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FINANCIAL MARKETS :!!: best-banks (TYPES OF FINANCIAL MARKET (CAPITAL…

- - - - :fire:Mobilization of savings to finance long term investment.
      - :fire: Facilitates trading of securities.
      - :fire: Minimization of transaction and information cost.
      - :fire: Offering insurance against market or price risk, through derivative trading
      - :fire: Quick valuation of financial instruments like shares and debentures.
  - - - DEVELOPMENT OF OFFSHORE BANKING BUSINESS
        :rabbit: Application to carry out banking business in Labuan IOFC can be made to the Minister of Finance through the Labuan Offshore Financial Services Authority (LOFSA).
        :rabbit: All functions under the jurisdiction of Bank Negara Malaysia,Register Company and Securities Commission have been transferred to LOFSA.
        :rabbit: LOFSA was set up to spearhead and coordinate efforts to promote and develop Labuan as an IOFC.
      - HISTORICAL OF IOFC LABUAN
        :evergreen_tree:Labuan International Offshore Financial Centre (IOFC) was formed on 1 October 1990.
        :evergreen_tree: This is by looking at the rapid economic growth in the ASIAN region at that period and the needs for Malaysia to develop its financial market and diversify of the economy.
        :evergreen_tree: Labuan IOFC have been form dwi-pronged goals of complementing and developing Malaysian capital market.
        :evergreen_tree: Since Labuan is a free port, there is no sales tax, surtax, excise or import and export duties levied, except for duties on petroleum and petroleum based products.
        :evergreen_tree: The government choose Labuan to become an IOFC because a strategic geographic, situated in the middle of Asian regions and is easily accessible by air.
        :evergreen_tree: Labuan is also located in the heart of Asia Pasific region, one of the most economically thriving regional in the world with benefits from the fast growing economics in the region.
        :evergreen_tree:Since Labuan birth as an IOFC in 1990, its has attracted about 1,000 offshore and support companies.
- - - - Two parties involved are...
        :snowflake:Buyer
        :snowflake:Seller