Malaysian Ringgit Forex Currency Notes & Exchange Rates: Images

Foreign Exchange is required by any traveller who is willing to travel abraod - i.e. outside his home country where the currency in curculation might be different. Before starting the travel, the simplest way to buy the foreign currency is from your local forex exchange shops or brokers who deal in foreign exchanges. After your abroad trip, you can also sell the remaining foreign currency back to the same broker at that day's prevailing rate. Other places to buy forex currecny is at the airports where you have the authorized money exchangers, but the problem there is that the rates are too high for buying forex and too low for selling forex, hence you end up on the loosing side.
So what most of the people do is buy/sell the forex currency from local foreign exchange brokers or forex brokers as they quote good competitive rates.

Malaysian Ringgit Forex Currency Notes Picture

However, there is still a problem. You are travelling to a new country and you dont know anything about its currency. There are chances that you may end up becoming a victim of forged or fake forex currency being sold to you. Hence, it is very important for you to have some idea or say a visal image of the forex currency with some basic details.
Hence, in this series of articles focussed on Forex Currency and Foreign Exchange related information, we will provide you with the digital images of the various forex currencies so that your get a look and feel of how the forex currency looks like. Along with that, we will also cover details about the denominations of currency notes in which a particular currency is available.
Let's begin with the series with the Malaysian Ringgit Forex Currency and the Foreign Exchange details. Here is an image of the Malaysian Ringgit Currency Notes which are in circulation.
As shown in the picture above, the Malaysian Ringgit Currency notes come in the denominations of 1, 5, 10, 20, 50 and 100 Ringgit. There are Malaysian Ringgit Coins also called the Cents, which come in denominations of 1, 5, 10, 20 and 50 cents.

Please note that above image or picture of Malaysian Ringgit is just for illustration purpose to give a look and feel of Malaysian Ringgit currency notes to travellers who are interested in dealing in Malaysian Ringgit Forex. It is not to be used for any other purposes.
Whenever you buy foreign exchange currency from someone, please always take care of the following points:

1) Always buy/sell Forex currency through a registered foreign exchange brokerage firm or forex trading firm

2) Always insist on receipt of the transaction

3) Chances are that in some countries you may be asked to provide some documents (like copy of of passport, visa etc.) to buy/sell the forex currency notes. While handing over the copies, do mention on them some info like "For buying 1000 Malaysian Ringgit on (date) from (Forex Broker Firm name)". Such things ensure that your documents are safe and cannot be misused

Manganese Ore IPO: Market Experts Recommendations for MOIL IPO

The time has come for Manganese Ore MOIL IPO to hit the primary markets tomorrow, i.e. Friday.
We had given the details and review about the much awaited Manganese Ore IPO in our article Manganese Ore IPO: Review Analysis & Details. Today, we continue on the same topic covering the details about the expert opinions for the Manganese Ore IPO as per the various market voices and whether the investors should subscribe to this MOIL IPO or not.
In general, the market mood is that Manganese Ore IPO should be subscribed to

Many experts and analysts believe that the offered price band of Manganese Ore IPO which is set at Rs 340-375 per share competitive enough for investors to give it a shot through the IPO. Manganese Ore Logo Compared to its peers and other companies in the ore business, this IPO looks attractive when one sees it from the PE multiple ratio. At the lower and upper price bands, the PE multiple is hovering from around 8.5 to 9.5 times the FY11 earnings, which makes it real attractive.

If you look at the past 2 years of performance of this company, you will see that the performance has not been upto the mark. However, that can be attributed to the general global recession phenomenon and problems across the world economy. Going forward, outlook appears to be good and hence this company is expected to perform well. For long term investment horizon, this company is expected to give good returns with respect to the IPO price band of Rs 340-375 per share. For the long term investors, the situation is expeted to be good.
Dont expect real big returns of 30% or so from MOIL IPO, as it happened with Coal India IPO.
India is a fast growing market and Manganese Ore holds the monopoly in Indian Manganese market. Analysts believe that more technological advances will help Manganese Ore to get more profits in long term, so it is recommended even for a long term hold.
Investors should take the call as per their risk appetite. These are expert opinions which are subject to market risks. See more details on Hindustan Copper FPO IPO: Review and the upcoming Shipping Corporation SCI FPO IPO: Review

