Liquidity – Beacon at Bangsar http://beaconatbangsar.com/ Fri, 21 Jan 2022 09:02:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://beaconatbangsar.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Liquidity – Beacon at Bangsar http://beaconatbangsar.com/ 32 32 American Coin Deposits on Atlantis Liquidity Pool Break $1,000,000,000,000 AC within Hours https://beaconatbangsar.com/american-coin-deposits-on-atlantis-liquidity-pool-break-1000000000000-ac-within-hours/ Fri, 21 Jan 2022 08:02:37 +0000 https://beaconatbangsar.com/american-coin-deposits-on-atlantis-liquidity-pool-break-1000000000000-ac-within-hours/

SEATTLE, WA, January 21, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that the over $1 trillion American Coin Funds (“AC”) have joined the American Coin Liquidity Pool (“LP”) on its platform in less than 24 hours from the opening of the LP.

Data from BscScan shows that over $1 trillion in US coins moved to Atlantis Exchange as of the end of Thursday, January 20, 2022. For more details, see: https://bscscan.com/token/0xc577b6599234b5b29e602aeb5bc6eeab333829a3

Prior to the publication of this news, hundreds of users from dozens of countries have successfully joined its AC Liquidity Pool. Funds blocked by LP exceeded C$1,000,000,000,000. More than one million AC holders are about to transfer their funds to Atlantis Exchange.

According to Atlantis Exchange, any natural or legal person can join the Atlantis Liquidity Pool, which allows them to receive their LP rewards monthly with an APY of up to 12% per year. Obviously, the ROI of such LP-based passive income is still about 100 times higher than a US bank deposit.

The crypto market has been bearish since the beginning of 2022. It will be the best option for CA holders to join the Atlantis liquidity pool and earn stable income based on their digital assets instead of trading with losses.

A great opportunity presented itself. Hurry up and grab it, friends and colleagues!

American Coin (“AC”) is a 100% GREEN, high-speed cryptocurrency designed for commercial and cross-border payment purposes. Its official page is the 4th largest page in the world in the blockchain space through the Facebook platform. Additionally, it has been selected by a law firm in the United States for client payments for legal services since the summer of 2021. It is the first cryptocurrency in the world to be accepted by a law firm lawyers as a payment instrument like the US dollar.

White paper: https://ac.americancoin.app/white-paper
Facebook: https://www.facebook.com/AC10001
Twitter: https://twitter.com/AmericanCoin800

Launched on October 25, 2021, Atlantis Exchange is a high-tech, high-speed blockchain-based cross-chain platform that allows global users to easily buy, sell, store and earn cryptocurrencies and fiat money based on its secure website and smart phone apps. It has grown rapidly since then. For example:

1) Millions of cryptocurrency enthusiasts and holders from over 100 countries around the world have joined Atlantis Exchange.

2) As of January 20, 2022, its website’s global ranking has risen to #38,563 among over 1,700,000,000 existing websites on the Internet. That being said, https://AtlantisCEX.com has become one of the most successful websites for its rapid growth and popularity in the world.

3) As of January 20, 2022, its official page is the 9th largest page in the world in the blockchain space through the Facebook platform.

For more information about Atlantis, please see the following links:

Website: https://atlantiscex.com/r/A0031010177
Facebook: https://www.facebook.com/AtlantisCEX
Twitter: https://twitter.com/AtlantisCEX


Press release service and press release distribution provided by http://www.24-7pressrelease.com

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Auction.com, LLC — Moody’s affirms Auction.com’s B3 CFR and downgrades first lien secured rating to B3; outlook stable https://beaconatbangsar.com/auction-com-llc-moodys-affirms-auction-coms-b3-cfr-and-downgrades-first-lien-secured-rating-to-b3-outlook-stable/ Wed, 19 Jan 2022 01:58:03 +0000 https://beaconatbangsar.com/auction-com-llc-moodys-affirms-auction-coms-b3-cfr-and-downgrades-first-lien-secured-rating-to-b3-outlook-stable/

