Advertorial Disclaimer Infotoday - Page 4 of 4

Forex swap: what it is, how it is calculated, and what are swap-free accounts in Octa

March 27, 2024

One of the most misunderstood terms in Forex trading is swap or Forex swap. To trade successfully, you should understand what Forex swap depends on and how it is calculated. This article describes what a Forex swap is, explains its mechanics, and describes swap-free trading accounts.

What is a Forex swap?

Swap is a commission charged for carrying open positions overnight to the next trading day in the Forex market. The exact moment when the swap is withdrawn from your trading account depends on your broker. Most brokers charge it most often between 11 p.m. and 12 a.m. server time.

The Forex market is over-the-counter and non-deliverable, meaning you are not the owner of the trading asset. In order not to cause the need for calculations, the system automatically closes an open position on the current trading day and opens it on the next one. Such closing is considered conditional, as the position is carried over, and the swap is charged.

Depending on the value of the swap and the position, the swap can be negative or positive. In other words, you will either have to pay a commission or be paid a commission for holding an open position overnight. This is because the margin system used in Forex trading allows you to use the additional capital the broker provides. You borrow funds to open a position from your broker.

There is an opinion among traders that the Forex swap is nothing but a broker’s commission. However, this is not true. Let’s find out how swaps work in the Forex market.

How do swaps work in the Forex market?

Every time you open a position, you make two transactions: buying one and selling another currency in a currency pair. So, you are essentially borrowing that money to sell one of the currencies and need to pay interest on the borrowed amount. However, in doing so, the currency you buy will earn you interest.

If the base interest rate on the currency you buy is higher than the currency you sell, you can earn interest on the difference in rates for carrying an open position to the next day. However, given the broker’s markup, regardless of the direction of the open position (buying or selling), you will have to pay a commission.

Thus, the value of a swap depends on the market and the instrument you are trading. For example, the swap on the same EURUSD and USDJPY positions will differ.

The value of swap varies depending on:

– online broker

– type of the position–Buy or Sell

– type of the asset

– number of days the position remains open

– nominal value of the position (number of lots).

Why is there a triple swap?

Sometimes, a swap is charged for holding an open position over the weekend, even if you did not have it on Saturday and Sunday. Such a fee is called a triple swap. Since the markets are closed on weekends, the triple swap was invented to compensate for this and is charged either on Fridays or Wednesdays, depending on the specific market.

This is because orders are settled on the Forex market on the second working day from the trade date (T+2). Since the value date falls on a weekend, the transfer is made for three days at once (on Monday). Therefore, from Wednesday to Thursday (at 12 a.m.), the swap is charged for the past weekend and Wednesday.

In other words, if you hold your position overnight when the triple swap is applied, your order will be charged three times the standard swap.

Are there swap-free accounts?

To make trading more convenient and accessible, many brokers have introduced the concept of swap-free accounts.

Swap-free accounts relieve the trader from the need to constantly monitor the size of accounting rates on currencies in a currency pair, make trading more straightforward, and allow taking into account in advance the commission for the transfer of positions when calculating the financial result of planned transactions. It is also relevant for those clients who cannot use swaps due to religious beliefs. This determines the second name of this type of account–Islamic accounts.

Charged daily, the swap fee accumulates over time, making trading less favourable. To enhance the investment opportunities of its customers, Octa has decided to remove swap fees for all types of trading accounts. These fees will no longer prevent traders from using medium- and long-term strategies in the financial market. Now, they can keep that position open for as long as they see fit and with no swap cost.

Sports

Scottish Super 10 Scotland’s inaugural T10 Franchise Cricket League 16th August to 1st September 2024 – Aberdeen

March 22, 2024

Scotland will host the inaugural edition of the “Scottish Super 10” in Aberdeen, with Men’s and Women’s tournaments taking place between 16th August to 1st September 2024.

The Scottish Super 10 will become the first international franchise cricket league in Europe outside of England, as Scotland showcases itself as a prominent venue for hosting franchise cricket as well as the powerful cricketing talent the country possesses.

