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Anonymoushttp://www.blogger.com/profile/02042049455830726543noreply@blogger.comBlogger258125tag:blogger.com,1999:blog-1625713267924554774.post-71276245996568881342020-01-02T02:17:00.001-05:002020-05-01T02:33:49.467-04:00Information Age<img alt="" border="0" id="BLOGGER_PHOTO_ID_5364124349489666690" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYLiepLwwDytym3YwzDywhzDKTWyc3P7SUpUQv-NGBZhOv1Ox71Hz91ahzUwu4UAqAV1BydO9dIoizexl4kdneMZ_pH1Chm4gdobZnKiTcwRCs8icLdyGFacNO9p0WlTUcWxA01fZDRyw/s320/Michael+Holman+Sr.+Presenting+at+National+Conference+in+Ph(1).BMP" style="float: right; height: 251px; margin: 0px 0px 10px 10px; width: 320px;" /><br />
Just this week I had to do a paper for a Pace University class I'm taking on one of the historical events that really had an impact on history. The paper had to be somewhat extensive and I thought "Woe Is Me!". Low and behold after conducting a search, I found a website the zeroed in on the Top Ten Historical Events at<br />
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<span style="font-weight: bold;"><a href="https://archive.org/details/bbs_documentary">BBS HISTORY</a></span><br />
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Seeing how I love Information Technology, my eyes immediately zeroed in on number 9, The Dawning Of The Information Age. <br />
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This was in my opinion a "loaded" topic as there are so many aspects and I had to think of what could I zero in on. I decided to zero in on flow of digital information exchange as I saw it as well as played a role in the early 1990's. Similar to an article I did recently and posted on my <b><a href="https://wallststimulus.blogspot.com/2012/08/wall-street-30-years-later-then.html" target="_blank">Blog, which reflected on my Andrew Jackson High School years, while working on Wall Street in the 1980's</a></b>, once again to some what you are about to read may seem unclear in terms of trying to get a picture of what was going on, to others it may seem a little clear and yet to others it will be crystal clear. Here's just a little portion of the paper I came up with...<br />
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The Information Age brought about computers and the internet. <br />
The factual information is that we are able to do more now than we could prior to the dawning of information age. Computers in their current form today were on-existent. The computers that did exist took up the size of a large room. Computer code was written on punch cards and “fed” into the computers. There is a podcast on iTunes of <a href="https://youtu.be/wvhW8cp15tk" target="_blank"><b>Bill Gates and Steve Jobs</b></a> that speak of how things were prior to the real evolution of the information age. <br />
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The computers that did exist that could be used by individuals as noted in the podcast had very little memory and hard disk space. Because of this the programs written to run on these computers also had very limited capabilities. The computer programming code existed on tape recorders. I know this personally because I used the computers like this. One of the early computers that were in existence was made by Radio Shack and was called the TRS-80. The computer was not stand alone with a display but rather was more like a keyboard with outlets to input peripherals. To this “keyboard” I connected my TV which served as a display. I also connected little snap in cartridges which contained the programs I wanted to run. There were cartridges for Word Processing, Spreadsheets and even online communications via Videotext Cartridge. There was also a programming language cartridge called Basic Assembler. You could save your work (Wording Docs, Spreadsheets, etc.) on to a Cassette Tape Recorder. To get online I used a cable connected to the keyboard that when into a separate Modem. This Modem connected me to the Information Services that existed at the time such as CompuServe Information Service (CIS). This was the “Internet” for users of the time. You were able to read the latest news, join in Bulletin Board Discussions as well as participate in Live Chat. <br />
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Information Exchange was a key part of the Information Age. As the Information Age further evolved, individual users found that that if they did not want to pay for an online information service such as CompuServe, they could create they own exchange of information between one or more users. This was done via the use of Computer Bulletin Board Systems or BBS’s. I ran one of these systems. Users were able to l dial my system (my actual telephone line) and I had my computer setup “ready” to take calls from users. I had Message Boards setup for users to exchange information with each other on my system. A Network of Computer Users evolved that at certain intervals at night would “drop off” messages to other Bulletin Board Systems. The Message exchange would be to the “next closest” system so that eventually the message “drop off” would cover the global. Popular networks of that time were called <span style="font-weight: bold;">“<a href="http://www.fidonet.org/">Fido Net</a>”</span> Systems where numerically assigned numbers were the “ID” number for the individual computer board systems. The cost was just the phone calls and thus the mail drop offs occurred late at night were rates were low. <br />
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At this point the Internet was not in full swing, but E-Commerce was “up and coming” Using these same Bulletin Board Systems users were able to subscribe to services during their dial up session and purchase products using a credit card. The Bulletin Board System would just as it “dropped off” mail, would “drop off” credit card transactions to a card processor for payment. Automation in these early stages was key, so I had my Bulletin Board System setup to automatically take an incoming call, from a user looking to exchange email and/or purchase products. That same evening my system would automatically go offline to drop of mail to the nearest BBS System part of the Fidonet Network and then make another call to process any pending credit card orders. <br />
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As the Information Age further evolved having a “Website” was the “in” thing to have. With your Website you now became automatically global. Users could now visit your website and do all of the things they did on your Dial up Bulletin Board System. Once more, while you could only have a limited amount of users on your Bulletin Board System, on the Internet via a Website there was no limit. You would only have to pay additionally charges if you had an exceeding large amounts of traffic called bandwidth. The Internet via a Website allowed for Multimedia which was a big step forward. You could now have Sound, Pictures and Video all on your website to enhance the user experience. You could now offer many of the same services that the online information systems such as CompuServe were offering. This capability often led to the demise of companies such as this because “everybody and their mother” could do the same thing. <br />
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Today, my Bulletin Board which was accessed by dialing a phone number is now called up via my website bearing the same name <span style="font-weight: bold;"><a href="http://www.mikeholman.net/newhwinfo/">Holman's World</a></span>. I can offer what I offered on the Bulletin Board Service and much more because of the evolvement of the Information Age.<br />
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The Big Online Services like CompuServe provided the “neat and cool stuff”. I found their offerings were quite exciting. The offered very manageable discussion boards. I actually served as Discussion Board Leader in many of these online forums. I saw what the board looked like from an Administrative point and was impressed. Just as companies were developing products for the BBS users, they were also developing products for the Large Online Services as well. As the Online Services could have numerous amounts of users online, their message boards were very large and just trying to read everything was a challenge. Companies developed software that allowed users to read their messages offline whether for a large online service or a Bulletin Board Service, thus saving online cost. These Offline Readers (OLR) were key for all users as they could mark read messages and compose responses to be sent during their next online session, whether on a large online service or on a computer Bulletin Board Service. <br />
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In the Information Age, we’ve come a long way and it seems we still have a long way to go as today’s technology is history by tomorrow.<br />
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As I did with my Wall Street Article, I'd like to mention again an organization that has played a critical role in technological developements and that organization is <a href="http://www.bdpa.org/">BDPA Information Technology Though Leaders </a>(http://www.bdpa.org/) This organization was right at the forefront of the Bulletin Board Systems back in the day and had it's own FidoNet Style network called, BDPANET. Take at look at some the BDPA files from back in the day as well. Also the picture in this Blog post is me presenting an Internet Seminar at a BDPA National Conference actually during the time when the BDPANET and my BBS was in full swing. The Laptop Shown is what I actually used to run my BBS.<br />
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This paper mentioned the larger online services and offering such as Chat Sessions. I conducted some of them. What did they look like. Have Look at my <span style="font-weight: bold;"><a href="http://www.mikeholman.net/newhwinfo/files/chats/">Chat Logs</a></span> from back in the day.<br />
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Lastly I tried to share an lesson on two on the regular and called them, "Information Highway Lessons".<br />
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Enjoy!<br />
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<br />
<span style="font-weight: bold;">Watch this video relative the Dawning of Age:</span><br />
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<embed src="http://www.youtube.com/v/A85RJMhB8_s&hl=en&fs=1&rel=0&border=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="445" height="364"></embed></object>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-79510996097067182742018-12-08T21:39:00.002-05:002018-12-08T21:39:19.102-05:00David Imonitie<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6McSt3EPGZqmZpFjVqcudJqO5Pe9GhYEehRUamECTXP1qIm78Ok2bQmpNJeWmw5hZteyZnvzJwFfuInOCna6Db8Mj4fXhj7lpvm1ir7TwG-2XKAvjrLktYZGby7A-5yb-cv7Vv1V9k9o/s1600/Screenshot_20181208-204137.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><b><img border="0" data-original-height="1125" data-original-width="1600" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6McSt3EPGZqmZpFjVqcudJqO5Pe9GhYEehRUamECTXP1qIm78Ok2bQmpNJeWmw5hZteyZnvzJwFfuInOCna6Db8Mj4fXhj7lpvm1ir7TwG-2XKAvjrLktYZGby7A-5yb-cv7Vv1V9k9o/s320/Screenshot_20181208-204137.png" width="320" /></b></a></div>
<b><br /></b>
<b>Watch David Imonoitie at <a href="https://youtu.be/C56nDEgEgXg">https://youtu.be/C56nDEgEgXg</a> </b><br />
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<b>Then get more at</b><br />
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<b><a href="http://holmansworld.whatisiml.com/tour.html" target="_blank">http://holmansworld.whatisiml.com/tour.html</a></b><br />
<br />Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-25118674840062170602018-09-16T20:13:00.001-04:002018-09-16T20:13:15.873-04:00IML TOUR<a href="https://photos.app.goo.gl/Q4AYuRx9PsZHke59A">https://photos.app.goo.gl/Q4AYuRx9PsZHke59A</a><br />
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<a href="http://holmansworld.whatisiml.com/tour.html" target="_blank">Get more info here!</a></h2>
Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-6658152867403818622018-08-20T20:49:00.001-04:002018-08-20T20:49:12.334-04:00IML Super Saturday August 25th in New York<br />
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Signup For iMarkets Live is at <a href="https://myimarketslive.co/mholmansr/">https://myimarketslive.co/mholmansr</a>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-22476363873141681132018-07-28T23:16:00.001-04:002018-08-11T20:24:42.479-04:005 Secrets...<div align="left">
