(1888PressRelease)
May 14, 2009 - Global Reserve & Finance’s Position in the Financial Marketplace.
Advances in the financial services industry allows consumers to get banking services from many different financial institutions, such as Savings Banks, Savings and Loan Associations, Credit Unions, Alternative Lenders, and Offshore Finance Companies; which all compete openly with commercial banks.
“As an offshore finance company Global Reserve & Finance acts in some respect as a middleman between suppliers of funds and users of funds,” states a spokesperson for Global Reserve. “Similar to banking institutions it will collect those funds from four sources: checking accounts, savings accounts, time deposits and equity capital. Global Reserve & Finance generates income by reinvesting funds gathered from depositors and other sources and will provide loans. In making loans, Global Reserve & Finance also earns income on the repayment of its loan portfolio.”
Additionally, Global Reserve & Finance may act as an agent for customers in primarily two bank-related functions: initiating payment orders to third parties, either by check or electronic funds transfer; and operating cash management for corporate clients.
About Global Reserve and Finance
Global Reserve and Finance Ltd. is headquartered and incorporated under the laws of New Zealand. The company offers CD’s, savings accounts, commercial lending, estate planning, and access to a hedge fund and trading platforms. To learn more about GRF visit their website http://www.globalreserve.co.nz
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