tag:blogger.com,1999:blog-37810643396327122892024-03-19T01:48:44.167-07:00Banking System & Bank ManagementIn this blog bankers, researchers, teachers, students, and inquisitive people can find helpful and momentous topics on banking system & bank management.Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.comBlogger116125tag:blogger.com,1999:blog-3781064339632712289.post-62334087208813772062020-06-27T01:47:00.001-07:002023-01-22T21:55:16.004-08:00Money Laundering. <p dir="ltr" id="docs-internal-guid-7d69a77a-7fff-de7d-e607-fe958303e108">BACH, Step in Money Laundering, Core Capital/Tier 1 capital, Bond, Call option, A financial intermediary, Investment companies, Stress testing, Risk-weighted asset, Risk Premium, National Payment Switch Bangladesh (NPSB), Core Risk, Why Prevention of Money Laundering is necessary, Portfolio management, Loan classification, Loan provision, Bank Rate, Repo, Reverse Repo, CAMELS, Type of Loan</p><p dir="ltr" id="docs-internal-guid-7d69a77a-7fff-de7d-e607-fe958303e108"><br></p><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b"><b>Bangladesh Automated Clearing House: </b>Bangladesh Automated Clearing House (BACH): BACH, the first ever electronic clearing house of Bangladesh, has two components - the Automated Cheque Processing System (ACPS) and the Electronic Funds Transfer (EFT). Both the systems operate in batch processing mode- transactions received from the banks during the day are processed at a pre-fixed time and settled through a single multilateral netting figure on each individual bank's respective books maintained with the Bangladesh Bank. A state-of-the-art Data Center (DC) and a Disaster Recovery Site (DRS) have been established comprising of most modern software and hardware for dealing with the operations of BACH. A Virtual Private Network (VPN) has been created between the participating commercial banks and Data Center (DC) & Disaster Recovery Site (DRS) for communicating necessary information related to BACH. Digital Certificate has been formulated for the first time in Bangladesh for secured data communication.</p><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b"><br></p><p dir="ltr" id="docs-internal-guid-84d39585-7fff-9087-82e2-001984d3d943"><b>Step in Money Laundering: </b>Placement (money laundering, currency exchange, Securities brokerage, fund mixture, land purchage), Layering and Integration (property dealing, fake import or export).</p><p dir="ltr"><b>Core Capital/Tier 1 capital: </b>Core capital is the minimum amount of capital. </p><p dir="ltr">Core Capital (Tier 1 Capital):</p><p dir="ltr">01) Paid up capital / capital deposited with BB</p><p dir="ltr">02) Share premium,03) Statutory reserve</p><p dir="ltr">04) General reserve,05) Retained earning</p><p dir="ltr">06) Minority Interest in subsidiaries</p><p dir="ltr">07) Non-Cumulative irredeemable preference shares</p><p dir="ltr">08) Dividend equalization account.</p><p dir="ltr"><br></p><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b"><b>Call option: </b></p><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b">A call option is an agreement that gives an investor the right, but not the obligation, to buy a stock, bond, commodity or other instrument at a specified price within a specific time period.<br></p><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b"><br></p><p dir="ltr" id="docs-internal-guid-11d999b3-7fff-0844-122a-8e3e919ff1f6"><b>Bond: </b></p><p dir="ltr" id="docs-internal-guid-11d999b3-7fff-0844-122a-8e3e919ff1f6">A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. Bonds are used by companies, municipalities, states and sovereign governments to raise money and finance a variety of projects and activities. Owners of bonds are debtholders, or creditors, of the issuer.</p><p dir="ltr" id="docs-internal-guid-11d999b3-7fff-0844-122a-8e3e919ff1f6"><br></p><p dir="ltr"><b>Characteristics of Bonds</b></p><ul><li dir="ltr"><p dir="ltr" role="presentation">Most bonds share some common basic characteristics including:</p></li><li dir="ltr"><p dir="ltr" role="presentation">Face value is the money amount the bond will be worth at its maturity, and is also the reference amount the bond issuer uses when calculating interest payments.</p></li><li dir="ltr"><p dir="ltr" role="presentation">Coupon rate is the rate of interest the bond issuer will pay on the face value of the bond, expressed as a percentage.</p></li><li dir="ltr"><p dir="ltr" role="presentation">Coupon dates are the dates on which the bond issuer will make interest payments. Typical intervals are annual or semi-annual coupon paymets.</p></li><li dir="ltr"><p dir="ltr" role="presentation">Maturity date is the date on which the bond will mature and the bond issuer will pay the bond holder the face value of the bond.</p></li></ul><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b">Issue price is the price at which the bond issuer originally sells the bonds.<br></p><p dir="ltr" id="docs-internal-guid-37211f50-7fff-5fdc-ad76-21398bf3423b"><br></p><p dir="ltr" id="docs-internal-guid-9547a22b-7fff-a8b2-5495-1b841ce1ce8b">A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction, such as a commercial bank, investment banks, mutual funds and pension funds. Financial intermediaries offer a number of benefits to the average consumer, including safety, liquidity, and economies of scale involved in commercial banking, investment banking and asset management. Although in certain areas, such as investing, advances in technology threaten to eliminate the financial intermediary, disintermediation is much less of a threat in other areas of finance, including banking and insurance.</p><p dir="ltr">Investment companies are business entities, both privately and publicly owned, that manage, sell, and market funds to the public. They typically offer investors a variety of funds and investment services, which include portfolio management, recordkeeping, custodial, legal, accounting and tax management services.</p><p dir="ltr"><br></p><p dir="ltr"><b>Core Risk:</b></p><p dir="ltr">01) Credit Risk</p><p dir="ltr">02) Foreign Exchange Risk</p><p dir="ltr">03) Asset – Liability management risk</p><p dir="ltr">04) Money laundering prevention risk</p><p dir="ltr">05) Internal control and compliance risk</p><p dir="ltr">06) Information and Communication Technology risk.</p><p dir="ltr"><br></p><p dir="ltr" id="docs-internal-guid-b7e804dc-7fff-6fdb-617b-dfc742f9d97b"><b>Stress Testing: </b></p><p dir="ltr" id="docs-internal-guid-b7e804dc-7fff-6fdb-617b-dfc742f9d97b">A bank stress test is an analysis conducted under unfavorable economic scenarios designed to determine whether a bank has enough capital to withstand the impact of adverse developments. Banks with $50 billion in assets are required to do internal stress tests by their own risk management team and also stress tests from the Federal Reserve.Stress tests focus on a few key risks, such as credit risk, market risk and liquidity risk, to banks' financial health in crisis situations. Hypothetical crises are determined using various factors from the Federal Reserve and International Monetary Fund (IMF). Bank stress tests were put in place and became more widespread after the 2007-2009 global financial crisis, the worst since the Great Depression. This crisis left many banks and financial institutions severely undercapitalized, which the stress tests aim to prevent.</p><p dir="ltr" id="docs-internal-guid-b7e804dc-7fff-6fdb-617b-dfc742f9d97b"><br></p><p dir="ltr" id="docs-internal-guid-bed9d35f-7fff-3a21-80ac-9f687dddf55c">Risk-weighted asset Risk-weighted assets are used to determine the minimum amount of capital that must be held by banks and other institutions to reduce the risk of insolvency. The capital requirement is based on a risk assessment for each type of bank asset. For example, a loan that is secured by a letter of credit is considered to be riskier and requires more capital than a mortgage loan that is secured with collateral.</p><p dir="ltr">A risk premium is the return in excess of the risk-free rate of return an investment is expected to yield; an asset's risk premium is a form of compensation for investors who tolerate the extra risk, compared to that of a risk-free asset, in a given investment. For example, high-quality corporate bonds issued by established corporations earning large profits have very little risk of default. Therefore, such bonds pay a lower interest rate, or yield, than bonds issued by less-established companies with uncertain profitability and relatively higher default risk.</p><p dir="ltr"><br></p><p dir="ltr" id="docs-internal-guid-919337a3-7fff-e484-9894-6e4c35a370fd"><b>National Payment Switch Bangladesh (NPSB) </b>is an electronic platform, started its operation on 27 December 2012. The core objective behind implementation of NPSB is to attain interoperability in retail banking transactions originating from different electronic delivery channels e.g. Automated Teller Machines (ATM), Point of Sales (POS), internet, mobile applications etc. Moreover, the switch is also a stimulus to boost up cashless and electronic payments all over the country.At present, 51 banks are in operation for interbank ATM transactions among which 46 banks are also in operation for interbank POS transactions through NPSB. The following types of ATM and POS transactions are presently live through NPSB:</p><ul><li dir="ltr"><p dir="ltr" role="presentation">ATM channel is accommodating Balance Inquiry, Mini Statement, Cash Withdrawal transactions.</p></li><li dir="ltr"><p dir="ltr" role="presentation">POS is accommodating Retail Purchase transaction.</p></li></ul><p dir="ltr">Bangladesh Bank is also looking forward to gradually accommodating the transaction scopes mentioned below under NPSB that depends on the readiness of commercial banks:</p><ul><li dir="ltr"><p dir="ltr" role="presentation">Over the counter (OTC through POS) Standing Order </p></li><li dir="ltr"><p dir="ltr" role="presentation">ATM: Interbank Fund Transfer, Bill Payment, Interbank Cash Deposit </p></li><li dir="ltr"><p dir="ltr" role="presentation">POS: Interbank Cash Withdrawal, Bill Payment </p></li><li dir="ltr"><p dir="ltr" role="presentation">Kiosk: Interbank Fund Transfer, Mini Statement, Balance Enquiry, Bill Payment </p></li><li dir="ltr"><p dir="ltr" role="presentation">m-Commerce (App based Mobile Banking) : Interbank Fund Transfer, Bill Payment, Retail Purchase </p></li><li dir="ltr"><p dir="ltr" role="presentation">e-Commerce: Bill Payment, Retail Purchase.</p></li></ul><div><br></div><div><p dir="ltr" id="docs-internal-guid-dd1cea62-7fff-113f-3a27-efa6b8ec2cde"><b>Why Prevention of Money Laundering is necessary?</b></p><p dir="ltr">Money laundering allows terrorists and criminals to undertake various activities like:</p><ol><li dir="ltr"><p dir="ltr" role="presentation">Drug trafficking</p></li><li dir="ltr"><p dir="ltr" role="presentation">Financing terrorist activities</p></li><li dir="ltr"><p dir="ltr" role="presentation">Evasion of exchange regulations</p></li><li dir="ltr"><p dir="ltr" role="presentation">Evasion of taxation rules</p></li><li dir="ltr"><p dir="ltr" role="presentation">Making blackmail payments</p></li><li dir="ltr"><p dir="ltr" role="presentation">Paying ransom for kidnapping.</p></li><li dir="ltr"><p dir="ltr" role="presentation">Dealing of arms and ammunitions</p></li></ol><p dir="ltr">Portfolio management is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk against performance. Portfolio management is all about determining strengths, weaknesses, opportunities and threats in the choice of debt vs. equity, domestic vs. international, growth vs. safety, and many other trade-offs encountered in the attempt to maximize return at a given appetite for risk.</p><p dir="ltr"><br></p><p dir="ltr"><b>Loan Classification:</b></p><p dir="ltr">5 categories</p><ol><li dir="ltr"><p dir="ltr" role="presentation">standard – due for less than 2 months</p></li><li dir="ltr"><p dir="ltr" role="presentation">SMA: Above 2 month</p></li><li dir="ltr"><p dir="ltr" role="presentation">Substandard – due for 3 months or more but less than 6 month</p></li><li dir="ltr"><p dir="ltr" role="presentation">Doubtful – due for 6 months or more but less than 9 month</p></li><li dir="ltr"><p dir="ltr" role="presentation">Bad and Loss – due for more than 9 month</p></li></ol><p dir="ltr">Loan Provision: It is of two types General & Specific. Now general provision is 1% (with some variation like for SME 0.25&) and Specific provision is now as follows:</p><p dir="ltr">For Sub Standard = 20%</p><p dir="ltr">For Doubtful = 50% & </p><p dir="ltr">For Bad/Loss = 100%</p><p dir="ltr"><br></p><p dir="ltr" id="docs-internal-guid-acf1dd32-7fff-b7f2-ee2e-3b1adb1fca88">Repo (Repurchase) rate is the rate at which the central bank lends shot-term money to the banks against securities. When the repo rate increases borrowing from Central Bank becomes more expensive. Therefore, we can say that in case, BB wants to make it more expensive for the banks to borrow money, it increases the repo rate; similarly, if it wants to make it cheaper for banks to borrow money, it reduces the repo rate.</p><p dir="ltr">Reverse Repo rate is the rate at which banks park their short-term excess liquidity with the BB. The banks use this tool when they feel that they are stuck with excess funds and are not able to invest anywhere for reasonable returns. An increase in the reverse repo rate means that the BB is ready to borrow money from the banks at a higher rate of interest. As a result, banks would prefer to keep more and more surplus funds with RBI.</p><p dir="ltr"><br></p><p dir="ltr"><b>Repo vs Reverse Repo:</b> </p><p dir="ltr">we can conclude that Repo Rate signifies the rate at which liquidity is injected in the banking system by RBI, whereas Reverse repo rate signifies the rate at which the central bank absorbs liquidity from the banks</p><p dir="ltr">Loan generally of 4 types</p><ol><li dir="ltr"><p dir="ltr" role="presentation">Continuous Loan like Cash credit, overdraft</p></li><li dir="ltr"><p dir="ltr" role="presentation">Demand Loan</p></li><li dir="ltr"><p dir="ltr" role="presentation">Fixed Term Loan</p></li></ol><p dir="ltr">Short term Agriculture & Micro Credit.</p><p dir="ltr"><br></p><p dir="ltr" id="docs-internal-guid-364ebef7-7fff-fe01-7a2c-65f0327dc24d"><b>Bank Rate: </b></p><p dir="ltr" id="docs-internal-guid-364ebef7-7fff-fe01-7a2c-65f0327dc24d">This is the rate at which central bank lends money to other banks or financial institutions. If the bank rate goes up, long-term interest rates also tend to move up, and vice-versa. Thus, it can said that in case bank rate is hiked, in all likelihood banks will hikes their own lending rates to ensure that they continue to make profit</p><p dir="ltr" id="docs-internal-guid-364ebef7-7fff-fe01-7a2c-65f0327dc24d"><br></p><p dir="ltr" id="docs-internal-guid-364ebef7-7fff-fe01-7a2c-65f0327dc24d"><br></p><p dir="ltr"><b>CAMELS Rating: </b>Bangladesh Bank analyses Capital, Asset, Management, Earning, Liquidity and Sensitivity to Market Risk and does CAMELS rating and accordingly rank the Bank under </p><p dir="ltr">1) Strong </p><p dir="ltr">2) Satisfactory</p><p dir="ltr">3) Fair</p><p dir="ltr">4) Marginal & </p><p dir="ltr">5) Unsatisfactory. </p><p dir="ltr">BB sends this report to respective Bank and the Bank will present it in the Board Meeting and the Board will provide the guideline based on this report. If there is bad position in any single indicator or point is below 3 in total rating then BB will give EWS (Early Warning System) and try to develop the condition. If the rating is Marginal or Unsatisfactory or there is no development in EWS then BB declares the Bank a Problem Bank. If the Bank is a Problem Bank then BB imposes some injection with dense supervision. Now BB does it twice in a year.</p></div>Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com53tag:blogger.com,1999:blog-3781064339632712289.post-40214502247799991112018-07-15T07:20:00.001-07:002018-07-15T07:27:03.737-07:00Provisioning- The Weapon Of The Financial Institutions. <p dir="ltr">There is a direct correlation of profit loss in business with provision of preservation. The financial statement of the business is prepared every year at a particular time. On the date on which the accounting statement is prepared, some issues remain uncertain. There may be some costs that will need to be paid in the near future, but the time or quantity of payment is not guaranteed right now. For example, a profit bonus will be given to <u>the</u> employees of a portion of net profits of the year 31 December 2017. It will be 5% of the net profit or 7% will be fixed later. In this case, profit bonus protection is preserved. Provisioning means that the expenditure will be made in the future, showing the amount of profit (right) shown in the cost of this year, so that the future cost should not be reduced to the extent of profit.</p>
<p dir="ltr">Provisioning is a program of modern accounting where some part of the profit is removed so that any liability that will be spent on future money or resources is paid. The institution can not figure out the exact amount or the exact duration of the future or the amount of time spent on it, but the institution will be fair about the cost.</p>
<p dir="ltr">For example, provision is made for income tax. The institution knows that after a few days income tax is to be given, it is not yet certain how much to pay, as the tax or tax sector may change. Banks have made provisions based on loan classification. The institution knows that it can not be possible to recover some debts, but it is not possible to ensure that the amount of debt will be unrealized. Since the bank will face losses in the future if the debt is not inadequate, it is showing low interest rates this year by showing that the loans will be unpredictable so that in the future the profits will not be reduced very much. The customer's compensation case against the organization is ongoing. With the possibility of losing the organization in the case, the provision will be preserved by showing this as the cost of financing this year so that the profits of the business will not suddenly get reduced in the future when paying the customer.</p>
<p dir="ltr">If the provision of this year is more than last year's provisional provision, the cost of this year will increase (profit will decrease). Likewise, if the provision of this year is less than last year's provisional provision, the cost of this year will be reduced or the profit will increase. Therefore, it is possible to make profit smoothing more than the amount of probation. In 1998, the International Accounting Standards Organization (IAB) published the calculation standard for provisioning which has been followed by most of the world including Bangladesh since 1999.</p>
<p dir="ltr">In accordance with international accounting standards, three conditions must be met for preservation. 1st Condition: There is no liability for any of the events in the past. Behavioral liability will mean liability which is not legally bound to be done by the institution, but it is practiced according to the rules of the long run, such as profit bonus payment. Provision can not be saved for any work that will happen in the future. For example, a buyer will be selling the goods in the balance, which he can not pay; Provision can not be saved in this case. 2nd condition: It is fairly sure that the event will cost some of the organization. If the customer is sued against the organization, then the provision can not be saved until the matter is fully confirmed that the institution will lose the case. 3rd condition: In any event, the cost of the organization can be easily estimated.</p>
<p dir="ltr">Provision can not be saved in some cases below-</p>
<p dir="ltr">1. The provision of this year will not be preserved for the loss of the organization in the next year. As the incident happens in the future, the 1st condition has been violated.</p>
<p dir="ltr">2. The machinery will be repaired for the next year so that the provision can not be saved this year. Because the company is not legally obliged to repair the machine (1st condition).</p>
<p dir="ltr">3. The government has sued the organization to harm the environment. The provision can not be preserved because of not having the right hold on how much compensation can be made. (Anwar Parvez, ACCA)</p>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com46tag:blogger.com,1999:blog-3781064339632712289.post-15850593282210977152018-07-14T12:07:00.001-07:002018-07-14T12:17:04.979-07:00Asset Liability Management<p dir="ltr"><b><u>Definition</u></b><b> of ALM (Asset Liability management ) and </b><b>ALCO</b><b> (Asset Liability Committee). </b></p>
<p dir="ltr"><b>ALM</b>: </p>
<p dir="ltr">Asset Liability Management (ALM) can be defined as a mechanism to address the risk faced by a bank due to a mismatch between assets and liabilities either due to liquidity or changes in interest rates. Liquidity is an institution’s ability to meet its liabilities either by borrowing or converting assets. Apart from liquidity, a bank may also have a mismatch due to changes in interest rates as banks typically tend to borrow short term (fixed or floating) and lend long term (fixed or floating).</p>
<p dir="ltr">A comprehensive ALM policy framework focuses on bank profitability and long term viability by targeting the net interest margin (NIM) ratio and Net Economic Value (NEV), subject to balance sheet constraints. Significant among these constraints are maintaining credit quality, meeting liquidity needs and obtaining sufficient capital.</p>
<p dir="ltr"><b>ALCO</b>: </p>
<p dir="ltr">Asset Liability Management (ALM) is an integral part of Bank Management; and so, it is essential to have a structured and systematic process for manage the Balance Sheet. Committee comprising of the senior management of the bank to make important decisions related to the Balance Sheet of the Bank (asset-Liability). The committee typically called the Asset Liability Committee (ALCO).</p>
<p dir="ltr">As per central bank guideline, the committee consists of the following key personnel of a bank:</p>
<p dir="ltr">- Chief Executive Officer / Managing Director</p>
<p dir="ltr">- Head of Treasury / Central Accounts Department</p>
<p dir="ltr">- Head of Finance</p>
<p dir="ltr">- Head of Corporate Banking</p>
<p dir="ltr">- Head of Consumer Banking</p>
<p dir="ltr">- Head of Credit</p>
<p dir="ltr">- Chief Operating Officer / Head of Operations</p>
<p dir="ltr">The committee calls for a meeting once every month to set and review strategies.</p>
<p dir="ltr"><b>The key roles and responsibilities of the </b><b>ALM</b><b> Desk.</b></p>
<p dir="ltr">1) To assume overall responsibilities of Money Market activities.</p>
<p dir="ltr">2) To manage liquidity and interest rate risk of the bank.</p>
<p dir="ltr">3) To comply with the local central bank regulations in respect of bank’s statutory obligations as well as thorough understanding of the risk elements involved with the business.</p>
<p dir="ltr">4) Understanding of the market dynamics i.e competition, potential target markets etc.</p>
<p dir="ltr">5) Provide inputs to the Treasurer regarding market views and update the balance sheet movement.</p>
<p dir="ltr">6) Deal within the dealer’s authorized limit.</p>
<p dir="ltr"><b>Description of "absence of good/effective ALM of a bank may lead it to different crisis jeopardizing image and foundation of the bank?"</b></p>
<p dir="ltr">In banking, asset liability management is the practice of managing the risks that arise due to mismatches between the assets and liabilities (debts and assets) of the bank. Banks face several risks such as liquidity risk, interest rate risk, credit and operational risk. Asset/Liability management (ALM) is a strategic management tool to manage Asset, Liability, spread of interest rate and liquidity risk faced by banks & Financial Institutions.</p>
<p dir="ltr">In absence of good/effective ALM of a bank may lead it to following crisis:</p>
<p dir="ltr"><b>Liquidity risk</b>: </p>
<p dir="ltr">the current and prospective risk arising when the bank is unable to meet its obligations as they come due without adversely affecting the bank's financial conditions. </p>
<p dir="ltr"><b>Interest rate risk</b>: </p>
<p dir="ltr">The risk of losses resulting from movements in interest rates and their impact on future cash-flows. One of the primary causes are mismatches in terms of bank deposits and loans.</p>
<p dir="ltr"><i>Currency risk management</i>: </p>
<p dir="ltr">The risk of losses resulting from movements in exchanges rates. To the extent that cash-flow assets and liabilities are denominated in different currencies.</p>
<p dir="ltr"><i>Funding and capital management: </i></p>
<p dir="ltr">As all the mechanism to ensure the maintenance of adequate capital on a continuous basis. (Usually a prospective time-horizon of 2 years).</p>
<p dir="ltr"><i>Profit planning and growth</i>:<br>
Profit planning is required to make a sufficient growth for the organization itself. </p>
<p dir="ltr">In addition, ALM deals with aspects related to credit risk as this function is also to manage the impact of the entire credit portfolio (including cash, investments, and loans) on the balance sheet. The credit risk, specifically in the loan portfolio, is handled by a separate risk management function and represents one of the main data contributors to the ALM team.</p>
<p dir="ltr"><i>Ending words :</i></p>
<p dir="ltr">So, it can be said undoubtedly that absence of good/effective ALM of a bank may lead it to different crisis jeopardizing image and foundation of the bank.</p>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com57tag:blogger.com,1999:blog-3781064339632712289.post-23303042280140834882018-02-21T02:02:00.000-08:002018-02-21T02:08:55.703-08:00Cyber Insurance: The New Arrival Into IT World For Cyber Attack Protection.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #003300;">General words of Cyber Insurance</span></h3>
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Technological advancements have revolutionized the way online notices, advertisements, advancements, and shopping are finished. This has conveyed enormous advantages to organizations, who have now discovered better approaches to connect with the current and potential purchasers. The open door offered by online networking alone is rich for organizations that expect to lead comprehensive showcasing exercises. Nonetheless, online networking stages have additionally moved toward becoming roads of cyber-attacks. This has fashioned untold monetary misfortunes to a wide range of organizations – little, medium and huge. A valid example is the most recent assault from "wanna-cry'', a payment product that influenced organizations on a worldwide scale. Cyber-attacks can begin from anyplace. Organizations vast and little must be watchful and this is why it should hold a Cyber Insurance policy.</div>
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There are various ways that organizations can respond to the risk of cyber attacks with a specific end goal to ensure themselves and their customers. A few dangers are avoidable through the legitimate use of approaches like requiring solid passwords. Others may require further developed programming and checking. In any case, in any case, on the off chance that you manage customers on the web, or on the off chance that you keep vital individual data, you likely need cyber protection.<br />
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<a href="http://www.carethyself.com/wp-content/uploads/cyber-insurance-policy.jpg"><img alt="Cyber insurance policy" class="aligncenter size-full wp-image-4007" src="http://www.carethyself.com/wp-content/uploads/cyber-insurance-policy.jpg" height="500" width="1000" /></a><br />
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<span style="color: green;">Cyber Insurance</span></h3>
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Cyber insurance is an insurance item used to shield organizations and individual clients from Internet-based risks, and all the more by and large from risks identifying with data technology foundation and exercises. Risks of this nature are ordinarily rejected from conventional commercial general obligation approaches or if nothing else are not particularly characterized in customary insurance items. Coverage gave by cyber-insurance strategies may incorporate first-party coverage against misfortunes, for example, information demolition, blackmail, burglary, hacking, and dissent of administration assaults; risk coverage repaying organizations for misfortunes to others caused, for instance, by blunders and exclusions, inability to defend information, or slander; and different advantages including standard security-audit, post-episode advertising and investigative costs, and criminal reward funds. Cyber Insurance as a Way to Protect Your Data from Hacker Attacks</div>
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<span style="color: navy; font-size: 14pt;">Types of Cyber Insurance</span></h4>
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Cyber insurance is a risk management technique via which network user risks are transferred to an insurance company, in return for a fee, i.e., the insurance premium. Examples of potential cyber-insurers might include ISP, cloud provider, traditional insurance organizations. Proponents of cyber-insurance believe that cyber-insurance would lead to the design of insurance contracts that would shift appropriate amounts of self-defense liability to the clients, thereby making the cyberspace more robust. Here the term ‘self-defense' implies the efforts by a network user to secure their system through technical solutions such as anti-virus and anti-spam software, firewalls, using secure operating systems, etc. There are various types of cyber insurance-<br />
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<a href="http://www.carethyself.com/wp-content/uploads/Cyber-insurance-1.jpg"><img alt="Types of Cyber Insurance" class="aligncenter size-full wp-image-4008" src="http://www.carethyself.com/wp-content/uploads/Cyber-insurance-1.jpg" height="500" width="1000" /></a><br />
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<span style="color: blue; font-size: 14pt;">Extortion:</span></h5>
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Provides coverage for the expenses and costs related to the investigation of threats to commit cyber attacks against the policyholder's frameworks and for installments to scoundrels who debilitate to get and unveil delicate data.</div>
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<span style="color: blue; font-size: 14pt;">Reputation Insurance:</span></h5>
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Insurance against notoriety attacks and cyber defamation maligning.</div>
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<span style="color: blue; font-size: 14pt;">Forensic investigation:</span></h5>
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Covers the legitimate, specialized or legal administrations important to survey whether a cyber assault has happened, to evaluate the effect of the assault and to stop an assault or attack.</div>
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<span style="color: blue; font-size: 14pt;">Business interruption:</span></h5>
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Covers lost wage and related costs where a policyholder can't lead business due to a cyber event or information or data loss.</div>
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<span style="color: blue; font-size: 14pt;">Computer data loss and restoration:</span></h5>
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Covers physical harm to, or loss of utilization of, computer-related assets and resources, including the costs of recovering, restoring and reestablishing information or data, hardware, software or other information destroyed or damaged as the result of a cyber attack also.</div>
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<span style="color: blue; font-size: 14pt;">Hacks range:</span></h5>
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Insurance against cyber attacks and hacking attacks.</div>
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<span style="color: blue; font-size: 14pt;">Theft and fraud:</span></h5>
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Spreads obliteration or loss of the policyholder's information as the aftereffect of a criminal or deceitful cyber occasion, including robbery, transfer of the fund and exchange of assets.</div>
<strong><span style="color: red;">To read more...</span> <a href="http://www.banktheories.com/2017/01/insurance.html">Insurance and its types or categories.</a></strong><br />
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<span style="color: maroon; font-size: 14pt;">Role of Cyber Insurance Providers</span></h4>
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Cyber insurance Protection is an insurance set up that's meant to supply protection in the event of a cyber-attack. Firms face large losses and expenses within the event of a cyber-attack and also the cyber insurance set up is supposed to mitigate such eventualities. The idea of cyber insurance has fully grown enormously since 2005. It's projected to succeed in near to $8 billion in premiums inside future 3 some years.<br />
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<a href="http://www.carethyself.com/wp-content/uploads/Role-of-Cyber-Insurance-Providers.jpg"><img alt="Role of Cyber Insurance Providers" class="aligncenter size-full wp-image-4009" src="http://www.carethyself.com/wp-content/uploads/Role-of-Cyber-Insurance-Providers.jpg" height="500" width="1000" /></a><br />
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Several firms within the USA have accomplished the necessity for finance in a very cyber insurance. Presently, near to thirty-fifth people businesses have non-inheritable cyber insurance policies of some kind, and their variety is growing daily.<br />
The cyber insurance business is evolving at a wide-ranging rate. However, the magnitude of the cyber-attacks threat has not been totally appreciated for a handful of reasons.</div>
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First, several firms fail to report the complete extent of the damages they face from cyber-attacks for concern of negative packaging also.</div>
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Second, the character of cyber-attacks is usually dynamical. The 2 reasons straddle underwriters with a challenge on a way to worth the money impact of an attack.</div>
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Generally, a cyber-insurance policy can cowl the subsequent expenses:</div>
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<span style="color: #993300; font-size: 14pt;">1. Forensics Examination</span></h5>
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Once an attack happens, it is crucial that a forensic examination is directed. The examination will uncover the full degree of the harm and what should we do to redress the circumstance. The forensic analysts will prompt the company on what should they do to effectively deflect or withstand any future cyber-attack threats.</div>
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<span style="color: #993300; font-size: 14pt;">2. Costs Arising from Lawsuits and Extortion</span></h4>
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The policy will provide food for costs that emerge from claims favored against the company. A break of customer secrecy by a cyber-attack might occasion such claims. The policy additionally covers any statutory fines that might be forced on the business, the cost of lawful arrangements and any expenses caused because of cyber blackmail.</div>
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<span style="color: #993300; font-size: 14pt;">3. Administration Losses</span></h5>
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The cyber insurance policy will meet the cost of misfortune because of disappointment by the company to convey benefit due to the cyber-attack. The administration interference might be because of network downtime or something else. Other administration costs that are secured by the cyber-insurance policy incorporate those of recuperating any lost data and completing the important PR exercises to repair the company's imprinted picture.</div>
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<span style="color: #993300; font-size: 14pt;">4. Data Alerts</span></h5>
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The policy provides food for data cautions to clients following a rupture. This likewise incorporates checking the FICO assessment of clients whose qualifications and character may have been traded off amid the strike.</div>
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<span style="color: #993300; font-size: 14pt;">5. Others:</span></h5>
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Some of the kinds of loss a company may experience during a cyber breach are:</div>
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<li style="text-align: justify;">Costs of remediation, including the cost to improve security and prevent a similar breach going forward.</li>
<li style="text-align: justify;">The cost of customer breach notification, including legal costs and public relations.</li>
<li style="text-align: justify;">Expenses of customer compensation, including credit monitoring, service-level agreement penalties, refunds and contractual breaches.</li>
<li style="text-align: justify;">Costs of liability associated with the breach, including legal costs.</li>
<li style="text-align: justify;">Direct monetary loss through electronic theft.</li>
<li style="text-align: justify;">Losses due to extortion from DDoS blackmail or ransomware.</li>
<li style="text-align: justify;">Costs of mitigating and investigating the incident.</li>
<li style="text-align: justify;">Losses due to downtime.</li>
<li style="text-align: justify;">Losses from damage to data and systems, and the costs associated with restoring systems back to normal.</li>
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<span style="color: #269fbd; font-size: 14pt;">What do you look for in Cyber-insurance Coverage?</span></h4>
<a href="http://www.carethyself.com/wp-content/uploads/Cyber-insurance-Coverage.jpg"><img alt="Cyber-insurance Coverage" class="aligncenter size-full wp-image-4010" src="http://www.carethyself.com/wp-content/uploads/Cyber-insurance-Coverage.jpg" height="460" width="1000" /></a><br />
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Various cyber insurance companies offer a rundown of things covered by their insurance policy. The purchaser can utilize these rundowns to thoroughly analyze different suppliers previously they settle on the one they see to be most open to their necessities. You can likewise use a free insurance office to enable you to look for the best esteem. For instance, since we are free, we can shop with numerous bearers for a wide range of insurance needs. Whatever the case, you should get some information about the accompanying parts of a cyber-insurance design:</div>
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<span style="color: #269fbd; font-size: 14pt;">A.</span></h5>
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Does the backup plan redo the insurance coverage want to the requirements of their customers, or does it offer a one-measure fits-all sort of policy? Obviously, as the purchaser, an insurance firm will inspire you more that will tweak their items for your firm.</div>
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<span style="color: #269fbd; font-size: 14pt;">B.</span></h5>
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How do deductibles look at among the different backup plans? Make sure to look into deductibles among different insurance suppliers to decide the ones with the best arrangements also.</div>
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<span style="color: #269fbd; font-size: 14pt;">C.</span></h5>
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Does the insurance policy incorporate coverage for outsider suppliers? What are the cutoff points? On the off chance that outsider suppliers have cyber-insurance, by what means will this impact the terms of my agreement?<br />
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<a href="http://www.carethyself.com/wp-content/uploads/Cyber-Insurance-Coverage.jpg"><img alt="Cyber Insurance Coverage" class="aligncenter size-full wp-image-4012" src="http://www.carethyself.com/wp-content/uploads/Cyber-Insurance-Coverage.jpg" height="500" width="1000" /></a><br />
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<span style="color: #269fbd; font-size: 14pt;">D.</span></h5>
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Do the insurance policy cover APTs (Advanced Persistent Threats) and other system assaults?</div>
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<span style="color: #269fbd; font-size: 14pt;">E.</span></h5>
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Does the insurance policy offer assurance in case of a strike? The strikes could focus on the organization, or the inadvertent blow-back might influence the organization. How does the safety net provider propose to deal with this?</div>
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<span style="color: #269fbd; font-size: 14pt;">F.</span></h5>
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Does the safety net provider offer E&O assurance that caters for a damaging activity done unintentionally by a representative?</div>
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<span style="color: #269fbd; font-size: 14pt;">G.</span></h5>
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For to what extent will the policy offer assurance against the danger of APTs?</div>
<strong><span style="color: red;">To read more articles...</span></strong> <strong><a href="http://www.banktheories.com/2017/01/principles-of-insurance.html">Principles of Insurance.</a></strong><br />
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<span style="color: #8c3999; font-size: 14pt;">How Do Insurance Companies Determine Insurance Coverage?</span></h4>
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A cyber attack insurance provider anticipates that potential customers will have set up specific measures previously they can guarantee them. For instance, the purchaser must guarantee that they have completed a hazard assessment and made a point by point cyber chance profile. They additionally should have strong securities against potential cyber-assaults. The safety net provider will ask for that the purchaser teaches its workforce on the best security practices to counteract, control, or effectively withstand a cyber-assault.</div>
<a href="http://www.carethyself.com/wp-content/uploads/Insurance-Companies-Determine-Insurance-Coverage.jpg"><img alt="Insurance Companies Determine Insurance Coverage" class="aligncenter size-full wp-image-4011" src="http://www.carethyself.com/wp-content/uploads/Insurance-Companies-Determine-Insurance-Coverage.jpg" height="500" width="1000" /></a><br />
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The purchaser urge to counsel moral programmers with a view to getting an understanding on the purchaser's most helpless spots and how to ensure them also.</div>
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Cyber insurance purchasers might be solicited to give a nitty gritty review of their organization's methodology and practices. This will be to empower the backup plan to evaluate the helplessness levels of the organization. Back up plans may solicit companies to change a few perspectives from their regulatory practices in the event that they esteem to a danger.</div>
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<span style="color: #7de019; font-size: 14pt;">Importance of Cyber Insurance Coverage for Businesses</span></h4>
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Companies that in part or completely direct their organizations over the web need to contact a legitimate backup plan for a cyber-assault insurance policy also. This is on the grounds that such organizations stand the most serious danger struck and lose their benefits also. Measurements plainly demonstrate that cyber-assaults are in an upward direction.</div>
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A stunning perception: Assaulters are assaulting the private companies at a higher recurrence than anticipated. For instance, a report by two driving web security suppliers found that around 30% of the cyber-assaults recorded 2 years prior focused independent ventures. Shockingly, the assaults against private ventures expanded by 15% to 45% also a year ago. This in itself ought to be a reminder to private companies to protect their organizations against such assaults. The organization also assessed that the effect of cyber violations on the world's economy has soared to $580 billion every year, from the $350 billion experienced only a couple of years back.</div>
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The cost of a cyber insurance design is reliant on how the purchaser's business is composing. The business also manages the strategies and methods of the firm, the sort of administrations offered, and their hazard profile. Independent ventures with benefits of amongst $90,000 and $500,000 will have brought down premiums than bigger associations.<br />
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<a href="http://www.carethyself.com/wp-content/uploads/Importance-of-Cyber-Insurance.jpg"><img alt="Importance of Cyber Insurance Coverage for Businesses" class="aligncenter size-full wp-image-4013" src="http://www.carethyself.com/wp-content/uploads/Importance-of-Cyber-Insurance.jpg" height="500" width="1000" /></a><br />
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<span style="color: red; font-size: 14pt;">The impossibility arises due to a number of reasons</span></h4>
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<li style="text-align: justify;">Customer lock-in and first mover effects of vulnerable security products.</li>
<li style="text-align: justify;">Difficulty to measure risks resulting in challenges to designing pertinent risk removal solutions.</li>
<li style="text-align: justify;">The problem of a lemons market, whereby security vendors have no incentive to release robust products in the market.</li>
<li style="text-align: justify;">Liability shell games played by product vendors.</li>
<li style="text-align: justify;">User naiveness in optimally exploiting feature benefits of technical solutions.</li>
<li style="text-align: justify;">The scarce existence of sound technical solutions.</li>
<li style="text-align: justify;">Network users taking advantage of the positive security effects generated by other users' investments in security. In turn, themselves not investing in security and resulting in the free-riding problem.</li>
<li style="text-align: justify;">Difficulty in designing solutions catered to varied intentions behind network attacks.</li>
<li style="text-align: justify;">Misaligned incentives between network users, security product vendors, and regulatory authorities regarding protecting the network.</li>
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<strong><span style="color: red;">To read more article...</span></strong> <strong><a href="http://www.banktheories.com/2017/01/insurance-in-agricultural-sector.html">Crop insurance or Agricultural Insurance sector.</a></strong></div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com46tag:blogger.com,1999:blog-3781064339632712289.post-50061746978150657602017-09-26T02:09:00.000-07:002017-09-26T02:24:11.215-07:00When the advertisement is not the only advertisement !<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue;">Advertisement </span></h2>
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<span style="color: #333333; font-family: "oxygen" , "tahoma" , "arial";">Experts, through means, for example, regular postal mail, phone, print, radio, TV, and web. A vital piece of marketing, advertisements are open notification intended to illuminate and rouse. Their goal is to change the reasoning example (or purchasing conduct) of the beneficiary, so he or she is induced to make the move wanted by the advertiser.Advertising is an audio or visual type of marketing communication that utilizes a straightforwardly supported, nonpersonal message to promote or offer a product, services or thought.</span></div>
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<span style="color: blue; font-family: "oxygen" , "tahoma" , "arial";">Advertisement not only advertisement!</span></h3>
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Advertising means just talking about selling and selling products? No, more than advertising. Displaying an advertisement in a country's art and culture, voices against social injustice and injustice, through pen and puffs, roamed through immorality also. And the extraordinary creativity of these advertisements deeply thinks about something, sometimes laughing, and sometimes we know many unknown and unseen many truths. The companies have commercial motives behind such advertising, but they also do such work from the duties of society and environment also. Let's see if there are some great advertisements published in the print media.</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Nivia</span></h4>
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<dt class="wp-caption-dt" style="-webkit-user-drag: none; box-sizing: inherit; font-weight: bold;"><a data-mce-href="http://www.carethyself.com/wp-content/uploads/Nivia.jpg" href="http://www.carethyself.com/wp-content/uploads/Nivia.jpg" style="-webkit-user-drag: none; box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="Nivia" class="size-full wp-image-2868" data-mce-src="http://www.carethyself.com/wp-content/uploads/Nivia.jpg" src="http://www.carethyself.com/wp-content/uploads/Nivia.jpg" height="500" style="-webkit-user-drag: none; box-sizing: inherit; display: block; height: auto; margin: 0px auto; max-width: 100%;" width="1000" /></a></dt>
<dd class="wp-caption-dd" style="-webkit-user-drag: none; box-sizing: inherit; font-size: 14px; margin: 0px; padding-top: 0.5em;"><span data-mce-style="color: #999999; font-size: 12pt;" style="box-sizing: inherit; color: #999999; font-size: 12pt;">Worrying in thinking, it is natural to have wrinkles! Image Source: Ads of the World</span></dd></dl>
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The German cosmetic brand runs a creamy campaign promoting men's skincare. The concept line of the campaign was 'Because life makes wrinkles'. In the image of campaign advertisements, it is highlighted in the center of a male ballerina. The different view of life was also the main reason for the sacrifices, as was the message of these pictures. Two campaign advertisements are Wari Lines - Kid's and Wari Lines - Cars. Jung Von Matt as the Creative Agency of Advertising</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Chupa Chups</span></h4>
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<dt class="wp-caption-dt" style="-webkit-user-drag: none; box-sizing: inherit; font-weight: bold;"><a data-mce-href="http://www.carethyself.com/wp-content/uploads/Chupa-Chups.jpg" href="http://www.carethyself.com/wp-content/uploads/Chupa-Chups.jpg" style="-webkit-user-drag: none; box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="Chupa Chups" class="size-full wp-image-2869" data-mce-src="http://www.carethyself.com/wp-content/uploads/Chupa-Chups.jpg" src="http://www.carethyself.com/wp-content/uploads/Chupa-Chups.jpg" height="500" style="-webkit-user-drag: none; box-sizing: inherit; display: block; height: auto; margin: 0px auto; max-width: 100%;" width="1000" /></a></dt>
<dd class="wp-caption-dd" style="-webkit-user-drag: none; box-sizing: inherit; font-size: 14px; margin: 0px; padding-top: 0.5em;"><span data-mce-style="font-size: 12pt;" style="-webkit-user-drag: none; box-sizing: inherit; font-size: 12pt;"> <span data-mce-style="color: #999999;" style="box-sizing: inherit; color: #999999;"> <strong style="-webkit-user-drag: none; box-sizing: inherit;">Just liking is the end of the responsibility!</strong> Image Source: Ads of the World</span></span></dd></dl>
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Spain's chocolate maker has created quite a stir through this advertisement. In keeping with the health of the children, the company has marketed Sugar-Free Lollipop and it is responsible for promoting creativity by DDB Advertising Agency. Ants are going through a lip line on the open packet, and the ants are not coming in the chalk. Because chocolate has no sugar. In this advertisement, there was a very creative strategy to explain the Sugar-Free issue.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">McCain Health Care World Wide, Japan</span></h4>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/McCain-Health-Care-World-Wide-Japan.jpg" href="http://www.carethyself.com/wp-content/uploads/McCain-Health-Care-World-Wide-Japan.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="McCain Health Care World Wide, Japan" class="aligncenter size-full wp-image-2870" data-mce-src="http://www.carethyself.com/wp-content/uploads/McCain-Health-Care-World-Wide-Japan.jpg" src="http://www.carethyself.com/wp-content/uploads/McCain-Health-Care-World-Wide-Japan.jpg" height="500" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="1000" /></a></div>
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The organization involved in health-related activities, in 2010, did a great campaign in the World No Tobacco Day. The campaign name is 'No the Ugly Truth'. When the tobacco is consumed, the look gets spoiled in and out from the inside - this information is very nicely illustrated in the picture. This campaign has served as a Creative Agency - McCann Erickson, Tokyo.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Crisis Relief Singapore</span></h4>
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This organization sponsors a campaign to find volunteers. The campaign name 'Like is not Help'. The images of the campaign advertisements were so much that the disaster image shows a lot of fingers in which the 'like' symbol is meant. And in the copy of the pictures - "Like is not helpful. Bi A Volunteer. Change A Life ' The Campaign receives 'Gold Press Lions' award in the Kansas International Festival of Creativity. Publicis Singapore as a Creative Agency of the Campaign.</div>
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This is a German healthcare organization that deals with proper weight control. Through some advertisements in a campaign, we have presented ourselves in a very good way to tell about the service. And the name of that campaign is 'Dors'. Published on December 2005, this print has served as a creative advertising agency for advertising - FCB Hamburg. They used no tagline or speech in the advertisement. But in the picture, it is so clear and beautiful that it is possible to understand the exact picture they are trying to say.</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">King Khalid Foundation</span></h4>
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This non-government organization works with human rights. To stand against women's oppression, 'The Thing Things Cant B Coverage' They have a campaign named 'Fighting Women Abuse Together'. Each image of campaign advertisements has a sharp and sharp idea. As soon as they are seen, they force people to think. Interestingly, this is the first advertisement in Saudi Arabia to stand against female oppression. Agolve, Saudi Arabia, as a creative agency of this work</div>
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<span data-mce-style="color: #008000;" style="box-sizing: inherit; color: green;">WWF</span></h4>
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Founded in 1961, this non-government organization undertakes awareness building and protecting nature. Through a campaign, they want to make people aware that every species of the ecosystem is working also for the survival needs of the people. And the absence of any of these may be a threat to the survival of humans. This ad has been very creative with the presence and absence of shark fish, the advertisement company DDB, Turkey.</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Ecovia</span></h4>
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Ecovia is an organization that mainly works as travel and tourism, transport and volunteer. In January 2013, they worked in a campaign, which was to warn people about talking on mobile phones and sending pet messages while driving. During the driving, this kind of work could be the cause of major accidents, it was said that their main motive. The name of the campaign was 'Stop the Violence, Do not Text and Drive'. Campaign advertisements were published in Brazilian magazines and magazines. This ad serves as a Creative Agency -Tereremoto Propaganda Curitiba</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">McDonald's</span></h4>
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Who does not know the name of the world famous! Most of McDonald's ads are intelligent and viewable also. One of them is their 'Big Coffee' ad. 1.5 In Europe, coffee is available here - this topic is mainly for promotion. The picture of this advertisement can be spoken! The organization shew The coffee refill cup in the picture as it would seem like an infinity pool. That means you can get a lot of coffee also at the nominal cost. The creative agency of this ad was - DDB, Finland.</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Save the children</span></h4>
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This international non-governmental organization works on issues related to children's rights and children. They show an issue through the campaign also called 'Break the Circle'. The matter is that 70 percent of the oppressed children grew up with tortured also. This campaign is very well promoted through three different print ads. There were three advert names - Kitchen Circle, Bedroom Circle, and Living Room Circle. Has served as a creative agency for advertising - Y & R, Mexico.</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Maxam toiletries</span></h4>
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China's toothpaste maker promotes a campaign called 'Civilization' to make teeth aware of the problem of corrosion and prevention. This campaign had two print advertising- Civilization in Egypt and Civilization in Rome also. There are so many ways in which the tooth decay is so beautifully illustrated that there is no way to be impressed. The Campaign received Gold Gold Award and Gold Press Lyons Award at the Kansas International Festival of Creativity. Works as a Creative Agency for Advertising - JWT (J. Walter Thompson).</div>
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The number of such advertised advertisements all over the world but not least! Later on, we'll talk about some extraordinary ads.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #ff0000;" style="box-sizing: inherit; color: red;">To read more article...</span> </strong><span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;"><strong style="box-sizing: inherit;"><a data-mce-href="http://www.banktheories.com/2015/03/strategics-of-bank-marketing.html" href="http://www.banktheories.com/2015/03/strategics-of-bank-marketing.html" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;">Strategics of Bank Marketing</a></strong></span></div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com87tag:blogger.com,1999:blog-3781064339632712289.post-71916394772028924312017-08-17T14:07:00.000-07:002017-08-17T14:07:58.441-07:00What will the bank of the future look like?<div dir="ltr" style="text-align: left;" trbidi="on">
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<dt class="wp-caption-dt" style="-webkit-user-drag: none; box-sizing: inherit; font-weight: bold;"><a data-mce-href="http://www.carethyself.com/wp-content/uploads/bank-by-mobile.jpg" href="http://www.carethyself.com/wp-content/uploads/bank-by-mobile.jpg" style="-webkit-user-drag: none; box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="bank by mobile" class="size-full wp-image-2445" data-mce-src="http://www.carethyself.com/wp-content/uploads/bank-by-mobile.jpg" height="585" src="http://www.carethyself.com/wp-content/uploads/bank-by-mobile.jpg" style="-webkit-user-drag: none; box-sizing: inherit; display: block; height: auto; margin: 0px auto; max-width: 100%;" width="384" /></a></dt>
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Lionel Barber, the supervisor of the Financial Technology (Fintech), summed it up at Davos: "No one needs to be in bank and banking, everybody needs to be in blade tech". Fintech or financial technology has achieved the standard, yet what does this mean for the banks? The Fourth Industrial Revolution is grabbing hold in banking. The rise of Fintech came about over the last five years essentially as the consequence of five key advancements:</div>
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<span data-mce-style="color: #008000;" style="box-sizing: inherit; color: green;"><span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;">1. </span>Regulation that truly looks after the rights of the consumer's</span></h3>
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<dt class="wp-caption-dt" style="-webkit-user-drag: none; box-sizing: inherit; font-weight: bold;"><a data-mce-href="http://www.carethyself.com/wp-content/uploads/face-to-face-banking.jpg" href="http://www.carethyself.com/wp-content/uploads/face-to-face-banking.jpg" style="-webkit-user-drag: none; box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="face to face banking" class=" wp-image-2446" data-mce-src="http://www.carethyself.com/wp-content/uploads/face-to-face-banking.jpg" height="220" src="http://www.carethyself.com/wp-content/uploads/face-to-face-banking.jpg" style="-webkit-user-drag: none; box-sizing: inherit; display: block; height: auto; margin: 0px auto; max-width: 100%;" width="655" /></a></dt>
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The financial sector is tightly controlled, regulated and which is all well. And good purchase assurance should dependably be the need. In any case, control can energize advancement in the meantime as securing our rights. In a few nations, the controllers are more agreeable, more adaptable. And have reacted speedier to the appearance of financial disrupters. For instance, in the UK Financial Conduct Authority (FCA) set up Project Innovate in 2014 to work with creative organizations. An approach which others, for example, Singapore and Australia have taken after. In any case, in different nations, an organization is required to be a "bank" to do an entire scope of financial administrations. Regardless of the possibility that it's limiting itself to one movement, for example, installments. This makes it harder for challengers to enter the market.</div>
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<span data-mce-style="color: #008000;" style="box-sizing: inherit; color: green;">2. The rise of the mobile internet</span></h3>
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With a cell phone, we have a supercomputer in our pocket and are constantly associated. The way we bank is changing as a feature of this large scale drift. Conventional banks have made the move from branch to online and all the more as of late, to mobile also. Our desires of how and where we can do our banking have changed.</div>
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<span data-mce-style="color: #008000;" style="box-sizing: inherit; color: green;"><span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;">3.</span><span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;"> </span>Higher expectations</span></h3>
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As different zones have been upset: purchasers are currently used to a superior ordeal one that is speedier, less expensive, more advantageous. And we're utilized to more decision. Our involvement in everything from correspondence to music is currently empowered by tech. By correlation, financial administrations look and feel obsolete and confined.</div>
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<span data-mce-style="color: #008000;" style="box-sizing: inherit; color: green;">4. The rise of the millennials</span></h3>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/payment-services.jpg" href="http://www.carethyself.com/wp-content/uploads/payment-services.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="Payments services" class="aligncenter size-full wp-image-2449" data-mce-src="http://www.carethyself.com/wp-content/uploads/payment-services.jpg" height="516" src="http://www.carethyself.com/wp-content/uploads/payment-services.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="909" /></a></div>
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The rise of the millennials made another statistic whose desires are altogether different. Millennials are the biggest era in world history and will soon order the biggest wallet control too. adoption across age groups has driven the growth of Fintech but the demand from the millennial generation to innovate and think about financial services differently has been a catalyst for change also.</div>
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<span data-mce-style="color: #008000;" style="box-sizing: inherit; color: green;"><span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;">5. </span>Loss of trust in the global financial crisis of 2008</span></h3>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/Faith.jpg" href="http://www.carethyself.com/wp-content/uploads/Faith.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="faith" class="aligncenter size-full wp-image-2450" data-mce-src="http://www.carethyself.com/wp-content/uploads/Faith.jpg" height="500" src="http://www.carethyself.com/wp-content/uploads/Faith.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="1000" /></a></div>
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In particular, the banks lost our trust. Financial administrations and services have dependably been about trust. Maybe the greatest boundary to section has been getting new clients to put stock in an obscure brand or benefit. And that is especially valid with computerized disruptors who do not have a physical nearness on the neighborhood high road. The financial crisis of 2008 made a seismic move in the flow of trust in financial administrations. Fintech would have occurred without the global financial crisis - yet it would have taken any longer.</div>
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<span data-mce-style="font-size: 14pt; color: #0000ff;" style="box-sizing: inherit; color: blue; font-size: 14pt;">The bank of the future?</span></h4>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/customer-hope.jpg" href="http://www.carethyself.com/wp-content/uploads/customer-hope.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="customer hope" class="aligncenter wp-image-2457" data-mce-src="http://www.carethyself.com/wp-content/uploads/customer-hope.jpg" height="284" src="http://www.carethyself.com/wp-content/uploads/customer-hope.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="658" /></a></div>
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These five advancements established the frameworks for change sufficiently giving catalyst to the main flood of disturbance to pick up footing and demonstrating the idea of a contrasting option to banks.</div>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/future-bank.jpg" href="http://www.carethyself.com/wp-content/uploads/future-bank.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="FUTURE BANK" class="aligncenter size-full wp-image-2451" data-mce-src="http://www.carethyself.com/wp-content/uploads/future-bank.jpg" height="322" src="http://www.carethyself.com/wp-content/uploads/future-bank.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="546" /></a></div>
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New participants will now go to a market where a large number of potential clients have officially swung to a nonbank innovation organization for their banking needs - and will expect more. Indeed, even those clients who don't as of now need or utilize a blade tech administration will consider them as an option equivalent to or superior to a bank.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Customer Expectation</span></h5>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/database-handle.jpg" href="http://www.carethyself.com/wp-content/uploads/database-handle.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="database handle" class="aligncenter wp-image-2452" data-mce-src="http://www.carethyself.com/wp-content/uploads/database-handle.jpg" height="288" src="http://www.carethyself.com/wp-content/uploads/database-handle.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="689" /></a></div>
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Customers expect a noteworthy move in their own conduct throughout the following five years, as indicated by YouGov inquire about for a report distributed by my own particular organization, Transferwise. In 2015, 68% of individuals had never utilized an innovative supplier for store payments, international money transfers, lending, wealth management, property investment also. In five years, half (48%) of shoppers hope to utilize an innovative supplier for no less than one financial administration. A third (32%) hope to utilize an innovative supplier for half or a greater amount of their financial needs.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Customer Hopefulness</span></h5>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/future-customer-journey-in-banking.jpg" href="http://www.carethyself.com/wp-content/uploads/future-customer-journey-in-banking.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="future customer journey of the bank" class="aligncenter wp-image-2456" data-mce-src="http://www.carethyself.com/wp-content/uploads/future-customer-journey-in-banking.jpg" height="329" src="http://www.carethyself.com/wp-content/uploads/future-customer-journey-in-banking.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="670" /></a></div>
