What type of services do banks offer to the customers

Reference no: EM132302969

Banking and Financial Products and Services

Report Task - Presentation Choose a company AXA GULF INSURANCE

Learning Outcomes

On successful completion of this assignment, students should be able to:

• Examine the working of the financial system including financial institutions and financial instruments present today.
• Evaluate the role and importance of the capital market, money market, new issue market and the stock market to source funds and manage risk.
• Apply the concepts of present value, future value, compounding discounting, annuities etc which are essential to understand how financial instruments are priced and how they operate.
• Distinguish between the various bank and non-bank deposit and loan products for managing business and make calculations related to bank and non-bank deposit, loan and investment products.

PORTFOLIO: 1

Banks are an integral part of the Oman's economy. Using the services offered by financial institutions depends upon the requirements and choice of the customers. In this scenario you are asked to investigate the need for basic banking practices by capturing following points.
1. Identify the different kinds of banks and financial institutions functioning in Oman.
2. What type of services do banks offer to the customers? Highlight the financial services that you need as a college student.
3. Critically evaluate the costs and benefits associated with opening a bank account?

Guidelines:
1. Not less than 1000 - 1200 words

PORTFOLIO: 2
Apply your understanding about the present value and future value of annuities and prepare TWO Loan EMI (EMI = Equated Monthly Installments) payment schedules based on the following instructions,
1. Loan Summary and schedule of Short term loan
2. Loan Summary and schedule of Long term loan

Guidelines:
1. Suggested Short term Loan period is 1 year to 3 years
2. Suggested Long term Loan period is 7 years and above
3. Each loan summary should not be more than 150 words (Total max. words 300)
a. What type of loan is chosen?
b. Why it is chosen?
c. Interest rate, number of years (loan period) and loan amount to be assumed and clearly stated
d. Starting date and ending date of the loan period is to be mentioned
4. The payment schedule should cover the following,
a. Serial No.
b. Date (period)
c. EMI amount (EMI = Equated Monthly Installments)
d. Principal component of the EMI
e. Interest component of the EMI
f. Interest paid - to date
g. Principal paid - to date
h. Principal balance
5. To be submitted only through MOODLE
6. Submission by week 10

PORTFOLIO: 3 Field Visit:
You are requested to choose ONE financial institution operating in Oman and critically evaluate the operations of the chosen institution. You are expected to VISIT the chosen financial institution on your own and complete the tasks outlined below. The chosen institution has to be approved by the Module Instructor. It is suggested that your VISIT to the chosen financial institution may comprise of but not limited to spending quality time in the institution to observe the operations and interacting with the stakeholders formally and informally.

Your report must be underpinned with academic material from journals and books and referenced appropriately.

Outline for the preparation of report and presentation:
a. Discuss about the institution (5 marks): The discussion to include the following,
i. Origin and major milestones of the institution
ii. Key personnel
iii. Current status in the Financial Market (No. of branches, revenue generated, profit achieved, no. of employees, competitors etc...)
b. Evaluate the Products and/or Services (20 marks):
Choose Three of the products and/or services offered by the institution
i. Analyze the features of chosen products and/or services
ii. Evaluate the processes, procedures and documentation involved of the chosen products and/or services
iii. Samples of application forms, brochures, handbills etc... about the chosen products and/or services

Task 1 - Report
Guidelines:
a. Report should contain all the points from the above mentioned outline
b. Not less than 1200 - 1500 words
c. To be submitted only through MOODLE
d. Submission by week 12

Task 2 - Presentation

Guidelines:
a. PPT should capture all the points from the above mentioned outline.
b. Evidences of your visit to the chosen financial institution and proof of interaction with the stakeholders of the institution like photos, Questionnaires used for interviews or interactions etc. Proof of visit should be presented as part of the presentation.
c. Hard copies of samples of application forms, brochures, handbills etc... about the chosen products and/or services collected during the visit to be submitted at the time of presentation.
d. PPT should be uploaded in the moodle prior to the presentation.

