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HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is the world's second largest bank. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. As such, the company refers to both the United Kingdom and Hong Kong as its "home markets".HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia, Europe, North America and South America, and around 60 million customers. As of 31 December 2013, it had total assets of $2.671 trillion, of which roughly half were in Europe, the Middle East and Africa, and a quarter in each of Asia-Pacific and the Americas. As of 2012, it was the world's largest bank in terms of assets and sixth-largest public company, according to a composite measure by Forbes magazine.HSBC is organised within four business groups: Commercial Banking; Global Banking and Markets ; Retail Banking and Wealth Management; and Global Private Banking.HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. As of 6 July 2012 it had a market capitalisation of £102.7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange. Wikipedia.


Kothari R.,HSBC | Ghosh D.,PandQM Area
Journal of Heuristics | Year: 2014

The single row facility layout problem (SRFLP) is the problem of arranging facilities with given lengths on a line, with the objective of minimizing the weighted sum of the distances between all pairs of facilities. The problem is NP-hard and research has focused on heuristics to solve large instances of the problem. In this paper we present a scatter search algorithm to solve large size SRFLP instances. Our computational experiments show that the scatter search algorithm is an algorithm of choice when solving large size SRFLP instances within limited time. © 2013 Springer Science+Business Media New York. Source


Ando A.W.,University of Illinois at Urbana - Champaign | Chen X.,HSBC
Conservation Letters | Year: 2011

Programs to stimulate provision of terrestrial environmental services yield benefits that result from complex dynamic functions; we study optimal contract lengths for such programs. We show that the optimal contract length depends on a tradeoff between an ecological effect-long contracts increase the environmental benefits from one landowner-and an enrollment effect-long contracts decrease the number of landowners enrolled. In a simplified model of the contracting environment, we find that optimal contracts are longer when environmental benefits mature slowly, but it may not be best to offer permanent easements or even to offer contracts as long as the maturation period for the benefits in question. Nonecological characteristics matter to contract design as well; optimal contracts are longer where the turnover rate of parcels enrolled in conservation programs is high and where the average private land income is low. © 2011 Wiley Periodicals, Inc. Source


Embodiment of the invention describe methods and systems for verifying customer supplied financial account information verification using debit and credit transactions. These methods include electronically transmitting an electronic debit and credit transaction to the customer financial account, based on the customer supplied financial account information. The method also includes electronically transmitting a first statement descriptor, as part of at least one of the electronic debit transaction and the electronic credit transaction, that includes a first verification code. The method also includes electronically receiving, from the customer, a second verification code, and comparing, by the computer system, the transmitted first verification code with the received second verification code with respect to each other. The method also includes verifying, by the computer system, the customer supplied financial account information based on the comparison of the verification codes.


Embodiments of the invention include a computer implemented method for automatically modifying the terms of a plurality of mortgages within a portfolio of mortgages, such that, monthly payments for the plurality of mortgages are reduced. The method includes calculating a current net present value for each of the mortgages in the portfolio of mortgages. The method also includes calculating a plurality of future net present values for each of the mortgages in the portfolio, each future net present value corresponding to one set of modified loan terms. The method also includes selecting the largest calculated future net present value. The method also includes automatically modifying the loan terms of each of the plurality of mortgages where the largest future net present value is greater than the current net present value. Loan terms are modified to correspond to the modified loan terms resulting in the largest net present value.


An application processing engine computer system is configured to process an application for at least one of a product and service using a plurality of coordinated, configurable services. The application processing engine includes an application data management service, an application process flow management service, a decisioning service, an application processing host service, an application activity monitoring service, a queue management service and/or a system maintenance service. Various embodiments are described, including a computer implemented method for processing an application using an application processing engine component and/or module.

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