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Tagged: MCLR
NTH :: Home loan: Is this right time to go for it, as banks may raise rates?
IDBI Bank has already increased its one-year MCLR rate to 8,65 percent, making its loans more expensive for customers. The bank has also increased its two-year and three-year MCLR rate to 8.7 percent and 8.8 percent, respectively
By ZeeBiz WebTeam | Updated: Mon, May 14, 2018 06:12 pm | ZeeBiz WebDesk
If you are thinking of taking a home loan then you must do it as early as possible, as banks are likely to increase their interest rates in near future. IDBI Bank has already increased its one-year MCLR rate to 8,65 percent, making its loans more expensive for customers. The bank has also increased its two-year and three-year MCLR rate to 8.7 percent and 8.8 percent, respectively. This rate has been made effective from May 12. The bank has increased MCLR in the range between 0.5 bps and 0.10 bps.
This is the base rate at which banks provide loans to its customers. If banks get cheaper loans then they also lend at cheaper rates to their customers and vis-a-vis. An increase in the MCLR means, your loans will come at a higher rate, and you will have to shell out more for auto loans, home loans, personal loans or any other loans.
The country's largest lender State Bank of India (SBI) recently increased its home loan rate for up to Rs 30 lakh from 8.35 percent to 8.65 percent. Allahabad Bank is also providing the home loan amount up to 30 lakh at 8.35 percent.
Other banks including Axis Bank and Bank of India are giving home loans up to Rs 30 lakhs at 8.4 percent, according to Bank Bazaar. For home loans between Rs 30 lakh and 75 lakh, Allahabad Bank, Dena Bank and SBI are charging 8.35 percent. These banks are also charging the same rate for loans over Rs 75 lakhs, according to the financial services company website.
ICICI Bank, however, is charging between 8.75 and 8.95 per cent for loans over Rs 75 lakh, while HDFC Bank is providing loans at 8.6 percent for the amount exceeding Rs 75 lakh. As the banks are increasing their loan rates, this is the right time to go for home loan.
Source: https://bit.ly/2wPUABq
NTH :: Have a CIBIL score of 760? Bank of India offers home loans at cheaper rates to customers with good credit score
Bank of India will offer preferential pricing rates to borrowers with good credit scores for home loans of Rs 30 lakh and above, the state-run lender said.
By: PTI | New Delhi | Published: May 7, 2018 7:35 PM | Financial Express
Bank of India will offer preferential pricing rates to borrowers with good credit scores for home loans of Rs 30 lakh and above, the state-run lender said. Customers with CIBIL score of 760 and above will be offered loan at the minimum home loan interest rate or the marginal cost of lending rate (MCLR) for an year, the bank said in a statement. MCLR is the minimum interest rate of a bank below which it cannot lend. Those with a score of 759 and less, the rate of interest for loans of Rs 30 lakh and above will come at MCLR plus 0.10 basis points for a year.
One basis points is 100th of a percentage point. Bank of India said borrowers availing home loans of over Rs 30 lakh will be benefited from the reduced rate of interest. A consumer's CIBIL score is a three-digit numeric summary of the credit information report (CIR) — summarising the past credit behaviour and repayment history — and ranges from 300 to 900.
The higher the score, the better are the chances of loan approval. Most banks check a consumer's CIBIL score and report before approving a loan. "Consumers with a good credit discipline should be rewarded, as it helps propagate the importance and need to maintain a good financial history. Our preferential pricing model aims to reward high-scoring home-loan aspirants with competitive ROI, thereby helping them making their dream home a reality," Bank of India said in a statement.
Credit information company TransUnion CIBIL's Head of Direct to Consumers Interactive Hrushikesh Mehta said: "Bank of India's CIBIL score-based incentive helps further highlight the need to monitor and build a positive credit profile through good credit habits."
Source: https://bit.ly/2jES8Eg
ATM :: 7 home loan repayment options to choose from
By Sunil Dhawan | ET Online | Updated: May 05, 2018, 12.32 PM IST | Economic Times
Buying that dream home can be rather tedious process that involves a lot of research and running around.
First of all you will have to visit several builders across various locations around the city to zero in on a house you want to buy. After that comes the time to finance the purchase of your house, for which you will most probably borrow a portion of the total cost from a lender like a bank or a home finance company.
However, scouting for a home loan is generally not a well thought-out process and most of us will typically consider the home loan interest rate, processing fees, and the documentary trail that will get us the required financing with minimum effort. There is one more important factor you should consider while taking a home loan and that is the type of loan. There are different options that come with various repayment options.
Other than the plain vanilla home loan scheme, here are a few other repayment options you can consider.
I. Home loan with delayed start of EMI payments
Banks like the State Bank of India (SBI) offer this option to its home loan borrowers where the payment of equated monthly instalments (EMIs) begins at a later date. SBI's Flexipay home loan comes with an option to go for a moratorium period (time during the loan term when the borrower is not required to make any repayment) of anywhere between 36 months and 60 months during which the borrower need not pay any EMI but only the pre-EMI interest is to be paid. Once the moratorium period ends, the EMI begins and will be increased during the subsequent years at a pre- agreed rate.
Compared to a normal home loan, in this loan one can also get a higher loan amount of up to 20 percent. This kind of loan is available only to salaried and working professionals aged between 21 years and 45 years.
Watch outs: Although initially the burden is lower, servicing an increasing EMI in the later years, especially during middle age or nearing retirement, requires a highly secure job along with decent annual increments. Therefore, you should carefully opt for such a repayment option only if there's a need as the major portion of the EMI in the initial years represents the interest.
II. Home loan by linking idle savings in bank account
Few home loan offers such as SBI Maxgain, ICICI Bank's home loan 'Overdraft Facility' and IDBI Bank's 'Home Loan Interest Saver' allows you to link your home loan account with your current account that is opened along with. The interest liability of your home loan comes down to the extent of surplus funds parked in the current account. You will be allowed to withdraw or deposit funds from the current account as and when required. The interest rate on the home loan will be calculated on the outstanding balance of loan minus balance in the current account.
For example, on a Rs 50 lakh loan at 8.5 percent interest rate for 20 years, with a monthly take home income of say Rs 1.5 lakh, the total interest outgo for a plain vanilla loan is about Rs 54,13,875. Whereas, for a loan linked to your bank account, it will be about Rs 52,61,242, translating into a savings of about Rs 1.53 lakh during the tenure of the loan.
Watch outs: Although the interest burden gets reduced considerably, banks will ask you to pay that extra interest rate for such loans, which translates into higher EMIs.
III. Home loan with increasing EMIs
If one is looking for a home loan in which the EMI keeps increasing after the initial few years, then you can consider something like the Housing Development Finance Corporation's (HDFC) Step Up Repayment Facility (SURF) or ICICI Bank's Step Up Home Loans.
In such loans, you can avail a higher loan amount and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income. There is no moratorium period in this loan and the actual EMI begins from the first day. Paying increasing EMI helps in reducing the interest burden as the loan gets closed earlier.
Watch outs: The repayment schedule is linked to the expected growth in one's income. If the salary increase falters in the years ahead, the repayment may become difficult.
IV. Home loan with decreasing EMIs
HDFC's Flexible Loan Installments Plan (FLIP) is one such plan in which the loan is structured in a way that the EMI is higher during the initial years and subsequently decreases in the later years.
Watch outs: Interest portion in EMI is as it is higher in the initial years. Higher EMI means more interest outgo in the initial years. Have a prepayment plan ready to clear the loan as early as possible once the EMI starts decreasing.
V. Home loan with lump sum payment in under-construction property
If you purchase an under construction property, you are generally required to service only the interest on the loan amount drawn till the final disbursement and pay the EMIs thereafter. In case you wish to start principal repayment immediately, you can opt to start paying EMIs on the cumulative amounts disbursed. The amount paid will be first adjusted for interest and the balance will go towards principal repayment. HDFC's Tranche Based EMI plan is one such offering.
For example, on a Rs 50 lakh loan, if the EMI is xx, by starting to pay the EMI, the total outstanding will stand reduced to about Rs 36 lakh by the time the property gets completed after 36 months. The new EMI will be lower than what you had paid over previous 36 months.
Watch outs: There is no tax benefit on principal paid during the construction period. However, interest paid gets the tax benefit post occupancy of the home.
VI. Home loan with longer repayment tenure
ICICI Bank's home loan product called 'Extraa Home Loans' allows borrowers to enhance their loan eligibility amount up to 20 per cent and also provide an option to extend the repayment period up to 67 years of age (as against normal retirement age) and are for loans up to Rs 75 lakh.
These are the three variants of 'Extraa'.
a) For middle aged, salaried customers: This variant is suitable for salaried borrowers up to 48 years of age. While in a regular home loan, the borrowers will get a repayment schedule till their age of retirement, with this facility they can extend their loan tenure till 65 years of age.
b) For young, salaried customers: The salaried borrowers up to 37 years of age are eligible to avail a 30 year home loan with repayment tenure till 67 years of age.
c) Self-employed or freelancers : There are many self-employed customers who earn higher income in some months of the year, given the seasonality of the business they are in. This variant will take the borrower's higher seasonal income into account while sanctioning those loans.
Watch outs: The enhancement of loan limit and the extension of age come at a cost. The bank will charge a fee of 1-2 per cent of total loan amount as the loan guarantee is provided by India Mortgage Guarantee Corporation (IMGC). The risk of enhanced limit and of increasing the tenure essentially is taken over by IMGC.
VII. Home loan with waiver of EMI
Axis Bank offers a repayment option called 'Fast Forward Home Loans' where 12 EMIs can be waived off if all other instalments have been paid regularly. Here. six months EMIs are waived on completion of 10 years, and another 6 months on completion of 15 years from the first disbursement. The interest rate is the same as that for a normal loan but the loan tenure has to be 20 years in this scheme. The minimum loan amount is fixed at Rs 30 lakh.
The bank also offers 'Shubh Aarambh Home Loan' with a maximum loan amount of Rs 30 lakh, in which 12 EMIs are waived off at no extra cost on regular payment of EMIs – 4 EMIs waived off at the end of the 4th, 8th and 12th year. The interest rate is the same as normal loan but the loan tenure has to be 20 years in this loan scheme.
Watch outs: Keep a tab on any specific conditions and the processing fee and see if it's in line with other lenders. Keep a prepayment plan ready and try to finish the loan as early as possible.
Nature of home loans