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As the existing banking model is unbundled, everything about our financial services experience will change. In five to ten years, the industry will look fundamentally different. There will be a host of new providers and innovative new services. Some banks will take digital transformation seriously. Others will buy their way into the future by taking over challengers and some will lose out. Nonbanks will almost universally control Some segments. Other segments will be better within the structural advantages of a bank also. Across the board, consumers will benefit as players will compete on innovation and customer experience.</div>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/future-core-banking-platform.jpg" href="http://www.carethyself.com/wp-content/uploads/future-core-banking-platform.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="future core banking platform" class="aligncenter size-full wp-image-2454" data-mce-src="http://www.carethyself.com/wp-content/uploads/future-core-banking-platform.jpg" height="501" src="http://www.carethyself.com/wp-content/uploads/future-core-banking-platform.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="700" /></a></div>
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Looking forward to ten years, the picture changes much more significantly. 20% of buyers suspect they will trust innovation suppliers with all their financial administration no matter how you look at it from Visas to contracts.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Financial Administration</span></h4>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/newbranch-of-bank.jpg" href="http://www.carethyself.com/wp-content/uploads/newbranch-of-bank.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="new branch of bank" class="aligncenter wp-image-2455" data-mce-src="http://www.carethyself.com/wp-content/uploads/newbranch-of-bank.jpg" height="327" src="http://www.carethyself.com/wp-content/uploads/newbranch-of-bank.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="649" /></a></div>
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As the current banking model is unbundled, everything about our financial administration's experience will change. In five to ten years, the industry will look essentially changed. There will be a large group of new suppliers and imaginative new administrations. A few banks will consider computerized change important. Others will purchase their way into the future by assuming control challenges and some will miss out also. A few portions will be all around controlled by nonbanks; different sections will be better inside the auxiliary points of interest of a bank. No matter how you look at it, purchasers will profit as players will contend on development and client encounter.</div>
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">"The democratization of finance"</span></h5>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/Self-services.jpg" href="http://www.carethyself.com/wp-content/uploads/Self-services.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="Self services" class="aligncenter size-full wp-image-2453" data-mce-src="http://www.carethyself.com/wp-content/uploads/Self-services.jpg" height="500" src="http://www.carethyself.com/wp-content/uploads/Self-services.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="1000" /></a></div>
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The most vital outcome will be the genuine democratization of fund. The idea of the current "packaged" model of banking is in a general sense out of line. The expenses of the framework and the benefits of the banks are overwhelmingly collected from charges and charges that hit the poorest hardest also. Worldwide installments are a prime illustration. An expansive extent of those making exchanges is those to whom the normal 7.68% cost is a gigantic weight also. As the supervisor of the Fintech opportunity and drives change, the final product will be the expansion of financial chance to numerous more individuals. The expenses charged will never again be unbalanced to the administration. Also, reserve funds and speculations will collect better returns for the general population that holds them.</div>
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<a data-mce-href="http://www.carethyself.com/wp-content/uploads/bank-of-the-future.jpg" href="http://www.carethyself.com/wp-content/uploads/bank-of-the-future.jpg" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="Banks of future " class="aligncenter size-full wp-image-2458" data-mce-src="http://www.carethyself.com/wp-content/uploads/bank-of-the-future.jpg" height="543" src="http://www.carethyself.com/wp-content/uploads/bank-of-the-future.jpg" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="755" /></a></div>
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As indicated by the World Bank, the fall in the cost of sending worldwide installments in the course of the most recent five years, driven by the passageway of new, less expensive choices, has officially spared clients more than $60 billion since 2010 also.</div>
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<span data-mce-style="font-size: 14pt; color: #0000ff;" style="box-sizing: inherit; color: blue; font-size: 14pt;">Moreover</span></h6>
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The monopolistic condition made by the banks made it troublesome for challengers to enter the market. Accordingly, the early disruptors in financial administrations needed to acquaint more noteworthy straightforwardness all together with content also. With more noteworthy straightforwardness comes more noteworthy opportunity and more prominent decision. This has gotten the wheels under way for an upheaval in the segment. In five years, the division will see expanded rivalry and better options also. In ten years, it will have changed. And the adjust of energy inside the connection between the customer and the suppliers of financial administrations also. It will have in a general sense changed.</div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com44tag:blogger.com,1999:blog-3781064339632712289.post-66893852875177359052017-07-11T10:53:00.002-07:002017-07-11T11:03:26.679-07:00Cyber crime and How to confront cyber crime in financial sector?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span data-mce-style="font-size: 14pt; color: #0000ff;" style="box-sizing: inherit; color: blue; font-size: 14pt;">General words</span></h2>
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Computers, the Internet, and other electronic medium are the tools that facilitate the instant exchange and distribution of data, images, and materials. The fraudulent activities of IT are termed as cyber-crime. It is also called as e-crime, hi-tech crime, <a href="http://www.banktheories.com/2015/04/guarding-against-account-hacking.html">account Hacking </a>or electronic crime.</div>
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">Cyber crimes in Banking Sector (Globally)</span></h3>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">1.</span></strong> Stealing of personal information of >2.9 million credit card customers of Barclays and Santander Banks UK in 2013.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">2.</span></strong> Missing $ 450,000 from the bank account of a Pennsylvania school district in 2008.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">3.</span></strong> In 2009, Transfer of $3 million from a school’s account in New York. Some money was recovered. But $500,000 was withdrawn from the account before the transaction could be reversed.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">4.</span></strong> Creation of fake debit cards and withdrawal of > $9 million from ATMs worldwide by breaching the U.S. payment processor's computer systems in 2009.</div>
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<span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;"><strong style="box-sizing: inherit;">5.</strong></span> Huge cyber attacks hit on 13th May 2017 nearly to 100 countries with "Wanna Decryptor" malware which is called ransomware as well.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">6.</span></strong> In 2002 the newly formed U.S. Internet Crime Complaint Center reported that more than $54 million dollars had been lost through a variety of fraud schemes; this represented a threefold increase over estimated losses of $17 million in 2001. The annual losses grew in subsequent years, reaching $125 million in 2003, about $200 million in 2006 and close to $250 million in 2008.</div>
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<b style="font-family: oxygen, tahoma, arial; font-size: 16px;"><span style="color: red;">Read more... </span></b><span style="color: #333333; font-family: oxygen, tahoma, arial;"><b><a href="http://www.banktheories.com/2017/05/how-to-be-performed-atm-skimming-how-to.html">How to be performed the ATM skimming? How to secure your ATM card from it?</a></b></span></div>
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<span data-mce-style="font-size: 14pt; color: #0000ff;" style="box-sizing: inherit; color: blue; font-size: 14pt;">Classifications of Cyber Crime</span></h3>
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Mr. Pavan Duggal, who is the President of cyber laws, the internet, and representative, in a report has honestly described the diverse categories and varieties of cyber crimes. Cyber crimes can be essentially divided into 3 fundamental categories-</div>
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1. Cybercrimes Against Persons.<br />
2. Cybercrimes Against Property.<br />
3. Cybercrimes Against Government.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">1. Cybercrimes Against Persons.</span></h4>
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Cybercrimes committed in opposition to people encompass diverse crimes like transmission of baby pornography, harassment of everybody with the use of a computer which includes the internet. The trafficking, distribution, posting, and dissemination of obscene cloth inclusive of pornography and indecent publicity constitutes one of the maximum critical Cybercrimes recognized today. The capacity harm of such a crime to humanity can infrequently be amplified. this is one Cybercrime which threatens to undermine the increase of the younger era as also leave irreparable scars and harm on the younger era, if now not managed.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">2. Cybercrimes Against Property.</span></h4>
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The second one category of Cybercrimes is that of Cybercrimes against all kinds of assets. Those crimes include laptop vandalism (destruction of others' assets), transmission of dangerous programs. A Mumbai-primarily based upstart engineering organization misplaced a say and lots cash inside the commercial enterprise while the rival enterprise, an industry predominant, stole the technical database from their computers with the help of a corporate cyber secret agent.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">3. Cybercrimes Against Government.</span></h4>
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The third category of Cybercrimes relates to Cybercrimes in opposition to authorities. Cyber terrorism is one wonderful kind of crime in this class. The increase of internet has proven that the medium of cyberspace is being used by people and companies to threaten the international governments as additionally to terrorize the residents of a rustic. This crime manifests itself into terrorism whilst a person "cracks" into a central authority or navy maintained a website.<br />
The Act defines five cybercrimes damage to PC source code, hacking, publishing electronic information that's lascivious or prurient, breach of confidentiality and publishing false digital signatures.</div>
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The studies suggest PC crime poses a real chance. those who accept as true with otherwise simply have now not been weakened by the large losses and setbacks skilled by companies worldwide. money and highbrow belongings have been stolen, corporate operations impeded, and jobs lost because of computer crime.in addition, facts systems in authorities and business alike have been compromised. The economic impact of computer crime is mind-blowing (high-quality issue)</div>
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<b style="color: black; font-family: oxygen, tahoma, arial; font-size: 16px;"><span style="color: red;">Read more... </span></b><span style="color: red; font-family: oxygen, tahoma, arial;"><b><a href="http://www.banktheories.com/2017/02/data-security-through-encryption-number-system-unicode.html">Data security</a></b></span></div>
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">Reasons for Cyber Crime</span></h4>
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“The concept of law” has stated ‘people are inclined so rule of law is needed to guard them’. Applying this to our cyberspace we can also say that computer systems are prone (able to attack) so rule of law is needed to shield and guard them in opposition to cyber crime. The motives for the vulnerability of computers can be said to be:</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">1. Potential To keep information In comparatively Small space-</span></h5>
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The computer has the unique characteristic of storing records in a totally small area. This provides to put off or derive statistics either via physical or virtual medium makes it lots less complicated.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">2. Easy to access</span></h4>
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The hassle encountered in guarding a laptop system in opposition to unauthorized get entry to is that there may be every possibility of breach now not due to human mistakes however due to the complicated technology. with the aid of secretly implanted good judgment bomb, keyloggers that can steal get entry to codes, superior voice recorders; retina photos and many others. that could idiot biometric systems and bypass firewalls may be utilized to get past many a security system.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">3. Complicated</span></h5>
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The computers paintings on running structures and those operating systems, in turn, are composed of tens of millions of codes. The human mind is fallible and it isn't feasible that there won't be a lapse at any stage. The cyber criminals take advantage of these lacunas and penetrate into the PC gadget.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">4. Negligence</span></h5>
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Negligence may be very intently connected with human conduct. It's miles consequently very probable that whilst defensive the PC device there might be any negligence, which in turn gives a cybercriminal to advantage get right of entry to and manage the PC device.</div>
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<span data-mce-style="color: #3366ff; font-size: 14pt;" style="box-sizing: inherit; color: #3366ff; font-size: 14pt;">5. Loss of evidence</span></h5>
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Lack of proof is a very not unusual & apparent hassle as all of the data are mechanically destroyed. The similar collection of information out of doors the territorial volume also paralyzes this device of crime investigation.</div>
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">Prevention of Cyber Crime</span></h4>
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<span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;"><strong style="box-sizing: inherit;">1.</strong></span> Adequate ICT policy is the first thing. Govt has taken ICT policy 2016 in this regard. Financial Institutions especially Banks have the responsibility to develop their own policy which must be complied with ICT policy 2016. The majority of Banks are trying their level best.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">2.</span></strong> Server Room's environment is a factor. Entry must be restricted. Only authorized person should be allowed.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">3.</span> </strong>Entry time & exit time of each person must be registered & checked daily.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">4.</span></strong> Server or Client PC must be password protected. Windows & User password is necessary.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">5.</span></strong> Regular backup of confidential data is necessary.</div>
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<span data-mce-style="color: #3366ff; font-size: 12pt;" style="box-sizing: inherit; color: #3366ff; font-size: 12pt;">6. Password:</span></h5>
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Password must not be- his/her name, his/her wife/husband name, birthday or any other person's name closely related to him/her. Password must not be written in any paper, computer or any other medium. Password must be a combination of Uppercase & Lowercase Characters, special characters, number- with at least 8 digits long. Password must be changed within 15 days; even weekly if possible. But pattern should be different.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">7.</span></strong> Free/Pirated software should not be installed. Only license version is allowed. Application Software like- Facebook, Twitter etc is strictly prohibited.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">8.</span> </strong>There must be the precaution in case of using 3rd party software. 3rd party performance & trust must take in consideration.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">9.</span> </strong>Junk or Spam messages must be deleted regularly to avoid Spoofing & Spamming.</div>
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<span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;"><strong style="box-sizing: inherit;">10.</strong></span> The firewall should remain active 24/7. Also checking any try of unauthorized access; if found blocking them immediately.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">11.</span></strong> Strong serval lens system must be introduced; either in the form of CC Camera or others.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">12.</span></strong> In the case of large transaction customer's positive pay instruction is necessary. That means the authenticity of the transaction must be taken in written or any other form from the customer.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">13.</span> </strong>Training is also a factor. The employee should be well trained about Changing threads.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">14.</span></strong> Recruitment of IT Expert/Consultant necessary.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">15.</span></strong> IT Audit must be executed on regular basis to check whether operations are going according to ICT policy also.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">16.</span></strong> Cyber Attack Simulation is necessary also on regular basis. This will help in immediate response if any threat arises.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">17.</span></strong> Building a moral value among the employee is necessary.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">18.</span></strong> In the case of any negligence, proper punishment is a must; so that no one tries it further.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">19.</span></strong> Customer awareness is also necessary. They must inform the bank/financial institution immediately in case of any illegal transaction from their account.</div>
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<strong style="box-sizing: inherit;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">20.</span></strong> Higher management should also take proper steps in proper time to prevent or mitigate Cyber Crime thread.</div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com98tag:blogger.com,1999:blog-3781064339632712289.post-35618939659392420052017-06-21T08:51:00.001-07:002017-06-21T08:51:26.829-07:00Why do you need to hire a mortgage adviser or Broker?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">General words</span></h2>
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If you don’t recognize who is mortgage adviser? Then permit me to inform you this is called a mediator between mortgagors and owners. The fundamental purpose is to have such individuals they offer help to get a mortgage for any scenario of yours. They are required to do all form of criminal works, and this is their responsibility to do better research on customers and interact with them to help you in your application approval.</div>
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This turned into terrible for a specific time when you carried out for a mortgage and needed to watch for few months to get your loan. You didn’t realize real terms for all related paperwork so mediator can be your right hand who will give you complete understanding concerning regulations and policies in addition to middleman support for you. Let’s explore the fundamental want of hiring such advisers.</div>
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">What is Mortgage Adviser?</span></h3>
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<a data-mce-href="http://www.carethyself.com/why-do-you-need-mortgage-advisers/mortgage-adviser/" href="http://www.carethyself.com/why-do-you-need-mortgage-advisers/mortgage-adviser/" rel="attachment wp-att-2171" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="mortgage adviser" class="wp-image-2171 alignleft" data-mce-src="http://www.carethyself.com/wp-content/uploads/mortgage-adviser.jpg" height="251" src="http://www.carethyself.com/wp-content/uploads/mortgage-adviser.jpg" style="box-sizing: inherit; display: inline; float: left; height: auto; margin: 0.5em 1.5em 0.5em 0px; max-width: 100%;" width="481" /></a></div>
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Basically, a Mortgage Advisor is a mediator between a homebuyer and mortgage lenders. The mortgage advisor will evaluate the borrower's funds, find proper mortgage items, apply for pre-endorsements, accumulate important documentation, finish applications, and exhort customers on the correct mortgage items for them.</div>
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<span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;"><span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;">Benefits of using </span>Mortgage<span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;"> Adviser</span></span></h3>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Quickly conducting conferences:</span></h4>
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They could easily keep meetings for you. He may take appointments on your behalf. It's now not hard to be able to take out time out of your busy schedule in particular throughout workplace hours. So mortgage dealer makes this mission easier for you. He will make sure their availability every time you will say, so it’s not an inconvenience to chase them. He knows how valuable it slow is. It’s better to cooperate with them as properly.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Lower rates</span></h4>
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The most obvious reason that individuals acquire a mortgage. Through a mortgage broker is that brokers approach numerous rates and banks. Along these lines, mortgage brokers approach rates that may not generally be publicized broadly. And can be fundamentally lower than those promoted by banks or credit unions.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Openness</span></h4>
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Many loan specialists' rates and mortgages must be gotten to through a mortgage broker. Brokers can likewise vet loan specialists and consult for the benefit of the purchaser, and experienced brokers have associations with these moneylenders, and also the banks. Disregarding these moneylenders and getting a mortgage with a bank can mean picking harsher prepayment punishments for breaking your mortgage and additionally a higher loan fee, which can cost purchasers tons of dollars over the life of their mortgage.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Customization</span></h4>
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A mortgage adviser can better tailor a mortgage item to your particular needs, regardless of whether that be working with a loan specialist who is more adaptable with regards to independently employed wage or one who has more adaptable prepayment terms. Since mortgage brokers approach more banks, they're better ready to discover a moneylender and a mortgage in view of your particular needs and budgetary circumstance to get you the most reduced mortgage rates today.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Your Ally</span></h4>
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A mortgage adviser is on your side. "There's a considerable measure of things that happen when you purchase your first home," said Claire Drage, a mortgage broker with Mortgage Alliance. "A real estate broker will disclose to you so much, and the legal counselor will reveal to you so much [but] a decent mortgage operator can unite everything in one place and draw an obvious conclusion in what can be a mind-boggling process." A mortgage expert at a bank needs to offer you their item. That is not a terrible thing, but rather their mortgage item might be the one that is most pertinent to your circumstance. Here's some assistance in picking between a bank and a broker for your mortgage.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Experience</span></h4>
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Brokers have seen various customers in changing budgetary circumstances. When contemplating how your life may change over the life of your mortgage term. He'll have the capacity to give you choices and situations that had never entered your thoughts and record for him, possibly sparing you thousands in the process over the life of your mortgage.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Comfort</span></h4>
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You work 50 hours every week, possibly you have a little tyke, despite everything you need to make sure to take out the pooch. How on earth would you be able to cut out some an opportunity to head into a bank office (amid bank hours) and converse with a mortgage expert? A mortgage adviser can come to you and walk you through the majority of the mortgage alternatives accessible, without you lifting a finger. You can take as much time as you have to make inquiries and have the chance to build up a genuine association with your broker, one in which you're a great deal more OK with the money related ramifications of the mortgage decisions displayed. Many brokers will likewise answer telephone calls, messages, and instant messages "night-time."</div>
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Similarly, as with any administration, you'll need to do your due determination keeping in mind the end goal to locate the correct mortgage broker for you. Get suggestions from loved ones, and don't be reluctant to approach the broker for references. Additionally, make sure to do some examination before meeting with your broker so you can get some information about how items apply to your specific data. There is mortgage adviser the whole way across the nation, so begin searching for one preceding your home chase starts, and you'll make certain to get a portion of the best mortgage rates in Canada.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Liable for office work</span></h4>
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Agents are accountable for all sort of red tape. He may support you from utility submission to approval. He'll provide assistance inside the complete state of affairs either for authorities grants and something and so forth. Mortgage advisers in Oxfordshire, Bristol, Liverpool and everywhere are abode to preserve you replace on an each day basis to allow you to recognize the modern repute of your software or paintings. You just need to consciousness for your investment which you need to do once you have a mortgage.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Expert recommendation</span></h4>
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A mortgage adviser can have enough experience in dealing with such form of stuff. He will permit you to realize approximately every step and conscious you in case you are shifting toward loss. He will very well study out the cutting-edge advertising and marketing function and recommend you which of them lender could be appropriate to your utility. We're ensuring right solution for your private home funding.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Allowed to you</span></h4>
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mortgage adviser works on commission and is paid by the banks who at last give you your mortgage. Yet, that doesn't imply that all brokers are cash hungry grubbers who overlook your specific needs. Brokers rely on referrals so as to get business, so it's to their greatest advantage to serve you admirably well. While meeting a mortgage adviser, get some information about their expense structure and how they're remunerated to ensure you're alright with it. There more often than not isn't an out-of-take cost to you. Faultfinders will state that the cost of the adviser is eventually being passed onto the borrower from the loan specialist. Be that as it may, regardless of the possibility that this is the situation, if the loan costs being offered through an adviser are lower than the contenders, despite everything you wind up the victor at last.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Pre-idea approximately creditors credibility</span></h4>
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In case you applied for a loan and also you didn’t get acclaim for so many reasons this may take place handiest due to one scenario if you don’t recognize approximately the contemporary repute of the employer from whom you are lending. So this issue goes to be resolved now along with your dealer. He has got a selected system who will assist you to realize who can provide you with the loan as according to their credibility.</div>
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<span data-mce-style="font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-size: 14pt;">Advising</span></h4>
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Some mortgage items basically aren't accessible to brokers. These have a tendency to be called 'coordinate just' arrangements and are offered by banks and building social orders specifically to their clients. A mortgage adviser even one who can get to 'entire of market' bargains - is probably not going to have the capacity to prompt you about these.</div>
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<span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">Disadvantages of mortgage adviser</span></h3>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Adviser's Interests May Not Align With Your Own</span></h4>
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Your definitive objective in looking for a mortgage is to discover one with a reasonable financing cost and low expenses. You are in it for the whole deal. A mortgage adviser, then again, frequently gets paid a charge from the loan specialist for acquiring the business. This expense can be founded on the measure of the mortgage and will differ among loan specialists. A mortgage adviser's objective, in this way, is to get you into a mortgage that boosts their remuneration. The 2008 market crash uncovered that many brokers were getting their customers into mortgages. The mortgage that they couldn't bear the cost of after some time.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">You May Not Be Getting The Best Deal</span></h4>
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Numerous homebuyers basically accept that a mortgage adviser can convey a superior arrangement than he could get all alone. Yet this is not generally the situation. A few loan specialists may offer homebuyers precisely the same and rates that they offer mortgage brokers. It never damages to look around all alone to check whether your broker is truly offering you an extraordinary arrangement. As specified before, utilizing a mortgage number cruncher is a simple approach to certainty check if your broker is putting forth you a decent arrangement.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">Brokers Often Do Not Guarantee Estimates</span></h4>
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At the point when a mortgage adviser initially gives you offers from banks. He regularly utilizes the expression "great confidence evaluate". This implies the broker trusts that the offer will epitomize the last terms of the arrangement. Yet this is not generally the situation. Now and again, the loan specialist may change the terms in view of your real application. And you may wind up paying a higher rate or extra charges.</div>
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<span data-mce-style="color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-size: 14pt;">A few Lenders Do Not Work With Mortgage Brokers At All</span></h4>
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This is an expanding pattern since 2008, as a few moneylenders are finding that adviser began mortgages will probably go into default than coordinating the loan. By working with an adviser, you might not approach these loan specialists. Some of whom might have the capacity to offer you preferred mortgage terms over you can overcome the broker.</div>
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<span data-mce-style="color: #0000ff; font-size: 14pt;" style="box-sizing: inherit; color: blue; font-size: 14pt;">Ending words</span></h5>
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Those advantages factors are convincing you to have the help of those advisors. Because you're making an investment your money and time and in case you couldn’t achieve mortgage approval. Then it would be difficult for your dream investment. Mortgage adviser who have to have revealed in with the modern-day marketplace. He's having updated expertise about which lender might be great for you. To get rid of such bizarre scams cross for the proper answer. You can even lease such employees from corporations who are offering your guide of specialists.</div>
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<span data-mce-style="color: #993300;" style="box-sizing: inherit; color: #993300;"><strong style="box-sizing: inherit;"><span data-mce-style="color: #800000;" style="box-sizing: inherit; color: maroon;">See more....</span> </strong></span></div>
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<li style="box-sizing: inherit;"><span data-mce-style="color: #000080;" style="box-sizing: inherit; color: navy;"><a data-mce-href="http://www.banktheories.com/2015/04/definition-objectives-advantages-of.html" data-mce-style="color: #000080;" href="http://www.banktheories.com/2015/04/definition-objectives-advantages-of.html" style="box-sizing: inherit; color: navy; text-decoration-line: none;">What is security / Mortgage? </a>Necessity / Importance / Objectives / Advantages of Security / <a data-mce-href="http://www.banktheories.com/2015/04/definition-objectives-advantages-of.html" data-mce-style="color: #000080;" href="http://www.banktheories.com/2015/04/definition-objectives-advantages-of.html" style="box-sizing: inherit; color: navy; text-decoration-line: none;">Mortgage</a>.</span></li>
<li style="box-sizing: inherit;"><span data-mce-style="color: #000080;" style="box-sizing: inherit; color: navy;"><a data-mce-href="http://www.banktheories.com/2015/04/considering-factors-features-elements.html" data-mce-style="color: #000080;" href="http://www.banktheories.com/2015/04/considering-factors-features-elements.html" style="box-sizing: inherit; color: navy; text-decoration-line: none;">Considering Factors / Features / Elements of Good Security/ mortgage of credit.</a></span></li>
<li style="box-sizing: inherit;"><a data-mce-href="http://www.banktheories.com/2015/04/different-types-classification-of.html" href="http://www.banktheories.com/2015/04/different-types-classification-of.html" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><span data-mce-style="color: #000080;" style="box-sizing: inherit; color: navy;">Different types and classification of mortgage / Security.</span></a></li>
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<span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;"><strong style="box-sizing: inherit;"><span data-mce-style="color: #ff0000;" style="box-sizing: inherit; color: red;">Notice !</span></strong></span></div>
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<span data-mce-style="font-size: 14pt;" style="box-sizing: inherit; font-size: 14pt;"><span data-mce-style="color: #800080;" style="box-sizing: inherit; color: purple;">"Thanks for reading this article with your patience and sacrificing your valuable time. I gathered the information with very hard labor for you. If you don't show your opinion by giving like and share, I lost my motivation by which I can provide you the article. So, keep this alive and share regularly. Please take care of yourself also....".</span></span></div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com21tag:blogger.com,1999:blog-3781064339632712289.post-47602908426981200712017-05-20T09:43:00.000-07:002017-05-20T09:56:43.742-07:00How to be performed the ATM skimming? How to secure your ATM card from it?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span data-mce-style="font-size: 14pt; color: #008000; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: green; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">General words</span></h2>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">How is <a href="http://www.banktheories.com/2015/04/atm.html">ATM</a> card skimming? How to protect ATM skimming? Recently, ATM card skimming has increased alarmingly. So, knowing how cybercrimes happen, users can understand how to be safe from them.</span></div>
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<a data-mce-href="http://www.carethyself.com/atm-skimming/atm-skimming-2/" href="http://www.carethyself.com/atm-skimming/atm-skimming-2/" rel="attachment wp-att-1562" style="box-sizing: inherit; color: #252525; outline: 0px; text-decoration-line: none;"><img alt="ATM skimming" class="aligncenter size-full wp-image-1562" data-mce-src="http://www.carethyself.com/wp-content/uploads/ATM-skimming.jpg" src="http://www.carethyself.com/wp-content/uploads/ATM-skimming.jpg" height="442" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="1000" /></a></div>
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<span data-mce-style="color: #008000; font-size: 14pt; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: green; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">What is ATM skimming? </span></h3>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">ATM Skimming (ATM Card Hacking) is a method that uses cyber criminals to take control of your bank account using your ATM card information. And the criminals who are involved in it are called skimmers.</span></div>
<h3 data-mce-style="text-align: justify;" style="box-sizing: inherit; clear: both; color: #333333; font-family: Oxygen, Tahoma, Arial; text-align: justify;">
<span data-mce-style="color: #008000; font-size: 14pt; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: green; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">How to skimming?</span></h3>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">The schemers usually skimming using three things in three steps of skimming.</span></div>
<ol style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; list-style-image: initial; list-style-position: initial; margin: 0px 0px 1.5em; padding: 0px 0px 0px 1.25em;">
<li data-mce-style="text-align: justify;" style="box-sizing: inherit; text-align: justify;">Skimming devices.</li>
<li data-mce-style="text-align: justify;" style="box-sizing: inherit; text-align: justify;">Stolen Pincode or password.</li>
<li data-mce-style="text-align: justify;" style="box-sizing: inherit; text-align: justify;">Using fake ATM card.</li>
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<a data-mce-href="http://www.carethyself.com/atm-skimming/how-to-skimming/" href="http://www.carethyself.com/atm-skimming/how-to-skimming/" rel="attachment wp-att-1563" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="how to skimming" class="aligncenter wp-image-1563" data-mce-src="http://www.carethyself.com/wp-content/uploads/How-to-skimming.jpg" src="http://www.carethyself.com/wp-content/uploads/How-to-skimming.jpg" height="338" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="675" /></a></div>
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<span data-mce-style="color: #ff0000; font-size: 14pt; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: red; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">Skimming devices:</span></h4>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">The schemers will set up their skimming devices wherever you press the ATM card at the booth's slot. This device is capable of sending information to the skimmers without being too small and no connection. The skimmer stays around the booth, and he has another receiver that can accept the data of the skimming device. When the victim punches the slot card, the small device attached to the slot will then steal all the information of the magnetic portion of the card and send it to the skimmer.</span></div>
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<span data-mce-style="color: #ff0000; font-size: 14pt; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: red; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">Stolen Pincode:</span></h4>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">The skimmer has got all the information stored on your card. But you also need your Pincode to take full control of your bank account. For this reason, the schema key is placed on the keypad and placed a hidden cam in the booth. Or the keypad may have a fake keypad placed on the keypad, which will send the information you have pressed to the scheme.</span></div>
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<span data-mce-style="color: #ff0000; font-size: 14pt; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: red; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">Using fake ATM card:</span></h4>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">Now the scheme will create a fake skimming card with the data from the skimming device. That's right, the job is over. Now the skimmer is able to take full control of your account using this fake credit card and PIN.</span></div>
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<span data-mce-style="color: #008000; font-size: 14pt; font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; color: green; font-family: "helvetica" , "arial" , sans-serif; font-size: 14pt;">Some tips for ATM card users</span></h2>
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<a data-mce-href="http://www.carethyself.com/atm-skimming/some-tips-for-atm-card-users/" href="http://www.carethyself.com/atm-skimming/some-tips-for-atm-card-users/" rel="attachment wp-att-1567" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;"><img alt="Some-tips-for-ATM-card-users" class="aligncenter size-full wp-image-1567" data-mce-src="http://www.carethyself.com/wp-content/uploads/Some-tips-for-ATM-card-users.jpg" src="http://www.carethyself.com/wp-content/uploads/Some-tips-for-ATM-card-users.jpg" height="500" style="box-sizing: inherit; clear: both; display: block; height: auto; margin-left: auto; margin-right: auto; max-width: 100%;" width="1000" /></a></div>
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1) Keep an eye on the booths. Keep in mind that Whether there are any cameras on the keyboard or not.</div>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">2) Be careful while punching the slot of the </span>card<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">. Please inform the bank authorities if you feel pressured to apply slots in the slot rather than normal.</span></div>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">3) Be careful of is the keypad unusual?</span></div>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">4) Cover the keypad of ATM with Keeping your hands while typing pin code or password.</span></div>
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">5) Keep in mind that if something suspicious is connected to the card slot area.</span></div>
<div data-mce-style="text-align: justify;" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">6) If you see such suspicious, quickly inform the bank authorities and law enforcement agencies.</span></div>
<div data-mce-style="text-align: justify;" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;">7) Be careful. Have safe from ATM skimming and conduct secure transactions.</span><br />
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<span data-mce-style="font-family: helvetica, arial, sans-serif;" style="box-sizing: inherit; font-family: "helvetica" , "arial" , sans-serif;"><a href="http://account%20hacking/">See more.....</a></span></div>
</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com223tag:blogger.com,1999:blog-3781064339632712289.post-75135041390880566602017-05-16T08:32:00.000-07:002017-05-16T09:38:12.391-07:00How to Make or Open an LC (Letter of Credit)?<div dir="ltr" style="text-align: left;" trbidi="on">
<h2 data-mce-style="text-align: justify;" style="box-sizing: inherit; clear: both; color: #333333; font-family: Oxygen, Tahoma, Arial; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-family: "tahoma" , "arial" , "helvetica" , sans-serif; font-size: 14pt;">General words of LC</span></h2>
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<a href="https://2.bp.blogspot.com/-ElDRGMwIEwM/WRsa4G-FOwI/AAAAAAAAC4M/fxJvcGORWcE_9JSkLirneyHPHngzY1v5ACLcB/s1600/LC-process.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="287" src="https://2.bp.blogspot.com/-ElDRGMwIEwM/WRsa4G-FOwI/AAAAAAAAC4M/fxJvcGORWcE_9JSkLirneyHPHngzY1v5ACLcB/s400/LC-process.jpg" width="400" /></a></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif; font-size: 14pt; color: #008000;" style="box-sizing: inherit; color: green; font-family: "tahoma" , "arial" , "helvetica" , sans-serif; font-size: 14pt;"><br /></span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">In this age of globalization, almost all types of business are international trade. for most cases, customers and dealers don't know anyone. Here, the seller has a risk. To avoid this risk, international buyers want these letter of credit.</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">If you want to import any commodity from abroad, you must make a letter of credit through the bank. LC is the only legal way for international trade. Through the LC, merchants import and export goods from one country to another.</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif; color: #008000;" style="box-sizing: inherit; color: green; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><br /></span></h3>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif; color: #008000;" style="box-sizing: inherit; color: green; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">What needs to do LC?</span></h3>
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<a href="https://2.bp.blogspot.com/-SmmVTPSZl34/WRsqtKpy6HI/AAAAAAAAC4c/AOdXlS2gS689Nld1htvBLhD7WATZ8r48gCLcB/s1600/LC-system.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="228" src="https://2.bp.blogspot.com/-SmmVTPSZl34/WRsqtKpy6HI/AAAAAAAAC4c/AOdXlS2gS689Nld1htvBLhD7WATZ8r48gCLcB/s640/LC-system.jpg" width="640" /></a></div>
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<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;"><br /></span></span>
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">(1)</span> To make a letter of credit, a trader will first need a trade license and it must be updated.</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">(2)</span> The latest audit report</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">(3)</span> An IRC-Import Registration Certificate</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">(4)</span> Membership certificate from the local trade chamber or related association</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">(5)</span> Income tax declaration or income tax declaration for a new organization</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;">(6)</span> VAT registration certificate</span></div>
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<span data-mce-style="color: #0000ff;" style="box-sizing: inherit; color: blue;"><span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">The documents have to be collected </span>before<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"> the application for LC.</span></span></h4>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">The applicant has to collect the documents mentioned before the application forLC.</span> There will also be some other documentation needed:</div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(1) </span>LC application form also.</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(2)</span> Indent / Performance Invoice (PI) / Purchase Order / Purchase Agreement.</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(3)</span> Proper and properly executed charge documents</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(4)</span> Properly sealed and signed LC approval form (LCAF)</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(5) <span data-mce-style="color: #333333;" style="box-sizing: inherit; color: #333333;">Even</span></span> Insurance notes</span></div>
<div data-mce-style="text-align: justify;" dir="ltr" style="box-sizing: inherit; color: #333333; font-family: Oxygen, Tahoma, Arial; font-size: 16px; margin-bottom: 1.5em; text-align: justify;">
<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">After collecting these papers, the documents will be submitted to the bank who is willing to do a letter of credit. Of course, there must be an account with the bank. The bank will check the papers. For this, the bank will take a few days. After all the work of LC will be informed from the bank.</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif; color: #008000;" style="box-sizing: inherit; color: green; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">LC deals with the bank</span></h3>
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Initially<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">, the bank will have to pay the full amount. Suppose LC Value is $ 20,000. At the </span>bank<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">, you have to deposit 1.6 million. However, gradually increasing the business with the bank, letter of credit should be opened with 10-20% margin. There should be some other documents with money. Such as:</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">3 or 4 copies of all paper (Trade license, Tin, Croce, IRC) Indent / Pi of your company. Bank Credit Report of the Company's Company Insurance Cover Note (It will be paid by showing the Indent in any insurance company)</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">Then the bank will give you a copy of LC. The originals will send to the supplier abroad.</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif; color: #008000; font-size: 14pt;" style="box-sizing: inherit; color: green; font-family: "tahoma" , "arial" , "helvetica" , sans-serif; font-size: 14pt;">How to deal with LC</span></h3>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">For all business transactions, there are two parties, one </span>buyer<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"> and one seller. Therefore, The transaction will be processed through LC</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(1)</span> The buyer will first contact the seller</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(2)</span> The bank will contact the bank that is willing to make LCs</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(3)</span> Send from the issued LC Bank to the Vendor Consulting Bank</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(4)</span> Vendor advisory banks will send the letter of credit documents to the vendor</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(5)</span> View the papers and tell the seller the date of the purchase. And as soon as the dealer will show all the documents dealing with the consulting bank.</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(6)</span> Send the banking bank papers to the bank in which the customer has made the letter of credit</span><span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">.</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;"><span data-mce-style="color: #3366ff;" style="box-sizing: inherit; color: #3366ff;">(7)</span> After reviewing the papers, the letter of credit will send the clearance of the issued bank transaction to the counseling bank. And at the same time send a clearance to the buyer and Counseling banks will send a clearance to the seller.</span></div>
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<span data-mce-style="font-family: tahoma, arial, helvetica, sans-serif;" style="box-sizing: inherit; font-family: "tahoma" , "arial" , "helvetica" , sans-serif;">After getting clearance, finally, the buyer-seller is ready for the transaction which <a data-mce-href="http://www.banktheories.com/2015/04/definition-importance-of-foreign.html" href="http://www.banktheories.com/2015/04/definition-importance-of-foreign.html" style="box-sizing: inherit; color: #1585b5; text-decoration-line: none;">supports to foreign exchange.</a></span></div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com56tag:blogger.com,1999:blog-3781064339632712289.post-72871417913728877002017-03-05T07:06:00.001-08:002017-03-05T07:06:26.979-08:00Banking governance: Basel 3 and our reality.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "verdana" , sans-serif;">Banking governance: Basel 3 and our reality is After the US subprime scandal, Basel Committee was introduced and government came forward to save and take enlightenment to the crumbling banks of The global financial crisis in 2007. In order to tackle the emergency losses, the minimum capital tied up in the banks through Basel 2 was not enough. The formation of Basel-2.5 and Basel-3 are from this perception. At the first quotation, the definition of market risk has been revised in which the capital increasing of all the banks engaged in the trading business is to be tried. Sesoktatite capital preservation has set a new standard, which will be fully implemented in 2019.</span></div>
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<span style="font-family: Verdana, sans-serif;">The quality of bank capital and to maintain continuity, by taking additional loans from the banks to stop investing in risk-based capital protection, short-term funds to reduce dependence on the banks (of the subprime crisis situation such funds must pay more made vulnerable), and the financial health of banks, to be published.</span><br />
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<span style="font-family: "verdana" , sans-serif;">Given the financial crisis that shook the world in terms of the failure of many opinions, but <a href="http://www.banktheories.com/2016/07/risks-facing-by-financial-institutions_13.html">Basel-II</a> True, it did not take some risk during the period, the banks did not have the capacity to manage. Oxford University researcher Ranjit Lal's comment is significant in this context; Basel II is not a solution to the current chaos, rather than the underlying causes.Greek security expert 'Dmitry Cheraphese' Basel-II was responsible for the failure of several reasons: the implementation of the long delay, given the freedom to amend the commercial banks, more dependency on the independent rating agency to verify credit susceptibility.</span></span><br />
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<span style="font-family: Verdana, sans-serif;">According to him, the strict surveillance of the advantage gained from Basel II, but it is apparent that there is flexibility for the banks. Dmitry Basel III in his famous book, The Devil in Global Banking and wrote, The government and the regulators, the nondescript (hybrid) capital risks, customer credit ratings and tasteless speculation activities include the financial means to do was sit and pretend to be disabled, The non-stop money machines to meet social or commercial purposes, rather than for the sake of his work has been. Curiously forgot to commercial banks, their first and foremost role of the institution as a recipient of deposits'. Dmitry laments this critical moment that 2007 of the world's financial regulatory institutions, as well as the US subprime symptoms and then, pointed to the government, it is clear Because he meant 'tasteless financial instrument '(unsavory Financial Instruments) to paint the name on the credit equipment mean the high plunderer. So the American glass-Steagall act Basel-3 through legislation, says the need for global restoration.</span><br />
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<span style="font-family: Verdana, sans-serif;">General readers should be built, in 1929 the high declination of American stock market policymakers quarter after the Great Depression and later realized, the mastermind of this disaster commercial banks. Because they ignore the main banking activities were more enthusiastic to invest in the share market. Even as the share of its own capital investment, the depositors' money by investing in a high unlimited risk.Such activity was made in 1933 to prevent the banks from the glass-Steagall act, which is a clear line between the commercial banks and investment banks is made. It was abolished in 1999, 66 years after the enactment of the law against a new law was introduced, allowing banks to own stock brokerage houses are able to invest.</span><br />
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<span style="font-family: Verdana, sans-serif;">However, the bank's huge capital and a large share of the activities that could contribute to the immense body has to draw the line between banks and investment banks. This line is not very effective because the Banking Act reinstated Dmitry glass-Steagall claimed. Dmitry wrote in his book, Commercial banking is not a secure individual, family or organization can not be confident about the security of their money deposited in the bank to be able to make payments, settlement, money transfer, or credit clearing to rely on.</span><br />
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<span style="font-family: Verdana, sans-serif;">To prevent or to manage this type of financial mismanagement and corruption, a substantial amount of capital banks must keep in reserve for the implementation of the introduction of Basel -3.Because taxpayer money to rescue banks capital deficit able repetition is not recommended. Basel-II capital than the Basel-3 in the re-definition of the important elements of the system has been further integrated. Designation of new capital from the third level (Tier 3), besides the capital (Tier 1) and the second level (Tier II) capital has been kept in order to strengthen the first level.</span><br />
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<span style="font-family: Verdana, sans-serif;">According to the document of <a href="http://www.banktheories.com/2016/07/risks-facing-by-financial-institutions_13.html">Basel-3</a>, the first level capital is 'Going-Concern Capital'. It's two parts again, common equity tier (level) 1 and the additional (additional) level 1. The first will be paid up capital, share premium, statutory reserves, general reserves and undistributed profit (retained earning), and so on. According to the document, the second level of public capital -3 Basel Capital Concern. In addition, the liquidity crisis banks have been prepared to uphold the protection of liquidity ratio (liquidity coverage ratio) and net stable funding ratio (net stable funding ratio). A month-long crisis in the first period and the second is to preserve liquidity necessary to meet the one-year liquidity provision system.</span><br />
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<span style="font-family: "verdana" , sans-serif;"><span style="font-family: Verdana, sans-serif;">This document does not go into the technical details of the new word is, it's such a mechanism, through which banks during the financial crisis, with its capital in order to cope with adverse circumstances. In order to ensure the safety of these banks will be enough to save the capital.</span></span><br />
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<span style="font-family: Verdana, sans-serif;"><span style="font-family: "trebuchet ms" , sans-serif;">Another notable Loading documents Basel</span><span style="font-family: "trebuchet ms" , sans-serif;">-3</span><span style="font-family: "trebuchet ms" , sans-serif;"> minimum capital treasures of additional capital (Capital Conservation Buffer), which can be tackled with a crisis situation, the lack of capital. The banks will have to create a buffer from its own sources, namely the distribution of dividends, repurchase of its own shares, bonus, etc. employees.If capital can be collected from other sources, it is possible to create these additional buffer. As part of the implementation of the Basel-3, from 2016 to dec-2019 </span>this additional capital like respectively .625%, 1.25%, 1.875%, 2.5% have to be reserved.</span><br />
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<span style="font-family: Verdana, sans-serif;"><span style="font-family: "trebuchet ms" , sans-serif;">If any of the banks to maintain capital above the minimum rate of all sectors of the buffer may not be the bank of any cash dividend or bonus will not be able to pay. However, only with the prior approval of the Central Bank will be able to issue bonus shares. Thus, in various sectors and the provision of capital by maintaining a minimum capital adequacy rate </span>from 2016 to since 2019 will be respectively 10.625 %, 11.25 %, 11.875 % & 12.50 %. </span><br />
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<span style="font-family: Verdana, sans-serif;"><span style="font-family: "trebuchet ms" , sans-serif;">Basel-3 under the instruction has been given to the preservation of capital, the arguments against him have been raised from various banks and government, Dmitry them in his book merely for their political gains, 'hypocrisy', argues strongly criticized. He is the Chief Financial Officer for the failure of the Basel capital instrument, the chief executive and managers responsible for maintaining the provisions criticized, It is the capital adequacy of the budget and the actual achievements to constant surveillance. </span><span style="font-family: "trebuchet ms" , sans-serif;">Basel</span><span style="font-family: "trebuchet ms" , sans-serif;">-3 Full implementation of the period until 2019, he expressed dissatisfaction with the prolonged. According to him, the 'now' should be implemented. It is the implementation of the long-term and other incoherence, he has called 'great compromise' as well.</span></span><br />
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<span style="font-family: Verdana, sans-serif;">His book does not show much Dimitri anger, Bangladesh Feel free to talk in terms of the Basel document set a minimum capital of 8 percent, but the rates have been set for our banks to 10 percent, up 1 percent to 50 percent in 2019 with buffered capital. We, like other countries, to protect the capital from the Basel Committee for concessions did not eve. Dmitry dissatisfaction or concern does not apply to us for our banking profits should smugness.</span><br />
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<span style="font-family: Verdana, sans-serif;">Junk credit rating agencies by the start-up of some of our financial health of the bank or the borrower's corporate credit rating of some banks in the developed world compared to the apparently acceptable, though bargaining our banking situation is not too strong.The new generation of banks that preserve capital in difficult conditions to protect the shore can not play at all, we will continue with the truth so that the banks can manage their own capital without any adverse situation.</span></div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com7tag:blogger.com,1999:blog-3781064339632712289.post-14448199831360548732017-02-12T08:40:00.001-08:002017-02-14T23:31:18.751-08:00Data security <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #990000;">In this article various topics like Data security, Electronic Payment System, Laser Printers, Inkjet Printers, Dot Matrix Printers, Number System, Number System,binary code, Digital Signature, Unicode, ICT Audit, Phishing, antivirus software, Audit Trail, MICR etc have been disclosed with detail. Let's know the detail.</span></div>
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<b><span style="color: blue;">Data security through Encryption & Decryption.</span></b></h3>
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In cryptography, encryption is the process of encoding messages (or information) in such a way that third parties cannot read it, and only authorized parties can. Encryption doesn't prevent hacking but it prevents the hacker from reading the data that is encrypted. In an encryption scheme, the message or information (referred to as plain-text) is encrypted using an encryption algorithm, turning it into an unreadable cipher-text (ibid.). This is usually done with the use of an encryption key, which specifies how the message is to be encoded. Any adversary that can see the cipher-text should not be able to determine anything about the original message. An authorized party, however, is able to decode the cipher-text using a decryption algorithm, that usually requires a secret decryption key, that adversaries do not have access to. For technical reasons, an encryption scheme usually needs a key-generation algorithm to randomly produce keys.</div>
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To encrypt more than a small amount of data, symmetric encryption is used. A symmetric key is used during both the encryption and decryption processes. To decrypt a particular piece of ciphertext, the key that was used to encrypt the data must be used. </div>
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The goal of every encryption algorithm is to make it as difficult as possible to decrypt the generated ciphertext without using the key. If a really good encryption algorithm is used, there is no technique significantly better than methodically trying every possible key. For such an algorithm, the longer the key, the more difficult it is to decrypt a piece of ciphertext without possessing the key.</div>
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It is difficult to determine the quality of an encryption algorithm. Algorithms that look promising sometimes turn out to be very easy to break, given the proper attack. When selecting an encryption algorithm, it is a good idea to choose one that has been in use for several years and has successfully resisted all attacks.</div>
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<span style="color: blue;">Laser Printers Inkjet Printers Dot Matrix Printers.</span></h3>
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<span style="background: white; color: #c00000; font-size: 14.0pt;">Points<o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 18.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><h4 style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 3; text-align: justify;">
<span style="color: #c00000; font-family: "times new roman" , "serif"; font-size: 14.0pt;">Laser Printers </span></h4>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 18.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><h4 style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="color: #c00000; font-size: 14.0pt;">Inkjet Printers </span></h4>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 18.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<h4>
<span style="color: #c00000; font-size: 14.0pt;">Dot Matrix Printers</span></h4>
</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Invented </span><span style="background: white;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">1969 by Gary Stark weather.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Developed in the early 1950s.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Introduced by Digital Equipment
Corporation in 1970<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">How it works<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Laser printers use fine ink powder
and heat the powder on the paper.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-size: 13.5pt;">Inkjet printers spray liquid ink on paper through microscopic nozzles<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Dot Matrix works having pins pushed against an ink soaked
ribbon to paper.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Types<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Personal and Office <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">printers. Black and White or color
printers.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-size: 13.5pt;">Continuous (CIJ) and drop-on demand
(DOD).<o:p></o:p></span></div>
<div style="margin: 0in 0in 0.0001pt; text-align: left;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Serial Dot Matrix printers and Line
