TessMore Finance Blog

YZJ Financial Holdings is a leading financial services company offering customers various products and services.  With a history spanning more than a decade, the company has become a significant player in the financial industry.  In this article, we’ll take a closer look at the history, products and services, financial performance, industry trends and challenges, and future outlook of YZJ Financial Holdings. History of YZJ Financial Holdings Founded in 2010, YZJ Financial Holdings started as a small financial services firm, offering customers various products and services. Over the years, the company has expanded its offerings and grown in size, becoming a major player in the financial industry.  The company’s initial focus was on investment banking, particularly underwriting and securities trading.  As the company grew, it expanded into other areas of financial services, including wealth management, asset management, and insurance.  Today, YZJ Financial Holdings is a well-estab

What is Payment-in-Kind? Payment-in-Kind (PIK) is a type of financial arrangement where a borrower can pay interest on a loan with additional debt instead of cash. In other words, the interest owed is added to the loan’s outstanding principal balance, effectively increasing the amount that the borrower owes. This payment is usually made when the borrower needs to pay cash interest and principal costs. It is often used as financing for highly leveraged or financially distressed companies. PIK is a high-risk loan structure typically only available to borrowers with high credit risk. The interest rate on a PIK loan is typically higher than a traditional loan, reflecting the higher level of risk associated with this type of loan. Additionally, the accrual of interest on the loan balance increases the risk of default, which may result in the lender suffering significant losses. It’s important to note that PIK loans are not standard and should be approached cautiously, as they can sig

Over the years, there has been an increasing emphasis on ensuring that companies can regularly draft budgets and ensure that performance metrics are undertaken to facilitate a proper productive culture within an organization that can ensure all budget-related issues are duly solved. In this regard, it is also important to ensure that the budgets are drafted with proper surety and implementation so that the underlying budgeting objectives are duly met. Therefore, given the tantamount importance of budgeting, companies must take this task very seriously and plan their budgeting-related controls well in advance. However, the question that arises when it comes to budgeting is the fact that how often budgets are created and reviewed. It can be seen that budgeting reviews are mostly contingent on the nature of the budget itself, in addition to the respective agreements that are supposed to be drawn when it comes to budget reviews. How Often Should a Budget be reviewed? The simple answe

The lender of last resort is usually central banks that offer loans to banks and financial institutions facing financial difficulty or are considered highly risky. In the United States, the Federal reserve bank acts as a lender of last resort to institutions that do not have alternative means of borrowing. Failing such institutions would negatively impact the economy. Similarly, the Reserve Bank of India holds the position of lender of last resort in India. Recently, a large private bank went into a situation where it had too many bad loans amid cooked books. RBI came into play and provided a line of credit and other assistance to stabilize the financial system. The lender of last resort protects individuals who have deposited funds and prevents customers from withdrawing out of panic from banks with temporarily limited liquidity. Private commercial banks usually do not borrow from lenders of last resort, as that would indicate that the bank is experiencing a crisis of its own or

Cash credit is a short-term financing source for businesses. It works similarly to an overdraft bank facility. It is an important financing source for businesses in managing their working capital requirements. Unlike an overdraft, a cash credit facility requires collateral. The interest charges apply to the portion of credit utilized only. Contrary to a traditional bank loan, the bank does not charge interest on fixed terms or the full borrowing limit. The cash credit limit approval works similarly to that of a secured loan. Important Features of a Cash Credit Facility The cash credit facility is usually awarded to corporate account holders. The working mechanism of cash credit works similarly to that of an overdraft facility. 1) Approval of Cash Credit Banks appraise the cash credit application based on the creditworthiness of the borrower. Credit history, corporate profile, the value of collateral, and income sources play key roles in cash credit approval. Once approved, borr

