Tuesday, 11 December 2012
Issue Status
The trading status of a class or series of an issuer's listed securities, such that a class or series of listed securities of an issuer may be halted, suspended, or delisted fromtrading.
Issued and Outstanding Securities
Commonly refers to the situation where the number of issued securities equals the number of outstanding securities. However, under certain corporate statutes in Canada, an issuer may have issued securities and then repurchased those securitieswithout cancelling them. In that case, the securities are issued but are not outstanding. As a result, the number of issued securities does not equal the number of outstanding securities.
Jitney Order
The execution and clearing of orders by one member ofa stock exchange for the account of another member.For example, investment dealer A is a small firm whose volume of business isnot sufficient to maintain a trader on the exchange. Instead, investment dealer A gives its orders to investment dealer B, a larger organization which is a member of the exchange, for execution. Investment dealer A pays a reduced percentage of the normal commission.
Last Sale Price
For a Market On Close (MOC)-eligible security, the last sale price equals the calculated closing price. If the MOC closing price acceptance parameters are exceeded, it equals the last board lot sale price of the security on the exchange in the regular trading session.
For any other listed security,the last sale price equals thelast board lot sale price of the security on the exchange, in the regular trading session.
For any other listed security,the last sale price equals thelast board lot sale price of the security on the exchange, in the regular trading session.
Liabilities
The debts and obligations ofa company or an individual. Current liabilities are debts due and payable within oneyear. Long-term liabilities are those payable after one year. Liabilities are found ona company's balance sheet or an individual's net worth statement.
Limit Order
An order to buy or sell stock at a specified price. The order can be executed only at the specified price orbetter. A limit order sets themaximum price the client is willing to pay as a buyer, and the minimum price theyare willing to accept as a seller.
Liquidating Order
An order to close out an existing open futures or options contract. A liquidating order involves the sale of a contract that has been purchased or purchase of a contract that has been sold.
Liquidity
This refers to how easily securities can be bought or sold in the market. A security is liquid when thereare enough units outstanding for large transactions to occur withouta substantial change in price.
HSBC to announce $1.8 bln settlement in U.S. money laundering probe-sources
Dec 11 (Reuters) - HSBC Holdings Plc is expected to become the first bank to admit to both money-laundering lapses and U.S. sanctions violations onTuesday as part of a settlement of around $1.8 billion with law enforcement agencies, according to people familiar with the situation.
The settlement, which willbe in the form of a deferred-prosecution agreement, is the largest by far that a U.S. or European bank has agreed to amid a crackdown in the United States.
Reuters reported last week that London-based HSBC would be forced to pay the $1.8 billion and that criminal charges would be deferred. In November, HSBC said the total penalty could exceed $1.5 billion.
Details about the settlement could come around midday on Tuesday (1700 GMT) in a presentation by the U.S. Justice Department in Brooklyn, New York, or Washington, D.C.
Prosecutors have been investigating the bank for several years over multiple lapses in policingillicit flows of money tied to Mexican exchange houses that have been known to move money fordrug traffickers.
This year, the bank has undertaken a public relations campaign and internal reorganisation in London to underscore that it took seriously the Justice Department probe and its anti-money laundering obligations.
In January, it named former top U.S. Treasury Department official Stuart Levey as chief legal officer.
As recently as Monday, HSBC said named Robert Werner, a former TreasuryDepartment official who specialised in money laundering and sanctions violations, as head of financial crime complianceand HSBC money-laundering compliance officer. Werner joined the bank in August.
A number of European and U.S. banks have beenforced to pay hundreds ofmillions of dollars for violating U.S. sanctions laws that prohibit dealingswith clients or other banksin Iran, Cuba and Sudan.
On Monday, another British bank, Standard Chartered Plc , agreed to a $327 million settlement for sanctions violations.
Other banks caught up in a sanctions probe that originated with the Manhattan district attorneyinclude Lloyds Banking Group and Barclays Plc in Britain, Credit Suisse Group in Switzerland and Dutch banks ABN Amro Holdings NV and ING Bank NV.
