain. Sometimes the cause was the grievances against the American government which led to the World Trade Center attacks or Oklahoma City bombing. There is no private motivation of the attackers of all these incidents. There is always a political agenda which is accomplished by means of these attacks. The two many factors of terrorism are publicity and the game of psychology. The aim is to capture the attention of all the people around the globe by making the attack more dramatic i.e. killing a large number of people to politically motivate violence. According to Peter Kropotkin, a ninth century anarchist, terrorism is ‘propaganda by deed’ by which groups particularly small in number recei ve the attention for a cause. In this paper, the quote of Noam Chomsky which says ‘Terrorism is simply what our leaders declare it to be is discussed with its implication for law/ lawyers. Noam Chomsky is an American linguist, philosopher, cognitive scientist and political activist. He has been writing on politics and language for the past forty years and is one of the most prominent and original social critics of his times. He is the eight most cited authors and is known as the ‘most cited living author’. The first question that must be answered is that whether an event is declared as terrorism just because the most powerful leaders declare it as terrorism or there are other factors that lead to this conclusion. 1 There have been many instances where the politicians make clear predictions about an event just because they are some hidden goals in such goals and simple declare an events as a form of terrorism. If nothing happens as such they say that it is because of the tight security conditions that made it unsuccessful whereas if a leader is on a shaky ground then all types of events are expected to be blamed as terrorism attacks. It is also the responsibility of the media that provide such inadequate and wrong assumptions regarding an event. All the happenings are a repetition of the same tasks and different reasons are given to make the people fool about it. These protocols are backed by honourable leaders who just condemn such acts by their strong words of cowardice. The usage of queen’s language in public speaking is just a method to gain trust of the people to make them sure that the nation is in the safe hands. Who are the real terrorists? Is it the leaders or the terrorists who should be called as the real terrorists in the interest of the common man? When a leader declares war on terrorism, we don’t look beyond the terrors that are systematically placed upon the humanity. When hundreds of people are just killed for th e sake to counter the issue of terrorism then it is considered as enforcement efforts. The leaders claim that they are in a position to combat these evil acts. My question is same as Noam Chomsky that when a leader doesn’t promote terrorism then why one should participate to make it worse. This means that leaders are not less culpable. Here are a few examples to support my argument: In 1980’s, a former leader of the CIA in Central America informed on record about his

Worship and Ritual in Christianity Essay Example | Topics and Well Written Essays - 1250 words

Worship and Ritual in Christianity - Essay Example The Bible is the Holy Book Christians use to worship and has been used as the guide to everyday life. There are rituals and festivals that mark the manner in which Christians praise God (Pecklers 65). These rituals trade back to the festivities that are seen in the Bible, and to this day, many individuals still uphold the practices. However, not many people view these rituals as a way of worship. They see it is primitive and empty. Some go as far as suggesting that there is no Supreme Being to worship. This paper, however, will examine worship and rituals that mark the Christian faith, and why it is vital to live believing in something. Empty ritualism is the process of undergoing, or performing a ritual while there is the absence of sincerity or genuine meaning. A lot of this happens in many areas as individuals believe that they are doing this to fall in God’s favour. This, to a large number of people, is what is called ritualism (White 61). It is usually done to recover som e sense of religious feeling that was once lost. This is not condoned in modern Christian settings as it gives off a feeling of worship being violated. Whenever the pattern of worship is violated, people know that the design meant for ritual is not being followed. This gives the religion a terrible reputation among other religions that exist. Christians pride themselves with the thought of their religion being superior to other existent religions. They, therefore, follow most of the rituals in the Bible strictly so as to abide by the ways of truth. In the Holy Book, the New Testament ways are chosen over the Old Testament ways. This shows that some of the rituals that were once carried out; need no longer be carried out after the coming of Christ. He came to shed light on how Christians could live without some of the old traditions that ruled their lives (White 64). As such, modern day Christians follow the New Testament to guide them in everyday life. That is why; sacrifices and bu rnt offerings are not part of the rituals Christians carry out in modern time. They, however, still observe some of the rituals in the Bible. As with any religion, there are bound to be groups that choose to do things differently. This is according to how they view and comprehend the Bible. This is probably why there are diverse groups of the Christian religion, which choose to be different from others. This is through the way and manner of worship, and conducting of their rituals. All these groups view the other as a pervasion of the real Christian religion. What they do not seem to realise is that all these groups serve the same purpose, and the same God (White 76). Christians worship throughout the week, and the year. Even though, the styles of worship differ in all the denominations present, the services, worship ceremonies, and rituals, hold extraordinary meaning to Christians. Christians believe that the church is the dwelling place of God. This is where they conduct their ser vices. Many of the believers worship on Sunday as they believe it is the Sabbath, the day that Jesus rested. Others, for example, the Seventh Day Adventist, believe that Saturday is the blessed day. This does not make them any less Christian than the Catholics, who are considered the foundation on which Christianity is built. There is the use of art and decoration in these diverse denominations (White 76). The use of arts and decorations vary as they stand for different meaning and symbolism in these places of worship. They, however, serve the purpose of praising and worshiping God wherever they are used. Some of the ancient customs and traditions that are connected to Jesus are still practiced in

Individual Proposal to Change or Add a Policy, or Create New Business Research Paper

Individual Proposal to Change or Add a Policy, or Create New Business - Research Paper Example The virtual system would also promise high levels of productivity for employees by digitalizing all information. There are a thousand stores and shops out there that offer lucrative brands and special offers but you need to highlight your strategy of sit back in your chair and shop for groceries concept. Background The globe is changing at a fast scale and everything is contracting into one with the advancement in science and technology. We have already seen the venture and game of mobile companies creating virtual markets for their application shoppers and brand addicts. There is a great socio and economic tornado that is sweeping the world to conform to the latest trends of technology and it. In such a scenario the business environment is becoming highly competitive and to gain competitive advantage it is necessary to go online. Now is the ear of Information and technology change and consumers has become so intelligent and market sensitive that brining innovation is essential to su rvive in the competitive landscape (Reiss, 2012 ). Problem The problem with this policy is that it requires a huge organizational change. The change of culture, operations and systems may need to be brought at massive scale. The workforce may have to be downsized and the remaining workforce needs to be prepared for the change. Special trainers need to be hired to train the existing staff. The shift from a traditional system to a virtual one may take a considerable amount of time (Reiss, 2012 ). Intro section outline Need for- Special trainers Change managers Equipment Web developers Analyst Management information system softwares Security managers High tech computer systems Benefits- Eventually lower cost of warehousing Inventory management and accountability can be easily monitored Stand as a competitive advantage in the retail industry Increase productivity Motivate young staff and potential candidates to be a part of the organization Increase sales and profits Cut down warehouses Less staff to manage and pay Less dependency on efficiency of human capital Methods First of all it is necessary to create a business plan. Hiring an MBA is very essential for that. Calculate all costs of getting into the venture and sustaining it. Set out the objectives of the change policy and start implementing the business plan. Assign the project to a project manager. Purchase a domain name for your website and also get return and overhead charges permit from the government and create a website. Establish different paying systems, get associated with renowned banks for easy payment transfers for goods. One you have developed the website, hire a set of people to maintain all systems and keep all information co ordinate. The warehouse software, recruiting, sales order, delivery softwares all should be aligned together for co-ordination of information. Monitor the content being displayed and focus heavily on advertising the new style that you are introducing. Highlight the conven ience factor and market your store like anything and hit all possible virtual markets for example social networking sites. Hire a maintenance and security team to look into the security aspect of your business. The use of digital dash boards and workforce management systems can help in monitoring and evaluating performance before and after the change (Reiss, 2012 ). Qualifications The person

Worship and Ritual in Christianity Essay Example | Topics and Well Written Essays - 1250 words

Worship and Ritual in Christianity - Essay Example The Bible is the Holy Book Christians use to worship and has been used as the guide to everyday life. There are rituals and festivals that mark the manner in which Christians praise God (Pecklers 65). These rituals trade back to the festivities that are seen in the Bible, and to this day, many individuals still uphold the practices. However, not many people view these rituals as a way of worship. They see it is primitive and empty. Some go as far as suggesting that there is no Supreme Being to worship. This paper, however, will examine worship and rituals that mark the Christian faith, and why it is vital to live believing in something. Empty ritualism is the process of undergoing, or performing a ritual while there is the absence of sincerity or genuine meaning. A lot of this happens in many areas as individuals believe that they are doing this to fall in God’s favour. This, to a large number of people, is what is called ritualism (White 61). It is usually done to recover som e sense of religious feeling that was once lost. This is not condoned in modern Christian settings as it gives off a feeling of worship being violated. Whenever the pattern of worship is violated, people know that the design meant for ritual is not being followed. This gives the religion a terrible reputation among other religions that exist. Christians pride themselves with the thought of their religion being superior to other existent religions. They, therefore, follow most of the rituals in the Bible strictly so as to abide by the ways of truth. In the Holy Book, the New Testament ways are chosen over the Old Testament ways. This shows that some of the rituals that were once carried out; need no longer be carried out after the coming of Christ. He came to shed light on how Christians could live without some of the old traditions that ruled their lives (White 64). As such, modern day Christians follow the New Testament to guide them in everyday life. That is why; sacrifices and bu rnt offerings are not part of the rituals Christians carry out in modern time. They, however, still observe some of the rituals in the Bible. As with any religion, there are bound to be groups that choose to do things differently. This is according to how they view and comprehend the Bible. This is probably why there are diverse groups of the Christian religion, which choose to be different from others. This is through the way and manner of worship, and conducting of their rituals. All these groups view the other as a pervasion of the real Christian religion. What they do not seem to realise is that all these groups serve the same purpose, and the same God (White 76). Christians worship throughout the week, and the year. Even though, the styles of worship differ in all the denominations present, the services, worship ceremonies, and rituals, hold extraordinary meaning to Christians. Christians believe that the church is the dwelling place of God. This is where they conduct their ser vices. Many of the believers worship on Sunday as they believe it is the Sabbath, the day that Jesus rested. Others, for example, the Seventh Day Adventist, believe that Saturday is the blessed day. This does not make them any less Christian than the Catholics, who are considered the foundation on which Christianity is built. There is the use of art and decoration in these diverse denominations (White 76). The use of arts and decorations vary as they stand for different meaning and symbolism in these places of worship. They, however, serve the purpose of praising and worshiping God wherever they are used. Some of the ancient customs and traditions that are connected to Jesus are still practiced in

Political science Research Paper Example | Topics and Well Written Essays - 500 words

Political science - Research Paper Example an Glover persuasively argues that the propensity of people in the West to attempt to explain the genocide in Rwanda by harking back to tribal divisions and historic tribal animosities is an oversimplification which does not do justice to the conflict. Accordingly, by focusing on the inevitability of such tribal animosity Western scholars have ignored important preconditions to the outbreak of genocide in Rwanda in 1994. As the poorest country in data set #9, the world-wide movement to atone for the historical injustices faced by the Tutsi people is alive and well in post-genocide Rwanda (CIA, 2009). Genocide in Rwanda did not â€Å"just happen†. The Belgian colonial experience shaped the artificial â€Å"ethnic† divisions in Rwanda which shaped politics for years to come, culminating in the genocide of 1994. Accordingly, the conflict in Rwanda was more than a civil war or short-term conflict. While estimates vary, up to one million people – largely Tutsis and moderate Hutus were killed in an incredibly short period of time. The Rwandan genocide was not a standard civil war and was an orchestrated full-scale genocide perpetuated against the Tutsi minority but extremists within the Hutu camp. A hate campaign against Tutsis and moderate Hutus was conducted through a variety of means by gà ©nocidaires intent on eradicating the Tutsi presence in Rwanda. Fearing a Tutsi-led invasion in the aftermath of Habyrimana’s death, the genocide planned by â€Å"people wanting to keep power† (Glover, 121) and a variety of means were used to coerce the Rwandan population to engage in the genocide. Instead of a mere tribal hostility, Glover argues for individual agency in attempting to account for the emergence of the genocide and argues that key players within the Hutu extremist establishment were responsible for the events that transpired after Habyrimana’s plane crashed. Instrumentalism is a theoretical paradigm which argues that things â€Å"don’t just happen†, events

