Guía de FCC 2 Flashcards
Risk
probability of economic losses due to unforeseen events or market fluctuations.
Transactional risk
risk of conducting operations abroad
Business risk
the risk related to the industry
Exchange rate risk
(riesgo cambiario) where the value of the firm’s noperation or investment will be affected by the changes in exchange rate
Arbitrageur
intermediario que hace que las transacciones sean menos riesgosas. Person involved in the process of buying and selling for it to be less risky. (it can be in various markets)
Secure loan and insecure loan
garantía de por medio, sin garantía de promedio
Garantía
Collateral
5 C of credit
Character, Capacity, collateral, Conditions, Capital
Unsecure debt.
Source of financing that doesn’t require a collateral and it just bases on the feith. Ex. Trade Credit
Commercial paper
Represents secure provisiory notes issued to the public by large corporations or companies. Se comercializa en unidades de 25 mil dolares como mínimo. Short term
Certificate of deposit
short term
Tax shield
ahorro fiscal, todo va en funcion de gastos deducibles de impuestos. Todo lo posible por rebajar la cantidad de lo que te calculan el impuesto. (short and long term)
Short term
menos de un año, trade credit, commercial paper, tax shield (both), certificate of deposit, factoring, pledging
Long term
más de un año: bonds, mortgage, acciones, leasing, bank loan
Examples of developments banking in mexico (homework):
FIRA, BANCOMEX, BANCO DEL BIENESTAR, BANJERCITO, BANOBRAS, NAFIN
Principal objetivo de _______:
promover el creciemiento
Safety stock
the amount of capital saved by the owners for emergencys, internal, long term
Sources of unsecured terms:
trade credit and commercial paper
Sources of secure debt
certificate of deposit
cost benefit analysis
Tecnique of comparing cost and profits
Cash discount
5/15 net 50 (Cinco porciento de descuento en los primeros quince días cuando tienes un plazo máximo de 50) Descuento, plazo pagado, plazo máximo. (descuento por pronto pago)