The most progressive form of trust management are PAMM accounts. These are special systems that allow to automate the process of transferring funds to the management and distribution of profits and losses in proportion to the invested capital.
The funds are transferred to the managing trader who performs Forex trading with their help. Continue reading
Captive banks are created by financial and industrial groups or individuals to serve, first of all, their own organization. From English captive translated as “caught”, “prisoner”. Still such banks name pocket. Captive banks are less universal in terms of turnover and customer base. They can serve even a single client – their founder. Profit from banking is a secondary task for captive banks. Their main goal – the distribution of internal funds of the organization, as well as attracting third-party funds. Continue reading
How do you earn, and how do bookmakers do it?
earnings on bets Let’s give an uncomplicated example. Suppose you bet one dollar and claim that a certain sports team will win the competition. Another person likewise bets a dollar, but says that your team will lose, and her opponent, on the contrary, will take all the laurels for himself. The sum of the bets is two dollars. If you win, the bookmaker will pay you one dollar and ninety cents, your opponent will be left with no money at all. Thus, the bookmaker took a dime, if we add a few zeros to this number, taking into account the total amount of bets, then the amount of earnings of the office will be rather big. Continue reading