Plato Essay Essay Example for Free

Plato Essay Essay 1. a) Explain how Plato’s epistemological assumptions shape his metaphysics (Why does he think that there must be Forms? Hint: Plato says (in effect): â€Å"Since knowledge is certain, therefore the objects of knowledge must be unchanging. †). b) Define Plato’s Forms and present the theory of Forms by explaining the â€Å"divided line. † (You can use the visual image, but explain it. ) Plato was extremely devoted in answering the sophists’ skepticism about reason and morality. To do so, he spent more time than any philosopher before him studying knowledge, or epistemology. He realized that to answer the sophists’ skepticism he had to first solve the three main problems that earlier philosophers had left behind; the problems of change, the â€Å"one† and the â€Å"many†, and the problem between appearance and reality. Plato started where Heraclitus, who said that everything is changing, and Parmenides, who said that nothing ever changes, left off. He said that both philosophers were correct in their assumptions, for they were talking about different types of objects. Heraclitus is correct in terms of the sensible realm; it obviously exists, and is a flux that conforms to the â€Å"measures† as he suggested. Parmenides was correct in terms of the intelligible realm. Plato thought that beyond the world of physical objects in space and time is another world that is nonphysical, non-spatial, and non-temporal. He called this the world of ideai, or forms. These forms are nonphysical, non-spatial, non-temporal objects of thought that are more real than anything else. Whenever we are thinking, according to Plato, what we are thinking about is a form. For example, a triangle drawn on the board in class, no matter how perfect and real it may appear is merely a copy of the form of triangle; a plane figure enclosed by three straight lines. It is like a triangle and looking at it helps us think of the real triangle, but it only relates, or â€Å"participates† in Plato’s terms, to its’ true form. This theory applies to the entire sensible realm because everything changes and nothing stays exactly what it is. In the world of forms, however, everything is always what it is and never another thing. Plato believed that because the world of forms is Parmenidean, or eternal and unchanging, it is therefore possible for us to know it. To explain his theory of forms in depth, Plato used the image of the â€Å"divided line†. Take a line and divide it into two unequal parts, one part representing the physical world and one representing the world of forms. Then, subdivide these two parts in the same ratio, creating two sub-parts of the physical world (call them A and B) and two of the world of forms (call them C and D). Plato says let the first, or lowest, section of the physical world (A) stand for images, such as shadows or reflections. Let the second section of the physical world (B) stand for the actual objects that cast these shadows, like trees, humans, or desks. In the world of forms, Plato continues, let the first section (C) stand for the lower forms, or the forms of the objects in section B. The second section in the world of forms, the highest section of all, (D) then stands for the higher forms, or the science of first principles; the knowledge that, if possessed, would prove the basic assumptions of the special sciences. Plato believed that the nearer we are to the base of the divided line (A), the more conditioned our knowledge is. We can move up the line through dialectic, a process of questions and answer that utilizes hypothesis, criticism, and revision to move nearer to unconditioned knowledge. The higher we climb via this dialectic, the more we rid ourselves of conditions and the better we grasp the knowledge of the non-material abstract forms (D). According to Plato, these are the forms that possess the highest and most fundamental kind of reality. 2. a) How does the Form Man explain the existence of the many individual men? b) What is the nature of man and how is the individual man analogous to the state? c) What is virtue or justice in man and in the state? Plato’s theory of Forms led him to many assumptions, one of the most important of which is his view on the form of â€Å"man† and his relation to the state. He understood that no one man has ever been perfect and that each man participates in the form â€Å"man† to different degrees. Individual men are adequate copies of the true form of â€Å"man†. Plato believed that the men who participate in the form more fully are going to more real, and therefore  better, then the men who participate less. This is better explained by his philosophy of the nature of man and his analogous relationship to the state. Plato recognized the nature of man as a psyche, or soul, that was grouped into three main parts. Each of these three parts have motions proper to them that he believed, if harmonized, would lead to eudaimonia, a total well-being. The first, and lowest, part of the soul he called the appetites. The highest part Plato called reason. The third part, between appetite and reason, he called spirit. He saw the state as having three main parts as well, each corresponding to one of the three parts of the human psyche. Every state needs a governing body, whether kings or congress, so this will be the first part. The second is reserved for the essential producing class, which includes merchants, industrial workers, agriculturists, and so on. Third, Plato held that every state needs a group, between the governing and producing classes, to maintain the state against enemies; this is the guardian group. The analogy relates the producing class to appetite in the individual, the governing class to reason, and the guardians to spirit. Plato wasn’t just satisfied with this, he wanted to know the virtues of these classes, in other words, he wanted to know what each could contribute best. Like organs in an organism’s body, Plato believed each part of the soul and state have a particular role to play in the whole; they were not discrete and complete in themselves. He thought that the function of the members of the producing class was to provide themselves and the nonproductive classes with the necessities of life, such as food, shelter, and clothing. He realized that if everybody were to be provided for sufficiently, some of the producers would have to put up with having less than others. They would have to be ready to â€Å"restrict one’s own consumption for the sake of achieving some sort of balance in the state as a whole†, thus their virtue is moderation or as Plato called it, temperance (Jones 169). The guardians, who make up the second class, must be courageous when defending the state against its enemies, thus their virtue is courage. The governors make the highest decisions in the state. They determine war or peace, educational and economic policies, and so on. To make correct decisions they require knowledge; this is their virtue. A state in which each class is performing its function is just state. Only when the rulers are making wise decisions that are executed with courage and loyalty by the guardians, and the rest of the population is exercising some restraint in its pursuit of material well being, will the citizens of the state be happy. Since the state’s three classes exactly correspond to the three parts of the soul, we are able to understand what Plato took to be their respective virtues. Just like in the state, every individual has producing part that keeps them â€Å"alive and active, a rational part that is intended to guide and direct the energy produced by the body, and a spirited part that is intended to help keep the body in order† (Jones 169). Just as the functions of the soul correspond to the state, so do its virtues. A virtuous man is temperate in satisfying his various appetites and lives a life of reason that is supported by his spirited elements. 3. a) Use the allegory of the cave to illustrate Plato’s political views. In doing so, you should b) explain how the theory of forms supports Plato’s favored form of Aristocracy (to begin with, recall the relation between individual men and the Form of man) and c) explain how the theory of Forms grounds his criticism and rejection of democracy (where in â€Å"the cave† are the Athenian democrats?where are they on the divided line? ) As we have seen, Plato uses myths and methods such as the divided line to explain his views on certain things; this is the case, too, with his views on politics. To understand these views we must examine his allegory of the cave. He said to imagine there was men in a dark cave that were chained by their necks and ankles in such a fashion that they could not move their legs or necks and could only see what was in front of them. These men had been in this cave since childhood. Higher up behind them is a fire that is separated from the prisoners by a sort of puppet-show screen. This fire and screen were used by people carrying various artificial objects, such as figures of men, animals, and other materials, to project the shadows of these objects onto the stone in front of the chained men. It was so dark that these prisoners had no clue they were not alone and if they spoke to each other, they assumed they were speaking with the projected images. Plato goes on to say, imagine if one of them were set free and forced up the steep ascent into the sunlight. He would realize that what he experienced in the cave was not as real as what actually existed. Nature and the sun would enlighten this man and therefore he would gain true knowledge of the world as it is. Plato reasoned that these men, the ones who make it out of the cave, are the men who should rule the rest. His politics were based on man being a social animal, with desires, not only for sleeping or drinking, but communicating with his fellow men in the community. Therefore, he thought communal life is good and all other human goods depend on it for any sufficient satisfaction; an individual, who is really part of the larger state, is neither complete nor himself in isolation. If the good life for the individual is possible only by community, then there must be some sort of government to give direction to the numbers of men and women who live and work together. Plato believed that the few who are wise and good should rule the many. As his theory of Forms suggests, all men participate to the form of man to different degrees. He thought that the few men who participate at the highest levels of the form, the most knowledgeable that have exited the cave and been enlightened, are the ones best for ruling, and doing so rationally; the many are lacking in knowledge and virtue. Plato favored an Aristocracy ruled by these knowledgeable philosopher-kings who would impose the temperance on the producers through selective education and controlled propaganda. Each person, in his view, would find their happiness by playing the part in the state that their degree of participation to the form of man best suited them for. Plato therefore criticized democracy because instead of philosopher-kings who have true knowledge, the rulers are chosen on irrelevant grounds. The art of ruling, which he thought to determine what is best, became in democracy the art of appealing to the masses with flattery. Plato believed that in a democracy it is impossible to exit the cave or rise to the highest section of the divided line because it is powered by rhetoric. Rhetoric works at the level of opinion and only invokes belief by emotional mean, rather than operating at the level of knowledge, where analyzing the forms allows us to discover the truth.

Epicurus and Marxs View on Meaningful life Essay -- alienation theory

In Marx’s theory of â€Å"alienation† it highlights on his analysis of alienated labor carried out by political economy, and sees worker as a misery tool for commodity production .This paper will examine the contrasting perspective given by Marx and Epicurus for a good and meaningful life, and will suggest that Marx’s view is more persuasive than Epicurus, in particular because Marx’s concept relates to our contemporary social phenomena which are much more alike in what we are experiencing today. Indeed, this paper will emphasize two arguments which distinctly are different between Marx and Epicurus’ view on life. First, Marx’s sees the point of life has tied into some kinds of activity like work and materialistic consideration, where Epicurus focuses on one’s experience such as pleasure, contemplation and friendship. Secondly, Marx does not consider wisdom is important, where Epicurus thinks wisdom is a key to achieve happiness in li fe. Marx’s view of alienation is a response to political economy and capitalism, and which has developed an important relation among human, production, and reality with human nature. He sees workers choose work to maintain life; work is not a voluntary thing. People create products that do not belong to them, and they work to satisfy the other’s need (eg. factory owners), not their own, and were considered to be â€Å"forced labor†. Therefore, in a sense work becomes a way people disconnect from their human nature. (p. 51,52) The act of production in a way alienates workers from their activities. Workers are alienated from the object they were produced, the more productivity a worker achieves the more he or she loses the nature of human beings. Since the product is not the creation of their own, workers bec... ...intain our basic living standards. I feel like we live the alienated social structure like Marx describes. Employer paid employees with rate in hours, working schedules; we have deadlines, and work objectives. Yet, we still spend most of our time at work and produce products or provide services which are not belonging to us. Works Cited Epicurus (1), "Letter to Menoeceus" in Jackman (ed), Phil 1100: The meaning of Life, Course Kit, York University 2013, pp. 25-26. Epicurus (2), "Principle Doctrines" in Jackman (ed), Phil 1100: The meaning of Life, Course Kit, York University 2013, pp. 27-29. Jackman, H. 2013 (1). "Karl Marx", Lecture Notes, York University, 2013. Jackman. H. 2013 (2). â€Å"Epicurus†. Lecture Notes. York Univeristy. 2013 Marx, Alienated Labor. (1844). In Jackman (ed), Phil 1100: The meaning of Life, Course Kit, York University 2013, pp. 51-54