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<b>5 Secrets to Networking Success</b></div>
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5 Secrets to Networking Success</div>
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Networking skills are an absolute must for people looking to grow their business. One important skill is being able to interact socially. In this article we go over some simple ways to improve your networking success by polishing your social skills.</div>
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Social skills help us connect with others, and that’s what networking is, connecting with others. The more often you do something, the more it will become second nature. So make an effort to do the following five things regularly:</div>
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<b>Remember to say “please” and “thank you.”</b></div>
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Saying “please” and “thank you” may be so basic that you don’t think it even falls under social skills. Be that as it may, courtesy is so important that it deserves to be listed here, and it’s a large part of what makes up good social skills.</div>
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<b>Make proper eye contact</b></div>
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Making eye contact frequently and appropriately can make the difference between coming across as likable or not. Look at the person when you’re speaking with him or her, but without staring, and pay close attention.</div>
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Even if you’re one of those people who actually can pay attention when they seem to be preoccupied with other things, maintaining eye contact will let the other person know you are interested. Don’t just pay attention, but make sure the other person knows that you’re listening.</div>
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<b>Repeat the other person’s name</b></div>
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In a conversation, be sure to repeat the other person’s name. It will make them feel very much acknowledged and remember their name. There are a lot of quotes about how much people love the sound of their own name, the thing is – it’s true.</div>
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<b>Support others</b></div>
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Whenever you find yourself talking with someone, pay close attention. They may be giving you clues for assistance that you can lend your experience and opportunity with them to help solve their needs.</div>
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<b>Repeat something they’ve said recently</b></div>
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When you’ve had a conversation with someone and talk to them again, repeat something they’ve said. Ask them about something specific to follow up on. It shows them that you paid close attention as we mentioned, but also will remind them of your previous conversation.</div>
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<b>Social skills are a key part of what makes you achieve business success. Practice them regularly and watch how quickly you’ll get new clients!</b></div>
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Posted in <a href="http://imarketsliveblog.co/category/uncategorized/">Uncategorized</a> · </div>
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Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-1524827325782458092017-01-07T12:59:00.002-05:002017-01-07T12:59:07.867-05:00Bank Custody - The Sub Custodian Network<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH5y9ClzHONizSacRKCKZVtlOEf_iDbJgdWFW6uJV7TJNaYQV1ils2TPZXjhVdqyBGWFqsBP0vjiiKFoq4CCoaMvK7RLgaFOIZ5oBKBf_qpvqGMpM0QIep5mKqGqrhUz9_CqSu74HWNlzo/s1600/Holmans+World+GIF.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH5y9ClzHONizSacRKCKZVtlOEf_iDbJgdWFW6uJV7TJNaYQV1ils2TPZXjhVdqyBGWFqsBP0vjiiKFoq4CCoaMvK7RLgaFOIZ5oBKBf_qpvqGMpM0QIep5mKqGqrhUz9_CqSu74HWNlzo/s1600/Holmans+World+GIF.gif" width="162" /> </a></div>
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Within the Global Bank Custody space is a key component, The <a href="http://astore.amazon.com/holmansworld0c/detail/0750654848" target="_blank">Sub Custodian Network</a>. As a Global Custodian, you can have the best systems and best people to manage the client space but if your Sub Custodian Network is weak, this can cripple your business.</div>
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The settlement of securities and cash is heavily dependent on your Sub Custodian Network. These are the contacts overseas that ensure that your Cash and Securities settle on time.</div>
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You may find that all of your trades (cash and securities) are failing in a foreign market. It may be a time to ensure that your Network Management team is evaluating the service being provided by your Sub Custodian Network overseas. The scorecard show continually low marks, it may be time to change your Sub Custodian. Another Sub Custodian may be settling securities and cash in a more timely manner than the Sub Custodian you are currently using.</div>
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Why is this important? You Custody Clients. If your client does not have an Investment Manager, they may decide to move the business to another Custodian. If your client does have an Investment Manager they may have the Manager move the business to another Custodian.</div>
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Again, you can have best systems and people, but your trades are failing in one market and no steps are being taking at the Network Management Level, you can lose the business. The clients may not be satisfied with, "Settlement is slow in that market", particularly if they have an Investment Manager and find that other custodians are settling their trades in that market on time using a different Sub Custodian. Your task at the Custodian Level is the make the steps if necessary to change the Sub Custodian and communicate the change to the client before the issue reaches a level that causes the client to move the business away from you.</div>
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There can be caste strophic issue with a constant failing Sub Custodian in a particular market. Quite often your clients depend on the proceeds of a Sale of a foreign security to fund a potential overdrawn currency balance. If the sale fails, the currency account never get funded unless it's a contractual account that funds the proceeds whether or not the sale settles. Even in this case you may have to claim the interest earned in the foreign currency back from the client as "undue enrichment" if the failing trade was due to the client and not the sub custodian. These scenarios may happen in any event, but why not make sure your Sub Custodian Network is strong to eliminate that ever being a question?</div>
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Have a Strong Sub Custodian Network with a Network Management team rating the timeliness of settlement along with communicating changes to Settlement Instructions is critical to the custody business.</div>
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<a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman" target="_blank">For More Follow My LinkedIn Pulse Series on Custody...A Day In The Life</a></div>
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By Mike Holman</div>
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<a href="http://www.mikeholman.com/">http://www.mikeholman.com/</a> </div>
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<br />Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-79325584986744485402016-08-08T09:27:00.001-04:002016-08-08T09:27:02.557-04:00The Changing Face Of Client Service into Business Analyst<div class="separator" style="clear: both; text-align: center;">
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<b>Hello!
As your Financial Careers Examiner, let me share just a little of what I have seen within my career within Financial Services.
There are loads of aspects of Financial Services, but let me share a little bit on my role which has covered the Back Office moving into the Middle Office arenas.
I started back in the day (as noted in my first Examiner report, <a href="http://wallststimulus.blogspot.com/2012/05/how-wall-street-looked-to-high-school.html" target="_blank">"How Wall Street looked to a high school student"</a>. I understood back in the day, starting in the Back Office that I would definitely be "Hands On". I actually held in my hand some instruments that are rarely found in physical form anymore such as Certificates of Deposits, Bankers Acceptances, Ginnie Mae's, Fannie Mae's and Treasury Notes with the Coupons attached!
Let me emphasize here that these disciplines within your Financial Services Career are excellent to have; after you have obtained them it's important to broaden your horizon or scope of knowledge. Why you may ask??? If you are happy in just that discipline, fine. If you are sure you will always have that position, fine? This was a very valid school of thought in the 1980's! With the onslaught of the Financial Crisis we have seen, this is no longer case (more on that a little later).
I had the opportunity to "branch out if you will" and while still in a Back Office setting I was able to add on Foreign Exchange (Remittance, Confirmations, Settlements, etc.), supporting the Front Office Traders.
From here I moved into the Middle Office, where while I was not so much "Hands On", I was more of a Liaison between the Clients and the various other groups such as Back Office. The Benefit was having worked in the Back Office, I was able to "feel" what they were doing if that makes sense and also because of the networks developed, and I had people to reach out to in trying to meet goals. The Middle Office called upon my knowledge obtained in the Back Office, Money Market, Equity, Fixed and Foreign Exchange.
Let's break this down further (in terms of the impact of change within Financial Services) as you are looking at your Financial Career. What has happened is this:
Little known to us, those physical instruments have gone away as they are morphed into book entry form, so everything is on the system. Where it would take me working through my lunch hour in the back office trying to count physicals such as Municipal Bonds, it is no longer the case with them being converted into book entry from. I mean I would actually have a stack of securities the height of my desk "dropped off" for me to count as it was a delivery from one counterparty to another. With the book entry format, the counting (among many other thing we would have to do such as stamping each security with our Nominee Name (oh the pain!!!) to make it negotiable) has gone away.
With the Economic Crisis events such as 9/11, it has made companies think about really spreading themselves out more geographically. Within the "Location Strategy" initiatives, more onshore jobs and less onshore people have been offshored. With huge financial losses suffered by firms, many have closed down.
It behooves those pursuing a career within Financial Services to learn as much as possible to be as diversified as possible. You will then not be dependent on just on discipline and one firm for your whole career. That one discipline may change (ex. physical to book entry). That one company may outsource that discipline as well.
I started noticing while in the Middle Office using my Back Office skills to assist me on the a day to day basis, that the Client Service role I was performing in the Middle Office was evolving more and more into an Analytical role or Business Analyst role geared even more towards Process Improvement.
I began to take on Business Analyst Roles and found that in seeking to broaden my knowledge, Business Analysis is in no way limited to Financial Services, but is in full swing in many industries. This opens the door when not just a company but an industry may be experiencing a slowdown, another industry, may be in full swing! To compliment what I was doing as a Business Analyst, I also took Business Analysis and Project courses via a company called Global Knowledge. I have obtained the Certification of CBAP® - Certified Business Analysis Professional
I hope this write which include a <a href="http://www.youtube.com/watch?v=UzqkeprIoE8">short video</a> of my <a href="http://mikeholman.com/">background</a> is helpful to you!
