Literature on HSBC Essay Example for Free

Literature on HSBC EssayLegacy HSBC Group. HSBC Bank is a key segment of the HSBC group which was specifically established for trading with India and China in the hey days of the British Raj in 1865, afterwards a necessity for the same was felt by Thomas Sutherland who identified that Hong Kong lacked local banking facilities. The bank has been mainly dominant in the Asia Pacific region and has pi unmatchedered modern banking facilities in these aras. It is now seen to take up its earlier mantle and is creating a new wave of modernised banking in the emerging economies of atomic number 99 and South East Asia. Based in London and with operations around the world, HSBC Holdings plc is reported to be the biggest bank and financial service banking company in the World with operations around the World in 9,500 offices and presence in 80 countries across the globe. Its sh be holders are said to be spread in 100 countries. HSBC Personal Banking. HSBC has a number of progressive per sonal banking schemes as it calls itself the Worlds local bank. (Express Banking, 2006). Some of the initiatives it has are schemes such(prenominal) as elicit banking which is designed to save time.This includes paying a bill online, thereby encouraging internet banking, use of cash in machines and mobile phone top ups. (Express Banking, 2006). The bank is also extensively passing gameing gifts for such schemes to include entrancing offers as a 42 inch Phillips Plasma television for using its cash machines. (Express Banking, 2006). Its personal insurance policy services are similarly attempting to induce customers to go online. Thus a 10 percent usher out is offered when a person buys on line car insurance.The no claims discount limit has also been embossed to 70 % and there is a monthly installment option which has also been included. (Car, 2006). It has also services which abide be availed by customers by providing prior intimation of their renewal dates to the bank and on ce again are provided attractive prizes for the same. The mortgage services offered by HSBC are also very innovative and provide non just for a loan but complete services such as mortgage offers, choices for repayments, wide-ranging interest rate option and tailoring these to the prices.(Mortgage, 2006). There are separate services on offer to first time buyers who can also remortgage as well as use the home to strike more. Similarly the home insurance features also offer very heavy discounts for switching to HSBC Home Insurance, address to settle claims over the phone without completion of forms and provide for replacements. HSBC Business Banking. HSBC cable banking facilities are also unique. It has 12 months free banking facility extended to a current account holder which provides for borrowing at rigid rates large sums up to ?25,000.The service also includes foreign exchange rates for foreign capital payments for HSBC net customers, provides for management of trading in Ch ina and a moneymaking(prenominal) card enables a 56 days interest free credit. Banking for business is carried out through the commercial centres which provide multiple facilities to customers. For business there are other factilities that are being provided such as business internet banking as well as HSBCnet which provides larger companies with a complete range of services on the internet including government note finance.There are a wide range of business insurance piles that have been made functional by the bank, to include virtually all the possible contingencies for which insurance is required by business such as small business for turnover less than ? 1 million or less than 10 employees, commercial packaged insurance, customer packaged insurance, business car insurance and keyman insurance for prinicpals. The insurance package also covers share holders and partners, professional indemnity and trade credit.(Insurance, 2006). International Business Banking. The international services provided by the Bank include import and export bills clearance, guarantees and documentary credit. The Bank also provides many other forms of assist to businesses to include opening of a business overseas. (International, 2006). The debit and credit card processing facilities include acceptation of debit and credit card at the place of work, over the internet, by mail order, fax or even on telephone.The finance and loans services being provided to the business by HSBC includes flexible overdraft, cash against invoices, protection against bad debts, small business loans at fixed interest rates upto ? 25000, flexible loans, financing of commercial properties, equipment, mortgages, vehicles and so on. Business managers are also provided with cash flow management services and fixed trammel rates on high interest Deposit Bonds over ? 5,000. HSBCnet is an advanced service provided for businesses which enable these to have got out futuristic online banking.This is considered ideal for small businesses who do not want to invest in an informal financial management organisation. Thus it provides tools such as cash management, reporting and trading along with analytics and research. (hsbcnet, 2006). The customers are continually provided high quality services on HSBCnet such as management of foreign currentness transactions as easy as domestic transaction, payments and account transfers at par with operations of a domestic account. The basic advantage provided is that a customer does not have to change his platform to access code different types of services.Chapter 4 Findings Findings are derived from qualitative and quantitative analysis. Data analysis is meant to calculate correlations between variables. The invention is to find relations among the variables. Correlation is a measure of the degree of linear relationship between twain variables. A positive correlation occurs when both variables either increase or decrease. Negative correlation occurs , when one variable increases and the other decreases. The detailed findings of the primary and secondary research carried out based on qualitative and quantitative collation are as per succeeding paragraphs.