Eleven Teams Prepare for the Financial Services Challenge Cup 2007
Tortola, British Virgin Islands (PRWEB) June 21, 2007 -- The BVI International Finance Centre and Racing in Paradise will host the third annual Financial Services Challenge on Sunday, June 24th, 2007 at Nanny Cay Resort and Marina. The event is sold out with eleven companies from the British Virgin Islands' financial services sector having committed their teams to try and bring the Cup home to their corporate boardroom.
The Financial Services Challenge is a day of IC24 fleet racing open to all BVI registered businesses of the BVI financial services industry. The event has been adapted from the previous two-day racing schedule to a one-day "do-or-die" event.
With the easing of the eligibility rules, a few of the teams have invited local IC24 'rock star' racers onboard to assist them in their bid for glory and bragging rights. The strong line up vying for the coveted cup looks set to provide for some competitive action on the water.
At press time the following companies had entered teams: Banco Popular; Beacon Capital Management; Conyers, Dill & Pearman; Deloitte; INTAC (winners of the inaugural event); Maples & Calder; Nerine; Ogier; RSM; Tricor; and Walkers.
The 2006 champions, VP Bank, will not be on the water to defend their title this year. There is no doubt that INTAC will be looking to win back the International Finance Centre Cup.
"This year's event is promising to be an exciting spectacle," commented event organizer Richard Wooldridge. "The level of interest has been exceptional with the cup challengers signing up their teams early. Racing in Paradise has eleven IC24s available in its fleet and with eleven teams signed up, we have reached capacity. The forecast is for a good wind which will mean a thrilling race and an opportunity for the helm to pull out all the stops."
The Team weigh-in, registration and Moet & Chandon Brut Imperial (Epernay) N/V champagne reception will take place from 5.30pm on Friday June 22nd at the Royal BVI Yacht Club.
Racing in Paradise will have the IC24s available for practice on Saturday June 23rd. Skippers should contact Richard Wooldridge to book a slot.
Supporters are encouraged to join in the fun and head down to the tent at Nanny Cay on Sunday June 24th to spectate from the beach or on the water. A RIB will be available for short tours of the racing and live commentary will keep all those shore side informed of the race in progress. Lunch and a beach bar will be available.
Prize giving and an early evening beach BBQ for racers and supporters will conclude the 2007 Financial Service Challenge.
The BVI International Finance Centre (IFC) is the primary event sponsor. The BVI IFC is a dedicated unit within the BVI Government with the remit to enhance and promote the reputation of the BVI as a premier international finance centre to all current and future stakeholders and to provide assistance and advice to those seeking to utilise the facilities and capabilities of the BVI as an international centre for financial services. The launch of the IFC in 2003 marked the final stage in the BVI Government's plans to separate the marketing and regulatory functions for the industry.
During the past 20 years, the British Virgin Islands has become a leading international financial centre. It is home to the second largest offshore hedge fund industry in the world and is a leader in the captive insurance licensing and trust and estates administration.
Much of the Territory's success has come as a result of its International Business Companies (IBC) legislation, passed in 1984. Since the adoption of the IBC Act, more than 750,000 companies have registered in the Territory. For more information on the event, please contact Racing in Paradise on + (284) 494 6781.
For high-resolution photos from the Financial Services Challenge:
For further information on the Financial Services Challenge or Racing in Paradise,
please contact:
Richard Wooldridge
Racing In Paradise
Tel + (284) 499 2468
Sofia Fay
Broadsword Communications
Tel: + (284) 495 1090
For further information on the BVI International Finance Centre, please contact:
Humphry Leue
Chief Operating Officer
BVI International Finance Centre
Tel: + (284) 494 1509
Fax: + (284) 494 1260
###
Related Articles:
0% APR Balance Transfers Credit Cards: Three Top Choices
There is a lot of interest in 0% APR Balance Transfer credit cards because of the tremendous savings possibilities they offer. You don?t have to be an MIT graduate to understand that the 20% you are paying to a high-interest credit card on a balance of $ 10,000.00 is two grand; and if the interest on your credit card was 0% APR, that money would stay in your pocket. It turns out, however, that not all 0% APR credit cards are the same. Major credit card companies, who are competing fiercely with each other at this moment, use a variety of enhancement programs that combine the idea of 0 % APR Balance Transfers and with other add-on bonuses. Consider the offerings of three of the largest credit card companies, how they are similar in terms of ...
Did You Try the New Way of Banking?
Years ago the only way to pay for something was with a check or a credit card The idea of debit cards didn't even exist and people were accustomed to paying for things with checks
Bad Credit Loans Made Easier by Pre-Approval
Tricks to Improving Your Rankings
Credit Card Application, The First Step To The Credit System!
A credit card is a very valuable asset for almost anyone. The credit card system provides a numerous number of benefits that the cardholder can enjoy. And although it can be an instrument to revolve your credit and budget your finances, it can also cause complicated troubles on multiple debts.
Fear, Uncertainty & Doubt in Finance: Research from The FD Centre Reveals How Employing a Part Time Finance Director Can Eliminate Fear and Doubt in T
Reaserch by the FD Centre has shown how the part time FD is increasingly being seen as a cost effective solution for entrepreneurs and business owners.It has also revealed how employing a part time FD can eliminate the fear and uncertainty often associated with SME's.
Credit Repair
Getting your credit back on track can be a real task, and dealing with credit repair can be like searching for a needle in a haystack. Many so called credit repair companies are out to take you for a ride financially and not truly out to help you. In fact, many credit repair companies are all about charging you money for something you could do yourself for free. So the first aspect of dealing with credit repair is to understand that knowledge is power. Once you learn, it will become much easier to make the correct choices on how to fix it, and what products, if any to purchase.
Finance Investing - Invest In Forex Trading Now!
Finance investing through forex trading is one of the largest money making markets in the world A little known fact is that forex aka forex currency trading accounts for over 2 TRILLION dollars traded a day across the market
Choosing A Credit Card When You Have Bad Credit
Credit cards may seem to be easy to understand and use, yet, there are various concepts and issues that should be taken into account when shopping for a card and when deciding to use one.
Unsecured Personal Loans for People with Poor Credit Rating
Introduction:
Bad Credit Debt Consolidation Mortgage ? At Relatively Low Interest Rate
Are you fed up of giving various payments to different creditors. Looking for a program that can bring down your payments by making you debt free within short period? Avail bad credit debt consolidation mortgage.
