What No One Knows About

Virtual Tours

If you have always wanted to travel but you do not have enough money to do so, you might want to learn about places by having those virtual tours. You might know a lot about virtual life because of the internet and because of all the high technology devices and systems that there are today. There are many people who can actually tour around a place and get to know about them without having to ever go there literally. If you are curious to learn more about those virtual tours, you should stick around as we are going to talk more on these things so keep on reading.

If you want to see the world without having to go out of your house, you can try those virtual tours. If you are a real estate agent and you wish to show your clients around the houses that are for sale you can get to use those virtual tours. Virtual tours are great because your clients can get to see what the house is like from the bedroom to the kitchen and the dining areas. Those virtual tours will give you only the best pictures so that you can see things very clearly and you can really feel like you are going around that house as if you were actually touring it. By looking at the pictures and the virtual tour images, you can get to see if you would like to get that house of now.

You might have watched some videos where people are showing you around certain places and when you think of the 3D virtual tour service, they are somewhat like that. If you wish to have those virtual tours, you can look them up online and you will get to find services there that will help you. You might have never tried those virtual tours yet and if you have always wanted to, now is the time to do so. There are many people who are now trying out those virtual tours and who are really benefiting a lot from them because they no longer have to go out of their house to see the real estate property that they are thinking about buying.

There are many virtual tour services that you can find online and when you go up there to seek such things, you will really gain a lot of insight. If you are a real estate agent, you might want to start using those 3D real estate tours so that you can get to market to more people and you can get to sell more of those homes than your competition. Using 3D visual tours can really help a lot and when you use those things, you can get to save a lot of time and energy. If you have never tried using those 3D visual tours before, you might like to go ahead and try them today and see how they work. We hope that you would start using those 3D visual tours because they are really great and they can really help you a lot. We hope that you learned something in this article.

Learning The Secrets About

The Essentials of – Getting to Point A

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3 Lessons Learned:

The Importance of Rotary Cuff Stretches

Did you know that one of the most common exercise from injury is located in your rotary cuff, the muscles and tendons in your shoulder joint? But with proper measure, you can easily reduce your risk of rotary cuff injuries. The way you can avoid rotary cuff injuries is actually so simple, and that is to make sure that you stretch it. And there are actually quite a few benefits to making sure that your rotary cuff is well stretched before any exercise. This article is going to take you through the greatest benefits that rotary cuff stretching will provide for anyone that does it. So, without any more delay, let us get to our list of the best 3 benefits.

The first benefit in our list of benefits is that rotary cuff stretches prevent and avoid injury in that area. The rotary cuff muscles are actually very easy to tear, especially when it is cold and not flexible. If you take time to stretch your rotary cuff, then you will have warmed up and flexible ready-to-exercise rotary cuffs. So you can expect this wonderful benefit to be yours if you just stretch your rotary cuff!

Remove any rotary cuff pains is another reason and benefit why you should stretch your rotary cuff. If even before the workout you feel pain in your rotary cuff, then you might not want to use it after all. The pain might be caused by muscle stiffness in that area. But if you slowly stretch out your rotary cuff with several stretching techniques, then pretty soon the stiffness will go away and so will the pain. So this is another reason why you should never avoid stretching your rotary cuff before any exercise or workout.

Used as an upper-body massage is yet another reason and benefit why you should stretch your rotary cuff. If you are interested and search how to stretch your rotary cuff, you will find that there are actually so many techniques. And each technique will not only give you a good stretching but also a good massaging. So you are getting your rotary cuff ready while getting your whole upper body ready with a good massage as well. This is the third great benefit that rotary cuff stretching can offer you.

So never, never avoid rotary cuff stretches if you want to receive these great benefits and many more.

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Smart Ideas: Revisited

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Universal Banking – Answer For The Best Banking Design?