But HSBC's problems extend beyond sanctions violations to a failure to police cash transactions linked to Mexico. Details of those dealings were reported this summer in a sweeping U.S. Senate probe.
According to that report, Mexican and U.S. regulators "expressed repeated concerns" that an HSBC unit handled such a large amount of bulk cash that it had to betied to "illegal drug proceeds".
How to prosecute HSBC has been a source of debate within the Justice Department. As far back as2010, a U.S. attorney in West Virginia was prepared to indict HSBC on a money-laundering count, according to a document reviewed by Reuters.
The settlement, which willbe in the form of a deferred-prosecution agreement, is the largest by far that a U.S. or European bank has agreed to amid a crackdown in the United States.
Reuters reported last week that London-based HSBC would be forced to pay the $1.8 billion and that criminal charges would be deferred. In November, HSBC said the total penalty could exceed $1.5 billion.
Details about the settlement could come around midday on Tuesday (1700 GMT) in a presentation by the U.S. Justice Department in Brooklyn, New York, or Washington, D.C.
Prosecutors have been investigating the bank for several years over multiple lapses in policingillicit flows of money tied to Mexican exchange houses that have been known to move money fordrug traffickers.
This year, the bank has undertaken a public relations campaign and internal reorganisation in London to underscore that it took seriously the Justice Department probe and its anti-money laundering obligations.
In January, it named former top U.S. Treasury Department official Stuart Levey as chief legal officer.
As recently as Monday, HSBC said named Robert Werner, a former TreasuryDepartment official who specialised in money laundering and sanctions violations, as head of financial crime complianceand HSBC money-laundering compliance officer. Werner joined the bank in August.
A number of European and U.S. banks have beenforced to pay hundreds ofmillions of dollars for violating U.S. sanctions laws that prohibit dealingswith clients or other banksin Iran, Cuba and Sudan.
On Monday, another British bank, Standard Chartered Plc , agreed to a $327 million settlement for sanctions violations.
Other banks caught up in a sanctions probe that originated with the Manhattan district attorneyinclude Lloyds Banking Group and Barclays Plc in Britain, Credit Suisse Group in Switzerland and Dutch banks ABN Amro Holdings NV and ING Bank NV.
But HSBC's problems extend beyond sanctions violations to a failure to police cash transactions linked to Mexico. Details of those dealings were reported this summer in a sweeping U.S. Senate probe.
According to that report, Mexican and U.S. regulators "expressed repeated concerns" that an HSBC unit handled such a large amount of bulk cash that it had to betied to "illegal drug proceeds".
How to prosecute HSBC has been a source of debate within the Justice Department. As far back as2010, a U.S. attorney in West Virginia was prepared to indict HSBC on a money-laundering count, according to a document reviewed by Reuters.
Monday, 10 December 2012
List of Banks in Egypt
The major commercial top banks in Egypt are Cairo Amman Bank, Banque Misr, Bank of Alexandria, NationalBank of Egypt and Banque du Caire. These are well-known commercial public sector banks.
The non-commercial banks that are private include Arab African International Bank, National Societe Generale Bank, Islamic International Bank for investment and development and Export Development. These banks have remarkable contribution and with efficient operation have gained immense popularity.
Foreign and private banks
The foreign banks in Egypt are Barclays, BNP Paribas, Egyptian American Bank, Commercial International Bank and Agricole Indosuez.
The private banks are Misr International, Faisal Islamic Bank, the Nile Bank, Egyptian American Bank, Egyptian commercial Bank and Al Watany Bank of Egypt. Among these banks, Faisal Islamic Bank is the foremost Islamic and commercial Bank, besides being the most significant financial institute.
The system of banking in Egypt comprises of fifty-seven commercial banks thatare stated-owned, including26 investment banks, 28 commercial banks and threespecialized banks. Among the number of investment banks, the joint-ventured banks are 11 and 15 are foreign banks branches.
