Saleable assets – Brl Speak http://brlspeak.net/ Wed, 15 Jun 2022 04:07:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://brlspeak.net/wp-content/uploads/2021/11/brl-160x160.png Saleable assets – Brl Speak http://brlspeak.net/ 32 32 5 years of IBC: Loans taken out for telecoms, oil assets gobbled up Videocon https://brlspeak.net/5-years-of-ibc-loans-taken-out-for-telecoms-oil-assets-gobbled-up-videocon/ Wed, 15 Jun 2022 00:34:00 +0000 https://brlspeak.net/5-years-of-ibc-loans-taken-out-for-telecoms-oil-assets-gobbled-up-videocon/ So far, the course of the Insolvency and Bankruptcy Code has been mixed. The steel sector has proven to be one of the main beneficiaries of the Code. But insolvency proceedings for big companies like Reliance Communications and Videocon have been derailed, in part because of litigation. The Reserve Bank of India’s […]]]>



So far, the course of the Insolvency and Bankruptcy Code has been mixed. The steel sector has proven to be one of the main beneficiaries of the Code. But insolvency proceedings for big companies like Reliance Communications and Videocon have been derailed, in part because of litigation. The Reserve Bank of India’s decision not to allow asset reconstruction companies to bid on troubled assets has further prolonged the insolvency process.


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First published: Wednesday, June 15, 2022. 06:04 IST

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The Market for Smart Connected Assets and Operations is Booming Globally https://brlspeak.net/the-market-for-smart-connected-assets-and-operations-is-booming-globally/ Tue, 14 Jun 2022 10:44:46 +0000 https://brlspeak.net/the-market-for-smart-connected-assets-and-operations-is-booming-globally/ According to research experts from Qurate Research, “Global Intelligent connected assets and operations Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth studies covering many aspects of the global Smart Connected Assets and Operations industry. It is an admirable effort to offer a true […]]]>

According to research experts from Qurate Research, “Global Intelligent connected assets and operations Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth studies covering many aspects of the global Smart Connected Assets and Operations industry. It is an admirable effort to offer a true and transparent picture of the current and future conditions of the global smart connected assets and operations market, based on credible facts and exceptionally accurate data.

“Global Smart Connected Assets and Operations Market Overviews, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028,” according to a report by Qurate Research. Several in-depth research studies on various facets of the global smart connected assets and operations market are included in the report. It is a commendable effort to present a true and transparent view of the existing and future situations of the global Smart Connected Assets and Operations market based on reliable facts and extraordinarily accurate statistics.

The main players profiled in this report are:

Intel
Cisco Systems
IBM Corporation
Arm support
General Electric
Texas Instruments
Semiconductor cypress
Rockwell Automation
Stmicroelectronics
Arm support
General Electric

Key Segmentation of the Smart Connected Assets and Operations Market:

Segmentation of product types

Material
APM software and platform
Service

Industry segmentation

Automotive and transportation
Energy and power
Health care
Smart farming
Factory automation

Scope of Smart Connected Assets and Operations Market Report:
The research examines the major players of the global Smart Connected Assets and Operations market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments and other factors. It also sheds light on the vendor landscape, helping players to forecast future competitive moves in the global Smart Connected Assets and Operations industry.

This study estimates the market size in terms of value (million USD) and volume (million units) (K units). Both top-down and bottom-up techniques have been used to estimate and validate the market size of the Smart Connected Assets and Operations market, as well as the size of various other dependent submarkets in the overall market. To identify significant players in the market, secondary research was used, and both primary and secondary research were used to determine their market shares. All breakdowns and percentage breakdowns have been calculated using secondary sources and verified sources.

The updated market report is available at the link below:@ https://www.qurateresearch.com/report/buy/ICT/global-smart-connected-assets-and-operations-market/QBI-BIS -ICT-940284/

The COVID-19 pandemic has had a major influence on the Smart Connected Assets and Operations industry. In the second quarter, the sector showed signs of recovery around the world, but the long-term recovery remains a concern as COVID-19 cases continue to rise, especially in Asian countries like India. series of setbacks and surprises. As a result of the outbreak, many shifts in buyer behavior and thinking have occurred. As a result, the industry is even more stressed. As a result, market expansion should be limited.