The Relationship Between a Mother and Daughter in Two Kinds by Amy Tan

"Two Kinds" by Amy Tan is about the intricacies and complexities in the relationship between a mother and daughter. Throughout the story, the mother imposes upon her daughter, Jing Mei, her hopes and dreams for her. Jing Mei chooses not what her mother wants of her but only what she wants for herself. She states, "For, unlike my mother, I did not believe I could be anything I wanted to be. I could be only me" (Tan 1). Thus this "battle of wills" between mother and daughter sets the conflict of the story. The theme seems to be about how the expectations of a parent can lead to resentment from the child when the child fails to meet those expectations. The theme is partially set in the opening paragraph with the statement, "My mother believed you could be anything you wanted to be in America" (Tan 1), and again in the second paragraph, when the mother tells the daughter, "Of course you can be prodigy, too" (Tan1). Throughout the story, the mother constantly insists on making of Jing Mei a child prodigy. In the beginning, Jing Mei is excited about the possibility. She even likens herself to Jesus saying, "I was like the Christ child lifted out of the straw manger, crying with holy indignity" (Tan 1). When Jing Mei realizes she isn’t succeeding, she loses hope and so chooses not to succeed. In this she resents her mother for constantly trying to make of her something she is not. The story is told in the first-person narrative, or subjective point of view. This is important as it leads the reader to sympathize with the narrator as well as setting up the protagonist/antagonist relationship of daughter and mother. In this case, Jing Mei narrates as an adult but through the eyes of a child, allowing the reader to draw upon his/her ow... ...ith Jing Mei and her mother, it is compounded by the fact that there are dual nationalities involved as well. Not only did the mother’s good intentions bring about failure and disappointment from Jing Mei, but rooted in her mother’s culture was the belief that children are to be obedient and give respect to their elders. "Only two kinds of daughters.....those who are obedient and those who follow their own mind!" (Tan1) is the comment made by her mother when Jing Mei refuses to continue with piano lessons. In the end, this story shows that not only is the mother-daughter relationship intricately complex but is made even more so with cultural and generational differences added to the mix. Work Cited Tan, Amy. "Two Kinds." Literature: An Introduction to Reading and Writing. Ed. Edgar V Roberts and Henry E. Jacobs. 7th ed. N.J.: Pearson Education, 2004. 211-18. The Relationship Between a Mother and Daughter in Two Kinds by Amy Tan "Two Kinds" by Amy Tan is about the intricacies and complexities in the relationship between a mother and daughter. Throughout the story, the mother imposes upon her daughter, Jing Mei, her hopes and dreams for her. Jing Mei chooses not what her mother wants of her but only what she wants for herself. She states, "For, unlike my mother, I did not believe I could be anything I wanted to be. I could be only me" (Tan 1). Thus this "battle of wills" between mother and daughter sets the conflict of the story. The theme seems to be about how the expectations of a parent can lead to resentment from the child when the child fails to meet those expectations. The theme is partially set in the opening paragraph with the statement, "My mother believed you could be anything you wanted to be in America" (Tan 1), and again in the second paragraph, when the mother tells the daughter, "Of course you can be prodigy, too" (Tan1). Throughout the story, the mother constantly insists on making of Jing Mei a child prodigy. In the beginning, Jing Mei is excited about the possibility. She even likens herself to Jesus saying, "I was like the Christ child lifted out of the straw manger, crying with holy indignity" (Tan 1). When Jing Mei realizes she isn’t succeeding, she loses hope and so chooses not to succeed. In this she resents her mother for constantly trying to make of her something she is not. The story is told in the first-person narrative, or subjective point of view. This is important as it leads the reader to sympathize with the narrator as well as setting up the protagonist/antagonist relationship of daughter and mother. In this case, Jing Mei narrates as an adult but through the eyes of a child, allowing the reader to draw upon his/her ow... ...ith Jing Mei and her mother, it is compounded by the fact that there are dual nationalities involved as well. Not only did the mother’s good intentions bring about failure and disappointment from Jing Mei, but rooted in her mother’s culture was the belief that children are to be obedient and give respect to their elders. "Only two kinds of daughters.....those who are obedient and those who follow their own mind!" (Tan1) is the comment made by her mother when Jing Mei refuses to continue with piano lessons. In the end, this story shows that not only is the mother-daughter relationship intricately complex but is made even more so with cultural and generational differences added to the mix. Work Cited Tan, Amy. "Two Kinds." Literature: An Introduction to Reading and Writing. Ed. Edgar V Roberts and Henry E. Jacobs. 7th ed. N.J.: Pearson Education, 2004. 211-18.

Cash flow stream Essay

?1. What is the present value of the following uneven cash flow stream ?$50, $100, $75, and $50 at the end of Years 0 through 3? The appropriate interest rate is 10%, compounded annually. PV=190.46 (SEE EXCEL FILE ATTACHED) 2. We sometimes need to find out how long it will take a sum of money (or something else, such as earnings, population, or prices) to grow to some specified amount. For example, if a company’s sales are growing at a rate of 20% per year, how long will it take sales to double? It would take about 3.801784 years before the sales double. (SEE EXCEL FILE ATTACHED) 3. Will the future value be larger or smaller if we compound an initial amount more often than annually— for example, every 6 months, or semiannually—holding the stated interest rate constant? Why? It will be larger because it’s basically like adding on interest on top of interest as the frequency increases. 4. What is the effective annual rate (EAR or EFF %) for a nominal rate of 12%, compounded semiannually? Compounded quarterly? Compounded monthly? Compounded daily? EAR = (1 + Nominal Interest/Number of Period) ^Number of Period -1 SEMI ANNUALLY= (1+.12/2)^2-1=12.36% QUARTERLY= (1+.12/4)^4-1=12.55% MONTHLY= (1+.12/12)^12-1=12.68% DAILY= (1+.12/365)^365-1=12.75% 5. Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interest rate of 11.33463%, with interest added (compounded) daily. How much will you have in your account on October 1, or 9 months later? OCT 1ST= 100*(1+.1133463/365) ^ (365*.75) = $108.87 6. What would be the value of the bond described above if, just after it had been issued, the expected inflation rate rose by 3 percentage points, causing investors to require a 13% return? Would we now have a discount or a premium bond? PV= $837.21 (SEE EXCEL FILE ATTACHED) It would be considered a discounted bond because the present value is less than its face value. 7. What would happen to the bond’s value if inflation fell and rd declined to 7%? Would we now have a premium or a discount bond? PV= $1210.71 (SEE EXCEL FILE ATTACHED)Â  It would be considered a premium bond because the present value is more than the face value. 8. What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1,134.20? What does a bond selling at a discount or at a premium tell you about the relationship between rd and the bond’s coupon rate? RATE = 11% for a bond that sells for $887 and the RATE = 7% for a bond selling for $1134.20 9. What are the total return, the current yield, and the capital gains yield for the discount bond in Question #8 at $887.00? At $1,134.20? (Assume the bond is held to maturity and the company does not default on the bond.) The return for the $887 bond is 11% and the yield is 90/887 which equals 10.15%. The capital gain would be 11% – 10.15%= .85% The return for the $1134.20 bond is 7% and the yield is 90/1134.20 which equals 7.9%. The capital gain would be 7% – 7.9%= -.9%

Why did Japan attack Pearl Harbour in 1941? Essay

In December 1941, the Japanese struck. A well-coordinated series of attacks across the Pacific, most notably the American naval base of Hawaii, bringing about Japanese dominance in South East Asia; sending a direct message to the ‘oppressive’ west. Japan for a significant period of time had been viewed by the US and its western allies as a major threat in the Pacific, and as a direct consequence of a series of the events tensions boiling point was reached and the climax of nearly 1/2 a century of rivalry exploded. â€Å"The Great War destroyed the multilateral balance of power in East Asia and left Japan and the United States directly confronting each other across the Pacific†; Japan’s continued growth as the leading industrial giant in Asia, allowed an increase in global power but to the Japanese they were never recognised in the manner in which they believed they deserved. Americas realization that this growth could threaten their superiority led to a num ber of subjective decisions but where they left too late, so late in fact that it was a point of no return, the imperialistic mindset of the Japanese was too full of honor to back down in the face of what seemed uncertainty. In the years succeeding the Great War, Japan had embarked on a meteoric rise in its industrial power, and rising concurrently was their global power; this was all achieved under the control of Emperor Hirohito, a man determined to meet Japans goals on the Asian mainland. Nevertheless, this industrial growth would not have been possible without the importation of a number of vital commodities such as oil and aviation fuel. These commodities were imported primarily from the US and if not directly from the Americans from a country allied to the isolationist giant. Yet the US was not blind to the progress of the small island of Japan, the sudden increase had not gone unnoticed and at the Washington Conference of 1921 a report was released that described â€Å"Japans naval armament as a ‘silent power’ with which is used to deter the United States†, in response to this the Americans ensured that the Japanese naval power was restricted to a position weaker than that of t heir own. Within Japan this was met with a feeling of aggravation with her status not being observed as that of a major global power; and not for the first time, Japan had been in a similar position following the Treaty of Versailles with land they had captured in the war being returned and her foreign ambitions once again quelled. Japan was becoming cognizant that â€Å"at some date, the US would interfere and disrupt Japanese goals† and having been used to foreign involvement the Emperor was not going to allow for the Americans to once again change Japan’s ambition: â€Å"the political, commercial and military dominance of the Western Pacific†. This aggressive policy towards its rivals in the Pacific has been attributed to a collection of reasons that led to the attacks in December 1941. To the Japanese they believed that they were entitled to expand their territory and with this being restricted it pushed the ruling elite into a position that, despite experts claiming there were alternative solutions Japan only saw one; and â€Å"war became the most viable option† to render them useless in preventing the objectives of Japan being met. Japan then expanded into Manchuria a military move that left the country isolated internationally. This coincided with the US government banning the export of oil and scrap metals to Japan if not from a licensed company, the first steps towards a complete embargo. Once Roosevelt had given the green light for the complete embargo things began to change internally in Japan as the ultranationalist’s consolidation of power continued ensuring expansion was not held back. This consolidation of power by the ultranationalists was crucial in the decision to attack Pearl Harbor, they felt Japan needed to use what it had learned from WW1 and ensure a ‘quick showdown’. With no oil coming into the country they were left with no choice but to go on the military offensive to keep their booming industry alive. This embargo had put the leading figures in Japan in a position of serious decision making, they could no longer allow being ‘disrespected’ on the internationa l stage; and â€Å"Japan now defined the United States as its foremost enemy in terms of both capabilities and intentions†. Coinciding with the embargo President Roosevelt moved the US fleet to Hawaii in order to discourage Japans expansive ambitions in the Pacific, and with the army officers of Japan being of a militaristic nature it led to a push for action and this action was to be the first strike in what was to become the Pacific War. It can be therefore suggested that the reasoning behind the attack on Pearl Harbour came as a consequence of the humiliation Japan felt it had endured on an international level at the hands of the United States. The United States was a country that â€Å"from the perspective of the Japanese government, was unnecessarily intervening in affairs in which it had little specific, concrete interest†. Despite the continued interference of the Americans in preventing Japans expansive actions, civilians paid little attention to Japan despite the strong racist feelings between the two countries, a feeling that was highlighted by the San Francisco School incident; further increasing tensions between the two feuding powers. The incident was one of five key provocations that the Japanese used to justify their surprise attack; yet despite the increasingly hostile foreign policy aimed in the direction of Japan, little was done to increase military support by the Americans; allowing the Japanese to feel confident enough to attack Pearl Harbour with the hope of undermining American morale, such that the US government would drop its demands contrary to Japanese interests. However, there is no hiding the pivotal reason behind the attacks and this was the defilement of the economy. The destruction of the Naval fleet was a direct â€Å"retaliation for America’s existential attacks on Japans economy†. Coupled together with naval limitation, the unequal treaties and the continued dishonor on the international stage, Japan felt it best to strike swiftly rendering the US military presence in the Pacific non-existent. The elite of Japan was not prepared for the catastrophic consequences of their attack on Pearl Harbor, at the time what was such a successful foreign attack, it turned out to be the defining moment in not only the War but in Japan’s history. Some argue that the attacked doomed Japan by waking a sleeping giant, a giant that up until the point of attack was happy to find a compromise with Japan over the issues in the Asian region. Moreover, the awakening of this giant gave a reason for the whole US military machine to be set in motion; Clay Blair and Mark Parillo â€Å"believed that Japanese trade protection was so incompetent that the US submarines alone would have strangled them to defeat.† Had the Japanese put more time into planning out the response of the US they would have seen to enter the military conflict directly was not the way to go. However they did not highlight this as an issue and the awakening of the Americans ultimately led to the most devastating of con sequences, this was the subsequent dropping of the 2 atomic bombs on Japanese soil, killing 100,000 instantly with the death toll rising for decades thereafter. Despite this Japan did enjoy some positive consequences, the attack allowed a significant area of the Pacific to be conquered and held for a period of time. By conquering these lands, as a direct result of Pearl Harbour, Japans economy continued with a positive trajectory, and the populace continued its â€Å"strong support for the Japanese attack†. Japan had met its goals, the Navy of the US had been removed as a threat for the time being and Japan won every major battle until Midway in June of 1942. However had the military officials of the rising power in Asia targeted the crucial shore facilities that housed the oil reserves, the damage inflicted could have been existential. Consequently, the attacks had the opposite impact on the Americans themselves, â€Å"American attitudes about the war change radically†. This consequence allowed the full force of the US military machine to be put into action, a consequence that conclusively led to the defeat of Japan. Pain and rage swept across the states, a strong feeling of nationalism returned. The surprise attack was seen as ‘unjust and malevolent’ and the racism that had been rife prior to the attack in 1941 was now at the point of Japanese immigrants within America being sent to detention camps for the duration of the war. A reaction that the militaristic government of Japan had not foreseen. And although attempts had been made to prepare the country for war through the publication and use of anti-US propaganda, many were still ‘apprehensive and dismayed’ at the news Japan was now at war with the Americans. With this as a direct result of the Pearl Harbor attack, it did no favors for the morale amongst Japanese citizens who were aroused with both alarm and anger subsequent to the attack. In the long term, Pearl Habor bored more sententious ramifications that struck a blow to the honor and integrity of a once feared nation. Following the decimation of Japan with the dropping of the atomic bombs it was thought that the consequences to the attacks on Pearl Harbor had come to their end, yet this was not the case; American occupation was to follow. It is easy from here to trace back the source of this occupation, had the torpedoes not been dropped on the US naval fleet then it is highly unlikely that the ‘giant’ would have entered the war in the Pacific and engrossed itself in the dealings of Japan.

