Basel II may turn cost into investment 16. May 2006 by Thomas Jannot Companies and loans belong to each other just like banks and Basel II. But in order for the rating to be in line with Basel II, a dynamic analysis and evaluation of business figures is necessary. The more work processes and operational data are seized and processed electronically, the more easy will be this analysis.
Content filters protect companies from risks 16. May 2006 by Thomas Jannot Employees surfing on the Internet in an uncontrolled way without limits not only are less productive, but they also expose their company to incalculable legal risks. If files with extremist or pornographic contents or contents which is protected by copy right are downloaded or even circulated, the company will be made liable. As is revealed …
Online banking without HBCI proves to be very risky 16. May 2006 by Thomas Jannot The abbreviation HBCI stands for Home Banking Computer Interface which is a national standard developed by the Central Credit Committee. Using this method it is impossible for bank customers to be redirected by, for instance, so-called Phishing-Mails to faked Internet sites, since the online connection to the sites on which customers leave their sensible data …
Entrepreneurs should adapt support agreements to their needs 16. May 2006 by Thomas Jannot For manufacturers of customized software and their clients it is recommended to expressively lay down in writing for what period the technical support has to be ensured. The entrepreneur should not blindly accept any support agreement which does not contain any clause on a minimum agreement term. This minimum term usually corresponds to the depreciation …
High attention has to be paid to the wording of software support agreements 16. May 2006 by Thomas Jannot Whether and when a software manufacturer is authorized to terminate his support for customized company software, as happened in the Fischer case, has to be put down in writing in a support agreement. The agreement should be form-like or in a pre-formulated standard version.
Incomplete software support agreements may turn out to be expensive for SME 16. May 2006 by Thomas Jannot For customized company software it is indispensable to have support agreements. The lawer Dr. Gero Himmelsbach in the VNU magazine Computer im Mittelstand (CiM) cautions against the risks involved.
Professional rating facilitates economic growth 16. May 2006 by Thomas Jannot The rating of the creditworthiness of companies on the basis of the Basel-II-criteria continues to divide small and medium-sized companies. The reason for this disagreement seems to be the sober subject of costs, but what the disagreement really reflects is the antagonism of the two business decision making philosophies – guts vs. head. Especially among …
When granting loans banks will have to apply Basel II rules 16. May 2006 by Thomas Jannot An image often associated with the provisions of the Basel II agreement is the three pillar model. This model describes the requirements put on commercial banks by the Basel agreement. The three pillars refer to the minimum equity capital requirement, the requirement on checking procedures as well as to the duties of disclosure and market …
Inadequate IT security leads to more expensive loans 16. May 2006 by Thomas Jannot In the middle of February the Federal Cabinet decided upon a draft to cast into binding law the provisions of the Basel II agreement regarding a bank´s equity capital. According to this agreement a company´s IT security forms part of the operational borrower risks to be taken into account when determining his creditworthiness.
Technology transfer important to SME 16. May 2006 by Thomas Jannot Experience has shown that, due to the fact that SME themselves do not dispose of the necessary technology and overestimate the cost for the purchase of know-how, certain products are not brought onto the market. Dr. Franz J. Beeler, Swiss consultant and expert on technology transfer, in his article „Technologietransfer – unrecognized chance for SME …