#Merchant banking

[merchant-international-bank]

https://merchantinternationalbank.com/

Title: Global Trade Finance Solutions | Merchant International Bank

Description: Comprehensive trade finance services, letters of credit, and bank guarantees. Trusted solutions for importers and exporters worldwide. Explore TradePAY today.

[nismindia]

Empowering Growth: How Merchant Banks Catalyze Business Success

Investment banks are for giant corporations, retail banks are for the general public, and merchant banks are for medium- to large-sized businesses. Merchant banking in India plays the most essential part of the financial ecosystem and supports the most significant chunk of companies, which are the mid-sized ones. Let's get to know the functions of merchant banks in India, which help businesses with underwriting, credit facilities, fundraising, and financial advice. 

1. Portfolio Management

Merchant banks in India offer portfolio management services, aiding businesses in optimizing their investment portfolios for specific objectives and risk tolerance.

2. Fundraising

Merchant banks assist businesses in raising capital through various financial instruments, such as equity shares and debentures, fostering growth and expansion.

3. Loan Syndication

Merchant banks facilitate loan syndication, helping businesses secure large loans by coordinating with multiple lenders and ensuring efficient fund distribution.

4. Leasing Services

Merchant banks provide leasing services to help businesses acquire assets without significant upfront costs by structuring lease agreements tailored to their needs.

5. Underwriting Services 

Merchant banks offer underwriting services to businesses issuing securities, assuming the financial risk to ensure successful placement in the market and facilitate capital raising.

Top 7 Merchant Banks in India

Here's a list of leading merchant banks in India:

Kotak Mahindra Capital is India's most prominent merchant bank, offering capital raising, M&A, and project finance services.

Morgan Stanley India is a global investment bank with a strong India presence that provides underwriting, M&A advisory, and equity research.

JM Financial is a full-service merchant bank focusing on emerging markets. It offers debt and equity capital markets, M&A advisory, and restructuring.

Avendus Capital is a leading merchant bank specializing in M&A and private equity. It provides services from deal origination to post-merger integration.

Edelweiss Financial Services is India's leading financial services company, offering a range of services, including investment banking, asset management, and wealth management.

Goldman Sachs India is a global investment bank with a strong India presence that provides underwriting, M&A advisory, and equity research.

Axis Capital is a leading merchant bank focusing on debt capital markets, providing services such as debt issuance, restructuring, and advisory.

Conclusion 

This is how, by utilizing the services of a merchant bank, businesses can access capital, reduce costs, and gain access to a variety of specialized services. In short, merchant banking is essential to any business's financial strategy.

[merchantservices444]

What Are 3 Examples of Merchant Banks?

[critterbitter]

Au where Emmet gets eebie jeebied into Hisui right before the events of Pokemon Arceus and ends up hunting down a shriveled onion with time powers with the world’s worst tour guide. ((Also at some point learns Ingo is living in the mountains this entire time.))

(Same au as the emmet and elektross get tossed into the past! I will simply never officially nail the timeline down beyond growing it like a barnacle cloister.)

Masterlist of my submas stuff

[rickybaby]

“I knew my personality would make me a fan favourite.” Daniel on the Sunday Mirror

[racefortheironthrone]

I once read the reason why merchants were so ill seen in pre-modern times was because there was a lack of understanding on how they buying a product from a place of production and selling at a place of consumption added value to the product and thus entitled the merchant to selling at a profit something he did not produce. My question is (and I undertand it is quite out of your area of expertise): do you think the Bronze Age civilizations would have shared such a view, or would they have interpreted merchants and their trade closer to how we do, given those civilizations dependance on the commerce of copper and tin?

I don't think it's a question of not understanding - I think it's a question of disagreeing that buying low and selling high as opposed to actually contributing physical labor creates a moral right of ownership.

I would highly recommend Jacob Soll's book on this point, because one of the things he points out is that this attitude or belief was incredibly common across pre-modern societies from Western Europe all the way to Japan and China, in part because these societies were overwhelmingly agricultural economies where the farmer was respected because they were vital to survival, such that even the aristocratic elite tended to espouse a kind of pastoral "gentleman farmer" ideal and despise the values of merchants.