Six men’s franchises – Glasgow, Edinburgh, Aberdeen, Inverness, Perth & Dundee – owned and operated by major private corporate houses from around the world will go head-to-head in Aberdeen across 34 T10 matches. The men’s squads will feature top Scottish and international talent, details of which will be announced at a press conference planned in Dubai during the last week of April.

The women’s tournament will feature two franchises with squads of 15 players, in what will be only the second women’s franchise tournament to take place in the UK. The two teams will face each other on the opening weekend – August 16, 17 and 18 – with the bulk of the squads being made up of current Scotland internationals, who’ll compete alongside selected international stars.

Three of the six men’s franchises are already sold, while international superstars planning to take the field in this prestigious event have already begun signing up.

Players already committed to competing in the Scottish Super 10 include Afghan superstars Rashid Khan & Rahmanullah Gurbaz, Zimbabwean all-rounder Sikander Raza, dashing Pakistani pacer Naseem Shah, English batsman Alex Hales, and Kiwi talent Finn Allen.

Rashid Khan – arguably one of the greatest white ball cricketers of all time – said:

“This is really exciting news, and I am looking forward to participating in a European league. The competition will surely bring great mileage to cricket in Scotland, and I congratulate the organizers for this.”

Cricket Scotland has signed an agreement with USA-based “Star 333 Sports” to own full IP, commercial and production rights for the event.

Paul Macari, Cricket Scotland’s Head of Operations and Commercial, said:

“We are delighted to see franchise cricket coming to Scotland this summer. The Scottish Super 10 will bring a fast and exciting format of the game to Scotland and we look forward to our men’s and women’s national stars competing with players from all over the world.”

“It is particularly pleasing to see Star 333 committing to invest in the women’s game in Scotland with a tournament that will grow in the coming seasons.”

Abhishek Shah, Chairman of Star 333 Sports, said:

“We are thrilled to partner up with Cricket Scotland and are committed to ensuring that this will be a great cricketing spectacle for global audiences, providing top notch entertainment, fueled by world-class production values.

“The tournament will feature some of the best men’s and women’s international cricketing talent and will be broadcast on major media platforms across the world. This August we will bring to life Scotland’s first franchise cricket tournament, and the biggest in Europe, outside of England.”

Each men’s team squad will, like in the women’s competition, contain 15 players, with up to nine international players and six Scottish players in each squad. Each team will have two international marquee players while the rest will be selected via a player draft.

Player registrations open on 18 March via the league’s official website – www.scottishsuper10.com.

Business

R. World Institutional Ranking Unveils the Top Sustainable Institutions of India in Green Rankings 2024

March 22, 2024

In a world where sustainability is paramount, R. World Institutional Ranking has taken a pioneering step towards recognizing and promoting institutions committed to environmental, social, and economic sustainability in India. With the belief that human conduct significantly impacts all forms of sustainability on the planet, R. World Institutional Ranking emphasizes the ethical aspects of reality to ensure a sustainable future. Underlining the importance of ethical sustainability for fostering sustainable political and social systems and processes, the organization has launched the Green Rankings 2024, featuring the top Sustainable Institutions of India (SII).

The Green Rankings 2024 showcase 100 Higher Educational Institutions (HEIs) that have demonstrated exemplary commitment and practices towards sustainability. These institutions have been rigorously evaluated based on a comprehensive ranking framework, encompassing the three pillars of sustainability: environmental (Planet), social (People), and economic (Profit). The parameters and indicators considered in the ranking framework reflect the core values and practices crucial for fostering sustainability within educational institutions.

The ranking framework has been meticulously curated to encourage maximum participation from higher educational institutions across India. Open to all HEIs duly recognized by UGC/AICTE, the Green Institutional Ranking aims to foster a culture of sustainability and responsibility within the academic community.

The response to the Green Rankings 2024 has been overwhelming, with institutions of varied sizes and profiles participating in the evaluation process. These institutions include renowned Institutions of Eminence Deemed-to-be-Universities, NIRF Top 10 Institutions, NACC A++ accredited institutions, as well as newly established universities. R. World Institutional Ranking is proud to collaborate with institutions as diverse as those with a century-long legacy to emerging educational entities.

