Waste en P3 Essay Example | Topics and Well Written Essays - 250 words

Squander en P3 - Essay Example To get the rate measure of time used to deliver the waste, it is determined by isolating the measure of time not spent on anything by the aggregate sum of time accessible throughout the day: (Robbins 2005). To get the measure of time spent in esteem expansion, we get the all out time the understudy utilized effectively accomplishing something from the time he awakens to the time he gets ready for bed. The complete time utilized effectively is 210 minutes, while the absolute accessible time is 960 minutes. The rate is thusly determined by isolating the measure of time spent effectively by the all out accessible time: (Robbins 2005). It is very obvious from the computations that the measure of waste delivered is higher than the measure of significant worth included. It is accordingly significant for the understudy to diminish the measure of waste delivered; he ought to draw in himself in some dynamic exercises, for example, football, cycling, perusing or some activity that will keep him fit genuinely and intellectually dynamic. This will build his worth expansion (Robbins

Rape Simulator Video Games and Democracy Essay Example

Assault Simulator Video Games and Democracy Paper Is the assault test system computer game fortunate or unfortunate for popular government? All through mankind's history brutal types of amusement have existed close by refined ones. In Ancient Rome, for instance, when current mechanisms of amusement, for example, Television, computer games, and so on didn't exist, fighter battles were a well known relax. This provoked Saint Augustine to take note of that not exclusively peopled enjoyed viciousness as uninvolved observers, yet it has likewise instigated in them a ‘fascination for blood’. Today, such brutality ridden games like combatant battles are illegal by law and social standards. In any case, the ‘fascination for blood’, obviously intrinsic to human instinct, is abused by film creators and computer game makers. The film titled Gladiator, featuring Russell Crowe, is one case of this marvel; the questionable assault test system computer game delivered in Japan is another key model. While the previous is legitimately allowed and is acknowledged by standard crowds and reporters, the last has not picked up endorsement on both lawful and moral grounds. The game has been prohibited in the United States because of its unreasonable and vulgar nature. For example, players acquire focuses for demonstrations of sexual brutality, including following young ladies (mostlty wearing highschool outfit), assaulting virgins and their moms, and afterward driving them to have premature births. (Moses, 2010) The open discussion that the game has prodded has extended past its utility, esteem, and so on, to more extensive contemplations, for example, its impact on the wellbeing of popular government. The remainder of this paper will bolster the view that videogames such a Rape Simulator are not just risky for the players and the social orders they occupy, however their negative impacts overrun to sabotage law based procedures and establishments of a nation. As per Aristotle’s hypothesis of Catharsis, individuals discharge their savage throb by observing them depicted by different specialists/on-screen characters. Along these lines the repressed disappointment is discharged, which could somehow or another lead to vicious conduct. Applying this hypothesis to the computer game being referred to, one could find that playing the game will diminish the genuine number of episodes of assault in the public arena, for the genuine is subbed by the reproduced. (End Violence Against Women, 2010) But undeniable realities are not reliable with the hypothesis, as demonstrated by researcher S.Feshback. He took 625 middle school young men and solicited half from them to watch a brutal TV program for about a month and a half. The other half was as to watch peaceful programming. Toward the finish of about a month and a half, when instructors assessed the understudies, no distinction in forceful conduct was watched. In any case, there was a decrease in animosity among understudies who were recently surveyed by character tests to be progressively disposed toward forceful conduct. Taking into account that such understudies framed just a little minority, the Catharsis hypothesis doesn't remain constant for this case. Countering the legitimacy of the Catharsis hypothesis is the Aggressive Simulation hypothesis, which expresses that individuals are enlivened by what they see. Implying that on the off chance that they see savagery they will repeat it. As it were, what these computer games do is to separate social boundaries for the individuals who are inclined to such conduct. Since the support of peace is fundamental for the smooth working of equitable social orders, it follows that execution of rough conduct (as a mirror impact of watching and mimicking vicious acts) will sabotage popular government. (Alexander, 2009) We will compose a custom exposition test on Rape Simulator Video Games and Democracy explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on Rape Simulator Video Games and Democracy explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom exposition test on Rape Simulator Video Games and Democracy explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We live in a world were we are continually barraged with data, the vast majority of which urge us to purchase either item. The intensity of promoting has just been exhibited during that time long history of our Public Relations industry. To be sure, the PR business and the media together use enormous control over the considerations of residents. In such a situation, an individual with a delicate psyche, which means somebody who can't make the qualification between what is correct or wrong, gets enormous presentation to brutality through promotions and other showcasing efforts, it can prompt awful outcomes. These incorporate demonstrations of fierceness, outrage, brutality, torment, perversion, and so on (these characteristics are energized by Rape Simulator). Henceforth it is basic that such games are blue-penciled or prohibited from open utilization. (Haydon, 2009) The way that Rape Simulator energizes sexual acts with students is a reason for worry, as it suggests pedophilia. In spite of the fact that the game is intended for grown-ups just, the objects of sexual want delineated inside it qualify as youths. A similar analysis can be applied toward the offer of student furnishes in sex shops. Them two are empowering pedophilia and assault and instigating perversity and misuse, which are conflicting with fair ideas. We can no longer contend that it will be it isn't so terrible for society, for it is only a game and it doesn’t hurt anyone. Truth be told, in view of the perils to vote based system we examined up until this point, one can additionally contend that any computer game that incorporates murder, war, theft, firearm fired ought to be thusly prohibited. (The Free Library, 2010) At least in these last models, one could think of supports. For instance, one can legitimize theft (to take care of oneself or pay the lease to give a home to his/her youngsters), one can legitimize firing with a weapon (to kill a killer, sparing lives), and one can legitimize war (which our administration does it ordinary). The assault test system computer game, then again, is sabotaging the very trustworthiness and establishments of law based common society. We ought to likewise remember that restriction and the right to speak freely of discourse are checking standards. Be that as it may, harmful types of free articulation, for example, the Rape Simulator game ought to be restricted in the bigger interests of popularity based social orders. This contention is recognized by rape victims’ rights advocates also. In any case, they state that social liberties ought not be mishandled so as to advance a culture of resistance for assault and savagery against ladies. (Haydon, 2009) Then again, restricting or blue penciling anything puts it on the spotlight, giving it free exposure that advertisers are glad to witness. In my own case, my first response when I found out about this game was to go â€Å"check it out†; and am certain such is the response of numerous players. Regardless of whether the game is made unlawful, there are numerous ways for getting hold of it and playing it. Rebuking it won't stop individuals to play it as it just adds exposure and regard for the game . Anyway making it lawful would likewise not fill the just need, as it would imply that society has lost its moral compass and the feeling of good and bad. All in all, a careful and nuanced managing of the issue is required. Something else, just social orders will consistently walk toward wantonness and rebellion. Book index Race Simulator game becomes a web sensation in the midst of calls for Censorship, recovered from on fifth November, 2010 Leigh Alexander, And You Thought Grand Theft Auto Was Bad : Should the United States boycott a Japanese â€Å"rape simulator† game?, Monday, March 9, 2009, Assault Simulator games and the Normalization of Sexual Violence, The Free Library recovered on fifth November, 2010 from Harry Haydon, Rape Simulator sold in Amazon, thirteenth Feb, 2009, recovered from Computer game highlighting assault pulled from Amazon, recovered on fifth November, 2010 from Japan: Rape test system games and the standardization of sexual savagery, Say No-End Violence Against Women, recovered on fifth Novemeber 2010 from Asher Moses, Rape Simulator game circulates around the web in the midst of calls for Censorship, March 31, 2010, recovered on fifth November, from http://www.youtube.com/verify_age?next_url=http%3A//www.youtube.com/watch%3Fv%3Da54Pu9dTJfQ

Fall 2015 Transfer Update - UGA Undergraduate Admissions

Summer/Fall 2015 Transfer Update - UGA Undergraduate Admissions Summer/Fall 2015 Transfer Update We are almost finished with the Summer Transfer applications, and the only ones left are generally files that have transcripts which are very difficult, or the transcript has only recently reached our office. In total, the Summer transfer applicant pool was 416 applicants, and we hope to have all decisions out (for complete files) by the end of the week. We also have a few new transfer evaluation team members, and since they do not have the experience to review the most challenging summer files, we are starting on Fall 2015 transfer applicants today. Currently, we have just under 2,000 fall transfer applicants, but that will grow since the deadline is April 1. Once we have been reviewing files for a few weeks, I will have a better idea of how many files on average we are able to review in a day. In the past, it has been about 50 decisions a day with a full team focused on just fall transfers (and not finishing the tough summer files), but we will have to wait and see how this year shapes up as far as our reviews. We are about one month ahead of time in reviewing fall transfers, as last year we were still building the transfer articulation process in our new system. We will still need to do some work on transfer articulation on colleges that we do not see often, but we should be able to move much faster than last year as far as transf er decisions go. Transfer decisions are made on a daily basis Monday through Friday, and it varies on how many decisions we can make in a day due to the complexity of some transfer files. The myStatus page is updated in the early a.m. every business morning, and decisions are posted on the myStatus page and are mailed to transfer applicants.We generally try to review files based on when a file is complete (earliest to latest), but this is not an exact science due to complexities within the transfer process. Please make sure that we have transcripts from all colleges you have ever attended, even if it was dual enrollment work in HS. As well, if you have a college on the myStatus system that is different from where you have attended, you should contact our office to correct this (email admproc@uga.edu), as it is most likely a college code that was transposed when you entered in your previous college and is easy to fix. If you have a different name on a transcript from what is on the application, please contact our office two weeks after the transcript is sent if it has not yet matched with your file. In addition, please be patient, as it takes a while to both match up documents and make transfer decisions. Go Dawgs!