Dot Matrix.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Price per page<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">USD 0.6 for black and white page. Much
higher for a color page.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">USD 0.20 color page; USD 0.4-0.5
black & white page.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Copies are quite cheap.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Cost for basic printer<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Approximately USD 60-1000, depending on
the size and use of the printer.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Approximately USD 100-150<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Basic cost of printer is quite expensive. Compared to an inkjet, dot matrix can cost between two to ten
times more.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 33.7pt; mso-yfti-irow: 6;">
<td style="border-top: none; border: solid black 1.0pt; height: 33.7pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 33.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Printing speed </span><span style="background: white;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 33.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">20 pages a minute.</span><span style="background: white;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 33.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">6 pages a minute.</span><span style="background: white;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 33.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">30-550 characters per second<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 62.5pt; mso-yfti-irow: 7;">
<td style="border-top: none; border: solid black 1.0pt; height: 62.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 62.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Quality<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 62.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Printing quality is adequate. Best
for black and white.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 62.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Printing quality is good, especially
for smaller fonts.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 62.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Printing quality is bad if printing images. In terms
of text, printing is fine.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Color Printing<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Basic models only offer black and
white, with higher models providing color printing.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Yes provides color printing.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Limited color printing.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Color Quality<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Color quality is a bit poor, with
banding.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Color printing is sharp and excellent.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Only works best with lowers images<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">10<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Size<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Smaller is available but is more
common in larger sizes.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Smaller and more <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">compact.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-size: 13.5pt;">Size ranges depending on usage. New compact ones </span><span style="font-size: 13.5pt;">are also available</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">11<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Features<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Offers scanners and faxing machines
built in. Has bigger input trays, direct connecting
facilities </span><span style="font-size: 13.5pt;">(wireless)</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Can be used for wider range of papers
(photo paper, vinyl, self-adhesive </span><span style="font-size: 13.5pt;">papers), accurate </span><span style="font-size: 13.5pt;">photographic images, ink is not
waterproof.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Used for a variety of purposes. Can
print on various types of papers.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">12<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Usage<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Most commonly used for commercial purposes and places that require black <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">and white printing.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="font-size: 13.5pt;">More commonly used for homes as the
unit is smaller and ink is cheaper.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Used to be used for office uses,
but now only used by select places such as </span><span style="font-size: 13.5pt;">banks.</span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">13<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Maintenance <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Expensive <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Cheaper <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Expensive, parts are hard to come
by.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 26.55pt;" valign="top" width="35"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">14<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.95pt;" valign="top" width="127"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Advantages <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 130.5pt;" valign="top" width="174"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Prints faster, bigger input trays.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.75in;" valign="top" width="168"><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: 13.5pt;">Quieter in operation, high print
quality, no warm up time, low cost per page.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 121.5pt;" valign="top" width="162"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Cheaper to print as ribbon is
cheap.<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div style="margin: 0in 0in 0.0001pt;">
<span style="font-size: 13.5pt;">.<o:p></o:p></span></div>
<div style="margin: 0in 0in 0.0001pt;">
<span style="font-size: 13.5pt;">.<o:p></o:p></span></div>
<br />
<div class="MsoNormal">
<h3>
<span style="color: blue;">Number System.</span></h3>
</div>
</div>
<div style="text-align: justify;">
When we type some letters or words, the computer translates them in numbers as computers can understand only numbers. A computer can understand positional number system where there are only a few symbols called digits and these symbols represent different values depending on the position they occupy in the number.</div>
<div style="text-align: justify;">
A value of each digit in a number can be determined using:</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The digit</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The position of the digit in the number</div>
<div style="text-align: justify;">
<span style="color: red;"><b></b></span> The base of the number system (where base is defined as the total number of digits available in the number system).</div>
<h4 style="text-align: justify;">
<span style="color: purple;">Decimal Number System</span></h4>
<div style="text-align: justify;">
The number system that we use in our day-to-day life is the decimal number system. Decimal number system has base 10 as it uses 10 digits from 0 to 9. In decimal number system, the successive positions to the left of the decimal point represent units, tens, hundreds, thousands and so on. Each position represents a specific power of the base (10). For example, the decimal number 1234 consists of the digit 4 in the units position, 3 in the tens position, 2 in the hundreds position, and 1 in the thousands position, and its value can be written as</div>
<div style="text-align: justify;">
(1x1000)+ (2x100)+ (3x10)+ (4xl)</div>
<div style="text-align: justify;">
(1x103)+ (2x102)+ (3x101)+ (4xl00)</div>
<div style="text-align: justify;">
1000 + 200 + 30 + 4</div>
<div style="text-align: justify;">
1234</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
As a computer programmer or an IT professional, you should understand the following number systems, which are frequently used in computers.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-5GMOvZTgzvw/WJ9C6iT9feI/AAAAAAAACgg/xK5BXyvKzUAierial7mJf0LPqPcDkT5fQCLcB/s1600/16640539_675324619312064_7373802246297420098_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="179" src="https://1.bp.blogspot.com/-5GMOvZTgzvw/WJ9C6iT9feI/AAAAAAAACgg/xK5BXyvKzUAierial7mJf0LPqPcDkT5fQCLcB/s640/16640539_675324619312064_7373802246297420098_n.jpg" width="640" /></a></div>
<b><br /></b>
<br />
<h4>
<b><span style="color: purple;">Binary Number System</span></b></h4>
</div>
<div style="text-align: justify;">
Characteristics</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Uses two digits, 0 and 1.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Also called base 2 number system.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Each position in a binary number represents a 0 power of the base (2). Example, 20.</div>
<div style="text-align: justify;">
<b><span style="color: red;"> </span></b>Last position in a binary number represents a x power of the base (2). Example, 2x</div>
<div style="text-align: justify;">
where x represents the last position -</div>
<br />
<div dir="ltr">
</div>
<div style="text-align: justify;">
Example</div>
<div style="text-align: justify;">
Binary Number: 10101<span style="font-size: xx-small;">2</span></div>
<div style="text-align: justify;">
Calculating Decimal Equivalent:<br />
<a href="https://3.bp.blogspot.com/-Fxc98t1CUtY/WJ9DYsrE7JI/AAAAAAAACgo/pT9XYB33o3AYfiefZySbtdtFB6yebClbgCLcB/s1600/16602891_675324665978726_7115218963065359280_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" height="217" src="https://3.bp.blogspot.com/-Fxc98t1CUtY/WJ9DYsrE7JI/AAAAAAAACgo/pT9XYB33o3AYfiefZySbtdtFB6yebClbgCLcB/s640/16602891_675324665978726_7115218963065359280_n.jpg" width="640" /></a></div>
<div style="text-align: justify;">
<br />
Note: 101012 is normally written as 10101.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Octal Number System</span></h4>
</div>
<div style="text-align: justify;">
<b>Characteristics</b></div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Uses eight digits: 0, 1, 2, 3, 4, 5, 6, 7.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Also called base 8 number system.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Each position in a octal number represents a 0 power of the base (8). Example, 80.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Last position in a octal number represents a x power of the base (8). Example, 8x where x represents the last position - 1.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Example</b></div>
<div style="text-align: justify;">
Octal Number: 12570<span style="font-size: xx-small;">8</span></div>
<div style="text-align: justify;">
Calculating Decimal Equivalent:<br />
<br /></div>
<div style="text-align: justify;">
<a href="https://1.bp.blogspot.com/-66ICMzaTEgA/WJ9CK65jorI/AAAAAAAACgc/MiIfBpAufa8ZvFGQky2YwtFI1nb0NSP4wCLcB/s1600/16508944_675324695978723_5275914924193487444_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" height="182" src="https://1.bp.blogspot.com/-66ICMzaTEgA/WJ9CK65jorI/AAAAAAAACgc/MiIfBpAufa8ZvFGQky2YwtFI1nb0NSP4wCLcB/s640/16508944_675324695978723_5275914924193487444_n.jpg" width="640" /></a></div>
<div style="text-align: justify;">
Note: 125708 is normally written as 12570.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Hexadecimal Number System</span></h4>
</div>
<div style="text-align: justify;">
<b>Characteristics</b></div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Uses 10 digits and 6 letters: 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, A, B, C, D, E, F.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Letters represent numbers starting from 10. A = 10. B = 11, C = 12, D = 13, E = 14, F = 15.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Also called base 16 number system.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Each position in a hexadecimal number represents a 0 power of the base (16). Example, 160.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Last position in a hexadecimal number represents a x power of the base (16). Example, 16x where x represents the last position - 1</div>
<br />
<div dir="ltr">
</div>
<div style="text-align: justify;">
<b>Example</b></div>
<div style="text-align: justify;">
Hexadecimal Number: 19FDE<span style="font-size: xx-small;">16</span></div>
<div style="text-align: justify;">
Calculating Decimal Equivalent:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-Z2ss67ecZdE/WJ9GrnDkXfI/AAAAAAAACg4/IZmSynUT-hQoKu_-ZAU4LyuIgjVOFvQCgCLcB/s1600/16602934_675844719260054_7854943055821592330_n.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="228" src="https://1.bp.blogspot.com/-Z2ss67ecZdE/WJ9GrnDkXfI/AAAAAAAACg4/IZmSynUT-hQoKu_-ZAU4LyuIgjVOFvQCgCLcB/s640/16602934_675844719260054_7854943055821592330_n.jpg" width="640" /></a></div>
<br /></div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">Number System.</span></h3>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
</div>
A parity bit, or check bit, is a bit added to the end of a string of binary code that indicates whether the number of bits in the string with the value one is even or odd. Parity bits are used as the simplest form of error detecting code. There are two variants of parity bits: even parity bit and odd parity bit. In case of even parity, the parity bit is set to 1 if the count of ones in a given set of bits (not including the parity bit) is odd, making the count of ones in the entire set of bits (including the parity bit) even. If the count of ones in a given set of bits is already even, it is set to a 0. When using odd parity, the parity bit is set to 1 if the count of ones in a given set of bits (not including the parity bit) is even, making the count of ones in the entire set of bits (including the parity bit) odd. When the count of set bits is odd, then the odd parity bit is set to 0.<br />
<br />
If the parity bit is present but not used, it may be referred to as mark parity (when the parity bit is always 1) or space parity (the bit is always 0).</div>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://4.bp.blogspot.com/-k4Fo59KwQC4/WJ9G6gjHGUI/AAAAAAAACg8/be8Em4cVpj4cQbsJWbiQaUjHtCmkPDn3QCLcB/s1600/16602703_675324755978717_5004097798550771471_n.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="171" src="https://4.bp.blogspot.com/-k4Fo59KwQC4/WJ9G6gjHGUI/AAAAAAAACg8/be8Em4cVpj4cQbsJWbiQaUjHtCmkPDn3QCLcB/s400/16602703_675324755978717_5004097798550771471_n.jpg" width="400" /></a></div>
A parity bit is a single bit added to a binary data transmission used to indicate if whether the 0's and 1's within that data transmission is an even or odd number. The parity bit is used in parity error checking to find errors that may occur during data transmission. In the picture to the right, is an example of a 8-bit binary number with the ninth digit being the parity bit.</div>
<h3 style="text-align: justify;">
<span style="color: blue;"><br />ASCII, BCD, UNICODE</span></h3>
<h4 style="text-align: left;">
<span style="color: purple; text-align: justify;">**ASCII : </span></h4>
<div style="text-align: justify;">
ASCII codes represent text in computers, communications equipment, and other devices that work with text. ASCII, pronounced "ask-ee" is the acronym for American Standard Code for Information Interchange. It's a set of characters which, unlike the characters in word processing documents, allow no special formatting like different fonts, bold, underlined or italic text. ASCII is computer code for the interchange of information between terminals.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
An "ASCII file" is a data or text file that contains only characters coded from the standard ASCII character set. Characters 0 through 127 comprise the Standard ASCII Set and characters 128 to 255 are considered to be in the Extended ASCII Set. These codes, however, may not be the same in all computers and files containing these characters may not display or convert properly by another ASCII program. ASCII characters are the ones used to send and receive email.</div>
<div style="text-align: justify;">
<h4>
<br />**<b><span style="color: purple;">The reflected binary code</span></b></h4>
</div>
<div style="text-align: justify;">
It is also known as Gray Code after Frank Gray, is a binary numeral system where two successive values differ in only one digit.The reflected binary code was originally designed to prevent spurious output from elector-mechanical switches. Today, Gray codes are widely used to facilitate error correction in digital communications such as digital terrestrial television and some cable TV systems. This is a variable weighted code and is cyclic. This means that it is arranged so that every transition from one value to the next value involves only one bit change. The gray code is sometimes referred to as reflected binary, because the first eight values compare with those of the last 8 values, but in reverse order. The gray code is often used in mechanical applications such as shaft encoders. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">**Unicode</span> </h4>
Unicode is an industry standard allowing computers to represent & manipulate text expressed in any of the world’s writing systems. It consists of about 10000 characters, a set of code charts for visual reference, an encoding methodology and a set of character encoding, rules, etc. It allows for combining characters as it contains precomposed versions of most letter combinations in normal use. This makes conversion to and from encoding simpler. It covers almost all scripts like Arabic, Bengali, Greek, Hebrew, Latin, Gujrati, etc. It is used in operating systems, email, web, fonts, etc.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
**Binary coded decimal (BCD) is a system of writing numerals that assigns a four-digit binary code to each digit 0 through 9 in a decimal (base-10) numeral. The four-bit BCD code for any particular single base-10 digit is its representation in binary notation, as follows:<br />
<br /></div>
<div style="text-align: justify;">
0 = 0000</div>
<div style="text-align: justify;">
1 = 0001</div>
<div style="text-align: justify;">
2 = 0010</div>
<div style="text-align: justify;">
3 = 0011</div>
<div style="text-align: justify;">
4 = 0100</div>
<div style="text-align: justify;">
5 = 0101</div>
<div style="text-align: justify;">
6 = 0110</div>
<div style="text-align: justify;">
7 = 0111</div>
<div style="text-align: justify;">
8 = 1000</div>
<div style="text-align: justify;">
9 = 1001</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Numbers larger than 9, having two or more digits in the decimal system, are expressed digit by digit. For example, the BCD rendition of the base-10 number 1895 is 0001 1000 1001 0101. The binary equivalents of 1, 8, 9, and 5, always in a four-digit format, go from left to right.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The BCD representation of a number is not the same, in general, as its simple binary representation. In binary form, for example, the decimal quantity 1895 appears as 11101100111. Other bit patterns are sometimes used in BCD format to represent special characters relevant to a particular system, such as sign (positive or negative), error condition, or overflow condition.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The BCD system offers relative ease of conversion between machine-readable and human readable numerals. As compared to the simple binary system, however, BCD increases the circuit complexity. The BCD system is not as widely used today as it was a few decades ago, although some systems still employ BCD in financial applications. Inter-Branch Reconciliation: Inter-branch reconciliation is a major activity for banks and financial institutions looking to create a balanced co-ordination between their various branches and their activities. Inter-branch reconciliation can help the organisation discover any errors or negligence in transactions and make due changes.</div>
<h3 style="text-align: justify;">
<span style="color: blue;"><br />Information and communications technology (ICT) Audit.</span></h3>
<h4 style="text-align: justify;">
<span style="color: purple;">ICT Audit</span></h4>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-3t2LLA5WKyI/WKCNQhGBgMI/AAAAAAAACiM/BNQY36y8yf8-8Rh-KuFYMeFSCOFac7d-gCLcB/s1600/audit1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://1.bp.blogspot.com/-3t2LLA5WKyI/WKCNQhGBgMI/AAAAAAAACiM/BNQY36y8yf8-8Rh-KuFYMeFSCOFac7d-gCLcB/s1600/audit1.jpg" /></a></div>
ICT audit is the process of collecting and evaluating evidence to determine whether a computer system has been designed to maintain data integrity, safeguard assets, allows organisational goals to be achieved effectively and uses resources efficiently. An effective information system leads the organisation to achieve its objectives and an efficient information system uses minimum resources in achieving the required objectives. IT auditors must know the characteristics of users of the information system and the decision-making environment in the auditee organisation while evaluating the effectiveness of any system.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Use of computer facilities has brought about radically different ways of processing, recording and controlling information and has combined many previously separated functions. The potential for material systems error has thereby been greatly increased causing great costs to the organisation. The highly repetitive nature of many computer applications means that small errors may lead to large losses. For example, an error in the calculation of income tax to be paid by employees in a manual system will not occur in each case, but once an error is introduced in a computerized system, it will affect each case. This makes it imperative for the auditor to test the invisible processes and to identify the vulnerabilities in a computer information system, as through errors and irregularities, the costs involved can be high.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Increasing use of computers for processing organisational data has added new scope to the review and evaluation of internal controls for audit purposes. The IT internal controls are of great value in any computerized system and it is an important task for an auditor to see that not only adequate controls exist, but that they also work effectively to ensure results and achieve objectives. Also internal controls should be commensurated with the risk assessed so as to reduce the impact of identified risks to acceptable levels. IT auditors need to evaluate the adequacy of internal controls in computer systems to mitigate the risk of loss due to errors, fraud and other acts and disasters or incidents that cause the system to be unavailable.</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">Need For ICT Audit</span></h3>
<div style="text-align: justify;">
Management employing the use of information systems have objectives and expectations of what they intend to achieve from the large investment made in utilizing technology. Reasons for implementing ICT within the organisation include the desire to obtain business value through reduced costs, greater effectiveness, enhanced efficiency and/or increased service delivery. It is against these objectives that an IT auditor is required to provide management assurance. Typically, management’s goals and objectives in utilizing technology to support business processes include:</div>
<div style="text-align: justify;">
• Confidentiality;</div>
<div style="text-align: justify;">
• Integrity;</div>
<div style="text-align: justify;">
• Availability;</div>
<div style="text-align: justify;">
• Reliability; and</div>
<div style="text-align: justify;">
• Compliance with legal and regulatory requirements.</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
Underpinning these goals and objectives is the need to ensure information technology, and the controls supporting such technology, assists the organisation to achieve its business objectives (effectiveness) with appropriate use of resources (efficiency).</div>
<h4 style="text-align: justify;">
<span style="color: red;"></span><span style="color: purple;"> Confidentiality</span></h4>
<div style="text-align: justify;">
Confidentiality concerns the protection of sensitive information from unauthorized disclosure.Consideration needs to be given to the level of sensitivity to the data, as this will determine how stringent controls over its access should be.Management need assurance of the organisation’s ability to maintain information confidential, as compromises in confidentiality could lead to significant public reputation harm, particularly where the information relates to sensitive client data.</div>
<h4 style="text-align: justify;">
<span style="color: red;"></span><span style="color: purple;"> Integrity</span></h4>
<div style="text-align: justify;">
Integrity refers to the accuracy and completeness of information as well as to its validity in accordance with business values and expectations. This is an important audit objective to gain assurance on because it provides assurance to both management and external report users that the information produced by the organisation’s information systems can be relied and trusted upon to make business decisions.</div>
<h4 style="text-align: justify;">
<span style="color: red;"></span><span style="color: blue;"> </span><span style="color: purple;">Availability</span></h4>
<div style="text-align: justify;">
Availability relates to information being available when required by the business process now and in the future. It also concerns the safeguarding of necessary resources and associated capabilities. Given the high-risk nature of keeping important information stored on computer systems, it is important that organisations gain assurance that the information they need for decision-making is available when required. This implies ensuring that the organisation has measures in place to ensure business continuity and ensuring that recovery can be made in a timely manner from disasters so that information is available to users as and when required.</div>
<h4 style="text-align: justify;">
<span style="color: red;"> </span><span style="color: purple;">Reliability</span></h4>
<div style="text-align: justify;">
Reliability refers to the degree of consistency of a system or the ability of a system (or component) to perform its required function under stated conditions.Reliability is an important audit objective in order to provide assurance that the system consistently operates and performs its stated functions as expected.</div>
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<span style="color: red;"></span><span style="color: purple;"> Compliance with Legal and Regulatory Requirements</span></h4>
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Compliance deals with complying with those laws, regulations and contractual obligations to </div>
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which the business process is subject, that is, externally imposed business criteria. </div>
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Management and key stakeholders require assurance that necessary compliance procedures </div>
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have been put in place, as there is a potential risk that the organisation could incur penalties </div>
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should legal and regulatory procedures not be enforced.</div>
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<br /><span style="color: blue;">Phishing.</span></h3>
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Phishing is a fraudulent attempt, usually made through email, to steal your personal information. The best way to protect yourself from phishing is to learn how to recognize a phish. Phishing emails usually appear to come from a well-known organization and ask for your personal information. such as- credit card number, social security number, account number or password. Often times phishing attempts appear to come from sites, services and companies with which you do not even have an account. </div>
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In order for Internet criminals to successfully "phish" your personal information, they must get you to go from an email to a website. Phishing emails will almost always tell you to click a link that takes you to a site where your personal information is requested. Legitimate organizations would never request this information of you via email.</div>
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<span style="color: #660000;">What to look for in a phishing email?</span></h4>
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<span style="color: purple;">1. Generic greeting.</span> </h4>
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Phishing emails are usually sent in large batches. To save time, Internet criminals use generic names like "First Generic Bank Customer" so they don't have to type all recipients' names out and send emails one-by-one. If you don't see your name, be suspicious.</div>
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<span style="color: purple;">2. Forged link. </span></h4>
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Even if a link has a name you recognize somewhere in it, it doesn't mean it links to the real organization. Roll your mouse over the link and see if it matches what appears in the email. If there is a discrepancy, don't click on the link. Also, websites where it is safe to enter personal information begin with "https" the "s" stands for secure. If you don't see "https" do not proceed.</div>
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<span style="color: purple;">3. Requests personal information. </span></h4>
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The point of sending phishing email is to trick you into providing your personal information. If you receive an email requesting your personal information, it is probably a phishing attempt. </div>
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<span style="color: purple;">4. Sense of urgency. </span></h4>
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Internet criminals want you to provide your personal information now. They do this by making you think something has happened that requires you to act fast. The faster they get your information, the faster they can move on to another victim.</div>
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<span style="color: #660000;">Prevention:</span></h4>
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Phishing scams are usually presented in the form of spam or pop-ups and are often difficult to detect. Once the fraudsters obtain your personal information, they can use it for all types of identity theft, putting your good credit and good name at risk. Because phishing is one of the most devious forms of identity theft, it is important for you to become familiar with various types of phishing scams as well as to learn how to guard against them. </div>
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<span style="color: #660000;">8 Ways To Avoid Phishing Scams </span></h4>
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To help you protect yourself from phishing, we offer the following tips:</div>
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<span style="color: red;"><b>1.</b></span> Guard against spam. Be especially cautious of emails that:</div>
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* Come from unrecognized senders.</div>
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* Ask you to confirm personal or financial information over the Internet and/or make urgent requests for this information.</div>
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* Aren’t personalized.</div>
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* Try to upset you into acting quickly by threatening you with frightening information.</div>
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<b><span style="color: red;">2.</span></b> Communicate personal information only via phone or secure web sites. In fact:</div>
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When conducting online transactions, look for a sign that the site is secure such as a lock icon on the browser’s status bar or a “https:” URL whereby the “s” stands for “secure” rather than a “http:”. Also, beware of phone phishing schemes. Do not divulge personal information over the phone unless you initiate the call. Be cautious of emails that ask you to call a phone number to update your account information as well.</div>
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<b><span style="color: red;">3.</span></b> Do not click on links, download files or open attachments in emails from unknown senders. It is best to open attachments only when you are expecting them and know what they contain, even if you know the sender.</div>
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<b><span style="color: red;">4.</span></b> Never email personal or financial information, even if you are close with the recipient. You never know who may gain access to your email account, or to the person’s account to whom you are emailing.</div>
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<b><span style="color: red;">5.</span></b> Beware of links in emails that ask for personal information, even if the email appears to come from an enterprise you do business with. Phishing web sites often copy the entire look of a legitimate web site, making it appear authentic. To be safe, call the legitimate enterprise first to see if they really sent that email to you. After all, businesses should not request personal information to be sent via email.</div>
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<b><span style="color: red;">6.</span></b> Beware of pop-ups and follow these tips:</div>
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* Never enter personal information in a pop-up screen. </div>
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* Do not click on links in a pop-up screen.</div>
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* Do not copy web addresses into your browser from pop-ups.</div>
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* Legitimate enterprises should never ask you to submit personal information in pop-up screens, so don’t do it.</div>
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<b><span style="color: red;">7.</span></b> Protect your computer with a firewall, spam filters, anti-virus and anti-spyware software. Do some research to ensure you are getting the most up-to-date software, and update them all regularly to ensure that you are blocking from new viruses and spyware.</div>
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<b><span style="color: red;">8.</span></b> Check your online accounts and bank statements regularly to ensure that no unauthorized transactions have been made. </div>
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<span style="color: blue;">Name of different antivirus software.</span></h3>
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1. Kaspersky</div>
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2. Avira</div>
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3. Avast</div>
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4. AVG</div>
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5. Symantec (Norton)</div>
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6. Quick Heal</div>
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7. ESET</div>
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8. McAfee</div>
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9. Microsoft Security Essentials</div>
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10. Bit-defender.</div>
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<span style="color: blue;">Electronic Payment System.</span></h3>
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A means of making payments over an electronic network such as the Internet. Today, many users make payments electronically rather than in person. Hundreds of electronic payment systems have been developed to provide secure Internet transactions. Electronic payment systems are generally classified into four categories: credit card and debit cards; electronic cash; micro-payment systems; and session-level protocols for secure communications.<br />
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A secure electronic financial transaction has to meet the following four requirements:<br />
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1. ensure that communications are private;</div>
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2. verify that the communications have not been changed in transmission.</div>
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3. ensure that the client and server are who each claims to be.</div>
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4. and ensure that the data to be transferred was, in fact, generated by the signed author.Two cryptographic methods used in electronic payment systems include the secret key (which uses the same key to encrypt and decrypt and is the fastest method; however, in the initial transmission to the recipient, the secret key is not secure) and the public key (which uses both a private and a public </div>
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key).</div>
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<span style="color: blue;">Difference between OMR, OCR, and MICR.</span></h3>
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<span style="color: purple;">a) MICR: </span></h4>
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MICR is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques. The human readable characters are printed on documents using a magnetic ink. It stands for Magnetic Ink Character Recognition. (Magnetic Ink Character Recognition is a character recognition system that uses special ink and characters. When a document that contains this ink needs to be read, it passes through a machine, which magnetizes the ink and then translates the magnetic information into characters.</div>
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MICR technology is used by banks. Numbers and characters found on the bottom of checks (usually containing the check number, sort number, and account number) are printed using Magnetic Ink. To print Magnetic Ink need, you need a laser printer that accepts MICR toner. MICR provides a secure, high-speed method of scanning and processing information.)</div>
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<span style="color: purple;">b) OMR: </span></h4>
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OMR which stands for Optical Mark Recognition is the process of gathering data with an optical scanner by measuring the reflectively of light at predetermined positions on a surface. (Short for optical mark recognition, the technology of electronically extracting intended data from marked fields, such as checkboxes and fill-infields, on printed forms. OMR technology scans a printed form and reads predefined positions and records where marks are made on the form. This technology is useful for applications in which large numbers of hand-filled forms need to be processed quickly and with great accuracy, such as surveys, reply cards, questionnaires and ballots. A common OMR application is the use of “bubble sheets” for multiple-choice tests used by schools. The student indicates the answer on the test by filling in the corresponding bubble, and the form is fed through an optical mark reader (also abbreviated as OMR, a device that scans the document and reads the data from the marked fields. The error rate for OMR technology is less than 1%.)</div>
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<span style="color: purple;">c) OCR:</span> </h4>
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OCR stands for Optical Character Recognition. OCR is the recognition of printed or written text characters by a computer. It is the application software that allows a computer to recognize printed or written characters, e.g. letters, numbers, punctuation marks, and pictograms using an optical scanner for input. OCR is being used by libraries to digitize and preserve their holdings. (Often abbreviated OCR, optical character recognition refers to the branch of computer science that involves reading text from paper and translating the images into a form that the computer can manipulate (for example, into ASCII codes). An OCR system enables you to take a book or a magazine article, feed it directly into an electronic computer file, and then edit the file using a word processor.</div>
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All OCR systems include an optical scanner for reading text, and sophisticated software for analyzing images. Most OCR systems use a combination of hardware (specialized circuit boards) and software to recognize characters, although some inexpensive systems do it entirely through software. Advanced OCR systems can read text in large variety of fonts, but they still have difficulty with handwritten text. The potential of OCR systems is enormous because they enable users to harness the power of computers to access printed documents. OCR is already being used widely in the legal profession, where searches that once required hours or days can now be accomplished in a few seconds.)</div>
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<span style="color: purple;">d) OBR: </span></h4>
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It stands for Optical Bar Code Reader which is used for reading bar-coded data. It scans a set of vertical bars of different width for specific data and is used to read tags. Bar code reading is done by a light pen or scanner connected to a computer.</div>
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<span style="color: blue;"><br />Digital Signature.</span></h3>
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A digital signature is an electronic signature that can be used to authenticate the identity of the sender of a message or the signer of a document, and possibly to ensure that the original content of the message or document that has been sent is unchanged. Digital signatures are easily transportable, cannot be imitated by someone else, and can be automatically timestamped. The ability to ensure that the original signed message arrived means that the sender cannot easily repudiate it later.</div>
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A digital signature can be used with any kind of message, whether it is encrypted or not, simply so that the receiver can be sure of the sender's identity and that the message arrived intact. A digital certificate contains the digital signature of the certificate-issuing authority so that anyone can verify that the certificate is real.</div>
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<span style="color: purple;">Digital Signature & Data Genuineness</span></h4>
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Just as handwritten signatures or physical thumbprints are commonly used to uniquely identify people for legal proceedings or transactions, so digital signatures ("digital thumbprints") are commonly used to identify electronic entities for online transactions. A digital signature uniquely identifies the originator of digitally signed data and also ensures the integrity of the signed data against tampering or corruption.</div>
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One possible method for creating a digital signature is for the originator of data to create the signature by encrypting all of the data with the originator's private key and enclosing the signature with the original data. Anyone with the originator's public key can decrypt the signature and compare the decrypted message to the original message. Because only someone with the private key can create the signature, the integrity of the message is verified when the decrypted message matches the original. If an intruder alters the original message during transit, the intruder cannot also create a new valid signature. If an intruder alters the signature during transit, the signature does not verify properly and is invalid.</div>
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<span style="color: purple;">RSA Data Security Digital Signature Process</span></h4>
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In the RSA digital signature process, the private key is used to encrypt only the message digest. The encrypted message digest becomes the digital signature and is attached to the original data. Figure 14.7 illustrates the basic RSA Data Security digital signature process.To verify the contents of digitally signed data, the recipient generates a new message digest from the data that was received, decrypts the original message digest with the originator's public key, and compares the decrypted digest with the newly generated digest. If the two digests match, the integrity of the message is verified. The identify of the originator also is confirmed because the public key can decrypt only data that has been encrypted with the corresponding private key.</div>
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<span style="color: blue;"><br />Audit Trail.</span></h3>
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A record showing who has accessed a computer system and what operations he or she has performed </div>
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during a given period of time. Audit trails are useful both for maintaining security and for recovering </div>
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lost transactions. Most accounting systems and database management systems include an audit trail component. In addition, there are separate audit trail software products that enable network administrators to monitor use of network resources.An audit trail (or audit log) is a security-relevant chronological record, set of records, or destination and source of records that provide documentary evidence of the sequence of activities that have affected at any time a specific operation, procedure, or event. Audit records typically result from activities such as financial transactions, scientific research and health care data transactions or communications by individual people, systems, accounts, or other entities.</div>
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The process that creates an audit trail is typically required to always run in a privileged mode, so it can access and supervise all actions from all users; a normal user should not be allowed to stop/change it. Furthermore, for the same reason, trail file or database table with a trail should not be accessible to normal users. Another way of handling this issue is through the use of a role-based security model in the software. The software can operate with the closed-looped controls, or as a 'closed system,' as required by many companies when using audit trail functionality. </div>
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In accounting, an audit trail is the sequence of paperwork that validates or invalidates accounting entries. In computing, the term is also used for an electronic or paper log used to track computer activity. For example, a corporate employee might have access to a section of a network in a corporation such as billing but be unauthorized to access all other sections. If that employee attempts to access an unauthorized section by typing in passwords, this improper activity is recorded in the audit trail.</div>
</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com7tag:blogger.com,1999:blog-3781064339632712289.post-50179787726465625232017-02-12T06:23:00.000-08:002017-02-14T23:31:40.768-08:00Electronic Funds Transfer (EFT).<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #990000; font-family: "trebuchet ms" , sans-serif;">In this article electronic funds transfer, EFT, Visa and MasterCard, smart card, Spamming and spyware, online CIB, Internet and intranet, website, ICT Policy Scenario in a Developing Countries etc have been discussed.</span><br />
<span style="color: #990000; font-family: "trebuchet ms" , sans-serif;">_____________________________________________________________________________</span></div>
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<span style="color: blue;"><a name='more'></a><br /></span></h3>
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<span style="color: blue;">Electronic Funds Transfer (EFT).</span></h3>
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<span style="color: purple;">What It Is ?</span></h4>
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<span style="color: blue;"><div style="color: black; font-size: medium; font-weight: normal;">
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An electronic funds transfer (EFT) is a transaction that takes place over a computerized network, either among accounts at the same bank or to different accounts at separate financial institutions. It is a system of transferring money from one bank account directly to another without any paper money changing hands.</div>
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<span style="color: purple;">How It Works ?</span></h4>
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<span style="color: blue;"><div style="color: black; font-size: medium; font-weight: normal;">
EFTs include direct-debit transactions, wire transfers, direct deposits, ATM withdrawals and online bill pay services. Transactions are processed through the Automated Clearing House (ACH) network, the secure transfer system of the Federal Reserve that connects all U.S. banks, credit unions and other financial institutions. For example- when you use your debit card to make a purchase at a store or online, the transaction is processed using an EFT system. The transaction is very similar to an ATM withdrawal, with near-instantaneous payment to the merchant and deduction from your checking account. Direct deposit is another form of an electronic funds transfer. In this case, funds from your employer’s bank account are transferred electronically to your bank account, with no need for paper-based payment systems.</div>
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<span style="color: purple;">Why It Matters ?</span></h4>
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The increased use of EFTs for online bill payments, purchases and pay processes is leading to a paper-free banking system, where a large number of invoices and payments take place over digital networks. EFT systems play a large role in this future, with fast, secure transactions guaranteeing a seamless transfer of funds within institutions or across banking networks. EFT transactions, also known as an online transaction or PIN-debit transaction, also offer an alternative to signature debit transactions, which take place through one of the major credit card processing systems, such as Visa, MasterCard or Discover, and can cost as much as 3% of the total purchase price. EFT processing, on the other hand, only charges an average of 1% for debit card transactions. <i><span style="color: #990000;">Its advantages are-</span></i></div>
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* Save money.</div>
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* Fast and secure direct deposit of your claimed documents.</div>
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* Less / reduce paper works.</div>
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* Improve safety and control.</div>
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* manage cash flow easily.</div>
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* Increase efficiency and productivity.</div>
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* Easy reconciliation of direct deposits.</div>
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* Eliminate the risk associated with lost, stolen and misdirected checks.</div>
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* e-mail notifications the day deposits are made.</div>
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<span style="color: purple;">Disadvantages of Electronic Funds Transfer (EFT)</span></h4>
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<span style="color: #444444;">The field transfer process generally consist of a series of electronic messages sent between financial institutions directing each to make debit and credit accounting entries necessary to complete the transaction. The fund transfer can generally be described as a series of payment instruction messages, beginning with the originator's (sending customers) instructions, and including a series of further instructions, with the purpose of making payment to the beneficiaries (Receiving customers). </span></div>
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<span style="color: purple;">Types of Electronic Funds Transfer (EFT)</span></h4>
<div style="text-align: justify;">
<span style="color: purple;">* </span>Transfer of money between banks like RTGS ( Real time Gross Settlement).<br />
<span style="color: purple;">* </span>Transaction between computers of different organizations and banks computers.<br />
<span style="color: purple;">*</span> Transaction through Automatic Teller Machine .</div>
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<span style="color: blue;">Master Card & VISA Card.</span></h3>
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Visa and MasterCard are used the world over to make payments using and represent global credit card companies. Though the differences between these two methods of payment were discernible in the past the same cannot be said of the present as they are almost identical. Differences may emerge when looking at the interest rates charged on the particular cards.</div>
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<span style="background: white; mso-bidi-font-size: 12.0pt;"><b><span style="color: #990000; font-size: large;">SN<o:p></o:p></span></b></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 29.65pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="background: white; mso-bidi-font-size: 12.0pt;"><span style="color: #990000; font-size: large;"><b>Points</b><o:p></o:p></span></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 29.65pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><h4 style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="background: white; mso-bidi-font-size: 12.0pt;"><span style="color: #990000; font-size: large;">Master Card</span></span></h4>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 29.65pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><h4 style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="background: white; mso-bidi-font-size: 12.0pt;"><span style="color: #990000; font-size: large;">Visa Card</span></span></h4>
</td>
</tr>
<tr style="height: 22.0pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">1<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Products</span><span style="background: white;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Payment systems<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Payment systems<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">2<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Type <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Public </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Public</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 22.0pt; mso-yfti-irow: 3;">
<td style="border-top: none; border: solid black 1.0pt; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">3<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Industry <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Financial services </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Financial services</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 112.9pt; mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; height: 112.9pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">4<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 112.9pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Introduction<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 112.9pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in;">
<div style="text-align: justify;">
<span style="font-size: 13.5pt;">Master Card Worldwide (NYSE:MA) is an American multinational corporation
with its headquarters in the Master Card International Global Headquarters in
Harrison, New York, United States.<span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 112.9pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in;">
<div style="text-align: justify;">
<span style="font-size: 13.5pt;">Visa Inc. (NYSE: V) is an US multinational corporation
with its headquarters in Foster City, California. Visa targets consumers,
businesses, financial institutions and governments in more than 200 countries
and territories.<span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
</div>
</td>
</tr>
<tr style="height: 19.75pt; mso-yfti-irow: 5;">
<td style="border-top: none; border: solid black 1.0pt; height: 19.75pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">5<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 19.75pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Revenue <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 19.75pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$5.539 Billion (FY 2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 19.75pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;"> US$8.065 Billion (FY 2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 21.1pt; mso-yfti-irow: 6;">
<td style="border-top: none; border: solid black 1.0pt; height: 21.1pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">6<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.1pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Net income<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.1pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$1.846 Billion (FY 2010)
</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.1pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$2.966 Billion (FY 2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 18.4pt; mso-yfti-irow: 7;">
<td style="border-top: none; border: solid black 1.0pt; height: 18.4pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">7<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 18.4pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Headquarters <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 18.4pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">New York </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 18.4pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">San Francisco</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 21.55pt; mso-yfti-irow: 8;">
<td style="border-top: none; border: solid black 1.0pt; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">8<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Employees <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">5,600 (2010) </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">6,900 (2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">9<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Operating Income<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">US$2.757 Billion (FY 2010)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$4.638 Billion (FY 2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 22.0pt; mso-yfti-irow: 10;">
<td style="border-top: none; border: solid black 1.0pt; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">10<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Founded<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">1966 </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">1970</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 22.0pt; mso-yfti-irow: 11;">
<td style="border-top: none; border: solid black 1.0pt; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">11<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Total Assets<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$8.837 Billion (FY 2010)
</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$33.408 Billion (FY
2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 22.0pt; mso-yfti-irow: 12;">
<td style="border-top: none; border: solid black 1.0pt; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">12<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Total Equity <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$5.216 Billion (FY 2010)
</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">US$25.014 Billion (FY
2010)</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 21.55pt; mso-yfti-irow: 13; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 27.9pt;" valign="top" width="37"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">13<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Acceptance <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Worldwide </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Worldwide</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal">
<br /></div>
</div>
<div style="text-align: justify;">
<br />
<h3>
<span style="color: blue;">Smart Card.</span></h3>
</div>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://4.bp.blogspot.com/-o04XGOXXDu4/WJ3Vuxv4anI/AAAAAAAACfA/RfmqiGv8T_AiU7wIp4b91-AumyKbYXEAQCLcB/s1600/Mastercard%2Band%2Bvisa%2Bcard.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="149" src="https://4.bp.blogspot.com/-o04XGOXXDu4/WJ3Vuxv4anI/AAAAAAAACfA/RfmqiGv8T_AiU7wIp4b91-AumyKbYXEAQCLcB/s200/Mastercard%2Band%2Bvisa%2Bcard.jpg" width="200" /></a></div>
A smart card, chip card, or integrated circuit card (ICC) is any pocket-sized card with embedded integrated circuits. Smart cards are made of plastic, generally polyvinyl chloride, Smart cards can provide identification, authentication, data storage and application processing. Smart cards may provide strong security authentication for single sign-on (SSO) within large organizations. A smart card resembles a credit card in size and shape, but inside it is completely different. First of all, it has an inside a normal credit card is a simple piece of plastic. The inside of a smart card usually contains an embedded microprocessor. The microprocessor is under a gold contact pad on one side of the card.</div>
<div style="text-align: justify;">
The most common smart card applications are:</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Credit cards.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Electronic cash.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Computer security systems.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Wireless communication.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Loyalty systems (like frequent flyer points).</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Banking.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Satellite TV.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Government identification.<br />
<br /></div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">Website.</span></h3>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-kKMDqbDwK50/WJ3cUrLCRjI/AAAAAAAACfY/eOpatqJbuE8HxAmOrL7Xj9IzHHFa43wSACLcB/s1600/site.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="170" src="https://2.bp.blogspot.com/-kKMDqbDwK50/WJ3cUrLCRjI/AAAAAAAACfY/eOpatqJbuE8HxAmOrL7Xj9IzHHFa43wSACLcB/s320/site.jpg" width="320" /></a></div>
A website is a collection of web pages (documents that are accessed through the Internet), such as the one you're looking at now. A web page is what you see on the screen when you type in a web address, click on a link, or put a query in a search engine. A web page can contain any type of information, and can include text, color, graphics, animation and sound.</div>
<div style="text-align: justify;">
When someone gives you their web address like <a href="http://www.banktheories.com/">http://www.banktheories.com</a><span id="goog_2057537516"></span><span id="goog_2057537517"></span><a href="https://www.blogger.com/"></a> it generally takes you to their website's home page, which should introduce you to what that site offers in terms of information or other services. From the home page, you can click on links to reach other sections of the site. A website can consist of one page, or of tens of thousands of pages, depending on what the site owner is trying to accomplish.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Why Do People Visit Websites?</span></h4>
</div>
<div style="text-align: justify;">
Generally, people look at websites for two primary reasons:</div>
<div style="text-align: justify;">
1. To find information they need. This could be anything from a student looking for pictures of frogs for a school project, to finding the latest stock quotes, to getting the address of the nearest Thai restaurant.</div>
<div style="text-align: justify;">
2. To complete a task. Visitors may want to buy the latest best-seller, download a software program, or participate in an online discussion about a favorite hobby. The main thing to remember in creating a website is that you're not creating the website for you; you already know about the information or service you have to offer. You're creating the site for your visitors, so it should contain the content they want, and be organized in a way that makes sense, even to an outsider.<br />
<br /></div>
</div>
<div dir="ltr">
<h3 style="text-align: justify;">
<span style="background-color: blue;"><br /></span><span style="background-color: #f3f3f3;"><span style="background-color: white; color: blue;">SPAM & Spyware.</span></span></h3>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-I-6ugOFlru0/WKBuqJghITI/AAAAAAAAChY/ITKPEZ5Kc8UlErXekRo_SsFFq23NVFgLQCLcB/s1600/spam1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://2.bp.blogspot.com/-I-6ugOFlru0/WKBuqJghITI/AAAAAAAAChY/ITKPEZ5Kc8UlErXekRo_SsFFq23NVFgLQCLcB/s1600/spam1.jpg" /></a></div>
Electronic spamming is the use of electronic messaging systems to send unsolicited bulk messages (spam), especially advertising, indiscriminately. While the most widely recognized form of spam is e-mail spam, the term is applied to similar abuses in other media: instant messaging spam, Usenet newsgroup spam.<br />
<br /></div>
<div style="text-align: justify;">
Spamming remains economically viable because advertisers have no operating costs beyond the management of their mailing lists, and it is difficult to hold senders accountable for their mass mailings. Because the barrier to entry is so low, spammers are numerous, and the volume of unsolicited mail has become very high. In the year 2011, the estimated figure for spam messages is around seven trillion. The costs, such as lost productivity and fraud, are borne by the public and by Internet service providers, which have been forced to add extra capacity to cope with the deluge. Spamming has been the subject of legislation in many jurisdictions.<br />
<br /></div>
<div style="text-align: justify;">
Spyware is software that aids in gathering information about a person or organization without their knowledge and that may send such information to another entity without the consumer's consent, or that asserts control over a computer without the consumer's knowledge. "Spyware" is mostly classified into four types: system monitors, trojans, adware, and tracking cookies. Spyware is mostly used for the purposes such as; tracking and storing internet users' movements on the web; serving up pop-up ads to internet users.</div>
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Whenever spyware is used for malicious purposes, its presence is typically hidden from the user and can be difficult to detect. Some spyware, such as key-loggers, may be installed by the owner of a shared, corporate, or public computer intentionally in order to monitor users. While the term spyware suggests software that monitors a user's computing, the functions of spyware can extend beyond simple monitoring. Spyware can collect almost any type of data, including personal information like Internet surfing habits, user logins, and bank or credit account information. Spyware can also interfere with user control of a computer by installing additional software or redirecting Web browsers. Some spyware can change computer settings, which can result in slow Internet connection speeds, un-authorized changes in browser settings, or changes to software settings.<br />
<br /></div>
<div style="text-align: justify;">
Sometimes, spyware is included along with genuine software, and may come from a malicious website. In response to the emergence of spyware, a small industry has sprung up dealing in anti-spyware software. Running anti-spyware software has become a widely recognized element of computer security practices for computers, especially those running Microsoft Windows. A number of jurisdictions have passed anti-spyware laws, which usually target any software that is surreptitiously installed to control a user's computer.<br />
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<div style="text-align: justify;">
<h3>
<span style="color: blue;">Online CIB services .</span></h3>
</div>
<div style="text-align: justify;">
To create a disciplined environment for borrowing, the automated CIB service provides credit related information for prospective and existing borrowers. With this improved and efficient system, risk management will be more effective. Banks and financial institutions may furnish credit information to CIB database 24 by 7 around the year; and they can access credit reports from CIB online. Users: Banks and Financial Institutions.<br />
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<br />
<h3>
<span style="color: blue;">Internet and Intranet</span></h3>
</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Internet
</span></h4>
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Internet is a world-wide/global system of interconnected computer networks.
