#sbll

[irradiantsam]

*skids in just before midnight* sorry for the delay! I got caught up in a side project

“What does that mean?” Sam asks sleepily, head pillowed on Benny’s chest.

Benny doesn’t pause from where he’s tracing random patterns on Sam’s bare back. “What’s what mean?”

“What you called me earlier.”

“Called you a lot of things earlier,” Benny chuckles. “Hot, beautiful…” His hand drifts lower, just brushing against the curve of Sam’s ass. “Tight.”

Sam shivers and wriggles closer. “Mm, yeah, but- something French. I think it was French.”

“Cher?” Benny guesses. “S’ just a term of endearment.”

“No, I know that one,” Sam says. “I hadn’t heard this one before. Shoot? Chew?”

“Oh,” Benny says, splaying his hand across Sam’s lower back. “Chou.”

“Yeah, that one,” Sam says with a sleepy hum. “I couldn’t tell what you were saying before.”

“Well my mouth was a little otherwise occupied,” Benny teases, hand drifting towards Sam’s ass again. A lazy twitch of Sam’s hip has him moving it back to safer territory.

“Not now,” Sam mutters. “What’s it mean? Chew.”

“Chou,” Benny corrects. “It means, uh, sweetie, I s'pose? Technically sweet bun. Or, well, cabbage.”

Sam snorts out a surprised laugh. “You called me a cabbage while you were eating my ass? What the hell?”

“Sweet bun,” Benny says defensively. “I called you sweet. Cabbage is a literal translation. And don’t pretend that English pet names aren’t just as weird.”

“We don’t call people cabbage,” Sam points out. “Seriously, what the hell?”

“You call people ‘stud muffin,’ Benny points out. “How is that any better than cabbage, which, by the by, I didn’t call you? I called you sweetie.”

“Aw,” Sam coos. “Don’t get upset, you’ll always be my lettuce.”

Benny laughs and shoves gently at Sam. “Shut up.”

“Hey, be nice to me, Brussel sprout,” Sam scolds with a grin. “You’re my very special kale. I love you so much, arugula-“

“You eat too much healthy food,” Benny says flatly. “I don’t think that last one exists.”

“’Course it exists, I’m in bed with it,” Sam laughs. “And you are a very sexy cabbage indeed.”

Omg this is so freaking cute! I absolutely love it. I can totally see this happening. I love how natural and in character your humor and fluff is, anon. And you incorporate Benny’s Cajun culture into the stories so well. Also, Benny’s line about calling Sam a lot of things hit my pet names and dirty talk kinks so hard, hot damn 👀👀👀 (Sorry I couldn’t post this Thursday! My schedule has been crazy this week.)

[jamesnovakwinchester]

SBLW - Day 1

Benny

Despite the fact that it was Sam’s idea to invite Benny to move into the bunker after they returned from Purgatory together, things are still chilly between the two of them, to say the least. Not that Benny didn’t make an effort to thaw the ice. 

After a year in the trenches with him, he knows how Dean can be and he knows he’s heard nothing but good things about Sam from him. So he’s willing to overlook the original animosity between himself and Sam. After all, Sam and Dean are a rare kind of hunter to let a vampire live, let alone be making room for him in their home. So he made himself right at home in the bunker’s kitchen, whipping up the rich Cajun foods his mamma used to make and baking pies in every flavor in hope of one of them striking Sam’s fancy. 

He tried not to feel disheartened when Sam only picked at the food he cooked and never went for dessert. Benny knows he’s a good cook. He hasn’t eaten real food in a cool century, but judging by the pornographic sounds Dean makes as he eats his third helping, Benny thinks it’s safe to say he hasn’t lost his touch. 

It isn’t until Dean finally takes pity on Benny and tells him how his little brother prefers “rabbit food” to the heart attack inducing meals that Dean would reminisce about when they were in Purgatory together that Benny thinks he can start making some headway with the little Winchester. He knows it’s absurd to think of Sam Winchester as little, but still recovering from the toll of the trials, he is no longer the intimidating figure Benny thought of him as after their first meeting. 

Benny asks Sam to take him to the farmer’s market the next day. He feigns ignorance about where to find one and even pretends he can’t understand how to use the GPS on his confangled new cell phone with the too small buttons that Dean insisted he get. Sam looks a little suspicious, but he’s never been outright rude to Benny so he gives in. 

Benny’s attempts at making conversation on the drive there are met with grunts and one word answers. Sam seems lost in thought so eventually Benny gives up and they lapse into heavy silence.

Sam

Sam knows he’s being a bit irrational. He’s never been the type of hunter to overlook the existence of good in monsters. Dean is the one who usually sees things in black and white. Things have just felt so… upside down since he got back from Hell. After the demon blood, after being soulless, he just wanted to do good, to be good. To be worthy of Dean’s love. To not fuck up again. But it seems that’s all Sam does. 

Things are so tangled up in Sam’s head these days, like his mind is still fatigued from the trials, that it’s hard to tell what hunter morality he’s supposed to follow now. Trying to work out whether he should trust Benny to have his back on a hunt or whether he should bar his bedroom door at night seems like a Herculean task. Benny used to kill to feed, but now he doesn’t. If killing people means Benny should die, does that mean Sam should, too? The answer to that should be easy, but it’s not anymore. There are things… The things Dean said to him. Benny has been more of a brother to me this past year than you’ve ever been. And then there are the trials and everything they meant. You’re a monster, Sam– a vampire. And there is Amy, always Amy. No matter how hard you try, you are what you are. You will kill again. And the constant fear in the back of Sam’s mind that none of this is real. You gotta believe me. You’ve gotta make it stone number one and build on it. And Amy who didn’t ask to be a monster, and Jacob who didn’t deserve to lose his mother. You can be pissed all you want, but quit being a bitch. And, and… It doesn’t matter, in the end. Keeping his distance from Benny, from everyone really, is for the best anyway. Lucifer is probably playing a trick on him and any minute now he’ll wake up and–

“Sam, Sam, SAM!!!” He comes to to Benny shaking his shoulder, horns blaring behind them as the light they are standing at has turned green. Face burning in embarrassment, Sam drives the rest of the way to the farmer’s market under Benny’s watchful gaze. 

“Are you sure you’re alright, cher?” Benny asks for the fifth time. The term of endearment makes Sam’s cheeks burn for a different reason, although he can’t say what that is. 

“Yeah, Benny, I just wasn’t paying attention.”

“You always start hyperventilating when you’re lost in thought?” Sam doesn’t have an answer for that, but considering he could’ve gotten them both killed, he decides to be nice to Benny for the rest of the day.

Instead of going off and doing his own thing, Sam dutifully follows Benny around the farmer’s market as he purchases red onions, various kinds of peppers, mushrooms, beets, spinach, clementines, and fresh goat cheese from the vendors Sam recommends.

Against his better judgment, Sam finds it cute that a big bear of a man can be so serious about picking mushrooms that are the perfect ripeness. 

Dean

The last thing Dean expects to see when he comes to the kitchen for his pre-dinner refreshment is Benny cooking something that smells delicious on the stove. Wait, no, he sees that a lot these days and he loves it. But seeing his brother in there with the vampire is a surprise. 

Sam’s at the table chopping stuff up and hmming along to a story Benny is telling from his vampirate days about his coven taking over a Caribbean rum-running boat during Prohibition. He’s not saying much, but Dean can tell the history geek inside Sam is giddy at getting to hear a firsthand account. 

Seeing Sammy hunched over a cutting board, that cute line of concentration between his brows as he carefully chops beets (beets?) reminds Dean of the serious look on Sam’s face when he used to do his physics homework as a kid. Cooking has never been Sam’s forte, but he’s making an effort. For Benny. 

Dean feels a pang of jealousy at the thought of his friend cozying up to his brother, but he beats it down with a stick before it can turn into something ugly. Sam deserves better than that from him and Sam deserves a friend. So does Benny, but Sam will always come first because, y’know, soulmates or whatever. Without letting his presence be known, Dean quietly heads back to his room to give them more time to get to know each other.

When Sam comes and gets him for dinner, Dean’s pleasantly surprised to see his little brother eat more than his usual few bites of the vegetarian quiche and spinach and beets (beets!) salad Sam and Benny made together that afternoon. And he’s even more pleased that he doesn’t have to eat that shit because Benny made him country fried steak and mashed potatoes.

Sam and Benny being in a room together for longer than fifteen minutes starts to become a regular occurrence. Sam starts trusting Benny to watch his back on hunts. When Sam and Dean are shooting the shit and having a beer, Benny starts joining them with a blood bag of his own.  When Dean and Benny are making magic happen in the kitchen, Sam shyly asks them what he can do to help. Seeing how well the three of them work as a unit eases the last of the wariness Dean had about Sam and Benny’s growing friendship. And seeing Sam come to life again after the trials makes Dean want to nurture their relationship.

A few weeks after their first trip to the farmer’s market, Sam comes up with the idea to start their own herb garden, saying it’ll be helpful for not only spells, but also cooking. Dean refuses to participate in anything that requires digging in the goddamn dirt like a dog, but he can’t deny it’d be useful. The bunker is so off the beaten path, it takes a good thirty minutes of driving to get to a grocery store, which is a pain in the ass in a pinch.

When Sam and Benny come inside after a few hours of planting their newly purchased seeds, sweaty and covered in soil, Dean can’t help but quip, “You lovebirds have fun getting down and dirty?” Sam rolls his eyes, but Dean doesn’t miss how his cheeks pink up. 

Benny, on the other hand, rises to the bait. “A gentleman never tells, brother.” And he fucking winks at Dean, like that’s a totally okay thing for him to do. 

Dean doesn’t think much of it, however, until a few days later when he comes back to the bunker after a night with a gorgeous brunette with a fantastic rack that he met on Tinder. (“Shut up, Sam, my profile picture fucking rocks.”) On his way to the shower, Dean makes a pit stop in the kitchen for a post-breakfast snack. This time, when he sees Sam and Benny in the kitchen together, locked in a deep kiss, Dean has no qualms about making his presence known.