Analysis Of Brave Men Of War Essay - 1142 Words

Brave men of war have faced adversities both physical and mental and risen above them as butter from cream. Chivalry and conquest have carried soldiers from pole to pole and across the seven seas. Hardships of campaign life are legendary, and the iron men these trials created go down in history as examples to all mankind. I have faced battle under duress and have learned I are not a brave man. Shell-shock are partially defined as a psycho neurotic condition akin to hysteria. To this day I saddled with the memories of the day I was sent to battle in my Grandmother s kitchen. No man should have to endure these conditions. Women can, with impunity, set foot in the estrogenically charged atmosphere of Grandmother s kitchen on Thanksgiving Day; greater men than I, however, have been broken this way. Men of the world take heed, only the insanely brave or exceedingly foolish would choose to accept this near-suicide mission. Counting myself as the latter, I offer my tale as counsel. The day was overcast, cold and thoroughly November. I answered the call to arms with the eager sincerity of a private fresh from basic training. My Grandfather wept openly, fearing for my life as I bade him farewell. I entered a young soldier brimming with bravado; I returned a troubled man with bruised ego, clutching hard-won wisdom to my breast. The fact that women are vastly better equipped for a culinary tete-a-tete with Grandmother should have been apparent to me after the opening salvo, but IShow MoreRelatedThe Great War And The Crisis Of American Nationality1034 Words   |  5 PagesValerie M. White Dr. Raul S. Chavez History 8: US History 1865 to Present February 13, 2017 Lost Battalions: The Great War and the Crisis of American Nationality The book is written by, Slotkin, Richard. Lost Battalions: The Great War and the Crisis of American Nationality. New York, N.Y: Henry Holt and Company, 2005. Print. 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Pride and Prejudice- First Impressions - 1392 Words

The novel Pride and Prejudice by Jane Austen was originally titled First Impressions. This is significant because it reflects the values and attitudes of 19th century England, and portrays the main themes of the novel. It is set in England during the 1800s and Austen focuses on a society whose opinions are based on first impressions. This is achieved through cultural context, characterisation, narratorial commentary, and methods/techniques. During the 19th Century, first impressions were very important. The reader is presented with Meryton, a highly structured class society which judges people on superficial qualities, such as physical appearance, social status, clothes, possessions, behaviour, dialogue. The message Austen positions†¦show more content†¦The technique of characterisation has a major effect throughout the novel. 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Elizabeth faces an internal conflict between her poor first impression of Darcy and the virtuous traits Darcy exhibits later in the novel. Elizabeth Bennet is a character that takes pride on being an excellent judge of character. Her poor first impression of Darcy stems from his original insult to her and his snobbish demeanor. This

