Titlul articolului indica "Accused fraud mastermind 'without particular genius'"
Este vorba despre un angajat al grupului Societe Generale, grup care detine BRD-ul din Romania. Este necesara o precizare de la inceputul articolului pentru a va pune in tema asupra contextului.
La nivel de grup financiar un anumit procent din lichiditatile detinute sunt investite pe piata valutara. Piata valutara este in continua miscare insemnand ca rata de schimb afisata la banci sau la casele de schimb valutat pentru o anumita zi din an nu este si cea reala.
Rata care apare pentru o anumita zi reprezinta de fapt o medie a zilei anterioare sau valoarea maxima la care a ajuns moneda respectiva cu o zi un urma.
Cu aceasta lamurire revin la subiectul articolului precizand ca domnul Kerviel de fapt asta facea. Practic dintr-un procent de 15% lihttp://www.blogger.com/post-edit.g?blogID=236272615596487913&postID=1021076128735979547
Blogger: Be safe in ePay world - EditaĊ£i articolul "Chicago Tribune despre traderul Jerome Kerviel"chiditati angajatii pe functiile de traderi au responsabilitatea sa cumpere sau sa vanda anumite perechi valutare functie de strategia pe care si-o creeaza. Aceasta strategie este urmare a unei analize tehnice sau "technical analisys".
Valoarea curenta a unei valute precum si prognoza pentru perioade scurte de timp se deduce (economia fundamentala este in dezacord cu analiza tehnica) din studiul evolutiei valorilor anterioare.
De aici si pana la cum a reusit sa cauzeze o pierdere de 7,2 miliarde de dolari e cale lunga. In primul rand pentru ca toate mecanismele de investitii pe piata valutara folosesc metoda stop-loss prin care nu iti permite sa pierzi mai mult decat ai. Rata de multiplicare pe care o poti obtine este in medie de 1:100 adica un euro poate cumpara echivalentul a 100 de unitati.
In acelasi fel traderul Kerviel putea deschide anumite pozitii in limita stocului real iar cu rata de multiplicare ar fi ajuns la o asemenea suma. Pe de alta parte o asemenea suma 7,2 miliarde pierdute pot echivala cu pozitii de 100 de ori aceasta valoare deschise la un moment dat in piata.
As face o pledoarie in favoarea traderului francez din urmatoarele doua motive. O munca de acest gen este in unul din cele mai speculative medii de lucru. Speculatiile la bursa implica un grad ridicat de risc daca nu cel mai ridicat. Pe de alta parte sumele pe care el le-ar fi avut de gestionat reprezinta o responsabilitate uriasa pentru o singura persoana daca aceasta persoana eludeaza procedurile/ uzantele bancii pentru care lucreaza.
Un alt motiv care mi se pare ca ii acorda circumstante atenuante este si gradul de fluctuatie de pe piata valutara din perioada de inceput a lui 2008. Euro in raport cu dolarul american a cunoscut evolutii foarte ciudate atingand valori maxime fata de perioade mergand in urma cu 3 ani.
In acest context consider ca a fost vorba de o eroare umana si de management deoarece mai ales intr-o banca oricine ar putea verifica teoretic ce pozitii si pe ce sume sunt deschise in orice moment al zilei.
Saturday, January 26, 2008
Saturday, January 19, 2008
Depozite sau economii
In momentele in care modificarile valutare urmeaza un trend volatil apar dileme de genul daca este mai bine sa facem economii in lei sau in Euro sau dolari.
Economiile in Euro raman o varianta pentru termen lung deoarece prognoza indica o crestere relativa pana/ inclusiv in luna martie. Valoarea prognozata este la 3.7 ron (ceea ce este deja actual) dupa care o continua descrestere pana catre finalul anului 2008 unde va cobori la 3.2 - 3.3 ron.
Dobanzile la depozitele in euro oferite de banci (BRD si BCR-Erste) ating un maxim de 4.5% doar pentru termene de peste un an. Raiffeisen ofera mai putin in jur de 3.75%. Cea mai buna varianta pentru un depozit pe un termen de pana la 2 ani este dintre cele 3 este BRD apoi BCR-Erste Bank si Raiffeisen.