“All right, all right, keep it in your pants when I’m around, kids. Sammy, go put on a shirt, you’re indecent!” Sam smacks him in the shoulder and starts lecturing him about privacy, Dean, ever heard of it? while Benny grins, cheeky and proud, with his arm around Sam’s waist, and Dean knows they’re gonna be okay. 

-SBLW anon

[prasanththampi]

IIBM ongoing exam answer sheets provided whatsapp 91 9924764558

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Principles & Practices of Banking Section A: Objective Type & Short Questions (30 Marks)  This section consists of Multiple Choice & Short Note type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 4 marks each. Part One: Multiple Choices: 1. Frequency of First Tranche Returns is: a. Weekly b. Monthly c. Monthly/quarterly d. Monthly/quarterly/half-yearly 2. An order for winding up a banking company can be issued by___________ a. The High Court b. The RBI c. The Central Government d. The Supreme court 3. Who shall be natural guardian in case of married minor girl? a. Father b. Brother in law c. Father-in-law d. Husband 4. X a partner in the firm XYZ Co. wants to open a Bank account in the firm‟s name. It will require signatures of: a. All partners b. Any one of the partner c. Managing partner only d. Sleeping partner not required 5. Public limited companies should have minimum shareholders, before Opening Bank account. a. 11 b. 7 c. 5 d. 15 6. If the beneficiary is government then the Expiry of guarantee is governed by the „law of limitation‟ ranging from 3 years to a. 15 years b. 30 years Examination Paper of Banking & Financial Services Management 2 IIBM Institute of Business Management c. 20 years d. 10 years 7. Charge created on LIC Policy is a. Lien b. Hypothecation c. Pledge d. Assignment 8. The device that combines the parallel input data into single serial output data is known as a. Switcher b. Multiplexer c. Encoder d. Front end processor 9. In market skimming pricing strategy: a. Initially price is lower and then it is increased b. Initial price is high and is maintained high c. Initial price is low and is maintained low d. Initially price is higher and then it is reduced 10. The marketing personnel need information _________intervals. a. At yearly b. At quarterly c. At monthly d. On a continuous basis and regular Part Two: 1. Discuss the role of RBI in Indian Banking sector. 2. Write short notes on: a. Repo Rate b. Reverse Repo Rate. 3. Write short notes on: a. Bank Lien b. Right of set off 4. What is cash credit means? Section B: Caselets (40 marks)  This section consists of Caselets.  Answer all the questions.  Each caselet carries 20 marks.  Detailed information should form the part of your answer (Word limit 200 to 250 words). END OF SECTION A Examination Paper of Banking & Financial Services Management 3 IIBM Institute of Business Management Caselet 1 There is a lacuna in the present T-Bill auction system of RBI. The dealers (investors) are subject to what is called the „Winners Curse‟. The value of a T-Bill to a dealer is the price it can fetch in the secondary market. This is an unobserved random value, which is likely to be common to all dealers. It is quite unlike the works of art which the Sotheby‟s would place at an auction. The price of Mona Lisa, say, to an avid collector of Da Vinci‟s paintings, would be more than what a Picasso collector would value it. In sharp contrast, market participants are likely to agree on the price of a T-Bill in the secondary market. Now winning an auction in a discriminatory price method may not be profitable. For, it would mean that the winner has overestimated the T-Bill value. Questions: 1. How does the winner in such an auction become the loser due to the „winner curse‟? 2. Explain the role of primary dealers in the money market. Caselet 2 In a bid to familiarize banks, exporters and other financial bodies with „Forfeiting‟, the State Bank of India (SBI) will soon be setting up a three-man cell at its international division in Mumbai for advisory purposes. According to Mr. D. Ian Guild, Senior Advisor, Forfeiting & Syndications Group, Standard Bank, the cell was being set up after a series of meetings with the bank, and is essentially aimed at spreading the message of Forfeiting as an effective trade financing mechanism to increase exports. Suggesting that forfeiting was the ideal springboard for effecting a quantum jump in exports in the medium-term, Mr. Guild said he was confident of aggregating forfeiting business of $100 millions in 1998 and $250 millions in 1999 in the country. Since its introduction in 1992, Exim Bank had facilitated 69 forfeiting transactions valued at around $75 millions, with credit periods ranging between 90 days and seven years, and covering the export of goods ranging from textiles to plant and machinery. The RBI has now permitted all commercial banks to act as facilitators for forfeiting transactions. Mr. Guild pointed out that forfeiting has not really taken off in India because exporters and commercial banks lacked the knowledge of the mechanics of the scheme. In India, the real challenge would be to motivate small and medium exporters to use the forfeiting route for exports to countries which may not be able to buy on cash terms. Mr. S. Bhattacharya, deputy general manager, Exim Bank, Calcutta, said: “Payment defaults by overseas buyers were an integral part of cross-border business and export credit insurance has not been a comprehensive answer to this problem”. Forfeiting offered an alternative solution, especially to exporters wishing to penetrate difficult markets for the first time, he pointed out. Some of the top international forfeiters in the world have stopped accepting forfeiting documents involving Pakistan and Russia, according to Mr. Amitabh Mehta, Trader and Originator, Forfeiting and Syndications group, Standard Bank London Ltd. (SBLL). According to Mr. Mehta, forfeiting transactions involving Pakistan could not be carried out due to poor performance of the banks there. In addition, the financial status of Pakistan following the nuclear blasts has made it impossible to carry out the transactions. Similarly, transactions with Russia are being totally rejected by forfeiting due to the current economic turmoil. Joining the list with Pakistan and Russia are Iraq, Sudan and Nigeria, he added. Commenting on the Indian situation, Mr. Mehta said, “With its sound banking system, the country is well placed in the international scene. In fact, there is tremendous potential for forfeiting in the years to come,” he said. According to him, even after the nuclear tests conducted by India, the top forfeiters were not worried and continued to accept forfeiting papers to be transacted with India. Examination Paper of Banking & Financial Services Management 4 IIBM Institute of Business Management Questions: 1. Discuss the mechanism of forfeiting and the role played by banks in forfeiting transactions. 2. How does forfeiting differ from factoring? Section C: Applied Theory (30 marks)  This section consists Long Questions.  Answer all the questions.  Each question carries 15 marks.  Detailed information should form the part of your answer (Word limit 150 to 200 words). 1. What are the various approaches to capital adequacy? Explain Basel II norms and minimum capital requirements in Basel II norms. 2. What do you mean by non Performing Assets (NPA)? How have NPAs affected financial health of Indian commercial banks? END OF SECTION B END OF SECTION C Examination Paper of Banking & Financial Services Management 5 IIBM Institute of Business Management IIBM Institute of Business Management Examination Paper MM.100 Financial Services Section A: Objective Type & Short Questions (30 Marks)  This section consists of Multiple Choice & Short Note type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 5 marks each. Part One: Multiple Choices: 1. NBFS stands for ___________ 2. ALCO is a decision making unit responsible for balance sheet planning from risk return perspective. (T/F) 3. A contract of „Indemnity‟ is one whereby: a. A person tries to use the other‟s property b. A person promises to save the other‟s property from loss caused. c. A person tries to trick the property of other for some other person. d. None 4. The transaction between the lessor and the lessee being a demand sale is called__________ a. First sale b. Second sale c. Third sale d. Fourth sale 5. Which of the following is comes under mutual funds? Open-end funds Closed-end funds Both (a) & (b) None 6. Concept of leasing involves: a. Lessor b. Lessee c. None d. All 7. CRISIL stands for____________ 8. ____________are issued by the government for period ranging from 14 days to 364 days through regular auctions. a. Treasury Bills b. Commercial Papers Examination Paper of Banking & Financial Services Management 6 IIBM Institute of Business Management c. Call Money Market d. None 9. The practice of discounting accommodation bills is known as _____________ 10. HUDCO stands for _____________ Part Two: 1. Explain about SEBI guidelines to merchant bankers. 2. List the different types of Factoring. 3. Write a short note on venture capital in India. 4. Write a short note on Depositories. Section B: Caselets (40 marks)  This section consists of Caselets.  Answer all the questions.  Each caselet carries 20 marks.  Detailed information should form the part of your answer (Word limit 200 to 250 words). Caselet 1 Sunlight Industries Ltd manages its accounts receivables internally by its sales and credit department. The cost of sales ledger administration stands at Rs 9 crore annually. It supplies chemicals to heavy industries. These chemicals are used as raw material for further use of are directly sold to industrial units for consumption. There is good demand for both the types of uses. For the direct consumers, the company has a credit policy of 2/10, net 30. Past experience of the company has been that on average 40 per cent of the customers avail of the discount while the balance of the receivables are collected on average 75 days after the invoice date. Sunlight Industries also has small dealer networks that sell the chemicals. Bad debts of the company are currently 1.5 per cent of total sales. Sunlight Industries finances its investment in debtors through a mix of bank credit and own longterm funds in the ratio of 60:40. The current cost of bank credit and long-term funds are 12 per cent and 15 per cent respectively. There has been a consistent rise in the sales of the company due to its proactive measures in cost reduction and maintaining good relations with dealers and customers. The projected sales for the next year are Rs 800 crore, up 15 per cent from last year. Gross profiles have been maintained at a healthy 22 per cent over the years and are expected to continue in future. With escalating cost associated with the in-house management of debtors coupled with the need to unburden the management with the task so as to focus on sales promotion, the CEO of Sunlight Industries is examining the possibility of outsourcing its factoring service for managing its END OF SECTION A Examination Paper of Banking & Financial Services Management 7 IIBM Institute of Business Management receivables. He assigns the responsibility of Anita Guha, the CFO of Sunlight. Two proposals, the details of which are given below, are available for Anita‟s consideration. Proposal from Canbank Factors Ltd: The main elements of the proposal are: (i) Guaranteed payment within 30 days (i) Advance, 88 per cent and 84 per cent for the resource and non-recourse arrangements respectively (iii) discount charge in advance, 21 per cent for with resource and 22 per cent without resource (iv) Commission, 4.5 per cent without resources 2.5 per cent and with resource. Proposal from Indbank Factors: (i) Guaranteed payment within 30 days (ii) Advance, 84 per cent with resource and 80 per cent without resource (iii) Discount charge upfront, without resource 21 per cent and with resource, 20 per cent and (iv) Commission upfront, without resource 3.6 per cent and with resource 1.8 per cent. The opinion of the Chief Marketing Manager is that in the context of the factoring arrangement, his staff would be able to exclusively focus on sales promotion which would result in additional sales of Rs 75 crore. Required The CFO of Sunlight Industries seeks your advice as a financial consultants on the alternative proposals. What advice would you give? Why? Calculations can be upto one digit only. Caselet 2 Following are the financial statements for A Ltd and T Ltd for the current financial year. Both firms operate in the same industry. BALANCE SHEETS Particulars Firm A Firm B Total current assets Rs 14,00,000 Rs 10,00,000 Total fixed assets (net) 10,00,000 5,00,000 _____________ __________ Total assets 24,00,000 15,00,000 _____________ ___________ Equity capital (of Rs 10 each) 10,00,000 8,00,000 Retained earnings 2,00,000 _ 14% Long-term debt 5,00,000 3,00,000 Total current liabilities 7,00,000 4,00,000 _____________ ___________ 24,00,000 15,00,000 INCOME STATEMENTS Net sales Rs 34,50,000 Rs 17,00,000 Cost of goods sold 27,60,000 13,60,000 __________ ___________ Gross profit 6,90,000 3,40,000 Operating expenses 2,96,923 1,45,692 Interest 70,000 42,000 __________ ___________ Earnings before taxes (EBT) 3,23,077 1,52,308 Taxes (0.35) 1,13,077 53,308 Earnings after taxes (EAT) 2,10,000 99,000 Examination Paper of Banking & Financial Services Management 8 IIBM Institute of Business Management Additional information: __________________________________ Number of equity shares 1,00,000 80,000 Dividend payment (D/P) ratio 0.40 0.60 Market price per share (MPS) Rs 40 Rs 15 __________________________________ Assume that the two firms are in the process of negotiating a merger through an exchange of equity shares. You have been asked to assist in establishing equitable exchange terms, and are required to: (i) Decompose the share prices of both the companies into EPS and P/E components, and also segregate their EPS figures into return on equity (ROE) and book value of intrinsic value per share (BVPS) components. (ii) Estimate future EPS growth rates for each firm. (iii) Based on expected operating synergies, A Ltd estimates that the intrinsic value of T‟s equity share would be Rs 20 per share on its acquisition. You are required to develop a range of justifiable equity share exchange ratios that can be offered by A Ltd‟s shareholders. Based on your analysis in parts (i) and (ii), would you expect the negotiated terms to be closer to the upper, or the lower exchange ratio limits? Why? (iv) Calculate the post-merger EPS based on an exchange ratio of 0.4 : 1 being offered by A Ltd. Indicate the immediate EPS accretion or dilution, if any, that will occur for each group of shareholders. (v) Based on a 0.4 :1 exchange ratio, and assuming that A‟s pre-merger P/E ratio will continue after the merger, estimate the post-merger market price. Show the resulting accretion or dilution in pre-merger market prices. Section C: Applied Theory (30 marks)  This section consists of Long Questions.  Answer all the questions.  Each question carries 15 marks.  Detailed information should form the part of your answer (Word limit 150 to 200 words). 1. What do you mean by money market? Discuss money market instruments in detail. 2. What is leasing? Explain about the advantages and disadvantages of lease finance. S-2-300813 END OF SECTION B END OF SECTION C

