04/29/2009

Posted by Deepak Kumar Madhavan

Domain tip of the day:

DERIVATIVE:
Derivative is a product whose value is derived from the value of one or more basic variables, called bases (underlying asset, index, or reference rate), in a contractual manner. The underlying asset can be equity, forex, commodity or any other asset. For example, wheat farmers may wish to sell their harvest at a future date to eliminate the risk of a change in prices by that date. Such a transaction is an example of a derivative. The price of this derivative is driven by the spot price of wheat which is the “underlying”.

Derivative contracts have several variants.The most common variants are Forwards and Futures

Forwards: A forward contract is a customized contract between two entities, where settlement takes place on a specific date in the future at today’s pre-agreed price.

Futures: A futures contract is an agreement between two parties to buy or sell an asset at a certain time in the future at a certain price. Futures contracts are special types of forward contracts in the sense that the former are standardized exchange-traded contracts.

Technical tip of the day:

Mainframe:

When we use SORT for bigger files,we can use DYNALLOC along with sort.This dynamically allocates Sortwork space.
If we handle records in millions using this we can save some execution time.

eg: SORT FIELDS=COPY,DYNALLOC=(SYSDA,255)

Notepad Tip:

This is useful when troubleshooting a problem where you need to record what is happening at specific times:
1)Open notepad
2)Set the first line to be ( as .LOG in uppercase) .LOG
3)press enter and save/close the file
4)Every time you open the file, notepad will automatically insert the system date/time at the end of the file and add a new line where you can begin typing

Math Play:

Mostly we use our cell phone and calculators to do any multiplication.
For a change try this .
When we mulitply any 3 * 3 number maximum number of digits we can get will be 6 and maximum value can be (999 * 999 = 998001).
Let me take this way 123 * 456 = abcdef
eg : 123 *
456
————–
56088
————–
step 1) First step multiply 3 * 6 = 18 ;8 will be moved to’ f ‘ and 1 will be carried over
Step 2) (2 * 6 ) + (3 * 5) =27 add this value with carry over number from step 1= 28 ;8 will be moved to ‘e’ and 2 will be carried over.
Step 3) (1 * 6) + (2 * 5) +(3 * 4) = 28 add this value with carry over from previous step = 28 + 2 = 30 ;0 will be moved to ‘d’ and 3 will be carried over
Step 4) (5* 1) + (2 * 4 ) = 13 ,add carry over from precious step 13+ 3 = 16 ;6 will be moved to ‘C’ and 1 ill be carried over.
Step 5) (1*4 ) = 4, add carry over from previous step 4 + 1= 5 ; 5 will be moved to ‘b’
Step 6) 0 will be moved to ‘a’

IT News:

IBM on Tuesday (April 28 th 2009) launched a new versions of DB2 and InfoSphere Warehouse software.
Code-named ‘Cobra’, the new version of DB2 reduces an even greater amount of space needed to store data, helping clients save up to 75% on related energy costs. The new software includes workload management and autonomic computing features that improve the performance of key applications such as closing quarterly financial reports and helping IT staff more efficiently manage their growing data, leading to a time savings of up to 35%.

The software will also help companies better utilize hardware, improve administration efficiency, easily run applications written from other database software, and generate new intelligence.

Interesting Facts :

1. Asia is home to nearly 80% of the world’s 315m (m-million) motorcycles. About 45m of those are in India, the region’s second-biggest fleet after China, with more than 100m.
2. Sales of two-wheelers in India are running at about 7m a year,outstripping those of cars by nearly five to one.
3. Not even one in a hundred Indians owns a car,but one in 20 owns a two-wheeler (may Nano change this trend).
4. Indian Railways has one of the largest and busiest rail networks in the world, transporting over 18 million passengers and more than 2 million tonnes of freight daily.
5. Indian Railways is the world’s largest commercial or utility employer, with more than 1.4 million employees.