Economiile in Euro raman o varianta pentru termen lung deoarece prognoza indica o crestere relativa pana/ inclusiv in luna martie. Valoarea prognozata este la 3.7 ron (ceea ce este deja actual) dupa care o continua descrestere pana catre finalul anului 2008 unde va cobori la 3.2 - 3.3 ron.
Dobanzile la depozitele in euro oferite de banci (BRD si BCR-Erste) ating un maxim de 4.5% doar pentru termene de peste un an. Raiffeisen ofera mai putin in jur de 3.75%. Cea mai buna varianta pentru un depozit pe un termen de pana la 2 ani este dintre cele 3 este BRD apoi BCR-Erste Bank si Raiffeisen.
Wednesday, January 16, 2008
PayPal cel mai bun card in Romania
Am fost rugat sa prezint o comparatie pentru ofertele de carduri disponibile pe piata bancara din Romania in scopul utilizarii acestora pentru conturile de PayPal.
Fiind personal posesor de carduri al mai multor banci si avand la activ coordonarea unui eveniment masiv de refuzuri la plata (a se vedea subiectul La Redoutte unde au fost facut peste 15 refuzuri la plata catre acelasi comerciant) voi incepe cu o intrebare.
Cel mai bun card din ce punct de vedere? As spune ca suntem preocupati nu atat de cat de usor sau de dificil accepta PayPal un card sau altul cat mai degraba ce fel de protectie ofera banca emitenta.
Acest lucru inseamna disponibilitatea bancii respective de a rezolva in favoarea ta un refuz la plata in cazul in care lucrurile merg prost cu o tranzactie.
Pana acum singura capabila sa rezolve spre satisfactia clientului un refuz la plata a fost Raiffeisen Bank.
Pe de alta parte puteti lua in considerare si moneda in care urmeaza sa tranzactionati cu alte cuvinte cardul pe care il cautati trebuie sa fie in Euro sau in USD in functie de piata pe care intentionati sa activati.
Pentru dolari cel mai potrivit este un Mastercard in dolari de la banca sus amintita iar pentru Euro un MasterCard in Euro. Planificarea cardului tine si de ce moneda primiti ca venit, adica salariu, bonus, chirii etc. Daca primiti dolari lunar are mai mult sens sa deschizi un cont in dolari si implicit un card atasat in dolari.
Oricare dintre variante nu va restrictioneaza optiunile in nici un fel. Astfel puteti beneficia de utilizarea internationala a acestor carduri oricand doriti. Puteti merge oriunde in Europa si plati cu un Mastercard in dolari sau in Euro de la Budapesta la Wiena si chiar in Anglia.
Modalitatea de verificare din partea PayPal a identitatii unui cont este aceeasi indiferent de banca sau de cardul utilizat. Acest procedeu este descris intr-un alt articol sub denumirea PayPal Expuse Code.
Fiind personal posesor de carduri al mai multor banci si avand la activ coordonarea unui eveniment masiv de refuzuri la plata (a se vedea subiectul La Redoutte unde au fost facut peste 15 refuzuri la plata catre acelasi comerciant) voi incepe cu o intrebare.
Cel mai bun card din ce punct de vedere? As spune ca suntem preocupati nu atat de cat de usor sau de dificil accepta PayPal un card sau altul cat mai degraba ce fel de protectie ofera banca emitenta.
Acest lucru inseamna disponibilitatea bancii respective de a rezolva in favoarea ta un refuz la plata in cazul in care lucrurile merg prost cu o tranzactie.
Pana acum singura capabila sa rezolve spre satisfactia clientului un refuz la plata a fost Raiffeisen Bank.
Pe de alta parte puteti lua in considerare si moneda in care urmeaza sa tranzactionati cu alte cuvinte cardul pe care il cautati trebuie sa fie in Euro sau in USD in functie de piata pe care intentionati sa activati.
Pentru dolari cel mai potrivit este un Mastercard in dolari de la banca sus amintita iar pentru Euro un MasterCard in Euro. Planificarea cardului tine si de ce moneda primiti ca venit, adica salariu, bonus, chirii etc. Daca primiti dolari lunar are mai mult sens sa deschizi un cont in dolari si implicit un card atasat in dolari.
Oricare dintre variante nu va restrictioneaza optiunile in nici un fel. Astfel puteti beneficia de utilizarea internationala a acestor carduri oricand doriti. Puteti merge oriunde in Europa si plati cu un Mastercard in dolari sau in Euro de la Budapesta la Wiena si chiar in Anglia.