Effective from April 1, 2016, all loans including home loans are linked to a bank's marginal cost-based lending rate (MCLR). Someone looking to get a home loan should keep in mind that MCLR is only one part of the story. As a home loan borrower, there are three other important factors you need to evaluate when choosing a bank to take the loan from – interest rate on the loan, the markup, and the reset period.
What you should do
It's better to opt for a plain-vanilla home loan as they don't come with any strings attached. However, if you are facing a specific financial situation that may require a different approach, then you could consider any of the above variants. Sit with your banker, discuss your financial position, make a reasonable forecast of income over the next few years and decide on the loan type. Don't forget to look at the total interest burden over the loan tenure. Whichever loan you finally decide on, make sure you have a plan to repay the entire outstanding amount as early as possible. After all, a home with 100 per cent of your own equity is a place you can call your own.
Source: https://bit.ly/2wjnSId
ATM :: Home loan from bank or NBFC: Which one should you opt for?
Banks and NBFCs follow different guidelines when it comes to lending and, thus, home loans disbursed by them are also done on certain different parameters. Here's all you need to know.
By: Adhil Shetty | Published: May 3, 2018 1:03 PM | Financial Express
When buying a house, we all want to get the best deal on the home loan we avail as it is probably the longest financial commitment we will make impacting our overall portfolio and expenses. However, deciding on the right financial institution to avail the loan from is a rather tricky task, given the market is competitive.
With the rise of non-banking financial corporations (NBFCs) in India, the choice has only gotten wider as customers can now choose not only among banks, but also NBFCs. But did you know that availing a home loan from a bank and an NBFC may seem similar, but work in very different ways?
Banks and NBFCs follow different guidelines when it comes to lending and, thus, home loans disbursed by them are also done on certain different parameters. Find out how these two differ when it comes to assessing an individual for a home loan and which one can you resort to for your home loan.
1. Interest Rates: MCLR vs PLR
Banks operate their housing loan interest rates based on Marginal Cost of Lending Rate (MCLR), which serves as their lending benchmark and is closely monitored by the RBI. On the other hand, loans by Housing Finance Companies (HFCs) and NBFCs are not linked to the MCLR. They are linked to the Prime Lending Rate (PLR), which is outside the ambit of the RBI. So while banks can't lend at rates below the MCLR, PLR-linked loans do not have such restrictions.
Banks have both floating and fixed rates, of which before only floating rates felt the occasional impact of MCLR. But in February this year it was announced by the RBI that all new loans whether with floating interest rates or base rates will be linked to the MCLR.
An MCLR-linked loan clearly mentions the intervals at which its interest rate will automatically change. In a falling interest rate scenario, this allows customers to receive RBI-mandated rate cuts in a transparent, time-bound manner.
As NBFCs and HFCs are free to set their PLR, it gives them greater freedom to increase or decrease their loan rates as per their selling requirements. This sometimes suits customers and provides them more options, especially when they fail to meet the loan eligibility criteria of banks. But in many cases, for those who easily meet the criteria this may also result in inflated interest rates compared to banks.
2. Loan Eligibility via Credit Score
As paperless financial technology takes prominence, more and more lenders are depending on credit scores to determine loan eligibility. While there are upper caps set on interest rates through MCLR and PLR, the actual interest rate you pay on your loan is linked to your credit score. Leading lenders are known to offer their best rates to customers with a CIBIL score of 750 or more.
While both banks and NBFCs consider credit scores carefully, NBFCs tend to have more relaxed policies towards customers with low credit scores. However, with a very low score, both banks and NBFCs will likely charge you a higher interest rate. In some cases, banks may ask to convert the home loan into a secured loan by mortgaging some asset if the credit criteria is not met, but you still need the loan.
A customer with a low score can in fact start with a loan from an NBFC. Through timely repayment, s/he can improve his credit score. After this, once the bank's eligibility criteria is met, the loan balance can be transferred to a bank.
To keep yourself ready, make sure to access credit reports by CIBIL or Experian. This will allow you to be ready even before you approach a lender. Since credit scores change every quarter, you can take your time to improve it before you decide to avail the loan in order to get a better rate of interest and disbursal amount.
3. Loan Amount
The actual cost of property is never just the selling price promoted by developers and builders. During acquisition it typically goes up as other costs like stamp duty, registration, an assortment of payments towards brokerage, furnishing, repairs and more always add up. Based on where you are in India, you may have to pay between 3 and 11 per cent of the property value as registration cost alone.
Banks are allowed to fund up to 80% of a property's value. For example, if you are buying a property worth Rs 50 lakh, you may receive a loan of Rs 40 lakh from banks excluding the registration cost and associated charges of course. The rest of the fund requirements would have to be met by you and often these last mile costs weigh heavily on the final decision to buy a property.
Although both NBFCs and banks are not allowed to fund stamp duty and registration costs, NBFCs can include these costs as part of a property's market valuation. This allows the customer to borrow a larger amount as per his eligibility.
4. Pre-Payment, Foreclosure and Late Payment Charges
Just like other loans, home loans also have associated charges attached. Both banks and NBFCs will have charges for pre-payment and foreclosure but NBFCs tend to charge much higher. In addition, late payment charges by NBFCs may sometimes be close to 10 or 20% of your monthly EMI, giving you no respite in case you default on any payment. NBFCs also tend to have higher processing fees, although some banks may charge similar amounts.
Whoever the lender may be, make sure to calculate you future interests and factor in additional costs associated with your repayment as home loans range between 10 and 30 years and you may have to bear such high charges in future.
(The writer is CEO at Bankbazaar.com)
Source: https://bit.ly/2rhfZOE
ATM :: Despite RBI maintaining status quo on rates, your loans may pinch more
By Sunil Dhawan, ET Online | Updated: Apr 05, 2018, 06.29 PM IST | Economic Times
The Reserve Bank of India (RBI) may have kept the repo rate unchanged at 6 percent in its first bi-monthly review for the financial year, but it would be premature for home loan borrowers to rejoice.
This is because equated monthly instalments (EMIs) on loans may still go up as some banks have already increased their marginal cost-based lending rates (MCLR) over the last month owing to rising cost of funds. Repo rate was last cut in August 2017 when it was reduced by 0.25 percent.
"In the current interest rate cycle, we have touched the lowest level and it will come as no surprise if the cycle turns. Against this background, the impetus for stimulating housing demand does not lie on interest rate alone but on other reforms and steps taken by various stakeholders. Measures such as implementation of RERA in true letter and spirit, palatable payment plans for home buyers and relatively cheaper house prices are some of the critical determinants to revive the real estate sector. Until such time the benefits of these measures percolate across markets, the sector will continue to reel under pressure," says Shishir Baijal, Chairman & Managing Director, Knight Frank India.
All bank loans, including home loans, taken after April 1, 2016, are linked to a bank's MCLR and any rise in it will push the interest rate higher. As things stand today, the interest rate appears to either remain stagnant or there exists a remote possibility for them to move up in the near term. Unless liquidity in the system improves and inflation is well under RBI's target, borrowers, both existing and new, will have to make do with a high interest rate regime.
At a home loan rate of 8.4 percent, the EMI on a Rs 1 lakh loan for 15 years comes to Rs 979. If the rate is increased by by 100 basis points (or 1 percent), the EMI will go up to Rs 1038 — a difference of Rs 59 or about 6 percent increase.
Rising MCLRs
Interestingly, State Bank of India, the country's top lender by assets, had increased its MCLR across most maturities in March. SBI also raised the 1-year MCLR to 8.15 percent from 7.95 percent, other lenders like ICICI Bank and Punjab National Bank, followed suit and raised their MCLR, albeit by a slightly lower magnitude of 15 basis points. Other banks may hike their MCLR too, and thus EMIs may rise.
When base rate fails
It is important to note that several loans taken before April 1, 2016 which are still linked to base rate are still being serviced by the borrowers. They stand to benefit only when the bank will cut its base rate. Not many banks have cut their base rate in the recent past. SBI had it by 0.30 percent on Jan 1, 2018, before this it had cut it by 0.5 percent in September 2017. Effective April 1, 2018, Allahabad Bank had cut base rate to 9.15 percent from 9.6percent and even its benchmark prime lending rate (BPLR) has been brought down to 13.40 percent from 13.85 percent.
Taking stock of the situation, RBI in its February meet had stated that, "Since MCLR is more sensitive to policy rate signals, it has been decided to harmonize the methodology of determining benchmark rates by linking the Base Rate to the MCLR with effect from April 1, 2018."
MCLR linked home loan
Banks, however, may or may not lend at MCLR. They may ask for a spread or a mark-up or a margin. The actual home loan interest rate can be equal to the MCLR or have a 'mark-up' or 'spread', but can never be lower than the MCLR.
Note: Loans are disbursed by HDFC Ltd.
New home loan borrowers
For new home loan borrowers, it's only the MCLR linked loans that matter. Don't wait any longer in the hope of an interest rate cut if you are thinking of getting a loan. Instead, if you are eligible, you can opt for the benefit under the Pradhan Mantri Awas Yojana (PMAY) scheme. The deadline to avail the benefit under this scheme is March 31, 2019. Under the scheme, a credit-linked interest subsidy is given according to the applicant's income level.
Existing home loan takers
a) Home loans linked with MCLR
As was no rate cut today, there is unlikely to be any downward pressure on MCLR. On the flip side, with banks increasing their MCLR, the possibility of home loan rates going up when the reset date arrives cannot be ruled out either. In MCLR-linked home loans, the rate is reset after 6/12 months as per the agreement between the borrower and the bank. The rate applicable on that date becomes the new rate for servicing the EMI's.
b) Base rate home loans
Interest rates charged under the base rate system is relatively higher as compared to that under the MCLR regime. Still, if your home loan interest rate is linked to the base rate system, you might want to reconsider the option of switching to an MCLR based loan. As has been seen in the past, there has been a lag in the transmission of cut in repo rate by banks to the consumers after the central bank reduces rates. However, under the base rate system, whenever RBI had raised repo rates, the banks used to raise their base rates without any delays.
Source: https://bit.ly/2qjZSzv
ATM :: Can floating home loans become fair?
Currently, banks can decide their own benchmark lending rate, the MCLR. What if your loan was linked to a benchmark set by a third-party? Will you get a better deal?