Shipping Corporation SCI FPO IPO: Review Analysis & Details of Shipping Corporation of India SCI FPO IPO

It's the season of IPO's and FPO's. Most importantly, majority of them are coming from the Government of India which is attempting to capitalize upon the easy money collection opportunities offered by Stock markets through IPO and FPO.
The FPO or follow-on public offer of the another government owned healthy company called Shipping Corporation of India SCI Limited is coming up. Investors who are interested in applying for this FPO or IPO should note that this is NOT an IPO, rather it is an FPO since the Shipping Corporation of India SCI Shares are already listed on the stock exchanges. As reported earlier, the Coal India IPO was a huge success a few days back, and then we have a Power Grid FPO IPO: Review Analysis & Details and Manganese Ore IPO: Review Analysis & Details followed by Hindustan Copper FPO IPO: Review.
In this article, we will look at the Review, Analysis and Details of the Shipping Corporation of India SCI FPO and try to do the Review and analysis of Shipping Corporation of India SCI FPO.

Shipping Corporation of India SCI FPO: Review Analysis & Details

Some basic details first about the Shipping Corporation of India SCI FPO, which are available as of now:

- The SCI or Shipping Corporation of India SCI is the largest shipping company of India
- The details about FPO price of Shipping Corporation of India SCI is not knows as of yet. However, if the FPO price is offered at a discount to the current price, it is worth subscribing to the FPO
- Being a Navratna company, it is recommended for both a medium term and long term hold

What is the issue size of the Shipping Corporation of India SCI IPO?
A total of 8,46,90,730 shares will be sold through the FPO. Shipping Corporation of India SCI IPO
What is the price band of Shipping Corporation of India SCI IPO?
No official confirmation as of yet.

How many shares will be sold in the Shipping Corporation of India SCI IPO?
The total no. of shares to be sold through this IPO is a total of 8,46,90,730 shares.

What is the trading symbol & exchange for the Shipping Corporation of India SCI IPO
No info about that

What are the IPO dates for Shipping Corporation of India SCI IPO
The Shipping Corporation of India SCI IPO FPO dates are expected to be November 30, 2010 to December 3, 2010.

Any ratings given to Shipping Corporation of India SCI IPO?
No information about that. However, being a Navratna company already listed in the stock markets, this is known to be having very good fundamentals

What are the analysts recommendations and business results for Shipping Corporation of India SCI IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPO since it is a government owned company. The same discount applies for Shipping Corporation of India SCI Employees as well. The employees will also get the 5% discount.
Another good news is that the retail investors can now bid with the 2 Lakh upper limit, as per the new SEBI norms. Hence, the more money you have, the more you can play around with. But please note that this is an FPO, not an IPO. So the prices will be dependent on the existing listed shares. Dont expect to double your money through this FPO.

Whether to invest in this company or not is the big question. Most of the market experts believe that the SCI or Shipping Corporation of India has very good fundamentals. The pricing of this SCI or Shipping Corporation of India FPO will be the most important criteria for this FPO subscription. See Shipping Corporation of India SCI FPO IPO: Market Experts Recommendations

Shipping Corporation of India SCI FPO IPO: Market Experts Recommendations

We continue further from our previous article Shipping Corporation of India SCI FPO IPO: Review Analysis & Details Shipping Corporation of India SCI IPO
The pricing of this FPO will be the most important criteria for this FPO subscription. In this article, we will cover details about

Market Experts Recommendations for Shipping Corporation of India SCI Limited FPO IPO


This is the largest shipping company of India and has a Liner services to all trading partners of India across the globe.
This has the capacity to carry anything and everything - dry, liquid, liquified gaseous forms of cargos and that's what gives this company a big headstart and advantage
It has 74 vessels to its fleet - offering a big variety of dry bulk carriers, passenger-cum-cargo vessels, container vessels, VLCC - very large crude carriers, crude oil tankers, product tankers, phosphoric acid and chemical carriers, ammonia& LPG carriers, and offshore supply vessels
It has also diversified into new areas of services
Both for the long term and short term holding, this stock is recommended by majority of the market experts.
Howeverm Investors should also leave some room for downside, in case the overall market collapses. The markets are going sea-saw recently. And the final price of the listing date of this FPO will be the most important. Hence, owing to various factors, the stock market may move either way and so can the price of this stock of Shipping Corporation of India SCI.
SBI Capital Markets Limited, ICICI Securities Limited and IDFC Capital are BRLM's to the FPO issue