The banking in Egypt is growing, although joint venture banks as well as private banks remain small having few branches. However, the banking system here has undergone severe transformations that they are highly modern andliberalized and is regulated and supervised based on the international standards. Name Tel. No. CompanyWebsite Address
ABC International Bank PLC-Egypt-S.A.E +202 27362684 http://www.arabbanking.com/
AFRICAN DEVELOPMENT BANK GROUP +202 516 0906http://www.afdb.org/en/
AHLI UNITED BANK+20 22 580 1200 http://www.ahliunited.com/
ALEXANDRIA COMMERCIAL AND MARITIME BANK +20 3 927307 http://www.acmb.com.eg/
AL WATANY BANK OF EGYPT +202 333 888 16 http://www.alwatany.net/
ARAB BANK +20 2 3029069 http://www.arabbank.com.eg/
BANK OF ALEXANDRIA+20 2 393 8623 http://www.alexbank.com/
BANK OF COMMERCE& DEVELOPMENT ( AL-TIGAREYOUN ) +20 2 3928849 http://www.nbdegypt.com/
BANQUE DU CAIRE 3904554 http://www.bdc.com.eg/
BLOM BANK EGYPT+20 2 303 9825 http://www.blom.com.lb/English/
BNP PARIBAS LE CAIRE 7948324 NA
CAIRO FAR EAST BANK3362517 NA
CENTRAL BANK OF EGYPT 00202 3931514 http://www.cbe.org.eg/
COMMERCIAL INTERNATIONAL BANK S.A.E. 5703043 http://www.cibeg.com/en/
CREDIT SUISSE -GIZA - CAIRO +20 2 570 99 55 https://www.credit-suisse.com/
CREDIT AGRICOLE BANK 20-2-738-2661 http://www.eab-online.com
DELTA INTERNATIONAL BANK 5753492 NA
DEUTSCHE BANK +20 2 3907344 https://www.deutsche-bank.de/
EGYPTIAN AMERICAN BANK +20 2 738 2661 http://www.eab-online.com/
EGYPTIAN ARAB LANDBANK 002 02 3383697 https://www.eal-bank.com/
EGYPTIAN COMMERCIAL BANK 5778933 http://www.ecb.com.eg/
EGYPTIAN GULF BANK 7606457 NA
EGYPTIAN SAUDI FINANCE BANK 7481222 http://www.esf-bank.com/
EGYPTIAN WORKERS BANK 5763622 NA
FAISAL ISLAMIC BANKOF EGYPT 7868723 NA
HSBC BANK EGYPT S.A.E. 7354849 NA
HOUSING & DEVELOPMENT BANK 202-749-2013 http://www.hdb-egy.com/
MISR AMERICA INTERNATIONAL BANK 7616623/27 http://www.maib.com.eg/
MISR EXTERIOR BANK 202 796 3939 http://www.misrext.com/
MISR ROMANIAN BANK 3039825 http://www.mrb.com.eg/
MOHANDES BANK 3362761 NA
NATIONAL BANK FOR DEVELOPMENT 3921529 http://www.nbdegypt.com/
NATIONAL BANK OF EGYPT 5749101 http://www.nbe.com.eg/
NATIONAL SOCIETE GENERAL BANK 20-2-770-7777 http://www.nsgb.com.eg/
PORT SAID NATIONALBANK FOR DEVELOPMENT +202 066/3237602 NA
SUEZ CANAL BANK 7945394 http://www.scbank.com.eg/
SOC ARABE INTL B 20-3-749-9464 NA
THE NILE BANK 5751105 NA
UBS AG IN KAIRO +2022 578 92 82 http://www.ubs.com/in/en.html
UNITED BANK OF EGYPT (U.B.E.) 7920146/7/8/9 http://www.ube.net/
The non-commercial banks that are private include Arab African International Bank, National Societe Generale Bank, Islamic International Bank for investment and development and Export Development. These banks have remarkable contribution and with efficient operation have gained immense popularity.
Foreign and private banks
The foreign banks in Egypt are Barclays, BNP Paribas, Egyptian American Bank, Commercial International Bank and Agricole Indosuez.
The private banks are Misr International, Faisal Islamic Bank, the Nile Bank, Egyptian American Bank, Egyptian commercial Bank and Al Watany Bank of Egypt. Among these banks, Faisal Islamic Bank is the foremost Islamic and commercial Bank, besides being the most significant financial institute.
