what is the "credit support annex"?
Category: glossary by N. Pace from Richmond, Canada
"credit support annex " is A credit support annex provides credit protection by setting forth the rules governing the mutual posting of collateral. CSAs are used in documenting collateral arrangements between two parties that trade privately negotiated (over-the-counter) derivative securities. The trade is documented under a standard contract called a master agreement, developed by the International Swaps and Derivatives Association (ISDA). The two parties must sign the ISDA master agreement and execute a credit support annex before they trade derivatives with each other. In addition to executing the ISDA master agreement and credit support annex, issuers must implement proper resolutions that give authorization to execute any derivative transactions. Each issuer must also obtain an opinion from its respective legal counsel about whether both parties can enter into swap transactions. Issuers must also ensure that such contracts are binding and enforceable, and obtain final credit approval from a bank.
do you know what "forced liquidation" is?
Category: glossary by O. Cervantes from Derby, United Kingdom
An action taken by brokerage houses that offsets and closes all positions within delinquent customer accounts in order to reduce exposure. Forced liquidations generally occur after warnings have been issued by the broker regarding the under-margin situation of an account. Should the account holder choose not to meet the margin requirements, the broker has the right to sell off the positions.
Are you familiar with a fx trading platform with useful customer support that you can advice me of?
Category: general by H. Flowers from Cork, Ireland
We think the best place for your purpose is "AVA FX". Their service team is extraordinary. It takes no time to catch them.
Would you name a site that has a small minimum deposit
Category: money by A. K. From Riverside, United States
We think the best place for your purpose is "FX Universal". The start amount to deposit is just $250, they charge no commission in this place, the platform graphics are the most fancy, plus the service is astounding.
what is a "bridge financing"?
Category: glossary by H. Kline from Antwerpen, Netherlands
A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. These funds are usually supplied by the investment bank underwriting the new issue. As payment, the company acquiring the bridge financing will give a number of shares at a discount of the issue price to the underwriters that equally offsets the loan. This financing is, in essence, a forwarded payment for the future sales of the new issue.
what is the "leg"?
Category: glossary by U. Foreman from Dublin, Ireland
"leg " is A term describing one side of a position with two or more sides. When a trader legs into a spread, they establish one side first, hoping for a favourable price movement so the other side can be executed at a better price. This is, of course, a higher-risk
any foreign exchange trading system that's known for its secure connection that you can refer me to?
Category: technical by Q. X. From United States
If you need a foreign exchange trading system with a secure connection, you should clearly register to "EToro USA". We are often pleased with the sign in process to the server, it's pretty simple to use the environment. You will encounter non of most of the usual communication disturbances you get connecting to this type of servers, and the connection to the server is excellent.
do you know what "grace period" is?
Category: glossary by U. H. From Fayetteville, United States
The period, normally 30 days, during which an insurance policy remains in force even though the premium has not been paid.
please define "net revenue pledge"
Category: glossary by J. Meadows from Kansas City, United States
A provision in a municipal bond issue that requires the issuing municipality to use net revenues (revenues left after expenses) from the project being financed to pay first the debt service costs of the issue. Similar to other restrictive provisions contained in bond indentures, a net revenue pledge serves to make the bond issue less risky for bondholders. Since the pledge effectively forces the government to use revenue from its debt-financed projects to pay debt service costs first, bondholders enjoy a reduced risk of default.
what is the "trading authorization"?
Category: glossary by F. O. From Austria
a "trading authorization " is The level of power entrusted to a broker or agent granting specific levels of access to a client's account. Trading authorization dictates what actions an agent may perform, such as buying or selling. This is similar to the concept of power of attorney, but only deals with the client's trading account. Investors may authorize an agent by filling out the required documentation. The client will likely be able to choose between granting either full or limited authorization, with the latter restricting the agent from withdrawing funds from the account. Once trading authorization has been established, an agent may purchase and sell securities on the client's behalf, make inquiries into the account and possibly withdraw or transfer funds.