Smart Connected Assets and Operations Market Region Majorly Focusing On:
— Europe Smart Connected Assets and Operations Market (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, United Kingdom),
– Connected smart assets and operations market in Asia-Pacific and Australia (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia and Japan),
— The market for smart connected assets and operations in the Middle East and Africa (Saudi Arabia, South Africa, Egypt, Morocco and Nigeria),
– Latin America/South America Smart Connected Assets and Operations Market (Brazil and Argentina), – North America Smart Connected Assets and Operations Market (Canada, Mexico and United States)

A sample free report from Qurate Research includes: FREE PDF SAMPLE
1) Introduction, Overview and In-Depth Industry Analysis for 2021 Updated Report
2) Impact analysis of the COVID-19 outbreak
3) A research report of more than 205 pages
4) Upon request, provide chapter-by-chapter assistance.
5) Updated regional analysis for 2021 with graphical representation of size, share and trends
6) Includes an updated list of tables and figures.
7) The report has been updated to include business strategies, sales volume, and revenue analysis of key market players.
8) Methodology of facts and factors for research

The main questions answered by this report are:
• How to get a free copy of Smart Connected Assets and Operations market sample report and company profiles?
• What are the major drivers for the expansion of the Smart Connected Assets and Operations market?
• What is the anticipated size and growth rate of the Smart Connected Assets and Operations market?
• Who are the leading companies in the smart connected assets and operations market?
• Which market segments does the Smart Connected Assets and Operations market cover?

Contents:

Chapter 1 Smart Connected Assets and Operations Market Introduction
Chapter 2 Executive
2.1 Synopsis of Smart Connected Assets and Operations 3600 Market, 2018-2028
2.1.1 Industry trends
2.1.2 Material trends
2.1.3 Product trends
2.1.4 Operating trends
2.1.5 Distribution channel trends
2.1.6 Regional trends

Chapter 3 Smart Connected Assets and Operations Market Overview
3.1 Industry Segmentation
3.2 Industry Ecosystem Analysis
3.2.1 Component Suppliers
3.2.2 Producers
3.2.3 Profit Margin Analysis
3.2.4 Distribution Channel Analysis
3.2.5 Impact of COVID-19 on the market value chain
3.2.6 Vendor Analysis
3.3 Technology landscape
3.4 Regulatory landscape
3.4.1 North America
3.4.2 Europe
3.4.3 Asia-Pacific
3.4.4 Latin America
3.4.5 Middle East and Africa
3.5 Price Analysis (including impact of COVID-19)
3.5.1 By region
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia-Pacific
3.5.1.4 Latin America
3.5.1.5 Middle East and Africa
3.5.2 Cost structure analysis
3.6 Industry impact forces
3.6.1 Drivers of growth
3.6.2 Industry Disadvantages and Challenges
3.6.2.1 Focus on weight reduction
3.7 Innovation & sustainability
3.8 Growth Potential Analysis, 2020
3.9 Competitive landscape, 2020
3.9.1 Company Market Share
3.9.2 Main players
3.9.3 Strategy Dashboard
3.10 Porter’s analysis
3.11 PILON analysis

Chapter 4 Disclaimer

A question? Inquire here for discount or report customization

Contact us:

Nehal ChinoyQurate Business Intelligence Pvt ltd.
Web: www.qurateresearch.com
E-mail:[email protected]
Phone: USA – +13393375221

*Thank you for reading this article ; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.




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Dollar at two-decade high as risky assets sell off; the yen regains ground https://brlspeak.net/dollar-at-two-decade-high-as-risky-assets-sell-off-the-yen-regains-ground/ Mon, 13 Jun 2022 19:09:00 +0000 https://brlspeak.net/dollar-at-two-decade-high-as-risky-assets-sell-off-the-yen-regains-ground/ Dollar index up 0.6%; all eyes on Wednesday’s Fed decision Cryptocurrencies Plunge; Bitcoin down 20% NEW YORK, June 13 (Reuters) – The safe-haven U.S. dollar hit a new two-decade high against a basket of currencies on Monday, buoyed by fears of a global economic slowdown and bets on strong interest rate hikes by the US […]]]>
  • Dollar index up 0.6%; all eyes on Wednesday’s Fed decision
  • Cryptocurrencies Plunge; Bitcoin down 20%

NEW YORK, June 13 (Reuters) – The safe-haven U.S. dollar hit a new two-decade high against a basket of currencies on Monday, buoyed by fears of a global economic slowdown and bets on strong interest rate hikes by the US federal government. Reserve.