Rating Action: Moody’s affirms Auction.com’s B3 CFR and downgrades first lien secured rating to B3; outlook stableGlobal Credit Research – 18 Jan 2022New York, January 18, 2022 — Moody’s Investors Service (“Moody’s”) affirmed Auction.com, LLC’s (“Auction.com”) B3 corporate family rating (“CFR”) and B3-PD probability of default rating (“PDR”). Concurrently, Moody’s downgraded Auction.com’s first lien secured rating to B3 from B2. The outlook is stable.In the third quarter of 2021, the company raised $300 million of non-convertible senior preferred equity and $500 million of convertible junior preferred equity. The proceeds were used to repay the existing $110 million senior secured second lien term loan, pay down the fully drawn $45 million revolver, fund a $500 million dividend to existing shareholders, and pay related fees and expenses. The remaining proceeds were added as cash to the balance sheet. The first lien secured term loan and revolver will no longer benefit from the subordinated debt cushion that the second lien debt provided and, as a consequence, the first lien instrument ratings are aligned with the B3 CFR.Governance considerations for this action include private equity ownership and a financial strategy prioritizing shareholders’ returns as evidenced by the use of proceeds largely being used to pay a $500 million dividend. These risks are somewhat offset by an improved liquidity position with cash being added to the balance sheet and the full paydown of the second lien debt and revolver, which will lead to a reduction in leverage and lower interest payments (approximate reduction of $1 million per month).Affirmations:..Issuer: Auction.com, LLC…. Corporate Family Rating, Affirmed B3…. Probability of Default Rating, Affirmed B3-PDDowngrades:..Issuer: Auction.com, LLC ….Senior Secured First Lien Bank Credit Facility, Downgraded to B3 (LGD3) from B2 (LGD3) Outlook Actions: ..Issuer: Auction.com, LLC ….Outlook, Remains Stable RATINGS RATIONALE In an effort to support homeowners hurt by the coronavirus outbreak, a series of federal and state programs were introduced since the onset of the pandemic that included forbearance and foreclosure relief. The foreclosure moratorium, which expired on July 31, 2021, and eviction moratoriums, which expired on October 2, 2021, reduced the transaction pipeline moving into Auction.com’s foreclosure auctions stage. Auction.com’s revenue, earnings and cash flows temporarily diminished materially as a result, but revenues have increased on a monthly basis by 50% in the fourth quarter of 2021. Despite the foreclosure moratorium expiration, Moody’s expects revenue and earnings pressure to continue until foreclosure volumes reach pre-pandemic levels again, which the company expects will be in the third quarter of 2022. Assuming a gradual volume recovery and return to pre-pandemic levels by the third quarter of 2022, Moody’s expects Debt/EBITDA will decline to below 8x by FYE2022. (All metrics cited include Moody’s standard adjustments unless noted otherwise. EBITDA and EBITA are also adjusted to include the expensing of capitalized software costs.) For FYE2023, Moody’s expects that a full year of pre-pandemic foreclosure volumes further supported by the continued secular shift of foreclosures to online auctions will result in revenue greater than FYE2019 levels and leverage declining below 5x.Auction.com’s B3 CFR reflects the company’s status as a category leader in a niche market and its consistent performance despite ongoing market pressures, balanced by its still high regulatory risk. Moody’s expects that the secular shift of foreclosures to online auctions and a return to pre-pandemic foreclosure volumes by the third quarter of 2022 will support profitability and earnings growth for Auction.com after a period of near-term earnings pressure. Governance risks that Moody’s considers in the company’s credit profile include an aggressive financial strategy that exposes the company to event risk and a high likelihood of periodic releveraging to support sponsor returns under private equity ownership.Moody’s views Auction.com’s liquidity as very good, largely supported by the company’s cash on hand ($285 million as of September 30, 2021) and a lack of funded debt maturities until 2024, but constrained by diminished cash flows that are not expected to recover to pre-pandemic level until at least late 2022. The company’s cash balances, internally generated cash flow from the real estate owned (“REO”) auction business in combination with cost savings, are more than sufficient to support possible operating losses and earnings volatility as foreclosure volumes recover to pre-pandemic levels. Auction.com’s debt service consist of $4.5 million first lien debt amortization as well as interest payments.The company’s $45 million revolver, which expires on September 29, 2022, was fully drawn as of September 30, 2021 but was fully repaid in January 2022. The revolver has a springing maximum first lien net leverage ratio of 6.75x when the revolver is more than 35% used. Given the generous EBITDA add-back in the covenant leverage ratio calculation, Moody’s expects the company will have sufficient cushion over the requirement in the next 12-18 months. Moody’s also anticipates that Auction.com will take the necessary steps to extend the revolver’s maturity ahead of its expiration date.The B3 rating of the senior secured first lien credit facility, consisting of a $45 million revolving credit facility expiring September 2022 and a $433 million term loan B due September 2024, reflects a PDR of B3-PD and a loss given default (“LGD”) of LGD3. The senior secured first lien rating is in line with the B3 CFR and reflects its position as the vast majority of debt in the capital structure. Moody’s does not include the $300 million of non-convertible senior preferred equity and $500 million of convertible junior preferred equity in the Loss Given Default assessment or for analytical credit metrics.The stable outlook reflects Moody’s expectation of a rebound in operating performance in 2022 as foreclosure volumes return to pre-pandemic levels. The stable outlook also incorporates Moody’s expectation that the company will maintain at least adequate liquidity, generate break-even to positive cash flow and maintain strong cash balances over the next 12 months.FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGSThe ratings could be upgraded if Auction.com demonstrates sustained Debt/EBITDA of under 4.0x (Moody’s adjusted) and sustained free cash flow-to-debt in the mid-single digit percentage range while maintaining good liquidity. Achieving a greater scale as measured by revenue and demonstrated ability to sustain profitable growth through real estate cycles would also be viewed positively for the ratings.The ratings could be downgraded if free cash flow is negative for an extended period of time without supporting liquidity or Moody’s no longer expects a significant rebound in operating performance and EBITDA to occur this year. A significant market share loss, debt financed shareholder distributions or acquisitions, or a loss of a significant customer could also likely lead to a downgrade.The principal methodology used in these ratings was Business and Consumer Services published in November 2021 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1287897. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Auction.com, LLC provides asset sale services for the US residential real estate markets. The company enables auction-based sales of bank-owned and foreclosure residential properties using either the company’s online transaction site or via live local auctions in counties throughout the US. The company is majority-owned by affiliates of Thomas H. Lee Partners L.P. and co-investors. Revenue for the twelve months ended September 30, 2021 was about $88 million.REGULATORY DISCLOSURESFor further specification of Moody’s key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody’s Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody’s rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider’s credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.These ratings are solicited. Please refer to Moody’s Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.Moody’s general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.At least one ESG consideration was material to the credit rating action(s) announced and described above.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody’s affiliates outside the EU and is endorsed by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Art.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. Further information on the EU endorsement status and on the Moody’s office that issued the credit rating is available on www.moodys.com.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody’s affiliates outside the UK and is endorsed by Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the UK. Further information on the UK endorsement status and on the Moody’s office that issued the credit rating is available on www.moodys.com.Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody’s legal entity that has issued the rating.Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating. Sean Cray Analyst Corporate Finance Group Moody’s Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Karen Nickerson Associate Managing Director Corporate Finance Group JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Releasing Office: Moody’s Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. 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Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. MOODY’S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY’S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY’S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY’S.To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moody’s Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $5,000,000. MCO and Moody’s Investors Service also maintain policies and procedures to address the independence of Moody’s Investors Service credit ratings and credit rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold credit ratings from Moody’s Investors Service and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY’S affiliate, Moody’s Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). This document is intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to MOODY’S that you are, or are accessing the document as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to “retail clients” within the meaning of section 761G of the Corporations Act 2001. MOODY’S credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors.Additional terms for Japan only: Moody’s Japan K.K. (“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody’s Group Japan G.K., which is wholly-owned by Moody’s Overseas Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan K.K. (“MSFJ”) is a wholly-owned credit rating agency subsidiary of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Therefore, credit ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit Ratings are assigned by an entity that is not a NRSRO and, consequently, the rated obligation will not qualify for certain types of treatment under U.S. laws. MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY100,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. ​

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Societe Generale: Press release regarding executed https://beaconatbangsar.com/societe-generale-press-release-regarding-executed/ Mon, 17 Jan 2022 16:45:23 +0000 https://beaconatbangsar.com/societe-generale-press-release-regarding-executed/

PRESS RELEASE CONCERNING TRANSACTIONS CARRIED OUT AS PART OF A SHARE BUYBACK PROGRAM (EXCLUDING LIQUIDITY CONTRACTS)

Regulated information

Paris, 17 years oldand January 2022

(In accordance with Article 5 of Regulation (EU) No 596/2014 on market abuse and Article 3(3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/ 2014 by a regulatory technical standardDs concerning the conditions applicable to buyback programs and stabilization measures)

After having obtained all the necessary authorizations from the supervisory authorities, Societe Generale launched, on December 20, 2021, an ordinary share buyback program of 5,534,365 Societe Generale shares in order to cover and honor the free allocation plan shares for the benefit of Group employees and corporate officers .

This share buyback ended on 14and January 2022.

The liquidity contract entered into with Rothschild had been temporarily suspended for the duration of the takeover.