Commercial Basic Credit Management EXIM Bank Experience

DECLARATION This Internship report is submitted as a partial fulfilment of the requirement of Bachelor of Business Administration . I am Md. Saiful Islam hereby declares that the work presented in this report titled â€Å"Commercial Basic Credit Management EXIM Bank Experience. † has been carried out by me and has not been previously submitted to any other University, College or Organization for any academic qualification, certificate, diploma or degree. The work I have presented does not breach any existing copyright.I further undertake to indemnify the university the against any loss or damage arising from breach of the foregoing obligations. Md. Saiful Islam ID NO. 0101092908 Department of Business Administration IBAIS University ACKNOWLEDGEMENT At first, I foremost like to express my heartiest thankfulness to Almighty Allah to reach me at the end of the BBA Internship. I would like to take the opportunity to express my heartiest gratitude to my honourable supervisor Mahabb at Hosen, Department of Business Administration, IBAIS University for his continuous guidance and support to complete this report.My special thanks to the respondent and my friends specially, Sumon and Monirul Islam former students of IBAIS University for their kind help and co-operation during the course of this Internship. My sincere apologies to the readers for my conceptual and printing mistakes (if any). Md. Saiful Islam ID NO. 0101092908 Department of Business Administration IBAIS University Certificate of the supervisor This is to certify that the thesis on ‘Accounting Performance on Credit Management and Legal Settlement EXIM Bank Ltd. An overview’ as a partial fulfilment of requirement of ‘Bachelor of Business Administration’ degree from ‘IBAIS University’.The thesis has been carried out under my guidance and is a record of the bona fide work carried out successfully. Signature: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Supervisor’s Full Name: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Date: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Faculty: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Letter of TransmittalDate: March 16, 2013 Mahabbat Hosan Lecture of IBAIS University Dept. of Business Administration Subject: Submission of Inter nship Report Dear Sir, It is my great pleasure to submit the internship report on â€Å"Accounting Performance on Credit Management and legal Settlement at EXIM Bank overview. † Which is the partial fulfilment of Bachelor of Business Administration of IBAIS University. I made sincere efforts to study related materials and documents, observe operations performed in EXIM Bank Experience and examine relevant records for preparation of the report.Within the time limit, I have to make this report as comprehensive as possible. But there may be some mistakes due to various limitations. For this reason beg your kind consideration in this regard. Sincerely yours. Md. Saiful Islam ID NO. 0101092908 Department of Business Administration IBAIS University Table of contents Part A Organization ChapterTopicsPage No. 1About The Report 1. 1Origin of the Report 1. 2Background of the Report 1. 3Objects of the study 1. 4Methodology of the study 1. 4. 1Primary Source of Data 1. 4. 2Secondary Sour ces of Date 1. 5Data Processing & Analysis Banking in Bangladesh 2. 1 Introduction 2. 2 Evolution of the word â€Å"Bank† 2. 3 Emergence of Modern Banking 2. 4Bank Development in Bangladesh 2. 5Concluding Note 3EXIM Bank At a Glance 3. 1Historical Background of EXIM Bank Ltd 3. 2Profile of EXIM Bank 3. 3Credit Rating 3. 4Vision and Mission 3. 5Functions of the EXIM Bank Ltd. 3. 6Corporate Culture 3. 7Human Resource Management of EXIM Bank 3. 8Organizational Structure 3. 9Management of Rajuk avenue Branch organ gram 3. 10Management of EXIM Bank Ltd 3. 11Social Commitments 3. 11. 1EXIM Bank Foundation and CSR Activities 3. 11. . 1Healthcare service 3. 11. 1. 2Scholarship program for brilliant poor student 3. 11. 1. 3Helping people affected by natural calamities 3. 11. 1. 4Education Promotion Scheme (Interest free loan) 3. 11. 1. 5Helping people in slum areas 3. 11. 1. 6Donation to educational institutions to setup computer lab 3. 11. 1. 7 Beautification of Dhaka City 3. 12Achie vement 3. 12. 1First private sector bank to open exchange house in UK: 3. 12. 2Implementation of the world renowned Core Banking Software (TEMENOS T24) 3. 12. 3Conversion from Conventional Banking to Shariah Based Islamic Banking . 13Performance of EXIM Bank Ltd. 3. 14Shariah Board 3. 14. 1Shariah Auditing 3. 14. 2Banking with shariah principles 3. 15SWIFT Services 3. 15. 1SWIFT Network 3. 15. 2SWIFT is the logical choice for most international financial transactions 3. 15. 3SWIFT Messages 3. 16ATM Network 3. 17List of Branches 4Theoretical Aspect of Credit Management and Credit Policy 4. 1Credit Policy 4. 1. 1Definition of Credit Policy 4. 1. 2Purposes of Credit Policy 4. 1. 3Formulation of a Credit Policy 4. 1. 4Essential Components of a Sound Credit Policy 4. 1. 5Lending Guidelines 4. 1. Focus on Industry and Business Segment 4. 1. 7Types of Credit Facilities: Bank will go for 4. 2Credit Management 4. 2. 1 Process of Credit Management 4. 2. 2 Policy guidelines 4. 2. 3 Program gui delines 4. 2. 4Tools of Credit Management 4. 2. 5Definition of Credit Risk Grading(CRG) 4. 2. 6Use of Credit Risk Grading 4. 2. 7Number and short name of grades used in the CRG 4. 2. 8Financial Spread Sheet in Credit Management Part B Project Analysis 5Investment Case by EXIM Bank 5. 1Introduction 5. 2 Economic Sector Wise Distribution of Fund 5. 3 Nature Wise Distribution of Loans and Advances . 4 Maturity Grouping of Distribution of Loans and Advances 5. 5Securities in Credit Management 5. 6Practical Cases 6Recovery of Investment Fund 6. 1Loan Recovery Programs 6. 2Recovery Programs taken by EXIM Bank 6. 3 Recovery Patterns of loan and advance 6. 4 Problems in loan recovery 7Classified Loan & Bank’s Performance 7. 1Introduction 7. 2Signs for Classification 7. 3Performance of EXIM Bank Limited 7. 4Evaluation of credit management of EXIM Bank from the customers’ point of view 7. 5Concluding Remarks Findings & Recommendation Bibliography Chapter 01 About The Report 1. O rigin of the Report Present world is changing rapidly to face the challenge of competitive free market economy. To keep place with the trend every organization need executive with modern knowledge. To provide fresh graduate with modern theoretical and professional knowledge in banking and all other different institution management, IBAIS University has assigned the internship program for the students to help them out to have a practical knowledge to work in a real official environment. Under this course the students are sent to gather practical knowledge about working environment and activities.As a prerequisite for the Bachelor of Business Administration Degree I was required to complete this internship program in a suitable business organization. I had been selected to work as an Internee in Export Import Bank of Bangladesh Limited, Rajuk Avenue Branch for a period of 3 months from October 13, 2012 to January 12, 2012. Md. Moidul Islam, Senior Vice President, HR division, Export I mport Bank of Bangladesh Limited appointed me as an Internee. After discussion and getting consent, I started to work on the project titled Accounting Performance on Credit Management and legal Settlement at EXIM Bank Ltd an overview†. . 2 Background of the Report For completion of the BBA degree all of the IBAIS University, students have to go through an internship program in an organization. For this reason BBA students require to undergraduate internship program where they match practical knowledge with that of theoretical knowledge which the acquired throughout the degree. The degree doesn’t complete unless a written report submitted to the faculty, basing on what have the students learned through the internship program. Being a student of BBA, I have the opportunity to work at EXIM BANK Ltd.Rajuk Avenue Branch. This report is prepared based on by observation during the tenor I was with them. 1. 3 Objects of the study The main objective of the study is the evaluatio n â€Å"Commercial Bank Credit Management EXIM Bank Ltd. † To achieve the main objectives, the study covers the following specific objectives. ?To understand the Commercial Bank Credit Management and its overview ? To know about the banking operation. ?To understand the different services provided by the bank ? To gather practical knowledge on Banking & to compare theory with ongoing practices. To present the suggestions to solve identified problems. 1. 4 Methodology of the study For the organization part, much information will be collected from different published articles, journals, brochures and web sites. All the information incorporated in this report will be collected both from the primary sources and as well as from the secondary sources. Here all the customers of EXIM Bank Ltd. who come to Rajuk Avenue Branch and related with the branch at least two years for doing various financial transaction constitute the total population of the study.The total samples are thirty clients who are related with the bank at least two years or more. I think they may represent the whole population. Each client who is conducting their business two years or more with Rajuk avenue Branch is a sample unit. 1. 4. 1Primary Source of Data Collecting data directly from the practical field is called primary source of data. The method that will be used to collect the primary data is as follows: Primary Sources are: †¢Face to face conversation with the employees. †¢Appointment with the top officials of the Bank. †¢By interviewing customers of the Bank. 1. 4. Secondary Sources of Date The secondary data will be collected from the MIS of EXIM Bank. To clarify different conceptual matters, internet and different articles published in the journals & magazines will be used. Secondary Sources are: ?Annual Reports of EXIM Bank ?Other published documents of Bangladesh Bank. ?Office files and documents ?Study related books and journals ?Group Instruction Manual & Busin ess Instruction Manual ?Web sites 1. 5 Data Processing & Analysis Collected information have then processed & compiled with the aid of MS Word, Excel & other related computer software.Necessary tables have been prepared on the basis of collected data and various statistical techniques have been applied to analyses on the basis of classified information. 1. 6 Limitations of the study In spite of having the wholehearted effort, there were some limitations, which acted as a barrier to conduct the program and for doing an empirical research work. The limitations were: ?The study was limited only to the EXIM Bank Limited. ?Another Problem was time constraints. The duration of my internship Program was only three months. But this allocated time is not enough for a complete and fruitful study. The Bank was a busy one having heavy rush of people, whom officers need to deal with. So allocation of time for an internee is very much tough for the officers of the bank. ?Bank is a sophisticate bu siness sector. So bank do not interested to provide me confidential data. As a result in my report there is a confidential data limitation. ?Non availability of up to date data. ?EXIM Bank is an Islamic bank for that reason I face some problems to understand their products & facilities they provide. Because some of the rules of the Islamic banking are deferent from the general banking rules ?The department people always remain busy due to lack of supporting employees so they could not dedicate their full efforts. Chapter 02 Banking in Bangladesh 2. 1 Introduction Bank is an establishment which makes such advances of money to individual, as may be required with which individuals entrust money when not required by them for use. A bank is one, who in the ordinary course of his business receives money which he repays by honouring cheques of persons from whom or on whose account he receives it. Banks deal mainly with money and credit. They purchase and sell money and credit. . 