Global financial markets continued to benefit from warmer-than-expected US inflation data on Friday, which led to a broad-based increase in risk aversion and fueled bets on even more aggressive policy tightening. Read more

On Monday, government bonds sold off and stock markets around the world were hit hard. Read more

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“The USD extended its gains from Friday as risk continues to dissipate across the board,” Brad Bechtel, global head of FX at Jefferies, said in a note.

The U.S. dollar currency index, which tracks its performance against six other major currencies, rose 0.6% to 105.04, after hitting its highest level since December 2002.

Traders have a lot to do this week, including policy meetings from the Fed, Bank of England and Swiss National Bank.

The US Federal Reserve is expected to raise its benchmark rate by 50 basis points on Wednesday, with some, including Barclays and Jefferies, expecting the Fed to opt for a 75 basis point move.

“A 75 basis point (bps) move is definitely going to come as a surprise to some who are holding a hard line on 50 basis points,” Bechtel said, adding that he expects the index to dollar rises on such a move.

The battered Japanese yen, floundering near lows against the dollar not seen since 1998, was one of the major currencies rising against it on Monday.

The yen found some support in comments from Japan’s top government spokesman that Tokyo is concerned about its steep fall and stands ready to “respond appropriately” if necessary. Read more

“The increasingly strident tone from policymakers suggests they may soon swing from one verbal intervention to another,” said Tom Learmouth, Japan economist at Capital Economics, in a note.

“We don’t believe an FX intervention would provide anything other than fleeting respite at potentially high cost,” Learmouth added.

On Monday, the dollar was down 0.1% at 134.25 yen.

The Australian dollar, considered a liquid indicator of risk appetite, fell 1.7%.

The pound fell to a one-month low against the dollar, coming under selling pressure after data showed the UK economy unexpectedly contracted in April. Tensions with the European Union over post-Brexit trade with Northern Ireland also weighed on the pound, which fell 1.4% to $1.2146.

Bitcoin fell 20.0% to $23,350.5, marking its worst day in more than two years, after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” conditions, in the latest sign of how financial market turbulence is causing distress in the cryptosphere. Read more

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Reporting by Saqib Iqbal Ahmed; Editing by William Maclean

Our standards: The Thomson Reuters Trust Principles.

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Morrisons owner plans to sell £600m of property assets https://brlspeak.net/morrisons-owner-plans-to-sell-600m-of-property-assets/ Sun, 12 Jun 2022 17:37:53 +0000 https://brlspeak.net/morrisons-owner-plans-to-sell-600m-of-property-assets/ Morrisons owner CD&R is looking to sell its property assets // Morrisons private equity owner CD&R is marketing a portfolio of properties including warehouses, fisheries and food manufacturing facilities to raise £600m // The private equity firm is believed to be looking to lease the facilities Morrisons new private equity owner CD&R is looking to […]]]>
Morrisons owner CD&R is looking to sell its property assets
// Morrisons private equity owner CD&R is marketing a portfolio of properties including warehouses, fisheries and food manufacturing facilities to raise £600m
// The private equity firm is believed to be looking to lease the facilities

Morrisons new private equity owner CD&R is looking to sell a selection of property assets, including warehouses, fisheries and food manufacturing facilities, with the aim of raising more than £600million.

CD&R would market the property, which it then aims to re-let, via BNP Paribas and Knight Frank, according to the Sunday Times.

The portfolio is expected to include approximately two dozen real estate assets across the nine distribution centers and 20 manufacturing sites.

CD&R, which had its CMA takeover of Morrisons approved last week, said last year it had no plans to sell a “material” number of its 497 supermarkets for at least a year. year.