Modalitatea de verificare din partea PayPal a identitatii unui cont este aceeasi indiferent de banca sau de cardul utilizat. Acest procedeu este descris intr-un alt articol sub denumirea PayPal Expuse Code.
Tuesday, January 15, 2008
Top ways to stay safe in epayment
As I would like it to be clear on the first line please note that the top trick in getting your identity stolen is by phishing. Ok so that means stay alert about giving out your details. It`s been said and written over and over that phishing is number one way of loosing your identity (billing address, security questions, credit or debit card numbers and phone numbers) online in the hands of ruthless criminals. Nevertheless it doesn`t make it disappear as thousands of people get scammed everyday out of their precious data.
One of the latest trends is through social networks such as myspace or friendster and hi5. This legitimate phenomenon of web.2.o is now getting exploited by the same people as before. They too have spread networks so to keep a long story short I would sum up a list that you could print out and keep it in your wallet.
1. Do not respond to unsolicited emails asking you to confirm your billing details. No bank on the planet would make you confirm your identity by asking you data they should ALREADY have.
2. When browsing social networking sites do not fall for any of the following tricks: offer to pay for your "friend`s" ticket unless you personally know the person, do not offer to pay for a puppy or any cute animal to save it from Senegal or Mozambique they often do not exist, do not offer to pay rent or any loses a "social networked" friend would come up with it`s no more no less than a scam.
3. When physically present in a foreign country and paying by credit card watch closely where your card is being placed as sometimes skimming may occur without you noticing it along with your payment. Next thing you know is your card was used two continents away...
4. Check your online statement for any signs of unrecognized charges. Small Amount non recognized payments go undetected for a 6 week period of time as most fraud experienced individuals go for low amounts during an extended period of time rather than fast high amount purchases.
5. Call the merchant! Most banks should be able to provide you with a toll free number to call for inquiring about a specific purchase. And as a secret most merchants include their toll free number in the billing descriptor to make it faster and more convenient for you to recognize as they do not want any illegitimate chargebacks.
6. Use prepaid credit cards. Most times these can get you out of illegitimate activities as they are only valid for a short period of time and are linked to a bank account only for the prepaid amount and not more thus rest of the funds being intangible.
7. If you are spammed with a lottery gain that you know you never entered stay away from it as you know better that no money comes effortless. Why would lottery be so much different?
8. If you are a merchant check all your high orders for any sign of inconsistency. This means any mismatch between the identity of the payer and the shipping address or between the name and the accent or funky email addressed created for free on yahoo.
You can check when was the last update under the yahoo profile section and a fresh email address (recent) indicates the individual is not really "as advertised".
9. Watch out for any fast deals. Wherever the speed of a claimed deal such as discount now, large discount offer of less than 40% of the price you find anywhere else "only if you act now" is not a positive sign. Rather wait and compare options than submitting your details on the spot. The two continent away purchases won`t hesitate to appear afterwards...
10. Keep an open mind about everything that involves immediate payment and you cannot check the reputation of the seller. We live in the digital world where almost everything is supposed to be traceable so do a background check on your seller or buyer and if you come with a reasonable number of clues as to indicate consistency then go for it otherwise wait and compare with a different offer.
The above indications are not claimed to be complete yet should suffice any interested person in keeping themselves safe in the epay world.
One of the latest trends is through social networks such as myspace or friendster and hi5. This legitimate phenomenon of web.2.o is now getting exploited by the same people as before. They too have spread networks so to keep a long story short I would sum up a list that you could print out and keep it in your wallet.
1. Do not respond to unsolicited emails asking you to confirm your billing details. No bank on the planet would make you confirm your identity by asking you data they should ALREADY have.
2. When browsing social networking sites do not fall for any of the following tricks: offer to pay for your "friend`s" ticket unless you personally know the person, do not offer to pay for a puppy or any cute animal to save it from Senegal or Mozambique they often do not exist, do not offer to pay rent or any loses a "social networked" friend would come up with it`s no more no less than a scam.
3. When physically present in a foreign country and paying by credit card watch closely where your card is being placed as sometimes skimming may occur without you noticing it along with your payment. Next thing you know is your card was used two continents away...
