• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.52
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• pp.25-44
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• 2011

Possibility of credit risk, foreign exchange risk and interest rate risk of exporter increases in the recent international Commercial transactions, due to financial crisis of Europe and liberalization of Middle East. Under this circumstance, Forfaiting is trade finance that forfaiter purchase negotiable debt instrument without recourse from exporter, which occurred related with international commercial transactions, and credit risk, contingency risk, foreign exchange risk and interest rate risk of exporter can be transferred to forfaiter. Forfaiting is typically medium-term finance(three to five years) concluded at fixed interest rate, although it can also arranged on a floating interest-bearing basis for periods from six months to ten years or more. But Forfaiting service of Korea has limitation as follows. First, forfaiting in Korea deals with unrestricted irrevocable documentary credit as debt instruments. Period that forfaiting is provided is short and amount of money is limited, compared with advanced forfaiting. But forfaiting provided in advanced countries deals with various methods such as guarantee for bill, payment guarantee, and can be resold in financial market. Recently importance of forfaiting is increasing in international commercial transactions. Therefore profound study on forfaiting is required. The study will examine the risk that happens to the concerned parties in forfaiting, and its management measures. The study adopted literature review method such as local and foreign books and papers about trade finance, internet information about forfaiting, and professional journal related with international finance.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.11
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• pp.223-234
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• 2021

This study aims to examine whether operating cash flows influence banks' financial stability in Pakistan. The study employed annual panel data collected from annual reports of 20 commercial banks listed on the Pakistan Stock Exchange for the year 2011 to 2019. Free cash flow yield was taken as the dependent variable while cash flow ratio was selected as the independent variable, and net interest margin, income diversification, asset quality, financial leverage, the cost to income ratio, advance net of provisions to total assets ratio, capital ratio, financial performance, breakup value per share and bank size were taken as control variables. The study performed ordinary least square technique, random and fixed effects models, Hausman test, Lagrange multiplier test, descriptive and correlation analysis. Results showed that operating cash flows and net interest margin significantly and positively influenced banks' financial stability while the cost to income ratio and advances net of provisions to total assets ratio significantly and negatively associated with banks' financial stability. To improve financial stability, banks should become more cost-effective and enhance their liquidity levels by lowering lending activities. In the future, it would be useful to compare commercial and investment banks, also Islamic and conventional banks in the same research setting.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.249-261
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• 2021

To tranquilize the devastating impact of unnecessary risk-taking behavior of banks towards the economy for maximizing their profits that usually arises due to widely known 'moral-hazard' problem originating from market competition and intensified by bank's limited liability, the banking system is strongly monitored across all countries of the world. The goal of controlling would become more feasible if there exist some self-discipline and motivations which could safeguard the banks' charter value through the mechanism of market discipline. Therefore, our study is aimed to scrutinize the relation between market discipline and charter value of local commercial banks that are registered on the Pakistan Stock Exchange by analyzing a balanced panel data from the year 2007 to 2019. Deposit growth, interbank deposits, and subordinate debt are taken as proxies to measure market discipline whereas Tobin's Q theory is applied for calculating the charter value. Generalized Least Square Regression with Fixed Effect Model is used for evaluation. The outcomes reveal that in the existence of control variables, all proxies of market discipline have a significant positive impact on bank charter value. Our research has important policy implications for monitoring and supervising financial intermediaries for their stability and soundness by offsetting the complications of moral-hazard in the financial systems.

• Korean Journal of Computational Design and Engineering
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• v.9 no.1
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• pp.11-18
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• 2004

CAD systems have been developed with network technology and it is needed to exchange product data among them. STEP becomes world-wide international standard to exchange CAD data among various heterogeneous CAD systems in manufacturing industrial fields. We report results to test errors that can happen when exchanging STEP files of product model through the STEP translator of different commercial CAD systems. Also the tests of Korean Character, Hangul, have been carried out. And also we report the STEP rallies held twice in Korea and several rounds abroad, and their testing results are shown as tables and graphs. The tested results can be used for exchanging product models to the next domestic STEP Rally and extended to Northeastem Asian STEP rally by steadily contacting with the organizations for Asian STEP centers such as JSTEP(Japan) and CSTEP(China). Finally we expect that the result can be used to specify STEP standardization in the field of managing product data.