Resale Property Purchase Checklist: for Buying a Resale Apartment/ Flat

Today, it is becoming more and more difficult to get a residence of your choice. Builders make tall claims for under-contruction apartments, quote very high charges, take years for it to complete and at the time of giving the possession, they do not deliver what was promised. Common people like you and me find it difficult to undestand the complex jargon mentioned in the agreement where everything is in favour of the builder and we fall prey to their tactics. Property Resale
However, some of these problems can be avoided if you go for a ready possession apratment or a resale property. Resale properties are the ones which are already bought & ownded by an existing customer and he is now willing to sell it off due to some or the other reasons. In this series of articles, we will provide a

Checklist for resale property purchase

which the prsopective buyers should keep in mind before signing the resale deal.
The reasons for resale of a property can be many - the real estate prices might have increased, so the seller may be willing to capitalize on that profit. The seller may be in urgent need of money. The seller might be shifting to another location or city. Or the worst of it, there may be problems with the property he has bought, so he wants to dispose it off and get rid of the problems - basically, passing on the problem to the new buyer.

The last situation mentioned above is the worst, so there the new buyer should be extra careful about buying a re-sale property or apartment.
Anyways, lets start with the Advantages Of Buying A Resale Property

Advantages Of Buying Resale Property: Resale Property Purchase Checklist

Continuing further from our previous article, Resale Property Purchase Checklist: for Buying a Resale Apartment/ Flat, in this part we present the

Advantages Of Buying Resale Property: Resale Property Purchase Checklist

. Here are the basic advantages and benefits of Buying a resale property: Property Resale

1) You get what you see. You dont have to live under the long waiting period of what builder will deliver in case of buying an under-construction flat.

2) You will know what amenities like swimming pool, clubhouse, etc. are actually available

3) You will know the maintence costs and society charges upfront

4) You can move in quickly into your bought flat. So you dont end up paying rent as well as home loan EMI's for you under-contruction flat

5) Since you get the possession immediately, you can avail tax-benefit right from your first EMI payment. Many people dont know this fact - You can claim Home loan tax benefit only when you get the possession of the flat

6) You can enquire about lots of general things from the existing neighbours living in the apartment

7) You can observe the locality and make an informed choice

8) There is no risk of the possession date being delayed by months or years by the builder, like that in case of under-construction flats. However, nothing in this world comes without disdvantages, and the same applies here as well. Head over to the Disadvantages Of Buying A Resale Property

Disadvantages Of Buying Resale Property: Resale Property Purchase Checklist

Continuing further from our previous article, Advantages Of Buying Resale Property: Resale Property Purchase Checklist, in this part we present the

Disadvantages Of Buying Resale Property: Resale Property Purchase Checklist

. Here are the basic disadvantages and benefits of Buying a resale property: Property Resale

1) Most important thing - You are on your own. Hence, if anything goes wrong with the deal, you will have to face the consequences on your own.
In case of buying an under-construction flat, there will be many people who will book it along with you. Hence, if anything goes wrong, you can fight for it as a group. But in case of a resale deal, you are all alone

2) Good Resale properties are difficult to find. You will have to most of the times depend on a real-estate agent who will pocket a fat commission for the resale property deal.

3) Another disadvantage is that you WILL have to TRUST him. Just because you are paying a fat commission to the real-estate agent, does not imply that everything will be correct in the deal

4) You cant negotiate much on resale properties - especially the good ones. Since they are difficult to find, they are quoted at high rates. Since there are many buyers, rates are higher and there is no scope of negotiations

5) You will need a good trusted lawyer to ensure that all your deal papers are proper and not putting you in a mess. That again comes at a big cost

6) You might end up buying an old apartment, which might require lot of maintenance expenses after you move in

7) You need to be careful about the paperwork and any ambiguous claims on the property by anyone else. next, lets head over to the Checklist for Resale Property Buying Purchase to know what all you should mandatorily check before striking the deal

