Management of values

Valor

It means the assignment of values or real assets in order to obtain a profit or

an interest the values are the rights sold such as shares, companies
etc. and real assets are those that are tangible, such as real estate, jewelry, among others.
others

Types of values

Net Present Value of an Investment (NPV): in terms of investing in assets

financial, it is the present value of all collections and payments derived from its
subscription and possession, updated through a certain type of discount
adjusted to your risk, and based on the assumption that such charges and payments would be reinvested or
financed, respectively, at the same interest rate used for the calculation of
yield, until the maturity of the asset.

Market Value: It is the value that supply and demand assign to a share according to
some capital appreciation forecasts. It is a market price that varies according to
the business benefits and interest rates among other things

Title value
They are necessary documents to legitimize the exercise of the literal and autonomous right.
that incorporates them. They can be credit, corporate, or
participation, and of tradition or representation of goods. (Checks, promissory notes of
bills of exchange, promissory notes, shares, bonds, certificates of deposit, bill of lading
bill of lading, commercial invoices and others)
Investment Portfolio
Also called Investment Portfolio, it is aselectionofdocumentsthe values that are
they are traded on the stock market and in which apersonthe company decides to place or invest its
money.
Investment portfolios are made up of the different instruments that the investor
you have selected. To make your choice, you should consider basic aspects such as the level
the risk that he is willing to take and the goals he seeks to achieve with his investment.
Assuming, before deciding how the portfolio will be integrated, it will be necessary to know very well the
available instruments in the stock market to choose the most convenient options,
according to your expectations.

National currency
The Colombian peso is the monetary unit oflegal courseinColombiaIts formal abbreviation is
COP (ISO 4217) and informally abbreviated as COL$. Locally, the peso sign ($) is used (which
is also used by thedollarIt should be noted that the dollar symbol is drawn with a single line.
About the letter S and the Colombian peso, it is drawn with two lines over the letter S). Its circulation is
controlled by theBank of the Republic of ColombiaCurrently, the lowest value currency is the
the twenty pesos bill ($20) and the highest value bill is the fifty thousand pesos bill ($50,000)

CASH
Concept: It is a current asset, the one with the highest liquidity that an Organization has.
to meet their immediate obligations.
The following items of current assets are considered as cash equivalents:
• Legal tender, owned by the Company, that is, mandatory money.
acceptance in the country, with the limitations that the Law imposes, in accordance with what is specified
in the Law of the Central Bank and the General Law of Banks and Other Financial Institutions.
• Deposits made in Banks, in Current and Savings Accounts, in favor of the
Company.
• Immediate collection credit instruments: ordinary checks, checks of
management, traveler's checks, postal and telegraphic transfers, and other credit instruments
immediate collection, accepted by banks, that the Company legally possesses.
Foreign currencies or freely traded currencies in the National Banking.

Check

It is a financial instrument by means of which a person called the drawer (who owns the account)
orders a bank called girado, to pay a certain amount of money to the
order from a third party called beneficiary

Types of Checks:

Bearer cheque: it is one where the words "or to" have not been erased.
bearer" who carries the check under the dotted line where the name should be placed
beneficiary with the payment order; in this case the document can be collected by
any person who presents it at the bank.

Order check: it is one where the phrase 'or to bearer' has been crossed out and can be paid.
only to the person whose name is indicated, or to another to whom you wish to transfer the payment; this
The transfer of the right to payment is done through endorsement, which consists of the signature of the
person mentioned on the check, printed transversely on the back of the
document, this being converted into a “bearer check”.

Nominal check: can only be cashed by the person indicated in the document and not
it can be endorsed; in this case the phrases 'the order of' and 'or to the bearer' are removed.

Crossed check: serves to be deposited in a checking account, as it can only be

charged by some bank; it is recognized by having two crossed parallel lines over it.
document

Bank cards
Bank cards are a form of payment. Currently, there are two types of cards such as
They are the credit and debit ones. The advantages of each can be seen below.

Credit cards

They are used to make purchases and pay for them later, that is to say, it is a form of financing.
immediate. Some models come with a built-in microchip.

These cards allow you to spend more money than what is available in the current account, but always without
exceed the maximum stipulated in the contract.

With these cards, you can access cash by paying a small amount.
In addition, they are used to get money from foreign ATMs immediately. Also
they are called plastic money.

Debit cards

They are used to withdraw money from ATMs and to make small purchases. With them, only
You can spend the maximum amount of money available in the checking account or savings book.

Currently, entities often give them away with the opening of a new account. Their
Expiration is usually multi-year, instead of annual as occurs in credit ones.

