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    Facultative reinsurance is a type of reinsurance. Reinsurance is insurance for insurance companies. With facultative reinsurance, an insurance company buys reinsurance for individual insurance policies one at a time. This is different from treaty reinsurance, where an insurance company has an agreement with a reinsurance company to reinsure many insurance policies automatically. How facultative reinsurance…

  • What is a Credit Analyst?

    A credit analyst is someone who works at a bank or other place that lends money. They look at information about companies or people who want to borrow money. The analyst figures out if lending the money is a good idea or too risky. Where Credit Analysts Work You can find credit analysts working at:…

  • What is Day Trading?

    Day trading means buying and selling stocks, bonds, or other financial items many times during one trading day. People who day trade try to make money from small price changes that happen throughout the day. They close out all their trades before the market shuts down each day. How Day Trading Works Day traders watch…

  • What is basis price?

    Basis price is the price used to figure out if you made or lost money on an investment. It is calculated by taking the price you paid for the investment and subtracting the price you sold it for. You also have to add in any fees or commissions you paid. An example of basis price…

  • UniCloud Africa launches sovereign cloud for Africa

    UniCloud Africa introduced a continental infrastructure service on Wednesday designed to keep enterprise data within regional borders while reducing reliance on foreign currency and overseas providers. The platform supports African organizations with computing resources, application hosting, and backup systems stored entirely in local facilities that comply with national privacy laws. Chief executive Ladi Okuneye said…

  • FirstBank adds PAPSS to LIT app payments

    FirstBank added a Pan-African payment system to its LIT mobile application that lets users transfer money across the continent without converting to foreign currency. The platform connects with infrastructure built by the African Export-Import Bank to process transactions in local currencies between participating nations. Group Executive Chuma Ezirim said the bank wants to expand digital…