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Internet uses the standard Internet Protocol (TCP/IP)
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Every computer in internet is identified by a unique IP address.
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> IP Address is a unique set of numbers (such as 110.22.33.114) which identifies a computer location.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> A special computer DNS (Domain Name Server) is used to give name to the IP Address so that user can locate a computer by a name.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> For example, a DNS server will resolve a name http://www.tutorialspoint.com to a particular IP address to uniquely identify the computer on which this website is hosted.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Internet is accessible to every user all over the world.
</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Intranet
</span></h4>
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Intranet is system in which multiple PCs are networked to be connected to each other.
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> PCs in intranet are not available to the world outside of the intranet.
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Usually each company or organization has their own Intranet network and members / employees of that company can access the computers in their intranet.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Each computer in Intranet is also identified by a IP Address, which is unique among the computers in that Intranet.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Similarities in Internet & Intranet
</span></h4>
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Intranet uses the internet protocols such as TCP / IP and FTP.
</div>
<div style="text-align: justify;">
<b><span style="color: red;"> </span></b>Intranet sites are accessible via web browser in similar way as websites in internet. But only members of Intranet network can access intranet hosted sites.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> In Intranet, own instant messengers can be used as similar to yahoo messenger / gtalk over the internet.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Differences in Internet & Intranet
</span></h4>
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Internet is general to PCs all over the world where Intranet is specific to few PCs.
</div>
<div style="text-align: justify;">
<span style="color: red;"><b></b></span> Internet is wider access and provides a better access to websites to large population whereas Intranet is restricted.</div>
<div style="text-align: justify;">
<b><span style="color: red;"> </span></b>Internet is not as safe as Intranet as Intranet can be safely privatized as per the need.<br />
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<h3>
<span style="color: blue;">ICT Policy Scenario in a Developing Countries. </span></h3>
</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> ICT has been given considerable importance from the Prime Minister’s Office in the last few years.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> A National ICT Task Force has been formed which is headed by the Honorable Prime Minister.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The Executive Committee of the National ICT Task Force, headed by the Honorable Principal Secretary, administers the implementation of decisions taken by the Task.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> A program called the Support to ICT Task Force (SICT) has been initiated, with financial support from the Government, to provide implementation and monitoring support to the Task Force.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The Ministry of Science and Technology has been renamed as the Ministry of Science and ICT and has been entrusted the duty of working as the primary hub for ICT policy and implementation in the country.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The Ministry of Science and ICT has come up with a comprehensive ICT Policy in 2002.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The Ministry of Post and Telecom has also come up with a National Telecom Policy in 1998 (time for a revised policy)</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">e-Government Policy Stakeholders</span></h4>
</div>
<div style="text-align: justify;">
<b><i>Prime Minister’s Office (PMO)</i></b></div>
<div style="text-align: justify;">
- National ICT Task Force has been formed, headed by the Honorable Prime Minister</div>
<div style="text-align: justify;">
- ICT Task Force has representation from several important ministries, academia, NGOs, and the ICT-related private sector<br />
<br /></div>
<div style="text-align: justify;">
<b><i>Ministry of Education</i></b></div>
<div style="text-align: justify;">
- Curriculum for ICT education</div>
<div style="text-align: justify;">
- Computerization of schools.<br />
<br /></div>
<div style="text-align: justify;">
<b><i>Ministry of Law, Justice and Parliamentary Affairs</i></b></div>
<div style="text-align: justify;">
- ICT-related laws.<br />
<br /></div>
<div style="text-align: justify;">
<b><i>Planning Division, Ministry of Planning</i></b></div>
<div style="text-align: justify;">
- Secretarial support to National ICT Task Force</div>
<div style="text-align: justify;">
- Hosts the Support to ICT Task Force (SICT) Program to implement objectives of the ICT Task Force, particularly in areas of e-Government.<br />
<br /></div>
<div style="text-align: justify;">
<b><i>Bangladesh Telecommunication Regulatory Commission (BTRC)</i></b></div>
<div style="text-align: justify;">
- Regulation of telecommunications providers</div>
<div style="text-align: justify;">
- Licensing authority<br />
<br /></div>
<div style="text-align: justify;">
<b><i>Bangladesh Computer Council (BCC)</i></b></div>
<div style="text-align: justify;">
- ICT Training to govt. officials and citizens</div>
<div style="text-align: justify;">
- Incubator for software companies</div>
<div style="text-align: justify;">
- Advisory support to govt. institutions regarding ICT.<br />
<br />
<div style="text-align: justify;">
<b><i>Ministry of Science and ICT</i></b></div>
<div style="text-align: justify;">
- Formulation of ICT Policy</div>
<div style="text-align: justify;">
- ICT-related laws.</div>
<div style="text-align: justify;">
- Facilitate computerization at govt. institutions and schools.<br />
<br />
<div style="text-align: justify;">
<b><i>Ministry of Post and Telecommunications</i></b></div>
<div style="text-align: justify;">
- Building and maintaining of telecommunication infrastructure.<br />
<h4>
<span style="color: purple;">Status of ICT Policy & Implementation</span></h4>
</div>
</div>
</div>
<div style="text-align: justify;">
<b>Broad Areas</b></div>
<div style="text-align: justify;">
<span style="color: red;"><b></b></span> ICT Infrastructure.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> ICTE and Capacity Building.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Support to ICT Industry.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Applications of ICTs for Socio-Economic Development.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Regulatory Issues.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Financing of ICT-Related Projects.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Research and Development in ICT.<br />
<br /></div>
<div style="text-align: justify;">
<b>Structure (ICTE and capacity building)</b></div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Policy.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> What Has Been Achieved.</div>
<div style="text-align: justify;">
<b><span style="color: red;"> </span></b>What Has NOT Been Achieved.</div>
</div>
<div dir="ltr" style="text-align: left;">
<div style="text-align: justify;">
<h4>
<span style="color: purple;"><br /></span></h4>
<h4>
<span style="color: purple;">ICTE and capacity building</span></h4>
</div>
<div style="text-align: justify;">
<b>Policy</b></div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Facilities shall be built to promote ICT training and computer aided training at all levels of education including Primary Schools and Madrasahs.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Universities, Bangladesh Institutes of Technology and colleges, both in the public and private, shall be strengthened to produce ICT graduates in four-year Computer Science and/or Engineering courses.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Establish multimedia institutes up to district level.</div>
<div style="text-align: justify;">
<b><span style="color: red;"> </span></b>Diploma and Trade Certificate in ICT will be offered in both public and private institutes including Polytechnics.</div>
<div style="text-align: justify;">
<b><span style="color: red;"> </span></b>Use the potential of ICT for delivery of distance education to help stretch the country’s limited teaching resources and ensure quality education to all.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Preference shall be given to ICT literate candidates for the purpose of recruitment in public offices. ICT-literacy shall also be evaluated in the Annual Confidential Report (ACR) of officials to ensure utilization of ICTs in the public services.<br />
<br /></div>
<div style="text-align: justify;">
<b>What Has Been Achieved?</b></div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Computer science as a course has been introduced at the high school level, but has not been mandatory. A fair number of students are taking this course at the high school level.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Almost all public and private universities pay particular emphasis on training students in ICT-related fields.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Different public offices have taken up initiatives to provide ICT training to government officials and staff.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The Ministry of Science and ICT and its subsidiary Bangladesh Computer Council are playing important roles in training public officials, school teachers and also citizens at low cost.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Private ICT training institutes have sprung up in large numbers over the last few years in major urban centers.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> The Ministry of Science and ICT has introduced an ICT Internship Program in cooperation with the private sector, to support the development of quality professionals for the ICT industry.<br />
<br /></div>
<div style="text-align: justify;">
<b>What Has Not Been Achieved?</b></div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Due to lack of adequate number of working computers in public high schools at rural level and lack of sufficiently trained teachers, most students do not get enough exposure to ICT.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Not enough jobs are getting created to absorb the ICT-trained human resources.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> Much of the government IT training is isolated and project-based a coordinated national effort to build ICT capacity in the government is yet to be implemented.</div>
<div style="text-align: justify;">
<span style="color: red;"><b></b></span> ICT-based education is not a policy priority.</div>
<div style="text-align: justify;">
<span style="color: red;"><b></b></span> Excessive emphasis on computerization without sufficient consideration to enabling factors such as teachers training, curriculum modernization etc.</div>
<div style="text-align: justify;">
<b><span style="color: red;"></span></b> In government recruitment and promotion, IT skills is still not taken into consideration</div>
</div>
</div>
</div>
</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com8tag:blogger.com,1999:blog-3781064339632712289.post-59606923990957394112017-02-06T08:28:00.002-08:002017-02-14T23:31:53.059-08:00Operating System.<div dir="ltr" style="text-align: left;" trbidi="on">
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<div style="text-align: justify;">
<span style="color: #990000;">In this article operating system, processing, processor, real time, software, hardware, System Software, Application Software. Programming, Engineering, Scientific Software, Product, Product-line, Utility, Life Cycle, coding, Design, Database, Management, System, Database Management System, Enterprise Resource Planning, Computer Memory, RAM, ROM, PROM, Banking Software, cash management etc have been discussed. let's see the detail.</span></div>
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<span style="color: #990000;">_________________________________________________________________________________</span></div>
<h3 style="text-align: justify;">
<span style="color: blue;"><a name='more'></a><br /></span></h3>
<h3 style="text-align: justify;">
<span style="color: blue;">Operating system (OS).</span></h3>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-Bv4408vZ2f8/WJdBvEj7xNI/AAAAAAAACb8/qGMzXAwJ8J0q5lfaYfe62OUF9lzEJrbowCLcB/s1600/operating-system1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="179" src="https://2.bp.blogspot.com/-Bv4408vZ2f8/WJdBvEj7xNI/AAAAAAAACb8/qGMzXAwJ8J0q5lfaYfe62OUF9lzEJrbowCLcB/s320/operating-system1.jpg" width="320" /></a></div>
The operating system is the most important program that runs on a computer. Every generalpurpose computer must have an operating system to run other programs. Operating systems perform basic t asks, such as recognizing input from the keyboard, sending output to the display screen, keeping track of files and directories on the disk, and controlling peripheral devices such as disk drives and printers.</div>
<div style="text-align: justify;">
For large systems, the operating system has even greater responsibilities and powers. It is like a traffic cop it makes sure those different programs and users running at the same time do not interfere with each other. The operating system is also responsible for security, ensuring that unauthorized users do not access the system. Operating systems can be classified as follows:</div>
<div style="text-align: justify;">
<br />
<br /></div>
<div style="text-align: justify;">
<span style="color: #20124d;"><b> Multi-user:</b> </span>Allows two or more users to run programs at the same time. Some operating systems permit hundreds or even thousands of concurrent users.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b><span style="color: #20124d;"> Multiprocessing :</span></b> Supports running a program on more than one CPU. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b><span style="color: #20124d;"> Multitasking :</span></b> Allows more than one program to run concurrently. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b><span style="color: #20124d;"> Multi threading :</span></b> Allows different parts of a single program to run concurrently. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b><span style="color: #20124d;"> Real time:</span></b> Responds to input instantly. General-purpose operating systems, such as DOS</div>
<div style="text-align: justify;">
and UNIX, are not real-time. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Operating systems provide a software platform on top of which other programs, called application programs, can run. The application programs must be written to run on top of a particular operating system. Your choice of operating system, therefore, determines to a great extent the applications you can run. For PCs, the most popular operating systems are DOS, OS/2, and Windows, but others are available, such as Linux.</div>
<div style="text-align: justify;">
As a user, you normally interact with the operating system through a set of commands. For example, the DOS operating system contains commands such as COPY and RENAME for copying files and changing the names of files, respectively. The commands are accepted and executed by a part of the operating system called the command processor or command line interpreter. Graphical user interfaces allow you to enter commands by pointing and clicking at objects that appear on the screen.</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">How Operating Systems Work ?</span></h3>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-tFvt8SN7H2M/WJdCNLGWExI/AAAAAAAACcA/faWvjLh4_x8HGpwbaNhOHJBgwCBtL1n0wCLcB/s1600/operating.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://2.bp.blogspot.com/-tFvt8SN7H2M/WJdCNLGWExI/AAAAAAAACcA/faWvjLh4_x8HGpwbaNhOHJBgwCBtL1n0wCLcB/s1600/operating.png" /></a></div>
When you turn on your computer, it's nice to think that you're in control. There's the trusty computer mouse, which you can move anywhere on the screen, summoning up your music library or Internet browser at the slightest whim. Although it's easy to feel like a director in front of your desktop or laptop, there's a lot going on inside, and the real man behind the curtain handling the necessary tasks is the operating system.<br />
<br /></div>
<div style="text-align: justify;">
Most desktop or laptop PCs come pre-loaded with Microsoft Windows. Macintosh computers come pre-loaded with Mac OS X. Many corporate servers use the Linux or UNIX operating systems. The operating system (OS) is the first thing loaded onto the computer without the operating system, a computer is useless.<br />
<br /></div>
<div style="text-align: justify;">
More recently, operating systems have started to pop up in smaller computers as well. If you like to tinker with electronic devices, you're probably pleased that operating systems can now be found on many of the devices we use every day, from cell phones to wireless access points. The computers used in these little devices have gotten so powerful that they can now actually run an operating system and applications. The computer in a typical modern cellphone is now more powerful than a desktop computer from 20 years ago, so this progression makes sense and is a natural development.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<i><span style="color: purple;">The purpose of an operating system</span></i> is to organize and control hardware and software so that the device it lives in behaves in a flexible but predictable way. In this article, we'll tell you what a piece of software must do to be called an operating system, show you how the operating system in your desktop computer works and give you some examples of how to take control of the other operating systems around you.</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">Difference between Hardware & Software.</span> </h3>
<div style="text-align: justify;">
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No.<span style="font-size: 16pt;"><o:p></o:p></span></span></span></b></div>
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<b><span style="background: white; font-size: 16pt;"><span style="color: purple;">Points<o:p></o:p></span></span></b></div>
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<span style="font-size: 16pt;"><span style="color: purple;">Hardware</span></span></h4>
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<span style="font-size: 16pt;"><span style="color: purple;">Software</span></span></h4>
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<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">1.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Definition </span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Devices that are required to store and
execute (or run) the software.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Collection of instructions that enables
a user to interact with the computer. Software is a program that enables a computer
to perform a specific task, as opposed to the physical components of the
system (hardware).<o:p></o:p></span></div>
</td>
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<tr style="height: 53.05pt; mso-yfti-irow: 2;">
<td style="border-top: none; border: solid black 1.0pt; height: 53.05pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">2.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.05pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Types<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.05pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Input, storage, processing, control, and output devices.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.05pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<div style="text-align: left;">
<span style="font-size: 13.5pt;">System software, Programming software, and
Application software<span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
</div>
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<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">3.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Examples</span><span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">CD-ROM, monitor, printer, video card,
scanners, label makers, routers, and modems.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in;">
<div style="text-align: justify;">
<span style="font-size: 13.5pt;">Quickbooks, Adobe Acrobat, Winoms-Cs, Internet Explorer, Microsoft
Word, Microsoft Excel.<span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
</div>
</td>
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<tr style="height: 170.5pt; mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">4.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Function<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Hardware serve as the delivery system
for software solutions. The hardware of a computer is infrequently changed,
in comparison with software and data, which are “soft” in the sense that they
are readily created, modified, or erased on the compute. To perform the
specific task you need to complete.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Software is generally not needed to for
the hardware to perform its basic level tasks such as turning on and responding
to input.<o:p></o:p></span></div>
</td>
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<tr style="height: 55.3pt; mso-yfti-irow: 5;">
<td style="border-top: none; border: solid black 1.0pt; height: 55.3pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">5.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 55.3pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Inter<o:p></o:p></span></div>
<div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: 13.5pt;">dependency<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 55.3pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Hardware starts functioning once
software is loaded.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 55.3pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">To deliver its set of instructions,
Software is installed on hardware.<o:p></o:p></span></div>
</td>
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<tr style="height: 76.0pt; mso-yfti-irow: 6;">
<td style="border-top: none; border: solid black 1.0pt; height: 76.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">6.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 76.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Failure<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 76.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Hardware failure is random. Hardware
does have increasing failure at the last stage.<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 76.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Software failure is systematic. Software
does not have an increasing failure rate.<o:p></o:p></span></div>
</td>
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<tr style="height: 72.85pt; mso-yfti-irow: 7;">
<td style="border-top: none; border: solid black 1.0pt; height: 72.85pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">7.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 72.85pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Durability<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 72.85pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Hardware wears out over time.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 72.85pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Software does not wear out over time. However,
bugs are discovered in software as time passes.<o:p></o:p></span></div>
</td>
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<tr style="height: 21.55pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 40.5pt;" valign="top" width="54"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="background: white; mso-bidi-font-size: 12.0pt;">8.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Nature<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.75in;" valign="top" width="264"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Hardware is physical in nature.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 21.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 171.0pt;" valign="top" width="228"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Software is logical in nature.<o:p></o:p></span></div>
</td>
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</tbody></table>
<div style="margin: 0in 0in 0.0001pt;">
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<div style="margin: 0in 0in 0.0001pt;">
<br /></div>
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<h3 style="text-align: justify;">
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<span style="color: blue;">Types of Software.</span></h3>
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There are many types of software and this is increasing with the development of technology. Some of these types are described below.</div>
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<span style="color: purple;">1. System Software: </span></h4>
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It helps in running the computer hardware and the computer system. System software is a collection of operating systems; device drivers, servers,windowing systems and utilities. System software is the communicator of user and hardware.</div>
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<span style="color: purple;">2. Application Software: </span></h4>
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Application software consists of standalone programs that solve a specific business need. Business software, databases and educational software are some forms of application software. Different word processors, which are dedicated for specialized tasks to be performed by the user, are other examples of application software.</div>
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<span style="color: purple;">3. Programming Software: </span></h4>
This software comes in forms of tools that assist a programmer in writing computer programs. Computer programs are sets of logical instructions that make a computer system perform certain tasks. The tools that help the programmers in instructing a computer system include text editors, compilers and interpreters.</div>
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<span style="color: purple;">4. Engineering / Scientific Software : </span></h4>
These software ranges from astronomy to volcano-logy, from automotive stress analysis to space shuttle orbital dynamics and from molecular biology to automated manufacturing. This software is used in various aspects of engineering examination, scientific experiments and calculations etc.</div>
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<span style="color: purple;">5. Embedded Software: </span></h4>
Embedded software resides within a product to perform some specific tasks. Such as the button control pad of microwave oven, the display controller, fuel controller of an automobile, secure gate pass of an elevator or lift etc.</div>
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<span style="color: purple;">6. Product-line Software: </span></h4>
Software that are designed to use by many different customers. Product-line software can focus on a limited marketplace such as inventory control products or address mass consumer markets such as word processing, spreadsheets, graphics etc.</div>
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<span style="color: purple;">7. Web Applications: </span></h4>
Web applications are online software. These software work through web sites mainly. These applications not only provide standalone features but also integrated with corporate databases and business applications.</div>
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<span style="color: purple;">8. Artificial Intelligence Software: </span></h4>
A software makes use of nonnumerical algorithms to solve complex problems that are amenable to computation or straightforward analysis. Application within this area includes robotics, expert systems, pattern recognition, game playing etc.</div>
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<span style="color: blue;"><br />Utility Software with 5 Example.</span></h3>
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A Utility software is a computer software designed to help in the management and tuning of operating systems, computer hardware and application software. It is designed to perform a single task or a multiple of small tasks. Examples of utility software's include:<br />
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<b><span style="color: red;"></span></b> Disk defragmenters,</div>
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<b><span style="color: red;"></span></b> System Profilers,</div>
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<b><span style="color: red;"></span></b> Network Managers,</div>
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<b><span style="color: red;"> </span></b>Application Launchers and</div>
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<b><span style="color: red;"></span></b> Virus Scanners.</div>
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<span style="color: blue;">Software Package.</span></h3>
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(1) A special method of distributing and installing software (or software upgrades) to a computer. For example, on a Macintosh computer, a package usually means "software." It's specifically a directory, presented as a single file, that contains all the information the Mac OS X Installer application needs to install your software. That includes the software itself, as well as files that are used only during the installation process. In a Windows environment it is sometimes called an installation package or update package.<br />
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(2) Multiple software programs that work together (or performs similar functions) and is bundled and sold together as a software package.<br />
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(3) Term used to describe software that is bunched together making a complete set. For example, Microsoft Office is packaged software that includes many software programs that may be used in the office, such as Microsoft Excel, Microsoft Word and Microsoft Access.</div>
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<span style="color: blue;">Software Development Life Cycle Phases.</span></h3>
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There are following six phases in every Software development life cycle model:<br />
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1. Design</div>
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2. Implementation or coding</div>
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3. Testing</div>
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4. Deployment</div>
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5. Maintenance</div>
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6. Requirement gathering and analysis.<br />
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<span style="color: purple;">1) Requirement gathering and analysis: </span></h4>
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Business requirements are gathered in this phase. This phase is the main focus of the project managers and stake holders. Meetings with managers, stake holders and users are held in order to determine the requirements like; Who is going to use the system? How will they use the system? What data should be input into the system? What data should be output by the system? These are general questions that get answered during a requirements gathering phase. After requirement gathering these requirements are analyzed for their validity and the possibility of incorporating the requirements in the system to be development is also studied. Finally, a Requirement Specification document is created which serves the purpose of guideline for the next phase of the model.<br />
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<span style="color: purple;">2) Design: </span></h4>
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In this phase the system and software design is prepared from the requirement specifications which were studied in the first phase. System Design helps in specifying hardware and system requirements and also helps in defining overall system architecture. The system design specifications serve as input for the next phase of the model.<br />
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<span style="color: purple;">3) Implementation / Coding: </span></h4>
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On receiving system design documents, the work is divided in modules/units and actual coding is started. Since, in this phase the code is produced so it is the main focus for the developer. This is the longest phase of the software development life cycle.</div>
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<span style="color: purple;">4) Testing: </span></h4>
After the code is developed it is tested against the requirements to make sure that the product is actually solving the needs addressed and gathered during the requirements phase. During this phase unit testing, integration testing, system testing, acceptance testing are done.</div>
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<span style="color: purple;">5) Deployment: </span></h4>
After successful testing the product is delivered / deployed to the customer for their use.</div>
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<span style="color: purple;">6) Maintenance:</span> </h4>
Once when the customers starts using the developed system then the actual problems comes up and needs to be solved from time to time. This process where the care is taken for the developed product is known as maintenance.</div>
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<span style="color: blue;">Database Management System (</span><span style="color: blue;">DBMSs).</span></h3>
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A collection of programs that enables you to store, modify, and extract information from a database. There are many different types of DBMSs, ranging from small systems that run on personal computers to huge systems that run on mainframes. The following are examples of database applications:<br />
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<b><span style="color: red;"></span></b> computerized library systems.</div>
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<b><span style="color: red;"></span></b> automated teller machines.</div>
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<b><span style="color: red;"></span></b> flight reservation systems.</div>
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<b><span style="color: red;"></span></b> computerized parts inventory systems.<br />
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From a technical standpoint, DBMSs can differ widely. The terms relational, network, flat, and hierarchical all refer to the way a DBMS organizes information internally. The internal organization can affect how quickly and flexibly you can extract information. Requests for information from a database are made in the form of a query, which is a stylized question. For example, the query SELECT ALL WHERE NAME = "SMITH" AND AGE > 35 requests all records in which the NAME field is SMITH and the AGE field is greater than 35.<br />
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The set of rules for constructing queries is known as a query language. Different DBMSs support different query languages, although there is a semi-standardized query language called SQL (structured query language). Sophisticated languages for managing database systems are called fourth-generation languages, or 4GLsfor short. The information from a database can be presented in a variety of formats. Most DBMSs include a report writer program that enables you to output data in the form of a report. Many DBMSs also include a graphics component that enables you to output information in the form of graphs and charts.</div>
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<span style="color: blue;"><span style="color: blue;">Enterprise Resource Planning (</span>ERP) Software.</span></h3>
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Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions. ERP software integrates all facets of an operation, including product planning, development, manufacturing processes, sales and marketing. Enterprise resource planning (ERP) is business management software usually a suite of integrated applications that a company can use to store and manage data from every stage of business, including:<br />
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<b><span style="color: red;"></span></b> Product planning, cost and development.</div>
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<b><span style="color: red;"></span></b> Manufacturing.</div>
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<b><span style="color: red;"></span></b> Marketing and sales.</div>
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<b><span style="color: red;"></span></b> Inventory management.</div>
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<b><span style="color: red;"></span></b> Shipping and payment.<br />
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ERP provides an integrated real-time view of core business processes, using common databases maintained by a database management system. ERP systems track business resources cash, raw materials, production capacity and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across the various departments (manufacturing, purchasing, sales, accounting, etc.) that entered the data. ERP facilitates information flow between all business functions, and manages connections to outside stakeholders.<br />
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Enterprise system software is a multi-billion dollar industry that produces components that support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Though early ERP systems focused on large enterprises, smaller enterprises increasingly use ERP systems.<br />
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Organizations consider the ERP system a vital organizational tool because it integrates varied organizational systems and facilitates error-free transactions and production. However, ERP system development is different from traditional systems development. ERP systems run on a variety of computer hardware and network configurations, typically using a database as an information repository.</div>
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<span style="color: blue;">Computer Memory.</span></h3>
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Memory is an essential element of a computer. Without its memory, a computer is of hardly any use. Memory plays an important role in saving and retrieving data. The performance of the computer system depends upon the size of the memory. Memory is of following types:</div>
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1. Primary Memory / Volatile Memory.</div>
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2. Secondary Memory / Non Volatile Memory.<br />
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<span style="color: #cc0000;">1. Primary Memory / Volatile Memory:</span><span style="color: red;"> </span></h4>
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Primary Memory is internal memory of the computer. RAM AND ROM both form part of primary memory. The primary memory provides main working space to the computer. The following terms comes under primary memory of a computer are discussed below:</div>
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<span style="color: purple;">Random Access Memory (RAM):</span> </h4>
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The primary storage is referred to as random access memory (RAM) because it is possible to randomly select and use any location of the memory directly store and retrieve data. It takes same time to any address of the memory as the first address. It is also called read/write memory. The storage of data and instructions inside the primary storage is temporary. It disappears from RAM as soon as the power to the computer is switched off. The memories, which lose their content on failure of power supply, are known as volatile memories .So now we can say that RAM is volatile memory.</div>
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<span style="color: purple;">Read Only Memory (ROM):</span> </h4>
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There is another memory in computer, which is called Read Only Memory (ROM). Again it is the ICs inside the PC that form the ROM. The storage of program and data in the ROM is permanent. The ROM stores some standard processing programs supplied by the manufacturers to operate the personal computer. The ROM can only be read by the CPU but it cannot be changed. The basic input/output program is stored in the ROM that examines and initializes various equipment attached to the PC when the power switch is ON. The memories, which do not lose their content on failure of power supply, are known as non-volatile memories. ROM is non-volatile memory.</div>
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<span style="color: purple;">Programmable Read Only Memory (PROM): </span></h4>
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There is another type of primary memory in computer, which is called Programmable Read Only Memory (PROM). You know that it is not possible to modify or erase programs stored in ROM, but it is possible for you to store your program in PROM chip. Once the programmers’ are written it cannot be changed and remain intact even if power is switched off. Therefore programs or instructions written in PROM or ROM cannot be erased or changed.</div>
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<span style="color: purple;">Erasable Programmable Read Only Memory (EPROM): </span></h4>
This stands for Erasable Programmable Read Only Memory, which overcome the problem of PROM & ROM. EPROM chip can be programmed time and again by erasing the information stored earlier in it. Information stored in EPROM exposing the chip for some time ultraviolet light and it erases chip is reprogrammed using a special programming facility. When the EPROM is in use information can only be read.<br />
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<i><span style="color: red;"></span> <b>Cache Memory:</b></i><br />
The speed of CPU is extremely high compared to the access time of main memory. Therefore the performance of CPU decreases due to the slow speed of main memory. To decrease the mismatch in operating speed, a small memory chip is attached between CPU and Main memory whose access time is very close to the processing speed of CPU. It is called CACHE memory. CACHE memories are accessed much faster than conventional RAM. It is used to store programs or data currently being executed or temporary data frequently used by the CPU. So each memory makes main memory to be</div>
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faster and larger than it really is. It is also very expensive to have bigger size of cache memory and its size is normally kept small.<br />
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<b><i><span style="color: red;"></span> Registers: </i></b><br />
The CPU processes data and instructions with high speed; there is also movement of data between various units of computer. It is necessary to transfer the processed data with high speed. So the computer uses a number of special memory units called registers. They are not part of the main memory but they store data or information temporarily and pass it on as directed by the control unit.</div>
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<span style="color: #cc0000;">2. Secondary Memory / Non-Volatile Memory: </span></h4>
Secondary memory is external and permanent in nature. The secondary memory is concerned with magnetic memory. Secondary memory can be stored on storage media like floppy disks, magnetic disks, magnetic tapes, This memory can also be stored optically on Optical disks - CD-ROM. The following terms comes under secondary memory of a computer are discussed below:</div>
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<span style="color: purple;">Magnetic Tape: </span></h4>
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Magnetic tapes are used for large computers like mainframe computers where large volume of data is stored for a longer time. In PC also you can use tapes in the form of cassettes. The cost of storing data in tapes is inexpensive. Tapes consist of magnetic materials that store data permanently. It can be 12.5 mm to 25 mm wide plastic film-type and 500 meter to 1200 meter long which is coated with magnetic material. The deck is connected to the central processor and information is fed into or read from the tape through the processor. It’s similar to cassette tape recorder.</div>
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<span style="color: purple;">Magnetic Disk:</span> </h4>
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You might have seen the gramophone record, which is circular like a disk and coated with magnetic material. Magnetic disks used in computer are made on the same principle. It rotates with very high speed inside the computer drive. Data is stored on both the surface of the disk. Magnetic disks are most popular for direct access storage device. Each disk consists of a number of invisible concentric circles called tracks. Information is recorded on tracks of a disk surface in the form of tiny magnetic spots. The presence of a magnetic spot represents one bit and its absence represents zero bit. The information stored in a disk can be read many times without affecting the stored data. So the reading operation is nondestructive. But if you want to write a new data, then the existing data is erased from the disk and new data is recorded. For Example- Floppy Disk.</div>
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<span style="color: purple;">Optical Disk:</span> </h4>
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With every new application and software there is greater demand for memory capacity. It is the necessity to store large volume of data that has led to the development of optical disk storage medium. Optical disks can be divided into the following categories:</div>
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1. Compact Disk/ Read Only Memory (CD-ROM</div>
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2. Write Once, Read Many (WORM)</div>
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3. Erasable Optical Disk</div>
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<span style="color: blue;">Core Banking Software.</span></h3>
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"Core Banking Software" is a troublesome term because every banking software vendor has its own definition! Strategic Information Technology defines core banking software as the functionality required to run a bank or credit union. Period. SIT's Portfolio Plus core banking includes:<br />
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<b><span style="color: red;"></span></b> Retail Banking (includes EFT, Checking, Savings, Teller functionality, etc.)</div>
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<b><span style="color: red;"></span></b> Lines of Credit & Segregated Lines of Credit.</div>
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<b><span style="color: red;"></span></b> Loans.</div>
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<b><span style="color: red;"></span></b> Mortgages.</div>
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<b><span style="color: red;"></span></b> Web Banking.</div>
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<b><span style="color: red;"></span></b> Investments (Includes retirement plans).</div>
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<b><span style="color: red;"></span></b> Clearing.</div>
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<b><span style="color: red;"></span></b> Term Deposits.</div>
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<b><span style="color: red;"></span></b> Accounting and more.<br />
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<div style="text-align: justify;">
In addition, there are many third party interfaces that a core banking system must accommodate. These include:</div>
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<b><span style="color: red;"></span></b> CANNEX.</div>
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<b><span style="color: red;"></span></b> ATM & ABM.</div>
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<b><span style="color: red;"></span></b> FundSERV.</div>
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<b><span style="color: red;"></span></b> Tel-pay.</div>
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<b><span style="color: red;"></span></b> Check Clearing.</div>
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<b><span style="color: red;"></span></b> Equifax.</div>
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<b><span style="color: red;"></span></b> Trans Union.</div>
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<b><span style="color: red;"></span></b> Point of Sale (POS).</div>
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<b><span style="color: red;"></span></b> Loan Insurance.<br />
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<b><span style="background: white; color: #5f497a; font-size: 16.0pt;">SN<o:p></o:p></span></b></div>
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<b><span style="color: #5f497a; font-size: 16.0pt;">Vendor<span style="background: white;"><o:p></o:p></span></span></b></div>
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<b><span style="color: #5f497a; font-size: 14.0pt;">Application.<o:p></o:p></span></b></div>
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<b><span style="color: #5f497a; font-size: 14.0pt;">Software System</span></b><b><span style="color: #5f497a; font-size: 16.0pt;"><o:p></o:p></span></b></div>
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<b><span style="color: #5f497a; font-size: 16.0pt;">Core Link<span style="background: white;"><o:p></o:p></span></span></b></div>
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<span style="background: white; mso-bidi-font-size: 12.0pt;">1<o:p></o:p></span></div>
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FIS | Fidelity National Information
Services<o:p></o:p></div>
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Corebank, BancPac etc<o:p></o:p></div>
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<span style="background: white; color: #c00000;">FIS<o:p></o:p></span></div>
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<span style="background: white; mso-bidi-font-size: 12.0pt;">2<o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 22.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 207.0pt;" valign="top" width="276"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
TEMENOS<span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
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T24<span style="background: white; mso-bidi-font-size: 12.0pt;"><o:p></o:p></span></div>
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<span style="color: #c00000;">TEMENOS</span><span style="background: white; color: #c00000;"><o:p></o:p></span></div>
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<span style="background: white; mso-bidi-font-size: 12.0pt;">3<o:p></o:p></span></div>
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Oracle Financial Services
Software<o:p></o:p></div>
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Oracle Banking Platform,<o:p></o:p></div>
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Micro banker,<o:p></o:p></div>
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<span style="color: #c00000;">FNIS</span><span style="background: white; color: #c00000;"><o:p></o:p></span></div>
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<span style="background: white; mso-bidi-font-size: 12.0pt;">4<o:p></o:p></span></div>
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Infosys Technologies<o:p></o:p></div>
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Finacle<o:p></o:p></div>
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<span style="color: #c00000;">Infosys</span></div>
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<h4>
<span style="color: #990000;">Core Banking Software used in our country:
</span></h4>
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<div style="text-align: justify;">
1. Flora UBS: NCCB, Jamuna, Trurt, MTBL
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2. Oracle : DBBL, ONE Etc
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3. Bankers Solution.
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4. Temenos T24: Sonali Bank
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5. Infinity: Janata
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<h3 style="text-align: justify;">
<span style="color: blue;"><br />Use of computer in cash management.</span></h3>
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Cash management refers to a broad area of finance involving the collection, handling, and
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<div style="text-align: justify;">
usage of cash. It involves assessing market liquidity, cash flow, and investments.
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In banking, cash management, or treasury management, is a marketing term for certain
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services related to cash flow offered primarily to larger business customers. It may be used to
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describe all bank accounts (such as checking accounts) provided to businesses of a certain
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size, but it is more often used to describe specific services such as cash concentration, zero
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balance accounting, and automated clearing house facilities. Sometimes, private banking
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customers are given cash management services.
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Financial instruments involved in cash management include money market funds, treasury
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bills, and certificates of deposit.