Vivina Vishwanathan | Last Published: Tue, Mar 13 2018. 08 33 AM IST | LiveMint
India has floating home loans that become expensive as soon as the interest rates go up, but don't float down when the rates fall. This happens because the banking regulator allows banks to peg their home loan rates to a benchmark that the banks themselves control—allowing them to benefit when they choose to, at the cost of you, the retail borrower. But it looks as if competition is finally arriving in this segment with a new home loan product from Citibank India, which uses a third-party benchmark. Here, we examine if such a thing is good for you or not. But first, some background.
Several times, the Reserve Bank of India (RBI) in its monetary policy review has flagged the issue of rate cut benefits not being passed on to retail customers. It has tried thrice to rationalize the benchmark lending rate linked to home loans, in a way that there is transparency and the benefits are passed on to consumers.
In the last 7 years, we have also seen home loans move through three benchmark rates—from benchmark prime lending rate (BPLR) to base rate in 2010 and then to marginal cost of funds based lending rate(MCLR) in 2016. However, none of these attempts seem to have worked and the desired goal of transparency in loan rates has still not been delivered.
Last year, during a monetary policy announcement, RBI governor Urjit Patel indicated that MCLR could be reviewed as the rate transmission to customers continued to be slow. While the banking regulator waffles on this, Citibank has come out with a home loan product that is linked to 3-month treasury bills (T-Bills).
Is it allowed to do this? "RBI permits banks to link their variable rate home loans to MCLR, provide fixed-rate loans, semi-fixed-rate loans or (even) link their loans to an external benchmark," said Rohit Ranjan, head of secured lending, Citibank India. This is not the first time a bank has linked its home loan product to an external benchmark. ING Vyasa Bank Ltd, in 2005, had a home loan product that was linked to Mumbai Inter-Bank Offer Rate (Mibor) (you can read more about it here). Let's understand the home loan products linked to T-Bills and see if you should opt for them.
Santosh Sharma/Mint
The product
Citi's new home loan product is linked to the 3-month Government of India T-Bill benchmark. It is an external reference rate. Citi has decided to pick this data from the Financial Benchmarks India Pvt. Ltd (FBIL), which is a company that aims to develop and administer benchmarks relating to money market, government securities and foreign exchange in India.
How is the data for this benchmark arrived at? According to FBIL, it is based on T-Bills traded in the market. The benchmark rate is announced everyday at 5.30pm, except on holidays.
It is calculated from the data of secondary market trades executed and reported up to 5pm on the Negotiated Dealing System – Order Matching Platform (NDS-OM)—which is an electronic system for trading government securities in the secondary market. All trades of Rs5 crore or more, and having had a minimum of three trades in each tenure are considered. The benchmark T-Bill data is then published for seven different tenures: 14 days, 1 month, 2 months, 3 months, 6 months, 9 months and 12 months.
So that there is consistency, the bank has decided to pick the rate published on 12th day of each month. "Our endeavour is to provide as much stability as possible on rates to our customers. We believe a date towards the middle of the month best suits this objective," said Ranjan. Usually, the RBI too comes out with its bi-monthly monetary policy in the first week of the month.
As this home loan product will be linked to 3-month T-Bill data, its reset clause will also be set for 3 months. This means, every 3 months your home loan interest would change based on movements in the external benchmark rate.
Is a 3-month T-Bill benchmark appropriate for 20-30 year loans? In a developed market such as the US, mortgages are linked to longer duration benchmark rates. "Linking long-term loans to longer-duration benchmark rates is more appropriate to the extend that it is based on duration. But at the same time in the US, for example, mortgages tend to be fixed. Then it makes sense to link to longer term loan. In case of Citi's home loan product, the reset is more frequent and linking to a long-term rate may not be appropriate. It is just a strategy," said R. Sivakumar, head, fixed income, Axis Mutual Fund.
The home loan also comes with a spread. In this case, it is around 200 basis points, plus T-Bill. The 200 basis points can vary depending on your credit profile. "As of today, home loan rate linked to t-bills will be around 8.5%….If your credit profile is good, then the spread could be lower," said Ranjan. Remember that the spread that you agree to while signing a loan agreement will not be changed till the end of loan tenure.
How T-Bill is different
The RBI has said many times that there is no transparency in the way floating interest rate on home loans is calculated, and that there is need for a benchmark rate that is market linked so that any change in policy rates can be passed on to the consumers. Usually, banks keep the rates high even in a falling interest rate regime and you don't see an immediate impact or cut in policy rates. To understand if home loans linked to T-Bills will bring in transparency, we compared T-Bills with MCLR and base rate. If you look at both comparisons, the drop in interest rates linked to MCLR as well as base rate come with a lag. If the home loan rates are linked to T-Bills, the reflection on falling interest rate is likely to be immediate on your home loan. The movement in T-Bill yields is a result of two parameters—repo rate and liquidity. Hence, if it is a falling interest rate regime, the fall will reflect faster in your loan rates.
Currently, when your home loan is linked to MCLR, the impact on your home loan rate is also a result of the banks' cost of funds and other parameters associated with the bank that you take the loan from.
What should you do?
The concept of linking home loans to an external benchmark rate (instead of an internal one) is a good idea, as it makes the process transparent. Typically, banks have some leeway in controlling their rates. An external rate should obviate such a possibility.
However, is it possible for banks to manipulate the external benchmark too? "It is very difficult, since the cut off rate is decided by RBI. The central bank has the ability to manipulate it but a market participant can't since it is a big and liquid market," said Sivakumar.
As of now, the interest rate on home loans that is linked to T-Bills and MCLR are similar, due to the spreads attached to each one of them. A Citi home loan linked to MCLR has a spread of 40 basis points while the one that is linked to the T-Bills would have a spread of 200 basis points. Experts say that interest rates linked to an external benchmark will bring transparency and hence will help you to benefit more from falling interest rates.
"The rate will fall as well as rise faster. In T-Bills you will see a decrease before the MCLR decreases. There will be periods where the rates will lead or lag each other. But over the life cycle of the mortgage, say 20 to 30 years, the difference should not be huge, assuming the spread of 200 basis points," said Sivakumar.
Currently, there have been signals of a higher interest rate regime kicking in. Hence, you may not benefit from T-Bill rates immediately. "The experience with base rate and MCLR has been that the rates tend to fall much more slowly when policy rates are falling. The moment you have an external benchmark, and there is no bank controlling it, the loan will be far more transparent and you are better off having that— especially when rates are falling," said Vishal Dhawan, a Mumbai-based financial planner.
But what about the 200 basis point spread? "The spread is a function of what you end up believing is the cost of running a business. Ultimately, the bank will also be raising resources, which is not necessarily linked to 3-month T-Bill rate. It will be unfair to believe that the cost of fund for the bank is only the 3-month T-Bill rate and the spread is too much. The value will become far more evident when the rate cycle turns again and rates go down—right now it may not make a big difference," added Dhawan.
As a borrower, however, you now have an option to pick a home loan based on an external benchmark. If it doesn't work for you, you always have the option to switch to an MCLR-linked home loan.
NTH :: In a first, Citi launches T-bill rate linked home loan
PTI | March 5, 2018 | India Today
Mumbai, Mar 5 (PTI) Even as rivals continue to be reluctant about adopting external benchmarks for setting lending rates, American lender Citi today launched the countrys first market benchmark rate-linked lending product.
The bank has introduced a home loan product that will be linked to the rate of treasury bills, which is used by government for its short-term borrowings.
The lender, which already has similar external benchmark-linked products in other markets like the US and Singapore, said it does not see any impact on net interest margin (NIM), a key determinant of profitability, because of the launch of the product where a borrowers rates will be reviewed every three months.
Frustrated at poor transmission of its policy moves into lending rates for borrowers, the Reserve Bank had last October mooted the idea of moving to a market-linked benchmark and suggested three such instruments, including the T-bills rate, the rate for certificate of deposits and its own repo rate to determine the interest rate.
Bankers, led by their lobby grouping Indian Banks Association, had opposed such a move, claiming that the existing marginal cost of funding based lending rates is working well and also pointed out that deposits are not linked to any market benchmark.
Citis country business manager for global consumer banking Shinjini Kumar, said a shift to a market benchmark like the T-bill is transparent, simple and will also help with better transmission.
Loans will be sold at a fixed spread above the T-bill rate which will be maintained throughout the loan tenure, she said, adding there will be quarterly readjustments for the borrower.
There will be a range of spread above the T-bill rate which the bank will follow, its head of secured lending Rohit Ranjan said, adding the average spread will be 2 percentage points. Existing customers will also be able to move to the new product without any refinancing costs, he added.
The banks country treasurer Badrinivas NC sought to downplay concerns surrounding customers being exposed to T- bill rate volatilities, which may happen due to external events like the taper tantrum in 2013 and hinted that the rates also reflect the policy decisions at a particular point of time which get captured through the quarterly resets.
He said the bank has a diversified liability profile, including a high 60 per cent composition on the low-cost current and savings account deposits and also other retail term deposits, which will make it possible for it to offer such a product.
The bank feels the RBI will be on a long pause and may go for a hike in rates only if there is a surge in inflation, he said.
In a few cases, especially concerning top corporates, the bank has been benchmarking rates against market benchmarks but those were deals done on a one-on-one basis, and this is the first time that any lender is going to the market with such an offering, Kumar said.
The bank had a gross home loan book of Rs 9,000 crore, while the overall India book stood at Rs 57,000 crore as of December 2017. Even as rivals struggle with dud assets, its NPAs on the mortgage lending is a healthy 0.05 per cent, the bank said.
Commenting on the recent changes in priority sector lending (PSL) requirements for foreign banks, Kumar said Citi is already compliant on PSL requirements, including the sub- categories and in some cases it uses priority sector lending certificates.
The bank will be resorting to use of digital technologies and tying up with partners to comply with the new requirements, she said. PTI AA BEN BEN SDM
Source: https://goo.gl/fMCc2X


