HSBC is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China.
HSBC was established in 1865 to finance trade between Europe and Asia. For over 150 years we have connected customers to opportunities. We enable businesses to thrive and economies to prosper, helping people to realise their ambitions
HSBC was born from one simple idea – a local bank serving international needs. In March 1865, HSBC opened its doors for business in Hong Kong, and today we serve around 46 million customers in 71 countries and territories.
The experiences of the past 150 years have formed the character of HSBC. A glance at our history explains why we believe in capital strength, in strict cost control and in building long- term relationships with customers. HSBC has weathered change in all forms – revolutions, economic crises, new technologies – and adapted to survive. The resulting corporate character enables HSBC to meet the challenges of the 21st century.
Product & Service
1. Overdraft Protection 2. Checking 3. Saving 4. Certificate of Deposit 5. Credit Cards 6. Debit Cards
Risk of HSBC
Foreign exchange risk
The most common causes of foreign exchange risk are:
making overseas payments for your imports that are priced in a foreign currency
receiving foreign currency for your exports.
For example, if you plan to import $100,000 worth of stock from a supplier in the Far East in three months' time. If you simply wait and buy your US dollars in three months when you need to make payment, you have no idea how much that stock will cost you in sterling because of FX fluctuations.
Failing to protect against movements in foreign exchange rates effectively means buying or selling without having agreed a price in sterling.
Other causes of foreign exchange risk are:
foreign currency borrowing or deposits
overseas subsidiaries
assets located overseas.
How we can help to manage your foreign exchange risk
Our specialist Global Markets team will work with you to develop a four-point plan to help minimise your foreign exchange risk and protect your profitability.
Understand your exposures
Understand the solutions
Develop a strategy
Chapter 6
Conclusion
Every business has some degree of risk to it. It is important for you to think through and outline possible risks in your company. This will demonstrate that you understand the risks and, to the extent that you can, have made allowances for them. Detail how you plan to minimize or address the risks inherent to your business. Remember that the most important reason for writing a business plan is that it is an important tool to help you start and manage your business. Feel free to incorporate all identified risks within their respective sections of your business plan and make them clearly understood by any perspective reader of your business plan. For example, you can discuss human resource risks such as not being able to find skilled labour. Be honest about your risks and take them seriously because you can avoid many problems by thinking ahead.
Consider the following:
1. What are the possible risks within your industry? What are the possible health and safety risks in your business/work site?
2. What if you discover that the business you bought carried liabilities? For example, what if the business you leased or bought has an outstanding balance in its account with your provincial workers' compensation board/commission?
3. What if the demand for your goods or services decreases? 4. What if the number of competitors increases?
5. What risks do you face in producing your product or service? 6. What risks do you face with the marketing plan you have outlined?
7. What if your major ad campaign turns sour?
8. What human resources risks do you face? Consider your management team, advisors and your employees.
9. What if your key employees quit? What if they get seriously hurt on the job?
10. What if you run out of cash? Where else would you go?
11. What if your major supplier has financial difficulties? What other suppliers exist?
12. What, if any, environmental risks does your product or service face? Do they conform to environmental rules of government, municipality, etc.?
Having considered the risks and your ability to deal with them, what's the verdict? Remember, your business plan should be as vital and strong as the dream you have for your company. Clearly restate the goals and objectives for your business. If the purpose of your business plan is to get financing - state the amount required and what it will be used for. Your conclusion section should be concise, clear and leave a positive impression.
To see the Risks & Conclusions section of a sample business plan, click on any of the company logos below:
Chapter 7
7.Bibliography
1. https://en.wikipedia.org/wiki/risk-management-in Indian-banks 2.1.pape.ssm / com/ so13/ papers .cfm? abstract-id=2172016
2.2http//www.zoinsbank.com//treasury-management/risk-management/international-banking-jsp 3. gradestack.com/blogs/what is-risk-management-in-indian-banking-sector-and-the-role-of-irbi/ 4. https://www-google.coin/search?q=image+management&tbm=isch&imgel 5.www.investoPeDIA.com 6. https://www.google.co.in/search?q=types+of risk+of+image&thm=idch&imgil-0420ho7h- pleM%2525318GtgxLRvmrM%25Bhttp%25253Ahttp%25251=kalyn-city.blogspot. 7. https//www.portlandaragen.gov/bibs/article/321711? 6. ofv.sa.gov.au/-data/assets/pdf-file/0004/8464/risk-management-workbook.pdf 7.www,tes.com/sitecollectiondocuments/case%20studies/bancs-case-sbi.pdf 8.www.slideshare.net/Llmarketingsolutions/hsbc-case-study 9.globelink.ca/case-study-hsbc/ 10.www.rbcroyalbank.com/business/starting-abusiness/risk.html.