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</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com5tag:blogger.com,1999:blog-3781064339632712289.post-58340080743986320782017-02-04T07:58:00.000-08:002017-02-06T06:16:43.493-08:00Data Center<div dir="ltr" style="text-align: left;" trbidi="on">
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<h3 style="text-align: left;">
<span style="color: blue;">Data Center Definition</span></h3>
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A data center is a computer system's most important and vulnerable component. At its most basic, the data center is a physical place that houses a computer network's most critical systems, including backup power supplies, air conditioning, and security applications. We're talking a large amount of data here, stored in a large number of computers.<br />
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<a href="https://3.bp.blogspot.com/-L6ol76HjIqM/WJWOsAgebAI/AAAAAAAACYI/aM-neYsRAMQJzjxkEgi9MVeFuVL2uGNiwCLcB/s1600/data%2Bcenter.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="239" src="https://3.bp.blogspot.com/-L6ol76HjIqM/WJWOsAgebAI/AAAAAAAACYI/aM-neYsRAMQJzjxkEgi9MVeFuVL2uGNiwCLcB/s320/data%2Bcenter.jpg" width="320" /></a></div>
A typical example of a company that almost certainly has a data center is a bank or other kind of financial institution. A bank's data center will have a mainframe or other kind of computer network, on which customers' account information and other data are stored. A university will also have a data center, which includes not only personal information about the university's employees and students, but also information on the university's buildings, construction projects, and physical and intellectual history.These kinds of data centers contain information that is critical to the continued operation of the bank, university, or other business. Therefore, that data cannot be lost. Security measures surrounding such data centers are usually very strong, as are systems of climate control that keep the data center's computer systems from malfunctioning. Data centers will also almost certainly contain backup computers or mirror drives that protect against massive data loss. Such backup computers or mirror drives are routinely dependent not only on electronic power but also on battery power, so that they can continue to function in the case of an interruption of electronic power.</div>
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Other kinds of data centers can be found in government institutions; companies that have multiple headquarters; and providers of electronic services such as television, mobile phones, and the like. A data center can also be a single computer, storing and accessing one company's or one person's critical data. Smaller data centers usually have less complicated forms of data protection. No matter the size, all data centers serve the same function: to compile and protect the data of a person or company.</div>
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<h4 style="text-align: justify;">
<span style="color: purple;">How Does a Data Center Work?</span></h4>
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A data center's primary function is to centralize and organize the data processing and other information technology (IT) services of a business or other organization. Locating all the computer hardware in a special, climate-controlled environment makes it far easier for IT to manage both the servers and the applications and data they hold. Data centers are generally sorted into two classifications: </div>
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<i><span style="color: red;"></span><b> Enterprise Data Centers </b></i><br />
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<a href="https://1.bp.blogspot.com/-7Vp1a_sOR9M/WJXTnbuxOqI/AAAAAAAACYY/JWMtClIoKvQCkk5ftrKJDYovPh5fGKQjwCLcB/s1600/enterprize%2Bdata%2Bcenter.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="115" src="https://1.bp.blogspot.com/-7Vp1a_sOR9M/WJXTnbuxOqI/AAAAAAAACYY/JWMtClIoKvQCkk5ftrKJDYovPh5fGKQjwCLcB/s200/enterprize%2Bdata%2Bcenter.jpg" width="200" /></a></div>
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<b style="color: magenta;">o </b>The servers in these centers host the data and applications of a corporation or other entity.</div>
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<b style="color: magenta;">o </b>Access is generally restricted to employees and other approved users, rather than the public.</div>
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<i><span style="color: red;"></span><b> Internet data centers </b></i></div>
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<b><span style="color: magenta;">o</span></b> The servers in these data centers are public and usually have a browser-based interface.</div>
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<b><span style="color: magenta;">o</span></b> They may have thousands of (most likely anonymous) users.</div>
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As a rule, enterprise data centers are used by small to medium businesses, or private users (e.g., gamers) looking to centralize their computer operations. Internet data centers are used by large corporations and companies whose goods and services are provided to the public via their servers (e.g., Amazon's cloud storage and instant video services, Apple's i-cloud, etc.). </div>
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<span style="color: purple;">Enterprise or Internet, all data centers have certain features in common, including: </span></h4>
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The data center facility. This is the physical location and “white space,” (i.e., the space available for servers and other IT equipment). Support Infrastructure This equipment is responsible for ensuring the data center has the highest up-time rate possible. The opposite of downtime, up-time is the amount of time in a given period when a server, website, or application is running properly. </div>
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The Up-time Institute (a third-party body that establishes and governs the criteria for data center layout and management) has created four tiers under which data centers can fall. Up-time standards for these tiers range 99.671% to 99.995%, with Tier One having the lowest up-time minimum, and Tier Four having the highest. The standards for each tier are as follows:<br />
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<b><span style="color: red;"> Tier 1:</span></b> Non-redundant capacity components (single data up-link and servers).</div>
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<b><span style="color: red;">Tier 2:</span></b> Tier 1 plus redundant capacity components.</div>
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<b><span style="color: red;"> Tier 3:</span></b> Tiers 1 and 2, plus some dual-powered equipment and multiple data up-links.</div>
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<b><span style="color: red;"> Tier 4:</span></b> Tiers 1, 2, and 3, plus fully fault-tolerant components and support tech, including storage, data up-links, and HVAC components. Everything in the center is dual-powered.</div>
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<span style="color: purple;">Support infrastructure components include: </span></h4>
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<b><i><span style="color: red;"></span> Environmental Control Systems: </i></b></div>
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o Computer room air conditioners (CRAC)</div>
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o Advanced exhaust systems (to remove excess heat and moisture)</div>
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o Heating, ventilation, and air conditioning (HVAC) systems</div>
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o Custom architectural design to maximize equipment performance (e.g., elevated floors)</div>
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<i><span style="color: red;"></span><b> Uninterruptible power sources (UPS):</b></i> </div>
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o Generators</div>
<span style="text-align: justify;">o Redundant power sources</span><br />
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o Battery arrays</div>
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<b><i><span style="color: red;"></span> Physical security: </i></b></div>
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<span style="color: magenta;">o</span> Video surveillance equipment</div>
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<span style="color: magenta;">o</span> Reinforced construction </div>
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<span style="color: magenta;">o</span> Bio-metrics (e.g., fingerprint and retina scanners)</div>
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<span style="color: magenta;">o</span> install the Right Sensor-probe.<br />
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For optimum security monitoring, choose a Security-probe model. The Security-probe has the same easy-to-use web interface as the Bit-sight with a Linux operating system that offers 128 MB of Flash and 64 MB of SDRAM. With 8 ports for sensors and connections for 4 external cameras on each Security-probe, you can monitor all of your security conditions from a single interface.</div>
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* Monitor All Potential Entry Points. </div>
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In order for a security breach to occur, an unauthorized person must be able to physically gain access to the data center and do so unnoticed. Make sure that doesn’t happen by installing a security sensor on every door, window, or emergency exit that could provide access to the data center. The security sensor has a magnetic open/close switch that will trigger an automatic alert when any entry point is accessed.</div>
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* Install Motion Detectors. </div>
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As another line of defense, install a motion detector at key locations that will alert security personnel that a potential security issue is occurring. The Ravica motion sensor has a RJ45 jack to plug directly into a port on the Security-probe.</div>
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* Integrate High Quality Security Cameras. </div>
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Install a variety of security cameras including fixed and Pan/Tilt cameras that can proactively capture crucial images as the events occur.With the Ravica web-interface, you can set up notifications that will automatically trigger a time-stamped, picture log when an event occurs with the security sensor, motion detector or any other sensor. The pictures are captured in a standard JPEG format at up to 640 x 480 pixels, so you get a clear image of the event.</div>
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* Send a Loud and Clear Message Regarding Security. </div>
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Not only can notifications be set up to send email, voice, or text alerts to security personnel when a potential security breach is occurring; you can also include a siren/strobe light that can be triggered automatically by an alarm status on any other sensor. The siren/strobe can also be triggered manually from the web-interface, deterring nefarious activity and giving a call-to-action signal to other personnel in the vicinity of the breach.</div>
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<i>IT computers and equipment:</i><br />
This is the equipment necessary for running the organization's network and storing its data. IT equipment includes: -Servers -Cabling - Security hardware (e.g., firewalls, routers) -Storage and racks.<br />
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<i>IT operations staff:</i><br />
These people monitor and maintain both the network and the hardware on which it resides as well as the infrastructure equipment that supports the entire data center 24/7. Because instant and always-on access to the Internet or even a company intranet is now the norm, data centers run 'round the clock to ensure the content they contain is accessible at all times. In order to maximize up-time, they often rely on a sophisticated array of redundant power supplies and data management systems. These systems can keep websites, files, or applications available even if connection, power, or hardware issues arise.</div>
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<span style="color: blue;">Disaster Recovery (DR) Plan.</span></h3>
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Setup a full replica of critical data from one location onto another physical location that can scale. A Disaster Recovery plan typically includes creating a duplicate of the original business site, with full computer systems as well as near-complete backups of user data. Following a disaster, businesses can relocate to normal operations in a matter of hours with minimal losses.<br />
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I-Backup now offers Disaster Recovery plan for data for small to medium sized businesses. You can setup the Disaster Recovery plan from your office to another branch office or even to your home. With a few simple steps, you can replicate the data that can scale, one way from the primary location to the secondary location. </div>
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<span style="color: purple;">Steps to setup your organization’s Data Disaster Recovery plan:</span></h4>
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<b>Step 1</b></div>
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Schedule regular transfers (Backup) from the primary center to your I-Backup account. The data is transferred with all possible optimizations including encrypted and compressed delta transfers and incremental transfers - i.e. only new files and modified portions of the already backed up file(s) are backed up after the initial first backup. </div>
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<b>Step 2</b></div>
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Schedule regular transfers (Restore) from I-Backup account to your disaster recovery site. The data is transferred with all possible optimizations as described in Step 1. You can optimize the schedules of your backups and restore to keep data almost mirrored between primary and disaster recovery sites, with minimal delay. This solution is reliable, scalable to multiple terabytes of data and efficient. You will have primary and secondary locations with full copy of data, and in addition, a copy available on the web accessible from anywhere.</div>
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<span style="color: purple;">Some key features that are part of the I-Backup Disaster Recovery Solution:</span></h4>
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<b><span style="color: red;"></span></b> Highly scalable and reliable</div>
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<b><span style="color: red;"></span></b> Data is encrypted with 256 bit AES with optional private key for additional security during transit</div>
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<b><span style="color: red;"></span></b> Data is never deleted from the disaster recovery site even if it is deleted from the primary site</div>
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<b><span style="color: red;"></span></b> Open files (such as quick-books, outlook and other database type files) are also mirrored while they are in use.</div>
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<span style="color: blue;">Factors and Approach of Disaster Recovery Site Selection .</span></h3>
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Disaster recovery is an important aspect of a company’s strategy for<br />
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providing uninterrupted services to its customers and end users. With a robust DR/BCP program in-place, various business outcomes can be achieved. Some of them are: improved business operations, improved performance, agility and availability, reduced disruptions and loss to business, and higher customer satisfaction.</div>
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For a DR strategy to work as per design, one of the important contributors is DR site as it will define service availability to customers during disasters. Further section details about factors to be considered for DR site selection with an approach.</div>
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<b><span style="color: purple;">Factors to Consider</span></b></h4>
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DR site is very crucial for any business as it will help to keep business running in adverse scenarios. DR site selection is crucial decision as it will impact availability of services to client, RPO/RTO requirements and service performance. Some of the <b><i>factors</i></b> which need to be considered are:</div>
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<b>1. Data Center Tier – </b></div>
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<a href="https://2.bp.blogspot.com/-9_b11exxEvY/WJXY4xwQOqI/AAAAAAAACZY/tqpVVsqsknAyJunqmRuHa6y4astwTIZSQCLcB/s1600/Data-center%2Btiers.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="190" src="https://2.bp.blogspot.com/-9_b11exxEvY/WJXY4xwQOqI/AAAAAAAACZY/tqpVVsqsknAyJunqmRuHa6y4astwTIZSQCLcB/s200/Data-center%2Btiers.png" width="200" /></a>Data-center tiers are divided across Tier 1 (basic data center with availability of 99.67%), Tier 2 (redundant infrastructure components with availability of 99.74%), Tier 3 (has all attributes of tier1 and 2 and in addition has multiple distribution paths, dual powered etc. with availability of 99.98%) and Tier 4 (has all capabilities of prior tiers with completely redundant and highly available infrastructure and availability of 99.995%). Based on the requirement of various applications and availability, DR site tiers have to be decided.</div>
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<b>2. Distance from Primary Data Center –</b> </div>
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Another factor which will help us determine site for DR is the distance between primary and DR site. This is crucial since it will affect latency and performance of applications. As an illustration, if DR data center is housed at a larger distance, client will not be able to mirror data in real time in an effective manner. This will cause a risk that data will be lost if we need to switch to DR site in event of a disaster. On other hand, if distance is too small, data-backup will be efficient but it will pose other threats.</div>
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<b>3. Seismic Zone Details – </b></div>
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Seismic zone is a region where seismic activity remains fairly constant. Each nation has divided entire area in various zones and the data is readily available in public domain. From DR site selection perspective, Primary and DR sites should be preferably in different seismic zones as it will help to curb issues arising from various seismic activities. </div>
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<b>4. Environment Details – </b></div>
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Next factor to consider is environment details of the area, these could be weather details, environmental hazards etc. This will help to plan out various things like resource availability, environmental cleaning mechanisms (if required), site construction and maintenance etc.</div>
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<b>5. Third party services availability –</b> </div>
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For any data center site, we require to interact with a number of third parties and service providers like utilities, telecom etc. This will become more critical in case of a DR site, as the site is not up and running for 100% of the time. Two important considerations are Availability of service (whether service is available 24X7 for 365 days or for some limited period) and SLAs (what are the SLAs for the services provided by third parties? This is critical parameter as based on this, company will confirm on the SLAs with business and its customers).</div>
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<b>6. Accessibility of Data Center – </b></div>
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Next factor will be accessibility to DR site. This will become crucial in case disaster occurs and we need to switch operations to DR site. If the site is accessible, operations can be resumed faster. This will focus on Modes of transportation to reach DR site, Proximity to airport etc.</div>
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<b>7. Capacity Available for Further Expansion – </b></div>
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Capacity and scalability of DR site has to be looked into considering future growth plans.</div>
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<b>8. Network Latency – </b></div>
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For DR strategy to work as per requirement, data has to be copied from primary data-center to DR. Network latency plays a major role in this and becomes a crucial factor while deciding for DR site.</div>
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<b>9. Cost Implications – </b></div>
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Last but not the least is cost implications of building a DR site at a particular location. This involves both CAPEX and OPEX. Once factors are finalized for DR site selection, next action will be to select a site based on it. Next section defines about the approach for the same.</div>
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<span style="color: purple;">DR Site Selection Approach</span></h4>
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Approach for selecting a DR site is very similar to ones which we use for making most of business decisions. It includes data collection, followed by assessment and decision. Before a company starts the process of site selection for its DR Data-center, company should have made a decision on Primary data-center site and DR strategy is in place. Post this, below <i><b>approach </b></i>will help to select a site for DR Data-center :</div>
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<b>Step 1 – Requirement gathering: </b></div>
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During this phase, DR strategy and policies formulated by company should be well understood. In addition to that various application requirements w.r.t. RPO/RTO and SLAs have to be collected and documented. </div>
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<b>Step 2 – Assessment: </b></div>
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Post data collection, next step is to assess the requirements and finalize various factors that need to be considered for site selection. Some of the above mentioned factors will help on the same. Weighted score method can be used to work on various options that are available for DR site. Below diagram depicts an illustrative weighted score method for site selection.</div>
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<b>Step 3 – Decision/Report: </b></div>
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Based on analysis, weighted score method and experience, final decision need to be taken for DR site selection.In summary, selecting a DR site is an important step in customer’s journey to build a world </div>
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class infrastructure for servicing its customers. With a well-defined DR strategy and site selection process, it will become easier for companies to succeed in its business goals.</div>
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<span style="color: blue;">Branch Banking (BB)</span></h3>
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Any Branch Banking (ABB) is a facility for our customers to operate their account from any of our networked branches. The branch where the customer maintains his account is the base branch and the branch from where he carries out his transactions is referred as the remote branches. Any Branch Banking facility is available in ALL branches of Corporation Bank.</div>
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<span style="color: #990000;">Facilities available under any BB: </span></h4>
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<span style="color: purple;">Cash Withdrawal: </span></h4>
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You can withdraw cash from your account from any of our Core connected branches by presenting a self drawn cheque. This facility is not extended for withdrawals by any third party. Maximum amount of cash that can be withdrawn across the Bank on a particular day is Rs One Lakh only.</div>
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<b><span style="color: purple;">Cash Deposit: </span></b></h4>
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Deposit cash for credit of your account through any of our core connected branches. Maximum amount of cash that can be deposited across the Bank on a particular day is $1500 only.</div>
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<b><span style="color: purple;">Fund Transfers: </span></b></h4>
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Instantly transfer funds between your accounts or between your account and any third party account maintained at different core connected branches. </div>
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<b><span style="color: purple;">Purchase of Demand Drafts / Pay Orders: </span></b></h4>
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Purchase demand drafts / pay orders at any remote branch by debiting your account maintained at the base branch.</div>
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<b><span style="color: purple;">Deposit of Local Check: </span></b></h4>
You can deposit local cheques at remote branches for crediting the proceeds after realization to your account maintained at base branches.<br />
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<b><span style="color: purple;">Stop Payment facility at Remote Branches: </span></b></h4>
You can give instructions to Stop Payment of cheques issued by you at any of our branches by simply giving a written request. You can also revoke the stop payment instruction issued by you earlier<br />
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<b><span style="color: purple;">Repayment to Loan accounts: </span></b></h4>
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Now you can make repayments to your loans such as Home Loan, Vehicle Loan, etc. held with your branch through any of the Corp Bank Branches by Cash / Local cheque.<br />
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<span style="color: blue;">Types of Computer Networks.</span></h3>
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LAN and WAN were the original categories of computer area networks, while the others have gradually emerged over many years of technology evolution. There are different types of computer networks. Some of the common ones include;<br />
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<span style="color: purple;">1. Local Area Network (LAN) – </span></h4>
These types of computer networks connect network devices over a relatively short distance. Quite often, a networked office building, home or school contains a single LAN although it is normal to come across a building that contains a few small LANs. On a few occasions, a LAN may also span over a group of nearby buildings. Such computer networks are usually owned by one organisation.<br />
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<span style="color: purple;">2. Wide Area Network (WAN) – </span></h4>
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As the name suggests, a WAN spans over a large physical distance. It may be regarded as a collection of LANs dispersed over a geographical area. The internet is a very good example of a WAN. LANs are connected to a WAN through a device referred to as a router. In IP networking, both the LAN and WAN addresses are maintained by the router. Most WANs exist under distributed or collective ownership and management and unlike the LANs, are not necessarily owned by one organisation perfectly.<br />
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<span style="color: purple;">3. Wireless Local Area Network (WLAN) – </span></h4>
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These types of computer networks refer to LANs that are based on Wi-Fi wireless network technology.<br />
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<span style="color: purple;">4. Metropolitan Area Network (MAN) – </span></h4>
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This is a network that spans over a physical area like a city that is smaller than a WAN but larger than a LAN. Quite often, such computer networks are owned and operated by single entities such as government bodies or large corporations.<br />
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<span style="color: purple;">5. Campus Area Network (CAN) – </span></h4>
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This type of network spans over multiple LANs but is generally smaller than a MAN. You could find such computer networks in universities or local business campuses.<br />
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<span style="color: purple;">6. Storage Area Network (SAN) – </span></h4>
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This type of computer network connects servers to devices for data storage using technology such as Fiber channel.<br />
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<span style="color: purple;">7. System Area Network – <div class="separator" style="clear: both; text-align: center;">
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This type of computer network is also referred to as a Cluster Area Network. It links high-performance computers in a cluster configuration with high-speed connections.<br />
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<span style="color: blue;"><br /></span></h3>
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<span style="color: blue;">Business Continuity Plan (BCP)</span></h3>
<span style="text-align: left;">Business continuity planning involves developing a practical plan for how your business can </span><span style="text-align: left;">prepare for, and continue to operate after an incident or crisis. A business continuity plan will </span>help you to:<br />
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<span style="text-align: left;"><span style="color: red;"><b></b></span> identify and prevent risks where possible. </span></div>
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<span style="text-align: left;"><span style="color: red;"><b></b></span> prepare for risks that you can't control. </span></div>
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<span style="color: red;"><b></b></span> respond and recover if a risk (e.g. an incident or crisis) occurs.</div>
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Preparing a business continuity plan will help your business recover quickly if an incident does happen. You may not be able to predict every kind of incident that could threaten your business, but you can develop a plan that covers a range of incidents (e.g. natural disasters, computer problems, staffing issues). </div>
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To get the most out of a business continuity plan, you should include a schedule for testing and updating it, making sure you take into account any changes to your business, your industry, or the location you operate in. </div>
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<span style="color: purple;">Steps Regarding BCP </span></h4>
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<span style="color: red;"><b> </b></span>Document internal key personnel and backups. These are people who fill positions without which your business absolutely cannot function make the list as large as necessary but as small as possible. </div>
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</span><span style="text-align: left;"><div style="text-align: justify;">
<b><span style="color: red;"></span></b> Consider which job functions are critically necessary, every day. Think about who fills those positions when the primary job-holder is on vacation. </div>
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</span><span style="text-align: left;"><div style="text-align: justify;">
<b><span style="color: red;"></span></b> Make a list of all those individuals with all contact information including business phone, home phone, cell phone, pager, business email, personal email, and any other possible way of contacting them in an emergency situation where normal communications might be unavailable.</div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com14tag:blogger.com,1999:blog-3781064339632712289.post-44595852167581493492017-02-03T09:41:00.002-08:002017-02-06T06:17:22.758-08:00Computing in Banking<div dir="ltr" style="text-align: left;" trbidi="on">
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<h3>
<span style="color: blue;">Computer</span></h3>
Computer is an electronic device for storing and processing data, typically in binary form, according to instructions given to it in a variable program.<br />
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A computer is a device that accepts information and manipulates it for some result based on a program or sequence of instructions on how the data is to be processed.<br />
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An electronic device that stores and manipulates information. Unlike a calculator, it is able to store a program and retrieve information from its memory. Most computers today are digital, which means they perform operations with quantities represented electronically as digits.<br />
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A computer is a programmable machine. The two principal characteristics of a computer are: It responds to a specific set of instructions in a well-defined manner and it can execute a prerecorded list of instructions (a program).<br />
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A computer is a device that can be instructed to carry out an arbitrary set of arithmetic or logical. The defining feature of modern computers which distinguishes them from all other machines is that they can be programmed.<br />
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An electronic machine that is used for storing, organizing, and finding numbers, pictures and words for doing calculation and controlling other machines.<br />
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A device that computes,especially a programmable electronic machine that performs high-speed mathematical or logical operations or that assembles, stores, correlates, or otherwise processes information. Such a device along with peripherals, especially a monitor, keyboard and mouse.(collected).</div>
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<span style="color: blue;"><br /></span><span style="color: blue;">Generation of Computer</span></h3>
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<span style="text-align: justify;">The history of computer development is often referred to in reference to the different generations of computing devices. Each of the five generations of computers is characterized by a major technological development that fundamentally changed the way computers operate, resulting in increasingly smaller, cheaper, more powerful and more efficient and reliable computing devices. Our journey starts in 1940 with vacuum tube circuitry and goes to the present day and beyond with artificial intelligence.</span></div>
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<span style="color: purple;">First Generation (1940-1956) Vacuum Tubes</span></h4>
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The first computers used vacuum tubes for circuitry and magnetic drums for memory, and were often enormous, taking up entire rooms. They were very expensive to operate and in addition to using a great deal of electricity, generated a lot of heat, which was often the cause of malfunctions.First generation computers relied on machine language, the lowest-level programming language understood by computers, to perform operations, and they could only solve one problem at a time. Input was based on punched cards and paper tape, and output was displayed on printouts. The UNIVAC and ENIAC computers are examples of first-generation computing devices. The UNIVAC was the first commercial computer delivered to a business client, the U.S. Census Bureau in 1951.</div>
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<span style="color: purple;">Second Generation (1956-1963) Transistors</span></h4>
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Transistors replaced vacuum tubes and ushered in the second generation of computers. The transistor was invented in 1947 but did not see widespread use in computers until the late 1950s. The transistor was far superior to the vacuum tube, allowing computers to become smaller, faster, cheaper, more energy-efficient and more reliable than their first-generation predecessors. Though the transistor still generated a great deal of heat that subjected the computer to damage, it was a vast improvement over the vacuum tube. Second-generation computers still relied on punched cards for input and printouts for output. Second-generation computers moved from cryptic binary machine language to symbolic, or assembly, languages, which allowed programmers to specify instructions in words. High-level programming languages were also being developed at this time, such as early versions of COBOL and FORTRAN. These were also the first computers that stored their instructions in their memory, which moved from a magnetic drum to magnetic core technology.The first computers of this generation were developed for the atomic energy industry.</div>
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<span style="color: purple;">Third Generation (1964-1971) Integrated Circuits</span></h4>
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The development of the integrated circuit was the hallmark of the third generation of computers. Transistors were miniaturized and placed on silicon chips, called semiconductors, which drastically increased the speed and efficiency of computers. Instead of punched cards and printouts, users interacted with third generation computers through keyboards and monitors and interfaced with an operating system, which allowed the device to run many different applications at one time with a central program that monitored the memory. Computers for the first time became accessible to a mass audience because they were smaller and cheaper than their predecessors.</div>
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<span style="color: purple;">Fourth Generation (1971-Present) Microprocessors</span></h4>
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The microprocessor brought the fourth generation of computers, as thousands of integrated circuits were built onto a single silicon chip. What in the first generation filled an entire room could now fit in the palm of the hand. The Intel 4004 chip, developed in 1971, located all the components of the computer from the central processing unit and memory to input/output controls on a single chip. In 1981 IBM introduced its first computer for the home user, and in 1984 Apple introduced the Macintosh. Microprocessors also moved out of the realm of desktop computers and into many areas of life as more and more everyday products began to use microprocessors. As these small computers became more powerful, they could be linked together to form networks, which eventually led to the development of the Internet. Fourth generation computers also saw the development of GUIs, the mouse and handheld devices.</div>
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<span style="color: purple;">Fifth Generation (Present and Beyond) Artificial Intelligence</span></h4>
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Fifth generation computing devices, based on artificial intelligence, are still in development, though there are some applications, such as voice recognition, that are being used today. The use of parallel processing and superconductors is helping to make artificial intelligence a reality. Quantum computation and molecular and nanotechnology will radically change the face of computers in years to come. The goal of fifth-generation computing is to develop devices that respond to natural language input and are capable of learning and selforganization.</div>
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<h3>
<span style="color: blue;">Types of Computer</span></h3>
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Computers can be classified based on their principles of operation or on their configuration. By configuration, we mean the size, speed of doing computation and storage capacity of a </div>
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computer.</div>
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<b><span style="color: red;">** </span>Types of Computer based on Principles of Operation/performance</b></div>
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There are three different types of computers according to the principles of operation. Those three types of computers are -</div>
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Analog Computer</div>
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Digital Computer</div>
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Hybrid Computer</div>
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<span style="color: purple;">Analog Computer</span></h4>
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Analog Computer is a computing device that works on continuous range of values. The results given by the analog computers will only be approximate since they deal with quantities that vary continuously. It generally deals with physical variables such as voltage, pressure, temperature, speed, etc.</div>
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<span style="color: purple;">Digital Computer</span></h4>
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On the other hand a digital computer operates on digital data such as numbers. It uses binary number system in which there are only two digits 0 and 1. Each one is called a bit. The digital computer is designed using digital circuits in which there are two levels for an input or output signal. These two levels are known as logic 0 and logic 1. Digital Computers can give more accurate and faster results. Digital computer is well suited for solving complex problems in engineering and technology. Hence digital computers have an increasing use in the field of design, research and data processing.</div>
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<span style="color: red;">**</span><b> Based on the purpose, Digital computer can be further classified as -</b></div>
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Special Purpose Computer</div>
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General Purpose Computer</div>
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<i>Special purpose</i> computer is one that is built for a specific application. <i>General purpose</i> computers are used for any type of applications. They can store different programs and do the jobs as per the instructions specified on those programs. Most of the computers that we see today, are general purpose computer </div>
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<span style="color: purple;">Hybrid Computer</span></h4>
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A hybrid computer combines the desirable features of analog and digital computers. It is mostly used for automatic operations of complicated physical processes and machines. Nowa-days analog-to-digital and digital-to-analog converters are used for transforming the data into suitable form for either type of computation. For example - In hospital’s ICU, analog devices might measure the patients temperature, blood pressure and other vital signs. These measurements which are in analog might then be converted into numbers and supplied to digital components in the system. These components </div>
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are used to monitor the patient’s vital sign and send signals if any abnormal readings are detected. Hybrid computers are mainly used for specialized tasks.</div>
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<span style="color: red;">** </span><b>Types of Computer based on Configuration/ construction/ capacity/ size</b></div>
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There are five different types of computer when we classify them based on their performance and capacity. The four types are -</div>
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Super Computer</div>
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Mainframe Computer</div>
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Mini Computer</div>
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Micro Computer</div>
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Micro Processor.</div>
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<span style="color: purple;">Super Computer</span></h4>
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When we talk about types of computers, the first type that comes to our mind would be Super computers. They are the best in terms of processing capacity and also the most expensive ones. These computers can process billions of instructions per second. Normally, they will be used for applications which require intensive numerical computations such as stock analysis, weather forecasting etc. Other uses of supercomputers are scientific simulations, (animated) graphics, fluid dynamic calculations, nuclear energy research, electronic design, and analysis of geological data (e.g. in petrochemical prospecting). Perhaps the best known super computer manufacturer is Cray Research. Some of the "traditional" companies which produce super computers are Cray, IBM and Hewlett-Packard. As of July 2009, the IBM Roadrunner, located at Los Alamos National Laboratory, is the fastest super computer in the world.</div>
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<span style="color: purple;">Mainframe Computer</span></h4>
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Mainframe computer can also process data at very high speeds vi.e., hundreds of million instructions per second and they are also quite expensive. Normally, they are used in banking, airlines and railways etc for their applications.</div>
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<span style="color: purple;">Mini Computer</span></h4>
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Mini computer are lower to mainframe computers in terms of speed and storage capacity. They are also less expensive than mainframe computers. Some of the features of mainframes will not be available in mini computers. Hence, their performance also will be less than that of mainframes.</div>
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<span style="color: purple;">Micro Computer</span></h4>
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The invention of microprocessor (single chip CPU) gave birth to the much cheaper micro computer. They are further classified into -</div>
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Desktop Computers</div>
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Laptop Computers</div>
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Handheld Computers(PDAs)</div>
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<b>a) Desktop Computer: </b><br />
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Today the Desktop computers are the most popular computer systems.These desktop computers are also known as personal computers or simply PCs. They are usually easier to use and more affordable. They are normally intended for individual users for their word processing and other small application requirements.</div>
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<b>b) Laptop Computer:</b> </div>
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Laptop computers are portable computers. They are lightweight computers with a thin screen. They are also called as notebook computers because of their small size. They can operate on batteries and hence are very popular with travelers. The screen folds down onto the keyboard when not in use.</div>
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<b>c) Handheld Computer:</b> </div>
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Handheld computers or Personal Digital Assistants (PDAs) are penbased and also battery-powered. They are small and can be carried anywhere. They use a pen like stylus and accept handwritten input directly on the screen. They are not as powerful as desktops or laptops but they are used for scheduling appointments,storing addresses and playing games. They have touch screens which we use with a finger or a stylus.</div>
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<span style="color: purple;">Microprocessor</span></h4>
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<span style="color: blue;">Capabilities & Limitations of Computer.</span></h3>
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Capability is that it can do anything, as required and programmed by the programmers, and users. but the major limitation is that we, the Human cannot fill life into it.</div>
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<span style="color: purple;">Capabilities of computers</span></h4>
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a. speed because they can process data faster </div>
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b. repetitiveness because they can perform same operation tirelessly </div>
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c. accuracy because they have specific results </div>
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d. can perform logical operations </div>
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e. they can store and recall info because it has data storage capability</div>
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f. self checking for they can verifies the accuracy of its own </div>
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g. self operating because its capable of executing instructions</div>
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<span style="color: purple;">Limitations of computers</span></h4>
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1. The computer can only perform the tasks you ask it to. You cannot expect a computer to be smarter than the person running it, though it can sometimes seem that way. Basically, as the person running it .you have to tell the computer what tasks you want it to do. Yes, there are processes in the background, but these run based on preset information built in to the operating system.</div>
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2. A computer cannot generate information by itself. You have to give the computer operations, and even new instructions from time to time. Updates for example are a way to get new information to your computer to help streamline its functionality, but you still have to feed it that information by having an internet connection and automatic updates.</div>
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3. If you give the computer wrong data it is going to give you wrong information. The computer can only work with what you give it. It is just like giving directions to someone. If you tell someone to go right when they should have gone left, you are giving them the wrong information and they will not be able to find you.</div>
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4. Computers are unable to correct wrong instructions. The computer is always going to depend on your instructions, so you have to correct your mistake if you want it to work right.</div>
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5. Overall, a computer was built by humans and new technology comes out all the time. Hardware will eventually fade out and deteriorate. Given these properties it can be hard for a computer to remain a primo machine. These are five limitations computers have. There are more, but note most are based on human interaction with the computer, thus humans are part of the limitation a computer will have.</div>
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<span style="color: blue;">Impact of Computerization in Banking Sector.</span></h3>
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<a href="https://4.bp.blogspot.com/-mKIR1bcmcFE/WJV7D5qLBwI/AAAAAAAACX4/Bayo6Azs3JwAwzKgnRlujr1GUS_dlw7QgCLcB/s1600/computing%2Bin%2Bbanking.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://4.bp.blogspot.com/-mKIR1bcmcFE/WJV7D5qLBwI/AAAAAAAACX4/Bayo6Azs3JwAwzKgnRlujr1GUS_dlw7QgCLcB/s1600/computing%2Bin%2Bbanking.jpg" /></a>There are various ways through which computers are widely used in the banking industry. It can be used to carry out from simple to complex tasks of the banks. For example, instead of making manual records and then storing the files, all data is stored on computers. It is more quick and productive. More data can be stored in this way. Moreover, data can be easily stored, and retrieved from computers.<br />
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The online banking further gives the evidence of excessive use of computers in banking sectors. Just in a couple of seconds you can retrieve all of your previous transactions in your accounts. Transfer of money can be also made online through these computers. Have you ever noticed that banking sector in the world is moving from traditional banking sector to electronic banking sector. This is possible only through the introduction of computers in banking sector.</div>
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Computers have saved the banking industry millions and millions of dollars. It ultimately allows for greater efficiencies by enabling the banks to phase out legacy “paper” processes for streamlined computerized processes through customized software programming. The “Check 21″ initiative will save hundreds of millions of dollars a day by eliminated paper check transfers.</div>
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- computer don’t make errors (although people do, and sometimes computers have to go on the wrong information)</div>
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- computer can make you more money by being more precise about the amount of value transferred than the currency itself is. Eg, if you change from THB to USD, there are numbers after 2 decimal places that the currency can’t track that the bank can then retain as earning. It sounds small, but imagine the number of people in the world who are transferring any money anywhere, and you’ll see that it adds up.</div>
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- computer can store more information than an entire library of papers, books, etc. It means that you can consolidate everything, have it in one place, and make it easy to find.</div>
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- computer can be networked, allowing you to look up information remotely.</div>
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Moreover the advantages accruing from computerization are three-directional - to the customer, to the bank and to the employee. </div>
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<span style="color: purple;">For the customer:-</span></h4>
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<i> Self-inquiry facility: </i></div>
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Facility for logging into specified self-inquiry terminals at the branch to inquire and view the transactions in the account.</div>
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<i> Remote banking:</i></div>
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Remote terminals at the customer site connected to the respective branch through a modem, enabling the customer to make inquiries regarding his accounts, on-line, without having to move from his office. </div>
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<i> Anytime banking :</i></div>
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Anywhere banking: Networking of computerized branches inter-city and intra-city, will permit customers of these branches, when interconnected, to transact from any of these branches.</div>
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<i> Telebanking: </i></div>
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A 24-hour service through which inquiries regarding balances and transactions in the account can be made over the phone. </div>
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<span style="color: purple;">For the bank:-</span></h4>
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Availability of a wide range of inquiry facilities, assisting the bank in business development and follow-up. </div>
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Immediate replies to customer queries without reference to ledger-keeper as terminals are provided to Managers and Chief Managers. </div>
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Automatic and prompt carrying out of standing instructions on due date and generation of reports. </div>
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Generation of various MIS reports and periodical returns on due dates. </div>
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Fast and up-to-date information transfer enabling speedier decisions, by interconnecting computerized branches and controlling offices. </div>
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<span style="color: purple;">For the employees:-</span></h4>
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Accurate computing of cumbersome and time-consuming jobs such as balancing and interest calculations on due dates.</div>
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Automatic printing of covering schedules, deposit receipts, pass book / pass sheet, freeing the staff from performing these time-consuming jobs, and enabling them to give more attention to the needs of the customer. </div>
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Signature retrieval facility, assisting in verification of transactions, sitting at their own terminal. </div>
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Avoidance of duplication of entries due to existence of single-point data entry.</div>
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<span style="color: blue;">Personal Banking.</span></h3>
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PC banking refers to a person being able to access their banking information from a "personal computer." It has become a popular method for people to manage money and pay bills using online servers to log in to their account and pay bills, transfer money between accounts and reconcile check </div>
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ledgers.” Example of Personal Banking Is -</div>
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<span style="color: purple;">ATM:-</span></h4>
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“Automated Teller Machines (ATM) are computerized machines that allow customers to conduct basic banking transactions without an attendant or bank teller.”</div>
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<i>How Does It Works:-</i></div>
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ATM Processing is similar to credit card processing, except with ATM Machines the processing center uses ATM networks instead of credit networks. To begin with, we will have to program or reprogrammed your ATM machine with a TID (terminal ID number) assigned to your ATM at location . This is the number that identifies your ATM machine on our ATM processing system. Before a transaction can be processed, the ATM machines must receive authorization from the customer's native bank, such as confirmation that the customer has sufficient funds in his account to permit cash withdrawal. Inter-bank networks allow this authorization process to take place in seconds. </div>
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<b><i>Personal Banking Used For:</i></b></div>
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Transactional :-</div>
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Bill payments and wire transfers to third parties,</div>
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Fund transfer between customer's transactional and savings account, </div>
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Sale and purchase of investments,</div>
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Applications and transactions for loans and enrollment repayments.</div>
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Non-Transactional:-</div>
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Analyzing recent transactions,</div>
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Downloading bank statements,</div>
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Viewing paid cheques.</div>
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Financial Institution Administration</div>
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Transaction approval process.</div>
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<span style="color: blue;">Online Banking.</span></h3>
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“Online banking enables bank customers to handle account management and perform account transactions directly with the bank through the internet. This is also known as internet banking.” Online Banking Used For <i>Personal financial management support-</i> Importing data to personal accounts software. Supporting account aggregation which allows the customers to manage all of their accounts in one place irrespective of their location.</div>
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<span style="color: blue;">Mobile Banking</span></h3>
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Mobile Banking refers to provision and availment of banking and financial services with the help of mobile telecommunication devices. The scope of offered services may include facilities to conduct bank and stock market transactions, to administer accounts and to access customized information.“</div>
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“Mobile banking through cell phone is really catching up. Now you can access your account, transfer funds or make payments with your mobile. Mobile connectivity is vast and this makes mobile banking very successful.”</div>
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<span style="color: purple;">Benefits of Mobile Banking:-</span></h4>
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In case of online banking, you must have an internet connection and a computer. However, with mobile banking, connectivity is not a problem. You can find mobile connectivity in the remotest of places also where having an internet connection is a problem. </div>
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Mobile banking thorough cell phone is user friendly. The interface is also very simple. You just need to follow the instructions to make the transaction. It also saves the record of any transactions made. </div>
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Cell phone banking is cost effective. Various banks provide this facility at a lower cost as compared to banking by self. </div>
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Banking through mobile reduces the risk of fraud. You will get an SMS whenever there is an activity in your account. This includes deposits, cash withdrawals, funds transfer etc. You will get a notice as soon as any amount is deducted or deposited in your account. </div>
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Banking through cell phone benefits the banks too. It cuts down on the cost of telebanking and is more economical.</div>
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Mobile banking through cell phone is very advantageous to the banks as it serves as a guide in order to help the banks improve their customer care services. </div>
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Banks can be in touch with their clients with mobile banking. </div>
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Banks can also promote and sell their products and services like credit cards, loans etc. to a specific group of customers.</div>
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Various banking services like Account Balance Enquiry , Credit/Debit Alerts, Bill Payment Alerts, Transaction History, Fund Transfer Facilities, Minimum Balance Alerts etc. can be accessed from your mobile. </div>
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You can transfer money instantly to another account in the same bank using mobile banking.</div>
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You can make transactions or pay bills anytime. It saves a lot of time</div>
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<span style="color: blue;">Input, Output, Central Processing Unit of Computer.</span></h3>
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<span style="color: purple;">Input</span></h4>
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In computer science the general meaning of input is to provide or give something to the computer, in other words the state or act of a computer or a component of computer or relevant device being accepting something from the user or from a device or from a software either automatically or manually is called Input. We categorize computer devices as input devices due to the fact that we use these devices to send instructions to the computer, we are sending our "Input" to the computer, some common examples of computer input devices are:</div>
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Mouse</div>
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Keyboard</div>
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Microphone</div>
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We may also call some inner parts of the computer as input components to the other components, like the power-on button of a computer is an input component for the processor or the power supply, because it takes user input and sends it to other components for further processing. In many computer languages the keyword Input is used as a special keyword or function, like in Visual Basic, the Input is used to get text input from the user.</div>
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<span style="color: purple;">Output</span></h4>
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An output device is any piece of computer hardware equipment used to communicate the results of data processing carried out by an information processing system (such as a computer) which converts the electronically generated information into human-readable form. Any information that has been processed and comes from a computer or computer device is considered output. When someone is viewing output, they're seeing it on an output device such as a computer monitor or a hard copy prints out. In the picture to the right, is an example of output being sent from the computer to a printer.</div>
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Monitor - A monitor is the screen on which words, numbers, and graphics can be seem. The monitor is the most common output device.</div>
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Some compact disks can be used to put information on. This is called burning information to a CD.</div>
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NOTE: A CD can also be an input device.</div>
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Printer - </div>
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A printer prints whatever is on the monitor onto paper. Printers can print words, numbers, or pictures.</div>
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A speaker gives you sound output from your computer. Some speakers are built into the computer and some are separate.</div>
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A disk drive is used to record information from the computer onto a floppy disk or CD.</div>
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Floppy Disk - A floppy disk is used to record information on. The information is stored on the floppy disk and can be used later or used on another computer.</div>
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Headphones - </div>
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Headphones give sound output from the computer. They are similar to speakers, except they are worn on the ears so only one person can hear the output at a time.</div>
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<span style="color: purple;">Central processing unit</span></h4>
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A central processing unit (CPU), also referred to as a central processor unit, is the hardware within a computer that carries out the instructions of a computer program by performing the basic arithmetical, logical, and input/output operations of the system. The term has been in use in the computer industry at least since the early 1960s. The form, design, and implementation of CPUs have changed over the course of their history, but their fundamental operation remains much the same.</div>
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A computer can have more than one CPU; this is called multiprocessing. All modern CPUs are microprocessors, meaning contained on a single chip. Some integrated circuits (ICs) can contain multiple CPUs on a single chip; those ICs are called multi-core processors. An IC containing a CPU can also contain peripheral devices, and other components of a computer system; this is called a system on a chip (SoC).</div>
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Two typical components of a CPU are the arithmetic logic unit (ALU), which performs arithmetic and logical operations, and the control unit (CU), which extracts instructions from memory and decodes and executes them, calling on the ALU when necessary. Not all computational systems rely on a central processing unit. An array processor or vector processor has multiple parallel computing elements, with no one unit considered the "center". In the distributed computing model, problems are solved by a distributed interconnected set of processors.</div>
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<span style="color: blue;">Data Storage device.</span></h3>
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A data storage device is a device for recording (storing) information (data). Recording can be done using virtually any form of energy, spanning from manual muscle power in handwriting, to acoustic vibrations in phonographic recording, to electromagnetic energy modulating magnetic tape and optical discs.</div>
