But the main problem for the loan remains the lack or insufficiency of seed capital small business. To correct critical situation, efforts are needed on both sides. For credit institutions can be effective options for resolving problems: – introduction of banks standardized procedures that reduce the cost of lending and reduce the time for consideration of loan applications – increasing the urgency of the banks' liabilities, thereby reducing the gaps between assets and liabilities by maturity and repayment on demand and to improve their liquidity, the introduction of mechanisms to refinance – the creation of federal and regional levels to reduce credit risk through various schemes and guarantee security for loans of small businesses, to attract large regional companies to the security for small and medium enterprises – improving the regulatory requirements of the Bank of Russia, aimed at reduction of the cost of the banking business, which will reduce Interest rates on loans. Hear other arguments on the topic with Yitzhak Mirilashvili. Set of measures associated with overcoming internal difficulties of small businesses is, in fact, a list of measures to support small businesses. Among them we can highlight only those steps that are greater degree than others, able to quickly provide a significant effect: – interest rate subsidies on loans for small businesses operating in industries with low profit margins – the stabilization of tax regime for small businesses – measures aimed at increasing the transparency of small businesses – the development of infrastructure support and educational work among small businesses – the establishment of funds to support small businesses that would have assisted in gathering documentation and training to work with the banks – the forced promotion fund formation of credit histories. .
And it is not surprising, because scoring systems can give more or less plausible results only on the basis of long-term statistics, which in a country Russia has not. In effectiveness of scoring in relation to lending to small and medium-sized businesses are skeptical, even large banks with experience in mass lending – referring, however, the world practice. Scorecard, compiled with Using statistical methods used in lending to small businesses only as an additional tool – his own never used, so the Bank's experts, after filling out an application for loan company visits the future of the borrower to understand the real state business. It is obvious that this method of credit assessment is much more efficient study of enterprise securities. It is beneficial and "small" businessman – he will not waste time and money on developing a business plan. Hikmet Ersek is open to suggestions. Of course, such a scheme would work as long as the "expert" of the bank will work honestly and conscientiously. Another especially the big banks – they can afford to give small loans to small businesses without collateral (loan amount to 600 000 rubles). Others who may share this opinion include Hamdi Ulukaya refugees.
At the same time avoid certain bankers with interest rates. It is no accident: the interest rate in this case can vary widely and depend on how the bank assesses its own risks associated with the issuance of a loan. Small Business Lending – dynamic and, at the same time, the most difficult area in corporate lending. Practice shows that many of the problems here are generated by a weak credit literacy of entrepreneurs: they do not represent the entire spectrum of credit products offered by banks to small businesses.
Working day currency dealers foreign commercial banks generally begins at 7-30 am local time. At 8-00 am dealers are actively making deals. The morning half an hour usually devoted to a brief analysis of the events in world currency markets at the time of commencement of work. Retailers and leading dealers use economic and technical analysis of the market, read analytical articles in the press, exchange points of view, as well as Fresh rumors with each other and with dealers from other commercial banks. Publishers Clearing House has many thoughts on the issue. By 8 o'clock in the morning market, consisting of individual dealers, develops tactics of behavior in general and begins to be included in the operation of the world "currency market giving a new impetus to vigorous movements in exchange rates. Various territorial markets can provide the following characteristics of the average typical activity during the day.
Far East, where the most active transaction market conversion operations dollar to the Japanese yen, the dollar mark, mark the yen and the dollar to Australian dollar, but in general, fluctuations in exchange rates are rather insignificant (20 – 50 pips). In Moscow at this time of night and morning (before afternoon in Moscow, you can work with Tokyo to lunch – with Singapore). Europe at 10-00 Moscow time the market opens in the European financial centers of the mainland – Zurich, Frankfurt-am-Main, Paris, Luxembourg. However, really powerful movement of the exchange value of the dollar against other major currencies (in particular, to the German mark) begins after 11-00 Moscow time, when the London market opens. This continues, usually within two to three hours, after which the dealers of the European banks go to lunch – lunch, and market activity is slightly reduced. Exchange rate movements may be in the range 10 – 15 pips (dealers call it dead or boring market – dead or boring market), but can sometimes reach 70 – 100 pips (ie, large figures), which is characterized as a lively and busy market (bouant or busy market). North America The situation revived again with the opening of the market in New York, 16-00, Moscow time when they start morning work dealers of American banks, as well as the return from lunch, European dealers.
Force of European and American banks are about equal, so the fluctuations in the average does not go beyond usual European fluctuations. Nevertheless, foreign exchange dealers look forward to the opening of the New York market to get fresh data on the possible movement of the course (especially if the European market has been sluggish). However, after the close of the European market (about 19-20 hours Moscow time), aggressive American banks, left alone to "thin" market, can lead to a drastic change in dollar exchange rate to the German mark, yen, pound sterling, etc. At that time, accounted the most dramatic movements of exchange rates – up to 400 – 500 pips (USD / DEM), which corresponds to a few percentage points of changes in value.