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26 Cards in this Set
- Front
- Back
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FRAC
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Proccess established by the act of 33 for new issue registration,
Filed Registered Authorize (Never Approved) Clear |
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Act Of 33
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AKA New issue act, Paper Act, Prospective Act
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SINC
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The % Rate on a Bond-
Stated Interest Nominal Coupon |
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MIC
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Changes needed for a bond swap within 30 days-
Maturity Issuer Coupon |
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DIPM
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2ndry Trading OTC out of inventory-
Dealer Inventory Principal Mark up/down |
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ABCD
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"2ndry Trading OTC WITHOUT INVENTORY-
Agent Broker Commission Disclose on Confirmation |
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DIE
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Sub Chapter M- Mutual Funds must distribute 90% of net investment income--
Dividends+Interest-Expenses= Net Investment Income |
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ROD/S
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Cash Flow For Limited Partnerships---
Revenues -operating expenses -Debt Sevice =Cash Flow |
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DRAW
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Depreciate
Recover Amortize Write OFF |
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FUM
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Investment Companies---
Face Amount Certificate Unit Investment Trust Managed (open end and closed end) |
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SEAT
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Prepare and order for execution--
Stop Elect Activate Trigger |
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DNR
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Do Not Reduce on Buy limit or short stop orders when dividends are declared
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DNS
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Do Not Ship- execute an NYSE order at B/D only (no 3rd market)
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PSA
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Public Securities Association- B/D Specializing in CMO transaction
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SLoBS
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Order Placement above market---
Sell Limit--Buy Stop |
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BLeSS
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Order Placment Below Market---
Buy Limit--Sell Stop |
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MOD
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3 accounts, require 3 signatures--
Margin Options Discretionary |
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GEM
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Investment Advisors can for a FEE=--
Give Advice Execute Trades Manage Accounts |
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SAQ
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"Discretionary Account if RR choses any 1 of ----
Security Action Quanitity (Time and price not in equation) |
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SIC
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Securties Info Center (Verifies Stolen Securities)
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Margin Account Formulas
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Long-50% (reg T)
LMV-DB=Eq…. Req Eq=Ex. Eq/Restricted <4000-2000=2000 <2000=total amount |
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Margin Rules on Shorts
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Total Credit Balance-SMV=Equity
(Credit Balance + Required Equity) Exception: Short Stock MV < $5 >$2.5 Req Eq=100% of proceeds <$2.50 Req Eq=$2.50 |
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Margin for Options
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Buying any option 100% (LEAPS 75%)
Selling a covered option Req Eq=0% |
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Tax Free Investments
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Muni
Roth Stock Dividend Life Insurance 70% Corp Div Exclusion |
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Buying Calls
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B/E=SP+Prem
MG=Unlimited ML=Premium |
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Selling Calls
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B/E=SP+Prem
MG=Premium ML=Unlimited |
