A World Gateway to Discriminating Vacation and Travel Experiences

More and more people are traveling, but vacations aren't getting any cheaper. Perhaps you've always wanted to take a trip to an exotic place but never felt you could afford it. After all, luxury resorts are usually far beyond the average family's price range, right? That's why so many people are using online services to book vacations at a bargain. The Internet has become a world gateway to discriminating vacation and travel experiences.

One popular method travelers are using to get huge discounts on their vacation packages is to join with a company that offers an ongoing membership for travel and hotel savings opportunities. The company usually has both experience in travel and direct contact with resorts around the world. You can take advantage of years of travel experience without ever leaving your home. It's like having your own travel agent on your personal computer!

Luxury Without the Expense

By creating a travel membership, you can expect to pay far less than normal rates for luxury resorts in places like Europe, Israel, Singapore, United States, and many other exotic destinations. Luxury resorts are typically four and five star resorts with beautiful decor, plenty of space, every amenity possible, and breathtaking scenery of the ocean, mountains, golf courses, and so forth.

The resorts have everything from fireplaces and fitness centers to pools and hot tubs. You can choose a destination according to the leisure activities you enjoy, such as golf, skiing, relaxing on the beach, family attractions, attending local events, and more.

You'll discover that, by using the expertise of a travel company, you can often secure a luxury resort for your holiday for less than a regular hotel!

Secure Vacation Packages for Hot Holidays

Another advantage of allowing an expert to find discount vacations for you is you can book in advance for hot holidays when rates are usually "through the roof." For instance, if you want to take a Caribbean cruise during Spring Break, you might be able to find a great deal. You can enjoy the cruise and tour the islands for only a fraction of the price.

Home Based Business in Travel

You can earn an extra income by introducing others to a luxury resort membership and savings. If you're interested in travel or always wanted to be a travel agent, you'll find this to be an exciting moneymaking opportunity. You can even recommend others via the Internet, and work at home. There are no limits!

Never spend your vacation in the same old place when you can enjoy a luxury vacation for the same price or less. Use the Web for research along with a company that is backed by years of travel experience to open your world gateway to discriminating travel and vacation experiences.

Banking Law in South Africa

by Amelia Stenson

Banking law in South Africa is effectively defined by the 1990 Banks Act and simply covers exactly what a bank is allowed or not allowed to do in the normal course of business.

Banking Legislation in South Africa is complex

There are a myriad of other complex bytes of legislation that pertain to South African banking law but these are often so multifaceted that expert advice is required from specialist banking law attorneys. Examples of added legislation that governs South Africa�s banking law are:

The Exchange Control Act

National Credit Legislation

The Financial Intelligence Centre Act

The Prevention of Organised Crime Act

Bills of Exchange Act

Leading Cape Town law firms offer a range of services pertaining to banking law, including advice on BEE specifications, advice on the acquisition of certain assets, leveraged and acquisitions finance, debt capital market and corporate bonds, structured finance, foreign representation, takeovers, insolvency and banking, and financial services regulation.

Common international banking instruments and requirements

Although banking law varies from country to country, there are a number of instruments and requirements that are applicable across the board, including:

Capital Requirement - an outline of how all banks must handle their capital in relation to their assets.

Corporate Governance � a framework intended to keep banks well managed. Specific requirements may include the bank being a body corporate rather than individually owned or in a partnership or trust. If it is incorporated locally rather than on foreign shores, the number of directors is limited and it has a structural organisation that includes offices and officers.

Credit rating requirements � the vast majority of international banks are required to obtain and maintain a minimum credit rating from an approved credit rating agency and to willingly disclose this to investors and prospective investors.

Reserve requirement � the minimum reserves the banks must hold to demand deposits and bank notes. This requirement is no longer about client safety but more about liquidity.

Financial reporting and disclosure requirements � all banks are required by law to prepare annual financial statements acceptable to a financial reporting standard, to have them independently audited and to open them to public scrutiny.

The objectives of Banking Law

In this day and age when leading international banks are hitting the skids, the objectives of banking law are all the more important. There are five primary objectives:

To be prudent with a depositor�s money by reducing the risks bank creditors are exposed to

To avoid the misuse of banks by criminal elements

To protect the confidentiality of banking and banks

To direct credit to preferred sectors

To ensure systematic risk reduction

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Article Source: http://www.articlesphere.com/Article/Banking-Law-in-South-Africa/177483