Mike Holman
New York Financial Careers Examiner</b>
<iframe allowfullscreen="" frameborder="0" height="364" src="https://www.youtube.com/embed/UzqkeprIoE8" width="445"></iframe>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-49241206447558006782016-01-13T22:35:00.001-05:002016-01-17T23:33:05.996-05:00Author Michael Lewis discusses The Big Short and the future of finance<div class="separator" style="clear: both; text-align: center;">
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<b><a href="http://astore.amazon.com/holmansworld0c/detail/0393338827">Author Michael Lewis discusses his book The Big Short: Inside the Doomsday Machine</a>, the future of finance as he sees it, and his thoughts on whether today's business students have a chance at changing it. Part of the Dean's Speaker Series, co-sponsored by the Center for Responsible Business as part of its Peterson Series on Sustainable Finance. (September 13, 2010)
The University of California Berkeley Haas School of Business is one of the world's leading producers of new ideas and knowledge in all areas of business - which includes the distinction of having two of its faculty members receive the Nobel Prize in Economics over the past 15 years. The school offers six degree-granting programs. Its mission is to develop innovative business leaders - individuals who redefine how we do business by putting new ideas into action, and who do so responsibly. The school's distinctive culture is defined by four key principles - question the status quo; confidence without attitude; students always; and, beyond yourself.</b><br />
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<b><a href="http://astore.amazon.com/holmansworld0c/detail/B016FMYN2W" target="_blank">Get The Kindle Edition with movie tie in here</a></b><br />
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<a href="http://astore.amazon.com/holmansworld0c/detail/B016FMYN2W" target="_blank"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGRKMuxufmjZKrs-bZL_yRV-tbacb3jSx3ppD-7DCN-bQB03XzkqmzFbCw9rnc_4sf_YxRuRvgF2iKbKN4BCtS-2vPVSEyeXTLxIps7daQDmsdp2nh5BJc5WCGiWQ6iplHH_WSaO6u7Uk/s1600/51Oa3ScSW9L._SL210_.jpg" /></a></div>
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After thirty five years on Wall Street, what I believe was a critical part of the cause of the Financial Crisis has been told in a book by Michael Lewis, which is now a movie. "The Big Short": author Michael Lewis on 'betting on Armageddon' during the global financial crisis; making of star-studded new film. <a href="http://trkn.co/g/2899"> Read more at Here...http://trkn.co/g/2899</a> <b><br /></b>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-29752274135140669682016-01-08T20:46:00.000-05:002016-01-08T20:46:13.570-05:00Bank Custody - The Sub Custodian Network<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH5y9ClzHONizSacRKCKZVtlOEf_iDbJgdWFW6uJV7TJNaYQV1ils2TPZXjhVdqyBGWFqsBP0vjiiKFoq4CCoaMvK7RLgaFOIZ5oBKBf_qpvqGMpM0QIep5mKqGqrhUz9_CqSu74HWNlzo/s1600/Holmans+World+GIF.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH5y9ClzHONizSacRKCKZVtlOEf_iDbJgdWFW6uJV7TJNaYQV1ils2TPZXjhVdqyBGWFqsBP0vjiiKFoq4CCoaMvK7RLgaFOIZ5oBKBf_qpvqGMpM0QIep5mKqGqrhUz9_CqSu74HWNlzo/s1600/Holmans+World+GIF.gif" width="162" /> </a></div>
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Within the Global Bank Custody space is a key component, The <a href="http://astore.amazon.com/holmansworld0c/detail/0750654848" target="_blank">Sub Custodian Network</a>. As a Global Custodian, you can have the best systems and best people to manage the client space but if your Sub Custodian Network is weak, this can cripple your business.</div>
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The settlement of securities and cash is heavily dependent on your Sub Custodian Network. These are the contacts overseas that ensure that your Cash and Securities settle on time.</div>
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You may find that all of your trades (cash and securities) are failing in a foreign market. It may be a time to ensure that your Network Management team is evaluating the service being provided by your Sub Custodian Network overseas. The scorecard show continually low marks, it may be time to change your Sub Custodian. Another Sub Custodian may be settling securities and cash in a more timely manner than the Sub Custodian you are currently using.</div>
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Why is this important? You Custody Clients. If your client does not have an Investment Manager, they may decide to move the business to another Custodian. If your client does have an Investment Manager they may have the Manager move the business to another Custodian.</div>
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Again, you can have best systems and people, but your trades are failing in one market and no steps are being taking at the Network Management Level, you can lose the business. The clients may not be satisfied with, "Settlement is slow in that market", particularly if they have an Investment Manager and find that other custodians are settling their trades in that market on time using a different Sub Custodian. Your task at the Custodian Level is the make the steps if necessary to change the Sub Custodian and communicate the change to the client before the issue reaches a level that causes the client to move the business away from you.</div>
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There can be caste strophic issue with a constant failing Sub Custodian in a particular market. Quite often your clients depend on the proceeds of a Sale of a foreign security to fund a potential overdrawn currency balance. If the sale fails, the currency account never get funded unless it's a contractual account that funds the proceeds whether or not the sale settles. Even in this case you may have to claim the interest earned in the foreign currency back from the client as "undue enrichment" if the failing trade was due to the client and not the sub custodian. These scenarios may happen in any event, but why not make sure your Sub Custodian Network is strong to eliminate that ever being a question?</div>
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Have a Strong Sub Custodian Network with a Network Management team rating the timeliness of settlement along with communicating changes to Settlement Instructions is critical to the custody business.</div>
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<a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman" target="_blank">For More Follow My LinkedIn Pulse Series on Custody...A Day In The Life</a></div>
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By Mike Holman</div>
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<a href="http://www.mikeholman.com/">http://www.mikeholman.com/</a> </div>
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<br />Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-82736392237210131542015-10-02T22:25:00.003-04:002015-10-02T22:25:46.896-04:00TD Jakes Message - "The Secret To Elevation"<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6-CqvcU8mOuPUuyHunNuXVdd4vCMpxFcN8OoARnMHSBdtEDhm9uFTc5444IK2TRbjoLLnUtntadfDv4IAjx8cWZo_Iw_m0atCYNpZUPAZ137f5wLTllnY0KgfexLtS16DFFG-iOdemCqP/s1600/TD+Jakes+Elevation.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="256" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6-CqvcU8mOuPUuyHunNuXVdd4vCMpxFcN8OoARnMHSBdtEDhm9uFTc5444IK2TRbjoLLnUtntadfDv4IAjx8cWZo_Iw_m0atCYNpZUPAZ137f5wLTllnY0KgfexLtS16DFFG-iOdemCqP/s320/TD+Jakes+Elevation.jpg" width="320" /></a></div>
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<b>TD Jakes Message - "The Secret To Elevation"</b><br />
<b><span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;"><br /></span>
<span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;">Regardless of the assignment on your life, your career, or the other circumstances you are currently experiencing, the root of your walk with God must be your FAITH. It is the anchor that holds you fast against the storms of life and propels you into God's purpose and blessings for you. In this timely series, Bishop T.D. Jakes highlights the necessity of living by faith while expounding upon its various facets each believer must appropriate and practice. </span></b><br />
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<span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;"><b>"Jesus said that nothing would be impossible for you. If you believe that word, your entire life would become so exciting!" --Bishop T.D. Jakes </b></span><br />
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<b><span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;">CD - </span><a class="yt-uix-redirect-link" dir="ltr" href="https://store.tdjakes.org/p-2828-work-your-faith-4-cds.aspx" rel="nofollow" style="background: rgb(255, 255, 255); border: 0px; color: #167ac6; cursor: pointer; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px; margin: 0px; padding: 0px; text-decoration: none;" target="_blank" title="https://store.tdjakes.org/p-2828-work-your-faith-4-cds.aspx">https://store.tdjakes.org/p-2828-work...</a></b><br />
<b><span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;">DVD - </span><a class="yt-uix-redirect-link" dir="ltr" href="https://store.tdjakes.org/p-2829-work-your-faith-4-dvds.aspx" rel="nofollow" style="background: rgb(255, 255, 255); border: 0px; color: #167ac6; cursor: pointer; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px; margin: 0px; padding: 0px; text-decoration: none;" target="_blank" title="https://store.tdjakes.org/p-2829-work-your-faith-4-dvds.aspx">https://store.tdjakes.org/p-2829-work...</a></b><br />
<span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;"><br /></span>
<span style="background-color: white; color: #333333; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px;">Watch every week at </span><a class="yt-uix-redirect-link" dir="ltr" href="http://www.tdjakes.org/watchnow" rel="nofollow" style="background: rgb(255, 255, 255); border: 0px; color: #167ac6; cursor: pointer; font-family: Roboto, arial, sans-serif; font-size: 13px; line-height: 17px; margin: 0px; padding: 0px; text-decoration: none;" target="_blank" title="http://www.tdjakes.org/watchnow">http://www.tdjakes.org/watchnow</a><br />
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Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-88384799834080805022015-09-17T23:08:00.000-04:002015-09-21T18:11:02.975-04:00Affiliate Marketing - The Money Is In Commissions<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpyPgbsMEKGQJyzDBiUfsWnN0BBbS-G-o32878qI2OCwliwWaOQ2Eu8xwKw7vyE9E5pqyH4djQxHyDLDO3FbltQ3aGq7ia2XkwWqN3BdVmcoJJQSB4zf4SKRaoQP7Di3_xZhUEUzyPoRJC/s1600/affiliate.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="103" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpyPgbsMEKGQJyzDBiUfsWnN0BBbS-G-o32878qI2OCwliwWaOQ2Eu8xwKw7vyE9E5pqyH4djQxHyDLDO3FbltQ3aGq7ia2XkwWqN3BdVmcoJJQSB4zf4SKRaoQP7Di3_xZhUEUzyPoRJC/s320/affiliate.jpg" width="320" /></a></div>
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THE MONEY IS IN COMMISSIONS!!!<br />
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Those that know me, know my background is in Financial Services. Some of the biggest gains that happened during the Major Mergers and Acquisition during the Financial Crisis, as outlined in "Too Big To Fail" by Andrew Sorkin, (<a href="http://astore.amazon.com/holmansworld0c/detail/B003XQEVUI"><b>Read The Book</b></a> or <a href="http://astore.amazon.com/holmansworld0c/detail/B0089DWJ9K"><b>Watch The Movie</b></a>) were those who orchestrated the deals and got big payments (commissions). Commissions rule across multiple industries and Affiliate Marketing is a key player.<br />