Checklist for Resale Property Buying Purchase

Continuing further from our previous article, Disadvantages Of Buying Resale Property: Resale Property Purchase Checklist, in this part we present the

Checklist for Resale Property Buying Purchase

. Here is the Checklist: Property Resale

1) Dont be in a hurry to book an apartment just because you see that in a good locality. As mentioned in the Disadvantages Of Buying Resale Property article, there can be a lot of problems due to which the current owner might be selling the property

2) Try to find out the real reason for the current owner to sell the property. Remember, good things vanish soon and they are usually sold to relatives and known persons. So if you are completely unknown to the buyer, be very careful before making any committment. There might be legal or other problems with the resale property, but the owner might quote it as saying "Relocating to other city or other area", "Am in urgent need of money" and so on. Dont fall for those and do your home work

3) If you are going through a Real-estate agent, make sure you know him. Remember movies like "Khosla ka Ghosla" :)

4) Insist on checking the paper-work even before giving the token booking amount. Atleast take a copy of all the legal documents. Also, you can use RTI application to get the history details of the property from municiple corporations and check if there is any dispute on that. However, RTI applications take minimum 30 days to get an answer

5) Make sure to meet the society members of the property. Ask them about the charges for maintenance, sinking funds, etc. Also try to get info from them about any problems with the property. Ask them if there are any outstanding dues for that property

6) Ask the seller to first get a NOC or No Objection certificate from the society or the builder. Without that, the resale transaction is usually not complete. Be clear with the seller on who pays the charges for the NOC as it might cost big money

7) Check for any utility bills pending at the time of deal - like phone, electricity, etc.

8) Be very clear on parking space. It should be clearly marked on land as well as in the documents

9) Most important - the cost. Insist on the breakup of cost taken by the seller. That should include Parking space charges, lawyer fees, registration fee, society charges, stamp duty, etc. etc.

10) Check for basis fittings like electrical wiring and plumbing.
ALthough the above list gives you a detailed list, there may be many more things to check. It is also advisable to take services of a reliable lawyer for the sale before signing any Real Estate Resale Deals

Hindustan Copper FPO IPO: Review Analysis & Details of HCL Hindustan Copper FPO IPO

Many of you may have seen a new ad on the TV from Hindustan Copper Limited (HCL) with the title song "Copper ka Rang". Dont be surprised by such ad entry, because this ad is to promote the FPO or follow-on public offer of the another government owned healthy company called Hindustan Copper Limited. Investors who are interested in applying for this FPO or IPO should note that this is NOT an IPO, rather it is an FPO since the Hindustan Copper Shares are already listed on the stock exchanges. As reported earlier, the Coal India IPO was a huge success a few days back, and then we have a Power Grid FPO IPO: Review Analysis & Details and Manganese Ore IPO: Review Analysis & Details. All these were and are expected to be great success so the government has decided to come out with the follow-on public offer for Hindustan Copper.
In this article, we will look at the Review, Analysis and Details of the Hindustan Copper FPO and try to do the Review and analysis of Hindustan Copper FPO.

Hindustan Copper FPO: Review Analysis & Details

Some basic details first about the Hindustan Copper FPO, which are available as of now:

- The size of Hindustan Copper IPO is expected to be between around 4000 Crore Rupees
- Yesterday's closing price of existing Hindustan Copper shares on BSE was Rs. 407 down about 8%. This stock has been taking a big hit in recent times because of this FPO, as the FPO price is likely to be very less.
- The FPO price of Hindustan Copper is expected to be around 200 Rs. but no confirmation as of yet.
- What this means for the investors is that if instead of buying exisitng shares in open market, you can apply for this FPO and get the same shares at a much discounted price. However, whether an investor will be allocated shares in FPO is not certain, as it will depend upon the no. of bids & applications received.

What is the issue size of the Hindustan Copper IPO?
Around 4000 Crore Rupees is the size of the FPO. Hindustan Copper IPO
What is the price band of Hindustan Copper IPO?
It is reported that the recommended price band for Hindustan Copper IPO might be around 200 Rs. per share. No official confirmation as of yet.

How many shares will be sold in the Hindustan Copper IPO?
The total no. of shares to be sold through this IPO is a total of 18.39 crore shares.

