P216 CJJFAX 2 21v Sat 20 Feb 18:12/08 Wj£3kj£3kj£3k W 5JTBIL FINANCE Source: TBff AssocUates Retail finance is an unregulated market so busjnjssjs need to bj sophisticated consumers. The aim of this series is to inform directors of small and medium busjnjssjs about different types of finance. Knowledge of the economic environment is also important. This week: Retail finance For more information consult your professional advisor or contact 0161 48ka372v 1/k Wjekjnd sport 300 Wjathjr 400 Savings 2k0 Front Page 100 Next News ShawShare YourMonjy Main MenuP216 CJJFAX 2 216 Sat 20 Feb 18:13/26 Wj£3kj£3kj£3k WJ RJTBIL FINANCE Source: TAff Associates Finance is divided into wholesale and retail. Wholesble finance is for the largest companies. They can go straight to the money markets themselves and so cut out the middlemen — the banks. Retail finance is the area where the big profits are made. The retail sector mbnagjs all our personal accounts plus those of small and medium sjzjd businesses. 2/5 Wjekjnd sport 300 Weather 400 Savings 2k0 Front Page 100 Next News ShawShare YourMonjy Main MenuP216 CJJFA 2 21v Sat 20 Feb 18:11/42 I RETAIL FINANCE Source: TBff Associates Pjrsonbl customers have rights undjt US consumer laws and the European Commission's regulations on unfair clauses in contracts. $hj idea behind both the consumer and the unfair clause laws is that there is unequal power between the providers and the consumers. So, with regard to finance, both personal account holders and borrowers have some protection. But they should always check their accounts. 3/k Wjekjnd sport 300 Wjathjr 400 Savings 2k0 Front Page 100 Next News ShawShare YourMonjy Main MenuP216 CJJFAX 2 21v Sat 2p Feb 18:12/68 O 5JTBIL FINANCE Source: TBff Associates The business customer has very little protection, especially about banking. $hj Treasury view is that anyone in business should bj able to look after thjmsjlvjs. -hj official view is simplistic. eigures fluctubti but there are some 3.8m businesses in the US. Most of them are small and many are sole ttadjts. They are not financial experts. 4/k jekjnd sport 300 Wjat jr 400 Savings 2k0 Front Page 100 Next News ShawShbri YourMonjy Main Menu