Detailed legal document which sets out in precise legal terms the rules under which a trust works, its aim, the fees and charges that are created, plus the...
The depository participant gives a Transaction Statement periodically, which will detail current balances and various transactions made through the depository account. If so desired, DP may provide the...
A member of the derivatives exchange or derivatives segment of a stock exchange who settles the trade in the clearing corporation or clearing house through a clearing member.
A legally enforceable consolidation and offsetting of individual trades into net amounts of securities and money due between trading partners or among members of a clearing system. A...
A class of company share designed to “track” the performance of a particular division or subsidiary of a company, also sometimes known as a letter stock or targeted...
An advertisement placed in financial newspaper or magazine to announce the completion of a syndicated loan or a new issue of securities. It is called a tombstone because...
Tender offer means an offer by a company to buy back its specified securities through a letter of offer from the holders of the specified securities of the...
A Target company is a listed company i.e. whose shares are listed on any stock exchange and whose shares or voting rights are acquired/ being acquired or whose...