Through the Green Rankings 2024, R. World Institutional Ranking not only celebrates the achievements of sustainable institutions but also provides a platform for sharing best practices and fostering collaboration towards a sustainable future. By recognizing and promoting sustainability initiatives within the academic realm, the rankings aim to inspire positive change and drive impactful actions towards a greener, more equitable world.

To explore the complete list of Sustainable Institutions of India featured in the Green Rankings 2024, visit wiranking.com/green-rankings and join us in celebrating the champions of sustainability shaping the future of education in India.

OBE Rankings by R. World Institutional Ranking: The Outcome-Based Education is necessary in India to transform the education system from a content-driven approach to a learner-centric approach, and to ensure that graduates possess the skills and knowledge that are essential for success in the 21st century. The aim of Outcome-Based Education is to provide students with the knowledge, skills, and competencies required to succeed in their future careers and contribute meaningfully to society. It shifts the focus from merely covering content to ensuring that students develop the desired abilities and achieve specific learning outcomes. While a systemic resilience approach to education is required, amidst all the technological advancements, we realize that students have to be educated, but they have also to be left to educate themselves. OBE Rankings recognises HEIs for successfully implementing the Outcome-Based Education. The OBE Rankings 2024 will be open for data-submissions from 18 April 2024.

The India Academia Rankings is a comprehensive ranking framework to gauge the Research Excellence (RE) and Employability and Startup Ecosystem Rankings (ESER) of HEIs. Research Excellence Rankings (RER) is a conceptual framework to present industry-benchmarks and help establish institutional – reputational yardsticks, with inclusive parameters of research-outputs, research-impact and research-ecosystem. Employability and Startup Ecosystem Rankings (ESER) exclusively focuses on Students’ Achievement(s) in terms of their Placements, Entrepreneurship, Startups and other revenue-generation success models, supported by the initiatives of the respective HEI. A blend of three unique Rating and Assessments, clubbed for a single – one time institutional registration. The India Academia Rankings by R. W I Ranking, examines the Research Excellence (RE) and Employability and Startup Ecosystem Rankings (ESER) of HEIs. Institutions will get benefitted with three separate and unique Ratings/Rankings/Bands, and three different certificates will be awarded to the HEIs.

R. World Institutional Ranking is proud to be the pioneer in India to initiate, conduct, and publish exclusive rankings for Mental Health and Wellbeing (MHW), encompassing faculty, students, and staff in a HEI’s campus community. An institution ensuring priority to Mental Health and Wellbeing encapsulates academic and non-academic knowledge induced with fun and happy elements to make learning a highly productive and enjoyable exercise and experience for students, for The Best Campus Life. MHW Rankings aims to identify and celebrate the Best Educational Campus in India for Mental Health and Wellbeing (MHW), recognizing those institutions that have taken significant strides in creating a supportive and nurturing environment for their students, faculty, and staff.

R. W I Ranking stands as a beacon of excellence, aiming to meticulously evaluate and acknowledge educational institutions in India, and, worldwide. By fostering healthy competition, it encourages institutions to continually enhance their standards, quality of education and overall ecosystem of HigherEd. The credibility of R. W I Ranking is rooted in its rigorous methodologies and commitment to objectivity. The ranking framework employs a multifaceted approach, considering diverse factors. R. W I Ranking has garnered widespread institutional acceptance, as a trusted and impartial resource of HEI’s ranking, and is celebrated as a valuable resource that facilitates a deeper understanding of the global HigherEd landscape. R. W I Rankings works with various Indian institutions including renowned Institutions of Eminence, Deemed-to-be-Universities, NIRF Top 10 Institutions, NACC A++ accredited institutions, as well as newly established universities. Explore www.wiranking.com for details.

Health

Impact Guru Foundation and STCI Finance Ltd Launch Care on Wheels (C.O.W) Program in Mumbai

December 11, 2023

Impact Guru Foundation, an organization that aims to facilitate access to affordable healthcare, has launched its flagship program, Care on Wheels (C.O.W), in Mumbai.

With the generous support of STCI Finance Ltd under its Corporate Social Responsibility (CSR) initiative, the C.O.W program aims to deliver essential healthcare services to the doorsteps of communities in need, transcending barriers of accessibility and affordability. The launch event occurred at Kamgar Kalyan Mandal in Chinchpokli East, symbolizing the commitment to reaching the heart of communities.

