Archive for the ‘Financial Services’ Category

Gic Canada All You Want To Know About Guaranteed Investment Certificate}

Submitted by: Thomas Jones

A kind of Canadian investment, Guaranteed Investment Certificate or GIC boasts a feature where the yield is assured over a fixed interval. This is a somewhat safer investment, and so yields lower gains in contrast to stocks, securities and mutual funds. GIC’s are generally supplied through bankers or trust businesses. These safe Canadian investment options accumulate interest on a fixed rate, adjustable rate, or as per a market-dependent index. Using these programs you might invest an amount of money for a time-frame that is reliant on the explicit type of GIC that you decide on. Normally these time-frames deviate substantially and would typically stretch from around 1 day to 10 years.

Longer term investments may probably gain better interest when compared with shorter term kinds. Once your Guaranteed Investment Certificate reaches the maturity you can easily accept not only your primary amount of cash, nonetheless the accrued interest too. A few Canadian Guaranteed Investment Certificates require that the cash you commit actually is typically ‘locked in’ for a fixed interval. Several other GIC’s could permit you to take out your cash earlier than the end of their period. It’s as well easy for you to come across Guaranteed Investment Certificates that permit you to contribute to your upfront money sum by paying weekly, biweekly or monthly payouts.

Guaranteed Investment Certificates are offered in redeemable or non-redeemable types. As discussed before, you might find some GIC’s that let you pull out your money all through the period. It is termed as ‘redeemable.’ By means of redeemable schemes, you’ll be able to pull out your money ahead of the period ends. Some redeemable GIC’s specify that you could get less interest whenever you cash out ahead of the end of term. The non-redeemable types don’t provide cashing in prior to the maturity date. Non-redeemable GIC’s could offer better interest rates in contrast to redeemable variants. Guaranteed Investment Certificate will be granted with both fixed and/or adjustable rates of interest.

A fixed rate GIC accrues interest by a predetermined rate and as such is going to be fixed all over the period of the investment. The best selling point of fixed rate GIC’s is that you’re able to forecast specifically what the whole worth of your investment when the period ends. Variable rate Guaranteed Investment Certificates are usually connected to the Canadian prime apr or to stock-market yields. For interest-rate associated GIC, you’re assured that your money will increase, still you do not understand at what rate until maturity. For market-associated GIC’s, it is easy for you to earn more in case the stock market flourishes, nonetheless your initial investment is definitely secured in any case.

The biggest reward presented by this type of investment is safety. Your principal money invested is secured. Through fixed-rate GIC’s it’s also simple for you to enjoy guaranteed profits and know precise worth at maturity. GIC’s are highly regarded to offer great interest levels. Finally, GIC’s are mostly flexible investments. You’re able to gain flexibility in time-frame as well as the number of times you receive money. A Guaranteed Investment Certificate may be suitable investment option for you. To find out more for it do a little research right now!

About the Author: Thomas is an expert in the field. For more information on

GIC Canada

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Best GIC Rates

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Posted on December 2nd, 2018 by eE73Dg  |  No Comments »

The 10 Steps To Take Prior To Filing Bankruptcy

Bankruptcy is very often a time-sensitive process and pre-bankruptcy planning can be critical in protecting assets. Chapter 7, in particular, the trustee’s responsibility is to “look back” at the actions the debtor has taken to insure that there hasn’t been a fraudulent conveyance of assets, a non-allowed preference payment to creditors or other actions that might leave assets exposed. It’s critical, if you are considering bankruptcy, to consider taking the following steps to insure a successful filing:

1. Consult with an attorney. The bankruptcy laws have become so complex that consumers should not attempt to file by themselves. It’s a very risky process to try to do on your own. Since 2005, there is a complicated “Means Test” required, government-approved credit counseling, as well as other changes which made the filing of Bankruptcy much more complicated. Even if you eventually file pro-se (representing yourself) consult an attorney and ask questions about whether bankruptcy is the right alternative for you. You want an attorney that’s there to solve your problems and sees bankruptcy as one of the alternatives. This is particularly critical if you have assets (Home, Car, Cash) that have to be considered and your debts are substantial and varied. If the attorney’s recommendation is still to file for bankruptcy, ask what the benefits are and the costs.