[irradiantsam]

AU day! Based off one of my favorite book series, The Paper Magician. Really all you need to know to understand it is that magicians bond themselves to one type of item, such as rubber, metal, stone, or whatever, and can then only use magic involving that item.

“That’s incredible,” Benny breathes, and Sam blushes.

“It’s not rocket science,” he says, ducking his head and holding out his hands.

Benny gently takes the small, carefully folded paper hummingbird into his own hands, staring down at it in amazement. It looks back at him, ruffles its wings, and hops once across his palms. “No,” Benny says, “it’s magic. This is amazing.”

Sam worries that his face might actually catch fire with the heat of his blush, which would prove unfortunate for the little origami creatures he’s worked so hard on. “It, really, it’s only paper magic. Some people can control metal, or fire. Paper isn’t all that exciting.”

“Sam, you made this. With magic. You took a plain piece of paper and you turned it into a beautiful, living thing. That’s pretty damn excitin’ to me.” Benny carefully strokes one finger down the hummingbird’s back, and it makes a soft, rustling noise of a page being turned, the closest it can come to chirping its enjoyment. “Hell, mirror magic don’t seem like nothin’ compared to this.”

Sam perks up at that. “You do mirror magic?”

“Mhm. Graduated a few years back, opened my own place with a buddy of mine. Of course, no one much needs mirrors to communicate anymore, but it’s still the fastest way to get around, and of course we do repairs.” Sam nods, mulling over Benny’s words.

“You own the place over on Elizabeth Street, then? I think I’ve passed it once or twice.”

Benny smiles, and Sam’s surprised to see a matching blush on the older man’s cheeks. “I think I’ve seen you passing once or twice. You always look in a hurry.”

“Oh, well.” Sam is flustered, surprised that Benny’s even noticed him before he came over to Sam’s stall. “I usually am. I’m only a month out from graduating, and my teacher’s been running me ragged, between studying, practicing, and running the stall here.”

Sam loves his teacher like an uncle, but he’ll be the first to admit that Wyatt can be something of a taskmaster. He’s determined to see Sam succeed, even if it means working him almost to death. Still, running the paper stall in the market place is one of Sam’s favorite tasks. Business is usually slow enough that he has time to study in between customers, but not so slow that he gets bored. There’s always someone who wants a bouquet of paper flowers, or a journal that will only open for them.

Or a paper hummingbird that Benny is still smiling at with real wonder in his eyes, calloused hands delicately tracing the fold of one wing. He looks up at Sam with a smile, and Sam finds himself grinning back.

Maybe he’ll find a reason to pass by Elizabeth Street on his way home today.

OMG ANON, THIS IS SO LOVELY. I have never read anything like this kind of fantasy au, but I really love fantasy and witchy!Sam aus so this was such a treat to find in my inbox after a long ass day. The imagery of the little hummingbird’s chirp sounding like the page of a book turning was so delightful. I love the idea of blushy Sam using his hands to give life to something for Benny and also the image of a teeny lil paper bird in Benny’s thick hands. AND THE MR. WYATT MENTION OMG. I was expecting the uncle-like teacher to be Bobby, but ayyy it was wee!Sam’s favorite teacher #mrwyattappreciation

Thank you so much for this fantastic au, anon! You are spoiling me so much 💗💗💗

[jamesnovakwinchester]

SBLW Day 5

Fluffy, quirky headcanons day! I hope you enjoy these :)

Benny’s beard makes Sam giggle when they kiss.

Benny’s beard makes Sam moan when Benny goes down on him. He is always a gentleman though and rubs lotion on Sam’s beard burn afterwards. 

Benny thinks his fingers are too thick to work a touchscreen properly and he doesn’t fully understand autocorrect so his texts to Sam often read something like, “Miss yiu. Cant wait til u get bAck from thia hunk. I’m gonna cover u in Neosporin xo” followed a few minutes later by “****kisses FUCK” which never fails to make Sam laugh and Dean groan when he makes the mistake of asking what Sam is laughing at.

Whenever Benny is feeling down on himself because of his vampiric nature and the constant lust for fresh blood that he is always fighting to resist, Sam is there to lift him up and comfort him, remind Benny how strong and good he is, and how Sam will never let him fall. It helps that Sam struggles with a bloodlust of his own and understands what Benny is going through.

They took the physical aspect of their relationship slowly at Sam’s request. He let Benny know when he was ready to take the next step by texting Benny a sultry nude photo with the simple message “waiting for you” when he knew Benny was playing poker with Dean in the kitchen. It’s not Benny’s fault that he sputtered the blood he was sipping on all over the table (Benny! Gross, man.) and he still teases Sam that he owes Benny $600 for the full house of sixes over kings that he folded before hightailing it to Sam’s room. 

Whenever Sam is feeling depressed or he has a really terrible nightmare, he seeks comfort in Benny’s arms. They cuddle up close, preferably naked, with Sam’s head tucked under Benny’s chin and Benny’s arms wrapped around him tight, as if they are all that’s holding Sam together. Sam likes to press his face into Benny’s neck or his chest and inhale Benny’s scent; he smells earthy like the pine trees that surround the bunker and it calms Sam’s anxious thoughts. Benny usually doesn’t say much, just strokes Sam’s hair and his back and murmurs sweet nothings to Sam until he lets out his emotions and cries, tells Benny what’s on his mind, or dozes off. Sometimes all of the above. Benny isn’t sure if he’s really helping Sam, but he always seems lighter and smiles more easily afterwards so Benny counts it as a win. 

Benny’s skin runs a bit cold– chilled, if you will– so one of Sam and Benny’s favorite things to do in their downtime is take hot baths together in the antique clawfoot tubs the bunker has. Surprisingly (because shh these are headcanons), they’re big enough to comfortably accommodate both men. Benny pretends he thinks those fancy bath bombs Sam likes to use on occasion are frivolous, but Sam knows he liked how soft the seaweed one made his skin feel.

Slowly, Benny helps Sam confront the sordid history of all the nonconsensual things that happened to him and he begins to heal. As an unexpected but welcome result, Sam starts to enjoy sex again like he hasn’t since, well, since he was soulless (and while soulless!Sam enjoyed that, soulful Care Bear Sam doesn’t look back on those memories too fondly). Together, Sam and Benny explore an array of kinks in a safe environment. Sometimes it’s hot (the racy lingerie and vibrating dildo they ordered), sometimes it’s not (Sam’s not a fan of being tied up, they discover), and sometimes it’s downright ridiculous (when they tried roleplay and Sam couldn’t make it through his act as the sexy librarian without giggling… the glasses were hot though, they kept the glasses). 

