sábado, marzo 31, 2007

How to write a cheque

Yes, I have never used cheques.
In my motherland I never had the need to use one. I just always paid with credit card or cash, so I found this
page useful.
From the same site this one was also interesting

UK fiscal celandar - Origin

The 6th April starts the UK fiscal calendar year.
Why is that?

In British and Irish tradition, the quarter days were the four dates in each year on which servants were hired, and rents and rates were due. They fell on four religious festivals roughly three months apart.

The English quarter days (also observed in Wales) were:

Lady Day (March 25)
Midsummer Day (June 24)
Michaelmas (September 29)
Christmas (December 25)

Lady Day was also the first day of the year in the British Empire until 1752.
The British tax year still starts on 'Old' Lady Day (6 April under the Gregorian calendar corresponded to 25 March under the Julian calendar).

The logic of using Lady Day as the start of the year is that it reckons years A.D. from the moment of the Incarnation, which is considered to take place at the moment of the conception of Jesus at the Annunciation rather than at the moment of his birth at Christmas.

Every learning a bit more!!

Vostro accounts or loro accounts

This post comes from a discussion about which is the correct term "vostro accounts" or "loro accounts".

In the international funds transfers, banks usually employ specific accounts to settle the transaction. Nostro accounts are accounts are the ones the bank holds with his counterparty, the other bank; the opposite, the accounts the counterparties have with the bank are called vostro accounts.

Generically the word nostro is the latin term "ours" whereas vostro is the latin traslation of "yours". Nevertheless, the vostro accounts are common called "loro" accounts. Why two different names for the describe the same term?

Answer: "Cause Vostro is not latin!"

The Dative (Indirect complement) of the determinats possesive in Singular is the following:
1st Person Singular: Meo
2nd Person Singular: Tuo
3rd Person Singular: Suo
1st Person Plural: Nostro
1st Person Plural: Vestro (Here you are!!)
3rd Person Plural: Suo

The word "vostro" seems to come from the italian bankers, possesives in Italian are the following:
1st Person Singular: Mio
2nd Person Singular: Tuo
3rd Person Singular: Suo
1st Person Plural: Nostro
1st Person Plural: Vostro
3rd Person Plural: Loro

Now, what it is more sensible?
If you talking about the other banks' account to your boss, you should say your account or account? Of course, it is not your boss and colleagues accounts!

Loro should be the correct term!!! :)