Mcb Internship Report Free Essays

[pic] INTERNSHIP REPORT ON MUSLIM COMMERCIAL BANK Instructed by: Mr. Naveed Ahmed Lecturer Comsats Institute of Information Technology Presented by: Muhammad Hussain MBA-A Roll No. 65 Semester 3 DEDICATION I dedicate whole of my education along with my life to my beloved parents and respected teachers, who were always kind to me. We will write a custom essay sample on Mcb Internship Report or any similar topic only for you Order Now May God Bless Them (Aamin). Muhammad Hussain TABLE OF CONTENTS 1. Preface 2. Introduction Of Bank 3. Types of Bank 4. Executive Summary of MCB 5. History of MCB 6. Vision Mission Statement of MCB 7. Commercial Bank 8. Branches ATMs 19 9. Product Services21 10. Department in MCB25 11. Management Hierarchy28 12. Investment Banking 13. Know Your Customer 14. Remittance Department 15. Financial Statements 16. SWOT analysis 17. Work Performed By Me 18. Findings 19. Recommandations PREFACE Banking sector owes a pivotal importance in the economy of any country through its variant functions. This basic motivator that stressed me to join any bank for Internship Training. Moreover, the experience and practice learned during this tenure also prove very helpful and facilitating in the forthcoming professional life. This report is the result of two months Internship will, Muslim Commercial bank, Kot Fareed, Sahiwal. The motive behind selecting this bank is that it is one of the Top 10 Asia, Bank‘s. The fact remains that Muslim Commercial bank, posses an excel/cut and historical importance being the most senior and leading in terms fluids and services to Pakistan at all ages of life. I had with the strong belief that this report will guide and facilitate the readers to understand the functioning of banking system and more importantly have good knowledge about Muslim Commercial bank. My utmost efforts to elaborate this report wit, material read, listened and observed. Yet, I feel that this period was not long enough to learn and understand the complex and widespread functioning of banking sector. I am really thankful to the entire staff members of the aforesaid branch for the friendly and cooperative behavior during my internship. Muhammad Hussain MBA-A Roll No. 65 w ell-developed banking setup plays very significant role in the economic development of a country. Banking sector is precondition for the development of any country. The banking sector helps in proper utilization of resources of the country by financing the less developed sector. It also helps to keep cumulative demand in proper balance with the supply of those resources, which are responsive to monetary demand. DEFINITION OF BANK. â€Å"A bank is an institution, which deals in money. † I BROADLY SPEAKING â€Å"Banks draw surplus money from the people who are not using it at that time, and lend to those who are in a position to use it for productive purposes. † 2 IN OTHER WORDS â€Å"Bank also accepts the deposits from public repayable on demand or otherwise and withdrawal by cheques. Drafts order and include any post office saving bank. † BANK. The word bank is said to have been derived from the Italian words â€Å"Bancus† or â€Å"Banque†. The History of banking is transacted to be as early as 200 B. C. PEGETS DEFINITION: no one anybody. Corporate or otherwise can be a banker who does not: I Open current account 2 Pay cheques drawn on him 3 Collect cheques for his customers. HARTS DEFINITION. â€Å"A hanker is one who is in the ordinary course of his business, honors cheques drawn upon his by persons from and for whom he receives money on current account. † ACCORDING TO THE BANKING COMPANIES ORDINANC, 1962: SECTION 5(B): â€Å"Banker means a person transacting the business of accepting, for the purpose of lending or investment, of deposits from the public, and withdrawal by cheques, drafts, order of otherwise, and inclined any post office saving banks. † IMPORTANCE OF BANKING. Banks play very important role in the economic life of a nation. The growth of the economy is dependent upon the soundness of its banking system. Although banks so not create new wealth but borrow, exchange and consume. These make generation of wealth. In this way. They become most effective partners in the development of that country. To encourage the habit of saving and to mobilize these savings is its basic purpose. Banks deposit surplus from the public and then advances the surpluses in the form of loans to the industrialists, agriculturists, businessmen and unemployed people under different schemes so that they setup their own business. Thus banks help in capital formation if there are no banks, and then there would be concentration of wealth in few hands great portion of wealth of a country would be idle. In the fewer developing countries rate of saving is very low and due to this rate of investment and rate of growth is very low. We can take hank just like a heart in the economic structure and capital provided by it is like blood in it. As long as the blood is in circulation, the organs will remain sound and healthy. If the blood is not provided to any organ then the organ would become useless. So if the finance is not provided to agriculture sector or to industrial sector, it wills he destroyed. Loan facility provided by bank works as an incentive to the producer to increase production. Banks provide transfer of payment facility, which is cheaper, quicker and safe. Many difficulties in the international payment have been overcome and volume of transactions has been increased. These facilities are very much helpful for the development of trade and commerce. EVOLUTION OF BANKING IN INDO PAK SUB-CONTINENT: The Indian society was quite familiar with the banking, right for the beginning. There is also sufficient evidence to show that during 51h century people were accustomed to use 1-lounds as a credit investment. Loans were given to the people against personal and other Securities such as ornaments, goods and other immovable properties. TYPES OF BANK: Following is the list of various types of banks: Central Bank Commercial Bank Exchange Bank Industrial Bank Agriculture Bank I. COMMERCIAL BANK: The banks in any country speeded over with an objective to get the excessive money Form the public in the form of deposits and providing finance to the investors. These Banks are in the ground for profit earning motive and in competition with each other. These banks are providing the basic services to the customers in the form of deposits, Advances, remittances and others. Commercial Banking Scenario In Pakistan: At the time of Independence in 1947. ther were 38 scheduled banks with 195 offices in Pakistan. But by December 3l†, 1973 there were 14 scheduled Pakistani Commercial Banks with 3233 Branches in Pakistan and 74 Branches in the Foreign Countries Nationalization of banks was done on 1st January 1974 under the Nationalization Ac 1 947 due to certain objectives. But it had negative effects on the efficiency of the banking sector. Afterwards, a Privatization Commission was set upon January 22nd, 1991. The Commission transferred many banks to the private sector, i. e. Muslim commercial Bank and Allied Bank Limited. The Govt. approved and permitted the establishment of 1 0 new private banks in August 1991 Functions of commercial Banks: I borrowing of money from customers in shape of term deposits (PLS Saving Current Deposits and Notice Deposits). 2 Lending of money to borrowers in shape of finances, short-term finances, and long-term finances under various names such as Demand Finance , Small Finance, Cash Finance. 3 Agency services. 4 Remittance of money. 5 Foreign exchange business, foreign currency deposits. LCS, Imports and exports etc. ROLE OF COMMERCIAL BANKS IN THE ECONOMIC DEVELOPMENT OF A COUNTRY: Banks play an important role in the economic development of a country. If the banking system is unorganized and inefficient, it creates market adjustments and impediments in the process of development. In Pakistan, the banking system is organized in well manner. The State Bank of Pakistan since July 1st. 1984 stands at the apex and is responsible of the operation of the banking system. The other bands, which form the banking structure in Pakistan, are playing role in h he economic development of the country. The role of the commercial bank in the growth and development of the economy on sound and steady footings is discussed briefly as follows: Mobilization of Resources: The commercial banks are the most efficient organization of the economy in the mobilization the resources and making a profitable pool of these resources. Taking the Money from the savers and lending it to the investors is the most prominent job of the hank Financing Development Projects: The banks and other financial institutions advance loans for the development projects that enhance the pace of overall development of the country. These advances are made in both public and private sectors for the purpose of achieving a good and strong economic field to catty on the other activities of trade and business. Creating Climate For Capital Formation: Capital formation is done by the act of accepting people’s money and putting into Profitable ventures. This money so accumulated, make possible the availability of the needed capital by the investors. The investors on the other hand are able to get the needed funds that shortfall their requirements. Planned Development: With the help of well-organized banking sector the government is able to make good Implementation of its economic planning and can execute developmental activities for the welfare of the society. Promotion of Saving Habit: There are persons who have money but cannot put them in profitable use. The banks attract these persons by offering a variety of accounts. They provide them not only the safety of the funds but also higher returns on them. The banks, in this way, promote the habit of saving among the people. Effective Implementation of Monetary Policy: With the help of a good banking system in the country the government and the central Banks regulate the monetary supply and demand of the money. A good system helps in the implementation of the policies that are formulated by the government. l through these banks using different techniques of credit control makes credit expansion and contraction. Narrowing Regional Disparity: The banks help in bridging the country. The surplus fund of on Region is sent to the centers of deficit. The less developed areas acquire funds, put them into productive channel and increase production. The banks help in a balanced growth the economy. Executive Summary CORPORATE   PROFILE Mian Mohammad Mansha Chairman S. M. Muneer Vice Chairman Tariq Rafi Shahzad Saleem Sarmad Amin Aftab Ahmad Khan Atif Yaseen Dr. Muhammad Yaqub Mian Raza Mansha Atif Bajwa President / CEO Board Committees : Audit Committee Dr. Muhammad Yaqub Chairman Tariq Rafi Member Mian Raza Mansha Member Atif Yaseen Member HR Committee Mian Muhammad Mansha Chairman Dr. Muhammad Yaqub Member Mian Raza Mansha Member Atif Bajwa Member Risk Management Committee Mr. Tariq Rafi Chairman S. M. Muneer Member Mian Raza Mansha Member Aftab Ahmed Khan Member Committee on Physical Planning, IT System and Contingency Arrangements Sarmad Amin Chairman Atif Yaseen Member Aftab Ahmad Khan Member Atif Bajwa Member Business Strategy Development Committee Mian Mohammad Mansha Chairman S. M. Muneer Member Tariq Rafi Member Mian Raza Mansha Member Atif Bajwa Member Credit Committee Shahzad Saleem Chairman Sarmad Amin Member Tariq Rafi Member Mian Raza Mansha Member Chief Financial Officer Tahir Hassan Qureshi Company Secretary Abdus S. Sami Auditors KPMG Taseer Hadi Co Chartered Accountants Riaz Ahmed Co. Chartered Accountants Legal Advisors Mandviwalla Zafar Advocates Legal Consultants History of Muslim Commercial Bank The Muslim Commercial Bank Limited was incorporated on 9th July 1947 in Calcutta in Bengal. After partition, the Registered Office of the bank was hifted to Dhaka where it commenced business from August 1948. The Bank transferred its registered/Head office from Dhaka to Karachi in 1956. In 1999, its registered / Head office was transferred to Islamabad and Karachi office was named as principal office. The government transferred a 26% management stake to a group of leading industrialists, collectively named National Group of which Mian Mohammad Mansha is the Major stakeholder. In 1992 a further 24% was sold to the National Group. The current shareholding structure is 50% National Gr oup, 25% government and 