2. Get Your Paperwork in Order When I meet with clients, it is often the case that their paperwork, be it bills, taxes, etc. are not organized in any good manner. This makes it much more difficult and time consuming to evaluate a client’s case. Therefore, it is a very strong suggestion to collect all statements from bill collectors. Go online and get complete addresses of creditors who may have stopped billing you. Check the balances at financial institutions where you bank. Look at your recent tax returns to provide your gross income over the past three years. Basically, get to know your assets and liabilities and have them written out and organized for your lawyer to prepare your case. The more complete you can be in providing a list of your creditors, the less problems or headaches you will have from creditors after your bankruptcy case is over. Once you know that you are going to file, start to save all correspondence that arrives from creditors, collection agencies or others who are trying to collect on a debt. The disclosure requirements have become more stringent so you want to make sure that your have forwarded all of your creditor information to your attorney. If you are unsure of exactly who you may owe, you may want to consider acquiring a copy of your most recent credit reports. Each year you may request a free copy of your credit reports from the three major credit bureaus reporting companies. Those are TransUnion, Equifax and Experian and they can be obtained by going to Even if you are unaware of the creditors listed on your reports, provide those to your attorney anyway. When you seek credit after your filing for a mortgage, auto loan, or personal loan, you want to be able to show that all of the items on your credit report were listed and discharged in your bankruptcy case. The rule to remember is that everyone who is owed is listed on your bankruptcy petition and schedules.

3. Stop Using Your credit cards or incurring more debt. Once you have decided to file a bankruptcy you should stop using credit cards or borrowing money immediately. If you continue to incur new debt prior to filing, it could prompt an objection from the creditor and you may be forced to repay the money. Any recent purchases or advances can be held still due and owing after you file bankruptcy. The rational is that you never intended to pay those debts back and is tantamount to fraud. If you’re seeking a fresh start, do your best to insure that you will in fact receive that fresh start. The credit card issuers are very aware of attempts to run-up the charges on credit cards. This also applied to cash advances. If you take a cash advance s too close to filing bankruptcy, you are likely to see an objection from the credit card issuers. The objection comes in the form of an adversarial complaint. If the creditor is successful in their objection, the amount of the recent advance(s) will be held due and owing after your bankruptcy case.

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4. File your taxes You must file your most recent year’s taxes to qualify for Chapter 7 bankruptcy relief. Although this seems like a simple requirement, you would be amazed at the number of individuals who have not filed their most recent taxes. A copy of the return will be forwarded to your assigned bankruptcy trustee after your case is filed. You must also provide your most recent tax return to any creditor who requests it. Please be prepared to produce the last 2 years returns, both state and Federal.

5. Provide your most recent pay advices You must provide the most recent 60 days worth of paycheck stubs at the time your case is filed. These will be forwarded to your assigned bankruptcy trustee or may be filed with the clerk of the bankruptcy court. This measure is in place to make sure that the amount listed on the petition for monthly income is in fact accurate. If a person receives income from a source other than employment, evidence of that income must be provided just as if a paycheck stub. Once you are aware that you are likely going to file bankruptcy, keep copies all of your paycheck stubs in an organized manner.

6. Don’t sell, give away or transfer ownership of anything prior to filing your bankruptcy case without first discussing it with your lawyer, including money owed to family members. Doing so could allow a bankruptcy trustee to go after the property. Money paid to family members and friends within one year prior to your bankruptcy can be recovered by the bankruptcy trustee. If the amount paid is small, the bankruptcy trustee probably will not care, but it is wise to be cautious. Transferring ownership of property to pay a debt owed to someone could allow the bankruptcy trustee to get the property back as a “preference” payment. Remember, a key concept in bankruptcy is that all of your creditors are entitled to your non-exempt assets equally, this applies to money owed to friends or family members as well.

