Re: [pythonzopejobs] Digest Number 20

Dear List,

I am sorry that I did not make myself clear but I
understood this list is for people / companies looking
for contract Python work.   

Raleigh Holding is a startup who has just been
promised seed funding. So, we now can start looking
for coders to do the project <grin>

But when the cash arrives is up to the idiot lawyers.

Project:  ezi-wrap - 
A wrap account for self-managed investments especially
DIY superannuation and pensions.
 
--- Steven Lott <[email protected]> wrote:
> 
> 
> I'm not too sure it is a "very small" ERP system. 
> The issue as I understand it is the complexity of 
> financial instruments.  

In Australia, we have a mandatory savings system where
a minium of 9% of your wages goes into a self-funded
pension plan. Superannuation is just called super in
Australia.   As on 1 July people will be allowed to
specify *ANY* super plan legally available.

Australia currently has over $Aust 680 Billion (US$
540 Billion) in  super funds with about Aust$ 8
Billion (US$ 6.3 Billion) added every month. By 2015
Australia may have over Aust $ 2,000 Billion in super.

The US government is looking at a similar system of
private pensions rather than using Social Security. In
Australia we have very low government pensions and for
 nearly twenty years Australian have been encouraged
to save for themselves.  

<If you are doing real assets (e.g., stock) it should
>bestraight-forward.  

Yes, but stocks are only one asset class most
transactions will be managed funds or mutual as the
America would say.

>Bonds, when bought as an asset seem similar,
> but since they are debt, there are differences that
> may be> beyond  a the simple ledger that's provided
>withmost ERP's. 

No, most ledgers with ERP systems are *MUCH MORE*
complex than is required but having extra features
will help in the future.

> Then, if you permit derivative trading, all bets are
> off, sincethose are quite complex.

There are no derivatives 
 
> If, on the other hand, you are going to wrap just
> mutual fund transactions, it might be a simple
asset-management application.

Yes, but we want to record the transaction in so to
automatically format required government forms for tax
and super compliance reporting. 


> Even if the broker cooperates and provides access
> via XML (or > other protocol), each broker probably
>has uniqueinterface requirements, leading to a large
>and complex set of  interfaces, one for each broker,
>and possibly separate interfaces for
> separate products.

We are not going to be dealing with brokers mostly but
the providers of the mutual fund.  The point being to
remove all the middleman.  

Most of the largest providers are Industry-based
co-ops. Where everyone who works in that industry
super is put into a low cost not-for-profit fund but
with super choice the money can go anywhere.  The
industry funds are worried that banks and big
insurance companies will have bigger advertising
budgets and get more of the money.

The industry fund are very cheap as they do not
advertise and are *VERY WELL RUN*. They constantly
beat the fund managers who charge up to three times
the fees that the low cost funds. We aim to make it
easy to invest in the low-cow high as we have a XML
messaging standard.  The industry-based super funds
are worth more than $Aust 400 Billion and we will
offer free access to large number of members to get
clients.    
   
> This sounds, actually, quite large and complex.  And
> very
> interesting.

I hope it is but Raliegh Holdings hopes to list as a
public company on either London Stock Exchange AIM or
Australian ASX in about 14-18 month is everything goes
well.

All the basic messaging code will be released I don't
think *any* of the compliance code will be as that is
what charge our clients for the simpification of
reporting their paperwork.

So, anyone interested email me:

Richard Hayes
[email protected] [email protected]
Phone: +(61-2) 9412 4367
Fax: +(61-2) 9412 4920
Mob: +(61) 0414 618 425

 

Find local movie times and trailers on Yahoo! Movies.
http://au.movies.yahoo.com


 
Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/pythonzopejobs/

<*> To unsubscribe from this group, send an email to:
    [email protected]

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/