The Care on Wheels program is structured to provide primary healthcare, both preventive and curative, to underserved areas, including rural, tribal, slums, and urban regions. The mobile units enable healthcare services to reach the most remote and needy areas, overcoming the challenges of inaccessibility and non-availability.

The key objectives of the Care on Wheels (C.O.W) program are centered around ensuring comprehensive healthcare accessibility to underserved communities. It also aims to enhance awareness within these communities.

Sundeep Talwar, CEO of Impact Guru Foundation, said, “We are thrilled to launch the Care on Wheels program in Mumbai along with STCI Finance Limited, bringing healthcare services to the doorsteps of those who need it the most. This initiative aligns with our mission to create a positive impact on society and improve the overall well-being of communities.”

V Narayanamurthy, MD & CEO of STCI Finance Ltd, commented, “STCI Finance Ltd, is proud to support the Care on Wheels program that will provide last mile healthcare connectivity at the doorstep of the underserved communities. This initiative resonates with our commitment to contribute to community welfare and healthcare accessibility to those in need of medical assistance and thus make a meaningful difference in the lives of the underserved people.”

The launch event saw the presence of Vikas Kaul, Co-Founder, and CPO of ImpactGuru.com, V Narayanamurthy, MD & CEO of STCI Finance Limited, Suparna Sharma, Company Secretary and Chief Compliance Officer and Executives/Staff of STCI Finance Limited, highlighting the collaborative effort and commitment of both organizations towards this transformative healthcare initiative.

Vikas Kaul, who is also a trustee with Impact Guru Foundation said, “I extend my heartfelt appreciation to STCI Finance Ltd for steering the way in bringing about healthcare transformation through the Care on Wheels program. Together, we can drive change and empower communities for a healthier, brighter tomorrow.”

Impact Guru Foundation

Headquartered in Delhi, Impact Guru Foundation (IGF) was established in 2014 with the mission to “provide access to quality and equitable healthcare for the deprived by building efficacies to impact 5 million lives by 2030”. The main aim is to put forward a platform where each individual can easily avail of preventative, curative, and critical care. Since, its inception IGF has executed projects impacting 450,000+ lives on pan India level. IGF has been recognized and awarded by various industry bodies. #HappyBharatHealthyBharat https://www.impactgurufoundation.org/

STCI Finance Ltd

STCI Finance Limited, a Systemically Important- Non Deposit taking Non-Banking Financial Company (NBFC-ND-SI) / Middle layer NBFC (NBFC-ML), has been undertaking lending and financing activities since year 2008. The Company is a diversified mid-market NBFC that provides customized financial solutions to a wide spectrum of customers ranging from Corporate, firms and High Net worth individuals through its loan products offerings of Loan against securities, Corporate Loan-Real Estate and Corporate Loan- Non- Real Estate. The Company operates from its corporate office in Mumbai and representative offices in Delhi, Pune, Hyderabad, Bengaluru, Ahmedabad and Kolkata.

STCI Finance Limited has a qualified and experienced management team headed by V. Narayanamurthy, Managing Director and CEO, who has more than 33 years of experience in the Banking and Financial sector. The Company benefits from the strength of its shareholding majorly comprising of Public Sector Banks as well as from its diversified and professional Board of Directors.

Business

Bridging the gap in infrastructure leadership- InCoBAN Partners with Singapore Management University to Launch ALPIC Program

December 7, 2023

InCoBAN, a Bengaluru-based construction industry improvement ecosystem championed by a group of highly experienced professionals, has partnered with the prestigious Singapore Management University’s Executive Development (SMU ExD) to launch the Advanced Leadership Program in Infrastructure & Construction (ALPIC). ALPIC, a one-year program starting in April 2024, addresses the leadership gaps in the infrastructure space for global south. Developing resilient infrastructure requires maintaining a fine balance among social, economic, environmental, and institutional sustainability. With a focus on bridging the technical and social sciences gap, ALPIC aims to produce leaders with the understanding of global disruptions, emphasizing integrative approach, and blending socio-economic aspects into infrastructure development.