1.1 INTRODUCTION

In recent years, universal banking has been growing its popularity in Indonesia. Mandiri Bank, for example, has taken strategy to become Indonesia’s universal bank; this bank has also initiated to develop an integrated financial risk system in terms of sounding financial performance and increasing shareholder value. In Germany, and most developed countries in Europe, universal banks have initiated its operations since nineteen century. There is mounting evidence that in those countries, universal banks have taken an important part in the development of real sectors and the financial system. In those countries, the growing numbers of universal banking practices are really supported by the regulation of central of bank.

Despite, in The United States, they are strict to regulate universal banks by blocking commercial banks from engaging in securities and stock markets practices. They argued that the practice of universal banking might be harmful for the financial system. ((Boyd et.al, 1998) cited in Cheang, 2004) The “risk” might be the key reason why the central bank of The U.S is worried about the universal banking system. Since, if the central of bank allowed banks to adjust their operation to be universal banks, the relationship among, banks, financial and stock markets would be closer. Consequently, this would give an uncertainty to the banks condition and performance. For example, if there were a disaster in stock market, banks would get problems in their financial positions. Thus, they would tend to be insolvent.

In addition universal banks would also threaten the market share of other specialized institutions, because more customers would choose universal banks that offer more option to their investment. Hence, more specialized institutions are likely to be ruined in the U.S financial industry.

One majoring factor, which is triggering a bank to be universal bank, is to increase the profit by enlarging their market share. According to João A. C. Santos (1998) universal bank itself can be defined as the financial institution, which enlarges its service range in terms of offering a variety of financial products and services in one site. Thus, by operating universal banking, banks could get a greater opportunity to expand to another financial area, such as : financial securities, insurance, hedge funds and etc.

Although the trend of banks has recently tended to universal banks, it is undoubtedly true that universal banks would also face further risks because a wide range of financial services is strongly associated with increasing risks and escalating monitoring costs. These are the major concerns why banks have to implement more advance technology in terms of financial risk management. Moreover, the practices of universal banks would cause significant risks to economy’s payment system. Since, the operation of universal banks connects closely to the financial and stock markets that are very fluctuate in a short term.

To win in the tight competition among financial institutions, banks have to alter their maneuver to lead in the market. Universal bank could be the wise choice for the bank manager, because they can attract more customers with a wide range of services. Furthermore, by altering their operation to the universal banking system, banks would get benefits from the efficiency and economies of scale.

In order to understand about the universal banking practices, this paper would examine the exclusive matters, which related to the risks and benefits in a universal bank. Moreover, this paper would also focus the whole impact of this institution to the financial system and the economy as a whole.

1.2 PROFITS AND COSTS IN UNIVERSAL BANKING: IMPLICATIONS FOR INDIVIDUAL BANKS

General problem related to financial intermediation, include universal banks and another type of banks, is about asymmetric information . It is the main problem that causes costs to increase and influence the performance of financial institutions. In Universal banks, the problems that would increase are slightly different with specialized banks; they are similar in that they should cope the risks problem associated with their financial position. Although, in universal banks, the risks are more bigger due to the wide range of financial instruments that they organized. Therefore, banks have to increase their spending on monitoring costs that are more complicated than specialized institutions or conventional banks.

Possible answer why more banks sacrifice to the escalating risks and transform it operation into the universal banking is that they want to compete and expand their market share, in order to seek a greater opportunity profits by serving more choices to their customers. Many banks has experienced a great performance after they alter their operation, the main concerns are that they could reach better economies of scale which can reduce the amount of spending in operational costs and also a greater opportunity to get more profits. The research finding which was conducted by Vender, R. (2002, cited in Cheang, 2004) about the efficiency of revenue in financial conglomerates and the level of both profit and cost in universal banking, has proved that both financial conglomerates and universal banking contain good performance in several indicators of bank profitability. His finding also suggests that the sustained expansion of financial conglomerates and universal banking practices may increase efficiency in the financial system.

