Acronym for the Securities Investor Protection Corporation, a corporation created by Congress (although not a government agency) which will provide funds to protect investors cash and stocks left...
Securities and Exchange Commission (SEC) The US Government agency that regulates securities trading. It has civil enforcement powers only and must seek criminal prosecution through the US Justice...
A run involves a person creating activity in a security by successively buying or selling that security. The intention is that the increased activity would, in case where...
Reverse book building is similar to the process of book building, which is aimed at securing the optimum price for a company’s share. In reverse book building the...
The price or net asset value at which an open-ended scheme purchases or redeems its units from the unit holders. It may include exit load, if applicable.
Regulatory arbitrage refers to the practice of exploiting differences, gaps or inconsistencies in laws, regulations or supervisory frameworks to gain financial, operational or strategic advantages. Organisations or individuals...
Two Federal Board regulations controlling respectively, the amount of credit a broker or a bank can extend to a client to buy securities. During recent years, under Regulation...
A Registrar to an Issue is a financial intermediary responsible for managing and processing the administrative aspects of a public issue of securities, such as shares, debentures, or...
A date on which the records of a company are closed for the purpose of determining the stockholders to whom dividends, proxies rights etc., are to be sent.
Concept designed to achieve sound risk management in the settlement of interbank payments. Transactions are settled across accounts held at the Central Bank on a continuous gross basis...
