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Innovative personal finance products

24 bytes added, 07:28, 3 January 2007
/* Idea 1 */
== Idea 1 ==
* Jewellers in India give lose guarantees that upon return of the jewellery, value of the metal in jewellery adjusted for workmanship costs are redeemed. This acts as a big incentive for people to invest in jewellery as principal is secure. However, there is no formal guarantee mechanismto ensure the contract.
* This can be an opportunity for banks to step in, whereupon the banks can underwrite the value of the jewellery and assure full value upon jewellery redemption. Banks can extend loans to people to buy jewellery, whereby interest is charged differently for the value of the metal (lower interest rate) and higher for the loan against workmanship.
== Idea 2 ==
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