Benny is always trying to get Sam not to work so hard. Still, when Sam insists on staying up late researching (which happens too much, if you ask Benny, but he’s learned to pick his battles), Benny will give Sam mini shoulder massages as he pores over an ancient tome and bring him fresh coffee and a snack. Despite Benny’s urging that “you’ve done enough for tonight, Sam, come to bed,” Sam usually falls asleep at the library desk. Instead of waking him up, Benny just carries Sam to bed. 

-SBLW anon

These are so freaking good, anon!!

[irradiantsam]

SBLW anon here, with domestic fluff that does kind of fall under the "first time" theme! Let's go!

“I really don’t think this is a good idea,” Sam says, peering over Benny’s shoulder. Benny reaches up to flick Sam’s nose without looking up from the mixing bowl full of flour and seasonings. “Shut up, this is a classic.” Sam scoffs but steps out of Benny’s reach before he speaks again. “I just feel like maybe these aren’t supposed to be eaten? Maybe God put a slimy green coating on these for a reason. And maybe that reason was so that, you know, no one would eat them.” 1/5

Sam can’t see Benny’s face from where he’s standing, but Benny is considerate enough to look over his shoulder so that Sam can see his eye roll. “Why’re you so skittish about this? You’ve eaten weirder things than frog legs before.” Sam grimaces. “Yeah, but only under great duress. Or a lot of alcohol. Sometimes both.” Benny snickers, and Sam frowns. “You know, a lot of frogs are poisonous. It’s a defense mechanism, to prevent exactly this situation.” 2/5

“Cher, do you really think I’d feed you something poisonous?” Benny asks. Sam mumbles something but can’t come up with a good answer. Benny nods and resumes battering the frog legs. “Besides, you can ask anyone. Frog legs taste like chicken. You’ll love it.” Sam sighs and steps forward so he can drop his chin on Benny’s shoulder, watching the frog legs make their way from the plate to the bowl to the frying pan. “I think I might be allergic to frogs,” he offers, and Benny snorts. 3/5“Oh really? And when did that happen?” Sam can’t help but grin at Benny’s incredulous tone, but he’s careful to keep his own voice perfectly serious. “I don’t know. It’s pretty recent. Pretty sure the allergy only actually developed as soon as you told me what you were making for dinner. In fact, I can feel my throat closing up right now. Ack, I can barely breathe.” He can feel Benny shaking with laughter where Sam is plastered against his back, and his own grin only widens. 4/5

“Help,” he gasps. “Vision going dark! Skin breaking out in hives! Only normal American cuisine can save me. Quick, make a salad!” Sam paws at Benny’s side when no salad appears on the counter, and Benny only laughs harder. “Fine, fine, I’ll make you a side salad, and if you really don’t like the frog you can eat that instead. More for me.” Sam plants a sloppy kiss on Benny’s cheek with a whispered thank you, and is only a little chagrined to find that he does, in fact, love the frog legs. 5/5

OMGGGG, this is so cute, I love it so freaking much! I love chef!Benny cooking for Sam, the comfortable domestic fluff, and pet names are a secret weakness of mine (anyone who disagrees that Benny would call Sam cher can FIGHT ME). Thank you so much, dear anon. This is perfect. I smiled and giggled the whole way through and Sam’s desperate plea for a salad and Benny humoring him was the icing on this delicious sambenny cake 💗💗💗    

[jamesnovakwinchester]

SBLW Day 3 & 4: A/B/O and misunderstandings

Sam’s heat hits him unexpectedly when he’s on a wendigo hunt with Dean in Boise, Idaho. It happens during a nightlong stakeout in the woods. Not the most ideal place, but Sam is grateful it didn’t happen somewhere more overly populated with alphas. He and Dean had separated to cover more ground when Sam was suddenly struck by a dizzy spell that had him staggering towards a tree trunk to balance himself against before he fell over, followed by a hot flash, and that’s when Sam felt the telltale wetness in his boxer briefs. His heat wasn’t due for another three weeks, there’s no way he could’ve anticipated this. It was highly unusual for an omega in his early thirties to have an erratic heat cycle; they usually came every six months like clockwork.

Sam had maybe an hour before things got worse. As he reached for his cell phone to call Dean and tell him that they needed to get back to the motel, he was overcome with an intense longing, a need to be filled by an alpha right fucking now. Sam’s knees buckled and he fell forward on his hands, scratching his palms on the forest floor. He took a few deep breaths to try and calm his racing heart. What the fuck is happening to me? he thought.The onset of Sam’s heats never got this intense so quickly. Not even when he was a horny teenager growing up with two alphas, or when he was living with Jessica, also an alpha, at Stanford. Instead of it being the slow burn that normally accompanied the first day of a heat, it felt like Sam was already in the deep throes of it, like he would be if he was being knotted by an alpha, only he felt painfully empty. Sam wasn’t sure what triggered this, all he knew was he wanted a knot, he wanted Benny’s knot. Fuck, he regretted insisting Benny sit this hunt out. It was an open and shut case and there didn’t seem to be any reason to waste manpower. Oh, what Sam would give for some of Benny’s manpower right about now. Then again, he really didn’t want the first heat he experienced with Benny to take place in the middle of the woods with sticks and rocks and bugs digging into their skin. He didn’t even know if Benny was ready to take that step. He thought he had more time to bring it up to his boyfriend. Sam shook his head to clear it, focus.

With shaky hands, Sam managed to call Dean on speakerphone. His brother answered after two rings, “Yeah, Sammy, got anything?”

“D-dean, help.” Immediately, his brother was on high alert.

“Sam! Sammy, what’s wrong? Are you hurt, did that sonofabitch–” Sam heard the crunch of leaves as Dean started running, likely in the direction he knew Sam was in. 

“N-no. In h-heat.”

“What? Shit, fuck, I’m coming, hold on.” 

It took about fifteen minutes for Dean to find Sam. The scent of his heat must’ve been enough to draw Dean in the right direction. Dean found Sam curled up on his side, shaking, with the back of his jeans soaked through with slick.

“Alright, Sammy, I gotcha.” He said as he lifted his brother into his arms and began the trek back to the Impala. Sam whimpered and rubbed his cheek against Dean’s shoulder, taking comfort in the scent of a familiar alpha. Dean wasn’t his actual mate, but being in such close quarters together for so many years, with no other alphas around (that is, until Benny moved into the bunker a few months ago) led to Sam having a similar reaction to Dean’s scent as he would to a traditional mate.

By the time they got back to the motel, Sam’s heat had worsened threefold. His face was flushed and he was whimpering pitifully as he tossed his head back and forth on the dingy motel pillow.

It shook Dean to see his brother like that. He hadn’t seen a heat be so hard on Sam since he first presented when he was fourteen. Normally, these past few years when Sam felt his heat coming on, he’d just retreat to his room for a few days with a knotting dildo. The special dildo coupled with the fact that Dean’s alpha scent permeated the bunker was usually enough to tide Sam over for the duration of his heat. It was uncomfortable and an inconvenience for an omega without an alpha to knot him, but it shouldn’t be painful like this.

“Kiddo, I need to get you some supplies.” Dean said as he placed a cool, wet washcloth on Sam’s forehead. He had an uneasy feeling about leaving Sam on his own, even just for fifteen minutes, but he didn’t have any other choice.

Sam shook his head fretfully, face flushed with heat. “Benny, I want B-Benny.”

“Benny is seventeen hours away in Kansas, he can’t do much for you right now.” Unsure if Sam was even comprehending what he was saying, Sam simply kept repeating Benny’s name. Dean sighed in frustration and dialed his friend’s number.

*

It took Benny fourteen hours to get to Boise with no stops. By then, Sam was practically delirious, crying out for Benny in between moaning like he was in pain into the sheets and falling in and out of consciousness. Other than getting him to suck on ice cubes, Dean hadn’t been able to convince Sam to eat much. Sam was naked now, save for the thin motel sheet protecting his modesty; he got too feverish around hour three and Dean had forced him under the cold shower periodically to bring down his body temperature. The knotting dildo Dean had bought lay discarded on the floor, it had offered Sam no reprieve either. So when Benny burst into the room, Dean doesn’t think he’s ever been so overjoyed to know that his brother was about to get knotted. 

Benny looked a combination of livid and petrified at seeing the state Sam’s was in. He felt like his heart hadn’t stopped racing since he first got Dean’s frantic call hours ago and his heart doesn’t even beat. Dean gives him a consolatory pat on the shoulder and tells him to take care of his little brother before leaving to get a separate room for the next couple of days. He’d called in a hunter friend of his who had finished their hunt, so Dean could technically head back to Lebanon. Dean knows his little brother is safe with Benny; he’d die before letting anything happen to Sam. And they’d be home just a few days later, once Sam’s heat had subsided, but Dean knows this isn’t an ordinary heat and he wants to stay close by. 

*

The moment Sam scented Benny, he opened his eyes and looked more alert than he had in hours. He immediately reached out for Benny, who stepped into his arms, and began rubbing against him needily, hindering Benny’s attempts at getting undressed as quickly as he could. 

“Need you, Benny, need you now. Please.”

Seeing Sam’s painfully hard cock and how soaked the bed was with his slick and sweat, Benny didn’t waste time with prep. He manhandled Sam onto his hands and knees and pressed into him without preamble, as Sam let out a sob of relief. After just a few strokes, Benny’s knot inflated and Sam finally, finally came. Benny is sure he’s never knotted so quickly in his human or immortal life.

Relieved, exhausted, and temporarily satisfied, Sam falls asleep a few minutes later, Benny’s knot still pulsing come into his ass every few minutes. Benny turns Sam onto his side to spoon him for the half hour or so they’ll be tied. 