What is the trading symbol & exchange for the Hindustan Copper IPO
No info about that

What are the IPO dates for Hindustan Copper IPO
The Hindustan Copper IPO FPO dates are expected to be December 6, 2010.

Any ratings given to Hindustan Copper IPO?
No information about that.

What are the analysts recommendations and business results for Hindustan Copper IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPO since it is a government owned company. The same discount applies for Hindustan Copper Employees as well. The employees will also get the 5% discount.
Another good news is that the retail investors can now bid with the 2 Lakh upper limit. So wealthy rich guys can give a shot with more money

Whether to invest in this company or not is the big question. Most of the market experts believe that the company has very good fundamentals. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
The pricing of this FPO will be the most important criteria for this FPO subscription. See Hindustan Copper FPO IPO: Market Experts Recommendations

Hindustan Copper FPO IPO: Market Experts Recommendations

We continue further from our previous article Hindustan Copper FPO IPO: Review Analysis & Details Hindustan Copper IPO
The pricing of this FPO will be the most important criteria for this FPO subscription. In this article, we will cover details about

Market Experts Recommendations for Hindustan Copper Limited FPO IPO


As we have already observed in the market that the current existing share are on a big downslide because of the FPO. The stock usually trades in the 400 Rs. range. It is expected that the FPO issue price will be around 200 Rs. which is like a 50% discount. Hence the market is adjusting the prices of exisitng shares in anticipation of the FPO price to be Rs. 200.
MoneyControl has provided a table showing how the stock prices have moved over last some time:
Hindustan Copper Share Price Changes
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 446.80 407.20 -39.60 -8.86
5-Days 440.70 407.20 -33.50 -7.60
7-Days 445.85 407.20 -38.65 -8.67
15-Days 441.00 407.20 -33.80 -7.66
1-Month 444.95 407.20 -37.75 -8.48
3-Month 447.25 407.20 -40.05 -8.95
6-Month 478.15 407.20 -70.95 -14.84
9-Month 578.75 407.20 -171.55 -29.64
1-Year 293.90 407.20 113.30 38.55

What the market experts say is that if the offer for FPO is made at around 200 Rs., the issue is definitely worth subscription. The current downslide in the market for Hindustan Copper Shares is because of the FPO price expectations, and should not be viewed as a problem. After the FPO, the prices of this stock will stabilise and investors can expect some good returns.
Both for the long term and short term holding, this stock is recommended by majority of the market experts.
Investors should also leave some room for downside, in case the overall market collapses. Remember the Reliance Power IPO? It was the biggest IPO in the India Stock Market at that time, but it failed miserably. Hence, owing to various factors, the stock market may move either way and so can the price of this stock of Hindustan Copper.
ICICI Securities, Enam Securities, Kotak Mahindra Capital, SBI Capital Markets and UBS Securities are BRLM's to the FPO issue

Manganese Ore IPO: Review Analysis & Details of Manganese Ore India MOIL IPO

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to Manganese Ore India Limited, which is a mini-ratna company in India. Manganese Ore India Limited has decided to come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Manganese Ore IPO and try to do the Review and analysis of Manganese Ore India Limited MOIL IPO.

Manganese Ore IPO: Review Analysis & Details

Some basic details first about the Manganese Ore India Limited IPO, which are available as of now:

- The size of Manganese Ore IPO is expected to be between around Rs 1000 crore.
- There will be around 20% dilution by the government, 10% by central govt and rest 5% by state governments of Maharashtra and other states

What is the issue size of the Manganese Ore IPO?
Around between Rs 1000 crore is the size of the IPO. Manganese Ore Logo
What is the price band of Manganese Ore IPO?
It is reported that the recommended price band for Manganese Ore IPO is Rs 340-375 per share.

How many shares will be sold in the Manganese Ore IPO?
The total no. of shares to be sold through this IPO is 33.6 million shares. There will be 20% stake dilution by various governments at center and state level.

What is the trading symbol & exchange for the Manganese Ore IPO
No info about that

What are the IPO dates for Manganese Ore IPO
The MOIL IPO dates are Friday 26 November 2010 to 1 December 2010

How will the capital raised by Manganese Ore IPO be used?
Although exact usage of capital raised is not known, but it is expected that it will be used for further expansion and investments into more diversified streams. For e.g., the company has entered into new streams like Ferro Manganese Plant and Electrolytic Manganese Dioxide (EMD) Plant. Also into renewable energy and setup the windfarm to be the first PSU to do so. Also planning to buy coal assets outside the country.

