Effective Liquidity Management Techniques

                                                                                                                                                             

Coordinating accounts in different countries involves monitoring balances, organising payment flows between accounts with credit balances and those that are overdrawn, sending payment orders, and calculating interest rates, exchange rates and cross-border transfer fees.

ABN AMRO has developed automated international cash management techniques that facilitate the management of accounts held in several countries, e.g. cross border cross currency notional pooling structures.

 Target balancing

Manage several accounts as one

Target balancing is a technique that brings the balances of your accounts worldwide to a predetermined level by offsetting amounts above and below a predetermined target. The target can be either zero or any other amount you determine.
In other words, any credit balance in a subordinate account is transferred to the master account and any debit balance is offset from the master account. Target balancing allows effective cash centralisation: it leaves you with only one account to manage and it improves the net interest you receive on your balances since interest charges on overdrafts are reduced – or even cancelled out – through the levelling of negative balances.
Target balancing may, however, have legal and fiscal implications, since intracompany transfers are viewed as loans in some countries.

For each sub-account, you can specify a series of parameters: 

• Frequency of target-balancing transfers: daily, weekly, fortnightly, monthly
• The remaining balance requested on each sub-account
• Currency: target balancing is carried out currency by currency – one target balancing procedure in EUR, another in USD, and another in GBP, etcetera
• Threshold: minimum balance below which no transfers are effected
• Reporting: on a daily basis
• Transfers are executed with the correct value date

  Advantages

• The overall financial result improves because the margin between the debit interest and the credit interest is cancelled out on the cleared balances
• The cost of pooling the balances of all the sub-accounts is usually lower than the total costs of all the separate, single transfers
• Offsetting debit balances reduces the level of indebtedness recorded in the group’s balance sheet
• Management is simplified, thanks to:
• Clearer net balance
• Computerisation of numerous individual transfers, which saves time
• Computerised reporting providing details of each individual target-balancing transfer
• Target balancing does, however, imply a cost for managing the cash pooling-process:
• Booking all intra-company entries
• Calculating and booking the interest on intracompany loans generated by targetbalancing
• Finally, target balancing reduces the autonomy of sub-account management

      

Best currency Rates ( Inter Bank Rates)

Currency	Symbol	Bank Buying TT Clean	Bank Selling TT & OD	Charts
Australian Dollar	AUD	92.29	92.5
Canadian Dollar	CAD	88.52	88.72
Danish Krone	DKK	16.46	16.50
Euro	EUR	122.61	122.89
Hong Kong Dollar	HKD	11.19	11.22
Japanese Yen	JPY	1.13	1.13
Saudi Riyal	SAR	23.26	23.32
Singapore Dollar	SGD	72.17	72.33
Swedish Korona	SEK	13.67	13.70
Swiss Franc	CHF	101.51	101.74
U.A.E Dirham	AED	23.75	23.81
UK Pound Sterling	GBP	139.23	139.55
US Dollar	USD	87.25	87.45

Barkat Islamic - Murabaha

‘Murabaha’ is a term of Islamic FIQH and it refers to a particular kind of sale in which the seller discloses the cost of goods being sold and margin of profit. The payment of price in the case of Murabaha may be on the spot or it may be deferred, as agreed upon by the parties. Since Murabaha is a kind of sale, the basic rules of sale are applicable to all Murabaha transactions (without which this transaction is not valid).

These rules are:
1. The subject of sale must exist at the time of sale
2. The subject of sale must be in the ownership of the seller
at the time of sale
3. The subject of sale must be in the physical or constructive
possession of the seller when he sells it to another person

Who can benefit from Barkat Murabaha and for what purposes?
1. Barkat Murabaha can be used by individuals,sole-proprietorships,
partnerships and bodies corporate
2. Purchase of inventories, raw materials, semi-finished / finished goods,
stores & spares and all kinds of consumables can be made through Barkat
Murabaha
3. Barkat Murabaha is an ideal mode for short term credit (up to 12 months)
as it offers flexible credit terms to match the Customers’ cash-flows

Document Required
1. For Individuals
* Brief profile of business
* Copy of CNIC of the individual / proprietor (original must be shown)
* 06 month bank statement
* Bank certificate, if proprietorship concern
* Proof of income
* Audited/Management accounts, if proprietorship concern
* Details of facilities availed from other Financial Institutions
* Copy of NTN certificate (original must be shown)
* Facility request letter duly signed & stamped
* Full details of proposed assets to be purchased
2. For Partnership / Corporate / Commercial
* Company Profile
* Facility request letter
* Audited financial statements with financial projections
* Banking details and facilities availed from other banks
* Net worth statement of all directors (not applicable For Public
Limited Companies)
* Basic Customer Fact Sheet
* Copy of CNIC of all partners / directors (original must be shown)
* Copy of NTN certificate (original must be shown)
* Export Performance Certificate (for Exporters Only)
* Form ‘3’ (for Public Limited Companies Only)
* Copy of Memorandum and Articles of Association
* Certificate of incorporation and commencement of Business
* Copy of Form ‘A’ & ‘29’
* Certified copy of partnership deed