4. Check your online statement for any signs of unrecognized charges. Small Amount non recognized payments go undetected for a 6 week period of time as most fraud experienced individuals go for low amounts during an extended period of time rather than fast high amount purchases.
5. Call the merchant! Most banks should be able to provide you with a toll free number to call for inquiring about a specific purchase. And as a secret most merchants include their toll free number in the billing descriptor to make it faster and more convenient for you to recognize as they do not want any illegitimate chargebacks.
6. Use prepaid credit cards. Most times these can get you out of illegitimate activities as they are only valid for a short period of time and are linked to a bank account only for the prepaid amount and not more thus rest of the funds being intangible.
7. If you are spammed with a lottery gain that you know you never entered stay away from it as you know better that no money comes effortless. Why would lottery be so much different?
8. If you are a merchant check all your high orders for any sign of inconsistency. This means any mismatch between the identity of the payer and the shipping address or between the name and the accent or funky email addressed created for free on yahoo.
You can check when was the last update under the yahoo profile section and a fresh email address (recent) indicates the individual is not really "as advertised".
9. Watch out for any fast deals. Wherever the speed of a claimed deal such as discount now, large discount offer of less than 40% of the price you find anywhere else "only if you act now" is not a positive sign. Rather wait and compare options than submitting your details on the spot. The two continent away purchases won`t hesitate to appear afterwards...
10. Keep an open mind about everything that involves immediate payment and you cannot check the reputation of the seller. We live in the digital world where almost everything is supposed to be traceable so do a background check on your seller or buyer and if you come with a reasonable number of clues as to indicate consistency then go for it otherwise wait and compare with a different offer.
The above indications are not claimed to be complete yet should suffice any interested person in keeping themselves safe in the epay world.
Saturday, January 12, 2008
What is an efficient chargeback?
All the time someone gets an unrecognized charge on their statement they have two options. One of them is to call your credit card company asking them for the phone number of the Company that incurred the charge and a second option is to simply dispute it.
If you are unsure what the Company stands for (what services they provide or what they sell) it is strongly advised to give them a call. This because some companies don`t display their store brand name next to the charges but some third party processor.
Now if calling that number helps remember the Merchant and you know it was a legitimate charge then there is no need to dispute it as most probably, if they have a cbk department in place, you will loose it on a Visa and Mastercard.
Companies with large amount of sales have a chargeback department and they can respond and win back the charge that you disputed in the first place. This not only results in lost time and money but also will give you a hard time if you intend to make any more purchases with that company in the future.
On the other hand if calling the toll free and still not recognize the Company or you haven`t purchased with them then go ahead with a dispute mentioning what your reasons are. It is usually a good idea to provide as much information as possible about the time and date, the possession of the card at that point and the missing/ unrecognized Amounts.
You will have to receive then what is called the conditional credit which means the charged amount is set back into your account and will stay as conditional until that company responds or x number of days (usually 14) have passed and no response came from the company. This usually means they acknowledge the charge was fraudulent.
A last piece of advise on this matter would be to use it moderate and be careful with your cards as a charegeback dispute on a reason of fraud will automatically incur the cancellation of that cc and additional fees and time for issuing a new one.
If you are unsure what the Company stands for (what services they provide or what they sell) it is strongly advised to give them a call. This because some companies don`t display their store brand name next to the charges but some third party processor.
Now if calling that number helps remember the Merchant and you know it was a legitimate charge then there is no need to dispute it as most probably, if they have a cbk department in place, you will loose it on a Visa and Mastercard.
Companies with large amount of sales have a chargeback department and they can respond and win back the charge that you disputed in the first place. This not only results in lost time and money but also will give you a hard time if you intend to make any more purchases with that company in the future.
On the other hand if calling the toll free and still not recognize the Company or you haven`t purchased with them then go ahead with a dispute mentioning what your reasons are. It is usually a good idea to provide as much information as possible about the time and date, the possession of the card at that point and the missing/ unrecognized Amounts.
You will have to receive then what is called the conditional credit which means the charged amount is set back into your account and will stay as conditional until that company responds or x number of days (usually 14) have passed and no response came from the company. This usually means they acknowledge the charge was fraudulent.
A last piece of advise on this matter would be to use it moderate and be careful with your cards as a charegeback dispute on a reason of fraud will automatically incur the cancellation of that cc and additional fees and time for issuing a new one.
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