Note: Task 1 (Question 1) In this question you can choose any Gulf country if not possible for Oman.
Module Learning Outcomes The following Los are achieved by the student by completing the assignment successfully 1) Examine the working of the financial system including financial institutions and financial instruments present today. 2) Apply the concepts of present value, future value, compounding discounting, annuities etc which are essential to understand how financial instruments are priced and how they operate. Assignment Tasks TASK: 1 (50 marks) Banking sector plays a vital role for the development and growth of Oman's economy. Banking and financial institutions offer various financial instruments to individual and business customers based on their choice. In this scenario you are asked to identify the need for personal and commercial banking practices by capturing following points. 1. Investigate the different types of banks and financial institutions operationing in Oman. (20 marks) 2. Analyze the essential differences between direct and indirect financing and identify the characteristics of any FIVE typical Financial Instruments used in these type of financing. (30 marks) Banking and Financial Products & Services (BUSS 1603) Spring -20 -CW1 (IP) - A-QP Guidelines: 1. Words limit Q.1 between 500-600 words. 2. Words Limit Q.2 between 800 - 900 words. TASK: 2 (50 marks) Apply your understanding about the present value and future value of annuities and prepare TWO Loan EMI (EMI = Equated Monthly Installments) payment schedules based on the following instructions, 1. Loan Summary and schedule of Short term loan (20 marks) 2. Loan Summary and schedule of Long term loan (20 marks) Guidelines: 1. Suggested Short term Loan period is 1 year to 3 years 2. Suggested Long term Loan period is 7 years and above 3. Each loan summary should contains following points: a. What type of loan is chosen? b. Why it is chosen? C. Interest rate, number of years (loan period) and loan amount to be assumed and clearly stated d. Starting date and ending date of the loan period is to be mentioned 4. The payment schedule should cover the following: a. Serial No. b. Date (period) C. EMI amount (EMI = Equated Monthly Installments) d. Principal component of the EMI e. Interest component of the EMI f. Interest paid to date g. Principal paid to date h. Principal balance 5. General formatting, cover page, table of contents, References & Citations (10 marks) 6. To be submitted only through MOODLE Module Learning Outcomes The following Los are achieved by the student by completing the assignment successfully 1) Examine the working of the financial system including financial institutions and financial instruments present today. 2) Apply the concepts of present value, future value, compounding discounting, annuities etc which are essential to understand how financial instruments are priced and how they operate. Assignment Tasks TASK: 1 (50 marks) Banking sector plays a vital role for the development and growth of Oman's economy. Banking and financial institutions offer various financial instruments to individual and business customers based on their choice. In this scenario you are asked to identify the need for personal and commercial banking practices by capturing following points. 1. Investigate the different types of banks and financial institutions operationing in Oman. (20 marks) 2. Analyze the essential differences between direct and indirect financing and identify the characteristics of any FIVE typical Financial Instruments used in these type of financing. (30 marks) Banking and Financial Products & Services (BUSS 1603) Spring -20 -CW1 (IP) - A-QP Guidelines: 1. Words limit Q.1 between 500-600 words. 2. Words Limit Q.2 between 800 - 900 words. TASK: 2 (50 marks) Apply your understanding about the present value and future value of annuities and prepare TWO Loan EMI (EMI = Equated Monthly Installments) payment schedules based on the following instructions, 1. Loan Summary and schedule of Short term loan (20 marks) 2. Loan Summary and schedule of Long term loan (20 marks) Guidelines: 1. Suggested Short term Loan period is 1 year to 3 years 2. Suggested Long term Loan period is 7 years and above 3. Each loan summary should contains following points: a. What type of loan is chosen? b. Why it is chosen? C. Interest rate, number of years (loan period) and loan amount to be assumed and clearly stated d. Starting date and ending date of the loan period is to be mentioned 4. The payment schedule should cover the following: a. Serial No. b. Date (period) C. EMI amount (EMI = Equated Monthly Installments) d. Principal component of the EMI e. Interest component of the EMI f. Interest paid to date g. Principal paid to date h. Principal balance 5. General formatting, cover page, table of contents, References & Citations (10 marks) 6. To be submitted only through MOODLE