Barkat Murahaba Documentation (For Local Purchases)

After the credit approval, the customer has to sign the following documents:
1. MMFA - Master Murabaha Facility Agreement
2. Agency Agreement, if appointed as an agent
3. Purchase requisition
4. Declaration, including evidence of purchase
5. Offer & Acceptance
6. Payment Schedule, if price is deferred
7. Demand Promissory Note


Barkat Murahaba Documentation (For Imports)

After the credit approval, the customer has to sign the following documents:
1. MMFA - Master Murabaha Facility Agreement
2. Agency Agreement
3. Application for opening the letter of credit
4. Offer & Acceptance
5. Payment Schedule, if price is deferred
6. Demand Promissory Note


Note: For other than salaried or individual customers, further documents are required.

Young Savers Account

Young Pakistanis,
Bank AL Habib has designed a new account specially for you,
... your own Young Savers Account.



1. This is an account for Young Savers of up to 18 years.Visit the nearest Bank AL Habib branch with your parent/guardian to open your Young Savers Account. You can open an account with as little as Rs. 5/=.

2. Rate of return on Young Savers Account is expected to be well above the return on normal savings accounts. Currently indicative rate of return on balances up to Rs. 500,000 is 10% P.A and for balances over Rs. 500,000 is 5% P.A, payable six monthly.

3. Young Savers Account will have Internet Banking facility and ATMlDebit Card available to your parent/guardian.

4. Young Savers of 16 years and more will also be eligible to receive ATM Cards and can withdraw money through ATMs, if specifically authorized by their parents/ guardians (certain conditions apply).

5. Until you the Young Savers are a minor, i.e., below 18 years, the account will be operated by your parent/guardian. When you attain majority, the balance in the account will be transferred to a new account which you will open and operate after completing required formalities, including the concurrence of your parent/guardian.

6. Bank officers will also visit your school to help you open Young Savers Account and collect your deposit.


Profit would be subject to Zakat, Withholding Tax and other Government Levies unless exempted.

New UBL Car Financing

UBL Drive allows you to drive away in your own car by making a
down payment of minimum 20% and to top that with low monthly
installments.
Pricing Plan (Fixed Rate)
Tenure 1 to 2 years 3 to 4 years 5 years
Rate 19% - 20% 19.5% - 20.50% 20% - 21%

Pricing Plan (Floating Rate)

1 year Kibor + 4.5% to 5.5%
* Floating rate is revised annually.

Glod Rates

Karachi [Gold 24K per 10 Grams]         Rs. 52,028.00
Karachi [Gold 24K per Tola]                  Rs. 60,700.00
Karachi [Gold 22K per 10 Grams]         Rs. 47,692.00
Karachi [Silver per 10 Grams]                Rs.   1,114.00

Last Updated:  September 09,2011    

FREE INSURANCE COVERAGE FOR ALL UBL ACCOUNT HOLDERS

Your Bank now provides you FREE Accidental Death and Permanent Disability Coverage of upto to Rs.2,500,000/- in collaboration with UBL Insurers.

All existing and new UBL Rupee and Foreign Currency account holders (including Basic Banking Accounts-BBA) are automatically eligible for this scheme from December 1, 2008. All eligible account holders can also visit their branch for an official policy certificate from UBL Insurers.

This scheme is testament of our continuing commitment towards our customers and is aligned with our tradition of providing innovative and unmatched services to our account holders.

For more details, please call us at 111-825-888 or visit your branch manager for details.


Other additional benefits:


Double Indemnity: If the account holder dies in any road, sea or air accident together with his/her spouse then the amount payable will be 1.5 times the sum insured.

Emergency Medical Transportation to move the insured who has a critical medical condition due to an accident, to the nearest hospital where appropriate care and facilities are available. (The actual amount of Emergency Medical Transportation OR Rs. 10,000/- whichever is less).

Local Burial or Repatriation: In the event of accidental death, expenses incurred for repatriation and transportation of the mortal remains of the insured person from the place of death to home or preparation and local burial of the mortal remains of the insured person. (The actual amount of local burial / repatriation expenses OR Rs. 10,000/- whichever is less).