Benny brushes Sam’s hair out of his face and gets a good look at his boyfriend. His color is already returning to normal and he’s no longer burning hot to the touch. He’s resting peacefully now, instinctually pushing his ass back against Benny’s knot whenever he pulses more come into Sam, even in sleep. The scent of Sam’s heat is still strong even after being tempered with his alpha’s. Benny’s not sure how every alpha within a three mile radius isn’t banging on their door. He buries his face in Sam’s neck and inhales; he smells even better than usual to Benny and that’s saying something. 

Satisfied that Sam is mostly okay for now, Benny texts Dean an update on Sam’s state, and he replies with a thumbs up emoji, saying to text him when they need food.

All his bases covered, Benny takes a look around the drab motel room Sam and Dean have been staying in for the past five days. What was Sam thinking not telling Benny his heat was coming on? Did he not want Benny to knot him, were his heats always this intense, would he have rather continued to suffer through his heat in this shithole than ask Benny for help, did he not think he could rely on Benny for that or had Benny misread how serious their relationship was, did he even consider what could have happened if his heat had struck at a more inopportune moment? Not that it got much worse than in the middle of a hunt for a fucking wendigo that could have taken Sam when he was vulnerable. What if Dean hadn’t gotten to Sam in time? Questions and fears raced through Benny’s mind, his upset changing to anger at how Sam had played fast and loose with his health and well-being, now that Sam was in the clear. Dean had said that Sam asked for him specifically, but seeing how intense Sam’s heat was and how even the knotting dildo hadn’t helped, perhaps Sam hadn’t anticipated his heat being like this. Sam was meticulously organized and the smartest damn hunter Benny had ever seen, there was no way he wouldn’t know if his heat was due. He must’ve not wanted Benny around him during his heat. Why else would he put himself in danger and insist Benny sit out a hunt that would take Sam over a thousand miles away from him?

* 

Benny didn’t get a chance to talk to Sam just yet. As his knot deflated and Benny carefully pulled out, Sam woke up and immediately turned into Benny’s arms, rubbing his hardening cock against Benny’s hip, ready for round two already. Whatever underlying relationship issues this situation had brought up in Benny’s mind, Sam still came first. Both literally and metaphorically.

Sam was more clearheaded this time around. He tried to thank Benny for coming here before Benny shut him up with a fierce kiss. If Sam tried to say “you didn’t have to do that” like he often did when Benny did something any decent boyfriend should do for his partner, he was gonna lose his temper.

This time, Benny let himself be rough with Sam. He leaned his back against the flimsy headboard with Sam in his lap and started frenetically slamming Sam up and down on his cock as the omega moaned wantonly, his arms wrapped around Benny’s neck and pressing kisses into his shoulders, his throat, any skin he could reach. 

This time they knotted with Sam laying on Benny’s front. It wasn’t the most comfortable position for Sam, but when Benny had tried to turn him onto his stomach, Sam insisted that he wanted to see Benny. 

Satisfied once again, Sam’s fingers started idly playing with Benny’s chest hair, his head resting on Benny’s shoulder.

Benny couldn’t stop touching Sam, stroking his hair and his back, squeezing his ass and cupping the backs of his thighs to pull Sam tighter to him. It was hard to stay mad at Sam on a good day, let alone when he was naked and sitting on Benny’s dick, but Sam’s next words brought back up some of his anger. 

“’M sorry you had to drive all this way,” Sam murmured, kissing Benny’s collarbone in thanks. Did that mean Sam hadn’t wanted him to come? Benny’s hands tensed on Sam’s skin and he pulled back, forcing Sam to look up at him.

“Why didn’t ya tell me your heat was comin’ on, cher? If you didn’t want me to be with you for it, ya should’ve just told me. I would’nta minded… Well, not too much. You could’ve gotten seriously hurt out here.” Benny tried and failed to keep the emotion from making his voice shake.

Sam sat up in Benny’s lap, which caused them both to moan as the movement shifted Benny’s knot deeper into Sam’s ass. Lord, this was definitely not the right time for this conversation, but Benny couldn’t stand not knowing where he stood with Sam. He thought their relationship had been going so well, amazing, even. Benny couldn’t remember a time in the last 200 years when he’d been so content and happy. He never thought he’d feel love like this again after Andrea, after the the things he’d done as a part of his old nest, but being accepted by the Winchesters and being with Sam had given him a life he never imagined he could have. But, even if it killed Benny a fourth time and he had a feeling it would, he’d leave after this heat was over if that’s what Sam wanted.

Benny closed his eyes against the sight of Sam looking at him pityingly. Could vampires still cry? Would his tears be of blood, like a vampire out of one of Anne Rice’s novels? He had a feeling he was about to find out.

Benny felt something trickle out of his eye and he tried to turn his head, but Sam grabbed his face between his hands and wouldn’t let him. 

“Benny, hey, no, look at me.” He felt Sam wipe the wetness from his cheek. Benny can’t make himself make eye contact with Sam, he focuses on Sam’s anti-possession tattoo instead.

“Listen to me, Benny. I, I didn’t know this was going to happen. My heat wasn’t due for nearly a month, okay? I wasn’t trying to get away from you! If anything, I didn’t want to scare you off by seeming clingy. Things have been going so well…” 

Benny looks up at that, relief washing over him. “What’s going on then, Sam? Why’d ya go into heat like this? Is it the trials, are they still–”

“No! No, it’s nothing to worry about… I don’t think,” Sam says as he looks down, suddenly shy. 

“What is it?” Benny asks, eyebrow raised.

“Um, well, now that I’ve had a chance to think about it with a clear head…” He trails off, face flushing pink.

“Cher, whatever it is, we’ll–”

“I think we’re true mates,” Sam finishes in a rush. Benny opens his mouth to say something, but finds he’s speechless. About 30% of the population has a true mate, it’s not unheard of, or even all that rare. It’s just. Not something Benny ever anticipated. They’re both technically centuries old. When you’ve lived as long as Benny has, when you’ve survived as much as Sam has– this is the last thing you expect from life. Benny was born hundreds of years before Sam, and Sam spent what he said felt like a few millennia in Hell with the devil. What were the odds that they’d find each other?

“Yeah, I, I’ve read that once you meet your true mate and the omega hasn’t been claimed, being away from the alpha for an extended period right before a heat is due, c-can, um, trigger something like this. It’s like the body’s way of telling the omega he’s met his true mate and he needs to… to be claimed. We don’t have to do that, though! Benny, we can wait. O-or we don’t have to at all if you don’t want. I’m not trying to push you into anything befo–”

Benny cuts him off with a kiss, rolling Sam onto his back so Benny can show him just what he thinks of waiting. 

*

Dean comes by their room a few hours later with food and a cooler full of donated blood bags he swiped from the local blood bank for Benny. In his haste to get to Sam, Benny had forgotten to bring any with him. 

When he lets Dean in, Benny looks immensely pleased with himself for some reason. Probably because the room is absolutely wrecked (ugh, it looks like they moved from Sam’s ruined bed to what was Dean’s bed) and reeks of their coupling. In fact, it smells different. Not bad, just different than what he expected. It’s only on rare occasion that Dean has smelled another alpha on Sam, the last time was when he was soulless. This time, it smells like Sam’s own scent is off now. Dean doesn’t linger on that though because Sam looks light years better than he did five hours ago. He’s awake and mostly dressed, thank God, in Benny’s henley and a pair of boxer briefs. He’s in good spirits and relatively comfortable for the time being, so Dean sticks around to eat dinner with them. He’s just so fucking relieved to see Sam healthy and hungry again, and he needs to watch Sam eat with his own two eyes to assuage the inner big brother alarm system that’s been at threat level red for the past twenty hours. Dean smothers the chick flick urge to pull Sam into a hug and not let go of him for a couple of hours by playfully teasing his little brother and making a show of getting pie crumbs all over his (Dean’s) bed until Sam throws a pillow at him.

Sammy’s no delicate flower, but Benny’s shirts are pretty big on him, and in the ensuing pillow fight that Dean totally wins, the shirt slips down one of Sam’s shoulders to reveal, holy shit, a mating bite. 

When Sam notices what Dean is staring at, he freezes, anticipating Dean’s reaction. Benny knows mating is a big step for Sam, the type of set Sam usually would never take without consulting Dean first. He knows how important his big brother’s opinion is to Sam. 

Dean looks back and forth between Sam and Benny for a few moments. He was blindsided at the sight of the claiming mark on Sam’s skin, but he can’t say he didn’t consider that this was coming down the line. Way, way down the line. But thinking back on the state Sam was in earlier, Dean knows he can’t watch Sam go through that again. It’s gonna take some adjusting to now that Dean knows this thing between them is for the long haul, but Benny has earned his trust to take care of and treat his brother right. If there is one person Dean has to share Sam with, he’s glad it’s Benny. He can’t actually say all that touchy feely shit, though. Sam would never let him live it down. Instead, Dean groans in faux irritation. “If this means you guys are gonna be even more moony eyed over each other than before, I swear I’m moving into Baby,” he threatens. Benny laughs and Sam tackles him to the bed in a hug so Dean thinks it’s safe to say they caught his underlying sentiment.

-SBLW anon

[irradiantsam]

“It’s not a big deal,” Sam says, perfectly happy to downplay a major catastrophe like this.

“You literally just almost bled out on the library floor,” Benny says, in the most reasonable tone he can muster. “You are still bleeding!”

“Head wounds always bleed a lot,” Sam says. Damn it, he sounds much more reasonable than Benny did. “It’s just how human bodies are designed.”

“I wouldn’t know,” Benny mutters, tongue just barely poking out of his mouth as he tries to tape the bandage over the still-bleeding cut on Sam’s scalp. It’s hard, with all the hair. He’s so focused on his task that it takes him a few seconds to realize Sam hasn’t responded, is simply looking up at Benny from his chair and biting his lip. “You still with me, cher?”

“I didn’t even think about that,” Sam says. “I’m really sorry.”

Benny finally gets the last corner taped down without any hair trapped beneath the adhesive, and he grabs an alcohol wipe from the open first aid kit on the table and sets to cleaning as much blood off of Sam’s forehead as he can. “Sorry for what, love? Droppin’ a book on your head? Because that was my fault. I shouldn’t’ve startled you.”

