This is a principal transaction that synthesizes an agency transaction by removing the risks involved with holding a position. Large institutions might have legal and regulatory reasons for performing such a transaction.
Investment dictionary. Academic. 2012.
riskless principal — The trade was reported as a riskless principal transaction between two non members, where the two transactions are executed at different prices or on different terms (requiring two separate trade reports). OR a market make is reporting a riskless … Financial and business terms
Form 144 — On December 6, 2007, the SEC published final rules revising Rule 144 under the Securities Act of 1933, which regulates the resale of restricted securities and securities held by affiliates. The amendments to Rule 144, among other things:#Shorten… … Wikipedia
Microcap stock fraud — The night singer of shares sold stock on the streets during the South Sea Bubble. Amsterdam, 1720. Microcap stock fraud is a form of securities fraud involving stocks of microcap companies, generally defined in the United States as those with a… … Wikipedia
qualified institutional buyer — (QIB) Investors eligible to participate in the Rule 144A market under the US Securities Act of 1933. Persons that fall within the specific categories outlined in Rule 144A include institutions that own and invest on a discretionary basis at least … Law dictionary
QIB — qualified institutional buyer (QIB) Investors eligible to participate in the Rule 144A market under the US Securities Act of 1933. Persons that fall within the specific categories outlined in Rule 144A include institutions that own and invest on… … Law dictionary
Constant proportion portfolio insurance — (CPPI) is a capital guarantee derivative security that embeds a dynamic trading strategy in order to provide participation to the performance of a certain underlying asset. See also dynamic asset allocation. The intuition behind CPPI was adopted… … Wikipedia
Passive management — (also called passive investing) is a financial strategy in which a fund manager makes as few portfolio decisions as possible, in order to minimize transaction costs, including the incidence of capital gains tax. One popular method is to mimic the … Wikipedia
Option (finance) — Stock option redirects here. For the employee incentive, see Employee stock option. Financial markets Public market Exchange Securities Bond market Fixed income … Wikipedia
List of words having different meanings in British and American English: A–L — Differences between American and British English American English … Wikipedia
Louis Lévy-Garboua — Louis Lévy Garboua, né le 27 septembre 1945 au Caire (Égypte), est un économiste français. Professeur de microéconomie et d économie des ressources humaines à l Université Paris 1 Panthéon Sorbonne, ses thèmes de recherche sont la… … Wikipédia en Français
