All Entries in the "Banking" Category
Custom House, A Western Union Company
Custom House “A global leader in Foreign Exchange”.
Custom House provides reliable, efficient international payment solutions for today’s business. We offer advanced, customized foreign exchange solutions, addressing the unique needs of small to mid-sized enterprises (SMEs) and global businesses… Read more>>
More choppy rides for the kiwi
The kiwi looks less likely now to rise past US80c compared to a few months ago. What’s certain is more volatility for the local currency.
It’s still a tough call between the kiwi having seen its peak or… Read more>>
Managing trading risks for the antipodean
Understanding how to price the risk of selling on credit terms can help Kiwi exporters reach global markets in a cost-effective manner.
Exporters can free up cashflow or reduce unnecessary trading risks by seeking the help of specialist… Read more>>
NZ dollar overvalued says IMF
The International Monetary Fund (IMF) estimates the New Zealand dollar is overvalued by 10% to 25% buts maintains the Kiwi’s free floating exchange rate is appropriate for the country.
Wired, yet worried
Internet merchants can fall into the trap of paying higher charges for defaults from the card issuers when they offer credit card payment for internet sales.
BY: Sangeeta Anand
The internet has made it easier for buyers and sellers… Read more>>
Building a natural hedge against the swinging kiwi
Building a natural hedge into your business can help limit the pain inflicted by wild kiwi dollar swings, veteran exporters say.
BY: Yoke Har Lee
You can’t fight the kiwi’s rising trend but you can certainly evolve your business… Read more>>
Managing the credit and risk monsters in 2010
Bankers have these words of wisdom for exporters going into 2010: Understand your risks and be in a position to mitigate them.
BY: Virginia McMillan
Whether the 2008/09 recession has been successfully damped down or is set to reignite… Read more>>
Tracking the whimsical kiwi
The New Zealand dollar is getting fundamental support from an improved economic outlook but remains prone to shocks from any bad news.
BY: YOKE HAR LEE
The whacky New Zealand dollar is unlikely to make a straight breakaway from 67c… Read more>>
Keep afloat, keep the house
Business owners should keep their financing options open rather than rushing into remortgaging their homes.
BY VAL LEVESON
In these recessionary times, some businesses are finding they need extra funding to keep afloat, driving some to remortgage their homes. This… Read more>>
Collecting my (over)dues
BY: MARY MACKINVEN
Don’t let a day go by once payments are due, before you start chasing a defaulting customer, advises Dun and Bradstreet general manager for New Zealand, John Scott.
“The trail goes colder as time goes on. Some… Read more>>
A game of averages
Five successful exporters from the Bay of Plenty share their war stories on how they have been dealing with the finicky NZ dollar
BY: BOB EDLIN
It’s a difficult time for traders, says HiFX currency specialist Mike Hollows, who urges… Read more>>
NZ currency riding on risk takers’ fancy
Don’t bet on where the NZ dollar is heading. Even the pros are undecided on what the mercurial kiwi will next do.
BY: BOB EDLIN
A greater appetite for risk tolerance – essentially – explains the NZ dollar’s recent strengthening.… Read more>>
Banks slow to budge
Banks have been slow in passing on lower rates to businesses despite the breathtakingly low official cash rates currently seen in New Zealand.
BY: VIRGINIA MCMILLAN
“Our rates haven’t come down” is the message from more than half the Exporter… Read more>>
In Search of Better Loan Rates
The global credit crunch has forced banks to toughen their lending criteria. Cost of business loans have yet to fall as much as housing loans and businesses have to work extra hard to sell the viability of their business as… Read more>>
Hedging Between Sylla and Charybdis
Shrinking demand from your key customers can quickly throw your currency strategies out of whack. In a volatile currency market, hedging can also rapidly increase your risks, experts say.
BY: BOB EDLIN
The experience of F&P Manufacturing has been mirrored… Read more>>
Government dips into exporters’ promised purse to fund other needs
The Enterprise Development Grant-Market Development programme has undergone a recent revamp but exporters still have their bugbear over the pedantic application process. There has been an “underspend” in one year, and the government has also reached into the promised fund… Read more>>
Fixing a not-so-great trading nation
New Zealand’s new trade minister Tim Groser debunks the myth about New Zealand being a small but great trading nation. He says our export as a percentage of GDP is below our peers and we desperately need to grow the… Read more>>
Poles apart – your house, your business loan
Putting up your house up as a security for money to fund your business? Don’t be surprised banks are not all that eager to offer you cheaper loan rates as they consider business risks under a completely different light.
BY… Read more>>
Throw out your customers’ old report cards, focus on their future
Making sure you don’t end up with massive bad debts is a must in this economic environment. What services are out there to help provide credit checks on your customers? What are some of the fundamental questions you need to ask before you seal your trade with a foreign party you have never dealt with?