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A storage device may hold information, process information, or both. A device that only holds information is a recording medium. Devices that process information (data storage equipment) may either access a separate portable (removable) recording medium or a permanent component to store and retrieve information.<br />
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Electronic data storage requires electrical power to store and retrieve that data. Most storage devices that do not require vision and a brain to read data fall into this category. Electromagnetic data may be stored in either an analog data or digital data format on a variety of media. This type of data is considered to be electronically encoded data, whether or not it is electronically stored in a semiconductor device, for it is certain that a semiconductor device was used to record it on its medium. </div>
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Most electronically processed data storage media (including some forms of computer data storage) are considered permanent (non-volatile) storage, that is, the data will remain stored when power is removed from the device. In contrast, most electronically stored information within most types of semiconductor (computer chips) microcircuits are volatile memory, for it vanishes if power is removed.</div>
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With the exception of bar-codes and OCR data, electronic data storage is easier to revise and may be more cost effective than alternative methods due to smaller physical space requirements and the ease of replacing (rewriting) data on the same medium. However, the durability of methods such as printed data is still superior to that of most electronic storage media. The durability limitations may be overcome with the ease of duplicating (backing-up) electronic data.</div>
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<span style="color: blue;">Types of Computer Data Storage Devices </span></h3>
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<span style="color: purple;">Floppy Drive -<b> </b></span></h4>
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The smallest and most portable of all the storage devices usually holds about 1.44 MB of storage. Use a floppy disk media. </div>
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The LS120 or SuperDisk is a drive which supports a special floppy diskette which can store up to 120MB or 240MB of information as well as being backwards compatible and still supporting the standard floppy diskettes.</div>
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New generation similar to the floppy disk drive created by Iomega. The Iomega Zip Drive was first released 1994 and today is becoming a popular solution for PC and Macintosh computers as a removable solution. Zip Drives Disks come in 100MB, 250MB and 750MB. CD Burner An optical storage device that holds data anywhere from 650MB to 700MB (74-80 minutes) </div>
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A newer optical storage device that holds data anywhere from 4.70-17.08GB. <i>DVD Capacity:</i> DVD-5 4.7GB (2 hours), DVD-9 8.54GB (4 hours), DVD- 10 9.4GB (4.5 hours), DVD-18 17.08GB (8 hours) .</div>
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<span style="color: purple;">Hard Drive - </span></h4>
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A hard drive is usually built inside your computer and holds anywhere from 1GB to 4TB of capacity. There are three types of internal hard drives are PATA, SATA and SCSI. External hard drives comes in USB, Firewire, SATA and SCSI. </div>
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<span style="color: purple;">Flash Drive - </span></h4>
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A compact and portable device use for storing data anywhere from 128MB up to 4GB. Tape Drives Tape drives allow large companies as well as end users to backup large amounts of data. Tape drives are capable of backing up a couple hundred megabytes to several gigabytes of information without having to spend large sums of money on disks.</div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com11tag:blogger.com,1999:blog-3781064339632712289.post-89433309775457446882017-01-31T09:07:00.001-08:002017-02-02T05:49:33.653-08:00Write off and Rescheduling.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue;">Write off and Rescheduling of loan</span></h2>
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<span style="text-align: justify;">Financial institutions are required to write off loans when they become delinquent by a certain amount. </span><span style="text-align: justify;">Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments.</span><br />
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<span style="color: blue;">Write-Off</span></h3>
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A reduction in an individual's or a company's income as the result of an expense. For example, an unplayable credit sale may be a write-off for the creditor, especially if the debtor declares bankruptcy. The bankruptcy means that the debtor is unable to pay the debt, which results in a loss of income for the creditor. A write-off may usually be deducted from one's taxable income. To take an asset entirely off the books because it no longer has any value. If an accrual basis taxpayer has taken money into income when bills were sent out to customers, but then some of the bills became collectible, the taxpayer may write off the collectible ones as a deduction against income. Financial institutions are required to write off loans when they become delinquent by a certain amount.</div>
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<span style="color: purple;">Write-Off in Accounting</span></h4>
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In business accounting, the term write-off is used to refer to an investment (such as a purchase of sell-able goods) for which a return on the investment is now impossible or unlikely. The item's potential return is thus canceled and removed from ("written off") the business's balance sheet. Common write-offs in retail include spoiled and damaged goods.</div>
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<span style="color: purple;">Write-Off in Banking</span></h4>
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Similarly, banks write off bad debt that is declared non-collectible (such as a loan on a defunct business or a credit card due that is now in default), removing it from their balance sheets.</div>
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<span style="color: blue;">Rescheduled Loans</span></h3>
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Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. New loan that replaces the outstanding balance on an older loan, and is paid over a longer period, usually with a lower installment amount. Loans are commonly rescheduled to accommodate a borrower in financial difficulty and, thus, to avoid a default. Also called restructured loan.</div>
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<span style="color: purple;">Definition of 'Debt Rescheduling'</span></div>
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A practice that involves restructuring the terms of an existing loan in order to extend the repayment period. Debt rescheduling may mean a delay in the due date(s) of required payments or reducing payment amounts by extending the payment period and increasing the number of payments.</div>
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<span style="color: purple;">Rescheduling</span></div>
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Financial Institutions should follow clear guideline for rescheduling of their problem accounts and monitor accordingly Rescheduling of problem accounts should be aimed at a timely resolution of actual or expected problem accounts with a view to effecting maximum recovery within a reasonable period of time.</div>
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<span style="color: blue;">Purposes of Rescheduling</span></h3>
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Purposes for Rescheduling are given bellow :</div>
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(i) To provide for borrower’s changed business condition,</div>
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(ii) For better overdue management,</div>
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(iii) For amicable settlement of problem accounts.</div>
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<span style="color: blue;">Cases for Rescheduling</span></h3>
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Rescheduling would be considered only under the following cases-</div>
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(i) Overdue has been accumulated or likely to be accumulated due to change in business conditions for internal or external factors and the borrower is no way able to pay up the entire accumulated overdue in a single shot.</div>
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(ii) The borrower should be in operation and the assets have a productive value and life for servicing the outstanding liabilities.</div>
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(iii) The borrower must be capable of and willing to pay as per revised arrangement.</div>
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<span style="color: blue;">Modes of Rescheduling</span></h3>
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Rescheduling can be done through adopting one or more of the following means :</div>
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(i) Extension of financing term keeping lending rate unchanged</div>
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(ii) Reduction of lending rate keeping financing term unchanged</div>
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(iii) Both reduction of lending rate and extension of financing term</div>
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(iv) Bodily shifting of payment schedule</div>
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(v) Deferment of payment for a short-term period with or without extending the maturity date (this may be a temporary relief to prevent the inevitable collapse of a company). However, under any circumstances reschedule period must not exceed economic life of the asset.</div>
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<span style="color: purple;">Analysis of Rescheduling Case and decision on different modes of rescheduling :</span></h4>
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An account, which has been going through liquidity crisis, may be considered for rescheduling after identifying symptoms, causes and magnitude of the problem. For rescheduling an account, the criteria mentioned in Bangladesh Bank guideline, if any has to be followed strictly.</div>
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Rescheduling of a contract must require prior approval of CRM and management </div>
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All rescheduled accounts are to be kept in a separate watch list so that post rescheduling performance of the accounts can be monitored closely.</div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com10tag:blogger.com,1999:blog-3781064339632712289.post-21430556222434764952017-01-31T09:00:00.000-08:002017-02-02T05:49:41.344-08:00Asset Liability Management.<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://4.bp.blogspot.com/-wh7St4tF368/WIzDKEBoBsI/AAAAAAAACSs/B_dm8MjPmyMbfesBrWtZhz20eBYKEfghACLcB/s1600/Asset%2Bliability%2Bmanagement.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="315" src="https://4.bp.blogspot.com/-wh7St4tF368/WIzDKEBoBsI/AAAAAAAACSs/B_dm8MjPmyMbfesBrWtZhz20eBYKEfghACLcB/s320/Asset%2Bliability%2Bmanagement.png" width="320" /></a></div>
Asset liability management (ALM) is the administration of policies and procedures that refers to financial risks considering interest rate, exchange rate and other factors that can affects to company’s liquidity. It manages the risks to acceptable level by monitoring and sets the competitive prices between assets and liabilities of a company.</div>
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The ALM functions extend to liquidity risk management, management of market risk, trading risk management, funding and capital planning and profit planning and growth projection.<br />
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<span style="color: blue;">"The absence of good ALM of a bank may lead to different crisis to jeopardize the image and soundness of the bank."- is it?</span></h3>
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<a href="https://en.wikipedia.org/wiki/Asset_liability_management">Asset Liability Management</a> (AML) is the most important aspect to maintain the bank’s image and soundness. It manages the Balance Sheet Risk, especially for managing of liquidity risk and interest rate risk. </div>
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A bank would have managed a major portion of its risks by having in place a proper ALM policy attending to its interest rate risk and liquidity risk. These two risks when managed properly lead to enhanced profitability and adequate liquidity. It should be used strategically for deciding the pricing and structure of assets and liabilities in such a way that profitability, liquidity and credit exposure is maintained. Hence one cannot neglect credit risk in the ALM process. So, it is essential to form “Asset Liability Management Committee (ALCO)”with the senior management to control the crises to jeopardize the bank’s image and soundness.</div>
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<span style="color: blue;">Asset-Liability Management Committee (ALCO) Definition</span></h3>
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Asset-Liability Management Committee (ALCO) is a risk-management committee in a financial institution that generally comprises the senior-management levels of the institution. ALCO are to look after the financial market activities, manage liquidity and interest rate risk, understand the market position and competition etc.</div>
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<span style="color: blue;">Do you think each commercial bank should form Asset-Liability Management Committee (ALCO)?</span></h3>
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Asset-Liability Management Committee (ALCO) is the core unit of a financial institution. So it is the basic need to form an ALCO to balancing the Asset-Liability Management. The ALCO will set a standard limits on borrowing in the short-term markets and lending long-term instruments that controls over the financial risks and external events that may affect the bank's asset-liabilities position. It manages the risks to acceptable level by monitoring and sets the competitive prices between assets and liabilities to maintain the liquidity position of the company. Without an ALCO, a commercial bank may lose all positive financial opportunities and the bank must be faced by different types risk as like as financial crisis. So that it shout to be formed a ALCO for each commercial bank to manage the vulnerable financial position.</div>
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<br /><span style="color: blue;">Roles and responsibilities of Asset-Liability Management Committee (ALCO) of a Bank.</span></h3>
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1. To assume overall responsibilities of Money Market activities</div>
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2. To manage liquidity and interest rate risk</div>
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3. To comply with the regulations of Bangladesh Bank in respect of statutory </div>
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obligations as well as thorough understanding of the risk elements of business</div>
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4. To understand the market position and competition</div>
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5. To provide inputs to the Treasurer regarding market views and updates the </div>
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balance sheet movement</div>
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6. Deal with the dealer’s authorized limit.</div>
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<span style="color: blue;">Credit Risk Grading (CRG)</span></h3>
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Credit Risk Grading (CRG) is a collective definition based on the pre-specified scale and reflects the underlying credit-risk for a given exposure. CRG deploys a number/ symbol as a primary summary indicator of risks associated with a credit exposure. Credit Risk Grading is the basic module for developing a Credit Risk Management system.</div>
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<span style="color: blue;"><br />Function of Credit Risk Grading</span></h3>
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Well-managed credit risk grading systems promote bank safety and soundness by facilitating informed decision-making. Grading systems measure credit risk and differentiate individual credits and groups of credits by the risk they pose. This allows bank management and examiners to monitor changes and trends in risk levels. The process also allows bank management to manage risk to optimize returns.</div>
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<span style="color: blue;">What is the uses / purpose/ importance of CRG? </span></h3>
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The Credit Risk Grading matrix allows application of uniform standards to credits to ensure a common standardized approach to assess the quality of an individual obligor and the credit portfolio as a whole. It measure credit risk and differentiate individual credits and groups of credits by the risk they pose. This allows bank management and examiners to monitor changes and trends in risk levels. As evident, the CRG outputs would be relevant for credit selection, wherein either a borrower or a particular exposure/facility is rated. The other decisions would be related to pricing (credit spread) and specific features of the credit facility. Risk grading would also be relevant for surveillance and monitoring, internal MIS and assessing the aggregate risk profile.</div>
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<span style="text-align: justify;"><span style="color: blue;">The expected minimum CRG requirements for extending credit with example. </span></span></h3>
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A clear definition of the different categories of Credit Risk Grading is given as follows:</div>
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<b><span style="color: #002060; font-size: 13.5pt;">Risk Rating<o:p></o:p></span></b></div>
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<b><span style="color: #002060; font-size: 13.5pt;">Grade</span><span style="color: #002060;"><o:p></o:p></span></b></div>
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<b><span style="color: #002060; font-size: 13.5pt;">Definition<o:p></o:p></span></b></div>
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<span style="font-size: 13.5pt;">Superior-<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Low Risk<o:p></o:p></span></div>
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1</div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Facilities
are fully secured by cash deposits.<o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Government
bonds or a counter guarantee from a top tier international bank.<o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">All
security documentation should be in place.<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Good-Satisfactory Risk<o:p></o:p></span></div>
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2</div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;"> The
repayment capacity of the borrower is strong.<o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">The
borrower should have excellent liquidity and low leverage.<o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">The company
should demonstrate consistently strong earnings and cash flow.<o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">All
security documentation should be in place. Aggregate <o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Score of 95
or greater based on the Risk Grade Scorecard.<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Acceptable-<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Fair Risk<o:p></o:p></span></div>
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3</div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Adequate
financial condition though may not be able to sustain any major or continued
setbacks.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">These
borrowers are not as strong as Grade 2 borrowers, but should still
demonstrate consistent earnings, cash flow and have a good track record<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">An
Aggregate Score of 75-94 based on the Risk Grade<o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Scorecard.<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Marginal–<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Watch list<o:p></o:p></span></div>
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4</div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Grade 4
assets warrant greater attention due to conditions affecting the borrower,
the industry or the economic environment.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">These
borrowers have an above average risk due to strained liquidity, higher than
normal leverage, thin cash flow and/or inconsistent earnings.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Aggregate
Score of 65-74 based on the Risk Grade <o:p></o:p></span></div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Scorecard.<o:p></o:p></span></div>
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<span style="font-size: 13.5pt;">Special <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Mention<o:p></o:p></span></div>
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5</div>
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<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Grade 5
assets have potential weaknesses that deserve management’s close attention.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">If left
uncorrected, these weaknesses may result in a deterioration of the repayment
prospects of the borrower<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">An
Aggregate Score of 55-64 based on the Risk Grade <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Scorecard.<o:p></o:p></span></div>
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</tr>
<tr style="height: 153.85pt; mso-yfti-irow: 6;">
<td style="border-top: none; border: solid black 1.0pt; height: 153.85pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.65pt;" valign="top" width="126"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Substandard<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 153.85pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 49.35pt;" valign="top" width="66"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
6</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 153.85pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 351.9pt;" valign="top" width="469"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Financial
condition is weak and capacity or inclination to repay is in doubt<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Loans
should be downgraded to 6 if loan payments remain past due for 60-90 days<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Not yet
considered non-performing as the correction of the deficiencies may result in
an improved condition, and interest can still be taken into profits.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">An
Aggregate Score of 45-54 based on the Risk Grade <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Scorecard.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 233.5pt; mso-yfti-irow: 7;">
<td style="border-top: none; border: solid black 1.0pt; height: 233.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.65pt;" valign="top" width="126"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Doubtful <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">and Bad<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">(non-performing)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 233.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 49.35pt;" valign="top" width="66"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
7</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 233.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 351.9pt;" valign="top" width="469"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Full
repayment of principal and interest is unlikely and the possibility of loss
is extremely high.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">However,
due to specifically identifiable pending factors, such as litigation,
liquidation procedures or capital injection, the asset is not yet classified
as Loss.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">The
adequacy of provisions must be reviewed at least quarterly on all
non-performing loans, and the bank should pursue legal options to enforce
security to obtain repayment or negotiate an appropriate loan rescheduling.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">In all
cases, the requirements of Bangladesh Bank in CIB reporting, loan
rescheduling and provisioning must be followed.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;"> </span><span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">An
Aggregate Score of 35-44 based on the Risk Grade Scorecard.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 165.55pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 165.55pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 94.65pt;" valign="top" width="126"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Loss<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">(non-performing)<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 165.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 49.35pt;" valign="top" width="66"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
8</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 165.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 351.9pt;" valign="top" width="469"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">Assets
graded 8 are long outstanding with no progress in obtaining repayment (in
excess of 180 days past due) or in the late stages of wind up/liquidation.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">The
prospect of recovery is poor and legal options have been pursued.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">The
proceeds expected from the liquidation or realization of security may be
awaited. The continuance of the loan as a bankable asset is not warranted.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-family: "symbol"; font-size: 13.5pt;">·</span><span style="font-size: 13.5pt;">An
Aggregate Score of 35 or less based on the Risk Grade Scorecard.<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
<div class="MsoNormal">
<h3>
<span style="color: blue;"><br /></span></h3>
<h3>
<span style="color: blue;">Different aspects or components of Credit Risk Grading (CRG) with grading points.</span></h3>
</div>
</div>
<div style="text-align: justify;">
Number and Short Name of Grades used in the CRG:<br />
<br /></div>
<div style="text-align: justify;">
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; margin-left: 41.4pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="height: 23.35pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 23.35pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #7030a0; font-size: 14.0pt;">Grading<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 23.35pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #7030a0; font-size: 14.0pt;">Short Name<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 23.35pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="color: #7030a0; font-size: 14.0pt;">Number<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Superior </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
SUP</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
1</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Good </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
GD</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
2</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Acceptable </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
ACCPT</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
3</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Marginal / Watch
list </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
MG/WL</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
4</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Special
Mention </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
SM</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
5</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Sub standard </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
SS</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
6</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Doubtful </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
DF</div>
</td>
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7</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.2pt;" valign="top" width="158"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Bad & Loss <o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 88.8pt;" valign="top" width="118"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-size: 13.5pt;">BL</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
8<span style="text-align: justify;"> </span></div>
</td></tr>
</tbody></table>
</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Superior:</span></h4>
</div>
<div style="text-align: justify;">
- Credit facilities, which are fully secured i.e. fully cash covered.</div>
<div style="text-align: justify;">
- Credit facilities fully covered by government guarantee.</div>
<div style="text-align: justify;">
- Credit facilities fully covered by the guarantee of a top tier international Bank.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Good:</span></h4>
</div>
<div style="text-align: justify;">
- Strong repayment capacity of the borrower.</div>
<span style="text-align: justify;">- The borrower has excellent liquidity and low leverage.</span><br />
<div style="text-align: justify;">
- The company demonstrates consistently strong earnings and cash flow.</div>
<div style="text-align: justify;">
- Borrower has well established, strong market share.</div>
<div style="text-align: justify;">
- Very good management skill & expertise.</div>
<div style="text-align: justify;">
- All security documentation should be in place.</div>
<div style="text-align: justify;">
- Credit facilities fully covered by the guarantee of a top tier local Bank.</div>
<div style="text-align: justify;">
- Aggregate Score of 85 or greater based on the Risk Grade Score Sheet.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Acceptable:</span></h4>
</div>
<div style="text-align: justify;">
- These borrowers are not as strong as GOOD Grade borrowers, but still demonstrate consistent earnings.</div>
<div style="text-align: justify;">
- Borrowers have adequate liquidity, cash flow and earnings.</div>
<div style="text-align: justify;">
- Credit in this grade would normally be secured by acceptable collateral (1st charge over inventory / receivables / equipment / property).</div>
<div style="text-align: justify;">
- Acceptable management.</div>
<div style="text-align: justify;">
- Acceptable parent/sister company guarantee.</div>
<div style="text-align: justify;">
- Aggregate Score of 75-84 based on the Risk Grade Score Sheet.<br />
<br /></div>
<div style="text-align: justify;">
<h4>
<b><span style="color: purple;">Marginal / Watch list:</span></b></h4>
</div>
<div style="text-align: justify;">
- This grade warrants greater attention due to conditions affecting the borrower, the industry or the economic environment.</div>
<div style="text-align: justify;">
- These borrowers have an above average risk due to strained liquidity, higher than normal leverage, thin cash flow and/or inconsistent earnings.</div>
<div style="text-align: justify;">
- Weaker business credit & early warning signals of emerging business credit detected.</div>
<div style="text-align: justify;">
- The borrower incurs a loss.</div>
<div style="text-align: justify;">
- Loan repayments routinely fall past due.</div>
<div style="text-align: justify;">
- Account conduct is poor, or other untoward factors are present.</div>
<div style="text-align: justify;">
- Credit requires attention</div>
<div style="text-align: justify;">
- Aggregate Score of 65-74 based on the Risk Grade Score Sheet.<br />
<br /></div>
<div style="text-align: justify;">
<h4>
<b><span style="color: purple;">Special Mention:</span></b></h4>
</div>
<div style="text-align: justify;">
- This grade has potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in a deterioration of the repayment prospects of the borrower.</div>
<div style="text-align: justify;">
- Severe management problems exist.</div>
<div style="text-align: justify;">
- Facilities should be downgraded to this grade if sustained deterioration in financial condition is noted (consecutive losses, negative net worth, excessive leverage),</div>
<div style="text-align: justify;">
- An Aggregate Score of 55-64 based on the Risk Grade Score Sheet.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Substandard:</span></h4>
</div>
<div style="text-align: justify;">
- Financial condition is weak and capacity or inclination to repay is in doubt.</div>
<div style="text-align: justify;">
- These weaknesses jeopardize the full settlement of loans.</div>
<div style="text-align: justify;">
- Bangladesh Bank criteria for sub-standard credit shall apply.</div>
<div style="text-align: justify;">
- An Aggregate Score of 45-54 based on the Risk Grade Score Sheet.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Doubtful:</span></h4>
</div>
<div style="text-align: justify;">
- Full repayment of principal and interest is unlikely and the possibility of loss is extremely high.</div>
<span style="text-align: justify;">- However, due to specifically identifiable pending factors, such as litigation, </span><span style="text-align: justify;">liquidation procedures or capital injection, the asset is not yet classified as Bad </span><span style="text-align: justify;">& Loss.</span><br />
<div style="text-align: justify;">
- Bangladesh Bank criteria for doubtful credit shall apply.</div>
<div style="text-align: justify;">
- An Aggregate Score of 35-44 based on the Risk Grade Score Sheet.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">Bad & Loss:</span></h4>
</div>
<div style="text-align: justify;">
- Credit of this grade has long outstanding with no progress in obtaining repayment or on the verge of wind up/liquidation.</div>
<div style="text-align: justify;">
- Prospect of recovery is poor and legal options have been pursued.</div>
<div style="text-align: justify;">
- Proceeds expected from the liquidation or realization of security may be awaited. The continuance of the loan as a bankable asset is not warranted, & the anticipated loss should have been provided for.</div>
<div style="text-align: justify;">
- This classification reflects that it is not practical or desirable to defer writing off this basically valueless asset even though partial recovery may be affected in the future. Bangladesh Bank guidelines for timely write off of bad loans must be adhered to. Legal procedures/suit initiated.</div>
<div style="text-align: justify;">
- Bangladesh Bank criteria for bad & loss credit shall apply.</div>
<div style="text-align: justify;">
- An Aggregate Score of less than 35 based on the Risk Grade Score Sheet.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">
Why core risk management is getting so much highlighted for proper financing of a bank?</span></h3>
</div>
<div style="text-align: justify;">
The core risk management is so much highlighted that impose to modern banking system. Due to deregulation and globalization of banking business, banks are now exposed to diversified and complex risks. As a result, effective management of such risks has been core aspects of establishing good governance in banking business in order to ensure sustainable performance. In year 2003 and 2004, Central Bank issued guidelines on the six core risks on the following facts -<br />
<br />
* Credit Risk,<br />
<br />
* Asset-Liability Risk,<br />
<br />
* Foreign Exchange Risk,<br />
<br />
* Internal Control & Compliance Risk,<br />
<br />
* Money Laundering Risk, and<br />
<br />
* ICT risks.<br />
<br />
These guidelines may help banks to measure and manage their Liquidity Risk, Interest Risk and Foreign exchange risk and minimize their losses. The ICT guideline helps to measures to prevent the unauthorized access, modification, disclosure and destruction so that now the interest of customer is fully protected. The modern banking system is more benefited securing by following the core risk </div>
<div style="text-align: justify;">
management guidelines imposed by Bangladesh bank and banks is getting so much highlighted for financing as well as all operation of the bank.</div>
<div style="text-align: justify;">
<br />
<h3>
<span style="color: blue;">What is provisioning? Discuss the basis of determining the status of classified loans and advances. </span></h3>
</div>
<div style="text-align: justify;">
Provisioning: The Provisioning is a non-cash expense at present for banks to account for future losses on loan defaults. Banks assume that a certain percentage of loans will default or become slow-paying. Banks enter a percentage as an expense when calculating their pre-tax incomes. This guarantees a bank's solvency and capitalization if and when the defaults occur. The provision allocated each year increases with the riskiness of the loans a given bank makes.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">It is due to the increase of classified loans of the bank, that they are now facing liquidity problems and the borrower inter-bank call money at very high rate. Justify the viewpoint.</span></h3>
</div>
<br />
<div dir="ltr">
</div>
<div style="text-align: justify;">
It is simple understanding that due to increase of classified loans, the bank has faced to liquidity crisis. However, when loans go bad they have some adverse effects on the financial health of banks. Banks make adequate provisions and charges for bad debts which impact negatively on performance. The provisions for bad loans reduce total loan portfolio of banks and as such affects interest earnings </div>
<div style="text-align: justify;">
on such assets. This constitutes huge cost, as it makes a liquidity crisis for the banks. On other hand, when banks will go into liquidity crisis, they try to borrow from inter-bank call money at a high interest rate. The inter-bank call money market is an overnight market in meeting bank’s immediate liquidity needs and reserve deficiencies. Hence, an important task of the call money market is to facilitate liquidity management in the inter-bank market. The orderly and stable functioning of the inter-bank call money market is important to minimize liquidity risk in the banking system as a whole. So that the banks will penetrate to call money at high interest rate to maintain their adequate liquidity due to loan classification and keeps provision in this same.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;"><span style="color: blue;">
Distinguish between loan interest remission and loan write off. or, </span>Between these two which one is beneficial for that Bank?</span></h3>
<div style="text-align: justify;">
Write off of bad debt of a bank that is declared non-collectible (such as a loan on a defunct business or a credit card due that is now in default), removing it from their balance sheets.In course of conducting credit operations by banks the quality of a portion of their loan portfolio, in many cases, deteriorates and uncertainty arises in realizing such loans and advances. These loans are adversely classified as per existing rules and necessary provision has to be made against such loans.<br />
<br />
Writing off bad loans having adequate provision is an internationally accepted normal phenomenon in banking business. Owing to the reluctance of banks in Bangladesh in resorting to this system their balance sheets are becoming unnecessarily and artificially inflated. In order to avoid possible legal complications in retaining the claims of the banks over the loans written off section 28 ka has been incorporated in 2001 in the Bank Company Act, 1991.</div>
<div style="text-align: justify;">
<br /></div>
<br />
<div dir="ltr">
</div>
<h3 style="text-align: justify;">
<span style="color: blue;">The preconditions those required to be fulfilled by a borrower for availing write off consideration.</span></h3>
<div style="text-align: justify;">
In course of conducting credit operations by banks the quality of a portion of their loan portfolio, in many cases, deteriorates and uncertainty arises in realizing such loans and advances. These loans are adversely classified as per existing rules and necessary provision has to be made against such loans. Writing off bad loans having adequate provision is an internationally accepted normal phenomenon in banking business. Owing to the reluctance of banks in a country in resorting to this system their balance sheets are becoming unnecessarily and artificially inflated. In order to avoid possible legal complications in retaining the claims of the banks over the loans written off section 28 ka has been incorporated in 2001 in the Bank Company Act, 1991. In this context the following policies for writing off loans are being issued for compliance by banks:<br />
<br /></div>
<div style="text-align: justify;">
1. Banks may, at any time, write off loans classified as bad/loss. Those loans which have been classified as bad/loss for the last 5 years and for which 100% provisions have been kept should be written off without delay.<br />
<br /></div>
<div style="text-align: justify;">
2. Banks may write off loans by debit to their current year's income account where 100% provision kept is not found adequate for writing off such loans.<br />
<br /></div>
<div style="text-align: justify;">
3. All out efforts should be continued for realizing written off loans. Banks allowed to write-off classified loans below dollar 650 without filing any case.<br />
<br /></div>
<div style="text-align: justify;">
4. A separate "Debt Collection Unit" should be set up in the bank for recovery of written off loans.<br />
<br /></div>
<div style="text-align: justify;">
5. In order to accelerate the settlement of law suits filed against the written off loans or to realize the receivable written off loans any agency outside the bank can be engaged.<br />
<br /></div>
<div style="text-align: justify;">
6. A separate ledger must be maintained for written off loans and in the Annual Report/Balance Sheet of banks there must be a separate "notes to the accounts" containing amount of cumulative and current year's loan written off.<br />
<br /></div>
<div style="text-align: justify;">
7. In-spite of writing off the loans the concerned borrower shall be identified as defaulter as usual. Like other loans and advances, the writing off loans and advances shall be reported to the CIB of Central Bank.<br />
<br /></div>
<div style="text-align: justify;">
8. Prior approval of Bangladesh Bank shall have to obtain in case of writing off loans sanctioned to the director or ex-director of the bank or loans sanctioned during the tenure of his directorship in the bank to the enterprise in which the concerned director has interest.<br />
<br /></div>
<div style="text-align: justify;">
[Central Bank has relaxed the guidelines for writing off small bad loans as it considered the litigation cost is sometimes higher than the amount of a loan. It allowed the scheduled banks to write-off classified loans below dollar. 650 without filing any case.<br />
The banks will, however, have to comply with other guidelines while writing off the loans, said a circular issued on Thursday. Earlier, the banks had to write off any bad loan through filing case and keeping 100% provision.</div>
<br />
<div dir="ltr">
</div>
<div style="text-align: justify;">
The banks go for writing off a loan when it considers there is no hope to get the money back.<br />
<br /></div>
<div style="text-align: justify;">
The scheduled banks are allowed to write off loans, having been adversely classified for more than 5 years, by maintaining a 100% provision.]</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">
Distinguish between Money Market & Capital Market.</span></h3>
<div style="text-align: justify;">
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1184; width: 655px;">
<tbody>
<tr style="height: 27.85pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b>SL No.</b><span style="font-size: 14pt;"><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-size: 14pt;"><b>Particulars</b></span><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><h3 style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-size: 14pt;">Money Market</span></h3>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><h3 style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<span style="font-size: 14pt;">Capital Market</span></h3>
</td>
</tr>
<tr style="height: 69.7pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; height: 69.7pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
1</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 69.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Definition</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 69.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Market where transactions of money
& financial assets are accomplished for short time.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 69.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Market where transactions of money
and financial assets are occurred for a long period.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
2</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Basic Role</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Liquidity
adjustment</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Putting long-term capital to <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">work<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
3</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Lending & <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">borrowing<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Period<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Short-term (less or equal to 1 year)<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Long-term (more than 1 year)<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 51.7pt; mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
4</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Credit <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Instruments<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Call money, collateral loans, acceptances,
bill of exchange.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Capital market are stocks, <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">shares, debentures, bonds, <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">securities<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 39.55pt; mso-yfti-irow: 5;">
<td style="border-top: none; border: solid black 1.0pt; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
5</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Risk</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Due to short-term period, the risk
is small.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Risk is more due to long-term period.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 40.0pt; mso-yfti-irow: 6; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 40.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
6</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 40.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Market <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">regulation<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 40.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Commercial banks are closely regulated.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 40.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">The institutions are not much regulated.<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
<div class="MsoNormal">
<br /></div>
</div>
<h3 style="text-align: justify;">
<br /><span style="color: blue;">Can increased call money rate influence the capital market? </span></h3>
<div style="text-align: justify;">
The capital market has influenced by increasing of call money rates that come mainly from supply and demand for liquidity in the money market. The periodic change in liquidity reserve may cause to demand the call money rates that influence the capital market. The money market rate can also be impacted from which Central Bank conducts the open money market operations. The call money rate </div>
<div style="text-align: justify;">
is determined by the participants and it depends according to present and future liquidity condition in the market. For instance, the inter-bank call money borrowing rate was reached peaks at 50% in January 2004, and after that 65.67% in February 2005. So that there is no doubt that the call money rate influences the capital market.</div>
<h3 style="text-align: justify;">
<br /><span style="color: blue;">What is Fund Flow</span></h3>
<span style="text-align: justify;">Fund flow refers to movement of funds in working capital in the normal course of </span><span style="text-align: justify;">business transactions. The changes in working capital may be in the form of inflow </span><span style="text-align: justify;">of working capital or outflow of working capital. If the component of working capital </span><span style="text-align: justify;">results in increase of the fund, it is known as inflow of fund. Similarly, if the </span><span style="text-align: justify;">components of working capital effects in decreasing the financial position it is </span><span style="text-align: justify;">treated as outflow of fund. </span><br />
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">
Importance/ Uses/ Purposes of Fund Flow Statement </span></h3>
<div style="text-align: justify;">
The importance to uses of fund flow statement for a bank are as follows:<br />
<br /></div>
<div style="text-align: justify;">
1) It highlights the different sources and uses of funds between the two accounting period.<br />
<br /></div>
<div style="text-align: justify;">
2) It brings into light about financial strength and weakness.<br />
<br /></div>
<div style="text-align: justify;">
3) It acts as an effective tool to measure the causes of changes in working capital.<br />
<br /></div>
<div style="text-align: justify;">
4) It helps the management to take corrective actions while deviations between two balance sheets figures.<br />
<br /></div>
<div style="text-align: justify;">
5) It also presents detailed information about profitability, operational efficiency, and so on.<br />
<br /></div>
<div style="text-align: justify;">
6) It serves as a guide to the management to formulate its dividend policy, retention policy and investment policy etc.<br />
<br /></div>
<div style="text-align: justify;">
7) It helps to evaluate the financial consequences of business transactions involved in operational finance and investment.<br />
<br /></div>
<div style="text-align: justify;">
8) It gives the detailed explanation about movement of funds from different sources and uses of funds.</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<br /><span style="color: blue;">Distinguish between Cash Flow and Fund Flow statement. </span></h3>
<span style="text-align: justify;">The points of distinction between cash flow and funds flow statement are as below: </span><br />
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-layout-alt: fixed; mso-yfti-tbllook: 1184; width: 655px;">
<tbody>
<tr style="height: 27.85pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b>SL No.</b><span style="font-size: 14pt;"><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-size: 14pt;"><b>Particulars</b></span><span style="font-size: 14.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><h4 style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="font-size: 14pt;">Cash Flow Statement</span></h4>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.85pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><h4 style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<span style="font-size: 14pt;">Fund Flow Statement</span></h4>
</td>
</tr>
<tr style="height: 38.2pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; height: 38.2pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
1</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 38.2pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;">Cash flow statement</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 38.2pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Useful in short term analysis and cash
planning.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 38.2pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Useful in long-term analysis of financial planning.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 26.05pt; mso-yfti-irow: 2;">
<td style="border-top: none; border: solid black 1.0pt; height: 26.05pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
2</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.05pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Prepared<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.05pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">It
prepared on cash basis.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 26.05pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">It prepared on accrual basis.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 53.5pt; mso-yfti-irow: 3;">
<td style="border-top: none; border: solid black 1.0pt; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
3</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-size: 13.5pt;">Certainty<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">It ascertains the changes in balance
of cash in hand and bank.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">It ascertains the changes in
financial position between two accounting periods.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 51.7pt; mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
4</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Analysis<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Analyses the reasons for changes in balance
of cash in hand and bank.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 51.7pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Analyses the reasons for change in
financial position between two balance sheets.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 39.55pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 41.4pt;" valign="top" width="55"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
5</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 85.5pt;" valign="top" width="114"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 14.0pt;">Showing<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 184.5pt;" valign="top" width="246"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">It shows the inflows and outflows of
cash.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 39.55pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 2.5in;" valign="top" width="240"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">It reveals the sources and application
of funds.<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
<div style="margin: 0in 0in 0.0001pt;">
<br /></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Sample of a cash flow statement of a renowned bank</span></h3>
</div>
<div style="text-align: justify;">
<div class="MsoNormal" style="text-align: center;">
<span style="color: #632423; font-size: 13.5pt; text-align: center;">XYZ Bank Ltd.</span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<span style="color: #632423; font-size: 13.5pt;">Cash Flow Statement<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<span style="color: #632423; font-size: 13.5pt;">For the year ended 31 December 2013<o:p></o:p></span></div>
<div style="margin: 0in 0in 0.0001pt;">
<br /></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; margin-left: .2in; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 301.5pt;" valign="top" width="402"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-size: 16pt;">Particulars</span></b><b><span style="font-size: 16.0pt;"><o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="font-size: 16.0pt;">Amount<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 88.15pt; mso-yfti-irow: 1;">
<td rowspan="6" style="border-top: none; border: solid black 1.0pt; height: 88.15pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 301.5pt;" valign="top" width="402"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #c00000; font-size: 13.5pt;">A.</span></b><span style="font-size: 13.5pt;"> </span><u><span style="color: #002060; font-size: 13.5pt;">Cash flow from operating activities</span></u><u><span style="font-size: 13.5pt;"><o:p></o:p></span></u></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Interest received <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Interest paid <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Cash Paid to employees <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Others Expense <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Other Income <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #0070c0; font-size: 13.5pt;">Cash
generated from operating activities <o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Loans and advances <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Other assets <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Deposits and other funds <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Other liabilities <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #0070c0; font-size: 13.5pt;">Net
cash received from operating activities <o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #c00000; font-size: 13.5pt;">B.</span></b><span style="font-size: 13.5pt;"> </span><u><span style="color: #002060; font-size: 13.5pt;">Cash flow from financing activities</span></u><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Investments <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Additions to tangible fixed assets <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Sales proceeds of tangible fixed assets <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #0070c0; font-size: 13.5pt;">Net
cash outflow from investing activities <o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #c00000; font-size: 13.5pt;">C.</span></b><span style="font-size: 13.5pt;"> </span><u><span style="color: #002060; font-size: 13.5pt;">Cash flow from financing activities</span></u><u><span style="font-size: 13.5pt;"><o:p></o:p></span></u></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Share capital borrowings from banks and
foreign <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">institutions <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Capital and other reserves <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #0070c0; font-size: 13.5pt;">Net
cash/ (Outflow) from financing activities <o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #c00000; font-size: 13.5pt;">D.</span></b><span style="font-size: 13.5pt;"> </span><u><span style="color: #002060; font-size: 13.5pt;">Net increase in cash and cash equivalents</span></u><u><span style="font-size: 13.5pt;"> </span></u><u><span style="color: #002060; font-size: 13.5pt;">(A+B+C)</span></u><u><span style="font-size: 13.5pt;"> <o:p></o:p></span></u></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #c00000; font-size: 13.5pt;">E.</span></b><span style="font-size: 13.5pt;"> </span><u><span style="color: #002060; font-size: 13.5pt;">Operating cash and cash equivalents</span></u><span style="font-size: 13.5pt;"> <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<b><span style="color: #c00000; font-size: 13.5pt;">F.</span></b><span style="font-size: 13.5pt;"> </span><u><span style="color: #7030a0; font-size: 13.5pt;">Cash and bank balance at the end of the period</span></u><span style="font-size: 13.5pt;"> </span><o:p></o:p></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 88.15pt; mso-border-alt: solid black .5pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
<br /></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 93.1pt; mso-yfti-irow: 2;">
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 93.1pt; mso-border-bottom-alt: windowtext; mso-border-left-alt: black; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-left-themecolor: text1; mso-border-right-alt: black; mso-border-right-themecolor: text1; mso-border-right-themecolor: text1; mso-border-style-alt: solid; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: windowtext; mso-border-width-alt: .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<span style="color: #0070c0; font-size: 13.5pt;">******<o:p></o:p></span></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<br /></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 94.0pt; mso-yfti-irow: 3;">
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 94.0pt; mso-border-bottom-alt: windowtext; mso-border-left-alt: black; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-left-themecolor: text1; mso-border-right-alt: black; mso-border-right-themecolor: text1; mso-border-right-themecolor: text1; mso-border-style-alt: solid; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: windowtext; mso-border-width-alt: .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 76.5pt;" valign="top" width="102"><div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<span style="color: #0070c0; font-size: 13.5pt;">******<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
<div align="center" style="margin-bottom: .0001pt; margin: 0in; text-align: center;">
<b><span style="font-size: 13.5pt;">*****<o:p></o:p></span></b></div>
</td>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com9tag:blogger.com,1999:blog-3781064339632712289.post-21007024256941182302017-01-30T08:14:00.000-08:002017-02-06T06:17:56.728-08:00Loan Pricing<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue;">Loan Pricing Definition</span></h2>
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<a href="https://2.bp.blogspot.com/-__tV4aTCHxI/WI9mGE862vI/AAAAAAAACTE/nPBBnkyeEEAP3zL4X4P3LoCWfHLIwF9zACLcB/s1600/typesjpg.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="212" src="https://2.bp.blogspot.com/-__tV4aTCHxI/WI9mGE862vI/AAAAAAAACTE/nPBBnkyeEEAP3zL4X4P3LoCWfHLIwF9zACLcB/s320/typesjpg.jpg" width="320" /></a></div>
Loan pricing is a critically important function in a financial institution's operations. Loan-pricing decisions directly affect the safety and soundness of financial institutions through their impact on earnings, credit risk, and, ultimately, capital adequacy. As such, institutions must price loans in a manner sufficient to cover costs, provide the capitalization needed to ensure the institution's financial viability, protect the institution against losses, provide for borrower needs, and allow for growth. Determining the effectiveness of loan pricing is a critical element in assessing and rating an institution's capital, asset quality, management, earnings, liquidity, and sensitivity to market risks.</div>
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<span style="color: blue;">Components which are to be taken into account in pricing of loan and loan program. Or, Factors affecting the Loan Pricing.</span></h3>
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The following is a list of factors that institutions should consider in loan pricing.</div>
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<span style="color: purple;">1. Cost of funds: </span></h4>
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The cost of funds is applicable for each loan product prior to its effective date, allowing sufficient time for loan-pricing decisions and appropriate notification of borrowers.</div>
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<span style="color: purple;">2. Cost of operations: </span></h4>
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The salaries & benefits, training, travel, and all other operating expenses. In addition, insurance expense, financial assistance expenses are imposed to loan pricing.</div>
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<span style="color: purple;">3. Credit risk requirements:</span></h4>
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The provisions for loan losses can have a material impact on loan pricing, particularly in times of loan growth or an increasing credit risk environment. </div>
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<span style="color: purple;">4. Customer options and other IRR:</span> </h4>
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The customer options like right to prepay the loan, interest rate caps, which may expose institutions to IRR. These risks must be priced into loans. </div>
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<span style="color: purple;">5. Interest payment and amortization methodology: </span></h4>
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How interest is credited to a given loan (interest first or principal first) and amortization considerations may have a impact on profitability.</div>
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<span style="color: purple;">6. Loan-able funds: </span></h4>
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It is the amount of capital an institution has invested in loans, which determines the amount an institution must borrow to fund the loan portfolio and operations.</div>
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<span style="color: purple;"><br /></span><span style="color: purple;">7. Patronage Refunds & Dividends:</span> </h4>
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Some banks pay it to their borrowers/shareholders in lieu of lower interest rates. This approach is preferable to lowering interest rates.</div>
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<span style="color: purple;"><br /></span><span style="color: purple; text-align: justify;">8. Capital and Earnings Requirements / Goals:</span><span style="text-align: justify;"> </span></h4>
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Banks must first determine its capital requirements and goals in order to determine its earnings needs.</div>
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<span style="color: blue;">“ Proper Pricing is most essential before launching a new loan product ”. Discussion of that statement.</span></h3>
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Loan pricing is a critically important function in a financial institution's operations. Loan-pricing decisions directly affect the safety and soundness of financial institutions through their impact on earnings, credit risk, and, ultimately, capital adequacy. As such, institutions must price loans in a manner sufficient to cover costs, provide the capitalization needed to ensure the institution's financial viability, protect the institution against losses, provide for borrower needs, and allow for growth. Institutions must have appropriate policy direction, controls, and monitoring and reporting mechanisms to ensure appropriate loan pricing. Determining the effectiveness of loan pricing is a critical element in assessing and rating an institution's capital, asset quality, management, earnings, liquidity, and sensitivity to market risks.</div>
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Loans should be priced at a level sufficient to cover all costs, fund needed provisions to the allowance accounts, and facilitate the accretion of capital. Specific consideration should be given to the cost of funds, the cost of servicing loans, costs of operations, credit risks, interest rate risks, and the competitive environment. </div>
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<span style="color: blue;">Factors affecting while assessing a loan proposal.</span></h3>
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The major factors that interact to loan proposal assessment are mentioned below:</div>
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<span style="color: purple;">1. Credit-worthiness: </span></h4>
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These will be treated on behalf of applicant’s credit history, capacity to repay, collateral value as eligibility criteria.</div>
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<span style="color: purple;">2. Business and Credit history: </span></h4>
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The eligibility may be judged by business track records and also qualifying for the different types of credit history like type of credit facility, credit limit, repayment records, etc.</div>
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<span style="color: purple;">3. Working capital: </span></h4>
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The present working capital may be considered that can be thought of as cash at hand and bank.</div>
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<span style="color: purple;"><br /></span><span style="color: purple;">4. Collateral: </span></h4>
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Collateral securities which are assets will be evaluated as secured assets and pledge or hypothecation of inventory.</div>
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<span style="color: purple;">5. Keen money management skills: </span></h4>
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This includes a solid cash flow, the ability to live, skills of keeping accurate & timely financial records.</div>
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<br /><span style="color: purple;">6. Earning power: </span></h4>
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The earnings of borrower to be given out as loan are some of the determining factors in granting the loans.</div>
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<span style="color: purple;">7. Ability to repay: </span></h4>
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The borrower should have to ability to repay the loans from his business and personal income. </div>
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<br /><span style="color: purple;">8. Experience and character:</span> </h4>
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The borrower should have experience in business to run that should have business skills and managerial experience.</div>