In these contexts, Soll notes, the idea that merchants and other middlemen had economic (and thus moral and cultural) value was something that had to be actively asserted and argued for, and he uncovers a literature on the subject that goes as far back as Cicero and all the way through the Middle Ages and beyond. At the same time, it was an incredibly divisive and contested topic that the merchants didn't win a lot of the time - hence the Church getting behind Aquinas' concept of the "just price," hence why Renaissance bankers had to reverse-engineer lending at interest to get around prohibitions on usury, etc.

[spindle-girl]

Triumph's interlude is weird.

If you go around asking, a lot of people will say that what Taylor did to Triumph was one of the worst things she did, and she'd probably agree just with how much it hit her afterwards. She felt so guilty she went back to her dad that night.

And while Skitter's portion made me feel like she had just crossed a line, getting to Triumph's POV made me kind of shrug and go okay. You'd think we'd finally see the aftereffects of the Undersider's fighting habits, Skitter's in particular. While Triumph was the one to have an allergic reaction, both he and Prism got bugs sent up their urinary tracks and stuff like that. Prism doesn't even have a healing factor like Triumph and his is minor.

But all Prism does is complain how Skitter accidentally hit her trauma button with her leg injury at the end and downplays it by saying how Skitter made sure it wouldn't be long lasting anyway. Triumph is barely affected by his near death and agrees with Miss Militia to not get revenge for his family being threatened.

Even that attempt at sticking to the rules of the PRT and not going vigilante is undercut immediately when Piggot brings in Defiant. Triumph shows an initial outrage, but immediately backs down to keep Dragon's mechs in the city. Heck, there was more of a reaction to Defiant being a cyborg than there was to the injuries Triumph got from Taylor.

And the thing is, not being angry at Skitter could have worked. Triumph spends the last few paragraphs sympathizing with and understanding Armsmaster. He gets why Assault and Clockblocker want to go on the attack. He tries to figure out why Vista was good to go along with it. The chapter could have very easily began with him or Prism angry or fearful of Skitter before we get to the rest of the chapter. Assault blaming the Undersiders for Battery's death, the PRT approving Defiant and everyone else going along with it, Triumph's own thoughts on how he swore he'd be a better person than the rich kid who went to dad for superpowers in a can and failing. The chapter even ends in the place where Piggot and Legend tried to kill the Undersiders with the bombing run!

Have him wonder if Skitter and the others are breaking rules because the heroes broke the rules without consequence. Armsmaster is still a hero. Piggot is still Director. Legend is still Protectorate leader. Make him wonder what the villains view is. Make him wonder what the civilians view of them is, especially given how there was just a chapter of Skitter managing things in her territory.

Or, you know. Just have Triumph be angry and fearful of Skitter. Make it so that her attacks made an active bias against her. That's fine! It's understandable. But instead he agrees with Miss Militia and nothing in his internal narration indicates any particularly strong emotions towards her or Trickster for threatening his family. It's just odd.

But nah. Instead of the heroes trying to understand the villains-something Triumph stops Clockblocker from doing with Skitter in 22.1 despite this being after his cousin is freed by her- or dealing with the aftermath of Taylor and the villains going overboard their attacks, we end it with Triumph relating towards Armsmaster and his struggles. Poor Armsy. You'd almost forget he tried to kill a 15 year old twice over.

[thejugheadparadox]

need to direct merchant of venice so bad. need to make shylock serve cunt forever like he's meant to to fix the state of anglo-jewry. i single-handedly can solve the british right wing exploitation of the image of the jew by providing a wildly violent dilf shylock. a shylock who would send anthrax to antonios friends and family. im not joking when i say we've GOT to make jews sexy again. in this country

[oxford-international-bank]

 A Comprehensive Overview on Types of Letters of Credit 

Introduction: A Letter of Credit (LC) is an essential financial instrument used to secure payment and ensure that transactions are carried out smoothly. Understanding the different types of Letters of Credit and their specific applications can help businesses choose the most suitable type for their transactions. This in-depth article explores the various types of Letters of Credit, their characteristics, uses, and benefits.