Advantages of credit cards

Cash payment.
Automatic financing for about 30 days.
It can be used worldwide.
Monthly accounting.

Advantages of debit cards

They are usually free.

Minimum or no maintenance cost.
They do not allow for debt since one can only spend what is available in the account.
current.

Currency Exchange:

Banking service that consists of the exchange of foreign bills and coins for their
equivalent in national currency or to the investment

Normativity

Article 1. Self-withholding and withholding at source on due financial income

derived from foreign currency denominated securities. Starting from April first of
1999, the withholding tax on financial income from securities
of denominating in foreign currency with accrued interest, or generated in their
alienations must be carried out by the beneficiary of the same, and not by the one who
make the payment or deposit into the account, as long as the beneficiary has the status of agent
automatic withholding of financial returns in accordance with the provisions of Decree 700 of 1997.
In the event that the beneficiary is not classified as a self-withholding agent for income.
financial, the withholding at the source must be carried out by the issuer or administrator of the
issuance that makes the payment of interest, or by the purchaser of the title when it is an auto agent
retainer, as the case may be, in accordance with the provisions of this decree.
When a taxpayer who is not considered a self-withholding agent of income
financial, transfer the title through a stock exchange, this at the time of making the payment
in the name or on behalf of the purchaser, through the respective compensation, must carry out the
corresponding withholding at source, understanding the selling price as the price of
registration.
Article 2. Concepts. For the purposes of this decree, the following shall be understood as:

1. Titles denominated in foreign currency. Those whose nominal value and/or interest and/or
discounts shall be expressed in foreign currency, regardless of their redemption or payment
of earnings, is carried out in foreign currency or in legal Colombian currency.
2. Interests expressed in foreign currency. Value in foreign currency resulting from applying the
facial rate of the bond at its nominal value expressed in foreign currency.
3. Price expressed in foreign currency. Value in foreign currency resulting from dividing the
price paid in Colombian legal currency for the representative market exchange rate
in effect at the time of purchase or transfer as applicable.
4. Representative exchange rate of the market. That certified by the Superintendency
Banking in accordance with the provisions of the current regulations on the subject.
5. Payment of interest. Payment or crediting to the account of the total interest for a period made on
day of expiration of the respective period.
Article 3. Cause of self-withholding and withholding at source. Self-withholding or withholding
in the source about the overdue financial returns from a debt security
Foreign currency must be applied at the time of payment of interest on a
period, by the issuer or administrator of the issuance, or at the time of the disposal of the
title.
Paragraph. The declaration and payment of the self-withheld amounts in accordance with the regime
indicated in this decree, must be carried out within the deadlines set by the Government
National for the submission and payment of withholding tax declarations.
Article 4. Self-withholding basis. The self-withholding at source that must be applied on the
yields from foreign currency denominated securities with interest payments
defeated, it will be applied following the procedure below:
At the time of receiving interest payments during the first earnings period for the
title holder:
The positive difference is determined between the result obtained by adding to the nominal value.
from the title expressed in foreign currency, the total value of the interest for the current period to the
face rate of the same, expressed in foreign currency, and the purchase price of the title expressed
in foreign currency.
This difference is multiplied by the prevailing market exchange rate on the date
from the payment of interest, and the result will be the basis for calculating the withholding at source.
At the time of receiving interest payments during the other yield periods for the
title holder:
About the total value in Colombian legal currency of the interests for the period, at the nominal rate of
title.
3. At the time of its alienation during the first period of returns for the holder of the
title:
The positive difference is determined between the sale price expressed in foreign currency.
and the purchase price of the title expressed in foreign currency. This difference is multiplied by the
exchange rate representative of the market in force as of the date of the sale, and the result will be
the base for calculating the withholding tax.
4. At the time of its disposal during the other periods of earnings for the holder of the
title
The positive difference is determined between the selling price expressed in foreign currency.
and the nominal value of the title expressed in foreign currency. This difference is multiplied by the
exchange rate representative of the market in effect at the date of the sale, and the result will be
the base for calculating the withholding tax.
Paragraph 1. In any case, it will not be part of the withholding tax base for the concept of
financial yields, the income corresponding to the higher nominal value of the title, originated
exclusively for its re-expression in Colombian legal tender and whose counterparty is a
credit in the monetary correction account.
Transitional paragraph. For the purposes of the calculations indicated in numbers 1 and 3 of this
article, when the interest on securities issued prior to April 1 is alienated or paid
since 1999, during the period of yield of the security that is occurring on that date, must
exclude the interest accrued linearly before April 1, 1999.
Article 5. Payment of overdue financial returns to non-withholding agents. When the issuer
make a payment or deposit in account for overdue interest from a title of
denomination in foreign currency, in favor of a taxpayer of the income tax and
complementary, that being subject to withholding at the source for this concept does not have the
quality of the self-retaining agent of financial returns, the withholding at source must be
practiced by the issuer or administrator of the issuance that makes the payment, in accordance with the
following rules:
1. When the payment is made during the first period of returns for the holder of the title:
The positive difference between the nominal value of the security expressed in foreign currency is determined.
plus the total value of the interest for the current period at the nominal rate, expressed in currency
foreign, and the purchase price expressed in foreign currency, according to the information
recorded in the sale certificate. This difference is multiplied by the representative rate
from the market in effect on the date of interest payment, and the result will be the basis for calculation
withholding tax.
2. When the payment is made during any of the following performance periods for the
title holder:
About the total value of the interest for the period paid by the issuer or administrator of the
issue.
Article 6. Successive transfers between non-self-retaining title holders of denomination in
foreign currency with payment of due yields. In the event that the yields
financial proceeds from a bond with overdue interest payments, correspond to several
acquirers due to successive transfers of the same between taxpayers who are
subjects to withholding at the source, do not have the status of auto-withholding agents of income
financial, it will be understood that along with the sale price, the value of the
withholding at source corresponding to the financial income generated
proportionally by the title from the date of its issuance or from the last payment of interest if
It is about securities with periodic interest payments.
When the alienation takes place during the first period of earnings for the holder of the
title, the value of the withholding that is deducted will be calculated as follows: the positive difference is determined
between the transfer price expressed in foreign currency and the purchase price of the title
expressed in foreign currency, according to the information recorded in the certificate of
alienation. This difference is multiplied by the current representative market exchange rate.
on the date of the transfer, and the withholding tax percentage is applied to the result.
When the transfer takes place during any of the following earnings periods for
the title holder, the retention value that is discounted will be calculated as follows: it is determined the
positive difference between the selling price expressed in foreign currency and the value
nominal of the title expressed in foreign currency. This difference is multiplied by the rate of
exchange rate representative of the market in effect on the date of the transaction, and the result is applied to
the percentage of withholding tax.
Article 7. Acquisition of denominated securities in foreign currency with yields.
defeated from non-self-withholding agents. When a self-withholding agent of financial returns, or
an entity not subject to income tax and complementary taxes, or exempt from them
tax or an entity not subject to withholding at the source by express legal provision,
acquire a foreign currency denominated bond with payment of overdue interest, from a
income tax and complementary tax taxpayer, who is subject to withholding in
the source for this concept does not have the quality of a self-withholding agent of income
financial institutions must apply withholding at source to the transferor for the purpose of
matured yields, according to the following rules:
1. When the title is acquired during the first period of yields for the transferor of the
the positive difference between the selling price expressed in currency is determined
foreign, and the purchase price of the title expressed in foreign currency, according to the information
recorded in the certificate of transfer. This difference is multiplied by the exchange rate
representative of the current market as of the date of the transfer, and the result will be the basis for
calculate the withholding tax.
2. When the title is acquired during any of the following periods of yields for the
alienating of the title: the positive difference between the expressed disposal price is determined
in foreign currency, and the nominal value of the title expressed in foreign currency. This
the difference is multiplied by the exchange rate representative of the current market on the date of the
alienation, and the result will be the basis for calculating the withholding tax.
When the transaction takes place through a stock exchange, it at the moment of executing the
payment in the name or on behalf of the acquiring entity, through the respective compensation,
must practice the corresponding withholding at source, understanding as price of
alienation, the registration price.
Article 8. Certificate of transfer. When in accordance with the provisions of Article 28
of Decree 700 of 1997, if applicable, the issuance of the transfer certificate shall be
indicate the selling or registration price, or purchase price, in foreign currency.
Article 9. Remission. In all matters not provided for or specially regulated in the present
Decree for foreign denomination titles with expired interests, the provisions will be applied.
in Decree 700 of 1997 and other regulations that modify, replace, or repeal it, always and
when such rules are not contrary to the nature of these titles.
Article 10. Validity and repeals. This decree is in effect from April 1, 1999 and
it derogates any provisions that are contrary to it

The internal control management system is a set of functional areas in a

company and specialized actions in internal communication and control within the company. The
management system through activities affects all parts of the company
through cash flow. The effectiveness of a company is established in the relationship between the
output of products or services and the input of the resources necessary for their production.
Among the responsibilities of management are:

 Control the effectiveness of administrative functions.

 Regulate the balance between effectiveness and efficiency in the company.

