Business Administration - Financial Planning RFC125 Chapter Notes - Chapter 9: United States Treasury Security, Market Risk, Canadian Securities Course
24 Oct 2016
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Document Summary
Chapter 9: equity securities- equity transactions (notes half written/half typed) G. o. c canada bonds 3 years or less- two business days. All other securities- three business days after: margin accounts: for clients who wish to by and sell securities on credit and initially pay only part of the full price of the transaction. Charged interest on the loan by the dealer member. Long position: represents actual ownership in a security. Short position: created when an investor sells a security that he. If the dealer does not pay the overdue amount for an account on time, the account will become restricted and trading activity will no longer be permitted until the account is settled. Free credit balances: uninvested funds held in client"s accounts that the dealer member may use as a financing source for its business. Iiroc and the exchanges require this statement to be sent to customers by a dealer member.