The system of banking in Egypt comprises of fifty-seven commercial banks thatare stated-owned, including26 investment banks, 28 commercial banks and threespecialized banks. Among the number of investment banks, the joint-ventured banks are 11 and 15 are foreign banks branches.
The banking in Egypt is growing, although joint venture banks as well as private banks remain small having few branches. However, the banking system here has undergone severe transformations that they are highly modern andliberalized and is regulated and supervised based on the international standards. Name Tel. No. CompanyWebsite Address
ABC International Bank PLC-Egypt-S.A.E +202 27362684 http://www.arabbanking.com/
AFRICAN DEVELOPMENT BANK GROUP +202 516 0906http://www.afdb.org/en/
AHLI UNITED BANK+20 22 580 1200 http://www.ahliunited.com/
ALEXANDRIA COMMERCIAL AND MARITIME BANK +20 3 927307 http://www.acmb.com.eg/
AL WATANY BANK OF EGYPT +202 333 888 16 http://www.alwatany.net/
ARAB BANK +20 2 3029069 http://www.arabbank.com.eg/
BANK OF ALEXANDRIA+20 2 393 8623 http://www.alexbank.com/
BANK OF COMMERCE& DEVELOPMENT ( AL-TIGAREYOUN ) +20 2 3928849 http://www.nbdegypt.com/
BANQUE DU CAIRE 3904554 http://www.bdc.com.eg/
BLOM BANK EGYPT+20 2 303 9825 http://www.blom.com.lb/English/
BNP PARIBAS LE CAIRE 7948324 NA
CAIRO FAR EAST BANK3362517 NA
CENTRAL BANK OF EGYPT 00202 3931514 http://www.cbe.org.eg/
COMMERCIAL INTERNATIONAL BANK S.A.E. 5703043 http://www.cibeg.com/en/
CREDIT SUISSE -GIZA - CAIRO +20 2 570 99 55 https://www.credit-suisse.com/
CREDIT AGRICOLE BANK 20-2-738-2661 http://www.eab-online.com
DELTA INTERNATIONAL BANK 5753492 NA
DEUTSCHE BANK +20 2 3907344 https://www.deutsche-bank.de/
EGYPTIAN AMERICAN BANK +20 2 738 2661 http://www.eab-online.com/
EGYPTIAN ARAB LANDBANK 002 02 3383697 https://www.eal-bank.com/
EGYPTIAN COMMERCIAL BANK 5778933 http://www.ecb.com.eg/
EGYPTIAN GULF BANK 7606457 NA
EGYPTIAN SAUDI FINANCE BANK 7481222 http://www.esf-bank.com/
EGYPTIAN WORKERS BANK 5763622 NA
FAISAL ISLAMIC BANKOF EGYPT 7868723 NA
HSBC BANK EGYPT S.A.E. 7354849 NA
HOUSING & DEVELOPMENT BANK 202-749-2013 http://www.hdb-egy.com/
MISR AMERICA INTERNATIONAL BANK 7616623/27 http://www.maib.com.eg/
MISR EXTERIOR BANK 202 796 3939 http://www.misrext.com/
MISR ROMANIAN BANK 3039825 http://www.mrb.com.eg/
MOHANDES BANK 3362761 NA
NATIONAL BANK FOR DEVELOPMENT 3921529 http://www.nbdegypt.com/
NATIONAL BANK OF EGYPT 5749101 http://www.nbe.com.eg/
NATIONAL SOCIETE GENERAL BANK 20-2-770-7777 http://www.nsgb.com.eg/
PORT SAID NATIONALBANK FOR DEVELOPMENT +202 066/3237602 NA
SUEZ CANAL BANK 7945394 http://www.scbank.com.eg/
SOC ARABE INTL B 20-3-749-9464 NA
THE NILE BANK 5751105 NA
UBS AG IN KAIRO +2022 578 92 82 http://www.ubs.com/in/en.html
UNITED BANK OF EGYPT (U.B.E.) 7920146/7/8/9 http://www.ube.net/
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