25% floated on bourses. NATIONALIZATION OF MCB Muslim Commercial Bank Limited was nationalized by the Government of Pakistan in January 1974 under the Banks Nationalization Act, 1974. Subsequent to nationalization the operations of premium Bank Limited were merged with the Muslim Commercial Bank Limited in June 1974. PRIVATIZATION OF MCB The previous Government declared the privatization policy as one of its main objectives and in accordance with its policy, the Government offered Muslim Commercial Bank Limited for privatization. The Bank was the first Public sector bank, which was privatized on 2nd April 1991. The Government of Pakistan transferred management of the bank to Private Industrialists and Entrepreneurs, â€Å"National Group† by selling 26% shares of the Bank at Rs. 56 per share. Present Status Over the years Muslim Commercial bank fostered strong bonds with its customers. MCB understands them; their needs. They feel comfortable with MCB; its their bank; it responds to them; listens to them; partners with them; grows with them. That is why it is one of the leading commercial banks of the country, providing a wide range of modem banking services. At present, the banking network consists of over 1000 branches along with – controlling offices known as Area Head offices and Regional Head offices. These controlling offices are responsible for the smooth operation of the bank on National international levels. The entire financial and operational objectives are achieved with the Human Resources strength over 12000 employees. The bank is known as the major credit provider, best place of working and paymaster in the financial (money market) of the country. Over the past few years, MCB’s profits have been hit by the need to increase provisions coverage and restructuring costs associated with the downsizing of the workforce and branch network, whilst there is some need to boost provisions, these charges (necessary to bring the bank back into shape) are largely over. It has also slowly received permission from the SBP to shut down a number of unprofitable branches. In 1999 EURO MONEY recognized MCB as the best domestic bank in Pakistan. The banking sector has been worst hit by the external account crisis that Engulfed the country following the nuclear tests. Due to the nature of banks as a Medium for debt transactions the country’s technical default and subsequent rating downgrade impacted them the most. Those core concerns are still not fully alleviated in the view of the investors. The closest that investors have come to positive expectations regarding external account sustainability and a possible re- rating was back in the fourth quarter of the year 1999, and this led to MCB climbing to Pakistani rupees 56 per share. Resumption of the IMF funding and a possible rescheduling of bilateral debt will positively impact the banking sector and especially MCB. State Bank of Pakistan continued the process of Banking Reforms, which included strengthen of Prudential Regulations and focus on recovery of defaulted loans. In 1999 return on Government Savings Scheme and Treasury Bills was reduced, which led to a lowering of lending rates, resulting in erosion of margins for banks but it is likely to give a boost to economic activity. MCB Rupee travelers Cheques continued to maintain their leadership position in the industry and sales registered a 45% growth over last year. MCB successfully introduced the Rs. 100, 000 denomination cheque countrywide and introduced RTC dialup tele-verification facility from Lahore city as well. Mainly there are three types of Banking in MCB. These are: CORPORATE AND INVESTMENT BANKING Corporate Banking Group of MCB is focusing on top tier local corporate groups and multinationals in a structured and focused manner building relationships leading to increased market share. Branches having Advances of Rs. 100, 000,000 per party relationship and monitoring such advances are called as Corporate Branches. These branches include corporate clients and their requirements are looked after. There are about 20 corporate branches of MCB in Pakistan. OUR VISION MISSION Vision Statement To be the leading financial services provider, partnering with our customers for a more prosperous and secure future. Mission Statement We are a team of committed professionals, providing innovative and efficient financial solutions to create and nurture long-term relationships with our customers. In doing so, we ensure that our shareholders can invest in us with confidence. COMMERCIAL BANKING The Commercial Banking Group of MCB continues to service the trading Community and middle market, with sustained focus on developing new customer relationships and increasing the asset portfolio. CONSUMER BANKING The Consumer Banking Group focuses on the lower end of the market and micro credit. Individual customer needs are being serviced through the introduction of diverse lifestyle consumer loans and introduction of new products and partnerships with service providers. Customers will continue to use the extensive branch network, which in turn will generate deposits to feed the asset development and liquidity requirements of the Bank through its diversified and stable deposit base. ATM TECHNOLOGY At MCB, technology has a direct relationship with the needs of the customers, it is a mean of creating value and convenience for the customer. Over the last few years MCB has invested heavily into strengthening its technology backbone. Today it is leading the way in banking technology and setting new standards for the banking industry, penetrating into the local market, listening to the needs of the people. MCB’s strength lies in providing technological base at a grass root levels of the society with a challenge to educate and assimilate such systems across vast cultural and economic backgrounds. With over 768 automated branches, 243 online branches, over 151 MCB’s ATMs in 27 cities nationwide and a network of over 16 banks on the MNet ATM switch, MCB continuously innovates new products and services that harness technology for the customer’s benefits. Additionally in order to enhance the utility of the ATM services they successfully linked their ATM network to the MasterCard, Cirrus and Maestro, effectively becoming part of the largest ATM network in the world. MasterCard and Cirrus/Maestro users can now access their ATM’s network. Together with the above MCB made a strategic decision to establish an ATM switch and open their ATM network to other banks. The ATM switch has been named MNET. It has following banks in MNET switch: Standard Chartered Citi Bank MCB ATM  SERVICES MCB ATM Card Welcome to a world of convenience with the MCB ATM 24- Hour Smart Card. â€Å"It Works. Anytime in Pakistan and abroad. † With an ever growing number of ATMs operating across the nation, the MCB ATM Network is the largest and most advanced of its kind in the country, and is part of MCB’s continuing efforts to provide you with convenience that suits your requirements most. And now the MCB ATM has gone global. MCB’s affiliation with Master Card International brings about added facilities for the MCB traveler abroad with the Cirrus and Maestro networks. So go ahead! Use your MCB ATM 24- Hour Cash Card day or night, at home or abroad. MCB ATM Regular Card The MCB ATM Regular Card allows withdrawal of up to Rs. 10,000 per day and a maximum of 3 withdrawals per day per card. BRANCHES ATMs Mnet MNET enables all the member banks to share their electronic networks. Which means customers of member banks can use MNET as well as 1-Link ATMs Nationwide. MNET member banks ATM machines accept cards issued by MCB Bank Ltd, Citibank, Standard Chartered, HSBC, Saudi Pak Bank Limited, Habib Metropolitan Bank, JS Bank, Deutsche Bank, SME Bank, Arif Habib Rupali Bank and First Women Bank. MNET customers can use over 600,000 ATMs worldwide that carry the logo and shop at over 5 million outlets that carry the logo. M-Net switch has currently 612 ATMs in 50 cities. We plan to have the network grow in faster pace in future as MCB itself will be adding more ATMs by the end of the year. The ATM deployment has been planned in such a manner that a customer will be only a few minutes away from an ATM in major cities. This coupled with geographic coverage provides the largest convenient spread in the country, because of which we are very strongly concentrating on Diverse Coverage Convenience. M-Net Switch ATMs are present in all the major cities of the country. They are available in the hilliest and northern areas of the country such as Murree, Abbottabad and Swat etc thus providing convenience of accessing 24 hours cash to the customers across the country. M-Net switch also has its Service Centers in the main cities of the country providing support to member banks customers. M-Net Switch ATMs are also present in all 3 main Airports of Pakistan i. e. , Jinnah Terminal (Karachi), Allama Iqbal International Airport (Lahore) Islamabad International Airport. MEMBER BANKS their ATM Locations In Pakistan, the ATM facilities can be availed at any of the following locations: MCB Bank Ltd. Standard Chartered CITIBANK Saudi Pak Bank limited HSBC Habib Metropolitin Bank Arif Habib Rupali Bank Deutsche Bank First Women Bank SME Bank CORPORATE IMAGE BUILDING In view of Goals established through mission and vision statement, the first step taken was to change the corporate image of the Bank, which inclined following aspects: In 1991 Bank changed its logo from to current logo which is: Which signifies the growth and prosperity? The change of logo was part of effort to change image of the Bank as a progressive bank in the minds of people of country. A comprehensive electronic media campaign was launched with a logo â€Å"Good Banking getting even better† stressing on the improvement. An on going process of Face Lifting and renovation of MCB branches was started which is still going on. The purpose of it was to ensure the overall outlook of the bank changes and employees get a better environment to work and customers of the bank feel more comfortable. NEW PRODUCTS AND SERVICES SINCE PRIVITIZATION In order to achieve long-term goals of expansion and penetration in the market. Bank introduced various new products for its customers, which cater to the needs of various segments of the society. In order to do so, a constant process of market research, evaluation and development of New products was started which resulted in introduction of various new products which were earlier not introduced by any other Bank in the country. Introduction of these products was indeed a major source of penetration for the bank and turned out to be a differential factor as compared to other banks: Prime Currency Accounts – For foreign currency deposits, (since 1991) Mahana Khushali Scheme – A monthly income plan through deposit of a fixed sum in the account, (since 1991) Hajj Mubarik Scheme – For intending Pilgrims, (since 1991) Capital Growth Certificates – It doubles the deposit of depositor in 5 years. It offers high rate of return and was introduced for fetching long-term deposit, (since 1991) PLS 365 Savings Accounts. – Introduced high earning product with feature of calculation of profit on daily product basis. No restriction on deposit withdrawals and Minimum deposit of Rs. 300,000/- (since 1992) Fund Management Scheme – To generate funds to develop secondary market for Government Securities (from 1991 to 1992) MCB Khushali Bachat Accounts – Savings accounts with added value to customers due to profit application of daily product basis. MCB Dollar Khushali Accounts – For foreign currency deposits, (launched in 1993) FAXPRESS – A fast inter-city Remittance Service, (since 1991) MCB Rupee Travelers Cheques – The most popular product of MCB, introduced Rupee Traveler cheque for the very first time in the country and it immediately fetched high share of the market and MCB share is still growing – (launched in 1993) Consultancy Services For intending buyers of State-owned enterprises being privatized, (since 1991) Self-Financing Scheme – Mark-up free finance from 5000 to 25000. (since 1991) Night Banking Services (since 1991) Utility Bills Collection Centers – Separate utility Bills collection centers were established for collection of utility bills (since 1994) MCB MasterCard – (since 1994) EXPORTMOR – Financing facility for exporter (since 1994) REMITEXPRESS – A fast remittance service between Pakistan and Middle East. (Since 1994) Personal Banking Services- In order to promote Consumer Banking system in the country