Reference no: EM132302969

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Reviews

len2302969

5/10/2019 3:36:25 AM

a. Discussion about the chosen institution: i. Origin and major milestones of the institution ii. Key personnel iii. Current status in the Financial Market (No. of branches, revenue generated, profit achieved, no. of employees, competitors etc…) Excellent discussion covering origin and major milestones of the institution, key personnel of the institution and the institution’s current status in the financial market. a. Evaluate the Products and/or Services (Choose Three of the products Very clear identification of three products

len2302969

5/10/2019 3:36:17 AM

1. Loan Summary and schedule Loan summary and Loan summary and of Short term loan loan schedule loan schedule covers all aspects. covers most Outstanding aspects. Clear application of application of numeracy skills and numeracy skills and excellent ability to ability to apply the apply the tools. tools. 2. Loan Summary and schedule of Long term loan

len2302969

5/10/2019 3:36:09 AM

3. Critically evaluate the cost and benefits associated with opening a bank account? Excellent Analysis and evaluation of the cost and benefits associated with opening a bank account with demonstration of independent and original thought. Very clear explanation of the cost and benefits associated with opening a bank account with clear evidence of independent thought.

len2302969

5/10/2019 3:35:59 AM

2. What type of services do banks offer to the customers? Highlight the financial services that you need as a college student. Excellent evaluation of the services offered by banks. Need of financial services for students is explained with demonstration of Very clear evaluation of the services offered by banks. Need of financial services for students is explained with independent Acceptable evaluation of the services offered by banks. Financial services for students are explained with some evidence of Adequate evaluation of the services offered by banks. Financial services for students are explained. Made an attempt to evaluate the services offered by banks and Financial services used by the students. independent and original thought. thought. understanding the concept. explained

len2302969

5/10/2019 3:35:49 AM

Criteria/Grade For a mark of >70% Portfolio 1: Types of Banks & Services 1. Identify the different kinds of banks and financial institutions functioning in Oman. Excellent discussion on the on various kinds of banks, capturing the major financial institutions and their functions in Oman are explained with excellent clarity.

len2302969

5/10/2019 3:35:34 AM

Portfolio 3: Field Visit – Task 1 – report: 25 marks Week 12 Discuss about the institution 5 Evaluate the Products and/or Services 20 Portfolio 3: Field Visit – Task 2 – presentation: 25 marks Week 13 Communication skills, Clarity in presentation and design and neatness of PPT 10 Questions & Answers 10 Evidences 5 Total 100 marks

len2302969

5/10/2019 3:35:27 AM

Contents Marks Portfolio 1: Types of Banks & Services – 30 marks Identify the different types of banks and financial institutions functioning in Oman 10 What type of services do banks offer to the customers? Highlight the financial services that you need as a college student. 10 Evaluate the cost and benefits associated with opening a bank account? 10 Portfolio 2: Loan Schedule – 20 marks Loan Summary and Schedule of short term loan 10 Loan Summary and Schedule of long term loan 10

len2302969

5/10/2019 3:35:19 AM

d. PPT should be uploaded in the moodle prior to the presentation. e. Duration: set up 2 mins; presentation 12 mins; questions 5 mins & wind up 1 min f. Presentation will be scheduled during the class timings of Week 13 g. Evaluation criteria: Criteria Marks Communication skills, Clarity in presentation and design and neatness of PPT 10 Questions & Answers 10 Evidences 5 Total 25

len2302969

5/10/2019 3:34:59 AM

Instructions for the students: • This is an assignment to be completed by each student individually. • The portfolio consists of 3 compulsory portfolios. • The report should have table of contents and appropriate references using Harvard style of referencing and in-text citations are mandatory. • The report should be done in Word, font style Times New Roman, font size 12 and text color black. • Submission should be through Turnitin and is subject to plagiarism and late submission policies of the college (Refer Student Manual)

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