Settlement Risk refers to the potential loss that arises when one party to a financial transaction fails to deliver on its contractual obligations at the time of settlement....
The settlement period refers to the length of time between the execution of a trade and the actual transfer of securities and funds between the buyer and seller....
A Self-Clearing Member (SCM) refers to a trading member or participant in a stock exchange or derivatives market who is authorised to clear and settle their own trades...
An electronic filing system (the System for Electronic Document Analysis Retrieval) in Canada that enables companies to file prospectuses and continuous disclosure documents.
The process of homogenizing and packaging financial instruments into a new fungible one. Acquisition, classification, collateralization, composition, pooling and distribution are functions within this process.
The Securities Lending Scheme (SLS) is a financial mechanism that allows lenders (investors or institutions) to temporarily lend their securities, such as shares or bonds, to borrowers (usually...
A fund that invests primarily in securities of companies engaged in a specific investment segment. Sector funds entail more risk, but may offer greater potential returns than funds...
A surprise tender offer with a 7-10 day expiration period. So called because the strategy often involves announcing it over the weekend, thus denying the rival management time...
Another way of fighting off an unfriendly takeover by a company. Here, the company that is the object of the takeover goes out and buys a radio station,...