The Basel Committee on banking supervision started working on an international framework to enhance banking regulatory reforms and mitigate the risks. The Basel Committee started working immediately after the notorious global financial crunch in 2008. The current frame of proposed reforms for the banking industry is called the Basel III (03) or the third Basel accord. It aims to formulate a rigorous regulatory framework internationally agreed upon to mitigate banks’ liquidity and credit default risks. The Basel III accord aims to enhance banking industry security and creditworthiness, mainly addressing liquidity and capital requirements. Basel III is an agreed-upon accord by 28 international countries’ central banks. The current date of implementation of agreed-upon changes is set to January 2022. Its international participation aims to regulate international banks under a common framework and regulatory standards. Banks keep two types of capital, classified into Tier 1 and Tier

The most successful companies in the world were not established overnight. There is always a very long journey for the founders and management of the companies. Similarly, Walt Disney is a name everyone knows as one of the business icons in the world. However, few know about the struggles of Walt Disney, who started the business as a family-owned company. Many people wonder about the history of Walt Disney and how the family-owned company became the leading company venturing into several industries. In today’s article, we will talk about Walt Disney. We will discuss the owners of Disney and everything about the company’s business model. So let’s get into it. Key Takeaways Walt Disney Co. is a global entertainment company based in America founded in 1923. The diversified company is venturing into resorts, parks, media networks, films and movies, cruise lines, and consumer products & services. 35% of the revenues of the company come from Media Networks. The family of Walt

Definition: The term burden rate refers to the allocation rate of indirect costs to direct costs. Usually, it covers two areas, including labor and inventory. Companies allocate indirect costs to the direct costs for products or services through the burden rate. Companies incur indirect costs in many forms. However, these costs may not always be apparent. Companies sometimes also refer to them as hidden costs associated with running operations. Usually, they include unknown variable costs that can create issues in determining product costs. Companies must apply those indirect costs to their direct costs to understand their processes better. Direct costs, in contrast, are much easier to establish. Usually, companies calculate these costs as they incur them during production. Direct costs include any expenses directly occurring due to manufacturing products . For service firms, they consist of costs directly attributable to the process of rendering services. However, these costs do

Online gaming has become one of the new normals for Gen-Z and Millenials. Some research studies showed that 2/3 rd of total participating men play online games, whereas the percentage of women who play online games is around ½. Some of the estimates show that the number of online gamers worldwide is over 1 billion. The leading countries include China, Japan, and South Korea, with the biggest online gaming community of gamers. Women usually use their mobile phones to play games, while men will go for gaming consoles to enjoy a fuller experience. When we talk about online gaming, Steam is the most popular platform. If you were searching for the best video gaming platform and landed on this page, we will tell you everything about Steam. And if you already know about Steam and want to know if Steam supports cash on delivery, you will also get the answer to this question. So let’s get into it. Key Takeaways Steam is a digital storefront of Valve, an American-based game development, p

Looking for rental car insurance and wondering whether USAA offers this service or not? Well, there is no doubt that those who have to rent cars a lot should have insurance. Bad times come unexpectedly, but the damages can be reimbursed if there is rental car insurance. Luckily, USAA does offer rental car insurance. In fact, it is one of the best in the USA as it covers damages (up to your policy limit) and is always quick in response. Furthermore, the company also offers rental car insurance even if you have to travel outside the country. However, there are some problems with USAA Rental car insurance too, which we are discussing in detail here. So, stay till the end. Let’s start. Key Takeaways USAA offers one of the best rental car insurance in all 50 states and also outside the US (in some specific parts only). It covers up to the policy limit in your plan, and the remainder will have to be paid by you. If you pay for the rental using a USAA credit card, then you will also

Raising financially literate kids is important for all parents. Even if your kids are not going to have a career in finance, they must be well-versed in the concepts of personal finance and money. There is no better way to teach your kids about money and finance than by recommending them the best books on these topics. Let’s share our collection of top 10 Books to Teach Children About Money and Finance. 1) Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss by Walter Andal Perhaps one of the best finance books to teach kids about the essentials is written by Walter Andal. Walter has a background and experience in the finance industry. The writer’s inspiration for this book came from the illiteracy of his children about basic money and finance concepts. The book aims to develop the most basic money concepts in an easy-to-understand manner. The writer argues that this book cannot transform kids into investors or experts in finance. However, this book is an excellent