 Other aspects of the company's development, such as growth, profitability, and liquidity.

Control
Internal Control Procedure that is directly related to protection
 of the assets or with the reliability of the accounting records

The Cash Count consists of the analysis of cash transactions over a period of time.
determined, in order to verify if all the cash received has been accounted for and by
the balance shown by this account corresponds to what is physically in the cash register
in cash, checks or vouchers. It also serves to know if the internal controls are being
carrying it out properly. This operation is performed daily by the Cashier. The auditors
the assigned executives usually carry out cash counts on dates not anticipated by the
Cashier.
It is common for cash counts to show shortages or surpluses, in relation to the
control account of the general ledger. These differences are generally recorded in a
account named 'Cash Differences'. The shortages are charged as losses and credited
the surpluses as income. If these differences are not corrected, by the end of the fiscal year, the
The 'Cash Differences' account must be settled against the 'Profit and Loss' account.

THE SAFE BOXES

It is a complementary operation or modern service that
they provide the
Banks to provide their clients with individual safes, with
closures of
Security, located within a closed premises, which is located
certain risks
Known, as against the free access of strangers.
Allow customers to store all kinds of items in the box.
titles
Documents of value, money, jewelry, and other valuables, in form
confidential and in
Terms of the highest security.
The way this system operates is very simple, the client receives
a key that
allows you to open the box, and normally a bank official is
book a
Second different key, but both are required to open the
box.
Individually, each of the keys does not open the same one.

Service protocol
The protocol is the same everywhere, the protocol applies to the services.
especially in the restoration and hospitality industry, as this is the activity of the
kindness, the workers, porters, porters' helpers, etc., must know
About the protocol, it is evident that the heads will be served first at a table.
family, at a meeting of entrepreneurs to the chairman of the board, at a congress
preferably will pass to the person leading the head table, that is why the protocol
 is always demanded.

PROTOCOL SERVICE.
Any Organization, Entity, or Company of a certain size should have
a protocol service to attend to your needs regarding organization and
development of activities, events, and any other type of meeting.

Types of Protocols.

Structural protocol.

Protocol responsible for creating the necessary structures for the proper development of
an event to be celebrated, in which no type of formality or protocol intervenes yet,
properly speaking. This type of protocol, we can say, is the most 'material' part
of the protocol, as it is about 'creating' the organization of the necessary elements
so that the event unfolds as planned and in the most correct way possible.
Selection of furniture for the event, of the necessary place to host this event, etc.

Management Protocol.

Support for the structural protocol through which all are controlled and conducted.
actions that will be carried out. It is the human management that takes place during the
development of the act. We could also define it as a series of logistical supports.
what is necessary for a proper development of the act. Where are they placed
participants, the sending of the corresponding invitations, the speeches, etc.

Protocol for personal care or counseling.

Specialization consisting of the development of activities, actions, and management, whose

the aim is the complete care of the person or persons in our charge.
Scheduling of points of interest visits, assignment of security personnel, etc. This
personal advice, helps you with matters such as customs of the country, greetings,
behaviors, etc.

Example of payment policies:

METHODS AND PAYMENT POLICIES

The payment for the services must be made at least 30 calendar days before the date of
start of the service provision. Express services (under 30 days) as well as
Last-minute bookings (within 10 days) will be subject to availability and charges.
additional.
The accepted payment method will be, for the moment, bank transfer. The customer must
make sure at the time of making the transfer that you have deposited enough money as
to cover the financial cost of the transaction. Cubaforhealth.com will not assume the expenses
financial aspects of payment operations or reimbursement due to customer cancellation. In cases of
that the financial expense is not taken into account and the amount received is less than the invoiced amount
Cubaforhealth.com must settle the difference within a timeframe no greater than 48 hours or it
they could produce partial or total cancellations of the contracted services.
No staff member of Cubaforhealth.com will request, under any circumstances, the
credit card information. If at any time such information is requested from you, you
we would appreciate it if you reported it immediately topresident@cubaforhealth.com. The owners of
this website is committed to respecting and exceeding the legal privacy requirements of the
medical or health information
The cancellation of the contracted services by the client will only be possible before 10
natural days prior to the start of the service provision. In case of timely cancellation
It will proceed to reintegrate the total payment deducting financial expenses. In case of
Cancellation after the minimum limit of 10 calendar days will incur a penalty of 25% of
Invoiced import. Cancellations made after the 72 hours prior to the date
the start of the service provision will not entail any reimbursement.
Cancellations made by the agency due to the inability to provide the service
hired imply the full refund of the billed amount with the agency assuming the expense
financial