Quotes of the day:
· I am a slow walker, but I never walk backwards.
– Abraham Lincoln
· If I had eight hours to chop down a tree, I’d spend six hours sharpening my axe
– Abraham Lincoln
· Good ideas are common — what’s uncommon are people who’ll work hard enough to bring them about.
– Ashleigh Brilliant

04/20/2009

Posted by Madan Mokkapati

Domain Tip –Islamic Banks:

How do Islamic banks compete in an increasingly competitive environment:

The market for Islamic banking has grown rapidly over the past few years and is expected to continue to exhibit robust growth for the foreseeable future. In many markets, Islamic banking has evolved from being a niche offering to part of the mainstream financial services landscape. At the same time, the competitive landscape is being re-drawn with more Islamic financial services institutions than ever before present in the marketplace. Incumbent banks and new market entrants are facing vastly different market conditions and need to develop new sources of differentiation beyond Shari’ah compliance to compete successfully in the future. This paper seeks to analyze the drivers of growth behind Islamic banking, the changing competitive landscape, potential sources of differentiation for existing Islamic banks, and the challenges that are unique to Islamic banks.

Some Salient features of Islamic banks:

1. While permitting the individual the right to seek his economic well-being, Islam makes a clear distinction between what is Halal (lawful) and what is haram (forbidden) in pursuit of such economic activity. In broad terms, Islam forbids all forms of economic activity, which are morally or socially injurious.
2. While acknowledging the individual’s right to ownership of wealth legitimately acquired, Islam makes it obligatory on the individual to spend his wealth judiciously and not to hoard it, keep it idle or to squander it.
3. While allowing an individual to retain any surplus wealth, Islam seeks to reduce the margin of the surplus for the well-being of the community as a whole, in particular the destitute and deprived sections of society by participation in the process of Zakat.
4. While making allowance for the ways of human nature and yet not yielding to the consequences of its worst propensities, Islam seeks to prevent the accumulation of wealth in a few hands to the detriment of society as a whole, by its laws of inheritance.
5. Viewed as a whole, the economic system envisaged by Islam aims at social justice without inhibiting individual enterprise beyond the point where it becomes not only collectively injurious but also individually self-destructive.

Technical Tip – COBOL Tip:

Is an easy way to search member in Multiple PDS?

Go to 3.4 (where all the datasets will be displayed) .
In the Command line give
Command line==>M memname
This command will not work for the migrated PDS. So ensure all the PDS are in Disk.
Now the message “MEMBER(S): memname found” will apppear in the right side of the panel.

JCL Tip:

We can declare a dummy dataset in JCL as below.

//DUMMYPDS DD DUMMY

How can we specify dummy VSAM dataset in a JCL?
Code AMP=’AMORG’ . This parameter tells the OS to treat the file as VSAM file.
//NOVSAMIO DD DUMMY,AMP=’AMORG’

JAVA Tip:
You can write a runnable Java program which does not have main method at all. This can be done using the static block of the class.

The reason this works is that static initialization blocks get executed as soon as the class is loaded, even before the main method is called. During run time JVM will search for the main method after exiting from this block. If it does not find the main method, it throws an exception. To avoid the exception System.exit(0); statement is used which terminates the program at the end of the static block itself.

class MainMethodNot
{
static
{
System.out.println(“This java program have run without the run method”);
System.exit(0);
}
}

Interesting Facts about JP Morgan:

– Morgan made his first significant trade when he was 26. Late in the summer of 1863 he began quietly buying gold on a joint account with a colleague. By early October he had accumulated over $2 million worth of gold which he had financed with borrowings. In mid-October, he and his colleague surprised the market by shipping $1.15 million of the gold to England. This caused a temporary shortage of gold in New York and drove the price up. The two men then sold the rest of the gold as the price climbed, netting each a profit of over $66,000. However, Morgan’s father, Junius, did not approve of the trade informing Pierpont’s cousin, “People who put themselves in [a] position to lose twice their capital by speculation are not safe people to be entrusted with the business of others.’” Soon after, he sent a senior partner from the London office to New York to supervise his son.

