- Insurance Related Saving Products
- Under-Performance of Endowment Mortgages is Building Societies Responsibility
- The Tax / Returns Calculation
- Building Societies and Mutuality
- Empirical Credit Risk Management - article from Global Risk Magazine
- Some Aspects of Corporate Liquidity Management
- IACT Eurofinance Presentation (Zipped PC Powerpoint File)
- E-Banking in Ireland
- Adding Value to the Banking Relationship
- A Matter of Interest
- Mortgage Holders Face Increases on Endowments
- Paranoid Accountants Get Their Own Software
- Risk Management in Instalment Credit
An Article appearing in the "Homebuilders Magazine" 2006
Finalysis is a company which Homebond recently came across, with services likely be of interest to many CIF members. It advises companies on their borrowing and banking arrangements and, through its specialist banking knowledge, saves clients a lot of interest, charges and currency headaches!
Finalysis reports having recently completed a series of reviews for house builders and other construction companies, with dramatic results. Earlier this year many companies were surprised to receive unsolicited interest refunds from one bank - the result of Finalysis identifying a computer error in that bank's calculation of interest on term loans. In another case, by managing the P & L/Cost of Funds ratio Finalysis reduced the bank margin on a €40 million loan from 1.25% to 0.75%. In yet another case, by mobilising and redeploying currency surpluses, it reduced the domestic borrowing cost by €180,000 annually, while thereby also providing natural hedging of Sterling and US Dollar exposures.
Finalysis was established in 1990 by Pat Shallow - former Managing Director of the CIF's Metropolitan Building Society, an economist and former banker (Bank of Ireland and Standard Bank) and the company is staffed by former bankers and treasury specialists.
Sounds like a very good service for busy builders who need to leave banking and treasury arrangements to the banks themselves.