a proper personal Banking service was started for High Net worth clients of Bank in selected branches (since 1995) MCB Custodian Services – Launched for local and international capital market clients. Online- The largest network of branches in the country and growing. Providing customers with 24Ãâ€"7 real time online facilities. MCB Call Center- Call now for answers to your queries-banking services, ATM services, mobile banking services, RTC services, telebanking services and MCB product information. The state of the art MCB call center is the right choice to keep you in step with your ever hectic schedule by providing you services relating to your account and Smart card at any point in time. Our well-abreast and friendly call center team is available 24 x 7, 365 days a year to ensure that your daily financial obligations are taken care of guaranteeing you a good night’s sleep. Cash Plus-Cash management services for corporate customers help customers substantially reduce their receivable collection time frame, improve cash flow and business management. Islamic banking services through exclusive units/ branches offering a range of liability and asset based sharia compliant products like musharika, murabaha, ijara and istasana. MCB Mobile banking- Banking at your figure tips. Dial in anytime to get information regarding balance and mini statements. At the forefront of technological excellence, MCB proudly introduces MCB MOBILE BANKING. The convenience of accessing your account balance information and mini statements whenever you want or wherever you may need them, with comfort and peace of mind. MCB Mobile Banking service is available to all MCB ATM cardholders, 24 hours – 365 days. Just call our Help Line on 111-000-MCB(622) or any MCB online branch for assistance. Mobile Banking at a Glance MCB Mobile Banking gives you easy and quick access to your account(s) at a time you find convenient, including all holidays. Banking at your Fingertips With MCB Mobile Banking you can: Check your balance View the last 4 transactions of your MCB account(s). A Free Service MCB Mobile Banking is a free service for MCB account holders who have an ATM card. All you pay for is the cost of an SMS message if charged by the service provider. MCB lockers- The best protection for your valuables. Lockers of different capacities are available nationwide. Pyara ghar- Flexible and competitive home financing facility with options of home purchase, construction and renovation. MCB car cash- Car financing and leasing at competitive rates with flexible options. Largest ATM Network- of 100 ATMs connected to worldwide ATM network of about 350,000 ATMs along with Cirrus and Maestro facility enabling MCB ATM card to be used All over the world anywhere in the country. CUSTOMER SATISFACTION For any organization to succeed, it is extremely vital to ensure Customer Satisfaction. Banks being in service sector, it is highly important that high service standards be maintained and real value to their money is provided to its customers. In order to do so MCB took three revolutionary steps: Provision of comparatively batter service to its customers as compared to other banks through value added features of low cost, quick disposal of work and friendly environment. Modernization, Computerization of most of the branches enabled Bank stay abreast with the technology and provision of better service at the root level to its customers. Bank also started an ongoing process of Branch face lifting creating a better congenial environment for its customers. In order to be more customers’ conscious, MCB started a very effective and timely action system on Customer Complaints Departments in MCB Brief functions and responsibilities of departments at MCB are as follows. Human Resources and legal group: ? Recruitment. ? Training. ? Transfer posting. ? Promotions. ? Disputes. ? Staff loans. Banks operations group: ? Policy. ? Premises. ? Capital operating expenses processing. ? Return consolidation. ? Reconciliation. ? Product sales. Relationship co-ordination. ? Service standards. ? Customer complaints. Financial Institution overseas group: ? Inter-bank exposure. ? Forex licensing. Financial control Audit group: ? Audit internal control. ? Budgeting planning. ? Monitoring of expenses. ? Financial reports. Credit risk management group: ? Credit proposal evaluation analysis. ? Project financing. ? Monitoring of credit portfolio of bank. . Corporate banking group: ? Placement of all multi-national public sector companies. Consumer banking group: ? Penetration in high net-worth customers. ? Earning increase. Customer retention. Commercial banking group: ? Conduction of normal retail operations. Treasury FX group: ? Funds management. ? Investment management. Assets management group/ Fraud control group: ? Classified portfolio looks after. ? Special assets management. ? Restructuring / Rescheduling. ? Out of court settlements Information technology group: ? ATM / CIRRUS facilities. ? I. T. related franchise management. ? SWIFT system. ? On-line branches network look after. ? Hardware / software support. MCB’s Management Hierarchy Business of MCB MCB is in it’s over 50 years of operation. It has network of over 1,100 branches all over the country with business establishments in Bangladesh, Sri Lanka and Bahrain. The branch break-up province wise is Punjab (57%), Sindh (21%), NWFP (19%) and Baluchistan (3%) respectively. MCB has an edge over other local banks, as it was the first privatized bank. The State Bank of Pakistan has restricted the number of The Consumer Banking of MCB provides customers with innovative saving schemes, products and services. The ATM network of MCB is the largest in Pakistan and the Pak Rupee Travelers Cheques are market leaders. MCB was the first to introduce the Photo Card with the launch of the MCB MasterCard. The Corporate Banking of MCB ensures assistance from a dedicated team of professional financial advisors for underwriting, project finance or corporate advisory services. When it comes to banking practices, the consumer can depend on MCB, because it’d been around for over fifty years. The State Bank of Pakistan has restricted the number of branches that can be opened by foreign banks, an advantage that MCB capitalizes because of its extensive branch network. Eight years after privatization, MCB is now in a consolidation stage designed to lock in the gains made in recent years and prepare the groundwork for future growth. The bank has restructured its asset portfolio and rationalized the cost structure in order to remain a low cost producer. MCB now focuses on three core businesses namely Corporate, Commercial and Consumer Banking. Corporate clientele includes public sector companies as well as large local and multi national concerns. MCB is also catering to the growing middle class by providing new asset and liability products. The Bank provides 24 hour banking convenience with the largest ATM network in Pakistan covering 9 cities with around 100 ATM locations. The Bank’s Rupee Traveler Cheques have been market leaders for the past six years. MCB looks with confidence at year 2002 and beyond, making strides towards fulfillment of its mission, â€Å"to become the preferred provider of quality financial services in the country with profitability and responsibility and to be the best place to work†. Corporate Banking MCB’s Corporate Banking Team consists of dedicated professionals with the requisite expertise to take care of the banking needs. The Corporate Bank with 20 branches has its presence in all major cities of Pakistan. The Area Offices are located in Karachi, Lahore and Islamabad. Corporate Platforms have been established in the three principal cities where teams of dedicated Relationship Managers have been posted. These Relationship Managers have been entrusted with the complete responsibility for managing the risk of their allocated portfolios, acting as allusion between the customer and the bank, and providing you with the entire range of products/services offered by the bank. The products/services of the Corporate Bank are broadly divided into the following categories: Working Capital Loans: The working capital loan includes Running Finance, Cash Finance, Export Refinance, Pre-shipment and Post-shipment etc. Term Loans: Offer Short to Medium Term Finance to meet capital expenditure of the customer business needs. Trade Finance Services: Trade finances services that include an entire range of import and export activities including issuing Letters of Credit (L/Cs), purchasing export documents, providing guarantees and other support services. Cash Management: The network of about 1100 branches in Pakistan enables the bankers to collect and disburse payments efficiently with the MCB cash management services. This also enables. the bankers to offer the customer’s choice of paper based or electronic fund transfer solutions including collection amounts, rose branch on- line transactions etc. Investment Banking The Investment Banking Team of MCB has emerged as a leading player in Pakistan’s investment banking arena. The Team handles advisory, corporate finance and capital markets related transactions. Within these areas, the investment banking team of the MCB has developed expertise in the following areas of the investment: Private Placements Debt/Equity Underwriting Term Finance Certificates Loan Syndication Arrangement of Non- Fund Facilities Mergers and Acquisitions Financial Highlights The results for the year 2001 are reflective of sustaining all-around efforts over the few years, to maintain profitable growth along with prudent and proactive risk management and expansion of product range of customers. Pre-profit for the year 2001 was Rs. 2. 0 billion as against Rs. 1. 32 billion in 2000-a healthy increase of 59%. Growth in profitability is primarily due to fund-based activities through efficient assets and liability management. Fee based income was lower despite increase in volumes due to competitive pricing and discontinuation of charges on PLS accounts. Administrative expenses grew by 3% generally attributed to absorb effect of inflation and enhancement in Govt. levies. Pr agmatic efforts are, however, under way to manage costs in relation to revenues to further improve the revenue/expense ratio. Higher level of provisions was in the line with the Bank’s policy to upfront recognize problem lending. In 2001, the Bank managed to recover Rs. 2. 19 billion as against Rs. 1. 97 billion in 2000. The balance sheet footings have increased to Rs. 187 billion from Rs. 175 billion primarily based on deposit growth. Deposits have registered a substantial increase of 14% and stand at Rs. 154. 5 billion in 2001 as against Rs. 136 billion in 2000. Despite of low PLS deposit rates, branch network has shown a commendable performance by increasing and managing the deposit mix. This has been possible by improvement in customer services and targeted sales of products like ATM cards. Net advances as at December 31, 2001 stood at Rs. 76. 6 billion, a reduction of Rs. 9. 