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31 Cards in this Set
- Front
- Back
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Federal Farm Credit System |
Federal land bank, bank for cooperatives, and federal intermediate credit bank |
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Dollar cost averaging |
An equal dollar amount is invested periodically. Does not prevent loss but can lower the avg cost per share |
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Letter of intent |
Initiates the underwriting process and is signed by the issuer and managing underwriter |
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Simple Arbitration |
Available for claims of $50,000 or less and statute of limitation is 6 years |
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Systematic rosk |
Market risk, affects all securities and therefore is not eliminated by diversification |
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Largest portion of the spread |
Concession |
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Retail publications need filed... |
At least 10 business days prior to first use or publication if contains performance information, if not its within 10 days of first publication |
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Margin calls |
Firms do not have to notify clients before calling and an extension is not a right |
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Bond contract |
Describes the nature of the contract and the issuers duties to bond holders. Comprised of gone bond resolution (trust indenture) and other security agreements |
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Interbank market |
Deals primarily in currencies and is unregulated. OTC market whose participants are major dealers such as banks |
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Cash dividends are reduced when... |
Only on orders placed below the market price |
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Purchasing power risk |
Inflation, highest with a long term fixed income investment |
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Current yueld |
Annual dividend/market price |
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Systematic risk |
Market risk applied to the value of an entire portfolio. Use index options to protect |
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Not included on an when issued confirmation |
S settlement date A accrued interest T total amount due |
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Volatility strategy |
Buy a straddle |
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Sinking funs |
Force revenue bond issuers to set aside a portion of their revenue for debt retirement |
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Nonsystematic Risk |
Associated with the decline of an individual security's value, diversification reduces it |
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If you're expecting volatility, buy a... |
Long straddle |
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Good faith deposit |
1-2% of total par, returned to underwriting syndicate if the bid is unsuccessful |
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Fill or kill |
Must be executed immediately in their entirety or they are cancelled |
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Initial margin requirements |
2000 or 50% (whichever is higher) unless the initial transaction is less than 2000 then then need to deposit the full amount |
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Rule 144A |
Regulates trading of restricted securities to Inst investors |
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The most risky option |
writing naked calls |
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The OTC market can be characterized as what type of market? |
Auction |
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Shelf offering |
Used to issue additional equity or debt. Must sell within. 3 years after the registration is declared effective |
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Converting bond into stock... |
Not a taxable event |
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SAR |
Transaction or pattern of transactions is suspicious |
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SAR |
Transaction or pattern of transactions is suspicious |
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Form 112 |
Files for any single day cash deposit of more than $10,000 |
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Underwriting spread, concession is the ...and managers fee is the... |
Largest
Smallest |