2 Evolutio n of the word â€Å"Bank† Etymology deals with the roots and origin of the word ‘bank’. Regarding etymology or origin of the word bank there is no unanimous opinion among the writers of banking. According to some writers the word bank derived from the word BANCO, BANCUS, BANQUE, and BANC, all of which mean bench upon which the early bankers used to display their coins and transact business in the market place. According to the some other writers the word ‘bank’ has been derived from the German word ‘BANKE’ which means a joint stock fund.The 1st version is widely accepted because at one time the banking history, money changing was looked upon as the most widely accepted function of a banker. Banking in the ancient times was largely confined to money changing and money lending. 2. 3 Emergence of Modern Banking In middle Europe the bankers of Lombardy were very famous. To them belongs the credit of modern banking. In other words they plante d the seed of modern banking in England. They settled in London at a place known as Lombard Street. Florence was the capital of Lombardy. Lombardy was a province in North Italy.Most of the prominent bankers of their present were from Lombardy. Among those prominent bankers we can named one who were famous not only in banking but also in political history in Europe. These Lombardy people were very much disturbed in 13’s by internecine work which was followed by plunder by Kaiser Frederick two. Lombardy people in large number as a result started migrating to more settled countries such as England, French, and Belgium. In England these Lombardy people brought the idea of modern banking and thus England becomes the home of modern banking. . 4 Bank Development in Bangladesh Indigenous banking in Bangladesh is as old as banking in other parts of the world. Money used to be accepted as a deposit and advances used to be given. During Mughal period, indigenous banking flourished. The subarna banik the bullion trading community used to do banking in the then Bengal. Subsequently, larger banking in Bangladesh was gradually taken over by the upcountry bankers who were known as Seth, shah etc. but subarna baniks continued to operate in rural Bengal.With the British gradually coming over to Bengal and settling here, banking in the form of agency house, exchanging house started to flourish in kolkata. Entry of the Bengalese into banking started in the part of this century, especially in the wake of the swadeshi movement. In 1947 after the separation of India and Pakistan, bank business faced a severe disaster as non-Muslim bankers migrated to India. In order to rebuild the bank business State bank of Pakistan was established as a central bank of Pakistan in 1948. In 1971 Bangladesh became independent.After liberation â€Å"Bangladesh bank was automated with the asset and liabilities of former â€Å"State bank of Pakistan†. There were several banks before indep endence of Bangladesh as follows: (1) The national bank of Pakistan (2)The bank of Vowalpur ltd. (3)The premier bank ltd. (4)The Habib bank ltd. (5)The commerce bank ltd. (6)The united bank ltd. (7)The union bank ltd. (8)The Muslim commercial bank ltd. (9)The standard bank ltd. (10) The Australasia bank ltd. (11) The eastern mercantile bank ltd. (12) The eastern banking corporation ltd. Bangladesh Bank nationalization Order promulgated on 26 March in 1972.After the liberation war the above 1st three banks were converted to The Sonali Bank, The 2nd two banks were converted to The Agrani Bank, the next two banks were converted to The Janata Bank, the next three banks were converted to The Rupali Bank, the next one bank was converted to The Pubali Bank and the last bank was converted to The Uttara Bank. Banks in Bangladesh have correspondent relationship with other banks in foreign countries in order to sell their services or to purchase services from them. A summary picture of the cou ntry's commercial banks is presented in the table on Banks of Bangladesh.Statement of Banks in the year 2011 Name of BankBranchesCorrespondent Banks Sonali Bank1307 (1)*369 Janata Bank898 (4)1160 Agrani Bank903980 Rupali Bank514 (1)160 Pubali Bank350433 Uttara Bank198300 National Bank66143 The City Bank 76252 United Commercial Bank79110 Arab – Bangladesh Bank62 (1)310 IFIC Bank54 (2)200 Islami Bank Bangladesh109650 Al-Baraka Bank Bangladesh34117 Eastern Bank2137 National Credit & Commerce Bank27232 Prime Bank20198 South-East Bank12190 Dhaka Bank12271 Al-Arafa Islami Bank 34127 Social Investment Bank1252 Dutch-Bangla Bank69 Mercantile Bank89 Standard Bank913 One Bank155EXIM Bank37 Premier Bank 411 First Security Bank13 Mutual Trust Bank214 Bank Asia 55 Trust Bank525 Bangladesh Commerce Bank2413 * Figures in parentheses indicate number of overseas branches 2. 5 Concluding Note Today’s bank in Bangladesh has not developed over night. Before and after independence of Bangl adesh the concept of bank was developed in Bangladesh gradually. So I can easily say that bank history is as ancient as the human civilization. Chapter 03 EXIM Bank at a Glance 3. 1 Historical Background of EXIM Bank Ltd EXIM Bank Limited was established in 1999 under the leadership of Late Mr.Shahjahan Kabir, founder chairman who had a long dream of floating a commercial bank which would contribute to the socio-economic development of our country. He had a long experience as a good banker. A group of highly qualified and successful entrepreneurs joined their hands with the founder chairman to materialize his dream. Indeed, all of them proved themselves in their respective business as most successful star with their endeavor, intelligence, hard working and talent entrepreneurship. Among them, Mr. Nazrul Islam Mazumder became the honorable chairman after the demise of the honorable founder chairman.This bank starts functioning from 3rd August, 1999 with Mr. Alamgir Kabir, FCA as the advisor and Mr. Mohammad Lakiotullah as the Managing Director. Both of them have long experience in the financial sector of our country. By their pragmatic decision and management directives in the operational activities, this bank has earned a secured and distinctive position in the banking industry in terms of performance, growth, and excellent management. The authorized capital and paid up capital of the bank are Tk. 3500. 00 million and Tk 2677. 80 million respectively.The bank has migrated all of its conventional banking operation into Shariah based Islami banking since July/2004. 3. 2 Profile of EXIM Bank †¢Legal Status. Public Limited Company †¢Establish 1999 †¢Incorporated 2nd June,1999 †¢Activity Starts 3rd August,1999 †¢Islamic Banking 1st July,2004 †¢Listing with Dhaka Stock Exchange September, 2006. Listing with Chittagong Stock Exchange September, 2006. †¢Inauguration of First Branch 3rd August, 1999. †¢Authorized Capital TK. 10 00Million †¢Profit TK 4967563969 million †¢Total Asset TK 41793540. 962 million †¢Shares TK 2233254288 million †¢Paid up Capital TK 878. 5 Million †¢Reserve Fund TK 569. 98 Million †¢Number of Employees 1630 Persons †¢No. of Branches 52 †¢Proposed Branches 08 3. 3 Credit Rating oLong Term A-(Adequate Safety) oShort Term ST-3 (Good Grade) 3. 4 Vision and Mission ?To be the finest bank in the banking arena of Bangladesh under the Shariah guidelines. Contribute significantly to the national economy ?To maintain Corporate and business ethics. ?To become a trusted repository of customers' money and their financial advisor. ?To make our stock superior and rewarding to the customers/share holders. ?To display team spirit and professionalism. ?To have a Sound Capital Base. ?To provide high quality financial services in export and import trade. ?To provide excellent quality Customer service ?To provide standard financial services. ?Wealth maximizat ion 3. 5 Functions of the EXIM Bank Ltd ?The main task of the EXIM Bank Ltd. s to accept deposit from various customers through various accounts. ?Provides loans on easy terms and condition. ?The bank invest it fund in to profitable sector. ?It transfers money by Demand Draft, Pay Order, on line and Telegraph Transfer. ?The bank is doing the transaction of bill exchange, cheque etc. on behalf of the clients. ?EXIM Bank assists in the foreign exchange by issuing LC. ?Above all, EXIM Bank helps the businessmen financially by giving discount facility for bill of exchange and by providing the facility of letter of guarantee. 3. 6 Corporate CultureThis bank is one of the most disciplined Banks with a distinctive corporate culture. The bank believes in shared meaning, shared understanding and shared sense making. The employee of the bank can see and understand events, activities, objects and situation in a distinctive way. They mould their manners and etiquette, character individually to suit the purpose of the Bank and the needs of the customers who are of paramount importance to the bank. The people in the Bank see themselves as a tight knit team/family that believes in working together for growth.The corporate culture we belong has not been imposed; it has rather been achieved through our corporate conduct 3. 7 Human Resource Management of EXIM Bank Human resource is the fundamental asset of the organization. Human resource approach is concerned with the growth and development of people toward higher level of competency, creativity and fulfillment. Therefore, human resources development has been given its due importance in an environment that’s values performance, teamwork, fairness and integrity, it has both quantities dimension .EXIM Bank recognizes that intellectual capital is the most important asset for a financial institution. Without proper and efficient human resources, no organization. The Bank believes that the professional competence Bank person al and its commitment for accomplishing assigned responsibilities are a first line of defense to prevent irregularities. †¢The objectives of Human Resource Management of EXIM Bank are as follows: oConduction of job analysis. oPlanning employee needs and recruiting job candidate. oSelecting job candidates. Orienting and training of new employees. oManaging wages and salaries (compensating Employees). oProviding incentives and benefits. oAppraising performance. oCommunicating (Interview, counseling, disciplining) oTraining and developing managers. oBuilding employee commitment. 3. 8 Organizational Structure 3. 9 Management of Rajuk Avenue Branch Organ gram 3. 10 Management of EXIM Bank Ltd Management is the process of planning, organizing, leading and controlling the work of organization member and of using all available resources to reach stated organizational goals.The strength of the bank depends of the strength of its management team. EXIM Bank is proud to have a team of high ly motivated, well-educated and experienced executive who have been contributing substantially to the continued progress of the bank. Managerial effectiveness has been measured in EXIM Bank in terms of come selected criteria such deposit mobilization, loans and advances made, loan recovery, profitability’s and productivity, it has been found that EXIM Bank is effective in respect of branch expansion, loan disbursement, loan recovery etc.With a short span of time, EXIM Bank has become one of the leading and most successful bank not only among the third generation banks but also it superseded many other bank and financial institutions belonging to second and even first generation banks from the point of view under the dynamic leadership of its management. Management is trying to support and assist well motivated and experienced affairs to run day to day affairs of the bank smoothly.For maintains quality management, its required to train up more official at head office and branc h level in respect of sanctioning, disbursement and recovery of credit, project appraisals, customer services etc 3. 11 Social Commitments 3. 11. 1 EXIM Bank Foundation and CSR Activities At least 2% of the annual profit of every year is put aside for the foundation to conduct Corporate Social Responsibilities (CSR) activities. The mainstream CSR activities that are carried out through this foundation are:- †¢Healthcare service. †¢Scholarship program for brilliant poor student. †¢Education Promotion Scheme (Interest free loan). Helping people affected by natural calamities. †¢Helping people in slum areas. †¢Donation to educational institutions to setup computer lab. †¢Beautification of Dhaka City. 3. 