What is a Letter of Credit?

A letter of credit is a document that a bank or other financial organisation issues that assures a seller (beneficiary) that they will be paid when certain requirements are met. It functions as a guarantee that payment will be made, subject to the seller adhering to the conditions outlined in the LC, from the buyer's bank to the seller's bank.

Types of Letters of Credit

1. Revocable Letter of Credit

Characteristics:

The issuing bank reserves the right to amend or cancel this without prior notice to the beneficiary.

Less secure compared to irrevocable LCs.

Uses:

Suitable for transactions where the buyer and seller have an established and trusted relationship.

Often used in domestic transactions rather than international trade.

Benefits:

This allows the issuing bank to make changes to the terms as necessary.

Drawbacks:

Offers less security for the beneficiary as the terms can be changed unilaterally by the issuing bank.

2. Irrevocable Letter of Credit

Characteristics:

Cannot be amended or canceled without the consent of all parties involved (issuer, beneficiary, and any confirming bank).

Provides higher security compared to revocable LCs.

Uses:

Commonly used in international trade where the parties do not know each other well.

Provides a guarantee that the terms agreed upon are fixed and binding.

Benefits:

Ensures that the terms and conditions are set and cannot be changed without mutual agreement.

Drawbacks:

Less flexibility compared to revocable LCs.

3. Confirmed Letter of Credit

Characteristics:

Involves a confirming bank that adds its own guarantee to the LC issued by the original bank.

Enhances the security for the beneficiary.

Uses:

Suitable for transactions where the beneficiary is concerned about the creditworthiness of the issuing bank.

Often used in high-risk or unfamiliar trading environments.

Benefits:

Gives the beneficiary more certainty that the payment will be made.

Drawbacks:

May involve additional fees for the confirming bank’s services.

4. Standby Letter of Credit

Characteristics:

Acts as a backup payment method, ensuring payment if the buyer fails to fulfill their contractual obligations.

Serves as a guarantee rather than a primary payment method.

Uses:

Commonly used as a security measure in contracts or agreements.

Suitable for situations where a performance or payment guarantee is required.

Benefits:

Provides reassurance to the seller that payment will be made if the buyer defaults.

Drawbacks:

Typically used in conjunction with other forms of payment rather than as the primary payment method.

5. Revolving Letter of Credit

Characteristics:

Covers multiple transactions over a specified period.

Can be used for ongoing trade relationships and multiple shipments or invoices.

Uses:

Ideal for businesses with regular or repeated transactions.

Provides convenience for ongoing trade agreements.

Benefits:

Reduces the need to issue new LCs for each transaction.

Streamlines the payment process for continuous trade relationships.

Drawbacks:

May involve a more complex arrangement and higher administrative costs.

6. Sight Letter of Credit

Characteristics:

Payment is required upon presentation and verification of the necessary documents.

Offers immediate payment upon document presentation.

Uses:

Suitable for transactions where quick payment is essential.

Commonly used when the seller needs immediate cash flow.

Benefits:

Ensures prompt payment upon compliance with the terms.

Drawbacks:

May not provide as much time for the buyer to make payment arrangements.

7. Usance Letter of Credit

Characteristics:

Allows for payment to be made at a future date, typically after a specified period.

Provides extended credit terms to the buyer.

Uses:

Suitable for transactions where the buyer needs time to arrange payment.

Common in transactions where payment flexibility is required.

Benefits:

Provides the buyer with additional time to fulfill payment obligations.

Drawbacks:

Payment is delayed compared to sight LCs.

8. Red Clause Letter of Credit

Characteristics:

The beneficiary has the option to receive an advance payment prior to the shipment of the goods.

Facilitates financing for production or procurement of goods.

Uses:

Ideal for sellers who need upfront funds to produce or procure goods.

Common in industries where production financing is necessary.