– Although he spent long periods living and travelling around Europe and Northern Africa , Morgan was fiercely patriotic. In a speech given at the Chicago Club in October 1908 he said: “Remember that any man who is a bear on the future of this country will go broke.” Morgan was paraphrasing a remark of his father’s — “Never sella bear on the United States.”

Quote of the day:

– Yesterday is History, Tomorrow is Mystery, Today is a gift, Thats why its called as “Present”.

Interesting Facts:

– The pupil of the eye expands as much as 45 percent when a person looks at something pleasing.
– Dalmatians are born without spots.
– The sound you hear when you crack your knuckles is actually the sound of nitrogen gas bubbles bursting.
– In most watch advertisements the time displayed on the watch is 10:10 because then the arms frame the brand of the watch(and make it look like it is smiling).
– Large Kangaroos cover morethan 30 feet with each jump.

Joke of the day:

Mixed Emotions:
Q: What is the definition of mixed emotions?
A: Seeing your mother-in-law drive over a cliff in your brand new sports car.

Happy B’day!

April is a month when most of the animals that hibernate come out of their burrows. The birds fly back northward or they settle down to have their families. The bees and butterflies begin to gather nectar from the first flowers of the season. In some parts of the world, it’s planting time. In other parts, it’s the harvest season. It is the month when children and grown-ups play jokes on one another. Easter which celebrates the resurrection of Jesus Christ happens in April.

And moreover this is the month when our fellow colleagues were born..

Kalaivani Velusamy	7-Apr
Karthick Kumar Ponnusamy	9-Apr
Hemanth Prabhu	10-Apr
Neena Susan Mani	11-Apr
Lakshmanakumar Loganathan	12-Apr
Sundharavalli Palaniappan	13-Apr
Mohammad Rabbani Rameez	14-Apr
Sheik Manzoor Mohamed	16-Apr
Claudia Sophie Israel	16-Apr
Menaka Santhanam	22-Apr
Lakshmi Yalamanchili	23-Apr
Ramya Rengarajan	27-Apr
Divya Komatineni	27-Apr
Mohan Raj S	27-Apr

Happy Birthday everyone! 🙂

04/19/2009

Posted by Ann Mary Anthony

Domain Tip:

Swiss Banks:
James Bond enters a Swiss bank in Spain and is frisked before he can meet with the banker. In the “Da Vinci Code,” a triangular-shaped key activates a robotic arm that pulls a safety deposit box from the wall in a Swiss bank in Paris to ultimately reveal the secret to Christianity. The funny thing is neither of these scenes would actually happen in a real Swiss bank. There is no such robotic system and, while Swiss banks do have security, they don’t search their clients before letting them access accounts. Most of us have formed ideas about what Swiss bank accounts are and how they work based on scenes like these that we’ve seen in the movies, read in books, or maybe even heard in the news. In other words, most of us have a distorted or mostly unrealistic view of what it really means to have the prestigious Swiss bank account.

Swiss bank accounts aren’t just for millionaires, criminals or government officials trying to hide ill-gotten wealth, or celebrities protecting their assets from former spouses. They’re available to anyone and lots of average people have Swiss bank accounts. People who live in countries with unstable governments and banks in particular often turn to Swiss banks because of their security and privacy.
But let’s face it, most of us really just want to be able to say, “Oh, I’ll wire the money from my Swiss bank account

Your relationship with your Swiss bank can be compared to doctor/patient confidentiality or the private information you might share with an attorney. Swiss law forbids bankers to disclose the existence of your account or any other information about it without your consent In Switzerland, if a banker divulges information about a bank account without permission, he can face up to six months in prison and a fine of up to 50,000 Swiss francs.

Privacy is a big deal if you have money you don’t want other people to know about, and unless you’re a criminal it’s highly unlikely anyone can ever find out about your account. For example, doctors who might be sued for malpractice might have money in a Swiss account to prevent them being totally wiped out in the event of lawsuit. Unethical, yes, but it happens.