8 billion. Demand for credit from manufacturing and export clients fell considerably, post September 11,2001, which led to a reduction in advances as on the balance sheet date from a higher level during the year. Leadership in Rupee Travelers Cheques: Sales have grown by 26% in the year 2001 and continue to reflect meteoric growth. With the extension of the generic brand, increase in the range of denomination backed by a powerful verification system and over 900 branches involved in this business. Leadership in ATM’s: With around 100 ATMs and 170 online branches, MCB is again an undoubted Indus leader with connectivity extended to 16 cities of Pakistan. In the year 2002 further ATM will be deployed and connectivity increased to other cities. MCB ATMs not only serve 24-hour cash convenience but also improve on the counter services and turn around time at cash counters. The MCB ATM Master Card with Maestro and Cirrus networks has become a global ervice furthering the convenience to our customers. Traveling customers can access their account from a large number of internationally deployed ATMs and point of Sale (POS) units. The MCB ATM Switch – MNET is now operational. IT GROUP of MCB has been able to create the largest network for secure electronic financial transactions in Pakistan. Local branches of six international banks are connecting to this network. This will enable participating banks to use each others’ ATMs resulting in an increased convenience to MCB customers and customers of other banks. The IT Group is currently expanding the network capability to provide the customers access to banking through multiple electronic channels. American Express Bank enters into an ATM sharing alliance with Muslim Commercial Bank: Muslim Commercial Bank Limited and American Express Bank Ltd. signed a Memorandum Of Understanding creating a mutually beneficial alliance, which will enable customers of American Express Bank to use ATM facilities offered by Muslim Commercial Bank. Mr. Taufiq A. Hussain, Country Manager, American Express Bank Ltd. , Pakistan in a simple ceremony in Karachi, signed the MOU. MCB has setup an ATM Switch called MNET and American Express Bank is the fourth foreign bank to sign the sharing MOU. Speaking at the ceremony – AEB Country Manager said, â€Å"Customer service quality is the cornerstone of AEB’s philosophy and this initiative will significantly enhance our customer service capability for our consumer banking clients†. He added â€Å"After having considered various routes to acquire this capability AEB selected MCB as an ideal partner keeping in view the large network capability and long standing relationship with MCB†. MCB with a network of over 1000 branches in the largest private sector bank of the country. The Bank is a market leader in 24 hour banking convenience with the largest nationwide ATM network covering 11 major cities in all provinces of the country. CITI bank and Muslim Commercial Bank sign ATM sharing agreement: Muslim Commercial Bank and CITI Bank signed an ATM sharing agreement today. By the middle of this year, both Banks’ customers will be able to use the services of either Bank’s ATMs. Seen at the signing  ceremony are Mr. Haroon Basheer Sheikh, Head of Consumer Banking and Information Technology – MCB and Mr. Nadeem Hussain, General Manager Global Manager Global Consumer Banking – CITI Bank Pakistan with their respective team members. Standard Chartered Grindlays and Muslim Commercial Bank to launch co-branded credit card: Rated as Pakistan’s best banks (‘domestic’ and foreign’ respectively) by Euro money magazine Muslim Commercial Bank (MCB) and Standard Chartered Grindlays signed a Memorandum of Understanding to launch the first-ever joint servicing co-branded credit card in Pakistan. Under the arrangement the partnering banks will have shared as well as distributed responsibilities to service the customers in line with their respective strength’s. The Partnership will derive its strength by combining the large diversified customer base of MCB and the track record of Standard Chartered Grindlays in managing a successful credit card business in Pakistan. MCB, the largest Private Bank in Pakistan, has over four million accounts domiciled in 1100 branches across the country. Standard Chartered Grindlays, the largest foreign bank in Pakistan, has over ninety thousand satisfied card members and is a leading international player in the cards business. With this new initiative the customers product of the two leading banks in Pakistan. This agreement further strengthens the relationship between these two banks; earlier this year Standard Chartered Grindlays signed an agreement to join MCB’s switch/ATM network, the largest in the country. FAYSAL BANK LIMITED to sell Muslim Commercial Bank’s Rupee traveler’s cheques: Muslim Commercial Bank Limited and Faysal Bank Limited signed an agreement for the Sale and purchase of MCB Rupee Travelers Cheques at all 11 Faysal Bank branches in Pakistan. Main categories of Account opening form: Type of Account There is a category of â€Å"Type of Account â€Å", the customer can check any option to open a certain account. Following are certain kinds of accounts: Current PLS-Saving MCB Saving-365 Khushali Bachat PLS Term Deposit New Foreign Currency Account (Current/Saving) Currency There is a category of â€Å"Currency† in the form: In this section there are four kinds of currencies are given in which MCB opens account. They are: Pakistani Rupee US dollar Nature of Account There is a category of â€Å"nature of account† i. e. Individual Partnership Sole proprietor Joint stock company Introduction Before opening an account a banker should ascertain weather or not the person desirous of opening the account is a desirable customer. There is Reference section in the form in which the person who wants to open an account must provide a reference of a person who has already an account with MCB. For current account only reference of current account holder is accepted whereas for saving account reference of any whether current or saving is allowed. Preliminary investigation is necessary because of the following reasons: ? To avoid frauds ? Safe guard against unintended overdrafts ? To avoid negligence ? To replay inquiries against clients ? To comply with Prudential Regulations/Laws There is a specimen signature card with the bank on which the signature of account holder is to be taken while opening of his account. And then he is issued with a cheque book. It is advised that one must keep his cheque book under proper care but there are cases that people sometimes lost their cheque books. In that case there is an application form in the name of manager is available and the customer who wants to get a new cheque book fills that form and gives it to the manager then he is provided with a new cheque book. In other case a requisition slip is present in the cheque book and whenever the customer wants a new cheque book he simply fills that requisition slip and presents it to manager and gets a new cheque book. Know your Customer In view of recent heightened global efforts to prevent the possible use of the banking sector for money laundering, terrorist financing, transfer of illegal/ill-gotten monies and as a conduit for white collar crime etc, the importance of â€Å"Know your Customer† has increased. The objective of knowing a customer is to have a fair idea about the identity, financial resources and general information about the customer at the time when the relationship is established. A banker must have following information about the customer: Customer’s Name: Enter complete name as mentioned in original Identity Card/other business documents. Nature of Business/Profession: If the customer is of salaried class then banker will enter his employer’s name. If the customer is a businessman, trader, sole proprietor, then the banker will enter the business name. Also enter the customer’s title/position and address of the employer/business. Addresses with P. O. Box are not acceptable. Similarly remarks like â€Å"Private Service†, â€Å"Business† are not acceptable, rather specify what type of company/business the customer is associated with. In case of individual his attested Photocopy of national identity card or passport is required, in case of salaried person, attested photocopy of his sarvice card. In case of partnership attested photocopy of identity cards of all partners is required and attested photo copy of â€Å"Partner ship Deed† along with a copy of Registration certificate with registrar of firms. In case of Company, Memorandom and Article of association, certificate of incorporation, certificate of commencement of business and attested photocopy of identity cards of all the directors is required. Address: Enter the complete residential/business address. Within the brackets you may also provide prominent address identification marks for ease of physically locating the address. Contact Number: Enter home, official, mobile, fax numbers and e-mail address (if available). Special Instructions: Clear-cut operational instructions must be obtained from the customers. If the customer has not given any special instructions in specified column, the column must be cancelled by drawing a line, as this column must not be left blank under any circumstances. The bankers considered the following points while opening the accounts: Remittances Department The next department I worked in is Remittances department. The incharge of this department, Mr. Khalid told me that there are four kinds of remittances they deal in: ? Telegraphic Transfer ? Mail transfer ? Demand Draft ? Pay order Another task of this department was to issue the traveler cheque and to give the ATM card numbers. Here is a little detail of all of these works: Telegraphic Transfer: It is a facility provided by the bank through which a customer can send or transfer any amount immediately. The procedure for the customer is simple. And more importantly the person who wants to transfer the funds may not have the account in the bank even then he can avail this facility. The procedure is like this, a customer walks in and fills an application form named as â€Å"APPLICATION FOR REMITTANCE† in which he mentions the bank to which he wants to transfer the funds also the name of the payee, his account number, also he has to mention his own address etc. then there are charges for this special facility provided by the bank and the bank receives these from the person who is sending the funds. Further there are two kinds of telegraphic transfers: Ordinary TT TT The ordinary TT reaches to its destination after two days of its dispatchment whereas simple TT reaches to its payee immediately because the payee branch is informed immediately through telephone and fax. For ordinary TT only two vouchers are prepared: Commission Voucher Postage Voucher Whereas for TT three vouchers are prepared: Commission Postage Telephone charges In the application form of TT there are two options available for the person who is sending the funds i. e whether the payees account is credited for the same amount or payee is simply to receive the payment in hand. Documents Prepared: The documents that are prepared for the TT are: TT register Remittances Confirmation of cable sent And afterwards whole of these information are recorded in a big register named as: Branch outward remittance register And after this procedure the respective branch is informed through telephone. Recommendations This whole procedure is quite lengthy and hectic. So the only recommendation that could be given is, it must be computerized Another task of the accounts department is to give the customers the ATM card number. The procedure is like this that when a customer applies for the ATM card, he is given a certain time to collect the card. On due date the customers gets his card from manager and for safety purpose the ATM number remains with the account department and the customer gets his number from there. Traveler cheque In account deptt there are two people working. One’s job is to issue the traveler cheque and the other is suppose to make the payment of TC. This work is separated for the purpose of safety and to prevent the frauds. When RTC is issued it is written in Traveler cheque register and when it is paid it is posted in MBIS. Traveler cheque register is used to maintain the stock of RTC’s. When RTC is issued HO RTC deptt. Is credited and when RTC is purchased it is debited. One of the person has the complete register of staff’s salary he maintains a staff salary register. The remittance facilities of the MCB are according to the need of the customer. Your beneficiary will receive the amount even if he/she does not have an MCB account. The Remit Express facilities the MCB can be avail in the following Bank/Companies: Demand draft Demand Draft can be explained as the instrument which is payable on demand as its name implies the same, the value of which has already been received. This instrument is issued by one branch and payable at other branch of same bank or other bank’s branch e. g. DD issued by MCB payable by ACBL. Procedure of issuance: The customer wants to make the DD fills in the same form or application i. e of remittances in which he mentions the DD, the beneficiary’s name, the place, the mode of payment i. e, whther he wants the payee to receive the cash, cheque or debit his account, signature and his name and address Check the application form. Commission is charged as per bank policy. Also excise duty withholding tax are recovered as per applicable rates. Entry is then made in DD issued register. In the DD issued register, separate folio is allotted for each drawee branch and a serial control number is applied. The entries made is DD payable account is credited and cash is debited and when the payee receives the cash against DD, DD payable account is debited and cash is credited. Procedure of Cancellation of D. D. On receiving the application for cancellation in writing along with original DD the signature