Benefits:

Provides the seller with working capital before shipment.

Drawbacks:

Requires careful management of advance payments.

How to Choose the Right Type of Letter of Credit

Choosing the appropriate type of LC depends on several factors, including:

Nature of the Transaction: Consider the type of trade, whether it is one-time or ongoing, and the relationship between the buyer and seller.

Risk Level: Assess the level of risk involved in the transaction and choose a type of LC that provides adequate security.

Payment Terms: Determine whether immediate payment or extended credit terms are required.

Documentation Requirements: Ensure that the chosen LC type aligns with the documentation needs of the transaction.

Conclusion

Letters of Credit are vital instruments in international trade, offering various types to suit different needs and risk levels. Understanding the characteristics, uses, and benefits of each type of LC enables businesses to choose the most suitable option for their transactions. By leveraging Letters of Credit effectively, companies can secure payments, build trust with trading partners, and facilitate smooth and secure global trade operations.

http://oxfordinternationalbank.com

[sforzesco]

Hey, I'm sorry if you've gotten this question before, and I don't know how you feel about historical fiction so maybe it's not your thing at all, but I just saw your post about Renaissance courrier services/Sforza dispatches, and it made me think: have you read the House of Niccolò series by Dorothy Dunnett? (obviously it's not the kind of primary source/academic sort of thing you seem to enjoy most, but as I personally enjoy both, I wondered if you did too) Have a nice day :))

I love historical fiction! admittedly I don’t read a lot of it, but that’s mostly because I tend to prefer the genre as shows and movies, but I do keep a list of books that people have recc’ed that I will Definitely Read Someday!

all that said, I have not read this, but I will add it to my list 👀

[xtruss]

Love For All: Forever Palestine 🇵🇸!

A Symbol of Palestine, Made By Izzat Hirbawi (Mosab Shawer/Al Jazeera)

— By Mosab Shawer | Published: 6 January 2024 | Al-Jazeera English

Forever Palestine, Hebron, Occupied West Bank — Izzat Yasser Hirbawi, a balding 55-year-old man, stands smiling at the entrance to the Hirbawi Factory in Hebron, the only place in Palestine, its website proudly proclaims, that produces Palestinian Keffiyehs.

Three Hirbawi Brothers, Izzat, Abdullah and Jouda, who now own and operate the factory, started working there as children, accompanying their father, Hajj Yasser, who had founded it in 1961.

A Merchant turned Entrepreneur, Hajj Yasser began his career importing Keffiyehs from Syria before deciding to start his own Factory with Two Looms imported from Japan.

Hajj Yasser was deeply passionate about the Keffiyeh, something he transferred to his boys at an early age, instilling a deep respect for its symbolic value among Palestinians everywhere, as well as the importance of it being made in Palestine by Palestinian hands.

“We’re Happy … We Love Our Work, No Matter How Long or Hard We Work,” Hirbawi Tells Al Jazeera.

'Visitors can’t stand this noise, but I’ve gotten used to it, just like I’ve gotten used to every detail of every machine in here,' says Abdulaziz al-Karaki (Mosab Shawer/Al Jazeera)

The Hirbawi boys were not the only kids working the looms; Abdulaziz al-Karaki was there, too, from age 15, accompanying Hajj Yasser.

He is now a regular fixture on the factory floor at 70 years of age. He still gets the looms going every morning and makes sure that everything is prepared for the day.

“The Keffiyeh Isn’t Just Something To Earn Money From. It Preserves Palestinian Heritage.”

As the 20 looms the factory now boasts start up, a huge racket rises in the cavernous space and al-Karaki smiles at the familiar din. Moving away from the rattling machines, he says: “Visitors can’t stand this noise, but I’ve gotten used to it, just like I’ve gotten used to every detail of every machine in here.”

He does not want to retire, ever, he tells Al Jazeera as he leans over a roll of fabric coming off a loom, cutting extra threads off to make sure the pattern comes through cleanly.

“I just want to keep working at this job, I love it so much, making quality Keffiyehs that will mean as much for the people buying them as they do to me,” he says emotionally.