The Swiss franc is considered one of the world’s premier currencies with virtually zero inflation and has been historically backed by at least 40 percent gold reserves. Swiss banks are also known to have very sophisticated investment services and Internet banking.

Technical Tip:

Internet Explorer Tips:
Quick Search IE :
In the URL address bar, type ? then your topic or keyword
This will go to your default search engine and return search results on your topic.

Select visited web site addresses:
Select the F4 function key.
This will show a listing of sites you have visited for selection.

Stop flashing images IE :
If a website you are viewing has annoying flashing images, wait for the page to load select the Esc button.

Quick jump to Web Site IE :
Type just the Internet domain name in the URL Address bar and press CTRL & ENTER keys.
This will fill in ‘www’ as the machine name and TLD ‘.com’
Try it – type ‘google’ on your address bar and press CTRL & ENTER

Interesting Facts about JP Morgan:
–  JP Morgan kept a very close eye on expenses. From a young age he kept detailed records of even the smallest expenses, including postage and the entrance fees for museums. While generous, he   never forgot the bottom line: one anecdote records that in beckoning a waiter to order a beer he said, “When Morgan drinks, everybody drinks.”  When everybody had had a beer and Morgan had finished his, he placed a dime upon the table, saying, “When Morgan pays, everybody pays.”

–  An event spanning the 19th century exemplifies the long and rich histories of our heritage companies, JPMorgan Chase and Bank One:

Alexander Hamilton, and Aaron Burr, were leading statesmen with very different political agendas.  However, they worked together for passage of the charter to establish JPMorgan Chase’s earliest predecessor, The Manhattan Company. Unknown to Hamilton, Burr had maneuvered a provision within the charter that would allow the Manhattan Company to be involved in banking operations.  The establishment of the Bank of The Manhattan Company – later to become Chase Manhattan Bank – represented the end of the Hamilton’s banking monopoly in New York City and was a serious blow to his business and political interests.

The antagonism between the two men continued over the years until Burr challenged Hamilton to a duel.

Hamilton borrowed a pair of pistols from his brother-in-law. On the morning of July 11, 1804, the rivals and their seconds sailed across the Hudson from Manhattan to the dueling grounds in Weehawken, New Jersey. The men fired and Burr was unharmed. Hamilton was mortally wounded and died the next day. Burr was accused of murder, but the charges were either dismissed or resulted in acquittal.

JPMorgan Chase still owns the guns, along with several replicas. The originals are on display on an executive floor at the company’s New York headquarters.

Inspirational Quotes:
– Face your past without regrets, handle your present with confidence and prepare for the future without fear. Life is short so forgive quickly, believe slowly, love truly and laugh uncontrollably!
– Learn from the mistakes of others instead of making them all on your own.

Calvin & Hobbes Quotes:
– That’s the difference between me and the rest of the world – Happiness isn’t good enough for me! I demand euphoria!
– Theres never enough time to do all the nothing you want.
– To make something special you just have to believe it’s special.

Joke of the day:
Light travels faster than sound. This is why some people appear bright until you hear them speak.

04/16/2009

Posted by Christalins Metanayagam

Mainframe tip
The best way to count the number of records in a VSAM File.
1.Choose FILE-AID Option 3.8
2. At the prompt of ….ENTER NEXT FUNCTION OR END , enter TALLY
3. U will get the record count
4. Type END to exit.

Domain tip
How does a creditor (Bank) decide whether to lend to a customer for a new car or a home mortgage?
The creditor may examine past credit history of the borrower to evaluate the credit worthiness. A credit scoring system is used by the creditor to give  points for each factor that the creditor considers important.
Credit bureaus collects, stores, and reports the relevant identifying and credit information of customers.
Credit bureaus are “clearinghouses” for information about borrowers and how these borrowers handle their financial responsibilities.
Credit bureaus establish and maintain “credit files” on consumers who apply to creditors for or use individual or joint credit.
The core of Credit Information is the past  payment history of the Borrower.
CIBIL – (launched in 2004) India’s first credit information bureau.
Credit Bureaus are known as Consumer Reporting Agencies (CRA) in US.