• Fibers and Polymers
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• v.7 no.2
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• pp.112-116
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• 2006

Caprolactam is the most important raw material for making Nylon 6 fibers and its quality directly determines the quality of Nylon. So it is necessary to study the techniques and methods to remove the colorful impurities from caprolactam. In this paper, the decolorization of caprolactam aqueous solution by anion exchange resins was studied and the decoloring abilities of five commercial resins were investigated. The regeneration of the resins was also studied, too. This study shows that the resin AMTX202 have excellent decoloring ability in the column experiment and that the decoloring efficiency is correlated with the volume of resins packed and is slightly affected by the flow rate and regenerating times. The fact that the resins can be regenerated and reused without affecting the efficiency of decolorization will decrease the cost of the treatment and operation in the industry. The adsorption of colored compounds with anion exchange resins in the packed columns seems to be technically feasible.

• International Journal of CAD/CAM
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• v.2 no.1
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• pp.55-67
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• 2002

In many areas of industry, it is desirable to have fast and reliable systems in order to quickly obtain suitable solid models for computer- aided analyses. Nevertheless it is well known that the data exchange process between CAD modelers and CAE packages can require significative efforts. This paper presents an approach for geometrical data exchange through triangulated boundary models. The proposed framework is founded on the use of STL file specification as neutral format file. This work is principally focused on data exchange among CAD modelers and FEA packages via STL. The proposed approach involves the definition of a topological structure suitable for the STL representation and the development of algorithms for topology and geometry data processing in order to get a solid model suitable for finite element analysis or other computer aided engineering purposes. Different algorithms for model processing are considered and their pros and cons are discussed. As a case study, a prototype modeler which supports an exporting filter for a commercial CAE package has been implemented.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 2005.06a
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• pp.1326-1331
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• 2005

A product is designed through the collaboration among engineers in several fields such as design, analysis, and manufacturing. These series of functions are performed repeatedly during the design process. An easy access and exchange of the model data is one of the important elements that help to shorten production development time. Especially, the importance of data exchange between CAD and CAE applications is increasing in the field of verification and estimation of the products. However, information and knowledge of model which is generated by a CAD software cannot be transferred by a function of CAE software, as an exchange of product data between CAD and CAE applications. It causes a delay in design analysis and eventually discourages a designer's effort in improving his design. Therefore, we need to integrate a commercial CAD and CAE applications effectively and to use the same interface on a product model obtained in a distributed environment. This paper shows how to implement a model exchange between CAD and CAE by a web-service and how to provide a communication environment among engineers.

• Membrane Journal
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• v.23 no.6
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• pp.469-474
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• 2013

An anion exchange membrane was prepared for a separator in the alkaline water electrolysis. An anion exchange membrane was prepared by the chloromethylation and amination of polyvinyl chloride (PVC) used as a base polymer. The membrane properties of the prepared anion exchange membrane such as the membrane resistance and ion exchange capacity were measured. The minimum membrane resistance of the prepared anion exchange membrane was $2.9{\Omega}{\cdot}cm^2$ in 1M NaOH aq. solution. This membrane had 2.17 meq./g-dry-membrane and 43.4% for the ion exchange capacity and water content, respectively. The membrane properties of the prepared anion exchange membrane was compared with that of the commercial anion exchange membrane. The membrane resistance decreased in the order; AHT>IOMAC> Homemade membrane> AHA>APS=AFN. The ion exchange capacity decreased in the order; Homemade membrane>AFN>APS>AHT>AHA>IOMAC.

• Membrane Journal
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• v.33 no.3
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• pp.137-147
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• 2023

In this study, Br-PPO was developed by applying additive organic particles through a suspension polymerization synthesis method. The anion exchange membrane fuel cell system performance was evaluated using it to an anion exchange membrane. To improve the performance, organic ion exchange particles were prepared and added to the anion exchange membrane. Chemical structure analysis and synthesis were determined through FT-IR and NMR, and tensile strength and thermal stability were measured through TGA and UTM to determine whether it could be driven. Before the anion exchange membrane fuel cell test, the performance was evaluated by measuring the ion conductivity and ion exchange capacity. Finally, the Br-PPO-TMA-SDV (0.7%) anion exchange membrane with excellent ion conductivity and ion exchange capacity was introduced into the fuel cell system. Its performance was compared with FAA-3-50, a commercial membrane, to determine whether it could be introduced into a fuel cell system.

• Proceedings of the CALSEC Conference
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• 1999.07b
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• pp.501-508
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• 1999

In this paper, we discuss about the implementation of CITIS(Contractor Integrated Technical Information Service) which is information infrastructure for CALS. CALS concept is introduced by DoD(Department of Defense, US) to exchange technical data of product's life cycle electronically. This CALS concept is accepted by commercial industrial area and considered as a part of global concept of Electronic Commerce. CITIS- a service defined by MIL-STD-974- is about to be implemented by commercial industrial society, too. But, until now there is a few sites implementing CITIS and especially in Korea. In this paper, we discuss characteristics of some CALS/CITIS implementation and solutions, and introduce ETRI-CITIS.