Izzat Hirbawi inspects one of the shuttles used in manufacturing keffiyehs (Mosab Shawer/Al Jazeera)

Worn as a scarf or head covering, the Keffiyeh adorns people from all walks of life, from the young to the old, from people with a more traditional fashion sense to the hip and trendy.

But the Keffiyeh is more than a garment. It carries a deep symbolism, so entrenched with Palestinian identity that some people refer to it as an alternate flag.

This Keffiyeh, Hirbawi says, is distinguished by its quality, as the family insists on using high-quality yarns that are dyed well and weaving them together at a higher thread count.

In fact, despite local and international markets being flooded by cheaper keffiyehs made in other places with lower-quality material and a flimsier weave, Hirbawi insists that their quality will prove itself in the end.

“We will compete with importers, our competition is quality. The quality of our Palestinian industry and the power of that label: Made in Palestine."

The patterns of the Keffiyeh speak to the nature of Palestine as much as its history (Mosab Shawer/Al Jazeera)

Many Palestinian men wear their Keffiyehs day in and day out, with most of the older generation unable to imagine being seen out without one on their heads.

Younger men consider it a revolutionary symbol and wear it when confronting Isra-helli Terrorist Fascist Forces, attending demonstrations or simply participating in traditional Palestinian events.

Hirbawi’s traditional Keffiyeh design captures the essence of Palestinian life. Olive leaves represent perseverance, strength and resilience, as well as culture and peace. A fishnet pattern represents fishing and closeness to the sea, the broad lines embody commercial routes, and the thin lines are Palestine’s long history.

A typical Palestinian Keffiyeh comes in white and black, but now many different colourways are available. “We Now Produce More Than 300 Models of Keffiyeh Colours … [to] Suit Young People,” Hirbawi says.

A popular Hirbawi variation is white, red and black - a nod to Jordan, the country that hosts the largest number of Palestinian refugees and that shares, Hirbawi says, a deep “interconnectedness” with Palestine.

After the outbreak of Israel’s current war on Gaza, global demand for Keffiyehs increased dramatically as people marched and demonstrated in solidarity with Palestinians. But the Hirbawis cannot increase exports as Israel has cut off the cities of the occupied West Bank from each other and there are no Palestinian airports or ports.

Two men walk through Hebron's Old City (Mosab Shawer/Al Jazeera)

Fathi al-Jebrini, 87, has worn the Keffiyeh every day since he was young and reckons that he has not been without his keffiyeh for a single day since he turned 50.

The Old City of Hebron shopkeeper leads the way gently down an arcade of shop doors, pausing to open his little stall with an old-fashioned key.

He sells food items from here, nestled among similar holes in the wall whose owners have all formed a community over the years.

Everyone knows him and he greets a dizzying number of people by name and with a smile. Many of the men are, of course, wearing their Keffiyehs.

He tells Al Jazeera that this tradition is inherited through the generations, with men learning how to wear their keffiyehs from their fathers and grandfathers.

“Wearing it has become an important thing for us to express our identity, especially since the Old City is considered a destination for tourists and is also invaded by settlers who think it’s their country” he says.

In addition, he argues, it is a generally attractive addition to any person and any outfit as well as something that helps keep the elderly warm in the winter as they use it to cover their heads.

Al-Tamimi's shop is full of Palestinian Souvenirs and Knick-knacks (Mosab Shawer/Al Jazeera)

A little further on in the Old City’s market arcade, Badr al-Daour al-Tamimi, 58, is hanging displays of Keffiyehs outside his shop and arranging the other Palestinian souvenirs that he sells to tourists and sometimes exports overseas.

Items made with Fragrant Olive Wood share display space with maps of Palestine and items embroidered in the vibrant traditional colours of Palestinian Tatreez.

The shopkeeper agrees that the Keffiyeh has become a global symbol for people who stand with the Palestinians and a source of Palestinian pride in Palestine and around the world.

