Credence Independent Advisors Economic Review for the Last Week

September 8, 2014 – They decreased their deposit rate to -0.20% and interest rate to 0.05% and declared two new programs through which they will buy asset backed securities and bonds. The news announced the dropping of the euro to 1.29 US dollars.

The purchasing managers’ index was also changed downwards. The total Markit PMI output went down to 52.5, which is lower than the expected 52.8 and the 53.8 that was July’s concluding output. In July Eurozone’s retail sales decreased by 0.4%, after witnessing an increase of 0.3% in June. The decline in July was more than expected.

In the United Kingdom, the Bank of England managed to keep up its asset purchase ceiling at £375 billion. It also managed to regulate its bank rate at 0.5%, which has been maintained since early 2009.

The finance minister of Germany, Wolfgang Schauble stated that they might miss their growth target of 1.8%, let alone exceed it, as he had expected two months earlier.

The economic status of US remained healthy, and the latest news pointed to a steady recovery. In August alone, employers made an addition of 142,000 jobs, which lowered the unemployment rate to 6.1%.

For the FOMC meeting that will take place in the mid-September, the Fed issued their Beige Book. The spending rate of consumers and residential real estate happenings are positive, but reserved. Almost all of the districts have reported a lacking of skilled labor, and the price pressures stay low.

The pending home sales in July also increased more than expected. The trade gap in the US was also shortened by 0.6% in July to US$ 40.5 billion because of the increase in imports and exports. The official increasing rates were 0.7% for imports and 0.9% for exports.

The Brent price decreased lower than $100 last week, due to which energy stocks struggled.

The decrease in Chinese demand for iron-ore led to prices falling under $85/ton which is a record decrease in 5 years.

The Fed will set a rate during a period of full employment and steady inflation of 2%, this is defined as the neutral Fed rate. This Fed rate, even though it is just an estimate, still has a lot of significance, since it will act as a determinant for long-term bond yields.

Credence Independent Advisors was born from compelling opportunity in the financial services world. In the ever changing dynamic world of financial services it is important for us to tailor advice and solutions to individual needs. Clients need solutions that make them money and preserve their capital and advisors need happy clients with increasing wealth under management. By harnessing the skills of top quality experienced professionals and cutting edge technology, we are able to bring what was previously only available for multi-million dollar clients to a wider reaching client range and we have done this independently.

What Are The International Standards Of Biometrics?

Irrespective of the country that you may hail from, a passport is one of the most important documents that you will possess. Apart from serving as the most important travel document with information of nationality and visas, the document also serves as an important form of identification and proof of residence.

In order to safeguard this, and prevent identity and passport fraud, many countries are now introducing a number of procedures, chief among which is the use of biometrics. By combining paper and electronics, many government agencies are now pushing citizens to go in for Biometrics Enrollment to safeguard their documents. Making use of a microprocessor chip and an antenna embedded in the front or back cover, the critical information housed in the passport is also stored in the chip.

By and large, the standardised levels that are employed for identification include facial recognition, fingerprint recognition and iris recognition. This data, in the form of an image, is then stores all this in the embedded chip. Depending on the country you hail from, citizens may have to go in for a completely new passport or get the chip integrated with their current document. It is advisable to inquire about this with the relevant authorities before signing up for Biometrics Enrollment.

How do you avail Biometrics Enrollment services?

You will need to visit the relevant Ministry offices and submit your digital photographs as well as fingerprints. Once captured, the Biometrics Enrollment Process with collect the same and transfer the data, via an inserted chip, into your passport. Biometrics Enrollment Services will vary, though, based on the approved method of data transfer in accordance to any local laws that may apply.

Apart from official channels, many embassies and consulates also outsource their consular services. This means that, apart from official channels, one can also go visit various visa and passport outsourcing firms to help with their Biometrics enrollment. It is important, though, to ensure that these firms have all their procedures in place, and that the same are certified with the consulate of your country.

Biometrics Enrollment comes with quite a few benefits, though. The first and foremost benefit is the protection that your data gets. With an encoded chip placed inside the passport, it becomes difficult for anyone to copy the said data and also makes identity theft that much more difficult. In addition, many official bodies from different countries already have Biometrics Enrollment services in place or are in the process of getting Biometrics Enrollment in place.

How to Use Online VISA Processing Systems?

All travellers, while making their plans to visit or stay in other countries, are required to have a valid travel document accepted internationally, normally in the form of a passport, with a valid visa. While the normal procedure to get a visa includes getting an invitation letter, obtaining a form from the local embassy and sending the same across with the relevant documents like a bank statement, a birth certificate, letter of good conduct, education certificates or a letter of recommendation from their current employers or schools, applicants can also make their way around this process by using online Visa services.

With the use of online Visa Application Services, travellers can apply for a visa to the country of their choice and fill in the form accordingly. Depending on the country that you want to travel to, the relevant application form must be submitted to the concerned authority before or on the scheduled date of the visa interview. Along with the form, the documents as mentioned above must also be submitted for validation. Before applying for a VISA online, though, it is important to check a few things first.

Depending on the country of origin, citizens are advised to check if they are required to apply for visa in the first place. In case of countries like the United States, most countries across the globe do not make the need to apply for a Visa mandatory in cases of leisure travel. However, it is important to understand which kind of visa you would want to apply before going in for Visa processing. Student visa, work permits and visas as well as business related visas come with separate kinds of forms and requirements. It is thus essential to make sure that you are looking for the right kind of Visa application services.

Online visa applications, though, make the process both easy and crystal clear. For the most part, every country will clearly list out which documents you will be required to bring for validation. The online form also ensures that Visa processing be done, by and large, seamlessly and efficiently. Many embassies also outsource their consular services to other firms, making it easy to get the right kind of information and attested documents easily.

These firms also help you understand the myriad forms of information, help you access the right and accurate forms of information, help with scrutinising your passport applications and documents and even accept your application and help with processing the same. It should be noted, though, that the fees for these services depend on the nature of the task, as well as the kind of Online Visa that you are applying for. Thus it is important to get as much information as you can before going in for Visa Application services and Visa processing.