Issuer name: Societe Generale – LEI O2RNE8IBXP4R0TD8PU41

Financial instrument reference: ISIN FR0000130809

Period: From January 10 to 14, 2022

Purchases made by Sociandyouand gandnotandrattle during period

Agpresentation aggregated by day and by market

Transmitter Last name Transmitter code (LEI) Transaction date ISIN code Total daily volume (in number of shares) Daily weighted average price of shares acquired Platform
SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 01/10/2022 FR0000130809 284,500 33.2145 XPAR
SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 01/11/2022 FR0000130809 284,660 33.1176 XPAR
SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 01/12/2022 FR0000130809 286,500 33.4744 XPAR
SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 01/13/2022 FR0000130809 285,200 33.8929 XPAR
SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 01/14/2022 FR0000130809 285 190 34.1317 XPAR
TOTAL 1,426,050 33.5665

Detailed presentation by operation

The detailed presentation by operation is available in Chapter 6 Description of buyback programs, share buyback reports and statements of the liquidity contract: https://investors.societegenerale.com/fr/base-documentaire?search=&theme=information-reglementee&category=&year=&op=Filter

Press contacts:

Society General

Societe Generale is one of Europe’s leading financial services groups. Relying on a diversified and integrated banking model, the Group combines financial solidity and proven know-how in terms of innovation with a strategy of sustainable growth. Committed to the positive transformations of societies and economies around the world, Societe Generale and its teams seek to build, day after day, with its clients, a better and sustainable future through responsible and innovative financial solutions.

Active in the real economy for more than 150 years, firmly established in Europe and connected to the rest of the world, Societe Generale has more than 133,000 employees in 61 countries and supports 30 million individual, corporate and institutional clients on a daily basis. investors around the world by offering a wide range of advisory services and tailor-made financial solutions. The Group relies on three complementary businesses:

  • Retail banking in France which brings together the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the forefront of digital innovation;
  • International Retail Banking, Insurance and Financial Services to Companies, with networks in Africa, Russia, Central and Eastern Europe and specialist companies that are leaders in their markets;
  • Global Banking and Investor Solutions, which offers recognized expertise, key international locations and integrated solutions.

Societe Generale is part of the main socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes , and the MSCI Low Carbon Leaders Index (World and Europe).

If in doubt about the authenticity of this press release, please go to the end of the Societe Generale press room page where official press releases sent by Societe Generale can be certified using the blockchain technology. A link will allow you to verify the legitimacy of the document directly on the web page.

For more information, you can follow us on Twitter @societegenerale or visit our website www.societegenerale.com.

  • PR Societe Generale 17-01-2022

]]> Is the IMF ready for the next emerging market debt crisis? https://beaconatbangsar.com/is-the-imf-ready-for-the-next-emerging-market-debt-crisis/ Sat, 15 Jan 2022 20:00:07 +0000 https://beaconatbangsar.com/is-the-imf-ready-for-the-next-emerging-market-debt-crisis/

It is said that financially troubled emerging market economies approach the International Monetary Fund (IMF) for its conditional loans with as much enthusiasm as a patient visits his oncologist.

This explains why, over the past two years, emerging market economies devastated by the pandemic have borrowed relatively little from the IMF. With the world awash with cash following massive note printing by the Federal Reserve and the European Central Bank, why should they have to submit to IMF conditionality when they could finance themselves so easily on the international capital market?

With the Federal Reserve now on the cusp of a credit tightening cycle to put the US inflation genie back in the bottle, all of that is about to change for emerging economies. In a more difficult economic and international liquidity environment, they will need very substantial financing from the IMF to cover their deficits and repay their creditors.

A key question in 2022 will be whether the IMF will be adequately funded and whether it will have learned from its ill-fated past large-scale lending programs to Argentina and Greece to play its role as lender of last resort effectively. to emerging markets.

The main reason to believe that the international borrowing environment will soon deteriorate is that the world’s major central banks will have to start raising interest rates seriously to curb inflation. This is especially the case when you consider that interest rates have been allowed to get so negative in inflation-adjusted terms. With consumer price inflation in the United States now runs at about 7% and with policy rates close to their zero limit, the Fed will have to do a lot of hard work to get inflation under control.

If the Fed is indeed to raise interest rates this year by more than three times what it currently anticipates, one should expect a strong capital inversion away from emerging market economies, as happened during so many previous Fed tightening cycles. Emerging market economies may also find that they will have to deal with lower international commodity prices and tougher export markets if Fed interest rate hikes derail the global economic recovery in bursting the current asset price and credit market bubbles.

Still in the midst of the pandemic, public finances in emerging markets seem particularly vulnerable to a deterioration in the economic environment and global financial markets.

This likely means that emerging market economies will soon face severe balance of payments pressures as domestic and foreign investors question these countries’ public finances and send their money overseas. This is likely to prompt many countries to come knocking on the doors of the IMF for large bailout loans, as they are rejected by the international capital market.

A serious problem for the IMF is that the renewed demand for its large-scale support will become at the same time that the IMF will have difficulty in being reimbursed by Argentina, beneficiary of the Biggest IMF loan ever. This is sure to raise questions about the IMF’s assertion that it is not putting American taxpayers’ money at risk as well as the IMF’s lack of success in its previous large-scale lending programs with countries like Argentina and Greece.

If the IMF is to receive from its members the financial support necessary to carry out effectively its role as lender of last resort to the world economy, it will have to give assurances that it will avoid repeating the mistakes of its previous large-scale lending. In particular, he will have to explain how he will ensure that there are adequate controls to prevent his money from being used to finance capital flight or to bail out private creditors when the country might have a solvency problem as opposed to to a liquidity problem.

Especially now that emerging market economies represent about half of the world economy, it is to be hoped that the IMF will be able to make amends in such a way as to reassure its main shareholders. Because if ever the world will need the IMF to help manage a global emerging market debt crisis, it will likely be in the next round of global liquidity tightening.

Desmond Lachman is a Senior Fellow at the American Enterprise Institute. He was previously Deputy Director of the Policy Development and Review Department at the International Monetary Fund and Chief Emerging Markets Economic Strategist at Salomon Smith Barney.

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Trust Asset Management announces the launch of TrustMF Overnight Fund https://beaconatbangsar.com/trust-asset-management-announces-the-launch-of-trustmf-overnight-fund/ Fri, 14 Jan 2022 08:35:06 +0000 https://beaconatbangsar.com/trust-asset-management-announces-the-launch-of-trustmf-overnight-fund/

Trust Mutual Fund has announced the launch of its new fund offering (NFO) – the TrustMF Overnight Fund which aims to provide reasonable returns matching overnight call rates and to provide a high level of liquidity, through investments in overnight securities with a maturity / unexpired maturity of 1 business day.

