|
|
Direct costs of financial distress |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Direct costs of financial distressCosts such as fees or penalties incurred as a result of bankruptcy or liquidation proceedings.Direct costs of financial distress Similar MatchesIndependent financial adviserIndependent financial adviserA person qualified to give financial advice to clients on life assurance, pensions, funds, and other financial products, who is not tied to any one financial institution.A financial adviser may charge his clients a fee for his advice, and, depending on his contract with product providers, may also receive a commission on the products which the client buys.In theory, an IFA's recommendations should be based on which company and products best suit the needs of the client, not on the level of commission he receives.In contrast, a company representative or tied agent is a financial adviser who is authorised to recommend only the products of the company he represents, so his advice is partial.Financial advisers have to make it clear to their clients whether they are independent or tied. Swiss Options and Financial Futures Exchange (SOFFEX)Swiss Options and Financial Futures Exchange (SOFFEX)The Swiss derivatives market with the first fully electronic trading system in the world, now called Eurex Zurich AG. Financial planningFinancial planningThe service provided by a financial planner. This is a long term service provided for clients which considers all their financial affairs and which develops a plan for their financial objectives to be achieved. The plan is regularly reviewed to ensure goals remain on target with modifications being made as necessary. London International Financial Futures and Options ExchangeLondon International Financial Futures and Options ExchangeA futures and options exchange, located in London, which originally dealt only in financial instruments including equities (shares), government bonds, indices (such as the FTSE 100 Index) interest rates and a wide range of currencies. In 1996, LIFFE merged with the London Commodity Exchange with unified administration and exchange systems. All trades of the merged exchange are guaranteed by the London Clearing House (LCH). LIFFE is a Recognised Investment Exchange (RIE), regulated by the Financial Services Authority (FSA). Financial leverageFinancial leverageUse of debt to increase the expected return on equity. Financial leverage is measured by the ratio of debt to debt plus equity. Further SuggestionsIndirect costs of financial distressFinancial distress costs Society for Worldwide Interbank Financial Telecommunications (SWIFT) Financial strategy Integrated financial market Financial service income Financial institution Financial supermarket Corporate financial planning financial strength Financial Services Authority Financial price risk Financial engineering Financial market Short term financial plan Amman Financial Market (AFM) Financial instrument financial futures Financial guarantee insurance Nonfinancial services Financial capital Financial Services Act 1986 Financial lease Notes to the financial statements Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) |
|
|
|