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According to an <a href="http://www.entrepreneur.com/article/201360"><b>Entrepreneur's article</b></a>, around two billion in Affiliate Marketing fees were paid in 2008, I have no doubt this amount has drastically increased.<br />
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The article deals with having <a href="http://shop.holman-business.com/hosting/web-hosting_4.aspx?ci=83725&prog_id=holmansworld2&pl_id=445195"><b>your own (preferably multi-page) </b></a>site and sending traffic to someone elses earning a percentage of commission.<br />
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Using these types of links was the subject of my blog over three years ago dealing iwth "<a href="http://affiliatesideas.blogspot.com/2012/08/linkshare-where-i-see-money.html"><b>Where I See The Money</b>.</a>"<br />
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So what forums or communities exist to help you learn???<br />
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<li style="background-color: white; box-sizing: border-box; font-family: proxima-nova, arial, sans-serif; line-height: 30px; margin: 0px 0px 12px 19px; padding: 0px 0px 0px 6px;"><b><a href="http://forums.digitalpoint.com/" style="box-sizing: border-box; color: #2093d2; outline: 0px; text-decoration: none;" target="_blank">Digital Point</a> </b></li>
<li style="background-color: white; box-sizing: border-box; font-family: proxima-nova, arial, sans-serif; line-height: 30px; margin: 0px 0px 12px 19px; padding: 0px 0px 0px 6px;"><b><a href="http://www.abestweb.com/" style="box-sizing: border-box; color: #2093d2; outline: 0px; text-decoration: none;" target="_blank">aBestWeb</a> </b></li>
<li style="background-color: white; box-sizing: border-box; font-family: proxima-nova, arial, sans-serif; line-height: 30px; margin: 0px 0px 12px 19px; padding: 0px 0px 0px 6px;"><b><a href="http://www.warriorforum.com/" style="box-sizing: border-box; color: #2093d2; outline: 0px; text-decoration: none;" target="_blank">Warrior Forum</a> </b></li>
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So who are the key Affiliate Networks??? Have a look see at some:<br />
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<li style="background-color: white; box-sizing: border-box; font-family: proxima-nova, arial, sans-serif; line-height: 30px; margin: 0px 0px 12px 19px; padding: 0px 0px 0px 6px;"><b><a href="http://www.clickbank.com/" style="box-sizing: border-box; color: #2093d2; outline: 0px; text-decoration: none;" target="_blank">Clickbank</a>, </b></li>
<li style="background-color: white; box-sizing: border-box; font-family: proxima-nova, arial, sans-serif; line-height: 30px; margin: 0px 0px 12px 19px; padding: 0px 0px 0px 6px;"><b><a href="http://www.cj.com/" style="box-sizing: border-box; color: #2093d2; outline: 0px; text-decoration: none;" target="_blank">Commission Junction</a> </b></li>
<li style="background-color: white; box-sizing: border-box; font-family: proxima-nova, arial, sans-serif; line-height: 30px; margin: 0px 0px 12px 19px; padding: 0px 0px 0px 6px;"><a href="https://www.google.com/adsense" style="box-sizing: border-box; color: #2093d2; outline: 0px; text-decoration: none;" target="_blank"><b>Google AdSense</b></a></li>
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<a data-mce-href="http://affiliatesideas.blogspot.com/2015/09/generate-traffic-sales-with-affiliate.html" href="http://affiliatesideas.blogspot.com/2015/09/generate-traffic-sales-with-affiliate.html" rel="nofollow" style="color: #8c68cb; cursor: pointer; font-family: Georgia, serif; line-height: 32px;" target="_blank" textform="false"><em style="cursor: pointer;"><strong style="cursor: pointer;">Our Web Reseller Program allowing Your To Work with the Major Affilate Networks</strong></em></a><br />
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For Books, Vidoe and more on Affiliate Marketing check our our <b><a href="http://affiliateideas.info/">Amazon Affiliate Store</a>.</b><br />
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For a Catalog of ClickBank Affiliate Programs updated daily check out our <b><a href="http://affiliateideas.net/">Affiliate Store</a>.</b><br />
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Whether Real Estate, Banking, Auto, Recruiting, etc., THE MONEY IS IN COMMISSIONS!!!<br />
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<b><i>And Now A Word From the ClickBank Business Educaion Partners on Growing Your Business:</i></b><br />
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<b><i>Our Affiliate Database Promo</i></b><br />
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Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-40000748867850129102015-09-15T16:19:00.001-04:002015-09-16T18:35:36.641-04:00Part 4: Wall Street Custody Middle Office – A Day In The Life Of A Custody A/C Officer (Read This One)<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;">So after stepping my feet just off the “J” Train at the Broad
Street Station for my first job on Wall Street in the Summary of 1981, thirty
five years later I figure I learned a thing or two. I miss the old days when
most of the securities were in physical form. I actually help Treasury Notes in
my hand. Held them together with a “T-Pin” and walked them with an armed guard
to the FED (Federal Reserve Bank). I’m
continuing my LinkedIn Pulse </span><a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman?trk=prof-post">first
segment in this series</a><span class="MsoHyperlink">, “A Day In The Life Of A
Custody A/C Officer”. <o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;">Back in the day, we received so may emails we tried to read them
all, but especially the ones who subject ended with “(Read This One). Out the
first three segments I’ve done so far in this LinkedIn Pulse series, Read This
One. Risk. More of concern post the financial crisis, then pre the financial
crisis. Just a week ago today, <a href="http://www.nytimes.com/2015/09/10/us/politics/new-justice-dept-rules-aimed-at-prosecuting-corporate-executives.html?emc=edit_dlbkam_20150910&nl=business&nlid=56732356&ref=dealbook&_r=0">The
New York Times Dealbook</a> reported on how not just Corporations are going to
be held to stricter standards but executives as well. You know how deals get
struck with corporations where they get charged lesser fines (though note the
less huge) for cooperating, now they only get those lesser fines if they also “give
up” the executives and employees who are responsible. So where we thought
settlements were huge in the millions nad billions, if there is no cooperation they
will be really huge. These can avoided (sometimes not altogether) by tighter
Risk controls. There are so many flavors of risk (Financial, Reputational,
etc.). One might have thought in the past, “Oh, it’s just a loss, the company
will take the loss.”. Now, it evident someone(s) will be held directly
accountable and as we have seen, some though not directly accountable will have
to “take one for the team”.<o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;">The onus then is on each individual to take their role as being
directly responsible to mitigate risk for the firm. Everyone should always be
thinking this way, but it’s becoming more evident there is no longer a choice.
As a custody account officer servicing Investment Managers, Financial
Institutions, etc. I worked with the mindset that the onus is on me to “get in
front” of potential risk events as follows:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">1.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">Checking
Cash Projects early in the morning to ensure that the account was properly
funded and ensure the client was aware<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">a.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">The client
could be reflecting a huge O/D at the end of the day. I need to know if they are
aware and are funding the projected O/D. If they say they have a large sale to
cover the O/D, I need to ensure that sale is matched. On Settlement day it
should be in a matched state. If not and it’s an issue with the Counter Party
(CP), then the client should be aware<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">2.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">Checking
Trade Settlement Fails for reasons, contacting the Counterparties, Initiating
Buy Ins if necessary to cover the Counterparty being short shares<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">3.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">Ensuring
Mutual Funds were moved by the required deadline for the day for proper funding
by settlement<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">a.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">Some funds
close very early and if funds are to be swept manually and the cut off is
missed those fund remain uninvested thus will not earn the fund interest which
may be very higher than the interest earned if any on idle cash.<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">4.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">Ensuring
Corporate Actions (Global & Domestic) were responded to on time, correctly
and the client was aware of their options and deadlines <o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 1.0in; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">a.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">The Client
could have elected to receive Cash on an Exchange Offer but instead the system
is showing Shares. It’s critical that the instructions given were exactly what
was acted on. It could be a major loss to the client, when trying to get cash
for those shares as the price could have changed dramatically.<o:p></o:p></span></div>
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<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: "Georgia",serif; font-size: 13.5pt; mso-bidi-font-family: Georgia; mso-fareast-font-family: Georgia;">5.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;"> </span></span><!--[endif]--><span style="font-family: "Georgia",serif; font-size: 13.5pt;">Checking
that Redemption/Income Payments are occurring correctly on Redemption date. <o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;">It’s important when it comes to “signing your signature” which
may be authorized up to a certain amount that you question. If you name is
going on it, you need to be sure you can explain what you signed. I’m sorry,
but “Just sign it!” doesn’t cut it in our business. You need backup
documentation to support what you are signing. <o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;">It’ s important also to not just “do the work” but understand
why you are doing it. You need to understand whatever instrument you are
dealing with it. I’ve seen situations where items were being labeled as TBA’s
(To Be Announced, just before they become Pools of Mortgages), that were not in
fact TBA’s. I found out that the persons doing the work had “always done it
that way for years”. Metrics were built around this process with Reporting
(Internal & External) and it was never questions. I secured the domain name <a href="http://tbasecurity.info/">http://tbasecurity.info/</a> and <a href="http://mbsecurity.info/">http://mbsecurity.info/</a> to provide some links relative to the TBA/MBS
Process as well as Books and Videos around the subject. <o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;">As an Operational Risk Technical Analyst, I’ve produced
reporting around Vendor Risk. It’s important to know the impact of the Vendors
being used to your firm. You need to be able to access where the impact is
High, Low or Medium. If mission critical applications are being run on Vendor
Systems that are High Risk, Risk Assessments need to be done quite often.