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All photos from: We the People
I don't know about you, but here in San Francisco it's getting a little warmer, pale girls like me are getting a little more color, and lots and lots of festivals are coming up which can only mean one thing – it's time to revamp my dreary winter wardrobe.
I've always been a bargain hunter when it comes to clothing considering I can take a skirt that I got for free in a clothing swap and turn it into something like this (clicky clicky). But one of my favorite things to do aside from flipping through magazines to get inspiration for my creations is looking through style blogs and saving my favorite looks in an "inspiration" folder. How do you get inspired?
One of my favorite style photography blogs is We the People, who are based in Australia… who, in my opinion, is a country that has impeccable style. Well, at least according to this blog, and Oyster magazine which I fell in love with in high school.
Sometimes they shoot runway shows, which is fine, but my favorite posts are of what real people are wearing on the street. I don't know about you, but I'm ready to scour through my local thrift stores (viva la Mission!) and start finding/creating bright, fun pieces to add to my wardrobe. Happy Monday, everyone!

subset: commoncrawl


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The suspected mastermind behind the ISIS attack on the Istanbul airport that claimed the lives of 44 people was a "refugee" who was protected by the European Court for Human Rights after Russia tried to have him extradited.
Chechen national Ahmed Chataev was on a Russian terrorism watchlist since 2003, but received asylum in Austria after he claimed that he was severely tortured and under persecution from Russian authorities.
Chataev was later arrested in Sweden after Kalashnikov assault rifles, explosives and ammunition were found in his car, but he only spent just over a year in prison.
"In 2010, Chataev was arrested in Ukraine with his mobile phone files containing a demolition technique instruction and photos of people killed in a blast," reports RT.
"Russia requested his extradition on terrorism-related charges but the European Court for Human Rights ordered Ukraine not to hand him over to Russia with Amnesty International also urging Ukrainian authorities to halt extradition as Chataev "could face an unfair trial and would be at risk of torture and other ill-treatment."
Russia again tried to extradite Chataev a year later as he was crossing the border between Turkey and Bulgaria, but human rights groups pointed to his refugee status in Austria to block Moscow from getting their man.
Having evaded capture, Chataev left Georgia for Syria in February 2015 where he joined other ISIS jihadists and subsequently took a leadership role in the Islamic State hierarchy.
This is by no means the first time that ISIS terrorists have exploited Europe's refugee influx to plot bloody attacks.
Earlier this month it was revealed that four Syrian refugees, two of whom arrived in Europe via the Balkans last year amidst the migrant influx, had plotted a Paris-style massacre on the streets of Dusseldorf, Germany.
At least three individuals who posed as "refugees" were also connected to the Paris attacks, including the mastermind behind the plot, Abdelhamid Abaaoud, who brazenly revealed how he exploited the migrant red carpet to plot bloodshed.
"My name and picture were all over the news yet I was able to stay in their homeland, plan operations against them and leave safely when doing so became necessary," Abaaoud told Dabiq magazine.
An Islamic State manifesto released last December brags about how the terror organization has exploited the refugee program to send jihadist sleeper cells to Europe since 2012.
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A team led by a University of Maryland School of Medicine (UM SOM) researcher, working as a grantee from the National Institutes of Health (NIH), has identified a number of existing drugs that could be "repurposed" to fight outbreaks of Middle East respiratory syndrome coronavirus (MERS-CoV) and severe acute respiratory syndrome coronavirus (SARS-CoV).
Clinicians treating patients suffering from MERS currently have no drugs specifically targeted to the MERS-CoV, a virus first detected in humans in 2012 that has since caused 572 laboratory-confirmed infections, including 173 that were fatal, according to the World Health Organization. Public health officials announced the first two cases of the virus in the United States in early May.
In a paper published online in Antimicrobial Agents and Chemotherapy on May 19, 2014, Matthew Frieman, PhD, Assistant Professor of Microbiology and Immunology, at UMSOM and his colleagues report that they found more than 60 drugs that inhibited MERS-CoV and SARS-CoV. These drugs, which either were approved by the FDA for another condition or are in advanced clinical trials, provide new targets for possible development into antiviral therapies.
"Outbreaks of emerging viruses present a unique challenge: How to quickly identify treatments without requiring the full-term, lengthy clinical development process," said Dr. Frieman. "Repurposing approved pharmaceuticals offers a feasible, safe way to quickly find ways to quell an outbreak and reduce the loss of life. In fact, in a fast-moving outbreak, it may be the only way to find treatments."
Frieman and his colleagues tested about 290 compounds against viruses that were grown in a laboratory. These compounds were selected for their antiviral activity observed from previous tests, as well as structures and functions that suggested they might contain some ability to thwart a viral infection and outbreak. From those 290 compounds, the researchers found 39 drugs that were effective at inhibiting either MERS-CoV or SARS-CoV, and 27 drugs that were effective against both viruses. The compounds' ability to inhibit the viruses appeared in a diverse number of ways. The drugs were characterized as neurotransmitter inhibitors, estrogen receptor blockers, inhibitor of enzyme function, lipid (fat) metabolism inhibitors, protein processing inhibitors, and inhibitors of DNA synthesis or repair. Some anti-parasitic and anti-bacterial drugs also showed some effectiveness against the coronaviruses.
"To prevent a new viral outbreak from turning into a pandemic or establishing itself as a deadly human pathogen, we need more countermeasures that can be used in an epidemic's early phase," said UM SOM Dean E. Albert Reece, MD, PhD, MBA. "Current approval processes for drugs can take years and cost hundreds of millions of dollars. Supplying the international public health community with sets of potential drugs for treating these outbreaks is a high priority and we're proud that we have researchers who can help contribute to a solution."
|Contact: Jamie Lacey-Moreira
University of Maryland School of Medicine


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|Buyers Guide
Now that you understand the need to buy a puppy from a reputable hobby breeder, what do you do? Since it's probably your first time doing so, here are some tips on what to expect from Wheaten breeders you contact:
- Real People, Real Lives
First and foremost, breeding Wheatens is a hobby for us. Quality breeders participate in many dog-related activities such as dog clubs, shows, obedience and agility trials and educational events. Most of us also have jobs, families, and, yes, other interests. They don't have a staff to help them — and expenses mount far quicker than puppy income. This sometimes comes as a surprise to people. When looking for puppy, don't forget what time zone you're calling, and try hard not to interrupt a breeder's dinner or sleep. Have a bit of patience when that email or voicemail aren't responded to as quickly as you want. If you're asked to contact them at a better time, understand that breeders have to juggle things just like you do. Check the Breeders List for preferred contact methods and you'll have a more productive experience.
- Ethics
Every SCWTCA member is bound by the club's Code of Ethics. You should expect that they live up to it, without any excuses. You should expect that financial matters are handled carefully, and that terms of deposits and payments are clear. You should expect that any referral they give you to another breeder is to another reputable breeder.
- Professionalism
This is a hobby and breeders certainly don't expect to live off the income from our dogs. That said, breeders do take their hobby seriously and you should expect professionalism on theur part:
- Expect to be interviewed
Placing a puppy is making a match. A breeder wants to match your interests, expectations and capabilities to both the breed characteristics and their individual puppies' needs. The best way for them to do that is via an interview. Everyone does it differently. Some use questionnaires, some use the phone or email, and others prefer in person meetings, while most use a combination. Whichever method they choose, it's a sign they care about their dogs — which should also explain why a breeder won't sell a Wheaten as a gift without also interviewing the recipient.
- Expect a contract
You may have thought that contracts are limited to your house and your car. Every reputable Wheaten breeder has some form of written agreement with their buyers. You should make sure you understand the contract, have discussed it with the breeder, and ensure it contains everything you have been promised. If you have concerns, take it to a lawyer to review. The contract should protect your interests as well as those of the Breeder. Contracts about dogs have been enforced in court, so do take them seriously.
- Expect to receive paperwork
The SCWTCA Code of Ethics lists what breeders must provide. Don't be surprised if you get additional information that the breeder thinks will be useful resources for you. It's all worthwhile reading material.
- Expect a wait
Hobby breeders aren't breeding every other week. You may be asked to call back in a few months or you may be put on a waiting list. When the litter arrives, you may find that there are a limited number of puppies available for placement, so your first choice of gender or size or coat type may not be possible. You may luck out and happen upon an available puppy but it's not unusual to wait 6months to a year for a puppy.
- Expect courtesy and respect
If you're taking your search seriously, you should be met with courtesy and respect by the breeders you contact.
- Expect to be interviewed
- Knowledge
Your research in the library and on the internet, along with your conversations with other Wheaten owners has provided a lot of information about the breed. We applaud you for putting in this time and if you haven't, do a little more before you start calling breeders. However, that research is only the first step. You should expect to learn a LOT more from a breeder. Even the newest breeder has encountered more Wheatens than a long-time single dog owner, the author of a piece in a guide to dogs book, and even most veterinarians. A breeder not only knows the dogs they've bred but also those all the ones encountered at events. A reputable breeder will have a large national and possibly international network of other breeders to tap into for insights. So, don't be surprised if your breeder's answers contradict some of what you have heard or read. Most umoirtantly, plan on asking a lot of questions and you should expect a breeder to answer them.
- Support
We hate to use the H-word again, but this is a hobby not a business. That means breeders are concerned about their puppies for their entire lives. They are prepared to be a resource for you long after you take your puppy home. They want to hear all the good things, sure, but they really want to hear problems, especially in regard to behavior and health, so they can help you. This may mean that some breeders will only place a puppy close to home. As one breeder put it. "Buying a puppy from me has both the advantages and disadvantages of a long, long friendship."
All that being said, every breeder has different ways of handling their breeding and puppy placement. Provided they meet the SCWTCA Code of Ethics, the details of contracts, interviewing styles, sales arrangements, breeding, care, and socialization will vary from breeder to breeder. So, just like you and your puppy should be a good match — you and your breeder should be one, too.
A quality puppy is worth the wait.