READ MORE: McColl’s takeover by Morrisons for £190m to be probed by CMA


The sale of assets follows Morrisons’ warning in April that rising costs and falling consumer spending were expected to hurt profits.

The hit to Morrisons’ bottom line, alongside rising interest rates, is believed to have put pressure on CD&R to sell assets to reduce its debt exposure.

The private equity firm has invested around £3.4bn for its £7bn takeover of Morrisons, but the rest is funded by lenders.

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Work and office workers are a company’s greatest assets https://brlspeak.net/work-and-office-workers-are-a-companys-greatest-assets/ Sun, 12 Jun 2022 05:52:00 +0000 https://brlspeak.net/work-and-office-workers-are-a-companys-greatest-assets/ Some time ago I asked a class of school children “why do people work?” – they all shouted “money”. Of course, money is important. Money allows people to pay for the basic physiological needs of life such as food and shelter. But work can also provide a sense of belonging and an opportunity for growth […]]]>

Some time ago I asked a class of school children “why do people work?” – they all shouted “money”.

Of course, money is important. Money allows people to pay for the basic physiological needs of life such as food and shelter. But work can also provide a sense of belonging and an opportunity for growth that is less easily measured as a transaction (in what Maslow calls a “hierarchy of needs”).

Some things have to be right at work or they will cause job dissatisfaction, which Herzberg called “hygiene”:

Peter Lawrence, Director of the Human Capital Department.

• Salary and benefits

• Job security

• Working environment

• Employment policies

• Supervisory practices

• Company policies, administration and reputation

Desktop computer.
Desktop computer.

On the other hand, positive “Motivators” include:

• Achievement

• Recognition of achievements

• Advancement

• Creativity

• Variety

• Independence

• Interesting work

• Responsibility

• Achievement

• Personal development

• Interpersonal relationships

• Status

But how to implement and measure them?

In my experience, small businesses in Norfolk often don’t know what good HR looks like. Business administration is not one of their core competencies. Someone who built a business on his own skills – perhaps he was a very good carpenter – often has little understanding of management and people development. Therefore, a good place to start is to conduct a human resources audit in the company to find out what it has in place and identify gaps or possible causes of job dissatisfaction.

Once the causes of job dissatisfaction have been addressed, we should consider the positive motivators.

We know that motivated and engaged employees will “perform at their best”. They will work hard and be willing to go the extra mile. It can be a real differentiator. Engaged and motivated employees behave differently. In short, they are more productive. When was the last time you received great customer service at a store and how likely are you to return or recommend this business to others?

Take this path…

CEOs and senior managers often espouse the value and importance of employees. “Our people are our greatest asset” is a well-worn and now somewhat clichéd expression, but the results for companies that “step up” are measurable; recruitment, retention [reduced staff turnover]staff development and succession all contribute to turnover and profitability.

Sustainable competitive advantage…

Today’s job market is tough and recent events, including the pandemic, have highlighted the importance of people and pushed HR onto the agenda of many organizations. Addressing job dissatisfaction and fostering positive employee motivation at work gives companies a sustainable competitive advantage where people really make a difference.



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Wike Orders Amaechi, Cole Investigate $50M Asset Sale https://brlspeak.net/wike-orders-amaechi-cole-investigate-50m-asset-sale/ Sat, 11 Jun 2022 11:00:30 +0000 https://brlspeak.net/wike-orders-amaechi-cole-investigate-50m-asset-sale/ The All Progressives Congress (APC) of Rivers State has taken issue with State Governor Nyesom Wike for his recent announcement that the state has filed criminal charges against former Governor Rotimi Amaechi for the alleged disappearance of $50 million from state coffers during his administration. Recall that the governor had established a commission of inquiry […]]]>


The All Progressives Congress (APC) of Rivers State has taken issue with State Governor Nyesom Wike for his recent announcement that the state has filed criminal charges against former Governor Rotimi Amaechi for the alleged disappearance of $50 million from state coffers during his administration.

Recall that the governor had established a commission of inquiry to investigate the alleged sale of certain state assets, including certain gas turbines, the Olympia hotel and the awarding of a contract for the execution of the Mono project Rail.