This is to the point that, he says, Isra-helli Terrorist Fascist Soldiers often cannot bear to see Palestinian youth wearing it. He, himself, has seen Isra-helli Terrorist Fascist Forces attacking young men in the Old City and forcing them to take their Keffiyehs off.

The Keffiyeh will persevere as a symbol though, the four men agree. As will Palestinian culture and pride in their identity.

For Hirbawi, the mission is as personal as it is national. “This is our heritage, we’re trying to pass it on to the next generations of our family. It is very important to continue and for our family to be in this factory.

“The Keffiyeh Isn’t Just Something To Earn Money From. It Preserves Palestinian Heritage.”

Fathi al-Jebrini, 87, opens his shop (Mosab Shawer/Al Jazeera)

[black-grey-white-purple]

Nothing will compare to the unadulterated innocent sheer joy the Pogues felt when they found the Royal Merchant Gold.

[inspirationfandream]

Drew Starkey x Emily Rudd CROSSOVER/MANIP <3

[akumanoken]

@liroyalty

KEEP GOING

OKAY BUT IMAGINE!!!!

It's the late Edo period and The Black ships arrive, basically forcing the Shogunate to open up the borders to the country to not just one, but THREE different countries, and not just like... the Dutch down south....

The Ishikawas see this and go "Oh shit these guys are so interested in our culture and our goods," and sidle up to them like "Hello we're here to do business with you" as opposed to other factions who weren't about this shit at all. The Ishikawas were already a wealthy merchant family, and as the so-called "barbarians" had no ill will toward merchants, as many of them, and their cultures, merely see it as another profession, they get along great, hosting them, exchanging the language and culture, arranging alliances with soldiers and politicians just by being open and willing to show them all a good time, which they have the money to do.

It's all about investments, after all.

Fabric sales and the sales of artisan goods have been their oldest trade, and the silks and the beautiful brocade of kimono caught the foreigner's attention, so that was what started their trades with certain members of delegations from Britain and America.

As the Bakamatsu period grew heated, and as a certain Sakamoto Ryoma was arranging the exchange of power from the Shogunate back to the Emperor, the Ishikawas solidified plans to send a few sons to the other countries if there were problems for them to continue business, and they did move toward those plans, though they were not permanent situations.

The Meiji Restoration saw the dissolution of the samurai class, which was a dizzying turn of events. Many prominent families were suddenly without power, and those who "at least had their honor" had not even that, mourning the loss of their top knot and their sword, and were called shizoku, removing even the term samurai from their lives.

Meanwhile, the Ishikawas were enjoying the benefits of their investments. Political ties and trade with foreign nations allowed the family to grow new branches, and the Ishikawa Zaibatsu was formed. It enjoyed prominence until the dissolution of zaibatsu during the Second World War, but the Ishikawa's business now operates as a keiretsu, with the three boys holding the biggest branches. Asami is preparing his son to take over, but he currently runs the holding bank. Ayato holds the fabric manufacturing and trading branch, which is the oldest business in the family, and Akira runs their mobile and electronic branch, newest by far but growing exponentially by the decade.

[if-you-fan-a-fire]

"SENTENCED TO THREE YEARS." Edmonton Bulletin. March 7, 1913. Page 7. --- Three years at the Alberta penitentlary was the sentence meted to Gustav Blanc at the district court terday, the charge against him being the forgery of cheques on the Merchants Bank. The course of justice had been swift. It was only last Saturday that Blanc was arrested at the Hotel Alexandra in Calgary, and he arrived in Edmonton with Detective Captain Simpson on Monday night.

Of Blanc's history practically nothing is known except that for the past year he has been passing to and fro between Edmonton and construction camps in the north, with which he carried on the business of bootlegging, and earning the reputation of a good fellow, was enabled to secure information as to the method by which camp employes were paid by cheque, and also as to the banks where the cheques were cashed. While in Edmonton he passed as a real estate agent and the few friends he had were among real estate salesmen in a small way. He was always somewhat of a mystery, it is stated, not one of his personal friends, while in Edmonton, appearing to know where he roomed.