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Diploma Of Finance & Mortgage Broking Management | Assignment

   

Added on  2021-04-21

12 Pages2824 Words32 Views
Running head: DIPLOMA IN FINANCE AND MORTGAGE BROKINGDiploma in Finance and Mortgage BrokingName of the Student: Name of the University: Author’s Note:

1DIPLOMA IN FINANCE AND MORTGAGE BROKINGAssignment 2 Part A – The Client List of Questions to be asked to the client There are several questions that need to be asked to the client in order to have anunderstanding about what they want and what is their requirement of money from the bank.The questions that will be asked are follows: Question 1:What is the present age and yearly income of Ray and Steve?Question 2:What are the main sources of Ray and Steve income?Question 3:Why are Ray and Steve interested in expanding their business? Question 4:What kinds of income do Ray and Steve expect to generate from the business?Question 5:What is the current budget you require for initiating the business?Question 6:What are the annual expenses of Ray and Steve? Question 7:Could you provide details about the aims and objectives for expanding thebusiness? Question 8:Could you specify the requirements of invests you are current looking into?Question 9:What is the current bank balance of Ray and Steve? Question 10:Could you recognise the basic capital, which will be needed to support theexpansion? Question 11:Will you recognise the requirements, which you need us to perform?Question 12:Have you been following the rules of investment that have been laid down bythe Australian government?Question 13:Please specify your actions if the investment value diminishes in next 40years?Question 14:Could you please identify the current needs of undertaking into newinvestment for the business? Question 15:What is the primary income source of the business? Question 16:Are you more inclined towards short-term gains or long-term returns?Question 17:Does short-term risk hamper the construction of the portfolio of the business? Question 18:Could you please specify the actions taken during a loss from investment?Question 19:Identify the investment strategy, which is being deployed by you during thedecision making process to reduce risk?Question 20:How effectively do you understand the requirements of investment market?Question 21:Could you explain any previous decisions related to investment and its impacton return?Question 22:Could you recognize the appeasement priority level of Steve and Ray? Question 24:Could you please explain the criterion for achieving success?Question 25:Could you provide details about the process of borrowing undertaken by Steveand Ray for expanding the business? Question 26:Could you please explain investment pattern of your business?Question 27:Have you identified any risk, which might take place after expanding thebusiness?

2DIPLOMA IN FINANCE AND MORTGAGE BROKINGQuestion 28:Could you explain current financial status of the business? Question 29:What are the other investments that Steve and Ray might take place in future?Question 30:Could you specify the requirements True Blue Pty consider before investinginto specific property?Question 31:Could you address the qualification and qualities Steve and Ray demand fromthe consultant?Question 32:Could you please address the geographical limitations of the business? Question 33:Could you please highlight the entire geographical benefits for the business?Question 34:Specify the function, which might be undertaken by us, along with financiallyassisting the business? Question 35:Will you be able to maintain the explained level of income until the period ofloan?Question 36:Could you explain your risk tolerance? Question 37:Could you explain the current disposable income?Question 38:Have you looked at undertaking investments in equity or other kinds ofinvestments?Question 39:Have you taken loan from any other financial companies for the sameproperty?Question 40:Have you advanced any other financial companies for loan? If yes, what wasthe offer and why did it not work out?Question 41:Do you have any idea about the financial products provided by us?Question 42:Will the business be looking to transform the present investment scenario ifbetter opportunity is given?Report This report is provided to the client in order to have an understanding of the entirescenario of the client, their requirement of taking a loan and the amount of money that will beneeded in order to expand their business and increase their level of income. The parties that are associated with the undertaking of the loan are Ray Henley andSteve Manning who are currently owners of a transport organization and have beenperforming effectively in the Australian market. The owners are in the idea of expandingtheir business by opening a new company that would providing rent of trailers and otherequipments to the existing transport company of Steve and Ray and thereby improve theirbusiness activities and increase their level of income. This would reduce their expenses anddependency on external suppliers. The other party to the loan is the lender who would be

3DIPLOMA IN FINANCE AND MORTGAGE BROKINGproviding loan to the client. There are several lenders that are available to the client andtherefore the client needs to understand the correct lender for them according to their goalsand objectives. SecurityThe transport business has been functioning in the economy for around 34 months andhas effective level of operations and profit. The business has effective level of financialstatements that have budgeted income and estimated sales constructed in an effective manner.In order to take the loan for the purpose of the expansion of their business, the owners of thebusiness needs to maintain their existing business premises and the business as a whole as asecurity. This land for the business and the projected income of the business is a suitablesecurity for taking the loan and providing this security will be accepted by the lenders. Facility Details Steve and Ray have the intention of expanding their business and have thereforefounded a new business altogether that would be concerned with providing rent to thetransport company like renting of trailers, dog trailers and other equipment to transportcompany would not only expand their business but would reduce their level of dependencyon the external suppliers and hence would reduce their cost and increase their level ofincome. Steve and Ray are looking to take a loan in order to purchase the equipment that isessential for the business. In order to facilitate the business, Steve and Ray have leased a landwhere they would be establishing their business and would be running their company. Therent of the leased land is $6000 per month. This is the facility details for the new businessthat is proposed by Steve and Ray. Lender Details

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