Governor Wike, during the swearing-in of three new commissioners at Government House in Port Harcourt, said state leaders had decided to prosecute the former minister; Mr. Tonye Cole, who is the All Progressives Congress (APC) gubernatorial contender in the state, and Sahara Energies charged in the deals.

The Governor said it was necessary for the people of the state and Nigerians to know what really happened to the sum of $50 million from the illegal sale of the assets of some states.

According to Wike, “Attorney General, you have come to a critical time where people want to know what the state is going to do with the Judicial Inquiry after the Supreme Court ruling on this. Luckily, you came at the right time as we filed criminal charges against the former governor (Amaechi), Sahara Energy, Tonye Cole and the others.

“So you come at the right time to take over the case and make sure it is pursued diligently. I don’t want to hear any excuses. Let people see what happened to our money.

“The world will see how $50 million from our account was transferred to a business with nothing to show if there was a business.”

Reacting to the development, APC in-state spokesman Chris Finebone said Amaechi and Cole had no fear of appearing in court because they are innocent of what they are charged with.

“If you are sure of yourself in everything you do, you don’t have to be afraid. Court is not a place where they take you and then they just order your neck cut off.

“The court is the place where justice reigns. So, no innocent, sane person should be afraid to go to court because it’s not a one-way street.

“As things stand, Amaechi and Cole are not guilty. We know it and even the state government i.e. Wike and his people know it,” Finebone said.

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Inherited assets, shares, other assets? Know the income tax rules https://brlspeak.net/inherited-assets-shares-other-assets-know-the-income-tax-rules/ Sat, 11 Jun 2022 03:47:20 +0000 https://brlspeak.net/inherited-assets-shares-other-assets-know-the-income-tax-rules/ A person can receive an inheritance either under a will or under the personal law of the deceased if the deceased did not make a will or even if he made a will but the assets are not covered by the will. There is confusion and curiosity about the tax laws applicable to property inherited […]]]>

A person can receive an inheritance either under a will or under the personal law of the deceased if the deceased did not make a will or even if he made a will but the assets are not covered by the will. There is confusion and curiosity about the tax laws applicable to property inherited by a person. Let’s discuss the tax implications of inheriting assets and selling inherited assets.

Tax liability at the time of the succession of the asset

Since India has no inheritance tax, the person who inherits property under a will or under personal law does not have to pay tax on it. this. In addition, Article 56(2)(x) which provides for the taxation of gifts received in the hands of the beneficiary specifically provides an exemption with respect to property received at the time of inheritance. However, the person receiving the inheritance must pay tax on the income earned on the property he inherited once he becomes the owner.

Tax liability at the time of sale and determination of cost in such cases

Although there is no tax when the inheritance is received, the person must pay capital gains tax when selling the inherited asset. Although it has no acquisition cost of the inherited assets, but for the purpose of calculating capital gains, its acquisition cost is the amount that was paid by the original previous owner.

In the event that the asset was acquired before April 1, 2001, the seller has the option of substituting the fair market value of the asset on April 1, 2001 as its cost for the purposes of calculating long-term capital gains. term. To arrive at fair market value, you can obtain an appraisal certificate from a licensed appraiser. In the case of real estate, the fair market value of the property cannot exceed the value of the stamp duty on April 1, 2001.

Calculation of the holding period for the determination of capital gains

In order to determine whether the asset being sold is a long-term asset or a short-term asset, the holding period for the seller must be calculated from the date the original owner purchased the asset. Although the law allows you to override the previous owner’s cost in the case of inherited property, it does not specifically provide that the benefit of indexation will also be available from the date the previous owner inherited it. acquired. A strict reading of the law says that indexation will be available from the date the seller took ownership of the asset.

However, some of the court statements like CIT Vs. Gautam Manubhai Amin from Gujrat High Court, Arun Shungloo Trust Vs. CIT from Delhi High Court and CIT Vs. Manjula J. Shah from Bombay High Court held that, since the cost to the owner previously paid must be replaced, indexation should also be allowed from the date of purchase by the previous owner or from 1-4-2001 in the event of a fair market. value on that date is adopted.