“No, I- I should have thought,” Sam says, stumbling a little over his words. “About the blood. And you, uh, smelling it, I guess. And seeing it.”

Benny snorts and strokes Sam’s hair out of the way. “Believe it or not, but seein’ you bleed makes me a little more concerned than hungry. Trust me, I’m not worried.”

“Still,” Sam insists, “if it does, you know, turn out to be too much, I can always take care of something this minor on my own, you don’t have to.” Benny sighs and leans down to press a kiss to Sam’s forehead where he’s just finished wiping away the tacky-dried blood.

“It could never be too much. I like takin’ care of you, cher, even for the small things. You’re important to me, and your happiness and wellbeing matter. I like being able to help, from havin’ your back on a hunt to takin’ care of your stubbed toes. Understand?”

Sam hums softly and tilts his head back so he can give Benny a proper kiss. “Yeah. Same goes for you too, you know.”

Benny smiles at that, and presses another quick kiss to Sam’s lips. “Well that’d only be necessary if I went around dropping things on my own fool head,” he teases, and laughs at Sam’s pout, “but I appreciate it all the same.“

(what are endings? I don’t know!)

AHHHHH i’m so heart eyes about this whole concept!!!! I lovelovelove the hurt/comfort and how it wasn’t a serious injury like on a hunt or something, and yet Benny still wanted to take care of Sam and is worried about him (because Sam certainly never worries about himself). Benny being so careful not to get Sam’s hair under the bandage (because ouch) and kissing Sam’s forehead when he was done was so gentle and thoughtful. And Sam worrying about the scent of his blood affecting Benny and Benny essentially telling him that his concern for Sam outweighs any vampiric instincts wowee just wrap me up in this hurt/comfort schmooop please ❤❤❤

[jamesnovakwinchester]

SBLW Day 6: Endgame

My endgame for Sam and Benny is pretty happy. I mean, if we are going to create an alternate universe where Benny comes back from Purgatory with Sam (or better yet, after the Trials, Sam goes back and rescues him), WHY CAN’T THEY HAVE A HAPPY ENDING? They deserve it okay.

I think the real game changer of a Sam and Benny relationship in terms of living happily ever after is that it doesn’t exclude Dean. A lot of the canon romantic relationship dynamics seem to make one brother feel like he’s the third wheel or make him feel less important to the brother in a relationship, which is probably why they never last (see: Stanford/Jessica, Lisa, Amelia). Ultimately, Sam and Dean choose each other, but because Benny and Dean had a solid friendship first, Sam and Benny developing a romantic relationship wouldn’t cause too much of an issue. Dean’s a jealous (protective? possessive? one or all of those?) guy, but once he sees that 1) he and Benny are still friends, 2) Benny’s not trying to take Sam away from him, and 3) Sam is not trying to get away from Dean just because he’s in a relationship, he’d okay with it. There’s no bad blood anymore or unhealthy competition for one person’s attention. The three of them are all secure in both their group dynamic and in their separate, coexisting relationships. So the three of them living together with Sam and Benny in a committed relationship is a viable option because all three of them genuinely care about each other and get along.

I imagine Sam, Dean, and Benny hunting together for a number of years. Then because Benny wasn’t raised in the hunting life like Sam and Dean were and because he’s a very human vampire, he’d want to retire. Unlike the Winchesters, he doesn’t think he owes the world his life. He knows that with Sam and Dean, he’s done enough good to have earned a happy ending of his own. And he wants that for Sam and Dean, too. Benny knows how Sam has yearned for a safe, normal life and how he tried and failed to have one at Stanford. Benny wants to give that safe, happy, content, normal apple pie life to Sam. 

After some convincing, Sam would eventually concede that yeah maybe the world will keep on turning if they retire. Dean is harder to convince but eventually he gives in to Sam and Benny. At this point, Dean is in his early forties which is still pretty young, but it’s ancient in hunter years. The aches and pains that accompany growing older are starting to pile up. Sam and Dean’s joints are beginning to creak, and it starts taking longer and longer to recover from every broken bone, every near death episode than when they were in their twenties. Because of this, they can’t take on as many hunts as they used to anyway. Lately, Sam and Dean often find themselves in the Bobby-esque role of researcher and mentor to younger hunters, who take cases one after another. At this point, they’ve also archived everything they know and anything that could be helpful in an online hunter database that Sam designed a few years ago. Through word of mouth, it’s become an important resource for the North American hunting community. So Sam reasons that even if they left hunting, their knowledge and insight would still be available. Maybe it’s a sign? If they retire now, Sam thinks they’d still have a good thirty or so years to build a new, normal life. 

Sam, Dean, and Benny were still living at the bunker, but they think to truly live (mostly) civilian lives, they have to start someplace new. Maybe they’d move to Oregon or Maine, someplace where they’re not too far from the water. They’d buy a two story, four bedroom house and install tons of security measures and cover it top to bottom in protective sigils and spells. Their bedrooms are on separate floors, but Dean still insists on soundproofing Sam and Benny’s. As a housewarming gift, Cas tells them he used some angel mojo to keep their home hidden from angels (with the obvious exception) and demons alike.

The owner of a local garage takes one look at the Impala and hires Dean on the spot. Benny gets a job as a diner cook and Sam goes back to school, eventually teaching after he earns his PhD in mythology and folklore. When Benny brings Sam lunch one day, he sees just how popular Dr. Winchester is with his students. Benny’s not jealous and he doesn’t feel threatened, but it does get him thinking about their relationship. On their ten year anniversary a few months later, Benny proposes and Sam, of course, accepts. They don’t really get married, though, not in the eyes of God or the state. Sam and Benny have an intimate ring exchanging ceremony on the beach at sunset, with Dean and a dozen close friends (some from their old life, some from their new) as witnesses. Afterwards, there’s cake and champagne and dancing. Dean surprises them with a week long reservation at a bed & breakfast, which ends up being their honeymoon. 

For Sam’s fortieth birthday, Dean and Benny decide to get Sam a puppy. They consider taking Sam to the pound to choose the dog himself, but Dean agreed to get one dog, not an entire kennel, so they scratch that plan. When Dean and Benny get to the pound, though, Dean is instantly drawn to two five week old mutts whose mother passed away. They’re brothers and one of them was clearly the runt of the litter. As the big brother licks the little one’s face as he sleeps, the worker tells them the runt probably won’t survive if they’re separated and that settles that. When Dean and Benny present Sam with the puppies, it’s one of the few times either Benny or Dean have seen him cry from happiness. Sam names them Butch and Sunny after his favorite Western. Under Sam’s care, they grow big and strong and get fur all over Dean’s bed, their favorite place to take naps.

At Sam’s urging, Dean and Benny take a cooking class at the community college. Dean has always loved food and, consequently, cooking and with some professional tutelage, his talent flourishes. After some careful consideration, Benny and Dean decide to quit their jobs and open up their own place (called Dimples Diner because they’re both sappy schmucks), and Sam offers to manage the finances until they can afford a professional. The business starts off small, but it takes off after the first year. With good money coming in, the boys buy a boat and they start spending most of their weekends on the water with the dogs. 

-SBLW anon

[jamesnovakwinchester]

SBLW Day 2

Deep down, Sam knows he should be ashamed of the thrill of excitement that shoots down his spine whenever he sees Benny’s fangs. After everything he went through with Ruby years ago, after what Azazel did to him, he thinks he should know better than to go down this rabbit hole again. Benny’s fangs are… a deviation, unnatural. Everything Sam has tried to avoid his entire life. Everything Sam has feared he is his entire life.

Sam thinks maybe it is a sign of how much Benny has helped him grow and forgive himself that he lets Benny do this, that he asks for it. He remembers how upset Benny got when Sam told him about the trials and how they were purifying him, how he never completed them. “Even if that demon blood did change you biologically, that don’t make you dirty, cher. And anyone that ever made you feel like you got something to make up for because of it will have to answer to me.” 

Benny doesn’t drink blood to become stronger or to hurt others. He drinks blood to survive, usually donated blood or animal blood. So this, giving Benny nourishment, it’s something Sam can give Benny for once, in return for everything he has given Sam.

Or that’s what Sam tries to tell himself is the real reason they do this. But really, it’s fucking hot and it feels amazing.

Benny usually tries to be careful with Sam during sex. But when they do this, he finally lets himself go. Like tonight. After a grueling week and a half long hunt where Sam and Benny had shared a motel room with Dean (made worse by the fact that Dean insisted Benny sleep on the pull-out couch, rather than share a bed with Sam, if he insisted on rooming with the brothers during hunts), they were more than a little excited to be back in the privacy of their room at the bunker. 

*

The door to their bedroom is barely closed before Benny is shoving Sam against it, kissing him roughly as he divests Sam of his plaid and jeans as swiftly as he can. When Sam tries to return the favor and help Benny undress, the vampire snarls and pins Sam’s hands above his head, the command clear. Sam blushes at the thought of how wanton he must look to Benny, completely naked with his arms pinned above him, cock thickening as he watches Benny undress. 

Benny can already feel his gums aching as his fangs get ready to come out as he watches Sam whimper and writhe restlessly against the door, the thought of pressing his mouth against all that golden skin nearly destroying his resolve to make Sam beg for it tonight. 

Benny leans in and presses his lips against Sam’s collarbone, turning Sam’s head to the side for better access as he kisses up Sam’s neck. The scent of Sam and the feel of his pulse beneath Benny’s lips is intoxicating. It’s not just the anticipation of the blood that makes Benny heady, but the fact that Sam trusts him enough to let him have this. 

“Enough teasing, Benny, it’s been too damn long.” Sam says as he clutches at Benny’s shoulders, rubbing flush against his naked boyfriend like a needy cat. Without warning, Benny’s fangs pierce his throat. Sam lets out a hurt noise at the initial penetration, but his arms tighten around Benny as he presses Benny’s face impossibly closer.