Terminologies used in credit bureau
Credit file — All the information about a particular customer in the records of a credit bureau.
Credit rating —  A customer’s relative credit-worthiness based on information from the credit report, credit application, and interviews.
Credit report —  A written, oral, or other communication from a credit bureau to a creditor, employer, or insurer concerning a customer’s credit history.

Interesting Facts
–  A dragonfly has a lifespan of 24 hours
–  A jellyfish is 95 percent water
–  Dolphins sleep with one eye open
–  Leonardo Da Vinci invented the scissors.
–  The word “Checkmate” in chess comes from the Persian phrase “Shah Mat,” which means “the king is dead”.
– It takes a lobster approximately seven years to grow to be one pound.

Quote of the day
“If a man could have half his wishes, he would double his troubles”.
—  Benjamin Franklin

04/15/2009

Posted by Chaitanya Datir

Technical Tip – MAINFRAMES

TIP # 1
Alternate to SuperCE Option(3.13) is to use the macro COMPARE . Use this when you there is less difference between the two files.

1.Open a DSN in EDIT or VIEW Mode
2. On the Command line , issue COMP ‘YOUR.SECOND.COMPARISON.DSN’
3. If you want only the changes to be listed, issue COMP  ‘YOUR.SECOND.COMPARISON.DSN’ EXC

TIP # 2
While Browsing Internet, we have some cool option called address autocomplete we have same option in mainframes

1.go to ISPF 3.4 ,
2. enter KEYS in the command line,KEYS window will popup
3. set any key to AUTOTYPE, save and exit
4. now type any Dataset partially and press the assigned PFkey!!

Note: It will not retrieve GDGs and VSAM files.

TIP # 3
Usually the PDS or PS bears the ID of the creator or the ID of the person who modified it recently.But is it possible to change these ID values without leaving trace of one. Yes its possible! In the command area against the member name or PS name, by giving ?G?. Dialog box will pop up allowing you to change the ID values.

Domain Tip:

Some information about the BSE
Following are the general guidelines for selection of for a firm to be listed in the top 30 for the constituents in SENSEX are as follows .
1.     Listed History:  The scrip should have a listing history of at least 3 months at BSE. Exception may be considered if full market capitalization of a newly listed company ranks among top 10 in the list of BSE universe. In case, a company is listed on account of merger/ demerger/ amalgamation, minimum listing history would not be required.

2.     Trading Frequency:  The scrip should have been traded on each and every trading day in the last three months at BSE. Exceptions can be made for extreme reasons like scrip suspension etc.

3.     Final Rank:  The scrip should figure in the top 100 companies listed by final rank. The final rank is arrived at by assigning 75% weightage to the rank on the basis of three-month average full market capitalization and 25% weightage to the liquidity rank based on three-month average daily turnover & three-month average impact cost.

4.     Market Capitalization Weightage: The weightage of each scrip in SENSEX based on three-month average free-float market capitalization should be at least 0.5% of the Index.

5.     Industry/Sector Representation:  Scrip selection would generally take into account a balanced representation of the listed companies in the universe of BSE.

6.     Track Record:  In the opinion of the BSE Index Committee, the company should have an acceptable track record.

Interesting Fact:
American Express billed their Platinum Card as extremely exclusive and it had an annual fee of $250 ($484.84 in 2006 dollars). Today, the extremely exclusive card for American Express is their black Centurion card with a $2,500 annual fee! (and requirement to spend $250,000 a year)

Quote for the day:
Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.

04/14/2009

Posted by Ganesh Sivakumar

Let me begin with my favorite quote : ‘Defeat the defeat before the defeat defeats you!’