The NFO will be open for subscription from 17 January 2022 and will close the following day on 18 January 2022. The Fund will be managed by Anand Nevatia, Fund Manager, Trust Mutual Fund. This is the fourth launch of Trust Mutual Fund.

Highlights

Investment in high quality overnight securities, therefore no impact on the MTM

Minimum credit, interest rate and liquidity risk

Highest liquidity with no exit load

Ideal for short-term/emergency cash parking for a holding period of up to 7 days

Sandeep Bagla, CEO of Trust Mutual Fund, said: “Overnight funds have become one of the safest ways for companies to park their excess cash. TrustMF Overnight Fund thus offers companies a low-risk option to invest their funds, which can be easily withdrawn as and when cash is needed.

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Posted: Friday, January 14, 2022, 2:05 PM IST ]]> West China Cement Limited — Moody’s revises West China Cement’s outlook to stable, affirms Ba2 corporate family rating https://beaconatbangsar.com/west-china-cement-limited-moodys-revises-west-china-cements-outlook-to-stable-affirms-ba2-corporate-family-rating/ Wed, 12 Jan 2022 08:26:21 +0000 https://beaconatbangsar.com/west-china-cement-limited-moodys-revises-west-china-cements-outlook-to-stable-affirms-ba2-corporate-family-rating/

Rating Action: Moody’s revises West China Cement’s outlook to stable, affirms Ba2 corporate family ratingGlobal Credit Research – 12 Jan 2022Hong Kong, January 12, 2022 — Moody’s Investors Service has affirmed West China Cement Limited’s (WCC) Ba2 corporate family rating (CFR) and senior unsecured rating.At the same time, Moody’s has revised the rating outlook to stable from positive.”The outlook change to stable reflects our expectation that WCC’s expansion strategy in Africa will elevate its leverage over the next 12-18 months beyond our earlier forecast, amid business volatility during its execution,” says Roy Zhang, a Moody’s Vice President and Senior Analyst .”The risks are balanced by the company’s healthy cash flow generation from the domestic market and adequate liquidity. WCC will likely maintain its strong liquidity and moderate leverage, as measured by debt to EBITDA, below 3x over the next 12-18 months. This leverage level is in line with its rating category, and hence the rating affirmation at Ba2,” adds Zhang.RATINGS RATIONALEWCC’s Ba2 CFR reflects the company’s dominant market share in cement production in central and southern Shaanxi Province.The rating also considers WCC’s business synergies with Anhui Conch Cement Company Limited (Anhui Conch, A2 stable). Anhui Conch has increased its shareholding in WCC to 27.1% as of the end of 2021, from 21.1% as of the end of 2020.At the same time, WCC’s rating is constrained by the cyclical nature of the cement industry, the execution risks in its expansion, its developing operating scale, and limited diversification in terms of product and market coverage.These risks are partially tempered by favorable industry conditions in WCC’s markets, where cement supply is constrained due to regulatory and environmental factors. Such restrictions help balance the supply and demand for cement, supporting high cement prices.WCC’s expansion strategy in the African market, if executed successfully, will improve the company’s business profile, in terms of operating scale and market diversification. However, the strategy requires significant investment and carries execution risks.Moody’s expects WCC to prudently manage its balance sheet by funding the project with a pre-funded USD bond issuance and internal cash flow, such that the expansion will not have a material impact on the company’s leverage and liquidity.Nevertheless, given the high business volatility facing its African projects and moderating domestic demand, Moody’s expects company’s leverage will likely not stay below 2.0x over the next 12-18 months, resulting in the rating agency’s decision to revise the outlook to stable.WCC’s liquidity is good. The company had cash and cash-like sources of about RMB1.9 billion as of the end June 2021. This, together with its strong operating cash flow and USD bond issuance, is sufficient to cover its debt maturities and planned capital expenditure over the next 12-18 months.The senior unsecured bond rating on the proposed USD notes is unaffected by structural subordination due to claims at the operating company level. This is because, despite its status as a holding company with a majority of claims at the operating subsidiaries, WCC’s creditors benefit from the group’s highly diversified business profile, with cash flow generation across a large number of operating subsidiaries in different parts of China and overseas, and which mitigates structural subordination risk.WCC’s CFR also considers the following environmental, social and governance (ESG) risks.Globally, the building materials sector has elevated credit exposure to environmental risks, which could be significant for WCC’s credit quality in the next three to five years. China’s cement sector is a major contributor to the country’s carbon emissions and a major emitter of sulfur dioxide, nitrogen oxides and dust. The mining and manufacturing processes for cement production is energy intensive, given their large consumption of coal, electricity and water.WCC has upgraded its production lines to meet higher emission standards, and has implemented measures to increase energy efficiency and reduce dust and carbon emissions. As the local industry leader, WCC continues to invest in equipment and processes to manage the environmental risks. The company will benefit from tightened environmental standards in China as the cement industry consolidates.In terms of corporate governance, the company was 32.3% owned by its founder and chairman, Zhang Jimin, as of the end of 2021. This concentrated shareholding risk is partially tempered by WCC’s listing status and the fact that Anhui Conch, which held a 27.1% stake in the company as of the end of 2021, has two seats on its board.FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGSThe stable rating outlook reflects Moody’s expectation that WCC will continue to generate healthy cash flow and maintain prudent financial management and adequate liquidity.Moody’s could upgrade WCC’s rating if the company increases its scale and geographic diversification; and maintains a sound capital structure, such that its debt/EBITDA stays below 2.0x, and adequate liquidity to cover its refinancing, expansion and shareholder distribution.On the other hand, downward rating pressure could emerge if WCC’s financial and/or liquidity position weaken because of falling revenue, rising costs, aggressive acquisitions or unexpected shareholder distributions.Financial indicators of a rating downgrade include debt/EBITDA exceeding 3.0x-3.5x or adjusted debt/capitalization exceeding 50% on a sustained basis.The principal methodology used in these ratings was Building Materials published in September 2021 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1287900. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.West China Cement Limited (WCC) is one of the leading cement producers by capacity in China’s Shaanxi Province. As of the end 2020, the company’s annual capacity was 33.2 million tons. Most of WCC’s plants are located in central and southern Shaanxi Province. As of the end of 2020, the company was 32.3% owned by its founder and chairman, Zhang Jimin, and 21.1% owned by Anhui Conch Cement Company Limited (Anhui Conch). WCC was listed on the Hong Kong Stock Exchange in August 2010.REGULATORY DISCLOSURESFor further specification of Moody’s key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody’s Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody’s rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider’s credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.These ratings are solicited. Please refer to Moody’s Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.Moody’s considers a rated entity or its agent(s) to be participating when it maintains an overall relationship with Moody’s. Unless noted in the Regulatory Disclosures as a Non-Participating Entity, the rated entity is participating and the rated entity or its agent(s) generally provides Moody’s with information for the purposes of its ratings process. Please refer to www.moodys.com for the Regulatory Disclosures for each credit rating action under the ratings tab on the issuer/entity page and for details of Moody’s Policy for Designating Non-Participating Rated Entities.Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.Moody’s general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1288235.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody’s affiliates outside the EU and is endorsed by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Art.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. Further information on the EU endorsement status and on the Moody’s office that issued the credit rating is available on www.moodys.com.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody’s affiliates outside the UK and is endorsed by Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the UK. Further information on the UK endorsement status and on the Moody’s office that issued the credit rating is available on www.moodys.com.Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody’s legal entity that has issued the rating.Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.The first name below is the lead rating analyst for this Credit Rating and the last name below is the person primarily responsible for approving this Credit Rating. Roy Zhang Vice President – Senior Analyst Corporate Finance Group Moody’s Investors Service Hong Kong Ltd. 24/F One Pacific Place 88 Queensway Hong Kong China (Hong Kong S.A.R.) JOURNALISTS: 852 3758 1350 Client Service: 852 3551 3077 Clement Cheuk Yiu Wong Associate Managing Director Corporate Finance Group JOURNALISTS: 852 3758 1350 Client Service: 852 3551 3077 Releasing Office: Moody’s Investors Service Hong Kong Ltd. 24/F One Pacific Place 88 Queensway Hong Kong China (Hong Kong S.A.R.) JOURNALISTS: 852 3758 1350 Client Service: 852 3551 3077 © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. 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Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. MOODY’S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY’S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY’S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications.To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY’S.To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability for any direct or compensatory losses or damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud, willful misconduct or any other type of liability that, for the avoidance of doubt, by law cannot be excluded) on the part of, or any contingency within or beyond the control of, MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with the information contained herein or the use of or inability to use any such information.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any credit rating, agreed to pay to Moody’s Investors Service, Inc. for credit ratings opinions and services rendered by it fees ranging from $1,000 to approximately $5,000,000. MCO and Moody’s Investors Service also maintain policies and procedures to address the independence of Moody’s Investors Service credit ratings and credit rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold credit ratings from Moody’s Investors Service and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY’S affiliate, Moody’s Investors Service Pty Limited ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). 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MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY100,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. ​

