INDIVIDUAL ASSIGNMENT CREDIT MANAGEMENT MFS2093

REPORT EDUCATIONAL TALKS BNM AND AKPK

MUHAMMAD HASIF BIN MOHD YUSOF 028790 DIPLOMA IN FINANCE 6

REPORT PREPARED FOR MADAM RASHIDAH BINTI MOHAMAD IBRAHIM

Malaysian Currency

BNM describes the introduction of the currency in Malaysia during the early stages it notes and coins issued. Bank also informs the public about the characteristics and differences of banknotes and coins genuine fake. The first series of Malaysian banknote was issued by bank negara Malaysia (central bank of Malaysia) in June 1967, comprising RM1, RM5, RM10, RM50, RM100 and RM1000 denominations. The second series with Malaysian traditional and cultural ornamental designs was released in august 1982, comprising rm1, RM 5, RM10, RM 20, RM 100, RM 500 and RM 1000 denominations. The third series with wawasan 2020 (vision 2020) design was released in February 1996, comprising RM1, RM2, RM5, RM10, RM10, RM 50 and RM 100 denominations Bank Negara Malaysia (BNM) has made an announcement on the release of the 4th Series of Malaysian Banknotes into the circulation starting from 16 July 2012. This new series of banknote will co-circulate with the existing banknotes which remain as legal tender. The theme chosen for this new series of Malaysian Banknotes is 'Distinctively Malaysia' which features the traditional expressions in the art and craft, natural wonders, flora and fauna, economy and tradition. It draws its inspiration from elements which distinctively define the country's diverse culture, heritage and nature.

Get to know your banknotes with feel, look and tilt. Feel. Paper and raised print. Polymer notes made of special plastic with raised print effect on portrait and text (RM1 and RM5). Paper is rough with raised print effect on portrait and text (RM10, RM20, RM50, and RM100).

Look. Watermark portrait, perfect see through register, security thread and clear window. Clear window with numeral visible from both sides of the polymer banknote (RM1 and RM5). 3-Dimensial portrait effect and perfect see through register (RM10, RM20, RM50 and RM100). Continuous dark color line of security thread with micro text (RM10, RM20, RM50, and RM100).

Tilt Thread with color change (RM10, RM20 and RM50). Thread with Hibiscus Flower icon that move (RM100).

BNMLINK

BNMLINK represents one of Bank Negara Malaysia's important points of contact with the general public. BNMLINK through its exhibitions, self-service kiosks and booklets also provide consumer financial education as well as awareness on the role of Bank Negara Malaysia in nation building to the public. BNMLINK provides face-to-face customer service to walk-in visitors on general enquiries and public complaints. Through its exhibitions, BNMLINK provides the public with information on access to financing especially by the SMEs as well as information on conventional and Islamic banking and insurance and takaful. Information on the role and responsibilities of members of the public as consumers of financial products and services are also provided.

Services available at Bank Negara Malaysia LINK

Attend to general inquiries and public complaints in matters related to the financial sector;

Provide information on the regulatory aspects of banking and insurance products and services, SMEs financing, Islamic banking and takaful as well as foreign exchange administration;

Receive foreign exchange administration applications and provide information and clarification on foreign exchange administration matters;

Central Credit Reference Information System (CCRIS) for reference of personal credit information;

Exchange of mutilated currency notes; and Sales of Bank Negara Malaysias publications.

AKPK
AKPK is an agency set up by Bank Negara Malaysia to help Individuals take control of their financial situation and gain peace of mind that's come from the wise use of credit. Through AKPKs Debt Management Programme (DMP), our counsellors will work with you to develop a personalised debt repayment plan in consultation with your financial service providers. AKPK does not provide loans or financing. Our DMP is available to all individuals who need assistance in managing their personal debts with financial service providers regulated by Bank Negara Malaysia, provided that:

You have a positive net disposable income after meeting all your expenses Your total debt exposure does not exceed RM2 million You are not under any advanced litigation process such as bankruptcy notice/creditors petition etc.

You are not adjudged bankrupt

AKPK also advise us to carefully and wisely plan our financial position through meet their agent. Future planning our financial will meet our desire to accomplish our target, must start from early and choose carefully the right institution to invest for the right uses. Diversity your invest sources if you want get high return on future but higher return higher risk and diversity your risk.

CONCLUSION

Educational talks may use my personally , my studies and my future career because it is all related to the management that is often used now in the business and our organization , it is very important knowledge to learn and apply as needed .

Bank Negara Malaysia and agency AKPK one of the important institutions of our country , education talks as this will increase my knowledge about these institutions and how these institutions mobilizing our country currencies, money , lending , investing and financial management .

In addition, this discussion helped my research as it pertains to courses and subjects that I learned. Some little information and details give some knowledge to me as those described in the lectures and tutorials are just the basics, not entirely learn in class without discussion.

Educational talks like this help my future career, from information gained I now know what it takes to apply for a job related to my course of finance courses, additional information such as the introduction of new banknotes and coins, the introduction of financial institutions in our country, the lending process, financial management, and awareness of financial fraud can help me when the interview for my future career.