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TranServ Makes Mobile Payments Social With The Launch Of Udio Mobile Wallet
TranServ Makes Mobile Payments Social With The Launch Of Udio Mobile Wallet
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on January 21, 2016
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Moves mobile wallets past deals and discounts by championing social transactions
TranServ, a leading digital payments company, recently announced the launch of India's 1st Social Mobile Wallet
– Udio. Synonymous to its name which means "share" in Croatian, the Udio Wallet integrates a highly social, community-driven aspect with anytime, anywhere accessibility to digital P2P transactions via its secure and seamless payment structure, thus creating a ubiquitous ecosystem for both consumers and brands. Extending and replicating social behaviours, Udio enables squaring of dues, sharing dinner bills or a cab ride a hassle free task.
But with so many mobile wallets currently operating in the country, what makes Udio so special? The difference lies in the approach. While other mobile wallet players depend upon cashbacks and discounts to drive consumer adoption, TranServ's Udio wallet brings the user experience to life with its smooth, immersive interface. Browsing through the wallet is fun and interactive just like a social medium platform, while wallet users can engage with each other through social transactions such as splitting bills, sending/requesting money, and group payments. With functionality of social gifting married with location and context, Udio helps create experiences which truly puts consumer at the heart of the solution and ensures that the experience is designed to delight. Udio users can gift their friend's merchant vouchers, coffee, drinks, desserts and even spa sessions at their favorite hangouts! All of this and more with just one small app in a phone- the Udio Wallet
Speaking on the launch, Anish Williams, Co-founder & CEO, TranServ, commented, "With the Udio app, we are taking the next step in the field of digitally led social payments in India by seamlessly integrating the social aspect with our secure and swift digital solutions. We strongly believe in this concept and its viability in the Indian context, which is why we have integrated peer-to-peer transactions into our own offerings. Peer-to-peer digital payments solutions, such as Venmo, have already been proven to be extremely successful in other markets such as the US. We are confident that India's growing smartphone user base will welcome this new development with open arms and adopt Udio as their default payments partner for all online and offline transactions."
The Udio wallet also has several value-added features that make it stand apart from the other mobile wallet apps. Every Udio wallet comes with a VISA Pre-Paid Card linked that is powered by Ratnakar Bank allowing Udio users to leverage the wallet's payments facility with over 1 lakh merchants across the country. This seamless usage across online and offline channels through the Udio VISA Card adds even more value for the user and makes the wallet truly ubiquitous. With Udio, every cash-free payment becomes much more simple, swift & magical!
TranServ also recently launched India's 1st smartphone based native payments solution in an exclusive partnership with Micromax, India's leading smartphone brand. This will enable Micromax users to conduct financial and social transactions through native phone integrations such as contacts in the device address book and messaging. Multiple payment features will be enabled for Micromax as a service layer and will provide a ubiquitous payment solution in conjunction with the Udio Visa card.
With the launch of the Udio app, TranServ has underlined its commitment to championing the cause of digital payments as an industry pioneer and has become one of the early movers in this space of social payments in India. With this latest development, the brand will be looking to further establish mobile wallet usage as the default behaviour for the Indian mobile users and empower its drive to make India a cashless economy.
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Interview Starts 59:40 Richard Diaz joins us to talk about his book "Illness Defined" and the toxification of heavy metals. We chat about mercury in fish, our dental amalgams and the Chinese King's mercury tomb. We also chat about ongoing poisoning through the generations, the dentists that will now practice safely, and how different heavy metals interact with one another. See the somewhat topical timeline of our chat with Richard: 1:00 – The Mercury wars 8:00 – The mainstream view of mercury fillings and the backlash. 16:00 – Behavioural modifications from mercury poisoning and how to test for heavy metal poisoning. 22:00 – Detoxing from mercury poisoning 29:00 – The three types of illness http://www.illnessdefined.com/ In the intro we chat about Darren's trip down south, and his "rodent damage"…. We share some listener feedback and trip reports. This weeks UFO quote is a wiki leak email appropriate to our political climate. Thanks to some of our listeners for sending in links and vids on weather modification, see links below to those. Thank you for all your continued support, we can't do this without you. See links at very bottom for how you can help out the show and connect with us. Links just below are stuff we chatted about during the show and the intro: https://www.youtube.com/watch?v=n46Uhnkr1Lk 1959 Disney video on Weather/Climate modification http://www.geoengineeringwatch.org/nasa-satellite-imagery-reveals-shocking-proof-of-climate-engineering/?platform=hootsuite https://cytodetox.com/ http://pandorastar.co.uk/ https://www.cda-adc.ca/en/oral_health/talk/procedures/fillings/metal.asp http://www.acam.org American College for Advancement of Medicine https://iaomt.org International Academy for Oral Medicine and Toxicology Please Help support the show. Grimerica's Honey DoBeDoBeDo List: !! – Grimerica is fully and solely listener supported. We adhere to the Value for Value model. 0 ads, 0 sponsorships, 0 breaks, 0 portals and links to corporate websites… just many hours of unlimited content for free. Thanks for listening!! Leave a Voicemail http://speakpipe.com/grimerica Leave a review on iTunes and/or Stitcher https://itunes.apple.com/ca/podcast/the-grimerica-show/id653314424?mt=2# http://www.stitcher.com/podcast/the-grimerica-show Sign up for our newsletter
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Thanks to Wayne Darnell for help with the website. http://www.darnelldigitalink.com/ http://www.lostbreadcomic.com/ link to Napolean Duheme's site MUSIC Grimerica Theme – Lock & Key Mercury Switch – The New Deal Mesonixian – Shreddie Mercury
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- Home
- Wood heaters
- Manufacturers, suppliers & services
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- 'How to' videos
- Our Association
- Contact us
The wood heating and firewood industries have a number of components. There are several major wood heater manufacturers in Australia and many small manufacturers. There are specialist flue manufacturers and manufacturers of hearths and accessories. There are several distributors that wholesale Australian and imported heaters. There is an extensive retail sector consisting of specialist wood heater retail outlets, specialist domestic heating outlets (wood, gas, electricity), hardware stores selling wood heaters and some major retail chains. There are heater installers and chimney sweeps that also provide after sales service for your wood heater.


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MSI Radeon R9 290X Lightning Overclocked Video Card Review (Page 24)
Pricing, Availability, and Final Thoughts
While we'd normally expect quite a premium for a Lightning based card, due to the fact that the R9 290X continues to run out of stock, the price of the model has jumped in general. For that reason, the mid $700 price tag that you can find the MSI R9 290X 4GB Lightning OC for is really competitive. Stock is going to be one of the larger issues as the model is going to no doubt come in and then go straight out. Looking today, though, the model is really worth the wait if you're happy to do so.
When it comes to performance, the card is fantastic. Out of the box, it sports the highest overclock of any R9 290X 4GB that we've looked at. You don't have to be some crazy overclocker to see the value in the Lightning version of the R9 290X 4GB from MSI. There's no denying, though, that if you're going to get the most out of it and the most performance for your money, then you would want to really fire up MSI Afterburner.
Overclocking is really quite easy, and outside of adding extra performance for nothing, it's just a blast to do anyway. MSI doesn't offer anything that is going to cause problems to the card in terms of voltages, so you can max them out and then take the time to overclock the core and memory to see just how much performance you can get out of the card.
When it comes to the bundle, you can see that it's fairly standard with everything you need to get up and running. You haven't got much in terms of extras, and if you're not really overclocking, the inclusion of the plate for Water Cooling and LN2 users isn't going to be much use. The same can be said for the V-Check cables; most users will probably find themselves not needing these.
You don't have to have a water cooling setup or be playing with extreme elements to see the value in the MSI R9 290X 4GB Lightning OC. Out of the box, it's the fastest R9 290X 4GB we've tested because of the strong core overclock MSI offers. For the money, you're still getting a fantastically built product that has got a number of improvements over the reference card thanks to the Twin Frozr Cooler and Military Class 4 components. MSI has set the bar for performance again here today and it's no doubt going to be hard to top.
PRICING: You can find the MSI R9 290X 4GB Lightning OC for sale below. The prices listed are valid at the time of writing but can change at any time. Click the link to see the very latest pricing for the best deal.
United States: The MSI R9 290X 4GB Lightning OC retails for $842.07 at Amazon.
Canada: The MSI R9 290X 4GB Lightning OC retails for CDN$902.58 at Amazon Canada.
Last updated: Apr 7, 2020 at 12:32 pm CDT
PRICING: You can find products similar to this one for sale below.
United States: Find other tech and computer products like this over at Amazon.com
United Kingdom: Find other tech and computer products like this over at Amazon.co.uk
Australia: Find other tech and computer products like this over at Amazon.com.au
Canada: Find other tech and computer products like this over at Amazon.ca
Deutschland: Finde andere Technik- und Computerprodukte wie dieses auf Amazon.de
- Page 1 [Introduction and Package]
- Page 2 [The Card and Specifications]
- Page 3 [Benchmarks - Test System Setup]
- Page 4 [Benchmarks - 3DMark 11]
- Page 5 [Benchmarks - 3DMark Fire Strike]
- Page 6 [Benchmarks - Unigine Heaven Benchmark]
- Page 7 [Benchmarks - Phantasy Star Online 2]
- Page 8 [Benchmarks - Lost Planet 2]
- Page 9 [Benchmarks - Just Cause 2]
- Page 10 [Benchmarks - F1 2012]
- Page 11 [Benchmarks - Metro Last Light]
- Page 12 [Benchmarks - Dirt Showdown]
- Page 13 [Benchmarks - Nexuiz]
- Page 14 [Benchmarks - Sniper Elite V2]
- Page 15 [Benchmarks - Sleeping Dogs]
- Page 16 [Benchmarks - Hitman Absolution]
- Page 17 [Benchmarks - Tomb Raider]
- Page 18 [Benchmarks - BioShock Infinite]
- Page 19 [Benchmarks - Battlefield 4]
- Page 20 [Benchmarks - High Quality AA and AF]
- Page 21 [Temperature Test]
- Page 22 [Sound Test]
- Page 23 [Power Consumption Test]
- Page 24 [Pricing, Availability, and Final Thoughts]