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Safari Swap the Next Big Swap for Nature https://beaconatbangsar.com/safari-swap-the-next-big-swap-for-nature/ Mon, 10 Jan 2022 12:00:00 +0000 https://beaconatbangsar.com/safari-swap-the-next-big-swap-for-nature/

SINGAPORE, SINGAPORE / ACCESSWIRE / January 10, 2022 / Safariswap is a new DEFI liquidity pool platform with NFT gamification options for all animal lovers and also offers huge stake rewards. Presales on September 1, 2021 lifted $ 1,000,000 in seed funding and it is based on Binance Smart Chain (BSC). Safariswap has its own safari themed NFTs and Safariswap NFT owners are generously awarded with mystery prizes and good prize appreciation. Its highly optimized and user-friendly game system offers very high return and huge APY if the holders participate in the NFT staking program and also for the users who hold the native SafariSwap token which is the $ NATURE token.

Safariswap has the ultimate goal of becoming the next big DEX on BSC allowing investors to exchange BEP-20 tokens. It also aims to provide opportunities to invest in a diverse ecosystem, own a Nature $ governance token with real utility, and be connected to many upcoming nature projects. As well as feeling great when giving back to nature, you can also earn huge rewards and APYs for being a $ Nature holder.

What is SafariSwap?

SafariSwap is a community-based, community-driven Automated Market Maker (AMM) unlike all other traditional centralized exchanges that still require centralized authority to moderate or approve transactions. On the other hand, SafariSwap uses and is also based on blockchain technology to secure interests. of all its liquidity providers.

SafariSwap’s goal is to create an animal-friendly, animal-lover-based community that will not only work for a sustainable living environment for animals, but also revolutionize wildlife conservation plans and efforts around the world. whole.

With its master and smart contracts built on the Binance Smart Chain (BSC), which is one of the world’s leading providers and pioneers of decentralized exchange technology, SafariSwap is considered one of the fastest, most world’s most secure and secure for liquidity pooling and dex-based operations.

SafariSwap $ Nature Token is a high yield staking LP token that offers rewards to their community or holders through NFT gamification and cash mining. $ Nature not only offers benefits to all token holders who HODL, but it also entices all who participate and will participate in the SafariSwap NFT ecosystem.

In the SafariSwap NFT ecosystem, all holders are eligible for token exchanges with the new NFTs that will be launched; they are also entitled to upgrades to the NFTs they own. All holders. All holders who bet or HODL will earn rewards, get high AYP and appreciations in the token price growth. If there are any holders looking to invest and earn massive rewards through passive income, SafariSwap’s massive rewards pool model should be an integral part of those investors’ strategy.

Possibility of more than 500% return on potential capital in one month

SafariSwap, the platform that uses Decentralized Finance (DeFi) technology to support nature conservation initiatives, now has a wider offering than ever to reward new users and its community. SafariSwap has grown rapidly to become one of the fastest growing cash pools. Its audited smart contract currently contains more than $ 800,000 in stranded cash until at least March 31, 2022 – a revealing and generous amount that may be worth watching and contributing. The mechanism behind SafariSwap’s system is simple: improving the value of its Liquidity Provider (LP) tokens through gamification and community building, while also contributing to conservation efforts and nonprofit movements. The current estimated price of $ 1 Nature is $ 2. Based on this value, one can earn over 100% capital gains in just one month with an investment of $ 1,000. More than 500% of capital gains in a month and a sudden retirement. It’s no wonder people are quickly diversifying their wallets to include SafariSwap tokens.

Holders of Safariswap NFT are very generously rewarded with mystery prizes and good prize appreciation. Its highly optimized and user-friendly game system offers very high return and huge APY if the holders participate in the NFT staking program and also for the users who hold the native SafariSwap token which is the $ NATURE token.

If you refer to 10 people, you can get $ 45 which equals the average salary in some countries like Thailand, Indonesia, Vietnam, and the Philippines. If you refer to a hundred people, you can get $ 450 which is equivalent to the average salary in some countries like Indonesia, Vietnam, and the Philippines. Imagine the impact that referrals can have on their life? And when they invest, they can even earn or get 500% apy. And it’s flexible. If you want to take it down you can sell it anytime and just join and participate in our project and staking and you will earn $ 2 as a gratitude. Imagine what you could get in your country for $ 2? It can mean a one-time meal and it can be done with just one click. What can a person do through SafariSwap?

