Banking and finance News,stock watch, economic report and investment tips and avenues.
Tuesday, 27 November 2012
Consolidated Short Position Report
A consolidated report that includes the total shares short (as of the trade date) and the net change from the previous report, for bothTSX and TSX Venture Exchange listed issues. Under UMIR rule 10.10, all TSX and TSX Venture Exchange Participating Organizations and Members must report the firm's short position on a semi-monthly basis to TSX Datalinx. Non-clearing firms may report through the firm that is responsible for their clearing.
Common Shares or CommonStock
Securities that represent partownership in a company and generally carry voting privileges. Common shareholders may be paid dividends, but only after preferred shareholders are paid. Common shareholdersare last in line after creditors, debt holders and preferred shareholders to claim any of a company's assets in the event of liquidation.
Closed-End Investment Fund
An investment trust that issues a fixed number of securities that trade on a stock exchange or in the over-the-counter market. Assets of a closed-end fundare professionally managed in accordance with the fund's investment objective and policies and may be invested in a wide range of financial instruments/assets. Like other publicly traded securities, the market price of closed-end fund securities fluctuates and is determined by supply and demand in the marketplace.
Debt Volume
The number of debt instruments traded on one side of the transaction for a specified period multiplied by the face value of the debt instrument
Defensive Stock
A stock purchased from a company that has maintained a record of stable earnings and continuous dividend payments through periods of economic downturn.
Delayed Delivery Order
A special term order in which there is a clear understanding between thebuying and selling parties that the delivery of the securities will be delayed beyond the usual three-daysettlement period to the date specified in the order.A special term order in which there is a clear understanding between thebuying and selling parties that the delivery of the securities will be delayed beyond the usual three-daysettlement period to the date specified in the order.
Delist
The removal of a security's listing on a stock exchange. This is done when the security no longer exists, thecompany is bankrupt, the public distribution of the security has dropped to an unacceptably low level, or the company has failed to comply with the terms of its listing agreement
Delisted Issue
The status of a security that is no longer listed on the Exchange. The security could trade on another market.
Monday, 26 November 2012
EU-IMF agree on cutting Greek debt-to-GDP level
Euro zone finance ministers and the International Monetary Fund clinched agreementon reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.
After 12 hours of talks at their third meeting in as many weeks, Greece's international lenders agreed on a package of measures to reduce Greekdebt by 40 billion euros, cutting it to 124 percent of gross domestic product by 2020.
In a significant new pledge, ministers committed themselves to take further steps to lowerGreece's debt to"significantly below 110 percent" in 2022 -- the most explicit recognition so far that some write-off of loans may be necessary from 2016, the point when Greece is forecast toreach a primary budget surplus.
"When Greece has achieved, or is about to achieve, a primary surplusand fulfilled all of its conditions, we will, if need be, consider further measures for the reduction of the total debt," German Finance Minister Wolfgang Schaeuble said.
Eurogroup Chairman Jean-Claude Juncker saidministers would formally approve the release of a major aid instalment needed to recapitalise Greece's teetering banks and enable the government to pay wages,pensions and suppliers onDec. 13.
Greece will receive up to 43.7 billion euros in stagesas it fulfills the conditions. The December instalment will comprise 23.8 billion for banks and 10.6 billion in budget assistance.
The IMF's share, less than a third of the total, will only be paid out once a buy-back of Greek debt has occurred in the coming weeks, but IMF Managing Director Christine Lagarde said theFund had no intention of pulling out of the programme.
To reduce Greece's debt pile, ministers agreed to cut the interest rate on official loans, extend their maturity by 15 years to 30 years, and grant Athens a 10-year interest repayment deferral.
They promised to hand back 11 billion euros in profits accruing to their national central banks from European Central Bank purchases of discounted Greek government bonds in the secondary market.
They also agreed to finance Greece to buy back its own bonds from private investors at what officials said was a target cost of around 35 cents in the euro.
European Central Bank President Mario Draghi said on leaving the talks:"I very much welcome the decisions taken by theminsters of finance. They will certainly reduce the uncertainty and strengthen confidence in Europe and in Greece."
After 12 hours of talks at their third meeting in as many weeks, Greece's international lenders agreed on a package of measures to reduce Greekdebt by 40 billion euros, cutting it to 124 percent of gross domestic product by 2020.
In a significant new pledge, ministers committed themselves to take further steps to lowerGreece's debt to"significantly below 110 percent" in 2022 -- the most explicit recognition so far that some write-off of loans may be necessary from 2016, the point when Greece is forecast toreach a primary budget surplus.
"When Greece has achieved, or is about to achieve, a primary surplusand fulfilled all of its conditions, we will, if need be, consider further measures for the reduction of the total debt," German Finance Minister Wolfgang Schaeuble said.
Eurogroup Chairman Jean-Claude Juncker saidministers would formally approve the release of a major aid instalment needed to recapitalise Greece's teetering banks and enable the government to pay wages,pensions and suppliers onDec. 13.
Greece will receive up to 43.7 billion euros in stagesas it fulfills the conditions. The December instalment will comprise 23.8 billion for banks and 10.6 billion in budget assistance.
The IMF's share, less than a third of the total, will only be paid out once a buy-back of Greek debt has occurred in the coming weeks, but IMF Managing Director Christine Lagarde said theFund had no intention of pulling out of the programme.
To reduce Greece's debt pile, ministers agreed to cut the interest rate on official loans, extend their maturity by 15 years to 30 years, and grant Athens a 10-year interest repayment deferral.
They promised to hand back 11 billion euros in profits accruing to their national central banks from European Central Bank purchases of discounted Greek government bonds in the secondary market.
They also agreed to finance Greece to buy back its own bonds from private investors at what officials said was a target cost of around 35 cents in the euro.
European Central Bank President Mario Draghi said on leaving the talks:"I very much welcome the decisions taken by theminsters of finance. They will certainly reduce the uncertainty and strengthen confidence in Europe and in Greece."
Mark Carney,Canadian to succeed Mervyn King as the next governor of the Bank of England.
LONDON - In a surprising departure from convention,the British government on Monday selected Mark Carney, the head of the Canadian central bank, to succeed Mervyn King as the next governor of the Bank of England.
The appointment ended a months-long process in which some of Britain's most prominent public officials vied hungrily for a post that will come with sharply enhanced powers.
The odds were heavily stacked in favor of the Bankof England's deputy governor, Paul Tucker. The decision to select a foreigner to lead Britain's most storied financial institution came as a shock when George Osborne, the chancellor of the Exchequer, broke the newsduring a session of Parliament on Monday.
The appointment ended a months-long process in which some of Britain's most prominent public officials vied hungrily for a post that will come with sharply enhanced powers.
The odds were heavily stacked in favor of the Bankof England's deputy governor, Paul Tucker. The decision to select a foreigner to lead Britain's most storied financial institution came as a shock when George Osborne, the chancellor of the Exchequer, broke the newsduring a session of Parliament on Monday.
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