Questions need to asked ofr the Vendor to determine what they are doing to
mitigate risk. Preliminary Risk Assessments will be key to the health of any
business. <o:p></o:p></span></div>
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<span style="font-family: "Georgia",serif; font-size: 13.5pt;"> </span><strong><i><span style="border: none windowtext 1.0pt; color: #8c68cb; font-family: "inherit",serif; font-size: 13.5pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-border-alt: none windowtext 0in; padding: 0in;"><a href="http://app.expressemailmarketing.com/Survey.aspx?SFID=210907" target="_blank">Click Here For Our Mailing List</a></span></i></strong><o:p></o:p></div>
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<strong><i><a href="http://mikeholman.com/" target="_blank">Mike Holman</a></i></strong></div>
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<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/UzqkeprIoE8" width="420"></iframe>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-1758362273454512842015-09-08T15:12:00.003-04:002015-09-08T15:12:37.478-04:00Part 3: Wall Street Custody Middle Office – A Day In The Life Of A Custody A/C Officer<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjmEyds70MMZhSbD0ZLlEe4aLUpls4Fi64j6HCQARTT4gYhTnVG-LrxZ2WvNnoDJ6KtObzN_dAjHN0g4Wc1enHrCVb1z2EAtcu1AWaM2-_n2LiwlEdCeuxwhlUeiiloyg4bLEivsoL5BM/s1600/fx+bills.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjmEyds70MMZhSbD0ZLlEe4aLUpls4Fi64j6HCQARTT4gYhTnVG-LrxZ2WvNnoDJ6KtObzN_dAjHN0g4Wc1enHrCVb1z2EAtcu1AWaM2-_n2LiwlEdCeuxwhlUeiiloyg4bLEivsoL5BM/s1600/fx+bills.jpg" /></a></div>
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As noted in our <a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman-6044541109785415680?trk=prof-post">previous
segment</a>, we are continuing our segment, “Wall Street Custody Middle Office –
A Day In the Life of a Custody A/C Officer. In this segment we will cover
Foreign Exchange. As noted in my <a href="http://mikeholman.com/">online resume</a>,
I got my start in Foreign Exchange in the year 1991. For the next five years I
learned a lot about the Foreign Exchange Back Office and interacted with many
colleagues in the Middle Office, I would eventually began to work in in 1996
after transferring from FX Support to Investment Manager Services. As I write
this piece I am literally walking distance from that location where I got my
first glimpse of the FX Support Business at 101 Barclay Street, downtown, Manhattan,
NY. <o:p></o:p></div>
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I started out in the remittance area as an Assistance
Supervisor where a lot of retail FX deals take place. I later moved to
Confirmations area and the Multi-Agreement Processing (MAP) Unit where I was
Supervisor. These groups touched more on the Custody Middle Office Business
where I would later work as an Assistant Treasurer and Custody A/C Officer. In
these groups, as FX Deals (Spots, Forwards, Swaps, etc.) were done between
brokers, confirmations of these deals were also done via phone with the Counter
Parties where the Custodian did the FX and well as Swift Messages (MT300) being
sent. Confirmations were critical because due to an exchange rate discrepancy,
the recorded conversation between the confirming parties was the only real
proof used by the FX Investigations Unit. .
As any given point I could be on the phone with say a Middle Office
Administrator in the say the Mutual Funds Group, confirming an FX Done with the
Middle Office and the FX Trading Front Office for the Mutual fund client. It was often during the Confirmation Process
it was agreed on how the client’s funds would be charged for the US portion of
the FX. We had been inputting a code on the FX Details system page to indicate
we would process manual tickets to charge the client’s account. I realized that
by putting in an alternate code you could charge the client’s account directly
via the same System Detail page. The saved the department at least twenty
thousand dollars monthly in manual processing and also made the Custodian Bank’s
Newsletter as our team earned an award. Process
Improvement is so critical in our business!<o:p></o:p></div>
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The same Custody Clients I would later serve as a “Single
Point Of Contact” were doing massive FX Deals As a Custody client purchased a
security in which they had to pay in Egyptian Pounds (EGP), they needed an
Foreign Exchange deal to cover that trade. Often they would use their custodian
bank to do the Foreign Exchange (Buy EGP and Sell USD) and cover the security
purchase. We are covering the FX part of
the deal here but we did cover some parts of the Security deal and what to
watch for in our very <a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman?trk=prof-post">first
segment in this series</a>. <o:p></o:p></div>
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Of interesting note I found later in my Middle Office
activities (back in 2006) is that I found that Egypt had trades that settled
over the weekend. The challenge here was that many Custody systems only
reflected settlement dates on Business Week Days from Monday through Friday. So
while the FX Deal to cover the Egyptian Security Purchase settled on a Monday
(crediting the clients account the EGP), the Security may have settled on
Sunday (debiting the clients account the EGP). The client’s foreign currency statement
which keeps a running daily balance, might reflect an overdraft for Sundays’
Debit, not cleared until Monday. This may result in Debit Interest or Negative
Interest. The Sub Custodian (where the settlement of Securities and Cash
actually occur in the local market) might not reflect this on their books.
Adjustment may just need to be made on your Custodian’s System to correct the
debit interest such as a correcting FX deal (Cancel/Replace) to reflect the FX
settling Friday, instead of Monday.<o:p></o:p></div>
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As moved to the Middle Office, whet I learned in the both
the Securities and FX Back Office was critical. I knew what went into setting
up a Securities Trade as well as an FX Trade because I had done it. When in a
crunch for time, I could go right to the right people in the Back Office or
even the Front Office Traders because I already had established a relationship. Whether Internal or External Clients, it’s
all about The Relationship!<o:p></o:p></div>
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<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/UzqkeprIoE8" width="420"></iframe>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-28475035935488801312015-09-05T16:59:00.001-04:002015-09-05T16:59:13.590-04:00FX System Has Underground Traders Buzzing<a href="http://dstimulus.cpnfx.hop.clickbank.net/" target="_blank"><img alt="" src="http://www.captain-forex.com/aff/banners/728x90.gif" /></a>
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</b>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-16698130247092925292015-09-02T12:11:00.000-04:002015-09-02T22:24:49.314-04:00Wall Street Custody Middle Office – A Day In The Life Of A Custody A/C Officer (Part 2)<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiF6_VO5-GhOkynQHlKoIor2ydVrg18wrZ-KR2-FZOr-4LzBH4-2ZwLc38Ai7o_O2ffNljDj8YTBToGxl4KT-sKVOuLhvVFNngmHwyiWBFEpGjH02NRpQZHT4RssrCfbDSzUIv5kJC83I/s1600/Wall+St.+Bull.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiF6_VO5-GhOkynQHlKoIor2ydVrg18wrZ-KR2-FZOr-4LzBH4-2ZwLc38Ai7o_O2ffNljDj8YTBToGxl4KT-sKVOuLhvVFNngmHwyiWBFEpGjH02NRpQZHT4RssrCfbDSzUIv5kJC83I/s1600/Wall+St.+Bull.jpg" /></a></div>
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In my quest to cover “A Day In The Life…”, I present Part 2
in this series. The Overall them is
Client Service and is applicable not just to Custodian Banks Bank and Middle
Office, but many other Industries. As noted in my first LinkedIn Pulse Posting,
“<a href="https://www.linkedin.com/pulse/wall-street-30-years-later-mike-holman?trk=prof-post">Wall
Street, seen through the eyes of a Student</a>”, I’ve have the opportunity to
see “The Street” very early in my career, and I’m happy to share what I’ve
learned. <o:p></o:p></div>
<div class="MsoNormal">
In our <a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman">previous
segment</a>, we spoke about the monitoring of Trade activity and with primary
goal being to “get in front” of potential issues. As I thought about this
latest segments one of the things I want to cover is Relationships. I mentioned
at the end of the <a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman">previous
segment</a> dealing with locating missing funds for your client where the
Paying Agent insists they paid. So my
client, an Investment Manager, had one key question, “Where were the funds?” In
my situation, what was missing was an Income Payment in that should have been
made in cash. The amount was something like forty thousand dollars. I had to conduct a series of Conference Calls
with the Paying Agent Contacts (My firm actually happened to be the Paying
Agent in this case). Key to Client Relationship was continually keeping the
client in the loop. Letting the Client know that while I did not yet have a
final resolution, I was working on getting one. <o:p></o:p></div>
<div class="MsoNormal">
I learned that the Paying Agent paid this payment and all
income payments directly to a Central Depository, who in turn was to then
credit the various client accounts who were holders of this security. As
fortune would have it, I had contacts at the Central Depository having worked
there as well and also I kept the contact information of key individuals. I
went through the normal channels at the Central Depository who relayed the
information that they could not find any payment that was not paid. I then used
the Manager contacts I had at the Central Depository in hopes of getting more
clarity on what might have happened with the funds. Through these contacts I found out my client’s
funds were sitting in suspense account at the Central Depository unapplied. I
had the funds credited to delight of my client. I failed to mention that client
in the past on their own opened up their own investigation with our Paying