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a specialty restaurant is available once per stay free of charge. Where Eastern cooking compliments western cuisine, Silk Road is the signature restaurant of Malikia Resort Abu Dabbab.
Located in the first floor down the hotel's Lobby.
Dress Code: Smart Casual.
Reservation is required at the Reception desk one day before. (Dinner Only ). Once per stay
Malikia Resort Abu Dabbab
Marsa Alam, Red Sea , Egypt
30 km south of Marsa Alam International Airport
Tel.: +20 (65) 3740121/28
Fax: +20 (122) 130 02 70
Cell Phone: +20 (100) 00096001
Cairo Sales Office:
Cornish EL Nile, Aghahan Towers,Tower No. 24, 24th floor
Tel.: + (202) 4327415, +(202) 2055936
Fax: +(202) 4328990


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Indizes (2008) - Andreas Nicolas Fischer
Indizes is a data sculpture visualizing the stock market indices S & P 500, Dow Jones Industrial and NASDAQ in the year 2008 from january to november. The values are shown on the three peaks of the five rows of polygons. The data was provided by Google Finance.
This essay originated from the anthology DATA browser 04: Creating Insecurity: art and culture in the age of security edited by Wolfgang Sützl and Geoff Cox. The book was published by Autonomedia this year and is licensed under Creative Commons.
Where does security end, and insecurity begin? Systems analysts recognise this as a classic boundary question. Its answer determines the precise deployment of any security system. But as we shall see, this particular boundary question cannot be answered under present conditions, except through the definition of a second system, a specifically interrogatory one. Drawing on the work of an American art critic of the 1960s, I'll call this second kind of bounded entity an 'aesthetic system'.
Asteroids (black version) (2009) - E*Rock
Degradation (2007) - Fernando Sanchez
You Suffer x 10: MP3 (2008) - Yoshi Sodeoka
"You Suffer" is a song by the British grindcore band Napalm Death. The song has earned a place in the Guinness Book of Records as the shortest recorded song ever. It is precisely 1.316 seconds long and consists entirely of the lyrics "You suffer - but why?".
I timestretched this song with zero transposition and made it 10 times longer hoping to comprehend the lyrics "You suffer - but why?". The result is even more incomprehensible.
Looking At "Looking At Music: Side 2&"
A year ago the Museum of Modern Art's media galleries hosted "Looking at Music," an exhibition of process-based work from the 1960s and 1970s that included music videos by pop icons like David Bowie and The Beatles (as well as cult favorites Captain Beefheart and Devo) amid works by Nam June Paik, Joan Jonas, and other avant-garde heroes. Caitlin Jones expanded on the inclusions and their mutual connections in a review on Rhizome; I also wrote about how it traced two paths in process art, which were exemplified by the music of John Cage and Steve Reich. Whatever a viewer brought to the show, it's safe to say that everyone felt a thrill from the incongruity of watching Bowie's Space Oddity in MoMA's white boxes. The approach helped tear Cage, Paik, and their cohorts out of the textbook, and demonstrated that while ideas germinated in strongholds of the creative intellect like Darmstadt or E.A.T.'s "9 Evenings: Theatre & Engineering," art did not exist in a vacuum. With "Looking at Music," curator Barbara London set an agenda continued in an essay published in the March 2009 issue of Artforum, making a case for the study of music video in terms of process art in the late twentieth century.
Now "Looking at Music: Side 2," on view through November 30, offers the flip side as it takes the exploration of the topic into the late 1970s and early '80s. If art-world favorites set the tone in last year's exhibition, "Side 2" is dominated by album covers and concert posters. A sprawling mural of work by rock'n'roll photographer Bob Gruen overlooks a monitor showing a grainy video ...
Sesame Street Highlights
First airing in 1969, Sesame Street was an innovation in educational television. In addition to producing its own live action sequences, the show reached into the worlds of film and animation and commissioned work from studios such as Jeff Hale's Imagination, Inc., John and Faith Hubley's Storyboard Films, and Jim Simon's Wantu Enterprises. The program also pioneered the use of early computer graphics from the Scanimate analog computer courtesy of Dolphin Productions in New York City. All of these elements combined to create some of the most adventurous and artistic children's programming ever shown on television. Here are some highlights:
by Imagination, Inc.
by Imagination, Inc.
by Imagination, Inc.
by Imagination, Inc.
by Imagination, Inc.
by John and Faith Hubley's Storyboard Films
by Steve Finkin with Joan La Barbara
by Steve Finkin
by Owe Gustafson
by Owe Gustafson
by Jim Henson
by Jim Henson
by Frank Oz
by Wantu Enterprises


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Denver Botanic Gardens is teaming up with Chipotle to present the Sustainable Food Film Series, monthly (or so) food-related film screenings that include panel discussions and free sustainable snacks from Chipotle. The series kicks off tonight with Locavore; also on the roster are Ingredients, French Fries To Go, Truck Farm and The Real Dirt on Farmer John. The show starts at 7 p.m., and admission is a suggested $10 donation; call 720-865-3500 or visit www.botanicgardens.org.
For information on dozens of culinary events around town, visit our online Food & Drink listings -- and if you have information for a culinary event you'd like included in our online calendar, send it to firstname.lastname@example.com.
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Calendar and Members
Regular School Board meetings are held on the 4th Wednesday of each month at 5:00 p.m. in the Library. Board meetings are announced in the weekly newsletter emailed on Mondays and are posted on this website on the homepage under Eagle events and under Governing Board agendas and minutes.
Board Members 2018-2019
Please click on name for Governing board members contact information.
Eric Bruen
Arzell Hale
Chip Holloway
Deanna Lukens
Ray Miller
Meeting Schedule
2018-2019 Board Meetings
All meetings will be held at 5:00 pm at RCS
January 24th 2018
February 28th
March 14th
April 25th
May 23rd
May 29th
June 8th
June 15th
June 28th
July 30th
August 22nd
September 12th
October 24th
November 14th


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Bespoke Glass Products
As manufacturers of high-quality contemporary glass furniture, we naturally carry a large amount of stock toughened glass sizes.
However we are aware that standard glass sizes aren't always what you're looking for and so we are proud to offer toughened safety glass in bespoke and custom sizes we can provide round or oval glass, square or rectangle glass or even barrel-shaped glass, all made to order and to your specifications.
If you are looking for further glass services we are proud to also offer a wide array of glass decoration services which includes a glass sandblasting service, vinyl colouring and we even offer a UV bonding service to secure your glass to its fitting right here in our factory.
We don't just supply contemporary glass tabletops however we also manufacture toughened glass shelving.
Floating glass shelves are an elegant and sleek alternative to traditional alternatives.


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The Macaron List is currently CLOSED. It will reopen in August 2014. Thank you!
– Hello dolls –
One of the hardest decisions for me has been whether or not to keep a commission list of sorts. I tried a modified type of list with my Queue, but it did not work as well as I'd hoped. I know a traditional commission list won't work for me for a variety of reasons, so I am always brainstorming ways of getting my dresses on the dolls of the people who want them most.
After much consideration, I've decided to open up a list for Macaron Dresses!
♣ Joining the Macaron List ♠
Email me {maggie @ parasoldoll.com} with the following information:
- First Name
- Relevant Usernames, Flickr, Instagram, etc.
- PayPal email & contact email, if different
- Country for Shipping (must be the PayPal address)
- First color choice and a back up color if desired
I sew Macarons one color at a time in batches of 4-6 dresses. Once I begin a color, I will contact the first few names on the list and create a private listing in my shop. Once the dresses are complete, I will send them out and list any remaining dresses for sale.
I will not contact you unless I've begun sewing the color you choose. I reserve the right to balance sales between the list and shop.
Macaron Dresses include a French lace petticoat & silk hair bow.
Please review my Policies.
A note on fabrics and colors:
Fabrics A, B, & C are textured with clip dots which you can see as little nubbs in the photo. Fabrics D, E, F, G, & H are smooth and do not have clip dots.
As we all know, on screen colors vary. I do my very best to represent colors as accurately as possible and they look correct on my screen. If you have concerns or need an exact match, contact me before purchasing.
Colors A, B, & C are no longer available.
❥ Maggie