Sam’s world narrows down to Benny’s lips at his throat, his hard on pressed against Sam’s hip as his hands roam Sam’s body. They’re both swept up by the sensation of the feed, a sweet heat passing between Sam’s skin and Benny’s mouth. They are nowhere near the point where it is necessary to stop, but Sam already feels himself starting to go limp in Benny’s arms, his body loose and relaxed in the haze of the feed.

When his knees start to buckle, Benny easily lifts Sam into his arms and Sam wraps his legs around Benny’s waist. Before he can drink his fill, Benny pulls off Sam’s throat and laps at the weakly bleeding wound as he carries Sam to their bed and lays him down. Sam smiles up at him, so dazed yet trusting that Benny can’t resist kissing him. The way vampires feed, there isn’t much blood left in Benny’s mouth, but their kisses still have a copper tinge to them. 

This is Benny’s favorite part. He kisses down Sam’s body, teasingly licking and sucking around Sam’s groin, but never where Sam wants him most, until Sam is helplessly rocking his hips up trying to get friction on his hard, leaking cock. Benny then pushes open his legs and teases his fangs against the delicate skin of Sam’s inner thigh. Sam’s scent is so rich between his thighs and when Benny bites, Sam’s blood flows more freely. As the tingling sensation of the feed travels towards his dick, Sam moans and tosses his head back and forth, leaking precome onto his stomach. Sam’s hands are tugging Benny’s hair, scratching at his shoulders as he begins to beg.

“Benny, Benny, please. I can’t, please, I need more.” Sam feels Benny’s smug grin where his lips are pressed into his thigh, but he takes pity on Sam. 

One hand keeping Sam’s leg pushed wide, Benny uses his left hand to alternate between stroking Sam’s cock and rubbing his taint. The alternating stimulation and the high of the feed have Sam coming all over his chest with a a loud cry. 

* 

Sam knows he must have passed out for a few minutes because when he comes to, Benny is cleaning his bite wounds with antiseptic before putting bandages on them. There’s really no need. The bleeding has already stopped and vampires can’t transmit diseases, but Benny likes to do it so Sam lets him. Sam watches from under heavy lids as Benny then gently wipes the tacky come from his stomach and chest with a wet washcloth.

“You haven’t come yet,” Sam observes, hand gesturing feebly at where Benny is still half hard. Benny used to insist on spoiling Sam with orgasms after he fed from him, with no concern for himself, out of some sort of misplaced guilt until Sam told him that orgasms like the one he just had were some of the most intense and intimate sexual experiences that Sam had ever had. And he’d get on his knees right now and remind Benny just how much he enjoys what they just did… only Sam is always a little lightheaded after being fed on. Luckily, he doesn’t have to.

Benny looks up at him with a grin, “Oh I intend to.” He crawls up Sam’s body and peppers kisses between his next words. “Gonna lick you open and get you ready with just two fingers. You’re already so relaxed now, huh, cher? You’ll take them so easily. Then I’m gonna get you in my lap and fuck you up and down on my big ole cock until I come inside your tight little ass. You won’t even have to do anything but hold on. You’d like that wouldn’t you, mon cher?” 

Sam’s cock gives a valiant twitch at the thought of Benny using him like a ragdoll. Benny tugs at Sam’s hair, demanding a response. Sam can only moan and nod, arms tightening around Benny. He’s got a long night ahead of him.

-SBLW anon

OH MY GOD!! I LOVE IT!!

[irradiantsam]

Bit of a short one tonight! Quirks in the forms of an unconscious habit and a pet peeve.

Benny likes to think of himself as a pretty laid back person. He has to be; if he lets himself get too upset the fangs come out, and if the fangs come out, people lose their damn minds. So he meditates, does breathing exercises, everything he can to stay calm and relaxed.

“Would you please stop clickin’ your damn pen before I snap it in half!”

He’s not managing very well right now.

Sam stares at him with open-mouthed surprise, thumb still pressing down on the end of his pen. Slowly, he releases the pressure. And the point of the pen—damn it—clicks into its case.

“Sorry, I didn’t realized it was bothering you,” Sam says. “I’ll stop.”

“Thank you,” Benny says with a soft huff. “And I’m sorry, I shouldn’t’ve yelled.”

“Hey, we all get frustrated sometimes,” Sam says with a quick smile. “I’ll keep it in mind for the future.”

Benny’s still embarrassed, but Sam doesn’t seem overly bothered so he goes back to his own book while Sam turns a page, and things are fine for a little while. After a few minutes, though, Sam starts fidgeting restlessly, fingering the edge of a page without turning it and peeking at Benny every few seconds. With a sigh, Benny puts his book down.

“You all right there, sugar?”

“I’m fine, it’s just that, uh.” Sam smiles awkwardly. “I need to make a note on this passage, and, well. My pen is clicked shut.”

Haaaa! Poor Sam lol, Benny is going to need to get him some pens with caps. I really liked this, it’s funny and interesting. Usually Benny is written as a teddy bear, it’s nice to see a less perfect side to him :) I love how you included Benny’s thought process about how he had to learn to stay calm or he’d freak people out. It’s nice that he trusts his relationship with Sam enough to let his irritation show.

[irradiantsam]

Hi, this is your SBLW anon! Anything you're craving this week? Or desperately wish to avoid? (also sorry to send this just now, I've been away from my computer most of the day)

Hey there, no worries at all! I don’t usually get the chance to come online until the evening anyway.

Things I’m not a fan of are shotgunning, blowjobs (this is kind of a trigger for me, mentioning them is fine, just nothing graphic please), top!Sam, and nothing too dark with this ship (“enemies” to lovers is awesome and Benny consensually feeding from Sam is A+, but nothing darker than that).

As long as those are avoided, I’m pretty cool with anything you want to send! If you need some direction, I do love first time, early relationship stuff where they’re initially keeping their relationship secret and have to sneak in kisses and sexy times, emotional hurt/comfort esp with hurt!Sam, Benny being able to manhandle Sam 👀, touch starved!Sam (basically a reason for lots of cuddling), Dean initially being hella wary of their relationship and protective of Sam, and I’m a sucker for the ‘oh no Dean kicked me out of our shared room to have sex with the cute waitress, and now Benny and I have to share a bed 😮’ trope.

[prasanththampi]