7. Don’t leave assets off your bankruptcy forms, including lawsuits or claims you may have. The only way to exempt an asset and protect it from the bankruptcy trustee is to list it and exempt in under the applicable New York exemption law, federal exemption law, or other state exemption laws if you have not lived in New York long enough. Intentionally leaving out an asset is a federal crime. The much better choice is to candidly talk about all of your property with your lawyer, through proper pre-bankruptcy planning much can be done to protect assets. If this is not possible perhaps a chapter 13 bankruptcy could solve the problem. Also, if you do not list your claim or lawsuit you may never be able to bring that suit in the future!

8. Don’t take money out of retirement plans, IRA’s or 401K’s. Under almost all circumstances, money in a retirement account is protected from the trustee when you file bankruptcy. However, if you withdraw money from the retirement account, it most likely loses its exempt status and the money may no longer be protected. Talk with your lawyer about this if you really need to withdraw some money. Be particularly careful of taking a loan on a retirement account, as they are almost never dischargeable in bankruptcy.

9. Be careful filing bankruptcy if you are expecting a large tax refund. An income tax refund is considered “cash” under the Bankruptcy Code and a bankruptcy trustee can take most if not all of your refund, if not careful. The better choice is to postpone your bankruptcy if you can, receive the refund, then talk with your lawyer about where to spend the money that will not get you in trouble. This will take some planning and may delay the filing, but pre-filing strategy can be critical.

10. Be Careful putting your name on any Asset. Don’t put your money into someone else’s bank account or put your name on someone else’s account. A lot of people put their name on their elderly parent’s account “just in case.” This is usually a bad idea. If you want to be able to help mom or dad in case of disability or illness, a power of attorney is probably a better choice. Remember: any asset with your name on it is YOURS, even if you never use it (Car title) or contribute to it (bank account). Make sure to be fully candid with your lawyer. Your lawyer cannot give you good advice if he or she doesn’t know all the facts.

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Long Island Bankruptcy AttorneyNassau County Bankruptcy AttorneyManhattan BankruptcyAuthor: Greg Tolland

Posted on November 1st, 2018 by eE73Dg  |  No Comments »

SA P Bi Sample Resume Template

SAP BI Consultant


  • Having X years of experience in SAP-BI as BI Consultant. Have Work experience in different kinds of projects like Implementation and Production Support Projects in SAP BI 7.0, BW 3.5, BPS, Integrated Planning and BOXI 3.0
  • Implemented 4 Full Life cycles as a BI consultant using ASAP methodology for ETL that includes gathering business requirements, analyzing the business process, Identifying and analyzing the Gaps, Implementation, Designing, Configuration, Customization, Unit/Integration testing, Data migration, Go-live and Post-go-live support along with other Post-Implementation and Post Maintenance projects in SD, MM and FICO functional areas.
  • Good knowledge of SAP new generation products like BPC7.0NW,BOBJ Enterprise Tool set(Universe Designer, Web Intelligence, Live office, Xcelsius, SAP Crystal Reports and QAWS
  • Good Experience in BW Extractions, BW Modeling and BEX Reporting, BPS and Integrated Planning
  • Extensive knowledge of SAP BW/BI components and ETL process like creating Info Cubes, Multi Providers, Remote Cubes, Transactional Cubes, Data Marts, Info Source, Info Package, Data Source, Info Objects, ODS (DSO), Update rules, routines, Transfer rules, Process Chains and Event management for Automation process, Transformations in BI 2004s.
  • Created Aggregation Levels, Planning Filters, Planning functions, Planning Sequences, Data Slices, Characteristic Relationships using Integrated Planning
  • Created Multi Planning Area and Modeling of Planning Structures using Planning Area, Planning levels ,Planning functions, Planning packages, Parameter groups and planning sequences using SEM-BPS
  • Developed Planning Functions using Fox programming to process plan/Actual data based on the requirements
  • Experience with implementation, configuration and solving of module-level issues in FICO, FI-SL, CO-PA, FI-GL, LIS, LO, MM, SD, QM, and IM.
  • Strong experience with OLAP reporting in BW and implementation of BEx Analyzer. Worked extensively with BEx Query Designer, BEx Analyzer for developing reports, analysis, and Web reporting.
  • Debugging Data load errors, Delta Queue Monitoring, and Extractor Checker by simulating BW asking for data and Customer Exits. Master/Transaction data testing
  • Hands-on experience on Queries, Calculated and Restricted key figures, Structures, Variables, Exceptions, Conditions, Crystal reports, Authorizations, User profile maintenance, BEx Analyzer, Info set query, RRI, Web reporting and Workbooks.
  • Experience in extracting data from SAP R3/ECC, non-SAP systems, and flat files
  • Good Knowledge in SAPR/3 ABAP/4 Data Dictionary, Editor, BDC, Reports and Scripts.
  • Good team player, Strong team orientation & leadership qualities, hard working and enthusiastic.
  • Very good logical skills suitable for process design, development & implementation.
  • Excellent communication and presentation skills and Customer Oriented attitude.