Agent contacts as well as the Central Depository using the regular channels
with no results. You want to cultivate your relationships (keeping names and
numbers) in your career as you never know when you might come full circle and
need assistance. Those relationships were critical in getting the results that
my client was not able to get. I also failed to mention that the client had
this issue as a long outstanding issue and I took on the whole relationship
after this issue had been outstanding for a while. <o:p></o:p></div>
<div class="MsoNormal">
I’ll repeat that it’s important to keep a Client
Relationship Management (CRM) database always on hand, which can be an address
book in its simplest form. If you regularly email your clients (Internal and
External) and sometimes there are both Individuals and Groups, you will want to
keep within your address book individual names as well as group names. In a global
environment you may have Individuals and Groups located in the U.S., Europe,
Asia, Latin America, South Africa, The Middle East, etc. Trying to remember group names for either
Internal or External Clients can be a challenge, having this info immediately
available in some email programs as soon as you start typing a name is
critical. You may have Counterparty Contacts that you often communicate with,
you may want to have a Group Name representing your contacts at that
Counterparty. Back in the early days we use to have something called, “The Red
Book”. This book contained all the key contacts “On The Street” or rather who
did business on Wall Street. The Red Book would have contacts for various
Departments. Even if the individual contacts changed, the central number listed
in The Red Book would often point you in the right direction. I like electronic
copies recorded in an address book, versus sticky notes and sheets of paper
whenever possible, ensuring that your data is backed up or archived. <o:p></o:p></div>
<div class="MsoNormal">
Let me also mention that getting the research done and
facilitating the conference calls often happened outside of the working hours
of nine to five. As mentioned in our <a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman">previous
segment</a>, it may seem crazy but a lot of what “gets done” in our business is
done outside of the hours of nine to five. When you have a group of clients
that you service, servicing them all and just dealing with the items settling
that day, can take up your nine to five. To “get things done”, you have to,
without question, put in time way before nine and way after five and maybe even
some weekends. <o:p></o:p></div>
<div class="MsoNormal">
I mentioned in my last segment in addition to dealing with
the client, you also will find yourself dealing with other groups. Some days
you will have to explain to the Accountant why a particular security was booked
the way it was booked. They may need characteristics to verify pricing info as
an example. Compliance Officers may want to question the details of a payment
to a beneficiary to a country on the “Blocked” list. You may be getting a request from an External
Auditor that needs an audited statement. These are the reports that have
already been validated by your Accounting Group. In addition to these groups,
you have may have various other emergency requests that come up. Investigations
alone can often take up a good portion of your day.<o:p></o:p></div>
<div class="MsoNormal">
Stay tuned for upcoming segments where we will also cover
Foreign Exchange as it relates to our topic with Securities, Cash, Negative and
Positive Interest. <o:p></o:p><br />
<br /></div>
<div class="MsoNormal">
Mike Holman<o:p></o:p></div>
<div class="separator" style="clear: both;">
</div>
<div class="MsoNormal">
<a href="http://mikeholman.com/">http://mikeholman.com/</a> <o:p></o:p><br />
<br />
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<br />Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-18335197002917743312015-09-01T18:39:00.002-04:002015-09-02T22:25:44.848-04:00Wall Street Custody Middle Office – A Day In The Life Of A Custody A/C Officer (Part 1)<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6PNuq4xStW2WSWA6tlEioUS0GRtrhRDUTXcEdugGucQ1brLlVrBePXnnpor1H8TDnKguXHcege-2HXievJw0BCDZahIc4sVkv5_MwVC8UsEhmy7YJ-xO-7lnSMXx80UYE4X3dNbpCD64/s1600/Wall+St.+Bull.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6PNuq4xStW2WSWA6tlEioUS0GRtrhRDUTXcEdugGucQ1brLlVrBePXnnpor1H8TDnKguXHcege-2HXievJw0BCDZahIc4sVkv5_MwVC8UsEhmy7YJ-xO-7lnSMXx80UYE4X3dNbpCD64/s1600/Wall+St.+Bull.jpg" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="MsoNormal">
Having worked in the Back Office and then in the Front
Office within the Custodian Space responsible for Domestic and Global Trades,
Cash, Income, Corporate Actions and more, I began to reflect on my experiences
and decided to start something of a “Day In the Life Of…” series surrounding
just “some” of the aspects of the Middle Office.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
As you prepare to start your day working for a Custodian
bank, it’s critical that you are mindful of the Financial Markets your clients
(in my case primarily Investment Managers) are dealing in. If your clients only
deal in Domestic Trading and you are in the U.S. then you know that most of
your trades will be settling in the U.S. If your clients do Global Trading your
trades can settle in various markets.<o:p></o:p></div>
<div class="MsoNormal">
Because of Global Settlement, while you are sleeping say in
the U.S. you may be having a trade issue in Asia. To combat this, remote access
to your email and even possibly your settlement system is critical. Often
trades have an indicator if they have been “PreMarched” based on the system
used by your firm and in some cases if trades are not Pre-Matched, you will be
able to tell exactly why “Pre-Matching” has not occured (i.e. Counterparty
Short, CounterParty know Different Amount, CounterParty has no instructions,
etc.) When you notice these “Pre-Matching” fail indicators early you can
closely monitor those trades. If you have certain Markets that have become
problematic, you can monitor trades in those markets. (Note if certain trades
consistently have issues in certain Markets, you may want to get your Network
Management Team involved or if that is you, you may want to yourself look into
the possibility of changing Sub Custodians. I think it’s very fortunate that
you are not always locked into one Sub Custodian, but may often have a choice. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
In dealing with Global Settlements, it’s good to check your
Trades due to settle soon are PreMatched if they should be before you leave for
the day, maybe later that evening and in the AM before you reach work. It may
seem a bit crazy but some markets, the earlier you detect issues the better.
You are the key contact your clients have to finding out what’s going on with
their Global Trades in their local markets (US, Europe, Asia, Latin America,
etc.). At the start of your day, your client’s key questions relate to what can
you tell them about the status of their trades. You need to be able to say if a
trade is failing, why and what is being done about it. You will rely on your
company counterparts in the local markets (settlement teams) for updates and
answers. <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
During this period it is critical that you have reporting in
place for yourself and your client so you can know that status of your trade
activity, cash activity (will your accounts be long or short at the end of the
settlement day), corporate actions, income, etc. Your reporting will help in
Dashboard building/Deep Dive Analysis to determine a number of things such as
consistency in trades failing done with certain counterparties or done in
certain markets, Cash Projections, Corporate Actions, etc.<o:p></o:p></div>
<div class="MsoNormal">
It can’t be overstressed that your client knows that they
are your key priority. They need to know
you are going to bat for them to ensure excellence in client service. If you
client is an Investment Manager, when they get new clients and need a
Custodian, guess who can be at the top of the list?<o:p></o:p></div>
<div class="MsoNormal">
When you’re looking for missing client income payments, the
paying agent insists they paid, but your client’s account never got paid,
Working with The Accountants, Auditors, Compliance and more in the upcoming
segments.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Mike Holman<o:p></o:p></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="MsoNormal">
<a href="http://mikeholman.com/">http://mikeholman.com/</a> <o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><i><a href="http://app.expressemailmarketing.com/Survey.aspx?SFID=210907" target="_blank">LINK TO OUR MAILING LIST</a></i></b></div>
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/UzqkeprIoE8" width="420"></iframe>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-6559107027381054012015-08-15T11:59:00.006-04:002015-08-15T11:59:55.180-04:00Free Business Communcations Arsenal for 2015-2016<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZPvxlwoE2w6zkuZ1kFZqjr6L9BnGXdwH50xlPR2Mw2-L04eWGJg2KUssLSj4BaD5LSdtm-aQjT2B7CQ81bkpaL6iqvIFlpx7e3CKbmy4CBolPQ00SmAvthKhDjDY_TW7_u8_FrH7PWTc/s1600/Holmans+World+Small+164+X+214.jpg"><img alt="" border="0" id="BLOGGER_PHOTO_ID_5554095418763113650" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZPvxlwoE2w6zkuZ1kFZqjr6L9BnGXdwH50xlPR2Mw2-L04eWGJg2KUssLSj4BaD5LSdtm-aQjT2B7CQ81bkpaL6iqvIFlpx7e3CKbmy4CBolPQ00SmAvthKhDjDY_TW7_u8_FrH7PWTc/s320/Holmans+World+Small+164+X+214.jpg" style="cursor: hand; cursor: pointer; float: left; height: 201px; margin: 0 10px 10px 0; width: 164px;" /></a><br />
<br />
<hr />
<br />
<br />
<br />
<em><strong>Amongst your Free Business Communcations Arsenal Packaging for 2015-2016 you must have at least the following two:<br /><br />
