- Industry: News service
- Number of terms: 2877
- Number of blossaries: 0
- Company Profile:
United Kingdom-based news service and former financial market data provider that provides news reports from around the world to news media
The complete contract specifying all the terms and conditions of a bond issue.
Industry:Financial services
When a bond-holder sells a security-cum-interest and buys it back after the coupon is paid so as to convert the interest income into a capital gain. This is worthwhile only where lower tax rates apply to capital gains. See also Bond, Coupon.
Industry:Financial services
When a company transfers money from its reserves to its permanent capital it makes a free issue of shares to shareholders. These new shares are then distributed to the existing holders in proportion to their existing holdings. Also known as capitalization issue, a free issue and a scrip issue.
Industry:Financial services
A trader’s record of purchases and sales in one or more financial instruments. Talking a book also means a trader commenting favourably or unfavourably on a financial instrument depending on whether he is long or short in that instrument. The ‘books’ is also a colloquial term referring to the overall accounting records of a business. See also Matched Book, Unmatched Book.
Industry:Financial services
An exercise by an investment bank, which is lead-managing a new issue to ascertain the likely levels of demand for a security at different prices. It is designed to prevent an issue being undersubscribed because of a large discrepancy between the issue price and the price at which the security starts trading on the secondary market.
Industry:Financial services
Securities registered by the issuer. This usually occurs in computerised form with no physical issues, thereby reducing paperwork, expenses and simplifying transfer of ownership.
Industry:Financial services
The value at which assets were originally entered in the books of a company’s balance sheet.
Industry:Financial services
The investment firm responsible for looking after the administration of a new bond issue. The book runner is responsible for tasks such as inviting others to subscribe and allocating bonds to subscribers.
Industry:Financial services
The value at which fixed assets are listed in the balance sheet. Effectively the original purchase cost minus any allowance for depreciation.
Industry:Financial services
The net amount of money needed by a government to finance budget deficits and maturing debt.
Industry:Financial services