Imagine when someone invests a certain amount and the prices increase by $ 0.04 per token and when the entire Safariswap community puts in a collective effort to publicize this price increase of $ 0.04 can turn out to be be an increase of $ 0.4 per token and with our launch price set at $ 2 per token this will result in a 20% increase in the price of the token and also a 20% increase in the total capital invested by you.

Some studies have shown that other parts have already done this, which means we can do it too! Everyone participates and pushes him to the moon. Find similar tokens that started around a dollar price and later went on to a multiple price hike. What would the scenario be if you all had the opportunity to invest in a similar scenario. SafariSwap can be your option where you can invest in the early stages and get a high APY and also take advantage of the multiple increase in the token price.

SafraiSwap announced charity giveaway to Re: wild via Giving Block

Safariswap aims to give back to various wildlife conservancies through the bi-monthly Giving Block. He is committed to giving back to $ 100,000 in Nature tokens in 2022 and continue to increase this amount on an annual basis. It is able to give back in the long term thanks to the tokenomics design and the decentralized exchange (DEX) functionalities to come. As more and more users join their community, they are able to achieve their goal of giving back to wildlife conservation.

They announced that they would donate 1000 $ Nature tokens to re: wild which restores and protects nature. They have only one goal to save wildlife and preserve it because it is the most effective solution to the current interconnected crisis of climate, human health and biodiversity. It was founded by Leonardo DiCaprio and a group of very renowned conservation scientists.

Re: wild is a force multiplier that brings together businesses, non-governmental organizations, citizens, governments, indigenous peoples, local communities and influential leaders to protect and regenerate at the speed we need. Their vital work has conserved and protected over 180 million acres, benefiting more than 16,000 species in some of the world’s most irreplaceable places for biodiversity.

This charitable gift will be made via Giving Block. Cryptocurrency donations to charities are booming these days, with many freebies continuing to pour in as the year is about to end. Data suggests there has been a huge 583% increase in total digital asset donations in 2021 compared to 2020 on Crypto Giving Tuesday, Crypto Giving Tuesday is a campaign started by The Giving Block, a fundraiser and a crypto donation for individuals and nonprofits.

On Crypto Giving Tuesday 2021, a DC-based company processed $ 2.4 million in donation giveaways, with an average donation size of $ 12,600,according to the company, and other donations continued through the holiday season. “This day has inspired hundreds of conversations with high net worth donors, businesses and projects looking to give giveaways,” said Pat Duffy, co-founder of The Giving Block.

Media contact –

Annie clain

SafariSwap Outreach Manager

contact@blockchainprbuzz.com

THE SOURCE: Safari Exchange

See the source version on accesswire.com:
https://www.accesswire.com/681644/Safari-Swap-the-Next-Big-Swap-for-Nature

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Kandyland: The New Revolutionary DAO https://beaconatbangsar.com/kandyland-the-new-revolutionary-dao/ Sat, 08 Jan 2022 18:30:00 +0000 https://beaconatbangsar.com/kandyland-the-new-revolutionary-dao/

Cape Coral, Fla., Jan. 8, 2022 (GLOBE NEWSWIRE) – Kandyland aims to become a revolutionary Decentralized Autonomous Organization (DAO), built on the Avalanche smart chain. It is currently hosting its public liquidity priming event and is launching the official decentralized app shortly thereafter.

For those who haven’t had the chance to learn more about the crypto world in detail, a DAO is a system in which token holders are given the opportunity to vote on how they wish to view the organization. progress. It is simply a decentralized government in which the community has the last word.

Kandyland DAO itself relies on the famous and battle-proven Olympus reserve currency protocol system. You might be asking, what does this mean?

What is the innovative Olympus DAO reserve currency protocol?

At the start of 2021, Olympus DAO revolutionized DeFi as we know it. Through the use of incredible smart contract technology, Olympus DAO has created a way to combat the loss of stable coin purchasing power due to inflation. It is certainly understood that inflation will eat away at the value of their funds if someone simply keeps them in a savings account.

Therefore, Olympus came up with an innovative solution by creating a reserve currency backed by a stable coin rather than pegged to it.

What the support means is that the intrinsic value of a single OHM will always be at least 1 DAI or 1 USD, because if the market price of 1 OHM starts to fall below the value of 1 DAI , the protocol will use its cash funds to buy back and burn the tokens pushing the price back to 1 DAI.

But here is the main climax, while the floor price exists, the ceiling price does not. This means that there is no limit to the height of the price of the OHM. It can be anywhere greater than 1 DAI but never less than that.

And Kandyland?

Kandyland is a direct fork of this tested system. It has two main mechanisms based on the economic principle of game theory to encourage participants not to sell their tokens.

The first side of this system is based on a meticulous bonding mechanism that allows creditors to exchange their stable or liquidity tokens in exchange for KANDY at a reduced price compared to the current market price.

Let’s clarify how it works. If in the market, you can acquire a single KANDY token for $ 100, then if you choose to mint your tokens through Kandyland, you can acquire them for, say, $ 80. Naturally, if the price stays at $ 100 and you managed to get the token for $ 80, you’ve already made a profit of $ 20.

But here’s the catch; If you choose to bind, your tokens are acquired for a period of 5 days. This means that you will receive 20% of your KANDY amount every day. Therefore, if the price stays the same or appreciates, you will not be able to enjoy it until the end of this 5 day period. And that’s a big if!

If you are lucky that the price stays the same for that 5 day period or increases, then congratulations, you have made a profit. However, even if the price does drop eventually, because you’ve taken a discount, you’ll have more leeway in terms of breaking even.

You may be wondering what this linking mechanism is for? There are actually two major consequences of linking. The first is for sureties to deposit liquidity tokens to bind KANDY. This allows the protocol to hold most of its cash, ensuring that individual liquidity providers will not withdraw their cash at random, preventing you from selling.

The second consequence of the bond is that it only takes $ 1 to strike an additional KANDY token, therefore the difference between $ 1 and the price paid for the bond, goes to the DAO treasury as pure profit. In other words, over time the more people bond, the more profits are stored in DAO treasury.

Okay, now the DAO has tons of profit lying around in the treasury, the question now becomes, what is that profit for? Well, this is where the second mechanism of the Kandyland Reserve Currency Protocol comes in.

The cash is split between the people who end up wagering their tokens on the platform and the DAO itself. Staking simply means that you deposit the tokens on the platform and keep them there instead of selling them. The purpose of this is to reduce the selling pressure on KANDY tokens and therefore increase the market price while being rewarded with more KANDY tokens over time.