Indexed capital gains are taxed at a flat rate of 20%. However, in the case of listed securities other than listed stocks and shares, you have the possibility of paying a tax of 10% without benefiting from the benefit of indexation.

Tax savings opportunities for long-term capital gains on the sale of inherited assets

If the asset being sold is a long-lived asset, you can save capital gains tax by investing in a residential home or capital gains bonds depending on the nature of the asset being sold within the prescribed time frame . The amount of investments to be made in a dwelling house will vary depending on whether the property sold is a dwelling house or any other property.

Specific provisions for listed shares and UCITS

In the event that the inherited capital property consists of publicly traded shares or units of equity-oriented organizations, the law provides that you may take the fair market value of the shares and the net asset value of the mutual fund units investment as of January 31, 2018 in case they were acquired before February 1, 2018. Long-term capital gains will be taxed at a flat rate of 10% after an initial lakh on which no tax is due if the STT is paid. It is important to note that no indexing benefit is available on listed shares and shares of equity-oriented organizations.

Balwant Jain is a tax and investment expert and can be reached on jainbalwant@gmail.com and @jainbalwant on twitter

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Currency Surpasses $1.1 Billion in Funded Assets, Pacing Record Year https://brlspeak.net/currency-surpasses-1-1-billion-in-funded-assets-pacing-record-year/ Thu, 09 Jun 2022 17:10:00 +0000 https://brlspeak.net/currency-surpasses-1-1-billion-in-funded-assets-pacing-record-year/ Scottsdale, Arizona, June 9, 2022 /PRNewswire/ — Financial technology company Currency announces that it has achieved a major milestone, surpassing $1.1 billion in funded assets. As this growth trajectory continues, Currency is poised for a banner year in 2022. Currency offers several secure solutions designed to make it easier to finance large expenses, especially in […]]]>

Scottsdale, Arizona, June 9, 2022 /PRNewswire/ — Financial technology company Currency announces that it has achieved a major milestone, surpassing $1.1 billion in funded assets. As this growth trajectory continues, Currency is poised for a banner year in 2022.

Currency offers several secure solutions designed to make it easier to finance large expenses, especially in the construction, agriculture, commercial trucking and aviation sectors. These solutions include CurrencyFinance, which serves buyers and sellers of new and used heavy machinery, farm equipment, trucks, trailers and other expensive assets; and CurrencyAir, specially designed for the financing of used aircraft.

“Over the past year, Currency has undergone several changes, and we have focused on the needs of our buyers and sellers,” says Kenny Segin, director of the Mint. “We’ve achieved this by continuing to create and improve a seamless end-to-end experience. We’ve also made significant investments in our technology and Credit Express engine, while strategically partnering with lenders and banks that meet the needs of our buyers and sellers.”

“Exceed $1.1 billion in asset finance is something we are all very proud of,” says Jared Koch, director of the Mint. “We couldn’t be more excited about the results we’ve seen and the direction Currency is taking.”

About Currency
Since its inception, Currency has believed in streamlining transactions between buyers and sellers through innovative technology. As a nationally recognized brand, Currency’s financial products make it easier than ever for businesses to buy, sell and borrow. Visit GoCurrency.com/contact-sales for more information.

CONTACT:
[email protected]
(844) 724-7375

SOURCE Currency

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Matrixport Launches World’s First Liquidation-Free Lending Product for Digital Assets https://brlspeak.net/matrixport-launches-worlds-first-liquidation-free-lending-product-for-digital-assets/ Thu, 09 Jun 2022 01:08:01 +0000 https://brlspeak.net/matrixport-launches-worlds-first-liquidation-free-lending-product-for-digital-assets/ Matrixport, one of the world’s largest and most trusted digital asset financial services platforms, has announced the first of its kind “Loan without liquidation” product for altcoins. This innovative lending product gives individual and institutional investors the ability to securely collateralize without the risk of margin calls or liquidation to capture market opportunities or manage […]]]>

Matrixport, one of the world’s largest and most trusted digital asset financial services platforms, has announced the first of its kind “Loan without liquidation” product for altcoins.