11. 1. 1 Healthcare service A 5 storied building having 10,000 sft floor space at 840 Kazi Para, Rokeya Sarani, Mirpur, Dhaka-1216 has been hired to set up EXIM Bank Hospital. The decoration of this hospital is going on in full swing. A doctor has been recr uited who is working as a resident director of the hospital. Other doctors and hospital staffs have been in the process of selection through recruitment notice already published in the national dailies.They will be appointed as soon as the decoration of the hospital is complete. 3. 11. 1. 2 Scholarship program for brilliant poor student This is a stipend package for poor and meritorious students that take care of the beneficiaries throughout their student life. EXIM Bank Scholarship Programme, launched in 2006 with 61 poor and meritorious students selected from different reputed educational institutions of Dhaka City including Govt. Laboratory High School, Viqarunnissa Noon School and College, Dhaka University, BUET, Dhaka Medical College, etc. nrolled as many as 1000 students from around 150 reputed educational institutions across the country by 31 December 2008. They are enrolled in the this programme to be taken care of for their whole educational life subject to their fulfilment of the eligibility criteria that include satisfactory academic results, non-involvement in student politics, financial insolvency etc. So far Tk. 19. 3 million has been disbursed as scholarship under this programme. 3. 11. 1. 3 Helping people affected by natural calamities Another vital area we are dealing with as part of our CSR activities is helping people survive natural calamities.Under this welfare programmer, EXIM Bank provides relief in cash and kind for flood, fire or cyclone victims and cold-stricken people. The aim of these CSR activities is to help the target group overcome their provisional handicap and contribute to the socio-economic growth as soon as possible. 3. 11. 1. 4 Education Promotion Scheme (Interest free loan) Under Education Promotion Scheme, quard or interest-free loan is provided for poor and meritorious students to help them bear monthly educational expenditure including academic expenses, food, accommodation, etc.The quard is disbursed to the selected s tudents in monthly installments till their accomplishing the master degree. Under this programme the students are required to repay the amount (only the principal amount) in long-term monthly installments after they have joined a confirmed job accomplishing their education properly. By 31 December 2008, Tk. 19. 7 million was sanctioned to take care of around 138 poor and meritorious students from a number of reputed educational institutions like Dhaka University, Chittagong University, Dhaka Medical College, BUET, Bangladesh Agricultural University, Shahjalal University of Science and Technology etc. . 11. 1. 5 Helping people in slum areas Besides natural calamities, fire breaks out sometimes in slum areas that guts the shanties and renders the affected people totally helpless. In that situation, we help the victims fight against the hard days and return to normal life. 3. 11. 1. 6 Donation to educational institutions to setup computer lab We have donated to Dhaka University and Chi ttagong University to set up two computer labs that help the students of those universities acquire ICT knowledge. This will certainly help the students to be ready to take the challenges of this information society. 3. 11. 1. Beautification of Dhaka City In response to the call of the Dhaka City Corporation, EXIM Bank has been sharing a good portion of the mammoth task of beautifying the capital since 2005. To make the capital a modern city enriched with adequate urban amenities, EXIM Bank always joins hands with the government. 3. 12 Achievement 3. 12. 1 First private sector bank to open exchange house in UK In order to ensure delivery of smooth and most reliable remittance services to NRBs living and working in UK, Export Import Bank of Bangladesh Limited (EXIM Bank) has started operation of its wholly owned subsidiary â€Å"EXIM Exchange Company (UK) Ltd†. n 30th June 2009 in London, United Kingdom, one of the oldest destinations for the expatriate Bangladeshis. It is the first exchange house owned by a Bangladeshi private bank. Bangladesh Bank Governor Dr. Atiur Rahman inaugurated the exchange house as the Chief Guest, while H. E. Dr. M. Sayeedur Rahman Khan, Honorable High Commissioner, Government of the People's Republic of Bangladesh, was present in the program as special guest. Chairman of EXIM Bank and Director of EXIM Exchange Company (UK) Ltd. Mr.Md Nazrul Islam Mazumder presided over the program. Deputy High Commissioner Mr. Allamah Siddique, Director of EXIM Bank Mr. Muhammed Nurul Fazal Bulbul, Mrs Nasrin Islam, Mr. Abdullah-Al-Zahir Swapan, Mr. Md. Shahidullah, Managing Director of EXIM Bank Mr. Kazi Masihur Rahman and local elites were also present in the opening ceremony. With the opening of EXIM Exchange the Bangladeshi expatriates will now be able to send remittances to their family members back home within shortest possible time through online transfer to all the branches of EXIM Bank.EXIM Exchange Company (UK) Ltd is located at the Universal House of Wentworth Street London which is a very convenient location for the Bangladeshi community and business houses. Unlike any other exchange company operating in UK, as EXIM Exchange is completely owned and supervised by EXIM Bank under the approval of Bangladesh Bank and UK regulators, it is expected to be the most reliable and trusted Exchange House for the NRBs. 3. 12. 2 Implementation of the world renowned Core Banking Software (TEMENOS T24)All the branches of EXIM Bank have been using branch based banking software named PcBank2000 developed by Leads Corporation, Bangladesh. In order to replace this software with a centralized Shariah Based Islami Banking software, the bank management has made an agreement woth TEMENOS Switzerland to implement its world renowned Core Banking Software T24. Implementation of this software has been started at the end of the year 2007. A team comprising very skilled employees from both business and IT of the bank has been working day and night for implementing the Software. The team has been given training on the software from Chennai, India.Working very hard with the foreign consultants during the last one and half year, this team has successfully migrated our Motijheel branch and Head Office on 03/05/2009 after completing gap analysis, customization of the software and User Acceptance Test (UAT). The Motijheel branch and Head Office are now running on T24. This centralized software is capable enough to provide all sorts of electronic banking service to the valued customers through various electronic delivery channels. Bashundhara Branch has started to use this software from 17th March, 2010 3. 12. 3 Conversion from Conventional Banking to Shariah Based ISLAMI BankingIt is a great pleasure that by the grace of Almighty Allah, the bank migrated at a time all the branches from its conventional banking operation into Shariah based Islami banking operation without any trouble. Lot of uncertainties and adversities were there into this migration process. The officers and executives of our bank motivated the valued customers by counseling and persuasion in light with the spirit of Islam especially for the non-Muslim customers. Our IT division has done the excellent job of converting and fitting the conventional business processes into the processes based on Shariah.It has been made possible by following a systematic procedure of migration under the leadership of honorable Managing Director. 3. 13 Performance of EXIM Bank Ltd The business of banking consists of borrowing and lending. As in other businesses, operation must be based on capital but banks employ comparatively small of their own capital in relation to the total volume of their transaction. The purpose of capital on reserve accounts is primary to provide an ultimate cover against losses on loans investments. In Bangladesh, there are many types of banks which are formed as commercial banks.But above all, EXIM Bank of Bangladesh limited is a new generation of private commercial bank. The full abbreviation of EXIM Bank Ltd. The bank has got lending personalities business man and reputed industrialist as its sponsors. The bank will be immensely benefited from the valuable advice of the experienced sponsors of the bank. The late chairmen of the bank contribute much for the solid foundation of the bank at the initial stage. Unfortunately his untimely death caused a vacuum leadership of the bank. But within shortest possible time, the sponsors who in a position to select the next Chairman of the Bank.Performance of the EXIM Bank Ltd. During 2008 in all business arenas like deposit, investment and Foreign Exchange exceeded performance of the previous years. The Bank achieved satisfactory progress in all areas. Growth in deposit mobilization is 48. 44%, Investments 34. 73%, Import 54. 74%, and Export Business 39. 55%. 3. 14 Shariah Board The Board of directors has formed a Sharia Supervisory Board for the Bank. Their dut y is to monitor the entire Bank’s transactional procedures, & assuring its Sharia compliancy.This Board consists of the following members headed by its Chairman The tasks of the Sharia supervisor in summary is replying to queries of the Bank’s administration, staff members, shareholders, depositors, & customers, follow up with the Sharia auditors and provide them with guidance, submitting reports & remarks to the Fatwa & Sharia Supervision Board and the administration, participating in the Bank’s training programs, participating in the supervision over the AlIqtisad AlIslami magazine, & handling the duty of being the General Secretary of the Board.Members of Shariah Council: Professor Moulana Mohammad Salah Uddin Mr. Md. Nazrul Islam Mazumder Moulana Mohammad Sadequl Islam Mr. A. K. M Nurul Fazal Bulbul Professor H. M. Shahidul Islam Barakaty Mr. Md. Abdul Mannan Mr. A. S. M. Fakhrul Ahsan Mr. Zubayer Kabir Hafez Moulana Mufti Mohammad Khair Ullah Mr. Abdullah A l-Zahir Sawpan Hafez Quari Moulana Mufti Mohammad Nur Uddin Mr. Kazi Masihur Rahman 3. 14. 1 Shariah Auditing This is the civil supervisory aspect that shapes the Bank’s main feature.Its existence is part of the Sharia Supervision procedures. One of its main tasks is to check the Sharia compliancy in the Bank’s transactional procedures in accordance to the Fatwas issued in that regard, under the guidanceoftheShariaSupervisor. The Sharia auditor is assigned the task of revising the Bank’s transactional procedures throughout the year to check the extent to which the staff members and the different departments have abided by the regulations, advices, and Fatwas issued by the Fatwa & Sharia Supervision Board, forums, & banking conferences.As well as, assuring that all the contracts that states a right for the Bank or an obligation on the Bank is certified by the Fatwa & Sharia Supervision Board. Moreover, the Sharia Auditing submits periodic reports to the Sharia Su pervisor in order to be proposed to the Fatwa & Sharia Supervision Board to state what it finds appropriate in that regard. 3. 14. 2 Banking with shariah principles Export Import Bank of Bangladesh Limited is the 1st bank in Bangladesh that has converted all of its operations of conventional banking into shariah-based banking since July/2004.We offer banking services for Muslims and non-Muslims alike allowing our customers choice and flexibility in their savings and investments. Our products are approved by our Shariah Board comprising of veteran Muslim scholars of our country who are expert in all matters of Islamic finance. The process by which Noriba's investments are designed and executed allows the Bank to offer a combination of Sharia compliance and capital markets expertise that is unique throughout the world.Noriba is committed to the strict adherence to the requirements of the Sharia as a result of the Bank's sole focus on Sharia-compliant investments and the full supervisi on of its financial products and transactions by the Noriba Sharia Board. Noriba experts specifically design each of the Bank's investment vehicles with the approval of the Noriba Sharia Board. Once the given product or transaction has been arranged, the Noriba Sharia Board carefully screens it for compliance before giving final approval for its implementation.This control mechanism guarantees that all aspects of Noriba's final products and banking transactions are in adherence with the guidelines of the Sharia. 