In Reply to Parent Post by MVladimir
Friends, could you please provide any samples of special processes in:
2) investment funds,
3) stock exchanges,
4) insurance companies.
Any opinions will help!
Any of the risk based financial products offered which perhaps does not assure fixed returns and which performance are influenced by market and economic dynamics will have processes that could be termed special.
Cheque discounting could be a special process.
Savings account / Fixed deposit could be a normal process
NAV (Net Asset Value) based investments that provide tax benefits could be a special process.
Debentures with assured returns over time could be a normal process
Always normal process, The trading rules are well defined and the customer who comes in knows the dynamics that he is trading with or takes all the risk with his money. ~~~
Structured insurance plans for specific customers can be a special process.
Life insurance, Health insurance, motor insurance can be a normal process though they are governed by several applicable conditions, clauses and exclusions all put confusingly in small print under 'Terms and Conditions' of insurance proposal.