Overview/Description Mortgages and auto loans make up the majority of the loans at retail banks. Mortgage loan components include the principal, interest rate, mortgage term, amortization period, and repayment schedule. Individuals applying for mortgage applications are considered for credibility, down payment, and income or expense ratios. With an approved mortgage comes responsibilities for both the borrower or mortgagor, and the lender or mortgagee. Auto loans are similar to mortgages. Assets and liabilities, securities attached to the loan, credibility, the debt-to-income ratio, and the...

Overview/Description Bank tellers are the face of retail and commercial banks. Even with the move to online and electronic banking, tellers represent the bank and their values. They promote financial products and services while ensuring accurate transactions that comply with bank policies and regulations. They often handle credit card payments and transactions, and would work with the various types of credit cards in the transaction process as they are very knowledgeable in the details and know the value of the cards to banks and consumers. This course examines the basic bank teller roles...

Overview/Description Internal controls and banking technology rely on each other to mitigate risks, and at the same time, drive innovation in banking technology and services. Internal controls are used to achieve operational success by increasing efficiency, consistency, reporting accuracy, and compliance. Banking technology is constantly evolving to suit the needs of banks and their customers. An effective interrelation between internal controls and banking technology helps achieve operational success. This course covers the basics of internal bank control, including major internal...

Overview/Description The commodities and energy markets are generally considered to be some of the largest markets in existence. Every day billions of dollars of commodities such as oil, coal, gold, and sugar are bought and sold between various traders acting on behalf of producers, manufacturers, and financial institutions. The derivatives market has seen explosive growth around these markets over the decades. Although traditionally used by farmers and other manufacturers to protect themselves against price movements that would affect their profitability, derivatives are now widely used by...