Any ratings given to Manganese Ore IPO?
No information about that as of now.

What are the analysts recommendations and business results for Manganese Ore IPO?
MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.
The reserves of manganese iron ore are reported to be around 69 million tonnes. While global prices for manganese iron ore are at USD 8 dmtu, Indian prices are at USD 9-9.5 dmtu, which indicate a better pricing and placement of the company for iron ore.
The company is also reported to be cash rich - it is reported to have around Rs 1700 Crores of reserves.
The operating margins of the company is also healthy - around 60% which the management is expecting to maintain in future as well. No doubt why this company is known to be a mini-ratna company, just after the navratnas. Being the largest iron ore company of India and the fifth largest iron ore company of the world, it caters to 50% manganese requirements of the country. All the financial records also look healthy
And dont stop at Manganese Ore IPO. The government is in the mood to collect as much money as it can (target 44K crores) and so the Hindustan Copper IPO is expected on December 6th. See more details on Market Experts Recommendations for MOIL IPO

GM IPO General Motors IPO: Review Analysis & Details of GM IPO

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to General Motors Company, which is the world famous automobile company from the USA and was in bankruptcy state just before July 2009. General Motors or GM has decided to come out with the Initial Public Offering or IPO, although there is no official word about it either from the company officials or from the exchanges.
In this article, we will look at the Review, Analysis and Details of the General Motors IPO and try to do the Review and analysis of General Motors IPO.

General Motors IPO: Review Analysis & Details

Some basic details first about the General Motors IPO, which are available as of now:

- The size of General Motors IPO is expected to be between around $9.5 billion and $10.6 billion USD.

What is the issue size of the General Motors IPO?
Around between 245 million USD to 260 million USD is the size of the IPO. General Motors GM Logog
What is the price band of General Motors IPO?
It is reported that the recommended price band for General Motors IPO is expected to be $26 and $29 each per share. Final price to be decided through 100% book building process.

How many shares will be sold in the General Motors IPO?
The total no. of shares to be sold through this IPO is 365 million common shares. There will be additional sale of $3 billion of preferred shares.

What is the trading symbol & exchange for the General Motors IPO
No info about that

What are the IPO dates for General Motors IPO
The IPO dates have not yet been finalised. The pricing of the IPO is expected to be done on 17th November.

Any ratings given to General Motors IPO?
No information about that.

What are the analysts recommendations and business results for General Motors IPO?
General Motors emerged from so called bankruptcy in the mid 2009. Since then, it has been planning to raise funds with the government owned US treasury being the majority stake holder.
Given the price band of the GM IPO, the company valuations stand at around 60 billion dollars, which will make it one of the largest IPO's in US history.
A comparison to its competitors - Ford has market cap of around 48 billion while Toyota has 120 billion USD market cap
The stock is expected to start trading on New York stock exchange and Toronto stock exchange.

PowerShares Bank Loan ETF: PowerShares S&P Bank Loan Portfolio ETF: Review Analysis & Details

In the financial markets, you can trade on anything and everything with more and more choices being made available to retail investors. Here comes another significant and path breaking product from the Invesco PowerShares, known to be the firm for innovative Exchange traded Funds products, most noticable of the lot is their PowerShares QQQ ETF (Nasdaq: QQQQ).
Now, the same firm is reported to have filed for another unique Exchange traded Funds or ETF which will enable the investors and traders to bet their money on Bank Loans - yes, this particular ETF from PowerShares will track the S&P/LSTA U.S. Leveraged Loan 100 Index, which in turn tracks the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments.

So this ETF will enable common investors and traders like you and me to bet our money on bank loans.

Investors should note that bank loans are prone to defaults, so even though ETF's are considered to be the safe kind of investments, there is no guarantee that your money will be protected.

However, the good news is that the benchmark index is a rule based index comprising of several criteria. Although it is claimed that the ETF will try to secure collateral, it should be noted that there is credit risk as well as interest rate fluctuation risk. The benchmark index comprises of only top 100 loan facilities, out of the 1100 loan facilities.