ALPIC is designed for global working professionals with at least 10 years of experience, catering to Central and State governments, Multilateral Organizations, International Financial Institutions, MNCs entering the infrastructure market in emerging economies, public and private sector corporates, aspiring leaders from the infrastructure industry, NGOs, political and social organizations, and academia. The program is designed in such a way that everyone involved in these areas can benefit irrespective of their disciplines. ALPIC is looking for students from India, Africa, Middle East, and South East Asia to begin with.

Elaborating on the problems faced by the infrastructure sector, Eddie Tritton, Executive Director, SMU Executive Development, Singapore Management University said, “Construction and infrastructure sector is facing key challenges particularly when it comes to the financing and timely delivery of key infrastructure projects. Another challenge is the absence of specific skill sets that are crucial for infrastructure projects, resulting in a scarcity of qualified candidates for senior positions. The industry is also grappling with skills mismatch especially at the leadership level, as there is a scarcity of adequate educational infrastructure training programs.”

He added, “While efforts are underway to integrate new technology-driven innovations into Infrastructure projects, the need for the development of key leadership skills that are geared towards ensuring sustainable infrastructure development is critical. ALPIC aims to play the role of a catalyst that helps bridge the gap and transforms participants into effective change agents with a forward-thinking approach.”

Bhagya S Nair, Co-Founder of InCoBAN Ecosystem, emphasized the strategic partnership with SMU will leverage the learning from Singapore’s exemplary leadership towards creating a world-class learning experience for ALPIC. ” SMU is a progressive and globally recognized institution, and serves as a robust academic partner, contributing distinguished faculty, certificate recognition, and comprehensive student services. In our pursuit of excellence in leadership education, we discovered the right strategic partner in SMU for ALPIC,” she said.

She added “Singapore, renowned for pioneering urban infrastructure, boasts an impressive construction sector. It’s rapid development, efficient public infrastructure, and collaboration between industry and government serve as a benchmark for the rest of the world. Singapore’s structured interventions for sustainable infrastructure development are commendable and there is a lot to learn for the world from it. Choosing an Asian university intimately connected with the world was a key criterion in partner selection.”

The ALPIC program spans four terms over 12 months, featuring online and offline sessions. The hybrid model includes a 6-day continuous residency program in India starting at Bengaluru, fostering networking and group projects and has been designed to equip participants with a comprehensive set of skills and competencies that emphasise evidence-based thinking, leadership, positive deviation, cultural ethos integration, and navigating Volatility, Uncertainty, Complexity, and Ambiguity (VUCA).

The ALPIC certificate holds recognition from both SMU and InCoBAN. With distinguished faculty support, SMU ensures superior learning and educational experience, committing senior faculty members every term. Additionally, SMU provides comprehensive student services, associate alumni status, library access, and a dedicated Learning Management System.

Actively contributing to ALPIC’s success, SMU engages in promoting the program – leveraging its global recognition to enhance program visibility and reach.

InCoBAN Ecosystem advocates dignity of labour, principles of equality, workplace democracy, non-discrimination, meritocracy, collective wealth sharing, and inclusive growth. Synergasia BE-NEX Private Limited (SBPL) serves as the implementation arm of the InCoBAN ecosystem.

A premier university in Asia, the Singapore Management University (SMU) (www.smu.edu.sg) is internationally recognised for its world-class research and distinguished teaching. Established in 2000, SMU’s mission is to generate leading edge research with global impact and to produce broad-based, creative, and entrepreneurial leaders for the knowledge-based economy. SMU’s education is known for its highly interactive, collaborative, and project-based approach to learning.

InCoBAN (www.incoban.org) embodies a transformative ecosystem dedicated to addressing the intricate challenges faced by the Indian Construction Sector. With 60 to 70 million people relying on this sector for their livelihoods, InCoBAN stands as a beacon for progress, striving to elevate the industry to new heights. The core belief of InCoBAN lies in the understanding that managing the complexities of the Infrastructure and Construction Sector demands a high degree of risk management maturity. In response, InCoBAN functions as a platform, engaging diverse stakeholders to collaboratively build an ecosystem that fosters growth.

For Media Enquiries:

Please contact, Prabodh Menon – Neubright Partners

prabodh@neubright.in

Mobile – +91 9769020527