Securities as a means of payment.
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Securities as a means of payment. by Charles A. Conant

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Published by American Academy of Political and Social Science in [Philadelphia .
Written in English


  • Securities.,
  • Payment.,
  • Exchange.

Book details:

Edition Notes

SeriesAnnals of the American Academy of Political and Social Science -- v. 14, no. 2
ContributionsAmerican Academy of Political and Social Science.
LC ClassificationsH1 .A4
The Physical Object
Pagination181-203 p.
Number of Pages203
ID Numbers
Open LibraryOL22263999M

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  A book transfer is the movement of funds from one deposit account to another in the same bank. A change in ownership of an asset, such as a . As payment for the loan, the parties negotiate a fee, quoted as an annualized percentage of the value of the loaned securities. If the agreed form of collateral is cash, then the fee may be quoted as a " short rebate ", meaning that the lender will earn all the interest that accrues on the cash collateral and will "rebate" an agreed rate of.   Securities lending is the act of loaning a stock, derivative or other security to an investor or firm. Securities lending requires the borrower to put up collateral, whether cash, security or a.   Payment-in-kind also refers to a financial instrument that pays interest or dividends to investors of bonds, notes, or preferred stock with additional securities or equity instead of cash.

For securities lending, the collateral may be cash or more commonly other securities. In order to avoid operational risk, the securities lent and those provided as collateral are transferred at the same time. Exchanging one security for another at the same time can be technically challenging, so securities lending is often done in two steps.   Bad Paper: Unsecured short-term fixed income instrument that is issued either by a corporation, city, state or country, that has a high probability .   More than 60 million people receive Social Security benefits. For many of them, the money they get from the federal program represents most or all of .   Securities: Definition, Types and What They Mean for Investors. Securities are the tools of the trade in the investment world - and deserve closer consideration by investors. Author.

  Fedwire-eligible securities include securities issued by the U.S. Treasury, other federal agencies, government-sponsored enterprises, and certain international organizations, such as the World Bank. Securities are held and transferred in book-entry form. Securities transfers can be made free of payment or against a designated payment. payments in the United States, particularly those involving retail transactions, continues to be settled through the use of paper-based instruments, particularly cash and cheques. The use of electronic payment mechanisms, such as the Automated Clearing House (ACH) and ATM and POS networks, however, have been growing rapidly.   Once a security becomes eligible, DTC, through its nominee Cede & Co., is the registered holder of the securities, routinely processing dividend and interest payments and managing the electronic “book-entry” transfer of interests in securities among participants. Free of Payment (FOP) is term used by IB to refer to a process of transferring long US securities between IB and another financial institution (e.g. bank, broker or transfer agent) through the Depository Trust Company (DTC).