of the applicant is verified This signature should tally with the signature on DD application form. Then cancellation is marked in DD issued register and the drawee branch is Informed about cancellation. Issuance of Duplicate DD In case of Lost/Stop Payment: Application is received and signature is verified, then the drawee branch is informed about the loss of DD and further they are advised to tell the branch the status of DD i. e whether it has been paid or not. Then a duplicate of DD is issued with â€Å"Duplicate in lieu of original DD No____ dated____ reported lost† written on its face. The duplicate DD will have the same control number. PAY ORDERS: Pay order is a kind of instrument issued and paid in the same branch. It is normally issued for payment in the same city. Procedure of Issuance of Pay order: The customer fills the remittances application form and mark check on pay order. On receiving application he is issued with a pay order after receiving charges. All pay orders are crossed i. e â€Å"Payees a/c only† Procedure of Cancellation of Pay order: On receiving application for cancellation of pay order along with the pay order, it is cancelled and cancellation charges are recovered. Duplicate Pay Order: If the payment of pay order has not yet been made a duplicate copy of it can be made on receiving application from the customer. The duplicate charges are recovered from customer. Clearing Department Clearing: Clearing implies a system by which banks exchange cheques and other negotiable instruments drawn on each other within a specified area and thereby secure payment for their clients through the clearing house at specified time in an efficient way. Clearing House: In past State bank was indulged in clearing function i. e for the settlement of mutual obligations of different commercial banks. As all banks have their accounts and keep a certain percentage of the cash deposits as a reserve with Central Bank, it become easy to set up their mutual obligations by off-setting their accounts. The claim of banks against each other is settled by simple transfers from and to their accounts. These methods of settling accounts though the central bank, apart from being convenient is economical as regards the use of cash since account are adjusted through accounts, there is usually no need for cash. At present this function of state bank is performed by NIFT. And now clearing house is a place where NIFT’s representatives of all scheduled banks sit together and interchange their claims against each other with the help of controlling staff of State Bank of Pakistan and where there is no branch of State Bank of Pakistan the designated branch of National Bank of Pakistan acts as controlling member instead of State Bank of Pakistan. Reasons of Cancellation of Membership: When a bank is no longer a scheduled bank. When any bank fails to meet its liabilities. When It is prohibited to receive fresh deposits by State Bank of Pakistan or Central Government. Advantages of Clearing: dAs clearing does not involve any cash etc and all the transaction takes place through book entries, the number of transactions can be unlimited. dNo cash is needed, as such the risks of robbery, embezzlements and pilferage are totally eliminated. dAs major payments are made through clearing, the banks came manage cash payments at the counters with a minimum amount of cash in vaults. dA lot of time, cost and labor are saved. Since it provides an extra service to the customers of banks without any service charges or costs, more and more people are inclined and attracted towards banking. Rules Regulations of Clearing House: Timing: -Monday through Saturday 1st Clearing 10. 00 A. M. 2nd Clearing 2. 30 P. M. ? Cheques and other negotiable instruments are sent through NIFT’s representative for exchange. ? All the cheques and negotiable instruments must be properly stamped and suitably discharged ? Each and every Cheque must be accompanied by an objection memo when returned unpaid duly initialed. ? Each bank is required to maintain sufficient funds in the principal account with SBP to meet the payment obligations. The State Bank of Pakistan debits the account of each member of the clearinghouse with the proportionate working expenses incurred on the operation of clearing house. These expenses are very nominal. Functioning of Clearing House: All the scheduled banks which are the member of clearing house, must maintain accounts with SBP, by debit and credit to which the clearing settlements are made. If on a particular day, a bank delivers Cheque and other negotiab le instruments worth more than the total amount of Cheque received by it that banks account with State Bank of Pakistan will be credited with the differential amount. If on the other hand the total amount of Cheque and other negotiable instruments drawn on a certain bank by other banks is more than the total amount receivable by it from other banks, then this bank’s account will be debited on that day. The Cheque delivered to the other banks through NIFT’s representatives for clearing are called outward clearing; whereas Cheque received from the representatives of other banks for payment are called inward clearing. How settlement is done in NIFT? Presume that MCB got the Cheque, which are drawn on UNION BANK, UBL and ACBL for amounts Rs. 50,000/-, Rs. 30,000/-, Rs. 5,000/- respectively, its total being Rs. 95,000/-. It means that this amount is to be credited to MCB A/c with S. B. P. On the other hand the Cheques drawn on MCB are from UNION BANK, UBL ACBL of Rs. 15,000/- Rs. 75,000/- and Rs. 30,000/- respectively, its total being Rs. 1,20,000/-. It means that this amount is to be debited from MCB A/c. The difference between Rs. 95. 000/- credit and Rs. 120. 000/- debit is Rs. 25,000/- debit, which means the house, is against MCB for Rs. 25,000/-. If we separately show it then, MCB has to receive Rs. 50,000/- from UNION BANK and to pay Rs. 15,000/- to UNION BANK so difference is Rs. 5,000/- credit. MCB has to receive Rs. 30,000/- from UBL and to pay Rs. 75,000/- to UBL so difference is Rs. 45,000/- debit. MCB has to receive from ACBL Rs. 15,000/- and to pay Rs. 30,000/- to MCB so difference is Rs. 15,000/- debit. GRAND TOTAL: + 35,000, – 45,000, -15,000 = -25,000 i. e. Rs. 25,000/- debit. Hence MCB A/c with State Bank of Pakistan will be debited with Rs. 25,000/- and the contra will be other banks accounts respectively. This is called as â€Å"Debit and Credit Rule†. The amounts and number of instruments received are entered in the House Book from the main schedules of the respective banks. The State Bank of Pakistan maintains two major books for clearing house purpose :- HOUSE REGISTER. This book contains the information about the amounts and number of cheques received and delivered by each bank is noted down. Its columns are just like our clearing house-page. HOUSE BALANCE BOOK: This book contains the amount and number of cheques received and delivered by each bank as well as the amounts which are to be received and paid to respective banks through their accounts by State Bank of Pakistan is written down. This book has the following columns:- |Initials |To Pay Amount |No. f Cheques Received/Delivered |Name of Bank|Received Amount |To Received Amount|Initials | Both sides of this book are balanced. Vouchers are prepared from the slips received from the respective banks and the amounts are compared with this balance book. Summary of Clearing House Working: The working of clearing house may be summarized as under:- ? The instruments are delivered to the respective banks. ? The instruments drawn on our Bank are received from other banks. ? The amount and number of instruments received are entered in the House Book from the main schedules of respective banks. The amount of instruments delivered, received and the difference is written on a Figure slip provided in the clearinghouse and the slip is returned to the supervisor. ? The instruments are arranged branch-wise. ? Schedules are detached and kept safely. OUTWARD CLEARING AT THE BRANCH: The following points are to be taken into consideration white an instrument is accepted at the counter to be presented in Outward Clearing: ? The name of the branch appears on its face where it is drawn on. ? It should not be stale or post dated or without date. ? Amount in words and figures does not differ. Signature of the drawer appears on the face of instrument. ? Instrument is not mutilated. ? There should be no material alteration if so, it should be properly authenticated. ? If order instrument, suitably endo rsed and the last endorsee’s account being credited. ? Endorsement is in accordance with the crossings if any. ? The amount of the instrument is same as mentioned on the paying-in-slip and counterfoil. ? The title of account on the paying-in-slip is that of payee or endorsee (with the exception of bearer cheque). If an instrument is in order then our bank’s special crossing stamp is affixed across the face of the instrument. Clearing stamp is affixed on the face of the instruments, paying-in-slip and counterfoil (The stamp is affixed in such a manner that half appears on paying-in-slip and half on counterfoil). The instrument is suitably discharged, where a bearer cheque does not require any discharge and also an instrument in favor of a bank need not be discharged. The instrument along with paying-in-slip is retained while the counterfoil is given to the customer duly signed. Then the following steps are to be taken:- ? The particulars of the instruments and the pay-in-slips or credit vouchers are entered in the Outward Clearing Register. Serial number is given to each voucher. ? The register is balanced, the credit vouchers are separated from the instruments and are released to respective departments against acknowledgement in the register. ? The instruments are arranged bank-wise. ? The schedules are prepared in triplicate, two copies of which are attached with the relevant instruments and the third i s kept as office copy. ? The house page is prepared from schedules in triplicate. ? The Officer Incharge with branch stamp signs the schedules and house pages. ? The grand total of the house page is taken and agreed with that of the outward clearing register. The instruments along with duplicate schedules and house-page are sent to the Main Office. ? However the amount is kept in float till final status of various instruments is known from respective paying banks in second dealing. The entry of the instruments returned unpaid is made in Cheques Returned Register. If the instrument is not to be presented again in clearing then a covering memo is prepared. The covering memo along with returned instrument and objection memo is sent to the customer who deposited the same in his account. INWARD CLEARING OF THE BRANCH: The particulars of the instruments are compared with the list. The instruments are detached and sorted out department-wise. ? The entry is made in the Inward Clearing Regis ter (Serial Number, instrument number, Account number and amount of instrument is written). ? The instruments are sent to the respective departments against acknowledgement in the Inward Clearing Register. ? The instruments are scrutinized in each respect before honoring the same. OUTWARD CHEQUES RETURNED UNPAID: These are the cheques returned unpaid by us presented to us in Inward Clearing due to some objections. INWARD CHEQUES RETURNED UNPAID: These are the cheques returned unpaid to us, which were lodged by us in Outward Clearing. RETURN OF CHEQUES AFTER CLEARING HOUSE: Suppose all cheques received in the inward clearing are passed and later on it is found that a cheque should have been returned. In such cases, we contact the collecting branch and request them not to make payment against the proceeds of the cheque which was not returned unpaid by us in due time. The cheque with objection memo along with a covering letter is sent to the collecting branch, making request to issue a payment order in our favor. To balance the cash-cum-day book we may debit Suspense A/c Sundry Debtors with the approval of the manager. When the payment order is received, it is lodged in clearing and the Suspense A/c -Sundry Debtor is adjusted accordingly. SPECIAL CLEARING: In addition to the normal clearing function at Clearing House it is mutually agreed to hold an extra clearing at the Clearing House on a particular day and time, which is known, as â€Å"Special Clearing†. It is arranged due to rush of work arising out of say, m How to cite Mcb Internship Report, Papers

