FNSFMB403 Present Broking Options to Client

FNSFMB403 PRESENT
BROKING OPTIONS TO
CLIENT

Table of Contents
WRITTEN ACTIVITY...................................................................................................................4
TASK 1............................................................................................................................................4
TASK 2............................................................................................................................................4
Presentation of formulae..............................................................................................................4
TASK 3............................................................................................................................................5
Identifying government assistance in following..........................................................................5
TASK 4............................................................................................................................................6
Describing Risk factor associated with borrowings....................................................................6
TASK 5............................................................................................................................................7
Describing features of different presentational techniques.........................................................7
TASK 6............................................................................................................................................7
Explaining features of codes in regards to disclosure & application of relevant fees, charges
and commission...........................................................................................................................7
TASK 7............................................................................................................................................8
Describing the process of negotiation with clients......................................................................8
THIRD PART REPORT..................................................................................................................9
1. Presenting suitable industry & products to client according to their requirements and
understanding...............................................................................................................................9
2. Negotiating loan applications for getting consent from the client.........................................10
3. Discussing the implementation actions for loan applications................................................10
Question 4..................................................................................................................................11
RESEARCH TASK.......................................................................................................................14
Question 1..................................................................................................................................14
Question 2..................................................................................................................................14
Question 3..................................................................................................................................15
Question 4..................................................................................................................................15
Question 5..................................................................................................................................15
Question 6..................................................................................................................................15
Question 7..................................................................................................................................16

Question 8..................................................................................................................................16
Question 9..................................................................................................................................16
Question 10................................................................................................................................16
Question 11................................................................................................................................16
Question 12................................................................................................................................17
Question 13................................................................................................................................17
REFERENCES................................................................................................................................1

WRITTEN ACTIVITY
TASK 1
 Finance and mortgage industry offers variety of lending products. Financial industry of
Australia is provides several lending products like personal loans, line of credit accounts
& card, home equity and mortgage, investing, invoice financing, overdraft service, em-
ployment income, etc. Portfolio is formed of varying products having different rates of
interest so that mitigating becomes possible.
 Banks, building societies & credit unions, retail lenders, specialist non banking institu-
tions, etc are types of lenders in the specified sector (Ouma, Odongo and Were, 2017).
This institutions assists individual and organization to obtain unsecured & secured per-
sonal, title, payday, pawn shop, home equity, credit card cash advance loans, etc. These
institutions provide debt on different rate which includes fixed, floating, etc to derive
portfolio services.
 Mortgage sector usually offers the portfolio of jumbo, conventional, government insured,
adjustable as well fixed rate, FHA, VA,MILITARY, HELOCs services. Australian mort-
gage industry is very wide which enable borrowers to have distinct types of option to ful-
fill their requirements in effective manner. companies in Australia serves different types
of products to meet their objective of distinctiveness characteristics of services from
other participants of industry.
 The procedure of loan application is step by step activity which begins from visiting fi-
nancial lender’s branch or website, filling all necessary and require and submitting to
lender, eligibility of applicant will be verified through evaluation of essential income &
other statements, if applicant is found eligible according to lending criteria then loan
amount will be disburse to particular applicant.
TASK 2
Presentation of formulae
a) Interest Rate (IR)
= Amount of interest*100 /Principle value *time or (I*100/P*t)
= Interest expenses / Principle balance *100