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Traveling can be such a rewarding experience. It doesn't matter if you are traveling locally or overseas, you should still have some basic understanding about travel at your disposal. Here are some handy suggestions and tips to make your trip a little easier.
Do not display your personal information on a public computer. There may be malware on the computer that can log your information.
Keep a picture of your child in your wallet just in case they ever get lost. It can be a very scary thing to lose your child. However, it's important to be prepared because it can happen. A simple picture of your child will make a difference, especially if you are going abroad and do not speak the language fluently enough to describe your child and they get lost from you.
When you travel, you should only bring along things you need. The less items you have, the less risk of having valuable items stolen or lost. Pay attention to the number of shoes you bring, they tend to be large and heavy.
Prior to making a reservation, do your research. Find reviews online about the places you want to go. Ask people you know who have been there before. Doing your own research helps prepare you and allows you to select your activities once you arrive at your destination.
If you can't bear to be without your pet, choose a place that will accommodate her. Pet-friendly vacations are becoming popular, with many accommodations offering special deals for "pet parents." Some of these accommodations include cat spas, day care for your pooch and sometimes even cruises where you can take your pets. The point is that you should not toss out your vacation plans because you do not know what to do with your pet. Simply verify that services are available and pets are welcome before finalizing any arrangements.
Make sure that the packing list for your next trip include clothespins. Clothespins are not a typical travel item for many people, but should be reconsidered given their usefulness and versatility.
If one has their motorcycle license, a motorcycle can be a good means of travel for road trips or day trips. Motorcycles are gas efficient, and enjoying the ride can put you on the right track. It's exciting to travel by motorcycle.
Pack a raincoat when traveling. The weather is unpredictable. As an added bonus, your rain coat could be used as a light jacket when it's chilly, or as a bathrobe.
Bring cookie sheets when on a road trip with kids. They can use these sheets as a flat surface to color or play cards. If your kids are small, bring magnetic numbers and letter for some educational fun.
If you plan on visiting the National Parks often, it would be best to invest in a National Park Pass. They are only $50 and can be used for one year at all of the parks.
If you are traveling with small children, plan breaks every couple hours. Breaks may offer you time to stretch and use the restroom. Kids can get some fresh air, too. It may make the trip longer than you anticipated, but it will make it much less stressful.
If you are spending a night in a hotel, pack along some travel candles. Candles can make a room smell better. They can be relaxing, comforting and even romantic. These candles are dripless and are available in travel sizes.
When taking a long trip by plane, bring along some snacks to eat. Fresh fruit is a great idea, as it will be refreshing and energizing. You can save some money this way by skipping the meal, and it might even spark up conversation with a fellow traveler.
Staying awake until about 8pm in local time will help you to adjust better in the new time zone. Even if you are tired, the earlier you go to bed, the more difficult it will be to get settled into your new time zone. If you can quickly adjust to the new time, you will beat jet lag.
Before heading off on a lengthy road trip, know where to stop to have your vehicle serviced. You will find that service areas are few and far between, especially when on long road trips. Prepare for this ahead of time by mapping your route and knowing where all of the closest service stations are at all times. Also, keep service station numbers handy in case an issue arises.
You do not have to go a long distance to have a great quick trip. Your own area can often give you a great time. Travel expenses can be greatly reduced by staying in your home state with the added benefit that you will be supporting local merchants, restaurants and attractions. You may find surprising, fun places right in your own area.
Remember to bring your medication. When packing for a trip, it is common for folks to forget important things like prescription pills. You may not be able to get medication in another country.
When flying, give your child a seat off the aisle, when possible. Make sure that you or a friendly adult is there to sit in the way of the aisle. Children tend to be naturally curious, and reaching out when a cart is being pushed through the aisle could lead to injury. They can't run off as easily if you are blocking the aisle.
When you have small kids and are taking a car trip, take snacks for them. Actually, pack double the amount you were expecting. These things are important to make sure that they are happy and fed during the trip so that you don't need to make unnecessary stops that will slow you down. A little extra junk food isn't bad on special occasions, like a trip.
Cheaper flights are often connecting flights. However, carefully consider the layover time. If it is too short, you risk missing your connecting flight. An extended layover may become problematic if there are any delays on your connecting flight.
Now you should know what to do before traveling to improve the quality of your vacation. Enjoy yourself on your journeys!


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A gluten-free blog about the life of a celiac in college (and now grad school). Full of stories about life with celiac disease and fibromyalgia; gluten free, vegan and paleo recipes; and product and restaurant reviews. Plus, posts on body image, dating and more with a chronic illness!
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Haha, very nice. Seeing all those crazy concoctions by people on instagram though still have not gotten me in the mood for trying that. I actually haven't even had a smoothie in 5 weeks let alone any other type ;)ReplyDeleteReplies
I don't know how you do it! I'm definitely addicted. But I do question my dedication every time I whip up a bowl of oatmeal too...so many choices, too little meals!Delete
ah finally your secrets are revealed! I never thought to add flour! very interesting, I DON'T have a nutribullet though, I have a hamilton beach blender, not sure if it could handle all this goodness!ReplyDeleteReplies
I wish you luck! I love my nutribullet - definitely worth the investment!Delete
Looks really good!! xx SofieReplyDelete
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11 Things People with Celiac Disease Do That Seem "High Maintenance" But Actually Aren't
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I never thought my first blog would be about this topic. Over the years many, many things have ruffled my feathers, but this one got under my skin.
I love sport. I love the idea of fair competition, of knowing that rules will be honored. I love that above the rules there is an unspoken expectation that everyone, the fans, the players, the coaches, will give their all to preserve the spirit of the game. I love the idea that a sport will bring together masses of very different people for one reason, they love sport, too.
Nowhere is the spirit of the game more important than the Olympic Games.
In the name of all the competitors I promise that we shall take part in these Olympic Games, respecting and abiding by the rules which govern them, committing ourselves to a sport without doping and without drugs, in the true spirit of sportsmanship, for the glory of sport and the honor of our teams.
That is the Olympic athlete's oath. Here is the Olympic coach's oath:
In the name of all the coaches and other members of the athletes' entourage, I promise that we shall commit ourselves to ensuring that the spirit of sportsmanship and fair play is fully adhered to and upheld in accordance with the fundamental principles of Olympism.
Spirit of sportsmanship, glory of sport, honor of our teams..sounds pretty good to my sport-loving ears. One tiny problem though, one women's soccer coach didn't get it..any of it.
During group play of the 2012 Olympic Games the FIFA women's coach of the year, Norio Sasaki, didn't get it, none of it. Not the spirit of sportsmanship, the glory of the sport, honor of our teams, not even the spirit of fair play. Norio Sasaki, the winning coach of the 2011 WWC, in a group match against South Africa told his Japan side not to score. South Africa up until this match had no points in their group and no chance of advancing, so why would he tell his team not to score? It really doesn't take much to figure it out if you looked at the tournament bracket, by Japan playing to a draw instead of a win they would face a team Sasaki thought they would have a better chance to beat.
Smart thinking, you say? Gamesmanship, you say? Disgraceful, I say. Telling his players not to score so they would face an easier opponent goes against everything the Olympic Games stand for. Spirit of sportsmanship? There was no respect for his opponent in playing not to win and no respect for his players by telling them basically he thought they couldn't win against the best competitors. Glory of sport? No one watching or playing in that game felt any glory, of any kind. Honor of our teams? What kind of honor is it to disrespect your opponent by not playing your best and playing to win? Spirit of fair play? Technically, he did nothing wrong, but that does not mean he didn't violate the spirit of fair play.
Of all the world's sporting events the Olympic Games are the pinnacle of playing for the love of the game. Many athletes struggle everyday just to be able to train. They often have to beg and borrow just to get to the events needed to qualify and then having qualified, beg some more for money to actually compete in the Games. For some, playing in the Olympic Games will be the greatest accomplishment of their lives. To disrespect the efforts and struggles of each of those athletes by not playing to win is unforgivable.
FIFA has decided not to discipline their women's coach of the year, Norio Sasaki. Both FIFA and Sasaki should be ashamed of their decisions.
UPDATE 08.02.12 – It's been reported that Sasaki said he told his team not to score in order to avoid travel, not to face a more favorable opponent. In my mind that changes nothing.


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Why should I keep my butter in water?
Le Creuset v Staub
Which French oven is better?
Knife Storage Tips
How improperly storing your knives can damage your knives.
What cheese knife should I use?
How to pick the right cheese knife for the board.
How to clean a garlic press
Watch my video demo on a simple garlic press cleaning hack!
How to use a Spiralizer
Watch the video to find out how!
Spiralizer GIVEAWAY!


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Litigation can be exhausting, stressful and expensive. A judge can remove a significant burden from your shoulders when he or she enters a final judgment in your favor. Unfortunately, the final judgment provides only temporary relief when the opposing party fails to pay you the money you deserve.
Salaman / Henry is a law firm you can turn to for permanent relief. Attorney Drew Salaman has more than 40 years of experience and literally "wrote the book" on these matters. He authored several books published by the Pennsylvania Bar Institute. The legal community respects him as an authority on the subject of enforcement and collection of judgments, and he is often asked to speak at lectures held across the nation.
Based on our reputation and record of success, the city of Philadelphia recently entrusted our lawyers with the responsibility of collecting thousands of judgments that have gone unpaid for years.
We Have Collected Millions For Clients. We Can Help You.
Many disputes are resolved through civil litigation. A final judgment defines the obligations of each party moving forward, often involving a monetary award. The court does not ensure that each party meets their obligations. The reality is that some people take advantage of this situation and fail to pay the money owed to you. It is not easy to enforce your judgment without the assistance of an attorney.
With our extensive experience, you can trust that we are able to resolve your matter efficiently and professionally. Our law firm has helped countless individuals and businesses collect more than $100 million owed under a wide variety of judgments and against many entities, including:
- Personal injury awards for car accidents, slip and falls, or medical malpractice
- Insurance companies
- Taxicab medallions
- Domestic relations orders, including spousal or child support arrears
- Business debt and common stock
- Matters involving liquor licenses
- Interests due from trusts or decedents' estates
- Health insurance carrier billings
- Unpaid workers' compensation benefits or third-party awards
Are You Owed Money? Contact Us For Personalized Attention.
We have the experience to help you recover the money you are owed. We also have the flexibility of a small law firm to give your case the attention it deserves. Call us at 215-789-9405 or send us an email to tell us about your legal needs in a free initial consultation.


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The boys are 1 and 3 years old. This is a golden time.
I can still hug and kiss Argy and Bargy without either looking mortified. I can dress them in similar outfits without it being too odd. I can sing loudly and dance round our house with them, without embarrassment.
And I can sew twee, purpose-built items like today's project.
This bag is for transporting toy diggers and trucks to the park. Its my first go at applique. I hope it takes them a while to twig that there's something a little bit wrong about a floral backhoe loader.