On Which exchange will the PowerShares S&P Bank Loan Portfolio ETF be listed ?
The ETF will be listed on NYSE ARCA exchange.

What is the ticker symbol for PowerShares S&P Bank Loan Portfolio ETF??
No info about that as of now

What is the full name of the PowerShares Bank Loan ETF??
The precise name of the PowerShares Bank Loan ETF is PowerShares S&P Bank Loan Portfolio ETF

What is the underlying benchmark index this S&P/LSTA U.S. Leveraged Loan 100 Index will be tracking??
The PowerShares Bank Loan ETF will track the S&P/LSTA U.S. Leveraged Loan 100 Index by using a representative sampling strategy. It is not known how this sampling strategy will actually work. Continue reading: Risks of PowerShares S&P Bank Loan Portfolio ETF

PowerShares S&P Bank Loan Portfolio ETF: Review, Risks & Details

Continuing further from the first part of this article: PowerShares S&P Bank Loan Portfolio ETF: Review Analysis & Details, here are the additional details & risk parameters:

What criteria's are to be followed for selecting the benchmark index for PowerShares Bank Loan ETF?
There are several criteria, we are listing the primary ones here:

- loan must have a minimum initial term of atleast a year
- the loan should be dollar-denominated
- the loan should have a minimum initial spread of 125 basis points or 1.25% over LIBOR (London interbank borrowing rate)

Investors should note that bank loans are prone to defaults, so even though ETF's are considered to be the safe kind of investments, there is no guarantee that your money will be protected.
Please remember that bank loans are also prone to default. There is a big counterparty risk, there is a big interest rate fluctuation risk and there is a big credit risk. When big companies like Lehman Brother can collapse, there can be subprime mortgage crisis leading to a global recession, nothing can be said with certainity about the returns from a product.
Investors should be aware of such risk parameters.

What is the frequency of rebalancing of the index?
The index is learnt to be rebalanced every six months.

Power Grid FPO IPO: Review Analysis & Details of Power Grid FPO IPO

There is a follow on Public offer or FPO of another government owned healthy company called Power Grid India. As reported earlier, the Coal India IPO was a huge success, a few days back. And now this new FPO from Government of India has hit the markets today.
In this article, we will look at the Review, Analysis and Details of the Power Grid FPO and try to do the Review and analysis of Power Grid Shipping FPO.

Power Grid Shipping FPO: Review Analysis & Details

Some basic details first about the Power Grid FPO, which are available as of now:

- The size of Power Grid IPO is expected to be between around 8000 Crore Rupees
- Yesterday's closing price of existing Power Grid shares on BSE was Rs. 98, which was lower that the offered FPO price band. However, investors should note that the exisitng shares prices get affected by the FPO prices and that is the effect we are seeing currently.

What is the issue size of the Power Grid IPO?
Around 8000 Crore Rupees is the size of the FPO.
What is the price band of Power Grid IPO?
It is reported that the recommended price band for Power Grid IPO is Rs 85-90 per share. Final price to be decided through 100% book building process.

How many shares will be sold in the Power Grid IPO?
The total no. of shares to be sold through this IPO is a total of 84.2 crore shares. Of this, 50% will be freshly issued shares while rest 50% will be divested by the government. Hence, the government will get 50% of the total capital collected through this FPO.

What is the trading symbol & exchange for the Power Grid IPO
No info about that

What are the IPO dates for Power Grid IPO
The Power Grid FPO dates are from Nov 9, 2010 to Nov 12, 2010

Any ratings given to Power Grid IPO?
No information about that.

What are the analysts recommendations and business results for Power Grid IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPR since it is a government owned company. The same discount applies for Power Grid Employees as well.
However, the retail investors cannot bid with the 2 Lakh upper limit, it is still at 1 Lakh limit. Applications can be made in multiples of 65 shares.

The company has current capacity of 75,000 circuit kms and plans to add 8,000 circuit kms in FY11
How will the FPO money be used? There are 13 different transmission projects costing Rs 22,600 crore which is where this money from FPO will be used.
SBI Capital Markets Ltd, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities and JP Morgan India Pvt Ltd are the book running lead managers to this FPO issue

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