Mean Girls vs Julius Caesar Essay Example

Mean Girls vs Julius Caesar Paper The Tragedy of Julius Caesar and Mean Girls Both of these works were written in two different time periods, but have some of the most similar ideas. One way that these ;o arts are similar is the main leader Of their respective places. Another way theyre similar is the surrounding characters. Lastly, the other thing that is similar is the plot of each. In short, these two pieces of work are similar because the main ruler inside the work, the supporting actors, and how the story flows and goes. The first of the similarities is the leader of the movie and play. You can consider Regina George, the leader of the school campus, can be seen as Julius Caesar. She is the most popular at the school and everyone likes her, even though she doesnt like them too much. This is like when Julius Caesar was arriving back to Rome after his defeat of Pompom and everyone jumped to love Caesar even though their former great leader had died at hands of the fresh guy. Also, the other characters of both despise a plan to take down the popular being: Caesar and Regina. We will write a custom essay sample on Mean Girls vs Julius Caesar specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Mean Girls vs Julius Caesar specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Mean Girls vs Julius Caesar specifically for you FOR ONLY $16.38 $13.9/page Hire Writer This showed that they all had a powerful struts and hate towards the main leader. The second similarity is the supporting actors around the main leader. Caddy Heron, the new girl at the school, can be seen as Brutes. She seems to like Regina (Caesar) but in her mind, all Caddy could think about was destroying Regions life. Janis was the first to become friends with Caddy and told her the ways of high school. Janis can be seen as Cassias because she was once great friends with Regina George, just like Caesar and Cassias being friends but soon lost their relationship due to a certain couple of personal issues. Also, Caddy was manipulated to take down Regina, just like Cassias was to Brutes. Gretchen and Karen can also be seen as conspirators because they begin to see problems developing between the Plastic Group and with Regions popularity. Soon, they join forces with Caddy because of loss of confidence in Regina being leader. The third and final similarity is the plot of the play. The comparison is obvious: they try to take down the main leader. There are also some other things that can be thrown in to be included. The Candy Canes that were ended out during Christmas are like the letters forged by Cassias and sent or Brutes. This started Gretchen questioning of Regina not liking her many more. This is mainly because Caddy forged Regions name on the Candy Cane, making Gretchen feel bad. Another one is the Burn Book being like the Will read by Marc Antonym in Julius Caesar. Both wanted people to get angry at the persons who had been accused of wrongdoing and emotions spiked all at once. The majority in both had exploded into a rage near the end. Julius Caesar had the citizens of Rome March around looking for conspirators to kill ND Mean Girls 2 had full-out brawling in the hallways of the school. They all worked together to make sure it wouldnt happen again. Also, the main leaders of the works both get taken down by something greater than them, with Regina getting struck by a bus and Caesar inside of the stabbing ring. In conclusion, both of these pieces are super similar. The similarities are the leaders of each piece of art, the surrounding characters of the leaders, and the plots of those works. Even though these were both written by different directors, it seems that they had some of the same ideas and thoughts.

Anatomy, Evolution, and Homologous Structures

Anatomy, Evolution, and Homologous Structures If youve ever wondered why a human hand and a monkeys paw look similar, then you already know something about homologous structures. People who study anatomy define these structures as a body part of one species that closely resembles that of another. But you dont need to be a scientist to understand that recognizing homologous structures can be useful not just for comparison, but for classifying and organizing the many different kinds of animal life on the planet. Scientists say these similarities are evidence that life on earth shares a common ancient ancestor from which many or all other species have evolved over time. Evidence of this common ancestry can be seen in the structure and development of these homologous structures, even if their functions are different. Examples of Organisms The more closely organisms are related, the more similar the homologous structures are. Many mammals, for example, have similar limb structures. The flipper of a whale, the wing of a bat, and the leg of a cat are all very similar to the human arm, with a large upper arm bone (the humerus in humans) and a lower part made of two bones, a larger bone on one side (the radius in humans) and a smaller bone on the other side (the ulna). These species also have a collection of smaller bones in the wrist area (called carpal bones in humans) that lead into the fingers or phalanges. Even though the bone structure may be very similar, function varies widely. Homologous limbs can be used for flying, swimming, walking, or everything humans do with their arms. These functions evolved through natural selection over millions of years. Homology and Evolution When Swedish botanist  Carolus Linnaeus was formulating his system of taxonomy to name and categorize organisms in the 1700s, how the species looked was the determining factor of the group in which the species was placed. As time passed and technology advanced, homologous structures became more important in deciding the final placement on the phylogenetic tree of life. Linnaeuss taxonomy system places species into broad categories. The major categories from general to specific are kingdom,  phylum,  class,  order,  family,  genus, and  species. As technology evolved, allowing scientists to study life at the genetic level, these categories have been updated to include domain, the broadest category  in the taxonomic  hierarchy. Organisms are grouped primarily according to differences in ribosomal  RNA  structure. Scientific Advances These changes in technology have altered the way scientists categorize species. For example, whales were once classified as fish because they live in the water and have flippers. After it was discovered that those flippers contained homologous structures to human legs and arms, they were moved to a part of the tree more closely related to humans. Further genetic research has demonstrated that whales may be closely related to hippos. Bats were originally thought to be closely related to birds and insects. Everything with wings was put into the same branch of the phylogenetic tree. After more research and the discovery of homologous structures, it became apparent that not all wings are the same. Even though they have the same function- to make the organism able to get airborne- they are structurally very different. While the bat wing resembles the human arm in structure, the bird wing is very different, as is the insect wing. Scientists realized that bats are more closely related to humans than to birds or insects and moved them to a corresponding branch on the phylogenetic tree of life. While the evidence of homologous structures has long been known, it has just recently been widely accepted as evidence of evolution. Not until the latter half of the 20th century, when it became possible to analyze and compare DNA, could researchers reaffirm the evolutionary relatedness of species with homologous structures.

The Concept of Gemeinschaft and Gesellschaft

The Concept of Gemeinschaft and Gesellschaft Gemeinschaft and Gesellschaft  are German words that mean community and society respectively. Introduced in classical social theory, they are used to discuss the different kinds of social ties that exist in small, rural, traditional societies versus large-scale, modern, industrial ones. Gemeinschaft and Gesellschaft in Sociology Early German sociologist Ferdinand  Tà ¶nnies introduced the concepts of  Gemeinschaft (Gay-mine-shaft)  and  Gesellschaft  (Gay-zel-shaft) in his 1887 book  Gemeinschaft und Gesellschaft. Tà ¶nnies presented these as analytic concepts which he found useful for studying the differences between the kinds of rural, peasant societies that were being replaced across Europe by modern, industrial ones.  Following this, Max Weber further developed these concepts as ideal types in his book  Economy and Society  (1921)  and in his essay Class, Status, and Party. For Weber, they were useful as ideal types for tracking and studying the changes in societies, social structure, and social order over time. The Personal and Moral Nature of Social Ties Within a  Gemeinschaft   According to  Tà ¶nnies,  Gemeinschaft, or community, is comprised of  personal social ties and in-person interactions that are defined by traditional social rules and result in an overall cooperative social organization. The values and beliefs common to a  Ã¢â‚¬â€¹Gemeinschaft  are organized around appreciation for personal ties, and because of this, social interactions are personal in nature.  Tà ¶nnies believed that these kinds of interactions and social ties were driven by emotions and sentiments (Wesenwille), by a sense of moral obligation to others, and were common to rural, peasant, small-scale, homogenous societies.  When Weber wrote about these terms in  Economy and Society, he suggested that a  Gemeinschaft  is produced by the subjective feeling that is tied to affect and tradition. The Rational and Efficient Nature of Social Ties Within a  Gesellschaft On the other hand,  Gesellschaft, or society, is comprised of impersonal and indirect social ties and interactions that are not necessarily carried out face-to-face (they can be carried out via telegram, telephone, in written form, through a chain of command, etc.). The ties and interactions that characterize a  Gesellschaft  are guided by formal values and beliefs that are directed by rationality and efficiency, as well as by economic, political, and self-interests. While social interaction is guided by  Wesenwille, or seemingly naturally occurring emotions  in a  Gemeinschaft, in a  Gesellschaft,  Kà ¼rwille, or rational will, guides it. This kind of social organization is common to large-scale, modern, industrial, and cosmopolitan societies that are structured around large organizations of government and private enterprise, both of which often take the form of bureaucracies. Organizations and the social order as a whole are organized by a complex division of labor, roles, and tasks. As Weber explained, such a form of social order is the result of rational agreement by mutual consent, meaning members of society agree to participate and abide the given rules, norms, and practices because rationality tells them that they benefit by doing so. Tà ¶nnies observed that the traditional bonds of family, kinship, and religion that provide the basis for social ties, values, and interactions in a  Gemeinschaft  are displaced by scientific rationality and self-interest in a  Gesellschaft. While social relations are cooperative in a  Gemeinschaft  it is more common to find competition in a  Gesellschaft. Gemeinschaft  and  Gesellschaft  in Modern Times While it is true that one can observe distinctly different types of social organizations prior to and after the industrial age, and when comparing rural versus urban environments, its important to recognize that  Gemeinschaft  and  Gesellschaft are ideal types. This means that though they are useful conceptual tools for seeing and understanding how society works, they are rarely if ever observed exactly as they are defined, nor are they mutually exclusive. Instead, when you look at the social world around you, you are likely to see both forms of social order present. You may find that you are part of communities in which social ties and social interaction are guided by a sense of traditional and moral responsibility while simultaneously living within a complex, post-industrial society.