This innovative lending product gives individual and institutional investors the ability to securely collateralize without the risk of margin calls or liquidation to capture market opportunities or manage liquidity demand.

The “No Liquidation Loan” offers an additional funding solution for those looking to take out short and long-term loans by pledging altcoins as collateral in custody to quickly and efficiently secure capital in the form of stablecoins (USDC or USDT). With a fixed interest rate and no margin call tied to its initial Loan to Value (LTV), users can simply regain custody of their assets upon one-time repayment of principal and interest before loan maturity.

Cynthia Wu, Business Development and Sales Manager for Matrixport, said, “Our “Loan without liquidation” responds to a real need for flexible solutions for those looking to preserve their digital assets. This reflects our commitment to continue to bring to market the world’s most comprehensive range of innovative products and services, suitable for various market conditions.

With a minimum loan amount of $1,000 per transaction, the new product will initially support four altcoins – Avalanche (AVAX), Chainlink (LINK), Polygon (MATIC), and STEPN (GMT). More tokens should be made eligible for the product.

For more information, please see the fact sheet here.

About Matrixport
Matrixport is one of the largest and most trusted digital asset financial services ecosystems in the world. With $4 billion in assets under management, it provides one-stop crypto financial services to meet emerging needs for long-term wealth generation in digital assets. The Company’s services include Cactus Custody™, spot OTC, fixed income, structured products, lending and asset management. He also forges strategic collaborations with early-stage Web3 innovators, helping them build, grow and evolve.
With its mission to make crypto easy for everyone, Matrixport is relentlessly focused on product innovation and offers the most comprehensive suite of market-leading crypto investment products. In 2021, the fintech company completed a pre-monetary valuation of the unicorn within two years of its inception.
Based in Singapore, Matrixport serves both institutional and retail customers in Asia and Europe. The company holds licenses in Hong Kong and Switzerland.
For more information, visit www.matrixport.com.

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Singapore Trading Platform Recognizes Crypto Assets From Accredited Investors https://brlspeak.net/singapore-trading-platform-recognizes-crypto-assets-from-accredited-investors/ Wed, 08 Jun 2022 02:32:00 +0000 https://brlspeak.net/singapore-trading-platform-recognizes-crypto-assets-from-accredited-investors/ A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register SINGAPORE, June 8 (Reuters) – Singapore-based private securities platform ADDX said it had become the first financial firm in the city-state to recognize […]]]>

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier

Join now for FREE unlimited access to Reuters.com

SINGAPORE, June 8 (Reuters) – Singapore-based private securities platform ADDX said it had become the first financial firm in the city-state to recognize cryptocurrency in its valuation of wealthy client assets. .

The move underscores the growing acceptance of digital currencies among financial services firms as they seek to tap into a wide range of investors.

ADDX, whose backers include Singapore Exchange (SGXL.SI), said in a statement on Wednesday that it would only recognize cryptocurrencies with higher market value and apply discount rates when valuing. of these assets.

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“Cryptocurrencies are here to stay. They no longer exist just on the fringes of wealth and investment conversations,” said ADDX CEO Oi-Yee Choo.

“With a large minority of investors owning crypto, it makes sense that these digital assets should be recognized as part of one’s portfolio – much like any other asset that can be valued in the market, such as real estate or stocks,” Choo said. .

Under Singapore regulations, individuals must have at least S$300,000 ($217,991.57) in income over the past 12 months, S$1 million in net financial assets, or S$2 million net personal assets to qualify as accredited investors.

ADDX said it will only accept crypto assets in the net personal asset category and apply a 50% discount rate for bitcoin or ether when calculating the value of such holdings and a discount 10% for the USDC stable coin.

Cryptocurrencies – once considered a niche asset for risk-hungry investors – have become more popular during the COVID-19 pandemic. While the value of bitcoin has recently fallen, the overall crypto market is still valued at $1.2 trillion.

“In the future, we will likely allow clients to fund their investment portfolios with cryptocurrencies and convert their assets between fiat currencies and cryptos,” Choo said.

($1 = 1.3762 Singapore dollars)

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Reporting by Anshuman Daga; Editing by Sam Holmes

Our standards: The Thomson Reuters Trust Principles.

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