<br />1) A Free Service for using your computer to Receive and Make Phone Calls<br />2) A Free Service to have Conference calls with up to 96 People and be able to reoord and play them back.<br /><br />Two packages exist today and are expected to be free for 2015-2016. Beyond that we are uncertain of how "FREE" they will be. Whatever and I mean whatever your business is from "For Profit" to "Not For Profit" you need these two free services.<br /><br /><br />You need to be able to dial a number to Host the Conference Calls and you need to be able Host it for Free. Also those calling in need to be able to dial in for Free.<br /><br />Even with just the Free Dialing, this is an invaluable services in and of itself. No more waiting for unlimited nights and weekend or low long distances cost, try Free Long Distance costs!<br /><br />The services which you may have already heard of are as follows:<br /><br />1. <a href="https://www.google.com/voice">Google Voice</a> - To Make the Free Call to Host your Conference Calls<br />2. <a href="http://www.freeconferencecall.com/faq.asp">Free Conference Call dot com </a> - To Host or Participate in your Conferences.</strong></em><br />
<em><strong><br /></strong></em>
<em><strong>Trying to make sense of The Web!Domain Names, SEO and more??? Visit our FREE <a href="http://socialmediakit.info/" target="_blank">HELP CENTER HERE</a><br /><br />Enjoy and Make It Rain In 2014!!!<br />
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<br />
<object height="364" width="445"><param name="movie" value="http://www.youtube.com/v/cOZU7BOeQ58?fs=1&hl=en_US&rel=0&color1=0x234900&color2=0x4e9e00"></param>
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<br />
<object height="364" width="445"><param name="movie" value="http://www.youtube.com/v/3XkRAciU5aI?fs=1&hl=en_US&rel=0&color1=0x234900&color2=0x4e9e00"></param>
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<embed src="http://www.youtube.com/v/3XkRAciU5aI?fs=1&hl=en_US&rel=0&color1=0x234900&color2=0x4e9e00" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="445" height="364"></embed></object>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-9661433406200464412015-05-10T17:38:00.002-04:002015-05-10T17:38:38.718-04:00Pastors Sharon and Michael Holman - The Family Of God<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiifEC9Imu6gImZuqVrnIdR-6sp03VY_TEe54C22MKVbVHU5qUAoIKV5uzr_8RGtTDav8N9kI1YCjuiw6e7L_mfN62PW-rJmV3ZaZh4D0ZQBnrYXBsdfs2_4bRjg4TRMTTNBa9y1nhl2DS/s1600/The+Family+Of+God_.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiifEC9Imu6gImZuqVrnIdR-6sp03VY_TEe54C22MKVbVHU5qUAoIKV5uzr_8RGtTDav8N9kI1YCjuiw6e7L_mfN62PW-rJmV3ZaZh4D0ZQBnrYXBsdfs2_4bRjg4TRMTTNBa9y1nhl2DS/s1600/The+Family+Of+God_.jpg" /></a></div>
<strong></strong><br />
<strong></strong><br />
<strong>Pastor Michael Holman of <a href="http://facebook.com/wealthyplace" target="_blank">A Wealthy Place COGIC</a> Message: <a href="http://astore.amazon.com/holmansworld0c/detail/B00NVFUS8K" target="_blank">"The Family Of God" (also on Amazon.com)</a> - Powerful message which includes the testimony of a My Wife, A Strong Virtuous Woman Of God at Bethel Emmanuel Temple COGIC, Pastor/Supt/Director of Guyana Coalition Of Churches, Curtis Sexton Pastor and Founded by Mother/Prophetess and Pastor Sarah Hankins</strong><br />
<strong></strong><br />
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.blogger.com/video.g?token=AD6v5dxhUhZgQUfQLZutG3jTl2TZsXTpXjIIa_67SC32XcCtUEr04G-adZoOh0DXnYyNx0cF00G7JJvxRjMTZ1nwhQ' class='b-hbp-video b-uploaded' frameborder='0'></iframe></div>
Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-81649894883997749372015-03-15T20:02:00.002-04:002015-03-15T20:02:46.550-04:00Getting Your Presentation From The VGA Only Laptop To The Big HDMI Screen<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifoSrVgYOxJbSSQGr_-UgTfqASscUrbh9mPd7Fgg4vT1Ak2O2V8i9OTfihBnIuKi0Gy2N8QS5ZmJ5D_3Eg1Y_H-TFbXaOX0_bjmCHH6WXvw_2YXCl1O47e_9CN6bPA-nMzX_Ntj6ygMFr4/s1600/StarTech+VGA+HDMI.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifoSrVgYOxJbSSQGr_-UgTfqASscUrbh9mPd7Fgg4vT1Ak2O2V8i9OTfihBnIuKi0Gy2N8QS5ZmJ5D_3Eg1Y_H-TFbXaOX0_bjmCHH6WXvw_2YXCl1O47e_9CN6bPA-nMzX_Ntj6ygMFr4/s1600/StarTech+VGA+HDMI.jpg" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
I needed to project what was on my small laptop screen on to my Bigger Desktop Screen. The Problem was that the Laptop only has VGA and the Desktop only has HDMI.<br />
<br />
The Solutions? A <a href="http://astore.amazon.com/holmansworld0c/detail/B001LRKB78" target="_blank"><b>VGA to HDMI Upscaler with Audio. The Company StarTech</b></a> produces just the item.<br />
<br />
I only found out that a item like this existed when I worked as a Desktop Support Administrator for a Company that rented out Conference Room Space. Quite often customers would come in with VGA only Laptops and needed to Project on the Huge Flat Screen on the Conference Room Wall whicAh only had HDMI. <a href="http://astore.amazon.com/holmansworld0c/detail/B001LRKB78" target="_blank"><b>The VGA HDMI Upcaler with Audio was the solution</b></a>!<br />
<br />
It was just good to know that when I needed Large Projections from any Laptop to an HDMI only enabled screen, <b><a href="http://startech.com%20vga2hdmipro%20professional%20vga%20to%20hdmi%20audio%20video%20converter%20with%20scaler/" target="_blank">The VGA HDMI Upscaler with Audio</a> </b>was a perfect solution.<br />
<br />
It is important to note that where a smaller devices that have an VGA connection and a HDMI connection, BUT they do not project from your VGA Laptop to an HDMI Screen. It's important that you get a Upscaler from VGA to HDMI and that AUDIO is projected. This critical.<br />
<br />
You can be presenting at a Conference or Meeting and need to project (with or without audio) what is on your Laptop to a Big Screen and wondering how to get this done. This may very well be the solution you need.<br />
<br />
If you Laptop already has an HDMI port you are set without using the Upscaler in most cases, but if you only have a VGA connection, a <a href="http://startech.com%20vga2hdmipro%20professional%20vga%20to%20hdmi%20audio%20video%20converter%20with%20scaler/" target="_blank"><b>VGA to HDMI Upscaler with Audio</b></a> might be needed.<br />
<br />
Enjoy!<br />
<br />
<b>Below is a Video Review of the Product:</b><br />
<b><br /></b>
<b><br /></b>
<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/pJPitZh3HKA?rel=0" width="560"></iframe>
Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-64020044000256279982015-02-20T04:19:00.002-05:002015-02-20T12:38:25.190-05:00Playing around in the Facebook Sandbox<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGAyJDZCrTalCBYmqugKvHds2Tx1hbLr65TLPqsbd-ia3JrhWkt4z-YmwhZN5H9wJQ23xYmF8RH_hhU0ZJTHlEr22uXPGXy_jCGEBmQF3f3aVAL6u0nenIXS3E9a3YLOJkq1iCvqhZZXY/s1600/Support+Banner+800+X+150.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGAyJDZCrTalCBYmqugKvHds2Tx1hbLr65TLPqsbd-ia3JrhWkt4z-YmwhZN5H9wJQ23xYmF8RH_hhU0ZJTHlEr22uXPGXy_jCGEBmQF3f3aVAL6u0nenIXS3E9a3YLOJkq1iCvqhZZXY/s400/Support+Banner+800+X+150.jpg" height="260" width="400" /></a></div>
<title>Powerful Facebook Apps For your</title>
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<b><span class="style1">I'd figure I would sum up all of the App's I've developed in the <a href="http://developer.facebook.com/">Facebook Developer's Sandbox</a> which include Powerful Facebook Apps! </span></b><br />
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<b>The first order of Developement on Facebook is building on Secure Pages or if <a href="http://shop.holman-business.com/hosting/website-builder2.aspx?ci=84176&prog_id=holmansworld2&pl_id=445195" target="_blank">Building your own Website </a>securing it with <a href="http://shop.holman-business.com/ssl/ssl-certificate.aspx?ci=1789&prog_id=holmansworld2" target="_blank">SSL (Secure Socket Layers) </a>(the little pad lock in the upper left just before your web address followed by "https". </b><br />
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<b><span class="style1">Look for our Logo Favicon (Hands holding the Whole World)</span></b><br />
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<b><span class="style1">Click on Links below:</span><br class="style1" />
<br /><a href="https://apps.facebook.com/yourwebservices" target="_blank">Review our Web Services </a>(Websites, Domain Names, Email Marketing, SEO, SSL & More) directly on Facebook.</b><br />
<b><br class="style1" /><span class="style1"><a href="https://apps.facebook.com/yourvirtualtraining" target="_blank">Review an Awesome Technology Training</a> Database with over
23,000 FREE Course directly on Facebook.(Search in Top Far Right for your course. Any with a link is Free to View)</span></b><b><br class="style1" /></b><b><br class="style1" />
<span class="style1"><a href="https://apps.facebook.com/jobsholmansworld" target="_blank">Review our Awesome Web Reseller Services</a> where y</span></b><span style="background-color: white; color: #141823; font-family: Helvetica, Arial, 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 14px; line-height: 15.4559993743896px;"><b>ou are in control of retail pricing and customization of your site, d</b></span><b><span class="style1">irectly on Facebook.</span></b><br />
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<span class="style1"><a href="https://apps.facebook.com/affiliateideas" target="_blank">Review our Amazon Store on Affiliate Marketing </a> with Hard Cover Books, Kindle Books, On Demand Video and DVD's directly on
Facebook.</span></b><br />
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<b><a href="https://apps.facebook.com/holmanecommerce" target="_blank">Review our Amazon Store onr General Products (including our own)</a> across numerous categories on Facebook.</b><br />
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<b><span class="style1"><a href="https://apps.facebook.com/iaffiliatestore" target="_blank">Lastly, Review our Own Ministry Products</a> (iTunes, Amazon and own Mobile App) viewable on Facebook.</span></b><br />
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<b>As already mentioned, within Facebook some links within pages you may need to right mouse click and open in a new tab or window as every page such as <a href="http://www.amazon.com/Michael-Holman/e/B007Y7Z0R0" target="_blank">My Amazon Authors Page</a>, is not eCommerce Driven and thus an SSL Certificate is not needed. </b><br />
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<b>YouTube Video Playlist From Facebook Developers:</b><br />