What is also amazing is that you earn compound interest on your tokens put into play. This is how these platforms are able to deliver an annual percentage return (APY) that is unprecedented in the world. Challenge.

Additionally, KANDY holders can create proposals to vote on how funds will be allocated. Projects like these are simply community driven and understand that if people come together and bet their tokens, they will benefit the most.

There are currently many clones of Olympus. How is Kandyland different?

Kandyland aims to create community proposals that will focus on music and gaming ecosystems in the crypto world. As mentioned earlier, there is a lot of funds accumulated in the treasury over time, the question now becomes how will these funds be used?

At Kandyland, we hope to start new crypto projects focused on games and music, as well as let the community vote for the creation of projects owned by Kandyland.

It is simply a crowdfunding means of incredible cash that will be distributed to KANDY holders and allow the community to decide which games and music projects they want to support.

Kandyland aims to become a major player in said ecosystems and to integrate the cryptographic spheres of games and music into the general public.

Additionally, Kandyland aims to create a fully interconnected metaverse through the development of future NFTs, inter-chain bridges, and many other exciting extensions to the standard reserve currency protocol system.

What about security?

As an investor, safety should be the most important factor to consider before making an investment.

At Kandyland, we have done everything and everything to ensure that our investors’ funds are safe and secure. But what does “everything” really imply? First, our founder is KYC’d.

This means that a third party service stores its personal information and in the event of a potential problem with the platform, this personal information is disclosed to public authorities. In other words, there is one person who is held accountable if something goes wrong.

Second, our code has been audited by several trusted sources. Auditing basically means that the code is checked for any bugs and potential exploits to make sure it doesn’t exist.

We are proud to call ourselves one of the first DAOs to be KYC certified and audited before the platform was released.

In addition, our contracts are governed by a multi-signature through a trusted platform called Gnosis Safe. One of the problems with the development of smart contracts is that the contracts belong to a single address. And if that address is compromised, the contract can lose all funds. Multi-signature aims to solve this problem. For each contractual transaction, 5/7 people should approve it for it to be validated. And if 1 person loses access to their wallet, the system will not be compromised.

As you can see, Kandyland’s security has been as tight as it gets. And we always do our best to ensure that this standard is maintained.

Why Kandyland?

Kandyland is based on a tested protocol system that has worked for many alternative DAOs and features innovative features, a strong community, and strong future prospects.

With your help, we believe Kandyland can become one of the biggest players in the Avalanche ecosystem and have a real, crypto-world impact on the gaming, music and NFT ecosystems.

This really is a first opportunity to get your hands on an upcoming project with huge initial potential, which is governed by a decentralized system and which is the next step in DeFi’s evolution.

Kandyland Tokenomics

Kandyland will begin with an initial offering of 250,000 tokens put into circulation.

It is important to remember that KANDY’s supply is dynamic, not fixed, so this initial number is not as important.

The tokenomic distribution is as follows:

– 80% used for the liquidity seed event.

– 5% used for the initial development and marketing of the platform

– 10% distributed among the founding members

– 5% used for an initial liquidity mint

Going forward, the DAO will build on strategic proposals, providing additional funds for marketing, future development and community management with funds allocated from cash reserves.

How to participate

As mentioned earlier, Kandyland currently has its public sale, which means anyone can get their KANDY at a presale price of $ 5 per token. If you want to get an early advantage and follow the starting price trend, you just need to follow the steps below:

Website – https://lbe.kandyland.finance/

Make sure you have at least $ 500 to $ 2000 max in MIM (Internet Magic Money) on the Avalanche network.

Connect your Metamask or WalletConnect compatible wallet to the LBE website.

Click on the “Approve” button.

Type in the amount of MIM you want to deposit to pre-purchase KANDY 5 MIM = 1 KANDY tokens.

Click on “MIM Deposit” and confirm the transaction. Once it confirms that you have successfully pre-purchased KANDY!

Once the dAPP is online, you will be able to claim 20% of your purchased tokens per day!

Important links –

Discord: https://discord.gg/kandy

Twitter: https://twitter.com/KandylandDAO

Telegram: https://t.me/kandylanddao

Official site: https://kandylanddao.com/


        



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]]> Liquidity back to pre-Covid level https://beaconatbangsar.com/liquidity-back-to-pre-covid-level/ Thu, 06 Jan 2022 23:09:57 +0000 https://beaconatbangsar.com/liquidity-back-to-pre-covid-level/

PETALING JAYA: Malaysian stock market liquidity has fallen to a fraction of what it was at the height of the market recovery in 2020.

To be precise, the volume of securities traded on Bursa Malaysia is normalizing to pre-Covid-19 levels as investor aggressiveness continues to decline.

With no major catalysts in sight by the next earnings season in February, investors appear to have a more “contained” expectation of what the market is in a position to deliver.

In addition, strong net sales by local institutional funds and foreign investors for most of 2021, amounting to RM 8.99 billion and RM 3.15 billion, respectively, rattled sentiment.

The monthly volume traded in December 2021 declined to 65.19 billion units, from a record 275.49 billion units in August 2020. This represents a drop of more than 76%.

Likewise, the monthly traded value in December 2021 fell to RM44.8 billion, down more than 67% from the all-time high of RM 136.92 billion in August 2020.

As inflation rears its ugly head again and the government is unlikely to announce a major stimulus, market sentiment remains low amid developments surrounding the Omicron variant of Covid-19.

The first trading week of 2022 was not an exciting one for the local stock market, with the FBM KLCI falling three out of four trading days. Yesterday, the index closed at 1,533.36 points, down 14.59 points or 0.94%.

Kenanga Bhd Investment Bank Research Director Koh Huat Soon and Areca Capital CEO Danny Wong said the main index decline was mainly due to adjustments made by funds, after year-end dress-up activities. .

“Without counting December 31, given the facade, the current level of FBM KLCI is not far from the December 30 close of 1,543.61 points.

“In terms of risk-return at the current level, I see more advantages for the market than disadvantages. The market also benefits from an attractive price, at 15.3 times the earnings per share of FBM KLCI. That’s close to the 10-year average, ”Koh told StarBiz.

Koh said the next earnings season for the fourth quarter of 2021 will be a catalyst for market sentiment, although he believes there are “no high expectations” among investors.

“I think the market is more anxious to know the corporate management’s profit forecast for the year 2022. It will tell us what to expect,” he said.

Meanwhile, Wong of Areca Capital said the company’s upcoming earnings announcement was the only major catalyst for the Malaysian stock market at the moment.

“There aren’t a lot of positive catalysts on the external side. The weakening of bonds by the US Federal Reserve could be faster than expected and we don’t have much good news from China and Hong Kong, ”he said.

