Bank Corralito

A corralito is a restriction decreed by a government that consists in preventing banks from opening their doors to prevent citizens from withdrawing their money at the same time, sinking the financial system . The main reason why a corralito is decreed, is to prevent a situation of bank panic, in which citizens go to the bank … Read more

Credit unions

Credit unions are private commercial companies whose purpose is to meet the financial needs of their members. They exercise the functions of a banking entity, but they differ from banks in their form of administration and government. Credit unions try to meet the credit and savings needs of the members that make them up. They are usually … Read more

Convexity of a bond

The convexity of a bond is the slope of the curve that relates price and profitability. It measures the change in the duration of the bond as a result of a change in profitability. Mathematically it is expressed as the second derivative of the price-return curve. The formula is as follows: The variation in the price of … Read more

Bankruptcy agreement

The bankruptcy agreement is an agreement between the creditors and the debtorwhereby the bankrupt company is not liquidated, but, with the agreement, the debtor can continue operating his company and paying the creditors with some reduction and deferment on your debts There are two possible solutions to a bankruptcy, the agreement and the liquidation of the debtor’s assets. The … Read more

Financial controller

The financial controller, in the business field, is the person responsible for the control and financial management of the company. Its main mission is to establish a control plan on the different projects of the company, to know what the line of action will be based on how each one of them advances. These control plans … Read more

Controlled of marketing

Price control is a system by which the government sets the rate to be paid for a merchandise , or it can establish a minimum and / or maximum price. Thus, companies in the sector must obey these parameters . In other words, price control is a situation in which the State determines the price or price range to sell a … Read more