One way they are doing this is by offering not the usual service, where users talk and pay the balance of their accounts in arrears, but a prepaid, discounted package.
The latest released minutes of the Exchange Fund Advisory Committee reveal that the panel rejected a proposal to dollarize the "aggregate balance" or the total of the clearing accounts banks maintain with the Monetary Authority, the de facto central bank.
As I pointed out in the post, Apple, Microsoft and Cisco all have huge cash positions outside the country: each of them, in fact, hold the vast majority of their balance sheet cash in foreign accounts.
FORBES: Revealed: How U.S. Companies Can Repatriate Cash Tax Free
Italy already has one of the biggest public debts in the world - the result of decades of failing to balance its national accounts.
BBC: NEWS | Entertainment | Italy facing opera funding crisis
Currently this is 27.5% of the highest balance in the accounts in the subject period.
The idea seems harmless: Financial institutions should adjust their balance sheets and their capital accounts when the market value of the financial assets they hold goes up or down.
The challenge is to balance the budget without it, when it accounts for up to a fifth of public spending.
For a successful OVDP applicant, such penalty is 27.5% of the largest balance in the previously undisclosed foreign accounts during the eight-year lookback period.
The Federal Reserve Board requires long equity margin accounts maintain a balance of 50% equity, 50% margin debt.
Thus, the disbursement accounts were left with a zero balance at the end of each day.
FORBES: Sysco Journal Entries Not Respected by Massachusetts Tax Board
Since property accounts for so much of the financial system's aggregate balance-sheet, losses from real-estate busts are likely to be synchronised across banks.
Warning: Some private colleges, when doling out their own aid dollars, count 529 savings accounts much more heavily, expecting the student to spend 35% of the balance each year for college, as with money held in the student's name.
PayWizard has also announced an account management application for Samsung's Connected TVs, which increases the number and types of devices on which PayWizard customers can manage their balance and transactions and replenish their accounts -- all in a quick, simple and secure interface.
ENGADGET: PayWizard offers more ways to pay for content on Samsung smart TVs
The proposal has sparked a debate about the appropriate balance between work and play in a country where tourism accounts for more than 10% of gross domestic product, compared with less than 3% of U.S. GDP, and employs about one in 10 people.
WSJ: Spain Plans to Burn Its Bridges to Keep Vacationers on the Job
应用推荐