| Banks want RBI okay to trade in illiquid bonds
MUMBAI: Banks have urged the Reserve Bank of India (RBI) to make arrangements for purchasing illiquid government securities, so that they become more marketable instruments. In a memorandum submitted by the Indian Banks' Association (IBA) to the central bank, the association has stated that a huge stock of illiquid securities held by banks is forcing them to deal only in benchmark securities. Illiquid securities typically are bonds with a higher premium, not traded on a regular basis. Across the same tenor, there is likely to be a difference of up to ten basis points between the actively-traded security and the illiquid ones. On an average, nearly 5-10% of a bank's total bond portfolio could comprise illiquid papers. Out of nearly 100 such securities issued so far, less than 10 of them are actually traded in the market.
Glanmor bids to be WRU president
FORMER WRU chairman Glanmor Griffiths has launched a bid to return to the top of Welsh rugby by standing for president. Nominations for the prestigious post, which was left vacant by the death of Keith Rowlands last November, had to be in by yesterday. And the Western Mail can reveal that Griffiths has decided to enter the race. If he is successful, it would mark a return to the corridors of power for a man who was a dominant figure in Welsh rugby for the best part of two decades. Griffiths was WRU treasurer from 1985 to 2003 and then chairman from 1997 to 2003, during which time he was arguably the most powerful man in the game. .
GemTradeNet.com Introduces Online Gems & Jewelry Auctions
Los Angeles, CA (FV Newswire) - In 2007, GemTradeNet.com has taken its innovation and technological ingenuity to new heights. Having already earned the unique distinction of being a pioneer of the online B2B Gems and Jewelry marketplace, GemTradeNet.com is constantly striving to introduce new features and tools to streamline buying and selling. It is with this vision and mission GemTradeNet.com has launched the Auctions category.
Online gem and jewelry auctions are a very popular way of selling over the Internet. Sellers can add items to the auction listings by choosing a starting bid price, a reserve price and a Buy it Now price. All auction listings are featured in the main category pages, as well as in the Auctions section. Buyers view the details and can enter their bids to participate in the auction.
Bidding Availalbe On Waples' Driving Suit
It's the final order of business from Western Fair Raceway's overwhelmingly successful fundraiser on January 29th which brought a life saving defibrillator to the track in support of the Chase McEachern Tribute Fund of the Canadian Heart and Stroke Foundation. That evening in London, Randy Waples marked his return to active driving duty after a six month recovery from the injuries he suffered in a racing accident at Mohawk last Summer. In addition to dozens of horsepeople, members of the public and staff donating that night, Waples also contributed a custom driving suit which is now available for bidding through an Ebay site auction at www.quikdropbarrie.com. The suit, and the progress of the bidding, can be accessed by going into the designated "Chase Fund Raiser" down the left column.
Fundamental E-Commerce Patent with Early Priority Date to Be Sold ...
CHICAGO--(BUSINESS WIRE)--Ocean Tomo Auctions today announced it has been engaged to sell a fundamental business method patent related to internet shopping and electronic commerce. The patent will be offered for sale at Ocean Tomo's first private auction to be held on Thursday, May 10, 2007, at Ocean Tomo's global headquarters in Chicago, Illinois. U.S. Patent Number 5,895,454 ("the '454 Patent"), entitled "Integrated Interface for Vendor/Product Oriented Websites," discloses a method of allowing users to interact with vendors and their product or service offerings by querying a database to view, order and pay for products or services using the Internet. The patent has been forward-cited more than 80 times by 38 companies' patents, including such leading companies as Amazon.com, Accenture, CNET Networks, Microsoft and Yahoo!.
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