Mainframe Tips
While Browsing Internet, we have some cool option called address autocomplete.. we enter some letters in the address bar and the browser auto completes it with the closest guess. To enable this option in Mainframes,

1.Go to ISPF 3.4
2. Enter KEYS in the command line,KEYS window will popup
3. Set any key to AUTOTYPE, save and exit
4. Now type any Dataset partially and press the assigned PFkey!!

Note: It will not retrieve GDGs and VSAM files.

We sometimes come across ” Member in use ” message when we try to open any member in a PDS, if you want to know who is currently using the member, Press F1 twice

Banking terms
Hot card:
A card that is placed on the Negative File or coded as lost or stolen on a Cardholder Account File and, therefore, cannot be used in the
system.

Escheat:
Reversion of real or personal property to the State when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time.

Beta :
The risk of any individual share can be measured as the volatility of a share relative to the market as a whole. This ratio is known as the beta of a share.

Interesting Facts
Intelligent people have more zinc and copper in their hair (and they wear spectacles too??!!)
Women blink nearly twice as much as men (everyone knows this !! )
German Shepherds bite humans more than any other breed of dog
Colgate faced  big obstacle marketing toothpaste in Spanish speaking countries . Colgate translates in to the command “Go hang yourself”
It cost 7 million dollars to build the Titanic and 200 million to make a film about it !!

Chennai Special
Chennai has the highest two-wheeler population in India
The Cooum river running across Chennai was being used for water transportation in its earlier days
The Moffusil bus stand at Koyambedu, Chennai is the largest in South Asia

Inspirational Quotes
“Believe you can and you’re half way there.”
– Theodore Roosevelt

“The greatest discovery of my generation is that a human being can alter his life by altering his attitudes of mind.”
– William James

“Experience is not what happens to you; it is what you do with what happens to you.”
– Aldous Huxley

04/13/2009

Posted by Venkateswaran Shyamala

Domain Tip :
CFD (Contract for Difference) – A CFD is a derivative trading instrument, a contract between two parties (a buyer and a seller), in which the seller speculates upon movements in price of a traded asset between its current value and its value at an agreed future date.  The seller typically agrees to pay this price difference to the buyer, unless the difference is negative, in which case the buyer pays instead to the seller. Unlike a futures contract, there is no fixed expiry date.

CFDs are currently available either unlisted or listed [i.e.mini-warrants and ASX CFDs listed on the Australian Securities Exchange] and/or over-the-counter markets in the United Kingdom, The Netherlands, Germany, Switzerland, Italy, Singapore, South Africa, Australia, Canada, New Zealand, Sweden, France, Ireland, Japan and Spain. Some other securities markets, such as Hong Kong, have plans to issue CFDs in the near future. CFDs are not permitted in the United States, due to restrictions by the U.S. Securities and Exchange Commission on OTC financial instruments.

Mainframe tips :
1) C ALL P’¬’ ‘ ‘ 1  changes all nonblank characters at position 1 to spaces. ¬ is obtained by typing the key for [

2) When viewing large jobs consisting of many sysout data sets or job steps , many people prefer to use the question mark at the first job-selection panel to expand the job into its constituent parts and then select the data set or job step they wish to examine. When viewing smaller job results, you can use N for Next command. Just select the entire job with an S at the job selection panel and then type an “N” at the command line to skip to the job’s next data set (you can jump to the third data set with N3).

3) The ampersand character can be used to automate the pressing of the enter key. Type &5 into the SDSF command line, and the input inhibited icon will display at the bottom left of your emulator session. SDSF then updates the display as if you pressed “Enter” every five seconds. The minmum time for auto update is 45 seconds in our setup.

Interesting facts :
The Bible is the most shoplifted book in the USA.
Every time you sneeze some of your brain cells die.
The first Harley Davidson motorcycle was built in 1903, and used a tomato can for a carburetor.