3. 15 SWIFT Services The SWIFT Service helped in sending and receiving the messages and instructions related to NOSTRO Account operations and L/C related matters. The banks have brought 11 of branches under SWIFT network. Other branches will come under the network hopefully by the 2005. SWIFT aims to provide a prompt and efficient service to help you gain the most from our products. As a part of this service a documentation set is supplied with each product.This Guide is a p art of that documentation set and contains as comprehensive and as up-to-date a description of the product as possible. 3. 15. 1 SWIFT Network SWIFT or the Society for Worldwide Interbank Financial Telecommunication is a cooperative institution established in 1973 by a group of banks to manage their international telecommunications activities. Now over 2900 member banks, and regularly processes in excess of three million banking messages per day between banks in over 150 countries around the world own SWIFT. 3. 15. 2 SWIFT is the logical choice for most international financial transactionsWith over 5900 connections among the world's major banks, the chance is high that for any given transaction the bank you are dealing with is a SWIFT user. The SWIFT network provides facilities for ensuring that messages are transmitted in standard, internationally accepted formats, simplifying processing and permitting end to end automation of many banking transactions. SWIFT is highly secure, with elaborate mechanisms to ensure that information remains confidential, authentic and intact. With an extremely low unit transaction cost, SWIFT is nearly always the most cost-effective means of transmitting an international message. . 15. 3 SWIFT Messages In addition to its role as network provider, SWIFT is responsible for defining and maintaining standards for international banking telecommunications. Standards are necessary to ensure that banks understand the messages that they send to each other, and to allow them to process messages automatically. A. SWIFT message also comprises: ?Header containing the addresses of sending and receiving banks, the Message Type, Message priority, Delivery Monitoring Field, Obsolescence Period, Banking Priority. ?The usage and contents of SWIFT Message Headers and Trailers are more fully treated in the SWIFT.B. The advantages of SWIFT Message Types are: ?Predictability: Depending on the type of message, the format of the message can be predicted exactly, simplifying automation. ?Diversity: A specific Message Type exists for most banking activities. In order to use SWIFT Message Types and the SWIFT network, however, banks have to employ strict controls on the ways that messages are prepared to ensure that standards are respected and that the control Header and Trailer are complete and accurate. For this reason, most banks employ specialized computer software, such as PC Connect, to perform message preparation and processing. . 16 ATM Network The bank has already floated tender in the national dailies to setup a network of 60 ATMs and 350 POS machines. The job of ATM interfacing with the Core Banking Software is going on. Insha-Allah, by the end of this year, at least 10 ATMs will come under our own ATM network. 3. 17 List of Branches Dhaka Division ASHUGANJ BRANCH Address: Haji Zahirul Haque Munshi Shoping Complex, Ashugonj, Brahmanbaria. Phone: 01713-063433 Email: [email  protected] com Fax: 08528-7456ASHULIA BRANCH Addre ss: Rifat Square Plaza, Jamgora, Ashulia, Dhaka. Phone: 7789978,01755-583690 Email: [email  protected] om Fax: 7789480 BANANI BRANCH Address: Kazi's Haritage Road # 11, House # 49, Block # H, Banani, Dhaka. Phone: 02-8837871-3, 8837874, 01713-040588,01755-584939. Email: [email  protected] com Fax: 02-8837875BASHUNDHARA ROAD BRANCH Address: KA-11/4, Bashundhara Road, Badda, Dhaka-1212. Phone: 02-8415154, 01730-357952 Email: [email  protected] com Fax: 02-8413883 BOARD BAZAR BRANCH Address: Afzal Tower, Board Bazar, National University,Gazipur. Phone: 9293053, 01713-229344. Email: [email  protected] com Fax: 9293054DHANMONDI BRANCH Address: House # 4/A, Plot # 4, Road # 16 (Old-27) Dhanmondi, Dhaka.Email: [email  protected] com ELEPHANT ROAD BRANCH Address: 218, Elephant Road, Bata Signal, Dhaka – 1205. Phone: 02-9667097-8, 01714-021767. Email: [email  protected] com Fax: 880-2-9667267FARIDPUR BRANCH Address: Faridpur Plaza,10, Thana Road, Faridpur. Phone: 0631-6117 0, 61128, 61174. Email: [email  protected] com Fax: 0631-61182 GAZIPUR CHOWRASTA BRANCH Address: Nasir Super Market(1st Floor), Chandana Chowrasta, Gazipur, Dhaka. Phone: 02-9263537, 9263538, 9256492, 01713-145498 Email: [email  protected] com Fax: 880-2-9256493 GULSHAN BRANCH Address: 75, Gulshan Avenue, Gulshan-1, Dhaka.Phone: 02-9862262, 9886296, 8819711, 01711-404821 Email: [email  protected] com Fax: 880-2-8818703 HEAD OFFICE CORPORATE BRANCH Address: Symphony, Plot# SE(F):9, Road# 142, Gulshan Avenue, Dhaka. Phone: 02-8828985, 9884753, 9889567. Email: [email  protected] com Fax: 02-8828962IMAMGONJ BRANCH Address: Haji Abdul Kader Mansion, 139 Chawk Mogoltuliy, Imamgonj, Dhaka Phone: 02-7315527-8, 01730-019954 Email: [email  protected] com Fax: 880-2-7315530 KARWAN BAZAR BRANCH Address: BGMEA Complex (2nd Floor), 23/1 Panthapath Link Road, Karwan Bazar, Dhaka. Phone: 02-8140204-6.Email: [email  protected] com Fax: 02-8140200KERANIGONJ BRANCH Address: Rashed Iron Mar ket, Bond Dakpara, Zinzira Highway Road, Keranigonj, Dhaka. Phone: 02-7763691,02-7763692, 01730-706768. Email: [email  protected] com Fax: 02-7763692 MALIBAGH BRANCH Address: 484, DIT Road, Malibagh, Dhaka – 1217. Phone: 02-9338578, 8319076, 01730-069695 Email: [email  protected] com Fax: 880-2-9357057 MAWNA BRANCH Address: Kitab Ali Plaza, Mawna Chowrasta, Sreepur, Gazipur. Phone: 06825 – 52359, 06825-52831, 06825-52830, 01713-099837, 01713-361833. Email: [email  protected] om Fax: 06825-52359 MIRPUR BRANCH Address: Srayoshe Tower, Plot # 7, Rokeya Swarani, 10 No. Crossing, Mirpur, Dhaka – 1212. Phone: 02-8054226, 8056776, 8033801. Email: [email  protected] com Fax: 880-2-8035668 MOTIJHEEL BRANCH Address: Sharif Mansion, 56-57,Motijheel C/A, Dhaka. Phone: 9568534, 9552800, 9568093, 9554988, 9554988, Dir-9553778 Email: [email  protected] com Fax: 880-2-9569983 NARAYANGONJ BRANCH Address: 50, SM Maleh Road, Sattar Tower, Tanbazar, Narayangonj Phone: 764 0213, 7640214, 01711-439385 Email: [email  protected] com Fax: 7640215NAWABPUR BRANCHAddress: 198/1, Nawabpur Road, Dhaka – 1100 Phone: 7125306, 7125307 Email: [email  protected] com Fax: 880-2-7125308 NARIA BRANCH Address: Janakallan Bipony (1st Floor), Naria Bazar, Shariatpur. Phone: 0601-59135, 0601-59136, 01730-018970, 01730-018971 Email: [email  protected] com Fax: 0601-159124NEW ESKATON BRANCH Address: 27/1, New Eskaton Road, Dhaka. Phone: 02-8314159, 8314435, 9352854 Email: [email  protected] com Fax: 880-2-9349196 PALTAN BRANCH Address: Swadesh Tower, 41/6, Purana Paltan, Box Culvert Road, Dhaka-1000. Phone: 02-9513573, 02-9513574. Email: [email  protected] comFax: 02-9513572PANCHABOTI BRANCH Address: Atlanta Plaza (2nd Floor), Panchaboti, Fatullah, Narayangonj. Phone: 02-7672807,01730-001241 Email: [email  protected] com Fax: 02-7672806 PANTHAPATH BRANCH Address: 19/2, West Panthapath, North Dhanmondi, Dhaka. Phone: 02-8124261, 9145911, 8141764, 9102671(E XP),9101334(IMP), 9101332(INV). Email: [email  protected] com Fax: 880-2-8126191RAJUK AVENUE BRANCH Address: 9, D. I. T Avenue, Ali Bhaban, Motijheel C/A, Dhaka- 1000 Phone: 02-9556884, 9565397, 9567115, 01713-164698 Email: [email  protected] com Fax: 880-2-9555132 SAT MASJID ROAD BRANCHAddress: 47, Satmasjid Road, Dhanmondi, Dhaka – 1209. Phone: 02-8118680, 9142073, 8141249, 01730-061460. Email: [email  protected] com Fax: 880-2-8142232SAVAR BRANCH Address: B-71, Rana Tower,Bazar Road, Savar, Dhaka. Phone: 7742883, 01755-575408. Email: [email  protected] com Fax: 7742882 SHIMRAIL BRANCH Address: Haji Ahasanullah Super Market, Chittagnong RD, Siddirgonj, Narayangonj. Phone: 7694672-3 (EXT. 101), 01714-038149, 01819-253283. Email: [email  protected] com Fax: 7694268SONARGAON BRANCH Address: Zohra Mansion, Mograpara, Sonargaon, Narayangonj. Phone: 0672-356103, 0672-356205, 01755-584938Email: [email  protected] com Fax: 0672-356155 UTTARA BRANCH Address: House # 61/A , Road # 7, Sector # 4, Uttara Model Town, Dhaka. Phone: 02-8919785. 8952847,01714-041406 Email: [email  protected] com Fax: 880-2-8952838 Chittagong Division AGRABAD BRANCH Address: Mawla Chember, 6 Agrabad C/A, Chittagong. Phone:031-727657,727658,2510733, 2511264,01711-898224 Email: [email  protected] com Fax: 031-715796BAHADDARHAT BRANCH Address: Khaza Super Market, 680/A, Arakan Road, Bahoddarhat, Chittagong. Phone:031-2555056,031-2555058, 01730031489. Email: [email  protected] com Fax: 031-2555057BASURHAT BRANCH Address: Jharna Shopping Complex, Basurhat Bazar, Companygonj, Noakhali. Phone: 03223-56060, 03223-56073, 01755-594105, 01755-594112. Email: [email  protected] com Fax: 03223-56575CDA AVENUE BRANCH Address: Commerce View Complex,191, East Nasirabad, Chittagong. Phone: 031-652074, 657609, 01713396538 (G. B. Dept), 01730452371 (FEX Dept). Email: [email  protected] com Fax: 031-653026. CHHAGALNAIYA BRANCH Address: H. S Plaza, Matin Road, Chhagalnaiya, Feni. Phone : 03322-78018, 01713-193388. Email: [email  protected] com Fax: 03322-78188. CHOWMUHANI BRANCHAddress: 60/231, D. B. Road, Chowmuhani,Begumgonj, Noakhali. Phone: 0321 – 52700, 51034, 01714-084311. Email: [email  protected] com Fax: 0321 – 51034. COMILLA BRANCH Address: Goni Bhuiyan Mansion, A. K Fazlul Haque Road, Monoharpur, Comilla. Phone: 081 – 61850,01713-396537, 01973-229330 Email: [email  protected] com Fax: 081-61722FENI BRANCH Address: Chistiya Trade Center, 308-310, S. S. K. Road, Feni . Phone: 0331-74060-1, 01730-001242. Email: [email  protected] com Fax: 0331-74062 KHATUNGONJ BRANCH Address: Union Square Building, 1078, Ramjoy Mahajan Lane, Khatungonj, Chittagong.Phone: 031-615544, 610711,2851291, 01711-898223, 01713-229384 Email: [email  protected] com Fax: 031-639080LAKSHAM BRANCH Address: Sufia Complex, Doulotgonj Bazar, Laksham, Comilla. Phone: 08032 – 51333, 01711-726302 Email: [email  protected] com Fax: 08032-51252 MODAFFARGO NJ BRANCH Address: Alam Highway Supermarket (1st Floor), Modafforgonj, Laksham, Comilla. Phone: 01730-061455, 01730-061456 Email: [email  protected] com PAHARTOLI BRANCH Address: Noor Jahan Tower, Alanker More, Pahartoli, Chittagong. Phone: 031-2771695, 2771696, 01714-166966 Email: [email  protected] com Fax: 031-750065SHITAKUNDA BRANCH Address: KDS Logistics Building, Sonaichhori, Sitakunda, Chittagong. Phone: 03042-51093, 01713-229338. Email: [email  protected] com Fax: 031-2528900 SONAIMURI BRANCH Address: Mohammadia Super Market, Sonaimuri Bazar, Sonaimuri, Noakhali. Phone: 03227-51057, 03227-51058, 01711-750610, 01711-885754 Email: [email  protected] com Fax: 03227-5105 THAKUR BAZAR KRISHI / SME BRANCH Address: Toffazal Hossain Chowdhury Market, Thakur Bazar, Shahrasti, Chandpur. Phone: 08427-56873, 08427-56878, 01730-373897. Email: [email  protected] com Fax: 08427-56874 Rajshahi DivisionBOGRA BRANCH Address: Sheikh Mansion, Baragola, Bogra Phone: 051-60702, 60703, 6 0705 Email: [email  protected] com Fax: 880-51-60704 RAJSHAHI BRANCH Address: Mollah Super Market, Zero Point, Shaheb Bazar, Rajshahi. Phone: 0721-772004,772005 ,01730-097272. Email: [email  protected] com Fax: 0721-772004 Syhlet Division BEANIBAZAR BRANCH Address: Zaman Plaza(1st Floor), Beanibazar, Sylhet. Phone: 08223-56108,08223-56109, 01730-019951, 