  • Expertise in creation of info source, info objects maintenance, transformations.
  • Good understanding of Data Modeling using BW Extended Star Schema.
  • Expertise in creation of Basic cube, Remote cube, Transaction cubes and DSO.
  • Involved in managing of Info cube, which involves Info cube content, performance issues like Indices, Statistics, compression of Info cube and rolling up the data to the aggregates.
  • Expertise in Business Explorer Analyzer for Reporting.
  • Expertise in Generic Extraction of Table, Views and function Module
  • Knowledge in Web Application Designer.
  • Created DSO objects for data staging in BW.
  • Good Knowledge in Business Content objects and creation of multi providers and info set.
  • Expertise in Performance Tuning Concepts like Compression, Aggregates, Partitioning, Indices and Line item Dimension.
  • Experience in Building and enhancing BI objects that include Info Objects, Data Sources, Transformations, DTP, DSO, Info Cubes, Multi-providers, Info set and Open Hub.
  • Creation of Info Packages , info package groups and Process chain maintenance
  • As part of Quality management standards to deliver the objects in quality performed Unit testing and recorded the test results in unit test cases documents in Quality Center Tool
  • Extensively worked on ETL from Customer generated application specific generic extractors LIS, LO, CO-PA and SAP BW/BI 7.0 content.
  • Knowledge in ABAP/4 Data Dictionary, Editor, BDC, Reports and Smart forms
  • Experience in process chain management, Monitoring and scheduling the batch jobs
  • Good understanding of ASAP implementation methodology.

Technical Skills:


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Reporting Tools : Bex Analyser, WAD,Report Designer,Webi,Crystal Report

Operating Skills : MS-DOS, WINDOWS’95/98/NT, WINDOWS 2000

Languages : ABAP/4, C, C++, Java

Internet Technologies : HTML, JAVA SCRIPT

Database : ORACLE 9i.

Educational Qualification:



Environment: SAP-BI 7.0, Oracle DB


  • Developed Custom Aggregation Levels, Filters, Planning Functions and Planning Sequences required for various applications like Trail Balance, Consolidation of Cost Center Actual, Profit Center Actual and Balance Sheet Actual applications.
  • Developed Virtual Cube to fetch exchange rates stored in TCURR table at runtime
  • Developed Consolidated P&L , Balance Sheet trend reports, monthly, Yearly and Year to date showing with Actual vs Budget, Actual vs. Forecast data and integrated them into several financial reporting workbooks
  • Remodeled Cost center Planning, Profit Center Planning, Balance Sheet Planning cubes developed in prior phase in order to maintain company code and group currency Key figure to support consolidation data.
  • Maintained Characteristic relationship to derive company code, profit center while planning in planning applications by planners
  • Developed Currency Translation function by using Formula type Planning function to transfer currency from different local currencies to group currency as per exchange rates (PLN,MTD and YTD) maintained in TCURR table in all planning applications developed in prior phase.
  • Developed transactional cubes for Consolidation of Cost center actual, Profit Center Actual and G/L Actual and involved in loading of actual data from 0CCA_C11,0PCA_C01,0FIGL_C01 to the Cost center Actual, Profit Center Actual and Balance Sheet Actual cubes.
  • Developed Balance Sheet transaction Cube to maintain Balance sheet plan data.
  • Used APD technology to display four months of AR details in “61days past overdue” report.
  • Created Process Chains to automate the data load and data target administration and monitored the processes.
  • Developed formula type planning functions to derive P&L and B/S eliminations
  • Maintained different hierarchies with accounts relevant for CCA, PCA applications similar to Account group in R/3 in order to send data from Trail balance to corresponding applications.
  • Developed Start routine in order to load accounts relevant to B/S to Balance sheet cube based on ‘B/S flag’ maintained in master data.
  • Developed planning functions to Send TB data to CCA Cons, PCA Cons and GL Cons.
  • Developed different planning workbooks, Input Queries required for CCA,PCA and Balance Sheet Applications and integrated planning sequences to buttons in the workbooks.
  • Created different Currency translation types, exchange rate types by using RSCUR t.code and used in currency translation planning function type for currency translation.
  • Developed Monthly, Yearly and YTD P&L, Balance Sheet reports and created text, characteristic, formula variables with customer exit processing type.

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About Author: Maria Sona

Posted on August 28th, 2018 by eE73Dg  |  No Comments »

Global Verge And Others

By Ryan Paulin

Global Verge was a promising company that was going to offer users an alternative to paying high prices for their phone and internet service. However, they seemed to have floundered before they were even able to launch. One of the biggest mistakes that they made is not sticking to their deadlines, in fact, they were supposed to launch on July 1st and ended up having to refund all of the money that they took in back to their customers. While Global Verge might be on the verge of collapse, there are plenty of other great companies that are willing and able to be sustainable. One of the largest and promising is Financial Direct Incorporation, better known as FDI.

One of the biggest mistakes that Global Verge made was having a wide range of shady relationships with other multi level marketing companies. While partnerships in business are not usually a problem, having a relationship with so many different companies and not giving your users the full information can lead to doubts and business failure. FDI is a company all within itself. The only other company that it has partnered with is with a leading telecommunications company in the United States to help provide services.

When a distributor goes into a relationship with a company, they are expecting that they will be able to distribute products. However, when Global Verge began to suffer from problems, distributors were left up in the air and left to recover after spending their time and money on a company that will never get off the ground. FDI is offering distributors a no risk system. Not only are you only given products when you need them, but the phones and other systems sell themselves due to their low price and easy to use feel. You will never be left holding the ball with thousands of leftover products, you just have the products that you want and need.

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Distributors who are working with FDI also are getting more commissions in more ways. Unlike Global Verge that was just selling phone service, FDI is focusing on the entire telecommunications suite. Whether you want to sell home phone, office phone, mobile phone or internet, you should be able to find plenty of customers who are looking to lower the cost of their service. Some of the benefits of the services including the mobile phones that are coming with the service from Financial Direct Incorporation are amazing. For example, mobile phones are able to do video calling, something that has never been seen before with a mobile phone.

Another revolutionary part of the phones that Financial Direct Incorporation are selling is the fact that they can call while you are in an airplane. No airlines in the United States currently support this, but within a few years you may see one or two airlines begin to support it, and you can take advantage of it for free! That’s right, Financial Direct Incorporation is not going to charge its customers for calls made from aircraft.

About the Author: Want to learn the TRUTH about MLM and making money with

FDI International

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Posted on May 17th, 2017 by eE73Dg  |  No Comments »