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As an extension of Skyzer's recent launch of logistics support to complement Skyzer's depot-base..
Skyzer Technologies has rolled out hardware logistics support to two Internet Service Providers ..
In a bid to support budding technology start-ups, Skyzer Technologies has begun working with loc..
After only 18 months of operating in Melbourne, Skyzer is already moving to upgraded facilities...
In a bid to support budding technology start-ups, Skyzer Technologies has begun working with local entrepreneurs to help bring their technology-based Kickstarter campaigns to life.
Skyzer's CEO, Troy Sneddon, confirmed that Skyzer is in the process of providing tailored manufacture, firmware injection, testing, kitting and worldwide despatch services for a Sydney-based Kickstarter team, with more projects in the works.
"We're helping to ensure the success of these exciting Kickstarter projects, by stepping up to provide the same kinds of nimble, local, tailored support services that we provide to the likes of Samsung, Ingenico and Eaton Electric." he said.
"Kickstarter projects, by their nature, are all about bringing inspired ideas to reality. We're excited to be helping this happen, by letting the entrepreneurs focus their energy on designing brilliant new products, while we take care of the rest."
Aspiring entrepreneurs are invited to contact Skyzer via email at firstname.lastname@example.com to discuss their Kickstarter, Indiegogo or other crowdfunded technology project.
The best time to make contact is before the campaign launch, so that Skyzer can offer advice from an early stage of the project.
Kickstarter is a global crowd-funding platform that focuses on creativity.


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I'll soon be writing an article on this for the Packet, for Anthony Stoeckert, a delight of an editor, on the first kayaking of Spring.
But I must let NJWILDBEAUTY readers know, I made it out there on our canal last evening, (Sunday, May 3) from five to 6:30. There may be no lovelier way to end a day!
'There' is the Alexander Road station of Princeton Canoe and Kayak, canoenu.com, (also up at Griggstown, where I learned.) I'll give you more info later.
Meanwhile, welcome to Tranquility Base!
It's kayak time — what are you waiting for? (609-452-2403) Ask for Steve and tell him Carolyn sent you!


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We're excited to announce that Panama Guitars is hitting the road with our newly minted Road Series of gig-ready speaker cabinets. The extra-rugged Road Series, which currently comes in Oversized 1x12 and Horizontal 2x12 configurations, features the same specs and attention to detail as our flagship Tonewood Series, but has been designed with gigging and traveling musicians in mind. A fixed metal grill and extra-durable hardware and finish solidly protect the tonewood baffle and boutique speaker, so they can take a fair bit of abuse while still looking great and pushing out remarkable sound. Not only that, but the Road Series also features a built-in attenuator and mix control for really kicking it into high gear.
Like all of our cabs, the Road Series is built in Panama from sustainable tonewoods. They feature the best boutique V30-style speaker on the market, with a warm low-end, strong vocal mid-range, and a detailed high-end. Road Series cabinets (available in Bloodwood, Purpleheart, Palo Mora, Zorrowood, and Black Palm tonewood baffles) are shipping now, so snap one up today.


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The Australasian Coasts & Ports 2019 Secretariat has confirmed rooms in selected hotels for the benefit of Conference delegates. The hotels have been selected for their proximity to the Conference venue and you are encouraged to secure your accommodation through the Conference Secretariat to ensure that you receive the negotiated competitive rates.
Rooms are limited and are on a first come first served basis.
Rates are only available for the 8-13 September 2019 inclusive. Nights outside these dates can be requested but cannot necessarily be guaranteed at the same rate.
Accommodation can be booked via the registration form or by contacting the Conference Secretariat.
Hotel Grand Chancellor Hobart
1 Davey Street, Hobart
(Conference venue)
Mountain View Superior Room $240
Harbour View Superior Room $275
Check-In: 3.00pm
Check-Out: 11.00am
Located right on the waterfront in central Hobart, Hotel Grand Chancellor provides accommodation with majestic views over the Derwent River and Mt Wellington. All the facilities you would expect of a 4.5 star superior hotel are at your disposal including pool and gym. Enjoy contemporary dining at Restaurant Tasman or relax over a quiet drink in The Atrium Lounge Bar.
Cancellation policy:
Cancellations within 30 days will incur a cancellation fee of one night's accommodation per room cancelled. Cancellations within 7 days will incur the full accommodation amount. This includes any modifications to bookings and no shows.
The Old Woolstore Apartment Hotel
1 Macquarie Street, Hobart
(2 mins walk to the Conference venue)
Hotel Room $176
Studio Apartment $196
Check-In: 2.00pm
Check-Out: 11.00am
The Old Woolstore Apartment Hotel is centrally located – within a stone's throw of the city centre and just a block away from Hobart's majestic waterfront and close to some of the best restaurants in Tasmania. The Old Woolstore Hobart Hotel consists of a unique choice of fully serviced hotel rooms and apartments.
Cancellation policy:
Bookings cancelled 14 to 1 days prior, and no shows, may be charged a cancellation fee. This is at the discretion of the hotel.
Mantra Collins Hotel
58 Collins Street, Hobart
(2 mins walk to the Conference venue)
Queen Room $219
Check-In: 2.00pm
Check-Out: 11.00am
Mantra Collins in Hobart is ideal accommodation for business or pleasure. Located in the CBD and close to the waterfront, Mantra Collins is stylish, sophisticated and contemporary accommodation that you will remember. Mantra Collins has a variety of room types, all contemporary furnished. Their staff will ensure your stay will be comfortable and enjoyable.
Cancellation policy:
Cancellations within 30 days will incur a cancellation fee of one night's accommodation per room cancelled. Cancellations within 7 days will incur the full accommodation amount. This includes any modifications to bookings and no shows.
MACq 01
18 Hunter St, Hobart
(1 min walk to the Conference venue)
Superior Hunter Room (Mon – Thurs) $320
Superior Hunter Room (Fri) $350
Check-In: 2.00pm
Check-Out: 10.00am
Discover luxury accommodation on the Hobart waterfront at MACq 01. Each of the 114 rooms reflects uniquely Tasmanian character traits in surroundings of unpretentious luxury. Clad in white cypress, overlooking the Derwent River and Mount Wellington and billed as a storytelling hotel, characters from the past and more recent history have been assigned to all rooms in the hotel described as "informal luxury" on Macquarie Wharf where the whaling industry once thrived.
Cancellation policy:
Cancellations received on or after 9 August 2019 will incur the full accommodation amount. This includes any modifications to bookings and no shows.
Hotel guests will be subject to the cancellation policy of their nominated hotel. Please refer to the cancellation policy outlined for your preferred property.
We encourage delegates to book accommodation well in advance as hotels impose strict release dates for block accommodation bookings, all rooms are released 30 days prior to the meeting and therefore accommodation bookings requested after 9 August 2019 will need to be secured by delegates through the hotels directly.
Either one night's accommodation rate or a credit card is required to secure your room. Please note bookings that have not advised either method by 9 August 2019 will be cancelled. Delegates are required to settle their own accounts including incidentals incurred upon check out. This deposit or your credit card guarantee will be forwarded on to the hotel. The hotel at their discretion will deduct the guarantee from your credit card.
Amendments to Booking
Amendments to accommodation including hotel preference, check in/out dates and room type will only be accepted in writing.
Early Arrival or Late Departure
Requests for early check in or late check out must be advised in writing to Encanta Event Management. Please note that early check-in may require the booking of an additional room night prior to guarantee immediate access to the hotel room.


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We need to undertake some essential maintenance to our systems today from 5:30pm until approximately 6:30pm. There are likely to be disruptions to our websites during that time. We apologise for any inconvenience this may cause.
In this blog I present two fictional scenarios that could force Insolvency Practitioners dealing with banks into potential ethically difficult decisions. Professionals will say that this sort of problem comes with the territory and that they are driven purely by their statutory duties as Liquidators / Administrators or Supervisors.
As Administrators, for example, there are duties to secure the best possible outcome (not necessarily the highest dividend) for all creditors. Administrators also act as officers of the court and are bound by legal conventions such as obtaining the best possible price for assets sold and by Agency – not making a secret profit etc. as well as by the terms of their license (blogs passim). Throw into this mix that Insolvency Practitioners are mostly commercially motivated, often associated with accounting firms and so, seek to nurture their relationships and markets to secure future appointments…
In a small, specialist, engineering firm the managing director and major shareholder is found to have been withdrawing cash from the business to fund his luxury lifestyle. The business has entered Administration with large debts to HMRC, trade creditors and to the bank. The Administrator has found evidence to show that some of the cash withdrawals were potentially fraudulent but the successful sale of the business to a new consortium, which includes the current owner, would fail if the owner were to be reported for possible disqualification as a director.
The Administrator must weigh the good chance of repaying creditors with the small likelihood of securing a successful disqualification.
In a medium sized hotel company in Administration the outcome for the bank, as secured creditor, is only partial repayment of its debt. Unsecured creditors will receive nothing. In such a situation the secured creditor will be asked to guarantee the Administrator's fee (as outlined in the 2010 Office of Fair Trading report on the market for corporate insolvency). As the OFT report notes, the efficiency of the Administrator is likely to be managed carefully by the bank as every penny paid as a fee is one penny less in bank repayment.
However, the Administrator discovers that several of the long-term hotel loans were accompanied by mis-sold interest rate swap products. A successful compensation claim against the bank could not only repay the bank in full but also deliver a dividend to unsecured creditors. The bank, of course, may be none too happy with the Administrator and choose not to offer future appointments if it is sued for compensation.
OFT(2010) The market for corporate insolvency practitioners: a market study [pdf]. Available at: http://webarchive.nationalarchives.gov.uk/20140402142426/http:/www.oft.gov.uk/shared_oft/reports/Insolvency/oft1245