01730-452002 Email: [email  protected] com Fax: 08223-56110 BISWANATH BRANCH Address: Al Madina Complex, Puran Bazar, Jagannathpur Road, Biswanath, Sylhet.Phone: 08224-56219,08224-56218,01730-735340 Email: [email  protected] com Fax: 08224-56217 FENCHUGONJ BRANCH Address: Samad Plaza, Fenchugonj Bazar, Sylhet. Phone: 08226-56290 ,08226-56163. Email: [email  protected] com Fax: 08226-56162 GOALABAZAR BRANCH Address: Abdul Karim Mansion, South Goalabazar, Osmaninagar, Sylhet. Phone: 08242-56255, 08242-56256,01730-735341 Email: [email  protected] com Fax: 08242-56254 GOLAPGONJ BRANCH Address: Noor Mansion, Golapgonj, Sylhet. Phone: 08227-56461, 08227-56462, 01730-097268 Email: [email  protected] com Fax: 08227-56463MOULVI BAZAR BRANCHAddress: Al-Aksha Shopping Centre,Kusumbag Area, Moulvibazar. Phone: 0861-63007,63008, 01714-167459 Email: [email  protected] com Fax: 0861-63009 NOBIGONJ BRANCH Address: Bangla Tower, Sherpur Road, Nobigonj, Hobigonj. Phone: 08328-56526,01730-001240 Email: [email  protected] com Fax: 08328-56528SYLHET BRANCH Address: Al-Hamra Shopping City, Zinda Bazar, Sylhet. Phone: 0821-724413, 0821-2831208, 01714-001964 Email: [email  protected] com Fax: 880-821-725070 Khulna Division KHULNA BRANCH Address: A. Hossain Plaza 4, Sir Iqbal Road, Khulna. Phone: 041-2831470-2, 01730-018183Email: [email  protected] com Fax: 041-2831473JESSORE BRANCH Address: 37, M. K. Road, Jessore. Phone: 0421 – 67980-2, 01713-400273. Email: [email  protected] com Fax: 0421-67983 KUSHTIA BRANCH Address: Rajob Ali Market, 152, N. S. Road, Kushtia. Phone: 071-71625, 73866, 71526. Email: [e mail  protected] com Fax: 071-61158BARISAL BRANCH Address: 105, Nasim Biswash Lane, Sadar Road, Barisal. Phone: 0431-2177080,2177081,01714-178882. Email: [email  protected] com Fax: 0431-63767 DINAJPUR BRANCH Address: Northern Plaza, Goneshtola, Dinajpur. Phone: +880-531-61880, Email: [email  protected] comFax: +880-531-61770. RANGPUR BRANCH Address: 268, Shah Amanat Shopping Complex, Jahaj Company More, Station Road, Rangpur. Phone: 0521 -61214, 0521- 61215 Email: [email  protected] com Fax: 0521 -61214 Chapter 04 Theoretical Aspect of Credit Management and Credit Policy 4. 1 Definition of Credit Policy Policy entails projected course of action. EXIM Bank has its own policy granting credit although credit is always a matter of judgment applying common sense in the light of one’s experience. A sound credit policy includes among other things safety of funds invested vis-a-vis profitability of the bank.Encouraging maximum number of small loans is better than concentrati on in a particular type of advances, which ensures sufficient liquidity with least incidence of bad debts. It has to be borne in mind that a good loan allowed to a properly selected borrower is half collected. In order to make a good loan there should have a good loan policy. 4. 1. 2Purposes of Credit Policy There are some objectives behind a written credit policy of Uttara Bank that are as follows: ? To provide a guideline for giving loan. ?Prompt response to the customer need. ?Shorten the procedure of giving loan. Reduce the volume of work from top level management. ?Delegation of authority of work from top level of management. ?To check and balance the operational activities 4. 1. 3 Formulation of a Credit Policy One of questions that should arise in a discussion of credit is who should formulate the policy. Although the ultimate responsibilities lay at the highest level in the organization i. e. the board of directors. Yet the actual drafting shall have to be done by the senior lending office in consultations with the chief executive officer and with contribution from senior officers, associates and subordinates.Obviously the level of origin will vary with the size and structure of the organization. The matter then referred to the board for approval after careful examination consideration and discussion. 4. 1. 4 Essential Components of a Sound Credit Policy There can be some variations based on the needs of a particular organization, but at least the following areas should be covered in any comprehensive statement of credit policy and EXIM Bank’s policy also covers these areas: 1.Legal consideration: The bank’s legal lending limit and other constraints should be set forth to avoid inadvertent violation of banking regulations. 2. Delegation of authority: Each individual authorized to extend credit should know precisely how much and under what conditions he or she may commit the bank’s funds. These authorities should be approved, at lea st annually, by written resolution of the board of directors and kept current at all times. 3. Types of credit extension: One of the most substances parts of a loan is a delineation of which types of loans are acceptable and which type are not. . Pricing: In any profit motivated endeavor, the price to be charged for the goods or services rendered is of paramount without it, individuals have few guidelines for quoting retag or fees, and the variations resulting from human nature will be a source of customer dissatisfaction. 5. Market Area: Each bank should establish its proper market area, based upon, among other things, the size and sophistication of its organization its capital standpoint, defining one’s market area is probably more important in the lending function than in any other aspect of banking. 6.Loan Standard: This is a definition of the types of credit to be expended, wherein the qualitative standards for acceptable loans are set forth. 7. Credit Granting procedure s: This subject may be covered in separate manual, and usually is in larger banks. At any rate, it should not be overlooked because proper procedures are essential in loan establishing policy and standards. Without proper procedure for granting credit and constant policing to ensure that these procedures are meticulous carried out, the best conceived loan policy will not function and inevitable, problems will develop. 4. 1. 5 Lending GuidelinesAs the bank has a rate of non-performing loans. Banks risk taking applied should be contained and our focus should be to maintain a credit portfolio keeping in mind of bank’s capital adequacy and recovery strength. Thus bank’s strategy will be invigorating loan processing steps including identifying , measuring , containing risks as well as maintaining a balance portfolio through minimizing loan concentration , encouraging loan diversification , expanding product range , streamlining security , insurance etc. as buffer again unex pected cash flow . 4. 1. 6 Focus on Industry and Business SegmentIndustry segment focuses on Textile, Pharmaceuticals, Agro-based, Food and allied, Telecommunication, Power generation and distribution, Health care, Entertainment Services, Chemicals, Transport, Infrastructure development, Linkage industry, Information technology, Ceramics, Others as decided from tome to time. And business segment focuses on Distribution, Brick field, Rice mill/ flour mill/ oil mill, Work order, Yarn trading, Cloth merchant, Industrial spares, Hardware, Electronic and electrical goods, Construction materials, Fish trading, Grocery, Wholesale/ retail, Others as dedicated from time to time . 1. 7 Types of Credit Facilities: Bank will go for ?Term financing for new project had BMRE of existing projects (large, medium, SME). ?Working capital for industries, trading services and others (large, medium, SME). ?Trade finance for import and export ?Lease finance ?Small loan for traders, micro enterprise and ot her productive small venture. ?Consumer finance ?Fee business 4. 2 Credit Management As EXIM bank is providing credit facility out of its total available funds, it has to manage these credits very efficiently.An efficient credit management system comprises many things and this cover the pre-sanction activities to post-sanction activities. Credit management is important as it helps the banks and financial institutions to understand various dimensions of risk involved in different credit transactions. At the pre-sanction stage, credit management helps the sanctioning authority to decide whether to lend or not to lend, what should be the loan price, what should be the extent of exposure, what should be the appropriate credit facility, what are the various facilities, what are the various risk mitigation tools to put a cap on the risk level.At the post-sanctioning stage, the bank can decide about the depth of the review of renewal, frequency of review, periodicity of the grading, and ot her precautions to be taken. Having considered the significance of credit risk, it becomes imperative for the banking system to carefully develop credit management. For this reason, the bank is maintaining a division which is well-known as credit division. 4. 2. 1 Process of Credit ManagementCredit Management Policy for any commercial bank must have been prepared in accordance with the Policy Guidelines of Bangladesh Bank’s Focus Group on Credit and Risk Management with some changes to meet particular bank’s internal needs. Credit management must be organized in such a process that the bank can minimize its losses for payment of expected dividend to the shareholders. The purpose of this process is to provide directional guidelines that will improve the risk management culture, establish minimum standards for segregation of duties and responsibilities, and assist in the ongoing improvement of concerned bank.The guidelines for credit management may be organized into the following sections: 4. 2. 2Policy guidelines a. Lending guidelines b. Credit assessment and risk grading c. Approval authority d. Segregation of duties e. Internal control and compliance 4. 2. 3 Program guidelines a. Approval process b. Credit administration c. Credit monitoring d. Credit recovery Now the guidelines are discussed in the following: 4. 2. 4 Policy guidelines a. Lending guidelines: The lending guidelines include the following: ? Industry and Business Segment Focus Types of loan facilities ? Single borrowers/ group limits/ syndication ? Lending caps ? Discouraged business types As a minimum, the followings are discouraged: oMilitary equipment/ weapons finance oHighly leveraged transactions oFinance of speculative investments oLogging, mineral extraction/ mining, or other activity that is ethically or environmentally sensitive oLending to companies listed on CIB black list or known oCounter parties in countries subject to UN sanctions oLending to holding companies. b. Cr edit Assessment and Risk Grading:A thorough credit and risk assessment should be conducted prior to the granting of loans, and at least annually thereafter for all facilities. Credit Applications should summaries the results of the risk assessment and include, as a minimum, the following details: ? Environment or social risk inputs ?Amount and type of loan (s) proposed ?Purpose of loans ?Loan structure ( tenor, covenants, repayment schedule, interest) ? Security arrangement ?Any other risk or issue ?Risk triggers and action plan-condition prudent, etc.Risk is graded as per Lending Risk Analysis (LRA), Bangladesh Bank’s Guidelines of classification of loans and advances. c. Approval Authority: Approval authority may be as the following: ? Credit approval authority has been delegated to Branch Manager, Credit Committee by the MD/ Board ? Delegated approval authorities shall be reviewed annually by MD/ Board. MD/ Board: ?Approvals must be evidenced in writing. Approval records m ust be kept on file with credit application ? The aggregate exposure to any borrower or borrowing group must be used to determine the approval authority required. Any credit proposal that does not comply with Lending Guidelines, regardless of amount, should be referred to Head Office for approval. d. Segregation of Duties: Banks should aim at segregating the following lending function: ? Credit approval/ risk management ?Relationship management/ marketing ?Credit administration e. Internal Control and Compliance: Banks must have a segregated internal audit/ control department charged with conducting audits of all branches. 4. 2. 5 Program guidelines a. Approval process: The following diagram illustrates an example of the approval process: b. b.Cre