imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Transaction processing''.
| | Document submitted to the UK Registrar of Companies when seeking registration of a company. |
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| In transaction processing, friction is any delay or expense relating to a transaction.
| | The memorandum sets out information including the company name, the company’s objects and the company’s registered office. |
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| The associated costs are known as 'friction costs'. | |
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| Friction costs include time and distraction, as well as direct transaction charges.
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| Any delay, inefficiency, or unnecessary expense in any process.
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| 3. ''Behavioural skills''.
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| Disagreement and potential unfriendliness resulting from different opinions or perspectives.
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| Characteristic behaviours of the Belbin teamworker role include listening and averting friction.
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| :<span style="color:#4B0082">'''''Natural biases and friction in credit rating presentations'''''</span>
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| :"Internal consent about what a realistic rating outcome may look like is important for achieving alignment among senior management team members as they engage with the rating analysts.
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| :Natural biases exist with different parties and this can lead to friction during the preparation process. CEOs tend to focus on value creation through (debt-funded) growth, while CFOs prefer a conservative approach to deploying the balance sheet for growth initiatives.
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| :It is imperative to find alignment about the pace and magnitude of strategic developments, as well as the funding approach, before presenting the issuer credit story to the rating analysts."
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| :''Credit ratings: helping supply to meet demand. The Treasurer's Handbook.''
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| == See also == | | == See also == |
| * [[Behavioural skills]] | | * [[Articles of Association]] |
| * [[CEO]] | | * [[Certificate of incorporation]] |
| * [[CFO]] | | * [[Memorandum of understanding]] |
| * [[Cognitive bias]] | | * [[Objects clause]] |
| * [[Credit ratings: helping supply to meet demand]] | | * [[Offering memorandum]] |
| * [[Frictionless trade]] | | * [[Registrar of Companies]] |
| * [[Hysteresis]] | | * [[Registration]] |
| * [[Payments and payment systems]]
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| * [[Ratings]]
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| * [[Straight-through processing]]
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| * [[Teamworker]]
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| * [[Shareholder value]]
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| [[Category:Working_effectively_with_others]] | | [[Category:Treasury_operations_infrastructure]] |
| [[Category:Cash_management]]
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