Quotes :
A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and next year. And to have the ability afterwards to explain why it didn’t happen.
– Winston Churchill
Criticism may not be agreeable, but it is necessary. It fulfils the same function as pain in the human body. It calls attention to an unhealthy state of things.
– Winston Churchill

Today in History :
In 1970, Apollo 13, four-fifths of the way to the moon, was crippled when a tank containing liquid oxygen burst. (The astronauts managed to return safely.)
In 1992, the Great Chicago Flood took place as the city’s century-old tunnel system and adjacent basements filled with water from the Chicago River.

04/09/2009

Posted by Archana Raju

Domain Tips for the day

Blue-Chip Stocks : Stocks of companies known for their
long-established record of earning profits and paying dividends. Blue
chips tend to be large, stable and well known.

Check 21 Act: Check 21 is a Federal law that is designed to enable
banks to handle more checks electronically, which is intended to make
check processing faster and more efficient. Check 21 is the short name
for the Check Clearing for the 21st Century Act, which went into
effect on October 28, 2004.

Technical tips for the day
While working in MS Excel we have the option of “freeze Panes”. By
this options we can freeze
some columns and have other columns scrolling. This feature is helpful
in analysis when there
are lots of columns(fields) in a file.
In mainframe too, we have similar such facility thru File-Aid.
1.Open the file in File-Aid
2. use VFMT format
3. If you want to freeze columns(fields) 1,2,3, and 6 and have the
rest as scrollable
issue command HOLD 1-3,6

Interesting facts for the day
Colgate faced big obstacle marketing toothpaste in Spanish speaking
countries. Colgate translates into the command “go hang yourself.”

In Michigan, a woman isn’t allowed to cut her own hair without her
husband’s permission.

You’re subject to fines and/or imprisonment for making uglyfaces at
dogs in Oklahoma.

Today in History
1825 – 1st hotel in Hawaii opens.
1849 – Safety pin patented.
1871 – William Hammond Hall’s maps & surveys of Golden Gate Park
officially accepted.
1878 – California Street Cable Car Railroad Company starts service.
1882 – Matson founds his shipping company (San Francisco & Hawaii)
1953 – House of Wax – first 3-D movie – released in New York.

Quote for the day
“What lies behind us and what lies before us are tiny matters compared to what lies within us.”
~ Ralph Waldo Emerson

04/08/2009

Posted by Clayton Azariah

Domain Tips for the day

Balloon Mortgages: There are some regulatory institutions in U.S which supervise the U.S mortgage market. When ever a mortgage exceeds the limits of the loan set by these regulators this called balloon mortgage. These are basically short term loan with guaranteed long-term financing.

Money Market Deposit Accounts: It is a type of account where, bank offer automatic transfer service that automatically move funds from a customer’s saving account to the customer’s checking account when the customer’s checking account drops below a specific minimum

Mainframe Technical tips for the day

DBRM Browse Command : If you want to make the unicode data in the DBRM library readable issue the command “display UTF8” and to get back to the unicode data issue the command “display reset”

For selecting jobs in the SDSF/$AVRS queue: If we use “?” or “S”it gets break-up to output groups for example like JESMSGLG,JESJCL,JESYSMSG,SYSPRINT,SYSUT2,STEP01,STEP02….STEP0N etc. After opening the job using “S”/”?”, use “N” (next) or “P”(Previous) to navigate between different output groups.

Interesting facts for the day

Flatbush National Bank of Brooklyn, New York was the first bank to issue a credit card in 1946.

The first chartered bank of the United States was the First Bank of the United States, formed in 1791 by The United States Congress.

Today in History

1906 —–3rd modern Olympic games opens in Athens

1912 —– Titanic leaves Queenstown, Ireland for New York

1965 —- India and Pakistan engage in border fight

1968 —- Martin Luther King, Jr., buried in Atlanta

1991 — Date of Microsoft MS DOS 5.0

Motivational Quote for the day

For wisdom is better than all the most precious things: and whatsoever may be desired cannot be compared to it. —————— The Holy Bible