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.
A financial contract or a series of transactions undertaken, entirely or in part, because the transaction(s) enable(s) one or more of the counterparties to accomplish a financial or...
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...
The person appointed by a body corporate or any person or group of persons to carry on the activities of collecting applications from investors in respect of an...
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...