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<span style="color: blue;">In competitive market, which of the variable and fixed pricing as banker you would advocate?</span></h3>
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A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest rates change. As a result, your payments will vary as well (as long as your payments are blended with principal and interest).</div>
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Fixed interest rate loans are loans in which the interest rate charged on the loan will remain fixed for that loan's entire term, no matter what market interest rates do. This will result in your payments being the same over the entire term. Whether a fixed-rate loan is better for you will depend on the interest rate environment when the loan is taken out and on the duration of the loan. </div>
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When a loan is fixed for its entire term, it will be fixed at the then prevailing market interest rate, plus or minus a spread that is unique to the borrower. Generally speaking, if interest rates are relatively low, but are about to increase, then it will be better to lock in your loan at that fixed rate. Depending on the terms of your agreement, your interest rate on the new loan will remain fixed, even if interest rates climb to higher levels. On the other hand, if interest rates are on the decline, then it would be better to have a variable rate loan. As interest rates fall, so will the interest rate on your loan.</div>
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This discussion is simplistic, but the explanation will not change in a more complicated situation. It is important to note that studies have found that over time, the borrower is likely to pay less interest overall with a variable rate loan versus a fixed rate loan. However, the borrower must consider the amortization period of a loan. The longer the amortization period of a loan, the greater the impact a change in interest rates will have on your payments.</div>
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Therefore, adjustable-rate mortgages are beneficial for a borrower in a decreasing interest rate environment, but when interest rates rise, then mortgage payments will rise sharply.</div>
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<span style="color: blue;">Types of Credit facilities that a commercial bank can provide to its clients.</span></h3>
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Different types of credit facilities by commercial bank are as follows:</div>
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<span style="color: purple;">1. Overdraft Facilities:</span></h4>
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The depositor in a current account is allowed to draw over and above his account up to a previously agreed limit. Bank charges interest only on overdrawn amount. </div>
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<span style="color: purple;">2. Cash Credit: </span></h4>
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Borrowers will be allowed to withdraw small sums of money according to his requirements, but not exceed credit and he is required to pay interest only.</div>
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<span style="color: purple;">3. Discounting Bills of Exchange: </span></h4>
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The holder of a bill can get it discounted by the bank, when he is in need of money. After deducting its commission, the bank pays the present price of the bill to the holder.</div>
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<span style="color: purple;">4. Money at Call: </span></h4>
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Bank grant loans for a very short period, not exceeding 7 days to the dealers or brokers in stock exchange markets against collateral securities.</div>
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<span style="color: purple;">5. Term Loans: </span></h4>
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Provide loans to trading, industry and agriculture sector with a period between 1 to 10 years in installment basis. It also provides working capital funds to the borrowers. </div>
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<span style="color: purple;">6. Consortium Finance: </span></h4>
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Two or more banks may jointly provide large loans to the borrower against a common security.</div>
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<span style="color: purple;">7. Consumer Credit: </span></h4>
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Grant credit to households in a limited amount to buy some durable consumer goods or to meet some personal needs.</div>
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<span style="color: purple;">8. Miscellaneous: </span></h4>
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The other forms of loan are packing credits given to exporters, export bills purchased/discounted, import finance against import bills, finance to the self employed, credit to the public sector, credit to the cooperative sector. </div>
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<span style="color: blue;">Why credit-worthiness of an applicant is assessed?</span></h3>
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Credit worthiness is an important business and personal asset each person has to manage. This is an asset which could make or break business relationships and interestingly in some cases, personal relationships. This is a complex abstract concept that is evaluated in many ways by different entities. The factors contribute to creditworthiness is really dependent on the specific evaluation case.This article explains how one can determine a consumer’s creditworthiness and affordability, in other words, a consumer’s ability to repay debt. So what is creditworthiness?</div>
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<span style="color: purple;">Creditworthiness</span></h4>
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Definitions to summarize creditworthiness have existed for as long as credit has been extended to individuals and organizations. With the promulgation of the Act, the standardized definition of creditworthiness has to be taken into consideration. Any definition of creditworthiness needs to withstand any test in terms of the NCA. Any definition associated with creditworthiness should therefore fall within the ambit of a consumer’s:</div>
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Affordability</div>
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Credit history.</div>
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Doing a proper affordability calculation and credit risk assessment based on the credit history of the consumer will allow the credit provider to determine the creditworthiness of the consumer. Doing an investigation into the creditworthiness will also ensure that credit is not extended recklessly and that the consumer is not over-indebted.</div>
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<span style="color: purple;">So, when is a consumer over-indebted?</span></h4>
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<i><span style="color: magenta;">A consumer is over-indebted when:</span></i></div>
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The consumer will not be able to satisfy the requirements of obligations in terms of credit agreements; and The consumer will not be able to satisfy those requirements in a timely manner. In the following sections we are going to consider how to assess the creditworthiness of a consumer in terms of his/her credit history and affordability. A consumer’s creditworthiness has traditionally been determined by a number of factors, a few examples include:</div>
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Record of payments in the past</div>
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Income</div>
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Regular expenses</div>
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Current debt and the repayment of such</div>
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Employment.</div>
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<i><span style="color: magenta;">When assessing the creditworthiness of the consumer, the following credit qualities of the consumer must be investigated:</span></i></div>
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The payment record of the consumer</div>
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The income of the customers.</div>
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The current exposure in terms of debt of the consumer</div>
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The employment prospects of the consumer</div>
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The residence of the consumer</div>
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The age of the consumer</div>
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Marital status of the consumer</div>
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The need for the credit</div>
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The influence of any economic variables.</div>
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<span style="color: blue;">Credit Facilities</span></h2>
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<span style="color: blue;">Credit Facilities Available in Banks. </span></h3>
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<span style="color: purple;"> Overdraft:</span></h4>
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The word overdraft means the act of overdrawing from the Bank account. In other words, the account holder withdraws more money from the Current Account than has been deposited in it. The loan holder can freely draw money from this account up to the limit and can deposit money in the account. The Overdraft loan has an expiry date after which renewal or enhancement is necessary for enjoying such facility. Any deposit in the overdraft account is treated as repayment of loan. Interest is charged as balance outstanding on quarterly basis.Overdraft facilities are generally granted to business -persons.</div>
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<span style="color: purple;"> Cash Credit: </span></h4>
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These are also the facilities where, like overdrafts, a limit is set in the account not exceeding one year. However difference is that a separate “Cash Credit’ account is opened by the bank where limit is applied instead of client’s account. Banks lend money against the security of tangible assets or guarantees in the method. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called “limit” or “credit facility” in excess of the amount deposited in the account. Once a security for repayment has been given, the business that receives the loan can continuously draw from the bank up to that certain specified amount. The purpose of cash credit is to meet working capital need of businesspersons.</div>
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<span style="color: purple;"> Bill Discounting: </span></h4>
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Under this type of lending, Bank takes the bill drawn by borrower on his (borrower’s) customer and pays him immediately deducting some amount as discount and commission. The Bank then presents the Bill to the borrower’s customer on the due date of the Bill and collects the total amount. If the bill is delayed, the borrower or his customer pays the Bank a pre-determined interest depending upon the terms of transaction.</div>
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<span style="color: purple;"> Term Loan: </span></h4>
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This type Banks lend money in this mode when the repayment is sought to be made in fixed, predetermined installments. These are the loans sanctioned for repayment in period more than one year. This type of loan is normally given to the borrowers for acquiring long-term assets.</div>
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<span style="color: purple;"> Short Term loan: </span></h4>
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Term loan extended for short period usually up to One year is term as STL. This type of loan may or may not have specific repayment schedule. However, STL with repayment schedule is preferable.</div>
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<span style="color: purple;"> Letter of Credit: </span></h4>
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This is a pre-import finance, which is made in the form of commitment on behalf of the client to pay an agreed sum of money to the beneficiary of the L/C upon fulfillment of terms and conditions of the credit.Thus at this stage bank does not directly assume any liability, as such the same is termed as contingent liability.</div>
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<br /><span style="color: purple;"> Payment against Documents: </span></h4>
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Payment against Documents or simply (PAD) is a post-import finance to settle the properly drawn import bills received by the bank in case adequate fund is not available in client’s account. This is a demand loan for interim period and liquidates by retiring import bills by the client. The bank shall immediately serve a notice upon the client mentioning arrival of documents with a request to arrange retirement of the same immediately.</div>
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<span style="color: purple;"><br /> Loan against Trust Receipt (LTR): </span></h4>
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This is also a post-import finance facility awarded to retire import bill directly or under PAD as the case may be. In this case, bank may or may not realize margin on the total landed cost, depending upon banker-customer relationship. Here the possession of the goods remains with the borrower and the borrower executes ‘Letter of Trust Receipt’ in acknowledgement of debt and its repayment along with interest within agreed period of time.</div>
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<span style="color: purple;"> Export Finance: </span></h4>
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Like import finance DBL advances in export trade at both pre and post shipment stages. In this type of advance, standing of both opener and beneficiary of export L/C as well as standing of the L/C issuing bank are of important consideration. The pre-shipment facilities are usually required to finance the costs to execute export orders, such as: procuring & processing of raw materials, packaging and transportation, payment of various fees and charges including insurance premium. While post-import facilities are directed to finance exporter’s various requirements, which are required to be settled immediately on the backdrop that usually, settlement of export proceeds takes some time to complete.</div>
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<span style="color: purple;"> Syndicated Loan: </span></h4>
<div style="text-align: justify;">
These are the loans usually involving huge amount of credit and such to reduce a particular bank’s stake. A number of banks and financial institutions participate in such credit, known as <a href="https://en.wikipedia.org/wiki/Syndicated_loan">loan syndication</a>. The bank primarily approached by arranging the credit is known as the lead or managing banks.</div>
<h4 style="text-align: justify;">
<br /><span style="color: purple;"> Lease Finance: </span></h4>
<div style="text-align: justify;">
These types of finance are made to acquire the assets selected by the borrower (lessee) for hiring of the same at a certain agreed terms and conditions with the bank (lessor). In this case, bank retains ownership of the assets and borrower possesses and uses the same on payment of rental as per contract. In this case, no down payment is required and usually purchase option is not permitted.</div>
<h4 style="text-align: justify;">
<span style="color: purple;"> Bank Guarantee: </span></h4>
<div style="text-align: justify;">
Bank Guarantee is one sort of non funded facility. Bank Guarantee is an irrevocable obligation of a bank to pay a pre-agreed amount of money to a third party on behalf of a customer of a bank. A contract of guarantee is thus secondary contract, the principal contract being between the beneficiary and creditor and the principal debtor themselves to which guarantor is not a part. If the promise or the liability in the principal contract is not fulfilled or discharged, only then the liability of guarantor or surety arises.</div>
<div style="text-align: justify;">
<h3>
<br /><span style="color: blue;">A project loan is treated as a term loan. Discuss why. Discuss the risks you anticipate in such financing.</span></h3>
</div>
<div style="text-align: justify;">
Project finance transactions typically involve the direct financing of infrastructure and industrial projects.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The financing is usually secured by the project assets such that the financial institution providing the funds will assume control of the project if the sponsor has difficulties complying with the terms of the transaction.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Project finance is generally used for large, complex and sizable operations, such as roads, oil and gas explorations, dams, and power plants. Due to their complexity, size, and location, these projects often have challenging environmental and social issues, which may include involuntary resettlement, loss of biodiversity, impacts on indigenous and/or local communities, and worker safety, pollution, contamination, and others. Because these projects generally face high scrutiny from regulators, civil society, and financiers, the project’s sponsoring companies allocate more resources to managing environmental and social risks.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
If not managed properly, the environmental and social risks can result in disrupting or halting project operations and lead to legal complications and reputation impacts that threaten the overall success of the project. Because anticipated project cash flows typically generate the necessary resources to repay the loan, any disruption to the project itself, regardless of the financial standing of the sponsoring companies involved, poses a direct financial risk to the financial institution.</div>
</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com19tag:blogger.com,1999:blog-3781064339632712289.post-79943811401286917262017-01-30T06:59:00.000-08:002017-02-06T06:18:23.758-08:00Bank of America<div dir="ltr" style="text-align: left;" trbidi="on">
<h2 style="text-align: left;">
<span style="color: blue;">SWIFT / BIC Code and Routing Number of Bank of America</span></h2>
<div>
<span style="color: purple;"><span style="text-align: justify;">SWIFT code, BIC code of national and international branches of Bank of Amer</span><span style="text-align: justify;">ica have been placed here. Such as - USA, UK, Netherlands, Canada, Australia, Germany, Italy, Ireland, France, Japan, Thailand, Korea, India, Singapore and all other national branches etc.</span></span><br />
<a name='more'></a></div>
<div>
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<span style="font-size: 14.0pt;">Branch Name of <b><span style="color: #00b050;">Bank of
America</span></b></span></div>
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<b><span style="color: #0070c0;">Routing Number</span></b></div>
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<b><span style="color: #7030a0; font-size: 12.0pt;">BIC / SWIFT Code</span></b></div>
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BANK
OF AMERICA, N.A. AMSTERDAM, NETHERLANDS</div>
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<br /></div>
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BOFANLNX</div>
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BANK
OF AMERICA, N.A. AMSTERDAM, NETHERLANDS</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<br /></div>
</td>
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BOFANLNXLIQ</div>
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BANK
OF AMERICA, N.A. ANTWERP, BELGIUM</div>
</td>
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<br /></div>
</td>
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BOFABE3X</div>
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BANK
OF AMERICA, N.A. ATHENS, GREECE</div>
</td>
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<br /></div>
</td>
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BOFAGR2X</div>
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<span style="font-size: x-small;">BANK
OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH, TORONTO</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACATT</div>
</td>
</tr>
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<span style="font-size: x-small;">BANK
OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH, TORONTO</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACATTFCS</div>
</td>
</tr>
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<span style="font-size: x-small;">BANK
OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH, TORONTO </span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACATTGRC</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: x-small;">BANK
OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH, VANCOUVER</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACATTVAN</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Alabama </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Alaska </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Arizona </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
122101706</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Arkansas </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
082000073</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SYDNEY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAAUSX</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SYDNEY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAAUSXSAL</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SYDNEY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAAUSXOBU</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. BEIJING, CHINA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACN3XBEI</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. BANGKOK, THAILAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFATH2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. BANGKOK, THAILAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFATH2XTHA</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
California,
North </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
121000358</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
California,
South </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
122000661</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. CHENNAI (MADRAS), INDIA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIN4XMAA</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DAU2</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DFPS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DKOR</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DSG3</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DSG4</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DTAI</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DTSY</div>
</td>
</tr>
<tr style="height: 12.9pt; mso-height-rule: exactly; mso-yfti-irow: 29;">
<td style="border-top: none; border: solid black 1.0pt; height: 12.9pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; mso-height-rule: exactly; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; mso-height-rule: exactly; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 12.9pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; mso-height-rule: exactly; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DAUS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DCRD</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DSIG</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DSHA</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DHK2</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DJAP</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DSG2</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DIND</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DHKG</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3DCCD</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SBND</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SGDS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. CHARLOTTE, NC, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SMET</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Colorado </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Connecticut </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
011900571</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. DUBLIN, IRELAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIE3X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. DUBLIN, IRELAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIE3XGDS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. DUBLIN, IRELAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIE3XIFS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. DUBLIN, IRELAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIE3XSBL</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. DUBLIN, IRELAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIE3XVAM</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. DUBLIN, IRELAND</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIE3XEQU</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Delaware </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
031202084</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Washington
DC </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
054001204</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Florida,
East </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
063000047</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Florida,
West </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
063100277</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. GUANGZHOU, CHINA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACN4X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Georgia
.</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
061000052</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. FRANKFURT AM MAIN, GERMANY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFADEFX</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. FRANKFURT AM MAIN, GERMANY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFADEFXVAM</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Hawaii </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAHKHX</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAHKHXAAM<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAHKHXEMG<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAHKHXFIO</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAHKHXGMG<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAHKHXSEC</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. HONG KONG</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAHKHXSWP<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Idaho </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
123103716</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Illinois
- South </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
081904808</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Illinois
- North </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
071000505</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Illinois
- Chicago Metro </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
071103619</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
All
other Indiana accounts </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
071214579</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Iowa </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
073000176</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. JAKARTA BRANCH, INDONESIA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAID2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Kansas </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
101100045</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr style="height: 17.3pt; mso-yfti-irow: 74;">
<td style="border-top: none; border: solid black 1.0pt; height: 17.3pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. KOLKATA (CALCUTTA), INDIA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 17.3pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 17.3pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIN4XCCU</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Kentucky </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Louisiana </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA N.A. MADRID, SPAIN</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAES2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: x-small;">BANK
OF AMERICA MERRILL LYNCH INTERNATIONAL
LTD, LONDON, UK</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB2U</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: x-small;">BANK
OF AMERICA MERRILL LYNCH INTERNATIONAL
LTD, LONDON, UK</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB2ULTS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: x-small;">BANK
OF AMERICA MERRILL LYNCH INTERNATIONAL
LTD, LONDON, UK</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB2USBL</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: x-small;">BANK
OF AMERICA MERRILL LYNCH INTERNATIONAL
LTD, LONDON, UK</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB2UTSY</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: x-small;">BANK
OF AMERICA MERRILL LYNCH INTERNATIONAL
LTD, LONDON, UK</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB2UEQU<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Maine </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
011200365</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Massachusetts </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
011000138</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
All
other Michigan accounts </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
072000805</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB22</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22CLS<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22COL<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22GRC<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22LTS<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB3SSWI<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB4TCCD<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB4TCDO<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB4TIPA</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB4TLTR</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB4TLFS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB4TCDY</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB3STRS</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB22SCP</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB22SEC</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22VAM<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAGB22TSY</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22EQN<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. LONDON, BROMLEY, UK</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAGB22BND<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, MALAYSIA BERHAD, KUALA LUMPUR</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAMY2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, MALAYSIA BERHAD, KUALA LUMPUR</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAMY2XLMY<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, MALAYSIA BERHAD, KUALA LUMPUR</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAMY2XGRC<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, MALAYSIA BERHAD, LABUAN,
MALAYSIA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAMY2XLBN<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. MANILA, PHILIPPINES</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAPH2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, MEXICO S.A. MEXICO</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAMXMX</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, MEXICO S.A. MEXICO</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAMXMXMEX<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. MILANO, ITALY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIT2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. MILANO, ITALY</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIT2XMIL</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Minnesota </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Mississippi </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Missouri
East/St. Louis </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
081000032</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Missouri
West/Kansas City </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
101000035</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Montana </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. MUMBAI, INDIA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIN4X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. MIAMI, FL, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3M</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Nebraska </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Nevada </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
122400724</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. NEW DELHI, INDIA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAIN4XDEL</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
New
Hampshire </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
011400495</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
New
Jersey </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
021200339</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA,N.A. NEWJERSY, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAUS3NLMA<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
New
Mexico </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
107000327</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
New
York </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
021000322</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. NEW YORK, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAUS3DEQN<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. NEW YORK, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3N</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. NEW YORK, USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS3NINQ</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
North
Carolina </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
053000196</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
North
Dakota </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Ohio </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Oklahoma </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
103000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Oregon </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
323070380</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. PARIS, FRANCE</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAFRPP</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Pennsylvania </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
031202084</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Rhode
Island </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
011500010</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SHANGHAI, CHINA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFACN3X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SEOUL, KOREA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAKR2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SINGAPORE</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFASG2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SINGAPORE</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFASG2XACU<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA (SINGAPORE) LTD. SINGAPORE</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFASG3X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA (SINGAPORE) LTD. SINGAPORE</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFASG3XJVC</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA (SINGAPORE) LTD. SINGAPORE</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFASG3XEMG<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6H</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SSFX</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAUS6NCAN<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SIPB</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SFCD</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6S</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAUS6NLON<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFAUS6NGFX<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6N</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SIGC</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SGCI</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. SAN FRANCISCO, CA,USA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAUS6SINQ</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
South
Carolina </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
053904483</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
South
Dakota </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. TAIPEI, TAIWAN, PROVINCE OF CHINA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFATW2X</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. TAIPEI, TAIWAN, PROVINCE OF CHINA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFATW2XGRA<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, N.A. TAIPEI, TAIWAN, PROVINCE OF CHINA</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-size: 10.0pt;">BOFATW2XTOB<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Tennessee </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
064000020</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Texas,
North </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
111000025</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Texas,
South </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
113000023</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BANK
OF AMERICA, TOKYO, JAPAN</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
BOFAJPJX</div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Utah </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Vermont </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
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Virginia </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Washington </div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
125000024</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
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<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
West
Virginia </div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
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Wisconsin </div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
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<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 365.4pt;" valign="top" width="487"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
Wyoming </div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 63.0pt;" valign="top" width="84"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
051000017</div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 1.25in;" valign="top" width="120"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-left: -47.7pt; mso-element-top: .05pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com7tag:blogger.com,1999:blog-3781064339632712289.post-30137796906005829482017-01-28T07:47:00.002-08:002017-02-03T08:04:01.818-08:00Working Capital Loan<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: left;">
<div dir="ltr" style="font-size: medium; font-weight: normal; text-align: justify;">
<h2>
<span style="color: blue;">Working Capital Definition</span></h2>
</div>
<div dir="ltr" style="font-size: medium; font-weight: normal;">
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<div style="font-size: medium; font-weight: normal; text-align: justify;">
<a href="https://1.bp.blogspot.com/-j53O33dque0/WIy6FeYwsZI/AAAAAAAACSc/FLU33FsAHB0LOLT5Of6e4F8P0IGWcMTwQCLcB/s1600/working%2Bcapitaljpg.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" height="300" src="https://1.bp.blogspot.com/-j53O33dque0/WIy6FeYwsZI/AAAAAAAACSc/FLU33FsAHB0LOLT5Of6e4F8P0IGWcMTwQCLcB/s400/working%2Bcapitaljpg.jpg" width="400" /></a>Working capital signifies money required for day-to-day operations of an organization. No business can run without the provision of adequate working capital. </div>
<div style="font-size: medium; font-weight: normal; text-align: justify;">
It has two types: </div>
<div style="font-size: medium; font-weight: normal; text-align: justify;">
1) Gross working capital that refers to as working capital means the total current assets;</div>
<div style="font-size: medium; font-weight: normal; text-align: justify;">
2) Net working capital that the differences between current assets and current liabilities.<br />
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<h3>
<span style="color: blue; text-align: left;">Definition of </span><span style="color: blue;">Working Capital Loan </span></h3>
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</h3>
<div style="text-align: justify;">
A working capital loan is a loan used by an organization to cover day-to-day operational expenses. For example, a company is unable to generate the revenue to meet expenses incurred by day-to-day operations. In such case, company may apply for a working capital loan. A working capital loan covers only expenses incurred by existing capital, human resources, etc.</div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;"><a name='more'></a><br />Distinguish between working capital (W/C) and cash credit (CC) loan</span></h3>
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<div style="text-align: justify;">
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<span style="color: red;">SN<o:p></o:p></span></div>
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<td style="border-left: none; border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: red;">Points<o:p></o:p></span></div>
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<td style="border-left: none; border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: red; font-size: 13.5pt;">Working Capital Loan</span><span style="color: red;"><o:p></o:p></span></div>
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<td style="border-left: none; border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: red; font-size: 13.5pt;">Cash Credit Loan</span><span style="color: red;"><o:p></o:p></span></div>
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<td style="border-top: none; border: solid black 1.0pt; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">1.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
Period<span style="font-size: 14pt;"><o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It is taken for a certain period like 5 years<o:p></o:p></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It is for one year and need to renewed every year<o:p></o:p></div>
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<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">2.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
Repayment<span style="font-size: 14.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Repayment is made by Equal monthly installment basis<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Repayment is made by only interest or any sum of amount<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">3.</span><span style="font-size: 7pt; font-stretch: normal; line-height: normal; text-align: justify;"> </span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
Fund Requirement<span style="font-size: 14pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
If the fund is required for purchase of capital
assets, then the bank gives the working capital loan.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
If the fund is required for meeting the working
capital requirement, then the bank gives the CC limit.<o:p></o:p></div>
</td>
</tr>
<tr style="height: 53.5pt; mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">4.</span><span style="font-size: 7pt; font-stretch: normal; line-height: normal; text-align: justify;"> </span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: left;">
Payment and Repayment<span style="font-size: 14.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
The loan amount may be paid at ones and repayment is
made by monthly basis.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
The payment and repayment is made by day basis<o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
</td>
</tr>
<tr style="height: 53.5pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">5.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
Certainty<span style="font-size: 14pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It may be secured by personal guarantee or mortgage
of any fixed asset.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It may be hypothecation and pledged by stock and
receivables.<o:p></o:p></div>
</td>
</tr>
</tbody></table>
<br />
<h3>
<span style="color: blue;">Significance / Importance of working capital for a firm.</span></h3>
</div>
<div style="text-align: justify;">
Working capital is the life blood for running an organization. It is very essential to maintain smooth running of a business. The main significance or importance of working capital are as follows :<br />
<h4>
<span style="color: purple;">1. Supports as initial partial capital:</span></h4>
</div>
<div style="text-align: justify;">
The working capital can helps to adequate liquidity to developing a business.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">2. Strengthen the Solvency: </span></h4>
It helps to operate the smooth flow of production and business without any financial problem for making the payment of short term liabilities.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">3. Enhance the project growth: </span></h4>
Sufficient working capital enables to make prompt payments and helps in creating goodwill.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">4. Easy obtaining finance: </span></h4>
A firm having adequate working capital, high solvency and good credit rating can arrange loans from banks in easy and favorable terms.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">5. Regular supply of raw material: </span></h4>
Quick payment of credit purchase of raw materials ensures the regular supply of raw materials from suppliers.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">6. Smooth business operation: </span></h4>
It maintains a good shape in entire developments for a developing project.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">7. Ability to face crisis: </span></h4>
In crisis to emergency needs, it enables to meet working capital requirement for the project.</div>
<div dir="ltr" style="text-align: justify;">
<h3>
<span style="color: blue;"><br /></span></h3>
<h3>
<span style="color: blue;">Importance/ Advantages of Working Capital Loan for running an agro-industrial project or an industrial project.</span></h3>
</div>
<div style="text-align: justify;">
<div style="text-align: justify;">
Working capital is the life blood for running an agro-industrial / industrial project. It is very essential to maintain smooth running of a business. The main advantages or importance of working capital are as follows:</div>
</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">1. Supports as initial partial capital: </span></h4>
The working capital loan can helps to adequate liquidity to developing agro-industrial / industrial project project.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">2. Strengthen the Solvency: </span></h4>
It helps to operate the smooth flow of production and business without any financial problem for making the payment of short term liabilities. </div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">3. Enhance the project growth: </span></h4>
Sufficient working capital enables to make prompt payments and helps in creating goodwill.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">4. Easy obtaining loan: </span></h4>
A firm having adequate working capital, high solvency and good credit rating can arrange loans from banks in easy and favorable terms.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">5. Regular supply of raw material:</span> </h4>
Quick payment of credit purchase of raw materials ensures the regular supply of raw materials from suppliers.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">6.Smooth business operation: </span></h4>
It maintains a good shape in entire developments for a developing project.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">7.Ability to face crisis: </span></h4>
In crisis to emergency needs, it enables to meet working capital requirement for the project. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Assessments / forecast of working capital requirements. How would you assess the working capital requirement of industry?</span></h3>
</div>
<div style="text-align: justify;">
The shortage or surplus of working capital, both are harmful for the organization especially for poultry industry. So, it is important for the assessments of working capital. The following considerations which is necessary for assessing the working capital requirement for a poultry industry:<br />
<br /></div>
<div style="text-align: justify;">
1. The information of estimated production of poultry business.<br />
<br /></div>
<div style="text-align: justify;">
2. The value of raw material, labor and overheads for unit or sum of production.<br />
<br /></div>
<div style="text-align: justify;">
3. Time lag in store of raw materials of poultry product.<br />
<br /></div>
<div style="text-align: justify;">
4. Time lag in production process of poultry product.<br />
<br /></div>
<div style="text-align: justify;">
5. Stag in the warehouse of finished product.<br />
<br /></div>
<div style="text-align: justify;">
6. Delivery process of the product.<br />
<br /></div>
<div style="text-align: justify;">
7. Collection period from debtors.<br />
<br /></div>
<div style="text-align: justify;">
8. Credit allowed by suppliers.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Factors affecting or determining working capital requirement/ needed of a firm</span></h3>
</div>
<div style="text-align: justify;">
A firm should have neither low nor high working capital. Low working capital involves more risk and more returns, high working capital involves less risk and less returns. The factors determining the needs for of working capital are below:</div>
<div style="text-align: justify;">
1. Nature of the business<br />
<br /></div>
<div style="text-align: justify;">
2. Size of the business<br />
<br /></div>
<div style="text-align: justify;">
3. Length of period of manufacture<br />
<br /></div>
<div style="text-align: justify;">
4. Methods of purchase and sale of commodities<br />
<br /></div>
<div style="text-align: justify;">
5. Converting working assets into cash<br />
<br /></div>
<div style="text-align: justify;">
6. Seasonal variation in business<br />
<br /></div>
<div style="text-align: justify;">
7. Risk in business<br />
<br /></div>
<div style="text-align: justify;">
8. Size of labor force<br />
<br /></div>
<div style="text-align: justify;">
9. Price level changes<br />
<br /></div>
<div style="text-align: justify;">
10.Rate of turnover<br />
<br /></div>
<div style="text-align: justify;">
11.State of business activity<br />
<br /></div>
<div style="text-align: justify;">
12.Business policy.</div>
<div style="text-align: justify;">
<br /></div>
<div dir="ltr" style="text-align: justify;">
<h3>
<span style="color: blue;">Sources of Financing working capital. </span></h3>
</div>
<div style="text-align: justify;">
The sources of financing working capital may be four categories. They are-</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">1. Trade Credit: </span></h4>
It is the primary sources that trade credit make up the important source for a sum of the total working capital.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">2. Bank Credit: </span></h4>
The banks determine the maximum credit based on the margin requirements of the security. The forms of bank credit are Loan and overdraft arrangement, cash credit, bills purchase and bills discounted.</div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">3. Non-bank Short Term Borrowing: </span></h4>
These types of loan are found from relatives, friends, head office or project office etc. </div>
<div style="text-align: justify;">
<h4>
<span style="color: purple;">4. Long-term Sources: </span></h4>
It comprises equity capital and long-term borrowings.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Permanent/ Fixed working capital.</span></h3>
</div>
<div style="text-align: justify;">
<i><span style="color: purple;">Permanent Working Capital</span></i> is to carry on business a certain minimum level of working capital is necessary on a continuous and uninterrupted basis. For all practical purposes, this requirement will have to be met permanently as with other fixed assets. This requirement is referred to as permanent working capital.</div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Temporary/ Variable working capital.</span></h3>
<span style="color: purple;"><i>Temporary Working Capital</i></span> is refers to any amount over and above the permanent level of working capital is temporary, fluctuating or variable working capital. This portion of the required working capital is needed to meet fluctuations in demand consequent upon changes in production and sales as result of seasonal changes.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Difference between Variable working capital and Permanent working capital.</span></h3>
</div>
<div style="text-align: justify;">
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 661px;">
<tbody>
<tr style="height: 27.4pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<span style="color: #7030a0;"><b>SN<o:p></o:p></b></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #7030a0; font-size: 13.5pt;">Particulars</span><span style="color: #7030a0;"><o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: center;">
<b><span style="color: #7030a0; font-size: 13.5pt;">Permanent Working Capital</span><span style="color: #7030a0;"><o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 27.4pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin: 0in 0in 0.0001pt; text-align: left;">
<span style="color: #7030a0; font-size: 13.5pt;"><b>Temporary Working Capital</b><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 44.5pt; mso-yfti-irow: 1;">
<td style="border-top: none; border: solid black 1.0pt; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">1.</span><span style="font-size: 7pt; font-stretch: normal; line-height: normal; text-align: justify;"> </span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: 12pt;">Required level of amount</span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
A certain minimum level of working
capital is necessary to carry the business<span style="font-size: 13.5pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 44.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Any amount over and above the permanent
level of working capital is needed.<span style="font-size: 13.5pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 49.0pt; mso-yfti-irow: 2;">
<td style="border-top: none; border: solid black 1.0pt; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">2.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<span style="font-size: 12pt;">Level of necessity</span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It is necessary on a continuous and
uninterrupted basis.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 49.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Temporarily required in case of increase
of production and sales.<span style="font-size: 13.5pt;"><o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid black 1.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">3.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div style="margin: 0in 0in 0.0001pt; text-align: justify;">
<span style="font-size: 16px;">Pattern of necessity</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
This requirement will have to be
met permanently.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
The necessity in on fluctuating or variable
position.<o:p></o:p></div>
</td>
</tr>
<tr style="height: 53.5pt; mso-yfti-irow: 4;">
<td style="border-top: none; border: solid black 1.0pt; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">4.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Nature of working capital<span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
The working capital cost and investment
is constant.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
The working capital cost and investment
is variable.<span style="font-size: 12pt;"><o:p></o:p></span></div>
</td>
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<tr style="height: 53.5pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: .45in;" valign="top" width="43"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: 0.0001pt; text-align: justify; text-indent: -0.25in;">
<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p><span style="text-align: justify;">5.</span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 99.0pt;" valign="top" width="132"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
Outcome level of firm<span style="font-size: 13.5pt;"><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 189.0pt;" valign="top" width="252"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It make the minimum outcome as well
as growth of the firm.<o:p></o:p></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 53.5pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 175.5pt;" valign="top" width="234"><div style="margin-bottom: .0001pt; margin: 0in; text-align: justify;">
It make a extra ordinary production
outcome of the firm.<span style="font-size: 13.5pt;"><o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
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<div class="MsoNormal">
<br /></div>
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</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com12tag:blogger.com,1999:blog-3781064339632712289.post-86454739557909903552017-01-27T23:01:00.000-08:002017-02-03T08:05:48.147-08:00Credit Planning and Term Loan.<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr">
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<div style="text-align: justify;">
<div>
<h2>
<span style="color: blue;"><span style="color: blue;">Credit Planning and </span>Term Loan's Substance</span></h2>
</div>
<div>
<i>Credit planning</i> is to set out procedures for defining and measuring the credit-risk exposure within the Group and to assess the risk of losses associated with credit extended to customers, financial investments and counter party risks with respect to derivative instruments. <i>Term loan</i> refers to asset based loan payable in a fixed number of equal installments over the term of the loan, usually for 1 to 5 years.<br />
<br />
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<a href="https://1.bp.blogspot.com/-5_xIhDcsN1U/WIxANaF9jqI/AAAAAAAACSM/tqZilPKnZD8SRQVLdZQnxKRMQ3lUSnftgCLcB/s1600/credit%2Bplanjpg.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://1.bp.blogspot.com/-5_xIhDcsN1U/WIxANaF9jqI/AAAAAAAACSM/tqZilPKnZD8SRQVLdZQnxKRMQ3lUSnftgCLcB/s320/credit%2Bplanjpg.jpg" width="320" /></a></div>
<br /></div>
<div>
<div style="text-align: justify;">
<h3>
<span style="color: blue; font-size: large;">Credit Planning</span></h3>
<div>
A credit planning is to set out procedures for defining and measuring the credit-risk exposure within the Group and to assess the risk of losses associated with credit extended to customers, financial investments and counter party risks with respect to derivative instruments. The main aspects of a credit planning are- </div>
<div>
1) the terms and conditions on credit, </div>
<div>
2) customer qualification criteria, </div>
<div>
3) procedure for making collections, and </div>
<div>
4) steps to be taken in case of customer delinquency.</div>
<div>
<br />
<a name='more'></a><br /></div>
<h3>
<span style="color: blue;">Important Factors / Components are to be taken in consideration by a bank in formulating a credit planning or lending operational policy of a bank.</span></h3>
<div>
An effective Credit planning should include the following <i><span style="color: purple;">considerations</span></i>:</div>
<div>
Objectives of the credit function</div>
<div>
Opening procedures and obtaining information for new accounts</div>
<div>
Assessing & evaluating the proposals</div>
<div>
Terms and conditions</div>
<div>
Authority levels and responsibilities</div>
<div>
Invoicing procedures</div>
<div>
Monitoring borrowing and paying behavior of customer</div>
<div>
Procedure relating to complaints and disputes</div>
<div>
Targets, benchmarks, and deadlines for the credit function</div>
<div>
Defining & collecting of dues, overdue and bad debts</div>
<div>
<br />
<br /></div>
<div>
The credit planning should be considered by internal and external factors and should be reviewed on an ongoing process. These are:<br />
<br /></div>
<div>
Customer’s buying patterns, needs and requests</div>
<div>
Type of industry</div>
<div>
Competitors’ offers</div>
<div>
Type of products or services provided to customers</div>
<div>
Production and warehouse management</div>
<div>
Distribution systems</div>
<div>
Credit terms from trade suppliers and the bank’s overdraft limits</div>
<div>
Costs of third parties involved, such as factoring, debt collection agencies, etc</div>
<div>
.</div>
<div>
<br /></div>
<div>
<span style="color: purple;"><i>The components</i></span> that should consider when formulating a lending policy that should influence to extend credit are discussed below:</div>
<h4>
<br />A. Terms of Sale</h4>
<div style="text-align: left;">
</div>
<div dir="ltr" style="text-align: left;">
</div>
<div>
The conditions under which a firm sells its goods & services-</div>
<div>
<br /></div>
<div>
1. The period for which credit is granted: The factors that influence the credit period are</div>
<div>
<br /></div>
<div>
a) Predictability</div>
<div>
b) Consumer Demand</div>
<div>
c) Cost, profitability and standardization</div>
<div>
d) Credit risk</div>
<div>
e) Size of the account</div>
<div>
f) Completion</div>
<div>
<br /></div>
<div>
2. The type of credit instrument</div>
<div>
<br /></div>
<div>
3. Credit Function</div>
<div>
a) Running a credit department</div>
<div>
b) Chose to contract all or part of credit to a factor</div>
<div>
c) Manage internal credit operations are insured against default</div>
<h4>
B. Credit analysis</h4>
<div>
Refers to the process of deciding, it usually involves two steps:</div>
<div>
<br /></div>
<div>
1. Relevant information</div>
<div>
a) financial statements</div>
<div>
b) credit agency</div>
<div>
c) banks credit</div>
<div>
d) market good will</div>
<div>
<br /></div>
<div>
2. Credit Worthiness</div>
<div>
a) Character</div>
<div>
b) Capacity</div>
<div>
c) Capital</div>
<div>
d) Collateral</div>
<div>
<br /></div>
<div>
3. Credit scoring: </div>
<div>
The process of quantifying the probability of default when granting consumer credit</div>
<div>
<br /></div>
<h4>
C. Collection Policy</h4>
<div>
Collection policy is the final factor in credit policy. Collection policy involves monitory receivables to spot trouble and obtaining payment on past due accounts.</div>
<div>
<br /></div>
<h3>
<span style="color: blue;">List down the minimum eligibility criteria to be fulfilled by borrower to obtain loan</span></h3>
<h4>
<span style="color: purple;">1. Credit-worthiness: </span></h4>
<div>
These will be treated on behalf of applicant’s credit history, capacity to repay, collateral value as eligibility criteria.</div>
<h4>
<span style="color: purple;">2. Business and Credit history: </span></h4>
<div>
The eligibility may be judged by business track records and also qualifying for the different types of credit history like type of credit facility, credit limit, repayment records, etc.</div>
<h4>
<span style="color: purple;">3. Working capital: </span></h4>
<div>
The present working capital may be considered that can be thought of as cash at hand and bank.</div>
<h4>
<span style="color: purple;">4. Collateral:</span></h4>
<div>
Collateral securities which are assets will be evaluated as secured assets and pledge or hypothecation of inventory.</div>
<h4>
<span style="color: purple;">5. Keen money management skills: </span></h4>
<div>
This includes a solid cash flow, the ability to live, and skills of keeping accurate and timely financial records.</div>
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</div>
<div dir="ltr" style="text-align: left;">
</div>
<h4>
<span style="color: purple;">6. Earning power:</span> </h4>
<div>
The earnings of borrower to be given out as loan are some of the determining factors in granting the loans.</div>
<h4>
<span style="color: purple;">7. Ability to repay: </span></h4>
<div>
The borrower should have to ability to repay the loans from his business and personal income. </div>
<h4>
<span style="color: purple;">8. Experience and character: </span></h4>
<div>
The borrower should have experience in business to run that should have business skills and managerial experience.</div>
<div>
<br /></div>
</div>
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<h3 style="text-align: justify;">
<span style="color: blue;">Term Loan Definition</span></h3>
<div style="text-align: justify;">
Term loan refers to asset based loan payable in a fixed number of equal installments over the term of the loan, usually for 1 to 5 years. Term loans are generally provided as working capital for acquiring income producing assets like machinery, equipment, inventory that generate the cash flows for repayment of the loan. Banks have term-loan programs that can offer small businesses the cash they need to operate from month to month.<br />
<br />
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<a href="https://2.bp.blogspot.com/-kfhlKH-S2Zs/WIw99tbc-LI/AAAAAAAACSE/Vu_URm6jo8A_kRGAihyH7oDRs1l6WlGTQCEw/s1600/term%2Bloan.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="226" src="https://2.bp.blogspot.com/-kfhlKH-S2Zs/WIw99tbc-LI/AAAAAAAACSE/Vu_URm6jo8A_kRGAihyH7oDRs1l6WlGTQCEw/s400/term%2Bloan.png" width="400" /></a></div>
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<div style="text-align: justify;">
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<div dir="ltr">
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<h3 style="text-align: justify;">
<span style="color: blue;">Why the private commercial banks discourage to consider long term loans</span></h3>
<div style="text-align: justify;">
Most of the time the private commercial banks discourage to finance the long term loans due to some relative risky and problems. These are:</div>
<h4 style="text-align: justify;">
<span style="color: purple;">1) Lower Rates: </span></h4>
<div style="text-align: justify;">
Long-term loan normally have lower interest rates than short-term credits.</div>
<h4 style="text-align: justify;">
<span style="color: purple;">2) Slow Cash Inflow: </span></h4>
<div style="text-align: justify;">
A long-term debt obligation also prevents the faster cash inflow.</div>
<div style="text-align: justify;">
<br /></div>
<h4 style="text-align: justify;">
<span style="color: purple;">3) Risk Involvement: </span></h4>
<div style="text-align: justify;">
Generally, the level of the interest rate is depends upon the risk involved with making the loan. In case of default, long-term loan includes a greater span of time.</div>
<h4 style="text-align: justify;">
<br /><span style="color: purple;">4) Credit turn-over loss: </span></h4>
<div style="text-align: justify;">
The long-term loan will be paid over a loan period. So the lender get recovered the amount by a long period as the lender has missed the rapid credit turn over. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: purple;">5) Long term debt is often costly to service.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="color: purple;">6) The cost of capital is higher in case of long term debt.</span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<h3>
<span style="color: blue;">Distinguish between Term credit and Short-term credit.</span></h3>
<div dir="ltr" style="text-align: left;">
</div>
<div>
<table align="left" border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; margin-left: 6.75pt; margin-right: 6.75pt; mso-border-alt: solid #92CDDC .5pt; mso-border-insideh-themecolor: accent5; mso-border-insideh-themetint: 153; mso-border-insideh: .5pt solid #92CDDC; mso-border-insidev-themecolor: accent5; mso-border-insidev-themetint: 153; mso-border-insidev: .5pt solid #92CDDC; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-table-anchor-horizontal: column; mso-table-anchor-vertical: paragraph; mso-table-left: left; mso-table-lspace: 9.0pt; mso-table-rspace: 9.0pt; mso-table-top: 21.1pt; mso-yfti-tbllook: 1184;">
<tbody>
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<b>SL<o:p></o:p></b></div>
</td>
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<b>Description<o:p></o:p></b></div>
</td>
<td style="background: #92CDDC; border-left: none; border: solid #92CDDC 1.0pt; mso-background-themecolor: accent5; mso-background-themetint: 153; mso-border-alt: solid #92CDDC .5pt; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<b>Term Credit<o:p></o:p></b></div>
</td>
<td style="background: #92CDDC; border-left: none; border: solid #92CDDC 1.0pt; mso-background-themecolor: accent5; mso-background-themetint: 153; mso-border-alt: solid #92CDDC .5pt; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<b>Short Term Credit<o:p></o:p></b></div>
</td>
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<td style="border-top: none; border: solid #92CDDC 1.0pt; height: 46.75pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->1.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; height: 46.75pt; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Definition<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; height: 46.75pt; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">A form of finance that have a small, mid
or long repayment schedule.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; height: 46.75pt; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">A form of finance that have a short
repayment schedule.<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid #92CDDC 1.0pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->2.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Maturity period<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">1 to 5 years, in some cases it may be 20
