Investment

is that they are engaged only on the amount of the investment. According to Dine J. & Koutsias M., “shareholders pay money to the company in return for a “share” which gives them specified rights (often voting rights) and the possibility of receiving a share of the profits.” Therefore, a shareholder can be stronger than another one, according to the amount invested, a smaller investor could thus be weaker, and get no advantage of this investment. Besides, when a company is wound up, as a large investor

|eur-lex.europa.eu | | |Lorsqu'une entreprise d'investissement propose de fournir des |Member States shall require that where investment firms |[pi| |services degestion de portefeuille à un client de détail existant ou |propose to provideportfolio management services to a |c][| |potentiel, les États membres exigent qu'elle [...]  |retailclient or potential

Lehman Brothers - PH - The reasons of Lehman Brothers' bankruptcy ------------------------------------------------- Description of the firm An investment bank is a financial institution that assists corporations and governments in raising capital by underwriting and acting as the agent in the issuance of securities. An investment bank also assists companies involved in mergers and acquisitions, divestitures, etc. Further to provide ancillary services such as market making and the trading of

International Legal Materials I.M.E Comité de l’investissement et des entreprises mulitinationales (de l’OCDE) J.O.C.E Journal Officiel des Communautés européennes J.O.R.F Journal officiel de la République française M.A.I Multilateral Agreement on Investment M.I.C Accord sur les mesures concernant les investissements et liées au commerce (TRIM) M.C.I Mesures concernant le commerce et liées aux investissements O.C.D.E Organisation de coopération et de développement économique O.I.C Organisation

banking |Page 4 | | b- Corporate & Investment Banking |Page 4 | | c- Investment Solutions |Page 4 | | 3- BNP Paribas en quelques

4 December1997 ISBN 1 85355 788 9 Corporate Finance Business Valuations CONTENTS Page 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Introduction Ownership of a business Bases of valuation The valuation requirement Required return on investment Valuation methods Market based methods Asset based methodologies The DCF technique Trading companies: the choices Asset based approaches The use of DCF Financing considerations More complex methods Industry ‘rules of thumb’ Shareholder value analysis

Insurance Group Ltd. under existing IFRS is illustrated below: Table 1: Statement of Comprehensive Income Life* Gross premiums Premiums ceded to reinsurers Net premiums Dividend and interest income Investment gains and losses Investment gains and losses attributable to unit-linked policyholders Total investment income Total revenue Gross benefits and claims paid Claims ceded to reinsurers Movements in insurance liabilities due to change in the interest rate Changes in unit-linked liabilities Other movements

permet également à BNP Paribas de s’imposer comme un acteur majeur de la Banque Privée internationale et la gestion d’actifs, qui viennent en complément des activités de la Banque de détail (retail banking) et d’investissements (investment solutions et corporate investment banking). En France, la banque de détail (BDDF) regroupe 2139 agences et compte 8 directions de réseau avec 30500 collaborateurs qui assurent les différentes activités de la banque de proximité auprès de sa clientèle. Des activités

|  547,141 |  608,556 | Goods and services | 522,338 | 532,924 | 561,238 | 437,636 | 476,086 | 533,489 | Goods | 453,952 | 463,120 | 488,754 | 369,343 | 404,834 | 458,191 | Services | 68,386 | 69,804 | 72,484 | 68,292 | 71,252 | 75,298 | Investment income | 66,528 | 76,931 | 70,453 | 55,528 | 61,794 | 66,352 | Current transfers | 9,563 | 9,497 | 10,580 | 8,716 | 9,261 | 8,714 | Payments | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | Total current account |  577,938 |  606,580 |  636,995

motivation of the sales staff Achetez une nouvelle flotte de voitures 500,000 € La motivation d'Augmentation du personnel de ventes WRITING As a director of Valentino Chocolates, write a proposal document to your CEO in which you: · list the investment options you have chosen; · give arguments for each option, as well as cost and anticipated benefit. The beginning has been written for you. ÉCRITURE Comme un directeur de Valentino Chocolates, écrivez un document de proposition à votre PDG