This opinion is strengthen by another experts, like : George Rich and Christian Walter (1993). They state that universal banks which posse benefits over specialized institutions, are able to take advantage of reduction in the average cost of production and scope in banking. It is essential for banks that operate on a international level and in order to fulfill customer needs with a variety of financial services. They also mention a classic example how universal banks in some countries, such as : Switzerland, Germany and more European countries has experienced benefits by operating universal banking. In addition, they also state that the fear if universal bank would threaten specialized institutions has not proven. In Switzerland and Germany, for example, specialized institutions could achieve a better improvement in terms of cooperating with big banks. Universal banks are one of potential market channel which can sell their products directly to the customers, so specialized institutions also get additional return due to the increases in the number of universal banks. Therefore, this proves that universal banks do not threat other institutions; in fact, they support specialized institutions to market their products.

According to Fohlin, universal banking would lead to a bank’s concentration due to the increases the number of branch. Based on Germany’s experience, such branching-based expansion has led to the efficiency in banking because it could increase economies of scale in advertising and marketing, and open an enormous opportunity to enhance diversification and steadiness for banks.

A universal bank has unique position to tackle asymmetric information. As stated by Joao A. C. Santos (1998), that a universal bank has potential benefits on the reduction of agency cost and acquires profits due to information advantages. Although in other sides, universal banking also face problems related to the cost, conflict of interest and safety and soundness. But the default risk, which is generally happened in financial intermediation, would decrease substantially because universal banks are easier to control over their customers. Most of lenders in universal banks are their customers, so they can understand about the capacity of the customers from the information that they gather.

Nicholas Cheang (2004) also points out how universal banks could reduce a crucial problem in financial institution, asymmetric information. He argued that they could preserve a close relationship with their borrowers, by gathering more relevant information to make an important decision for investment. Their advantageous positions also vital to optimize the distribution of fund allocation, because banks have already known which investment that would give more margins to them. So, they don’t need to worry too much about the risk.

1.3 UNIVERSAL BANKS AND THE STABILITY IN THE FINANCIAL SYSTEM

Financial institution plays a vital role in terms of mobilizing funds in the economy. Consequently, stability in financial system is really important to manage by government in order to prevent wider implications to the real sectors. Financial disasters which happened in most countries in Asia in 1997 are the classic examples how importance to save banks to recover the economy.

As the financial supermarkets, which are handling a variety of financial instruments, they must face a greater risk than specialized institutions. As a consequence, this institution needs to be monitored closely in order to prevent more implications to the economy. According to Benston (1994), the escalating risks in universal banking would lead to a great problem because it can cause generous distress in the financial system. Hence, it will greatly increase the risk to the economy’s payment system. In another term, Rime and Strioh (2001) who examine the financial system in Switzerland in which universal banking are becoming more important in this country, state that difficulty in monitoring large universal banks is a major concern. This is the reason why universal bank has to spend more money in monitoring cost and develop an advanced system in information technology. In other words, it could say that the consequence of inefficient monitoring could lead to financial instability. (Cheang, 2004)

A wider range of universal banks in financial system makes the fund channels of banks to the customer are larger than specialized institutions. So, the economy will improve because universal banks will support more funding. This can be seen by the fact that a universal bank practice in Germany has triggered the progress of some enterprises performance in this country. (Stiglitz, 1985). It is understandable that when the allocation of fund can distribute widely and effectively to the potential enterprises, the economy will improve. In this context, universal banks have played as the key institution which mobilize fund to the potential lender.

Edwards (1996), has also proved that a universal bank is not just significantly contributed to economy from the external funds that they provide, but also from the improvement of the information flows. (cited in Cheang, 2004) Therefore, this proves that universal banks have played a significant role in terms of reducing the default risk by providing important information about the lender or customers. Furthermore, the safety of the financial system would be improved by the existence of universal banks.

1.4 CONCLUSION

The development of universal banks has to in line with the policy direction of central bank, because it is important to keep the stability of financial system and the economy as whole. There are three important areas that must be concerned related to universal bank operations, such as : the strengthened of capital and advanced risk management system. Consequently, in order to manage universal bank, people need to be aware about the unique of the risk type in universal banking. Furthermore, policy maker must also consider about the implication of universal banks in financial system.

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