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<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/ai_bvaurF7g?list=PLb0IAmt7-GS188xDYE-u1ShQmFFGbrk0v" width="560"></iframe>
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<span class="style1" style="font-weight: bold;">Enjoy!!!</span>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-76027879050962666082015-02-14T20:35:00.001-05:002015-02-14T20:35:53.243-05:00Maximizing LinkedIn - The Business Network<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghNYCXH9d43N7A8JwcRD4HZJUPROj6IuZ_LjRS33HzmJxr-6KlWaB-ce4fH2X9jgdKMT6WgHE8dx36xDlrpAgmdlitNUeKgnvpdeB9D28vfds6FAXBoY0_X0QtVF4qv65n6harvLBC_6Uo/s1600/linkedin.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghNYCXH9d43N7A8JwcRD4HZJUPROj6IuZ_LjRS33HzmJxr-6KlWaB-ce4fH2X9jgdKMT6WgHE8dx36xDlrpAgmdlitNUeKgnvpdeB9D28vfds6FAXBoY0_X0QtVF4qv65n6harvLBC_6Uo/s400/linkedin.png" height="139" width="400" /></a></div>
<iframe allowfullscreen="" frameborder="0" height="364" src="http://www.youtube.com/embed/Hi96AxqG7oU?rel=0" width="445"></iframe>
<b>Another Top Program Added to our Best Sellers. Excellent Video Intro from a person who has spent years using the Professional Site LinkedIn and offers some interesting Stats and a program on maximizing it to the fullest
Pick Up This awesome product at <a href="http://www.linkedinfluence.com/?hop=dstimulus">here</a>
It's one of the Top Ten Best Sellers in our Ideas Database on Facebook at:
<a href="https://www.facebook.com/affiliateideas">
https://www.facebook.com/affiliateideas</a>
LIKE US and click Go To App</b>
<iframe allowfullscreen="" frameborder="0" height="364" src="http://www.youtube.com/embed/xpzQ-bUFEvA?rel=0" width="445"></iframe>Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-39225036959154408712015-02-08T03:39:00.003-05:002015-02-08T03:52:51.061-05:00Your Contacts<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9urMNKIGiJ8ZuhJ9JCZXbHxn_VfGdiuaOPH9ioNRBwBbwDuJfuDtAbwOO7IVtWYdsmT_-pgBBwfsaBK20vyJkCWpHcQQ0QbazAlSFV5rJ2Zc-8b7G5pXHYodijNY8NFM1I_EvsV8g9ik/s1600/contacts.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9urMNKIGiJ8ZuhJ9JCZXbHxn_VfGdiuaOPH9ioNRBwBbwDuJfuDtAbwOO7IVtWYdsmT_-pgBBwfsaBK20vyJkCWpHcQQ0QbazAlSFV5rJ2Zc-8b7G5pXHYodijNY8NFM1I_EvsV8g9ik/s1600/contacts.png" /></a></div>
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Your contacts are crucial. Gather up all of your business card and put them in a Contact Database such as where you receive your email. Make sure this program allows you to export them whenever you need to.<br />
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Remember the days of the Palm Pilot? I started out then collecting. I moved those contacts to my then Blackberry service and onto other services I used.<br />
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There are some programs like, Google's Gmail that will automatically add contacts you communicate with via email. When these same contacts are added to programs such as MS Outlook and GMail or Social Media sites like LinkedIn, you will also see pictures when available of your contacts.<br />
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Some programs will even let you group contacts together so you can have a Group of Friends vs Business Associates within your Contact list. If you are using Google, this contact list with work well with their Google Voice Program as well allowing you to even have specific Voicemail Greetings for certain contacts.<br />
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If you are not digitizing those business cards or even capturing your contacts, start today!<br />
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For an example of Contact Management with Gmail see the below video:<br />
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<iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/VHEbx0b6tWE?rel=0" width="420"></iframe>
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<br />Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-60146227365588629002015-01-07T15:19:00.000-05:002016-01-08T20:44:33.457-05:00Bank Custody - The Sub Custodian Network<div class="separator" style="clear: both; text-align: left;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH5y9ClzHONizSacRKCKZVtlOEf_iDbJgdWFW6uJV7TJNaYQV1ils2TPZXjhVdqyBGWFqsBP0vjiiKFoq4CCoaMvK7RLgaFOIZ5oBKBf_qpvqGMpM0QIep5mKqGqrhUz9_CqSu74HWNlzo/s1600/Holmans+World+GIF.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH5y9ClzHONizSacRKCKZVtlOEf_iDbJgdWFW6uJV7TJNaYQV1ils2TPZXjhVdqyBGWFqsBP0vjiiKFoq4CCoaMvK7RLgaFOIZ5oBKBf_qpvqGMpM0QIep5mKqGqrhUz9_CqSu74HWNlzo/s1600/Holmans+World+GIF.gif" width="162" /> </a></div>
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Within the Global Bank Custody space is a key component, The <a href="http://astore.amazon.com/holmansworld0c/detail/0750654848" target="_blank">Sub Custodian Network</a>. As a Global Custodian, you can have the best systems and best people to manage the client space but if your Sub Custodian Network is weak, this can cripple your business.</div>
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The settlement of securities and cash is heavily dependent on your Sub Custodian Network. These are the contacts overseas that ensure that your Cash and Securities settle on time.</div>
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You may find that all of your trades (cash and securities) are failing in a foreign market. It may be a time to ensure that your Network Management team is evaluating the service being provided by your Sub Custodian Network overseas. The scorecard show continually low marks, it may be time to change your Sub Custodian. Another Sub Custodian may be settling securities and cash in a more timely manner than the Sub Custodian you are currently using.</div>
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Why is this important? You Custody Clients. If your client does not have an Investment Manager, they may decide to move the business to another Custodian. If your client does have an Investment Manager they may have the Manager move the business to another Custodian.</div>
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Again, you can have best systems and people, but your trades are failing in one market and no steps are being taking at the Network Management Level, you can lose the business. The clients may not be satisfied with, "Settlement is slow in that market", particularly if they have an Investment Manager and find that other custodians are settling their trades in that market on time using a different Sub Custodian. Your task at the Custodian Level is the make the steps if necessary to change the Sub Custodian and communicate the change to the client before the issue reaches a level that causes the client to move the business away from you.</div>
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There can be caste strophic issue with a constant failing Sub Custodian in a particular market. Quite often your clients depend on the proceeds of a Sale of a foreign security to fund a potential overdrawn currency balance. If the sale fails, the currency account never get funded unless it's a contractual account that funds the proceeds whether or not the sale settles. Even in this case you may have to claim the interest earned in the foreign currency back from the client as "undue enrichment" if the failing trade was due to the client and not the sub custodian. These scenarios may happen in any event, but why not make sure your Sub Custodian Network is strong to eliminate that ever being a question?</div>
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Have a Strong Sub Custodian Network with a Network Management team rating the timeliness of settlement along with communicating changes to Settlement Instructions is critical to the custody business.</div>
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<a href="https://www.linkedin.com/pulse/wall-street-custody-middle-office-day-life-ac-officer-mike-holman" target="_blank">For More Follow My LinkedIn Pulse Series on Custody...A Day In The Life</a></div>
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By Mike Holman</div>
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<a href="http://www.mikeholman.com/">http://www.mikeholman.com/</a> </div>
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<br />Anonymoushttp://www.blogger.com/profile/02042049455830726543noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-86360729329860170262015-01-02T18:57:00.001-05:002015-01-02T19:07:03.308-05:00Mike Holman Career Video PromoHolman Career Video Promo: <a href="http://youtu.be/xw26iqr9rB0">http://youtu.be/xw26iqr9rB0</a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiV_KtgFxMdlPiw-s8QrbeAW4GJgAjW4LbGJ2l70si2OvRo-Y8AwNtjEfj6ebY6OLuUTa2wvDlcWHRLK9tgdq33oFX_zv-LCEaJRXXfBhxvmFtf9vmBcZ6YbjMY_L-juXTOVaBsNXUKi8I/s1600/IMG_1842092005498.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"> <img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiV_KtgFxMdlPiw-s8QrbeAW4GJgAjW4LbGJ2l70si2OvRo-Y8AwNtjEfj6ebY6OLuUTa2wvDlcWHRLK9tgdq33oFX_zv-LCEaJRXXfBhxvmFtf9vmBcZ6YbjMY_L-juXTOVaBsNXUKi8I/s640/IMG_1842092005498.jpeg" /> </a> </div>
Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0tag:blogger.com,1999:blog-1625713267924554774.post-29542332266216211002014-12-19T23:45:00.002-05:002014-12-19T23:47:01.017-05:00Holman's World Partners With A Wealthy Place<div dir="ltr">
Press Release Holman's World partners with A Wealthy Place COGIC </div>
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<a href="http://www.christiannewswire.com/news/1985175263.html">http://www.christiannewswire.com/news/1985175263.html </a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhy5WezsZCFoBiQ91WRkWVgl4GLQ04wZYCqGYBkCBOt37zHELr-79fp5qLX6OhdYAP1S-GJyNu_6AsXulnwrHlkKUo42DEa_V-hdPgMt6ZQgFiMylQSRJig3xlYyxBOYG2Y-aM5M5NYlo4/s1600/IMG_1842092005498.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhy5WezsZCFoBiQ91WRkWVgl4GLQ04wZYCqGYBkCBOt37zHELr-79fp5qLX6OhdYAP1S-GJyNu_6AsXulnwrHlkKUo42DEa_V-hdPgMt6ZQgFiMylQSRJig3xlYyxBOYG2Y-aM5M5NYlo4/s640/IMG_1842092005498.jpeg" /></a></div>
Mike Holmanhttp://www.blogger.com/profile/00837962199315671977noreply@blogger.com0