Wong expects the fourth quarter earnings season to be positive, although recent flooding in Malaysia and the spread of the Omicron variant may negatively affect business performance.

He believes that the recovery in corporate profits would restore market sentiment and, in turn, stimulate greater market participation by investors, especially local institutions and foreign funds.

‘Not only that, the developed foreign markets have already grown significantly. So naturally investors would be looking for laggards, and that includes markets like Malaysia and Hong Kong, ”he said.

Malaysia was the second worst performing market in Asia last year, after Hong Kong.

The FBM KLCI lost around 3.7% through 2021, while the Hang Seng index in Hong Kong plunged 14.1%.

Within Asean, the Malaysian stock market is considered to be the worst performing in 2021.

The negative returns generated by the 30-stock KLCI FBM are mainly due to the decline in stock prices of glove, energy and palm oil companies.

In general, sentiment towards the Malaysian stock market has weakened due to a series of negative developments in 2021.

These included the reimposition of lockdowns due to the increase in Covid-19 cases; the political uncertainties which ultimately led to the change of Prime Minister; allegations of forced labor against some manufacturers, including glove players; and the announcement of tax increases when the 2022 budget is tabled.

As for 2022, analysts are generally bullish on the outlook for the market.

Koh de Kenanga said the finance ministry’s decision to extend the tax exemption on foreign-source income until December 31, 2026 and restore the stamp duty cap for stock transactions, albeit at a low higher than before, relieved market participants. .

As part of the 2022 budget, the government proposed to increase the stamp duty rate to 0.15%, from 0.1% for stock market transactions, as well as to remove the stamp duty cap of RM200 for such transactions.

He also proposed the removal of the foreign-source income tax exemption for businesses in the 2022 budget.

However, the finance ministry subsequently did an about-face on the two measures, following criticism from industry players, including the operator of the Malaysian stock exchange.

The ministry said the stamp duty cap for stock trading will be restored to RM1,000, with a rate of 0.15%.

He added that stamp duty amounts in excess of RM 1,000 would be paid, and the payment would apply to all contract notes from January 1, 2022 to December 31, 2026.

Meanwhile, the tax exemption on foreign source income of individuals and dividend income of companies has been extended for five years from January 1, 2022 to December 31, 2026.

Looking ahead, Koh said he does not count on foreign investors to support the Malaysian stock market “greatly” in 2022.

“Amid the tightening of interest rates in the United States, we could see an outflow of funds from emerging markets,” he added.


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Monetary Policy: Just flawed logic or toeing FM’s line? https://beaconatbangsar.com/monetary-policy-just-flawed-logic-or-toeing-fms-line/ Tue, 04 Jan 2022 22:39:56 +0000 https://beaconatbangsar.com/monetary-policy-just-flawed-logic-or-toeing-fms-line/

The bimonthly Monetary Policy Committee (MPC) meeting in December saw members take a cautious path. All members except Professor Jayanth Varma voted to maintain the status quo on policy rates and an accommodating stance to support the economic recovery while controlling inflation – a strategy that has remained unchanged for more than a year now. The question is: has monetary policy achieved the desired short-term objective?

Monetary policy, by regulating key rates and therefore money supply, liquidity and the line of credit, should strike a delicate balance between inflation and economic growth, variables which are considered to be inversely related, according to supporters of the very famous Phillips curve hypothesis. . Monetary authorities are increasing the money supply – monetary easing – to stimulate economic growth, while providing space for price increases, and reducing the money supply – monetary tightening – to control inflation, while undermining economic growth. The MPC is mandated to recommend key rates based on these theoretical concepts.

Policy rates under the MPC include the repo rate, the repo rate, the permanent marginal facility (MSF) rate, and the bank rate. The reverse repo rate is the rate at which the RBI lends to banks overnight in order to have liquidity to manage regulatory requirements. The reverse repo rate is the rate at which banks lend to the RBI overnight when the RBI is required to absorb liquidity. The MSF rate is the overnight borrowing rate from the statutory liquidity portfolio in order to benefit from a safety valve against unforeseen liquidity shocks.

Monetary theory postulates that these rates control the speed of money – the rate at which money changes hands. Controlling speed can have an impact on the balance between inflation and growth. In this context, previous MPC resolutions recommended a cut in key rates and proposed an accommodative stance since August 2019 to stimulate the economy, albeit at the expense of inflation.

At the recent meeting, the MPC observed a widespread recovery as all constituents of aggregate demand show expansionary traits. Yet the relevant question is: was monetary policy responsible for this “perceived” recovery? The answer is: Negative!

The resilience of rural demand and the reduction in dependence on MGNREGA can be attributed respectively to direct transfers from the PM-Kisan regime and the resumption of the rabi sowing season. Many of these unorganized sector economic activities are assumed to be sensitive to changes in policy rates, an assumption that is far from the truth. In contrast, investments, auto sales, steel consumption and high-frequency interest rate-sensitive indicators showed only modest improvement, according to the MPC resolution, raising questions about the role and effectiveness of monetary policy.

On inflation, the MPC’s resolution suggested that headline and core inflation face upward pressure. Irregular rains damaged crops and increased uncertainty about the harvest planned for January, putting upward pressure on food prices. In addition, efforts to mitigate the pass-through of rising global fuel prices have had limited success. All of this can cause production costs to rise, leading to sectoral and headline inflation. Signs are visible, with wholesale price inflation reaching 14% in November 2021. Wholesale price inflation is set to trickle down to retail prices over time. Yet the committee appears to have completely overlooked the threat of a pass-through of inflation from wholesale prices to retail prices, which will ultimately burn a hole in the pocket of the common man.

Another area of ​​concern is inflation in advanced and other emerging economies. Policy makers in these economies have resorted to monetary tightening. With interest rates in India lower than world rates, capital outflows will become inevitable. In addition, global inflation will also lead to an increase in import bills relative to exports, leading to an increase in the trade deficit. These aspects will increase the supply of the rupee in the foreign exchange markets and cause the currency to depreciate. While these aspects largely fall within the remit of the monetary authorities, has the MPC done enough to address them?

Other concerns hint at the large excess in liquidity conditions. The surge in liquidity will lead to a situation where too much money will chase out too few goods, causing inflationary pressures in the economy. As the RBI tries to mop up liquidity through fixed rate and floating rate reverse repurchases, is it too little or too late?

These findings raise major questions about the approach followed by the MPC. Is the MPC following the line of the Ministry of Finance in giving way to an expansionary fiscal policy due to the elections to the Assembly? Or, is the committee simply pursuing faulty logic?

(The writer is professor, School of Liberal Arts, Alliance University, Bengaluru)

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