IIBM ongoing exam answer sheets provided whatsapp 91 9924764558

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Principles & Practices of Banking Section A: Objective Type & Short Questions (30 Marks)  This section consists of Multiple Choice & Short Note type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 4 marks each. Part One: Multiple Choices: 1. Frequency of First Tranche Returns is: a. Weekly b. Monthly c. Monthly/quarterly d. Monthly/quarterly/half-yearly 2. An order for winding up a banking company can be issued by___________ a. The High Court b. The RBI c. The Central Government d. The Supreme court 3. Who shall be natural guardian in case of married minor girl? a. Father b. Brother in law c. Father-in-law d. Husband 4. X a partner in the firm XYZ Co. wants to open a Bank account in the firm‟s name. It will require signatures of: a. All partners b. Any one of the partner c. Managing partner only d. Sleeping partner not required 5. Public limited companies should have minimum shareholders, before Opening Bank account. a. 11 b. 7 c. 5 d. 15 6. If the beneficiary is government then the Expiry of guarantee is governed by the „law of limitation‟ ranging from 3 years to a. 15 years b. 30 years Examination Paper of Banking & Financial Services Management 2 IIBM Institute of Business Management c. 20 years d. 10 years 7. Charge created on LIC Policy is a. Lien b. Hypothecation c. Pledge d. Assignment 8. The device that combines the parallel input data into single serial output data is known as a. Switcher b. Multiplexer c. Encoder d. Front end processor 9. In market skimming pricing strategy: a. Initially price is lower and then it is increased b. Initial price is high and is maintained high c. Initial price is low and is maintained low d. Initially price is higher and then it is reduced 10. The marketing personnel need information _________intervals. a. At yearly b. At quarterly c. At monthly d. On a continuous basis and regular Part Two: 1. Discuss the role of RBI in Indian Banking sector. 2. Write short notes on: a. Repo Rate b. Reverse Repo Rate. 3. Write short notes on: a. Bank Lien b. Right of set off 4. What is cash credit means? Section B: Caselets (40 marks)  This section consists of Caselets.  Answer all the questions.  Each caselet carries 20 marks.  Detailed information should form the part of your answer (Word limit 200 to 250 words). END OF SECTION A Examination Paper of Banking & Financial Services Management 3 IIBM Institute of Business Management Caselet 1 There is a lacuna in the present T-Bill auction system of RBI. The dealers (investors) are subject to what is called the „Winners Curse‟. The value of a T-Bill to a dealer is the price it can fetch in the secondary market. This is an unobserved random value, which is likely to be common to all dealers. It is quite unlike the works of art which the Sotheby‟s would place at an auction. The price of Mona Lisa, say, to an avid collector of Da Vinci‟s paintings, would be more than what a Picasso collector would value it. In sharp contrast, market participants are likely to agree on the price of a T-Bill in the secondary market. Now winning an auction in a discriminatory price method may not be profitable. For, it would mean that the winner has overestimated the T-Bill value. Questions: 1. How does the winner in such an auction become the loser due to the „winner curse‟? 2. Explain the role of primary dealers in the money market. Caselet 2 In a bid to familiarize banks, exporters and other financial bodies with „Forfeiting‟, the State Bank of India (SBI) will soon be setting up a three-man cell at its international division in Mumbai for advisory purposes. According to Mr. D. Ian Guild, Senior Advisor, Forfeiting & Syndications Group, Standard Bank, the cell was being set up after a series of meetings with the bank, and is essentially aimed at spreading the message of Forfeiting as an effective trade financing mechanism to increase exports. Suggesting that forfeiting was the ideal springboard for effecting a quantum jump in exports in the medium-term, Mr. Guild said he was confident of aggregating forfeiting business of $100 millions in 1998 and $250 millions in 1999 in the country. Since its introduction in 1992, Exim Bank had facilitated 69 forfeiting transactions valued at around $75 millions, with credit periods ranging between 90 days and seven years, and covering the export of goods ranging from textiles to plant and machinery. The RBI has now permitted all commercial banks to act as facilitators for forfeiting transactions. Mr. Guild pointed out that forfeiting has not really taken off in India because exporters and commercial banks lacked the knowledge of the mechanics of the scheme. In India, the real challenge would be to motivate small and medium exporters to use the forfeiting route for exports to countries which may not be able to buy on cash terms. Mr. S. Bhattacharya, deputy general manager, Exim Bank, Calcutta, said: “Payment defaults by overseas buyers were an integral part of cross-border business and export credit insurance has not been a comprehensive answer to this problem”. Forfeiting offered an alternative solution, especially to exporters wishing to penetrate difficult markets for the first time, he pointed out. Some of the top international forfeiters in the world have stopped accepting forfeiting documents involving Pakistan and Russia, according to Mr. Amitabh Mehta, Trader and Originator, Forfeiting and Syndications group, Standard Bank London Ltd. (SBLL). According to Mr. Mehta, forfeiting transactions involving Pakistan could not be carried out due to poor performance of the banks there. In addition, the financial status of Pakistan following the nuclear blasts has made it impossible to carry out the transactions. Similarly, transactions with Russia are being totally rejected by forfeiting due to the current economic turmoil. Joining the list with Pakistan and Russia are Iraq, Sudan and Nigeria, he added. Commenting on the Indian situation, Mr. Mehta said, “With its sound banking system, the country is well placed in the international scene. In fact, there is tremendous potential for forfeiting in the years to come,” he said. According to him, even after the nuclear tests conducted by India, the top forfeiters were not worried and continued to accept forfeiting papers to be transacted with India. Examination Paper of Banking & Financial Services Management 4 IIBM Institute of Business Management Questions: 1. Discuss the mechanism of forfeiting and the role played by banks in forfeiting transactions. 2. How does forfeiting differ from factoring? Section C: Applied Theory (30 marks)  This section consists Long Questions.  Answer all the questions.  Each question carries 15 marks.  Detailed information should form the part of your answer (Word limit 150 to 200 words). 1. What are the various approaches to capital adequacy? Explain Basel II norms and minimum capital requirements in Basel II norms. 2. What do you mean by non Performing Assets (NPA)? How have NPAs affected financial health of Indian commercial banks? END OF SECTION B END OF SECTION C Examination Paper of Banking & Financial Services Management 5 IIBM Institute of Business Management IIBM Institute of Business Management Examination Paper MM.100 Financial Services Section A: Objective Type & Short Questions (30 Marks)  This section consists of Multiple Choice & Short Note type questions.  Answer all the questions.  Part One carries 1 mark each & Part Two carries 5 marks each. Part One: Multiple Choices: 1. NBFS stands for ___________ 2. ALCO is a decision making unit responsible for balance sheet planning from risk return perspective. (T/F) 3. A contract of „Indemnity‟ is one whereby: a. A person tries to use the other‟s property b. A person promises to save the other‟s property from loss caused. c. A person tries to trick the property of other for some other person. d. None 4. The transaction between the lessor and the lessee being a demand sale is called__________ a. First sale b. Second sale c. Third sale d. Fourth sale 5. Which of the following is comes under mutual funds? Open-end funds Closed-end funds Both (a) & (b) None 6. Concept of leasing involves: a. Lessor b. Lessee c. None d. All 7. CRISIL stands for____________ 8. ____________are issued by the government for period ranging from 14 days to 364 days through regular auctions. a. Treasury Bills b. Commercial Papers Examination Paper of Banking & Financial Services Management 6 IIBM Institute of Business Management c. Call Money Market d. None 9. The practice of discounting accommodation bills is known as _____________ 10. HUDCO stands for _____________ Part Two: 1. Explain about SEBI guidelines to merchant bankers. 2. List the different types of Factoring. 3. Write a short note on venture capital in India. 4. Write a short note on Depositories. Section B: Caselets (40 marks)  This section consists of Caselets.  Answer all the questions.  Each caselet carries 20 marks.  Detailed information should form the part of your answer (Word limit 200 to 250 words). Caselet 1 Sunlight Industries Ltd manages its accounts receivables internally by its sales and credit department. The cost of sales ledger administration stands at Rs 9 crore annually. It supplies chemicals to heavy industries. These chemicals are used as raw material for further use of are directly sold to industrial units for consumption. There is good demand for both the types of uses. For the direct consumers, the company has a credit policy of 2/10, net 30. Past experience of the company has been that on average 40 per cent of the customers avail of the discount while the balance of the receivables are collected on average 75 days after the invoice date. Sunlight Industries also has small dealer networks that sell the chemicals. Bad debts of the company are currently 1.5 per cent of total sales. Sunlight Industries finances its investment in debtors through a mix of bank credit and own longterm funds in the ratio of 60:40. The current cost of bank credit and long-term funds are 12 per cent and 15 per cent respectively. There has been a consistent rise in the sales of the company due to its proactive measures in cost reduction and maintaining good relations with dealers and customers. The projected sales for the next year are Rs 800 crore, up 15 per cent from last year. Gross profiles have been maintained at a healthy 22 per cent over the years and are expected to continue in future. With escalating cost associated with the in-house management of debtors coupled with the need to unburden the management with the task so as to focus on sales promotion, the CEO of Sunlight Industries is examining the possibility of outsourcing its factoring service for managing its END OF SECTION A Examination Paper of Banking & Financial Services Management 7 IIBM Institute of Business Management receivables. He assigns the responsibility of Anita Guha, the CFO of Sunlight. Two proposals, the details of which are given below, are available for Anita‟s consideration. Proposal from Canbank Factors Ltd: The main elements of the proposal are: (i) Guaranteed payment within 30 days (i) Advance, 88 per cent and 84 per cent for the resource and non-recourse arrangements respectively (iii) discount charge in advance, 21 per cent for with resource and 22 per cent without resource (iv) Commission, 4.5 per cent without resources 2.5 per cent and with resource. Proposal from Indbank Factors: (i) Guaranteed payment within 30 days (ii) Advance, 84 per cent with resource and 80 per cent without resource (iii) Discount charge upfront, without resource 21 per cent and with resource, 20 per cent and (iv) Commission upfront, without resource 3.6 per cent and with resource 1.8 per cent. The opinion of the Chief Marketing Manager is that in the context of the factoring arrangement, his staff would be able to exclusively focus on sales promotion which would result in additional sales of Rs 75 crore. Required The CFO of Sunlight Industries seeks your advice as a financial consultants on the alternative proposals. What advice would you give? Why? Calculations can be upto one digit only. Caselet 2 Following are the financial statements for A Ltd and T Ltd for the current financial year. Both firms operate in the same industry. BALANCE SHEETS Particulars Firm A Firm B Total current assets Rs 14,00,000 Rs 10,00,000 Total fixed assets (net) 10,00,000 5,00,000 _____________ __________ Total assets 24,00,000 15,00,000 _____________ ___________ Equity capital (of Rs 10 each) 10,00,000 8,00,000 Retained earnings 2,00,000 _ 14% Long-term debt 5,00,000 3,00,000 Total current liabilities 7,00,000 4,00,000 _____________ ___________ 24,00,000 15,00,000 INCOME STATEMENTS Net sales Rs 34,50,000 Rs 17,00,000 Cost of goods sold 27,60,000 13,60,000 __________ ___________ Gross profit 6,90,000 3,40,000 Operating expenses 2,96,923 1,45,692 Interest 70,000 42,000 __________ ___________ Earnings before taxes (EBT) 3,23,077 1,52,308 Taxes (0.35) 1,13,077 53,308 Earnings after taxes (EAT) 2,10,000 99,000 Examination Paper of Banking & Financial Services Management 8 IIBM Institute of Business Management Additional information: __________________________________ Number of equity shares 1,00,000 80,000 Dividend payment (D/P) ratio 0.40 0.60 Market price per share (MPS) Rs 40 Rs 15 __________________________________ Assume that the two firms are in the process of negotiating a merger through an exchange of equity shares. You have been asked to assist in establishing equitable exchange terms, and are required to: (i) Decompose the share prices of both the companies into EPS and P/E components, and also segregate their EPS figures into return on equity (ROE) and book value of intrinsic value per share (BVPS) components. (ii) Estimate future EPS growth rates for each firm. (iii) Based on expected operating synergies, A Ltd estimates that the intrinsic value of T‟s equity share would be Rs 20 per share on its acquisition. You are required to develop a range of justifiable equity share exchange ratios that can be offered by A Ltd‟s shareholders. Based on your analysis in parts (i) and (ii), would you expect the negotiated terms to be closer to the upper, or the lower exchange ratio limits? Why? (iv) Calculate the post-merger EPS based on an exchange ratio of 0.4 : 1 being offered by A Ltd. Indicate the immediate EPS accretion or dilution, if any, that will occur for each group of shareholders. (v) Based on a 0.4 :1 exchange ratio, and assuming that A‟s pre-merger P/E ratio will continue after the merger, estimate the post-merger market price. Show the resulting accretion or dilution in pre-merger market prices. Section C: Applied Theory (30 marks)  This section consists of Long Questions.  Answer all the questions.  Each question carries 15 marks.  Detailed information should form the part of your answer (Word limit 150 to 200 words). 1. What do you mean by money market? Discuss money market instruments in detail. 2. What is leasing? Explain about the advantages and disadvantages of lease finance. S-2-300813 END OF SECTION B END OF SECTION C

[jamesnovakwinchester]

SBLL anon again! Nice to "meet" you, too, Rose :) Just a few more questions. If you had to choose a couple of AU scenarios to put Sam & Benny in, what would you choose? Like professor!Sam, coffee shop au, etc. Also, is Benny drinking blood from Sam a trope you're okay with for day 2?

Hello, again!

Oooh, I’m a big fan of professor!Sam. Also, I like bakery AUs more than coffee shop AUs. Also, I’m a big fan of pirate aus and cowboy/western aus, just throwing that out there. 

And yes, Benny drinking from Sam is fine.