years.<o:p></o:p></span></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">1 or less than 1 year.<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 21.1pt; mso-yfti-irow: 3;">
<td style="border-top: none; border: solid #92CDDC 1.0pt; height: 21.1pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->3.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; height: 21.1pt; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Competitive <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">interest rate<o:p></o:p></span></div>
</td>
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<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Competitively high rate.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<br /></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; height: 21.1pt; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Competitively marginal or low rate.</span><o:p></o:p></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid #92CDDC 1.0pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->4.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Lending complexity<o:p></o:p></span></div>
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<br /></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Some complex to lending except.<o:p></o:p></span></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">short-term lending Easy to lending.<o:p></o:p></span></div>
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<td style="border-top: none; border: solid #92CDDC 1.0pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->5.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Profitability</span><o:p></o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Marginal profit.</span><o:p></o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">High margin of profit</span><o:p></o:p></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid #92CDDC 1.0pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->6.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
</td>
<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Risk</span><o:p></o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Marginal or high risk.</span><o:p></o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Low risk.<o:p></o:p></span></div>
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<td style="border-top: none; border: solid #92CDDC 1.0pt; mso-border-alt: solid #92CDDC .5pt; mso-border-themecolor: accent5; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 27.7pt;" valign="top" width="37"><div class="MsoListParagraph" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-add-space: auto; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->7.<span style="font-size: 7pt; font-stretch: normal; font-variant-numeric: normal; line-height: normal;"> </span><!--[endif]--><o:p> </o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 121.7pt;" valign="top" width="162"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Loan limit</span><o:p></o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 177.05pt;" valign="top" width="236"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Loan limit is more.</span><o:p></o:p></div>
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<td style="border-bottom: solid #92CDDC 1.0pt; border-left: none; border-right: solid #92CDDC 1.0pt; border-top: none; mso-border-alt: solid #92CDDC .5pt; mso-border-bottom-themecolor: accent5; mso-border-bottom-themetint: 153; mso-border-left-alt: solid #92CDDC .5pt; mso-border-left-themecolor: accent5; mso-border-left-themetint: 153; mso-border-right-themecolor: accent5; mso-border-right-themetint: 153; mso-border-themecolor: accent5; mso-border-themetint: 153; mso-border-top-alt: solid #92CDDC .5pt; mso-border-top-themecolor: accent5; mso-border-top-themetint: 153; padding: 0in 5.4pt 0in 5.4pt; width: 152.35pt;" valign="top" width="203"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 9.0pt; mso-element-top: 21.1pt; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: justify;">
<span style="font-family: "times new roman" , serif; font-size: 13.5pt;">Small Loan limit.<o:p></o:p></span></div>
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<h3>
<span style="color: blue;"><br /></span></h3>
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<span style="color: blue;"><br /></span></h3>
<h3>
<span style="color: blue;"><br /></span></h3>
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<span style="color: blue;"><br /></span></h3>
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<h3>
<span style="color: blue;">Advantages of Short-Term Financing. or, Why do the private commercial banks prefer short term lending.</span></h3>
<div>
There are various advantages of short term financing and this is why private commercial banks prefer short term lending. Those advantages of short term financing are given below with detail -</div>
<div>
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<h4>
<span style="color: purple;">1. Easier to provide:</span></h4>
<div>
Banks can provide short–term credit more easily within the minimum functionality than long-term credit.</div>
<h4>
<span style="color: purple;">2. Higher interest: </span></h4>
<div>
Banks may impose the higher interest rate due to small amount of credit with the minimum or security less financing.</div>
<h4>
<span style="color: purple;">3. Rapid turn-over of capital: </span></h4>
<div>
The capital investment is turning over rapidly and it make chance to further investment.</div>
<h4>
<span style="color: purple;">4. Minimum cost of capital: </span></h4>
<div>
Whether, the short-term credit makes the rapid turn-over of capital investment, thus it may reduce the cost of capital.</div>
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<h4>
<span style="color: purple;">5. Minimum risks:</span> </h4>
<div>
Due to minimum time frame, the repayment of loan may cover in earlier. Thus, the risk is lesser than the long term credit.</div>
<h4>
<span style="color: purple;">6. Easy control over the customers: </span></h4>
<div>
Banks can overlook more easily to the short-term borrowing customers than the long-term borrower. </div>
<h4>
<span style="color: purple;">7. Flexibility to lend: </span></h4>
<div>
It is more flexible in the sense that the banks lends as the borrowers are needed and repay then in due time.</div>
<h4>
<span style="color: purple;">8. Minimum complexity: </span></h4>
<div>
The maintenance and supports of further credit procedures is simple than long-term finance.</div>
<h4>
<span style="color: purple;">9. Fund availability: </span></h4>
<div>
In many cases, commercial banks prefer to maximize the fund availability particularly small enterprises.</div>
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<h3>
</h3>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com24tag:blogger.com,1999:blog-3781064339632712289.post-90350527044273429922017-01-27T09:16:00.003-08:002017-07-11T23:07:02.821-07:00Project<div dir="ltr" style="text-align: left;" trbidi="on">
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<h2>
<span style="color: blue;">Project's General Information</span></h2>
<div>
A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources that are ways of organizing resource. It is a group of individuals who are assembled to perform different tasks on a common set of objectives for a defined period of time. A project is refers to that a temporary group of activity designed to produce a unique product, service or a result. A project has defined by following aspects:</div>
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<div>
1) It is defined a beginning-end schedule and approach; </div>
<div>
2) Uses the resources to allocated works; </div>
<div>
3) Achieves the specific goals within an organized approach; </div>
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4) Usually involves a team of workforce.<br />
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<h3>
<span style="color: blue;">Cost Components of a Mill project (capital cost)</span></h3>
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<h4>
<span style="color: purple;">1. Cost of land and site development</span></h4>
<div>
- Cost Of Land</div>
<div>
- Cost Of Leveling/Development</div>
<div>
- Cost Of Approach Road</div>
<div>
- Cost Of Compound Wall </div>
<h4>
<span style="color: purple;">2. Cost of Building and Civil Work </span></h4>
<div>
- Factory building</div>
<div>
- Raw material go down</div>
<div>
- Finished goods storage & packing</div>
<div>
- Administrative building</div>
<div>
- Conference hall</div>
<div>
- Generator room & workshop</div>
<div>
- Watchmen Cabin</div>
<div>
- Electricity Chamber<br />
<br /></div>
<h4>
<span style="color: purple;">3. Cost of plant & machinery</span></h4>
<div>
- Milling section</div>
<div>
- Paddy bar-boiling/steaming plant</div>
<div>
- Steam boiler</div>
<div>
- Excuse Duty & Other Taxes</div>
<h4>
<span style="color: purple;">4. Others fixed assets costs </span></h4>
<div>
- Office furniture & fixtures</div>
<div>
- Computer</div>
<div>
- Electrification & fire fighting equipment.</div>
<div>
- Air compressor</div>
<div>
- Vehicle (truck)</div>
<div>
- Other machinery tools & tackles.</div>
<h4>
<span style="color: purple;">5. Preoperative Expenses</span></h4>
<h4>
<span style="color: purple;">6. Margin Money For Working Capital </span></h4>
<div>
- Raw material</div>
<div>
- Electricity charges.</div>
<div style="text-align: left;">
</div>
<div dir="ltr" style="text-align: left;">
</div>
<div>
- Salary & wages</div>
<div>
- Stores & spares</div>
<div>
- Overhead & packing</div>
<div>
- Stock of finished goods & goods in process</div>
<div>
<br /></div>
<h3>
<span style="color: blue;">Project Appraisal</span></h3>
<div>
A Project appraisal is refers to the process of assessing, in a structured way, the case for proceeding with a project that is the effort of calculating a project's viability. The processes of a project appraisal are- Initial assessment, define problem and long-list, consult and short-list, develop options, compare and select project.<br />
<h3>
<span style="color: blue;">Factors are to be taken into consideration by a banker during appraisal of a project loan proposal.</span></h3>
</div>
<div>
The most important factors to be considered during appraisal of project loan proposal are as follows:</div>
<h4>
<span style="color: purple;">1. Professional profile: </span></h4>
<div>
Evaluate the ability to manage the project that must have the experience, skills, determination and self-confidence necessary to successfully carry out the project.</div>
<h4>
<span style="color: purple;">2. Project's viability: </span></h4>
<div>
It should have a business plan that is clear, structured and short, but also covers all the elements of business. It needs to present few years of financial projections as well as an analysis of market size, market potential and positioning.</div>
<h4>
<span style="color: purple;">3. Financial strength: </span></h4>
<div>
It will have to know the personal and business net worth, so bank can judge the ability to meet financial obligations. Bank will also look at past credit history to gauge the future.</div>
<h4>
<span style="color: purple;">4. Collateral: </span></h4>
<div>
Banks often also look for assets to secure a loan. The collateral ensures the safely lending to the customer in case of bad-debt arises in future.</div>
<h4>
<span style="color: purple;">5. Borrower Analysis: </span></h4>
<div>
Share holding, reputation, education, experience – success history, net worth, age etc.</div>
<h4>
<span style="color: purple;">6. Industry Analysis: </span></h4>
<div>
Position, prospect, Risk factors, share in the industry, strength, weakness etc.</div>
<div>
<h4>
<span style="color: purple;">7. Historical financial analysis Earning, cash flow, leverage, profitability, etc</span></h4>
<div>
- Salary & wages</div>
<div>
- Stores & spares</div>
<div>
- Overhead & packing</div>
<div>
- Stock of finished goods & goods in process.</div>
<div style="text-align: left;">
</div>
<div dir="ltr" style="text-align: left;">
</div>
</div>
<h4>
<span style="color: purple;">8. Supplier / Buyer Risk Analysis.</span></h4>
<h4>
<span style="color: purple;">9. Demand Supply position.</span></h4>
<h4>
<span style="color: purple;">10. Technical / Infrastructural feasibility.</span></h4>
<h4>
<span style="color: purple;">11. Management Teams Competence.</span></h4>
<h4>
<span style="color: purple;">12. Seasonality of demand.</span></h4>
<h4>
<span style="color: purple;">13. Debt-Equity Ratio.</span></h4>
<div>
<span style="color: purple;"><br /></span></div>
<h3>
</h3>
<h3>
<span style="color: blue;">Project Management</span></h3>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://3.bp.blogspot.com/-qYbWj9_-Uow/WIt9TQOEQmI/AAAAAAAACRc/6UrFjtswOoQYdy0zkCiy39X6pFwqUXT4ACEw/s1600/Project%2BManagement.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="323" src="https://3.bp.blogspot.com/-qYbWj9_-Uow/WIt9TQOEQmI/AAAAAAAACRc/6UrFjtswOoQYdy0zkCiy39X6pFwqUXT4ACEw/s400/Project%2BManagement.jpg" width="400" /></a></div>
<div>
<span style="color: blue;"><br /></span></div>
<span style="color: blue;"></span><br />
<h3>
<span style="color: blue;">
<span style="color: blue;"><br /></span></span></h3>
<span style="color: blue;">
Difference between Lending Risk Analysis (LRA) and Credit Risk Grading (CRG)</span><br />
<div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; margin-left: -.05in; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 1184; width: 654px;">
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<td style="border: solid black 1.0pt; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 34.45pt;" valign="top" width="46"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "times new roman" , "serif"; font-size: 13.5pt;"><span style="color: red;">1.</span><o:p></o:p></span></div>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.55pt;" valign="top" width="158"><h4 style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;"><span style="color: purple;">Lending Risk Analysis (LRA)</span></span></h4>
</td>
<td style="border-left: none; border: solid black 1.0pt; height: 170.5pt; mso-border-alt: solid black .5pt; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-themecolor: text1; mso-border-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 4.5in;" valign="top" width="432"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Lending
Risk Analysis (LRA) is a technique by which the loan risk is calculated by
Credit department of a bank that need to analyze it when loan application is
above 1 crore. The ranking of it is total 140, 120 is for total business risk
and another 20 is for total security risk. In LRA, following aspects are
analyzed: supplies risk, sales risk, performance risk, resilience risk,
management ability, level of managerial teamwork, management competent risk,
management integrity risk, security control risk, and security covers risk.</span><o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
</td>
</tr>
<tr style="height: 130.0pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="border-top: none; border: solid black 1.0pt; height: 130.0pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 34.45pt;" valign="top" width="46"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: "times new roman" , "serif"; font-size: 13.5pt;"><span style="color: red;">2.</span><o:p></o:p></span></div>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 130.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 118.55pt;" valign="top" width="158"><h4 style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-size: 13.5pt;"><span style="color: purple;">Credit Risk Grading (CRG)</span></span></h4>
</td>
<td style="border-bottom: solid black 1.0pt; border-left: none; border-right: solid black 1.0pt; border-top: none; height: 130.0pt; mso-border-alt: solid black .5pt; mso-border-bottom-themecolor: text1; mso-border-left-alt: solid black .5pt; mso-border-left-themecolor: text1; mso-border-right-themecolor: text1; mso-border-themecolor: text1; mso-border-top-alt: solid black .5pt; mso-border-top-themecolor: text1; padding: 0in 5.4pt 0in 5.4pt; width: 4.5in;" valign="top" width="432"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 13.5pt;">Credit
Risk Grading (CRG) is a collective definition based on the pre-specified
scale and reflects the underlying credit risk for a given exposure. It
deploys a number/ symbol as a primary summary indicator of risks associated
with a credit exposure. The proposed CRG scale consists of 8 categories are
as: superior, good, acceptable, marginal, special mention, sub-standard,
doubtful, and bad & loss.</span><o:p></o:p></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
</td>
</tr>
</tbody></table>
</div>
<div>
<br /></div>
<h3>
<span style="color: blue;">Project Network</span></h3>
<div>
<span style="color: blue;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-MVo9Dd7H2a8/WIt_QFu9O_I/AAAAAAAACRw/VlwobiCmobs9sGRHjpB3B3P9xCx1NBBmwCEw/s1600/Project%2Bnetwork.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://1.bp.blogspot.com/-MVo9Dd7H2a8/WIt_QFu9O_I/AAAAAAAACRw/VlwobiCmobs9sGRHjpB3B3P9xCx1NBBmwCEw/s1600/Project%2Bnetwork.png" /></a></div>
<div>
<span style="color: blue;"><br /></span></div>
<h3>
<span style="color: blue;">The Risks Factors can make an industry sick. How each factor accelerates the sickness? Or, Factor behind/responsible industrial sickness.</span></h3>
<div>
<br /></div>
<div>
The two categories factors are listed behind that accelerate the industry sickness are discussed below:</div>
<div>
<br /></div>
<span style="color: blue;"><b><u>A. Internal risk factors:</u></b></span><br />
<div>
<h4>
<span style="color: purple;">1. Lack of Finance: </span></h4>
<div>
The weak equity, inefficient working capital, absence of costing & pricing and budgeting, and so on will accelerate the industry sick. </div>
<h4>
<span style="color: purple;">2. Inefficient Production Policies: </span></h4>
<div>
This includes wrong selection of site is related to production, lack of quality control and standard, research & development, etc. </div>
<h4>
<span style="color: purple;">3. Marketing factors:</span> </h4>
<div>
Inefficient planning and product mix, weak market research and sales promotions are force to industry sickness. </div>
<h4>
<span style="color: purple;">4. Improper Staffing: </span></h4>
<div>
It includes bad wages and salary administration, bad labor relation, conflicts among the employees and workers. </div>
<h4>
<span style="color: purple;">5. Ineffective Corporate Management: </span></h4>
<div>
It includes improper corporate planning, lack of coordination, control and integrity in top management, etc. </div>
</div>
<div>
<br /></div>
<h4>
<span style="color: blue;"><u>B. External risk factors:</u></span> </h4>
<div>
<h4>
<span style="color: purple;">1. Personnel Constraint: </span></h4>
<div>
Unskilled labor, wages disparity, general labor invested in the area will accelerate behind make a sickness. </div>
<h4>
<span style="color: purple;">2. Marketing Issues: </span></h4>
<div>
The sickness arrives due to liberal licensing policies, changes in global marketing, excessive tax policies by govt. and market recession. </div>
<h4>
<span style="color: purple;">3. Production problem: </span></h4>
<div>
This arises due to shortage of raw material and its high prices, shortage of power, import-export restrictions. </div>
<h4>
<span style="color: purple;">4. Financial Issues:</span> </h4>
<div>
The sickness arises due to credit restrains policy, delay in loan disbursement, unfavorable investments, etc</div>
</div>
<div>
<br /></div>
</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<br /></div>
</div>
Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com9tag:blogger.com,1999:blog-3781064339632712289.post-86795017012210220632017-01-24T07:08:00.000-08:002017-02-06T06:19:21.684-08:00Banking Terms for Agriculture Financing (short notes)<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr">
</div>
<div style="text-align: justify;">
<h3>
<b>Short Notes for Agriculture Financing.</b></h3>
<div>
<b><br /></b></div>
<b>Abstract:</b></div>
<div style="text-align: justify;">
A written, chronological summary of all deeds, mortgages, foreclosures and other transactions affecting the title to a tract of land. Also called abstract of title.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Acceleration clause: </b><br />
<div style="text-align: justify;">
A common provision of a mortgage or note providing the lender with the right to demand that the entire outstanding balance be immediately due and payable in the event of default.</div>
<div style="text-align: justify;">
<br />
<a name='more'></a><br /></div>
<b style="text-align: justify;">Adjustable-rate loan: </b><br />
<div style="text-align: justify;">
An adjustable rate loan has provisions to change the interest rate at pre-specified points in time based on changes in a market index, a lenders cost of funds or other factors as determined by the lender.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Administrative costs: </b><br />
<div style="text-align: justify;">
A lenders operating and fixed costs charged for completing and servicing a loan.</div>
<br />
<div dir="ltr">
</div>
<div style="text-align: justify;">
<b>Agricultural bank: </b></div>
<div style="text-align: justify;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://4.bp.blogspot.com/-ZFJluFqtzp0/VwyYKel4JLI/AAAAAAAAASU/LS30Cky06OwiTIusanvoV-Pe-fhebZ8MQCPcB/s1600/agriculturalbank.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="143" src="https://4.bp.blogspot.com/-ZFJluFqtzp0/VwyYKel4JLI/AAAAAAAAASU/LS30Cky06OwiTIusanvoV-Pe-fhebZ8MQCPcB/s200/agriculturalbank.jpg" width="200" /></a></div>
<b><br /></b></div>
<div style="text-align: justify;">
A bank that has a significant involvement in agricultural lending. Three methods are commonly used to identify an agricultural bank: </div>
<div style="text-align: justify;">
1) location in an agricultural community; </div>
<div style="text-align: justify;">
2) a specified proportion of agricultural loans to total loans (e.g., above the average ratio for all banks or greater than 25% agricultural loans to total loans); </div>
<div style="text-align: justify;">
3) a specified amount of agricultural loans (e.g., $5 million).Annual percentage rate (APR): The term used in the Truth and Lending Act. It is an actuarial representation of the total financing cost of credit expressed as a percent per annum. The annual percentage rate (APR) is calculated similarly across different institutions.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Appraisal: </b><br />
<div style="text-align: justify;">
The written summary by a qualified individual setting forth an estimated value of a specific asset or group of assets, usually used in reference to real estate.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Appreciation: </b><br />
<div style="text-align: justify;">
The increase in value of an asset over time.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Assets: </b><br />
<div style="text-align: justify;">
The items and property owned or controlled by an individual or business that have commercial or exchange value. Items may also include claims against others. All assets are reported on a balance sheet at market or cost value less accumulated depreciation.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Assignment: </b><br />
<div style="text-align: justify;">
The transfer of title, property, rights or other interests from one person or entity to another.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Average cost of funds: </b><br />
<div style="text-align: justify;">
A method of determining the cost of funds at a lending institution. This Method uses an average cost of existing funds. In contrast, the marginal cost of funds uses cost of new funds only.<br />
<br /></div>
<div style="text-align: justify;">
<b style="text-align: justify;">Balance sheet: </b></div>
<div style="text-align: justify;">
<b style="text-align: justify;"><span style="font-weight: normal;">The financial statement that reflects the values of an individual or business as assets and the financial claims on these assets at a specific point in time.</span></b></div>
<div style="text-align: justify;">
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/--pWMyVJqSok/WId0dWRddII/AAAAAAAACP4/ZpVdbWwqPbYBfcNdTPHuDWc0jhNK66t9ACLcB/s1600/balance%2Bsheet.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="320" src="https://4.bp.blogspot.com/--pWMyVJqSok/WId0dWRddII/AAAAAAAACP4/ZpVdbWwqPbYBfcNdTPHuDWc0jhNK66t9ACLcB/s320/balance%2Bsheet.jpg" width="214" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><br /></td></tr>
</tbody></table>
<b style="text-align: justify;">Balloon payment: </b></div>
<div style="text-align: justify;">
A lump-sum final payment of a loan. It reflects the entire remaining balance of a shorter term loan (e.g., 5 years) which is amortized over a longer term (e.g. 10 to 20 years).</div>
<div style="text-align: justify;">
<b><br /></b></div>
<br />
<div dir="ltr">
</div>
<div style="text-align: justify;">
<b>Bankruptcy: </b></div>
<div style="text-align: justify;">
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://4.bp.blogspot.com/-lydsGrHL6tw/WId2Q7IRj8I/AAAAAAAACQA/RTvzsJchH9AMUdxhccQJOzpu5aZHEb-7gCLcB/s1600/bankruptcy.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="259" src="https://4.bp.blogspot.com/-lydsGrHL6tw/WId2Q7IRj8I/AAAAAAAACQA/RTvzsJchH9AMUdxhccQJOzpu5aZHEb-7gCLcB/s320/bankruptcy.jpg" width="320" /></a></div>
The federal court proceeding by which a debtor (individual or corporation) may obtain protection from creditors.<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-k2K_3MDFlJA/WId2qNi15zI/AAAAAAAACQE/1AvTFDhgFlIHa2bCiMLPxfdFRl1zp9unwCLcB/s1600/bankruptcey.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://3.bp.blogspot.com/-k2K_3MDFlJA/WId2qNi15zI/AAAAAAAACQE/1AvTFDhgFlIHa2bCiMLPxfdFRl1zp9unwCLcB/s1600/bankruptcey.jpg" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Certificate of bankruptcy</td></tr>
</tbody></table>
<br />
The two general types of bankruptcy are voluntary and involuntary. A voluntary bankruptcy is initiated when the debtor voluntarily files a petition. In an involuntary bankruptcy, the creditor forces the debtor into bankruptcy. Debtors qualifying as a farmers may not be involuntarily forced into bankruptcy. Bankruptcy proceedings involving farmers are declared under one of the several chapters of the federal bankruptcy code: Chapter 7 - liquidation; Chapters 11 and 12 -reorganizations; Chapter 13 - adjustment and workouts of debt.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Base rate: </b><br />
<div style="text-align: justify;">
An interest rate used as a basis to price loans. A margin reflecting the riskiness of the individual or operation is added to or subtracted from the base rate to determine the loan rate. The bank funding, operating cost and required return are reflected in the base rate.Basis point: Usually used in describing interest rate movements or interest costs. One basis point is 1/100 of 1%. For example, 50 basis points is 0.5%.</div>
<div style="text-align: justify;">
<b><br /></b>
<b>Blanket mortgage:</b> </div>
<div style="text-align: justify;">
A lien on more than one parcel of real estate.<br />
<br />
<b>Blanket security agreement: </b><br />
A security interest in favor of the lender covering all chattels.<br />
<br /></div>
<div style="text-align: justify;">
<b>Bridge loan: </b></div>
<div style="text-align: justify;">
A temporary, single-payment loan used by creditors to ãbridgeä the time period between the retirement of one loan and the issuance of another. An example is a loan used for the down payment on a new real estate purchase.</div>
<div style="text-align: justify;">
<b>Cap: </b></div>
<div style="text-align: justify;">
Used with variable- or adjustable-rate loans. Refers to the maximum allowable adjustment in interest rate.</div>
<div style="text-align: justify;">
<b><br /></b>
<b>Capital debt repayment capacity (CDRC):</b> </div>
<div style="text-align: justify;">
Capital debt repayment capacity is a borrower as projected amount of funds available to repay principal and interest on intermediate- and long-term loans. Capital debt repayment capacity adjusts for non cash depreciation and accounts for net income, commitments for capital items and withdrawals.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Cash flow budget: </b><br />
<div style="text-align: justify;">
A financial statement reflecting the projected sources and uses of cash. Items on the statement are usually categorized as business or non business with subdivisions for funds from business operations and funds from financing.</div>
<div style="text-align: justify;">
<br /></div>
<b style="text-align: justify;">Chattel: </b><br />
<div style="text-align: justify;">
Tangible personal property (e.g., tractors, grain, livestock, vehicles).</div>
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<b>Closing: </b></div>
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Process by which all fees and documents required by a lender prior to disbursing loan proceeds are executed and filed. Usually used in reference to the completion of a real estate transaction that transfers rights of ownership in exchange for monetary considerations.</div>
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<b style="text-align: justify;">Closing costs: </b><br />
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The costs incurred by borrowers and sellers in completing a loan transaction. Included are origination fees, inspections, title insurance, appraisals, attorney as and realtor as fees, and other costs of closing a loan.</div>
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<b style="text-align: justify;">Collateral: </b><br />
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Property pledged to assure repayment of debt.</div>
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<b style="text-align: justify;">Commitment: </b><br />
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A formal agreement between a lender and borrower to lend up to a specified amount of money at a specified future date subject to specific performance criteria and repayment terms.</div>
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<b style="text-align: justify;">Commitment fee:</b><span style="text-align: justify;"> </span><br />
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The fee associated with the establishment of a loan commitment. The fee is usually expressed as a percentage of the loan commitment.<br />
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<b>Commodity Credit Corporation (CCC): </b></div>
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The Commodity Credit Corporation is a wholly owned federal corporation within the U.S. Department of Agriculture formed to finance price supports for agricultural commodities. The objectives of the CCC are to stabilize and support income and commodity prices. In addition, the CCC facilitates the distribution and the balanced supply of agricultural commodities.</div>
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<b style="text-align: justify;">Compensating deposit balance: </b><br />
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A minimum deposit balance that is sometimes required by a bank from a borrower. The balance is usually expressed as a percentage of the total loan commitment and/or a stipulated percentage of the amount of commitment actually used by the customer. In some cases, compensating balances can be used as a negotiating device by the borrower.<br />
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<b style="text-align: justify;">Compound interest:</b><span style="text-align: justify;"> </span></div>
<i style="text-align: justify;">Compound interest</i><span style="text-align: justify;"> means that each time interest is paid, it is added to or compounded into the principal and thereafter also earns interest. </span><span style="text-align: justify;">For example, a new deposit balance is estimated each day for daily compounding. Common compounding periods are daily, monthly, quarterly, annually and continuously. The more frequent the compounding, the higher the effective rate of interest.</span><br />
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<b>Contract sale: </b></div>
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A sale of property directly between buyer and seller. An agreement is made between the buyer and seller determining price, payment terms and title transfer.<br />
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<b>Cooperative: </b></div>
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An organization that is owned by and operated for the benefit of its patrons. An example is the Farm Credit System, in which member borrowers are the owners of the system.</div>
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<b style="text-align: justify;">Correspondent bank:</b><span style="text-align: justify;"> </span><br />
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A bank that performs specific functions for another bank (respondent bank). Functions may include loan participation, check clearing, data processing, cash management and consulting services.</div>
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<b>Co-signer: </b></div>
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An individual in addition to the borrower who signs a note and thus assumes responsibility and liability for repayment.<br />
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<b>Cost of funds: </b></div>
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Refers to the interest and non interest cost of obtaining equity and debt funds.<br />
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<b>Covenant: </b></div>
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A legal promise in a note, loan agreement, security agreement or mortgage to do or not to do specific acts; or a promise that certain conditions do or do not exist. A breach of a covenant can lead to the injured party pursuing legal remedies and can be a basis for foreclosure.<br />
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<b>Credit scoring: </b></div>
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A quantitative approach used to measure and evaluate the creditworthiness of a loan applicant. A measure of profitability, solvency, management ability and liquidity are commonly included in a credit scoring model.</div>
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<b>Credit verification: </b></div>
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The process involved in confirming the creditworthiness of a borrower.<br />
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<b>Creditworthiness</b>: </div>
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The ability, willingness and financial capability of a borrower to repay debt.<br />
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<b>Current ratio:</b> </div>
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A liquidity ratio calculated as current assets divided by current liabilities.<br />
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<b>Debt-to-asset ratio: </b></div>
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A solvency ratio calculated as total liabilities divided by total assets.<br />
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<b>Deed of trust: </b></div>
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A written instrument that conveys or transfers property to a trustee. Property is transferred by the borrower to a trustee, who holds it as security for the payment of debt, and upon full payment of the debt is re-conveyed to the borrower. In some states, a deed of trust is used in place of a mortgage.<br />
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<b>Default:</b> </div>
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The failure of a borrower to meet the financial obligations of a loan or a breach of any of the other terms or covenants of a loan.<br />
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<b>Delinquency:</b> </div>
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The status of principal and/or interest payments on a loan that are overdue.</div>
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<b>Demand loan: </b></div>
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A loan with no specific maturity date. The lender may demand payment on the loan at any time.</div>
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<b><a href="http://www.banktheories.com/2017/01/depreciation-and-inflation.html">Depreciation</a>: </b></div>
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A decrease in value of real property caused by age, use, obsolescence and physical deterioration. A non cash accounting expense that reflects the allowable deduction in book value of assets such as machinery, buildings or breeding livestock.</div>
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<b style="text-align: justify;">Down payment: </b><br />
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The equity amount invested in an asset purchase. The down payment plus the amount borrowed generally equals the total value of the asset purchased.</div>
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<b>Draft: </b></div>
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An order for the payment of money drawn by one person or bank on another. Often used in the dispersal of an operating loan to a borrower for payment of bills.</div>
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<b>Earnest money: </b></div>
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Upon negotiation of the terms of sale, the portion of a down payment given to the seller (or escrow agent) as evidence of good faith in following through with the transaction.</div>
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<b>Effective interest rate: </b></div>
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The calculated interest rate that may take account of stock, fees and compounding, in contrast to a quoted rate of interest.</div>
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<b>Employment verification: </b></div>
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The confirmation of conditions of employment of a potential borrower.</div>
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<b>Encumbrance: </b></div>
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A claim or interest that limits the right of property. Examples include liens, mortgages, leases, dower rights of easements.</div>
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<b>Escrow:</b> </div>
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The process of an agent providing safe keeping of cash, securities and documents and handling the paperwork and transfer of funds for the borrower and seller.</div>
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<b>Farm Credit System (FCS):</b> </div>
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A system of federally chartered, but privately owned, banks and associations that lend primarily to agricultural producers and their cooperatives. The System is organized as a cooperative. The System is supervised and regulated by the Farm Credit Administration, an agency in the executive branch of the U.S. government.</div>
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<b>Farmers Service Agency (FSA): </b></div>
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A U.S. government agency operating under the authority of the U.S. Department of Agriculture. Programs principally provide or guarantee credit for agricultural and rural borrowers who show promise for financial viability but are unable to independently obtain financing from commercial sources. Loan programs include direct loans and partial guarantees of loans made by commercial </div>
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lenders.</div>
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<b>Fees:</b> </div>
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A fixed charge or payment for services associated with a loan transaction.</div>
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<b>Filing:</b> </div>
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Giving public disclosure of a lenders security interest or assignment in collateral. In many cases this includes notice to certain government agencies.</div>
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<b>Financial statement: </b></div>
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A written report of the financial condition of a firm. Financial statements include balance sheet, income statement, statement of changes in net worth and statement of cash flow. A statement filed by a lender with a public official. The statement reports the security interest or lien on the borrower as assets.</div>
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<b>First mortgage:</b> </div>
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A real estate mortgage that has priority over all other mortgages on a specified piece of real estate.</div>
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<b>Fixed-rate loan: </b></div>
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A loan that bears the same interest rate until loan maturity.</div>
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<b>Foreclosure: </b></div>
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The legal process by which a lien against property is enforced through the taking and selling of the property.</div>
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<b>Graduated payment mortgage: </b></div>
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A type of delayed payment mortgage where the payments increase over time.</div>
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<b>Grantor: </b></div>
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A person or entity conveying an interest in real property.</div>
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<b>Guarantor: </b></div>
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A person or entity that takes the financial responsibility of another person as debt or other obligations in the case of default.</div>
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<b>Income statement</b>:</div>
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Summary of the revenue (receipts or income) and expenses (costs) of a business over a period of time to determine its profit position. The income statement is also referred to as a profit and loss statement, earnings statement or an operating statement.</div>
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<b>Intermediate-term loan</b>: </div>
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A loan to be repaid (or amortized) over a period of 18 months to 10 years, with 3 to 5 years being most common. Intermediate-term loans typically are used to finance machinery, equipment, automobiles, trucks, breeding livestock, improvements, and other durable, yet depreciable, assets.</div>
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<b>Land trust: </b></div>
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Legal entity by which a interest in real property is converted to an interest in personal property.Owners deed real property to the trust and receive an interest in the </div>
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trust in return.</div>
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<b>Lease:</b> </div>
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Acquiring the control of an asset (e.g., land machinery) by renting for a specified period of time. A rental payment is made by the lessee (or tenant) to the lessor (or landlord) to cover the lessor as cost of ownership. Examples include operating leases, financial leases, real estate leases and custom hiring.<br />
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<b>Lease-purchase: </b></div>
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A financing arrangement in which an asset (e.g., a tractor) is leased for a period of time and then purchased at a price specified in the lease-purchase contract. Legal lending limit: A legal limit on the total amount of loans and commitments a financial institution can have outstanding to any one borrower. The limit usually is determined as a specified percentage of the financial institution as own net worth or equity capital. Its purpose is to avoid excessive exposure to credit risk of an individual borrower.</div>
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<b><a href="http://www.banktheories.com/2015/04/lien.html">Lien:</a></b></div>
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A claim by a creditor on property or assets of a debtor in which the property may be held as security or sold in satisfaction (full or partial) of a debt. Liens may arise through borrowing transactions where the lender is granted a lien on the borrower as property. Other examples of liens include tax liens against real estate with delinquent taxes, a mechanic as lien against property on which work has been performed, and a landlord as lien against crops grown by a tenant.<br />
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<b>Line-of-credit: </b></div>
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An arrangement by a lender to make an amount of credit available to a borrower for use over a specified period of time. It is generally characterized by a master note, cash flow budgets, and periodic and partial disbursements and repayments of loan funds. A formal agreement of similar characteristics is a credit commitment.<br />
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<b>Liquidation: </b></div>
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The sale of assets to generate cash needed to meet financial obligations, transactions or investment opportunities.<br />
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<b>Liquidity: </b></div>
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The ability of a business to generate cash, with little risk of loss of principal value, to meet financial obligations, transactions or investment opportunities.<br />
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<b>Loan agreement: </b></div>
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Typically refers to a written agreement between a lender and borrower stipulating terms and conditions associated with a financing transaction and in addition to those included to accompanying note, security agreement and other loan documents. The agreement may indicate the obligations of each party, reporting requirements, possible sanctions for lack of borrower performance, and any restrictions placed on a borrower.<br />
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<b>Loan commitment: </b></div>
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A formal agreement to lend up to a specified dollar amount during a specified period.<br />
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<b>Loan committee:</b></div>
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A committee of loan officers, executive personnel and/or directors of a financial institution who establish lending policies and /or approve loan requests that exceed the lending authority of individual loan officers.<br />
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<b>Loan conversion provision: </b></div>
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An option provided by a lender to a borrower to change loan terms at a future date. For example, at loan origination a lender may provide a borrower with an option to convert from a variable- to a fixed-rate loan. Usually, the lender charges the borrower a fee for this option.<br />
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<b>Loan guarantee: </b></div>
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An agreement by an individual, a unit of government, insurance firm, or other party to repay all of part of a loan made by a lender in the event that the borrower is unable to repay. An example is the loan guarantee program available to agricultural lenders from the Farm Service Agency in which up to 90% of an qualified loan may be covered by the guarantee.</div>
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<b style="text-align: justify;">Loan participation: </b><br />
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A loan in which two or more lenders share in providing loan funds to a borrower. An example is a loan participation between a local bank and a correspondent bank in which the loan request exceeds the local bank as legal lending limit. Generally, one of the participating lenders originates, services, and documents the loan.<br />
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<b>Loan-to-asset value: </b><br />
The ratio of loan balance to the value of assets pledged as collateral to secure a loan. London Inter-bank Offered Rate.<br />
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<b>LIBOR: </b><br />
A worldwide base borrowing and lending rate between lenders. Often used as an index or a base for defining a borrowing rate for customers.<br />
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<b>Long-term loan: </b><br />
A loan to be repaid (or amortized) over a period of time exceeding 10 years, with 20- to 30-year loans being common when financing real estate.<br />
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<b>Marginal cost of funds: </b><br />
A loan pricing policy by a financial institution in which interest rates on new loans are based on the cost of new funds acquired in financial markets to fund the loans. This pricing policy contrasts with loan pricing based on the average cost of funds already acquired by the lending institution.<br />
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<b>Master note:</b><br />
A note (promise to repay) often used in combination with line-of-credit financing to cover present and future borrowing needs through periodic disbursements and repayments of loan funds.<br />
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<b>Maturity: </b><br />
Amount of time until the loan is fully due and payable. For example, a 5-year intermediate-term loan has a maturity of 5 years.<br />
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<b>Mediation:</b><br />
Resolution of problem loans, disagreements, or conflicts between borrowers and lenders by means of a third party serving as a mediator.<br />
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<b><a href="http://www.banktheories.com/2015/04/different-types-classification-of.html">Mortgage</a>:</b><br />
A legal instrument that conveys a security interest in real estate property to the mortgagee (i.e., a lender) as an assurance that a loan secured by the real estate mortgage will be repaid.<br />
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<b>Net income: </b><br />
A measurement of the net return to unpaid labor, management and equity capital. Also called accrual net income. The primary difference between cash and accrual net income is that accrual income includes adjustments for changes in inventory and changes in accrual items like prepaid expenses, accounts payable and accounts receivable. Accrual net income more accurately reflects the profitability of a business over an accounting period.<br />
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<b>Net worth: </b><br />
The financial claim by owners on the total assets of a business, calculated as total assets minus total liabilities equals net worth. Also called equity capital and ownership equity.</div>
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<b>Non-revolving line-of-credit:</b><br />
A line-of-credit in which the maximum amount of a loan is the total of loan disbursements. Repayments do not make loan funds available again as in a revolving line-of-credit.<br />
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<b>Note: </b><br />
A written document in which a borrower promises to repay a loan to a lender at a stipulated interest rate within a specified time period or upon demand. Also called a promissory note.<br />
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<b>Off-farm income: </b><br />
Income earned by a farmer operator or member of the operator as family from employment off the farm or from investments made in non-farm activities or ventures.<br />
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<b>Operating loan:</b><br />
A short-term loan (i.e., less than one year) to finance crop production, livestock production, inventories, accounts receivable and other operating or short-term liquidity needs of a business.<br />
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<b>Origination fee: </b><br />
A fee charged by a lender to a borrower at the time a loan is originated to cover the costs of administering the loan, evaluating credit, checking legal records, verifying collateral and other administrative activities.<br />
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<b>Over-line loan: </b><br />
A loan in excess of a financial institution as legal lending limit to any one borrower in which the institution has enlisted the services of another lender to participate in the loan.</div>
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<b>Partial release: </b><br />
Release of a portion of collateral to the borrower.<br />
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<b>Personal property:</b><br />
Any tangible or intangible property that is not designated by law as real property. Personal property is not fixed or immovable.<br />
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<b>Points: </b><br />
A form of loan fee generally charged by long-term lenders at loan origination to cover a portion of the lender as administrative and funding costs. Points typically are expressed as a percentage of the total loan. For example- 3 points equals 3% of the loan amount.<br />
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<b>Prepayment penalty: </b><br />
An amount charged by a lender on a loan paid prior to its maturity.<br />
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<b>Prime rate: </b><br />
A nationally quoted rate believed to represent the interest rate charged by U.S. money-center banks to their most creditworthy corporate borrowers. Prime rate may also refer to an individual lender as interest rate charged to its most creditworthy borrowers, although the term base rate is more commonly used.</div>
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<b>Principal: </b><br />
The dollar amount of a loan outstanding at a point in time, or the portion of a payment that represents a reduction in loan balance. Principal is distinguished from interest due on a loan or the interest portion of a loan payment.<br />
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<b>Profitability: </b><br />
The relative profit performance of a business, enterprise or other operating unit. Profitability comparisons often occur over time, across peer groups, relative to projections, and relative to norms or standards.<br />
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<b>Pro forma statement:</b><br />
A projection into the future. Examples are a pro forma balance sheet and a pro forma income statement.<br />
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<b>Rate adjustment: </b><br />
A change in interest rate on an existing loan. Rate adjustments may occur on variable- or adjustable-rate loans.<br />
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<b>Rate of return on assets (ROA): </b><br />
A profitability measure representing the rate of return on business assets during an accounting period. ROA is calculated by dividing the dollar return to assets during the accounting period by the value of assets at the beginning of the period or the average value of assets over the period.<br />
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<b>Rate of return on equity (ROE):</b><br />
A profitability measure representing the rate of return on the equity capital which owners have invested in a business. ROE is calculated by dividing the dollar return to equity capital during an accounting period by the value of equity capital at the beginning of the period or the average value of equity capital over the period.<br />
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<b>Real property: </b><br />
Land, buildings, minerals and other kinds of property that are legally classified as real.<br />
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<b>Refinancing:</b><br />
A change in an existing loan designed to extend and/or restructure the repayment obligation or to achieve more favorable loan terms by transferring the financing arrangement to another lender or loan type.<br />
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<b><a href="https://en.wikipedia.org/wiki/Working_capital">Working capital</a>:</b><br />
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The differences between current assets and current liabilities. Often used as a measurement of liquidity of a business.<br />
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<b>Renewal: </b></div>
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A form of extending an unpaid loan in which the borrower as remaining unpaid loan balance is carried over (renewed) into a new loan at the beginning of the next financing period.<br />
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<b>Repayment ability: </b><br />
The anticipated ability of a borrower to generate sufficient cash to repay a loan plus interest according to the terms established in the loan contract.<br />
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<b>Revolving line-of-credit:</b><br />
A line-of-credit made available to a borrower in which the borrower can usually borrow, repay and re-borrow funds at any time and in any amounts up to the credit limit, but not above, during a specified period of time.<br />
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<b>Right of rescission: </b><br />
A provision of the Truth in Lending Act which gives a borrower the right to rescind a borrowing transaction (i.e., change his or her mind) within three business days on any transaction in which the principal residence is used to secure the loan.<br />
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<b>Risk assessment: </b><br />
The procedures a lender follows in evaluating a borrower as creditworthiness, repayment ability, and collateral position relative to the borrower as intended use of the loan proceeds. Risk assessment is similar to credit scoring and risk rating.<br />
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<b><a href="https://en.wikipedia.org/wiki/Risk_premium">Risk premium:</a></b><br />
The adjustment of a lenders base interest rate in response to the anticipated level of a borrowers credit risk in a loan transaction. Higher risk loans may carry higher interest rates, with the rate differential representing the risk premium.<br />
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<b>Risk rating: </b><br />
The relative amount of credit risk associated with a loan transaction. The lender may use credit scoring or risk assessment procedures to evaluate loan requests and group borrowers into various risk classes for purposes of loan acceptance or rejection, loan pricing, loan control, degree of monitoring and level of loan documentation.<br />
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<b>Risk tolerance: </b><br />
The degree of safety an investor wished to have. Also called risk aversion or risk attitude.<br />
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<b>Schedule F: </b><br />
The Internal Revenue Service form used to report farm income and expenses as a part of filing federal income tax returns.<br />
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<b>Second mortgage: </b><br />
The use of two lenders in a real estate mortgage in which one lender holds a first mortgage on the real estate and another lender holds a second mortgage. The first mortgage holder has first claim on the borrowers mortgaged property and assets in the event of loan default and foreclosure or bankruptcy.<br />
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<b><a href="https://en.wikipedia.org/wiki/Secondary_market">Secondary market</a>: </b><br />
An organized market in which existing financial assets are bought and sold. Examples are the New York Stock Exchange, bond markets, over-the-counter markets, residential mortgage loans, governmental guaranteed loans, and the more recently formed secondary market for buying and selling farm mortgage loans.<br />
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<b>Secured loans: </b><br />
Loans in which specific assets have been pledged by the borrower as collateral to secure the loan. Security agreements and mortgages serve as evidence of security in secured loans.<br />
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<b>Security agreement: </b><br />
A legal instrument signed by a debtor granting a security interest to a lender in specified personal property pledged as collateral to secure a loan.Seller financing: A loan provided by the seller of property to its buyer.</div>
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<b>Share lease: </b><br />
A leasing arrangement for real estate in which the landlord receives a share of the production as rent, and pays a share of the business as variable expenses. The landlord often shares in the management decisions with the tenant.<br />
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<b>Shared appreciation mortgage: </b><br />
A financing arrangement for real estate in which the lender reduces the interest rate on the loan in return for a stipulated share of the appreciated value of the land being financed at a designated time in the future. The risk of land value appreciation is shared between lender and borrower, and the lenders compensation from value appreciation generally occurs through refinancing in which the loan balance is increased by the amount of the shared appreciation.<br />
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<b>Simple interest: </b><br />
A method of calculating interest obligations in which no compounding of interest occurs. Interest charges are the product of the loan principal times the annual rate of interest, times the number of years or proportion of a year the principal has been outstanding.<br />
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<b>Solvency: </b><br />
A business condition of financial viability in which net worth is positive and the business is expected to meet its financial obligations as they come due. An insolvent business has a zero net worth and questionable viability. Solvency indicators include the debt-to-asset ratio, debt-to-equity ratio and the equity-to-asset ratio.<br />
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<b>Split line-of-credit:</b><br />
A financing situation in which a borrower obtains operating credit from two or more lenders.<br />
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<b>Stock requirement: </b><br />
A method of capitalizing lending institutions such as the cooperative Farm Credit System. The borrower is required to purchase stock in the lending association to obtain a loan. The stock requirement generally is specified as a percentage of the loan or as a dollar amount. The stock requirement may be a low as 2% of the value of the loan or a maximum of $1,000. The purchase of stock is a financial investment in the issuing institution which is typically paid back at loan maturity, but the lender is not obligated to do so.<br />
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<b>Surety: </b><br />
Person or entity that has been requested by another (principal) and agrees to be responsible for the performance of some act if the principal fails to perform as promised.<br />
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<b>Tiered loans: </b><br />
Loans grouped according to the risk characteristics of borrowers. Higher risk classes generally are charged higher interest rates to compensate the lender for carrying the credit risk.<br />
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<b>Title insurance: </b><br />
Insurance which protects a purchaser or mortgage lender against losses arising from a defect in title to real estate, other than defects that have been specifically excluded. A clear title is free of any claims, mortgages, liens and other encumbrances and has no ownership interest other than that of the owner of record.<br />
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<b>Title opinion: </b><br />
A legal opinion rendered regarding the abstract of title.</div>
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<b>Title search: </b><br />
The process of tracing all events and transactions affecting the title to a tract of real estate. Title search is essential to the preparation of an abstract.<br />
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<b>Trend analysis:</b><br />
The use of financial measures or ratios over several time periods to evaluate business performance.<br />
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<b>Truth in Lending:</b><br />
The federal Truth in Lending Act is intended to assure a meaningful disclosure of credit terms to borrowers, especially on consumer loans. Lenders are required to inform borrowers precisely and explicitly of the total amount of the finance charge which they must pay and the annual percentage interest rate to the nearest .01%. Excluded transactions include loans for commercial or business purposes, including agricultural loans; loans to partnerships, corporation, cooperatives and organization; and loans greater than $25,000 except for owner-occupied, residential real estate mortgages where compliance is required regardless of the amount.<br />
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<b>Unsecured loans: </b><br />
Loans for which there are no guarantors or co-signors and no specific assets have been pledged by the borrower as collateral to secure the loan.<br />
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<b>Usury laws: </b><br />
Laws which establish legal ceilings on the interest rates charged for various types of loans. In states where usury laws exist, most usury limits are well above market interest rates and often are indexed to change with changes in market interest rates or other leading rate indicators.<br />
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<b>Variable-rate loan:</b><br />
A loan transaction in which the interest rate may be changed within the period of the loan contract. Generally, rate changes occur in response to changes in the lenders cost of funds of a specified index. The frequency and level of rate adjustments may or may not be established in the loan contract.<br />
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<b>Warehouse receipt: </b><br />
A receipt issued by a warehouse-man providing evidence of title to stored goods (especially commodities) and thus validating the existence of collateral which may be pledged to secure a loan. Negotiable warehouse receipts are documents of title. A warehouse may be used to transfer ownership of the goods or commodities it represents.<br />
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com7tag:blogger.com,1999:blog-3781064339632712289.post-8282267365014409592017-01-23T08:49:00.001-08:002017-01-24T07:10:33.646-08:00Important of micro credit <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: blue;">Importance of Micro-Credit in Agricultural Lending and Development</span></h3>
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The farmers in Pakistan have always been in need of micro-credit in order to perform their social needs, in addition to purchase the farming inputs or making improvements on lands. But on other hand, they have always been refused to give enough micro-finance and credit. In this regard, neither the non-institutional sources (friends, relatives etc), nor the institutional sources (ADBP, Cooperative Banks, Commercial Banks, Provincial Revenue Department) have fulfilled the need of needs of the farmers. Most of the backwardness of agriculture sector is attributed to non-availability of funds. Therefore, to remove the paucity of funds with rural farmers, efforts will have to be made to mobilize more credit and finance towards farming sector. <i><span style="color: purple;">The question arises, who will provide funds to this sector when it is surrounded by;</span></i></div>
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1. Uncertainty of output and prices.</div>
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2. Poverty of the small farmers who are more than 50% in Pakistan and they lack the securities in order to get loans.<br />
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3. The friends and relatives provide the meager amounts as credits.</div>
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4. The recovery of loan from agriculture sector is a difficult job.</div>
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5. Majority of farmers are illiterate, rigid and orthodox and they do not know any thing about banking practice. As micro-credit is life blood of agriculture production.<br />
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Therefore, the financial needs of farmers can not be under-estimated and they will have to be provided more funds, despite all of the problems attached with agriculture credit. Therefore, to provide more credit and finance to farmers in future we will have to depend upon the experiences of West as well the experience of Bangladesh in the form of <a href="http://www.grameen.com/">Greeman Bank.</a> Thus the <i><span style="color: purple;">future of credit and farming in agriculture</span></i> will be bright if farmers are given the loans;</div>
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1. In terms of agriculture inputs along with consultancy services - </div>
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The case of supervised credit, This can better be done through NGOs working at village level, They will follow less tedious loaning procedure and they will have complete supervision over the funds used and output produced.</div>
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2. The loans given by <a href="https://en.wikipedia.org/wiki/Non-governmental_organization">NGOs</a> and micro-financing institutions like Greeman bank will advance smaller amounts. The recovery of such advancing is also easy when the bankers are having a gross root link with the villagers.</div>
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3. The <a href="https://www.blogger.com/blogger.g?blogID=3781064339632712289#editor/target=post;postID=6780992880920076407;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=0;src=postname">Commercial Banks</a> and Agricultural Development Bank should come forward to rescue the dying farmers of Pakistan. They must relax the loaning conditions; loans be advanced on personal security, instead of physical security; the greater contact be maintained between the banking staff and the poor rural borrowers; and State Bank of Pakistan should provide cheaper loan to commercial banks so that they could lend the funds to farmers at cheaper rates.</div>
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Nazmulhttp://www.blogger.com/profile/14627688102639056827noreply@blogger.com6