Exam (elaborations)
CISI Unit 2 Securities
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CISI Unit 2 Securities
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CISIUnit
2
Securities
Bloomberg,
reuters,
third
party
administrators,
IT
consultants,
Lawyers
3rd
party
vendors
banks
and
brokers
are
part
of
the
sell
side
asset
managers
are
part
of
the
buy
side
Professional
sector
business
Markets,
corporate
insurance,
fund
management,
investment
banks
-
trading,
banking,
market
making,
research
corporate
finance,
investment
management,
custodian
banks
Retail
sector
retail
banking,
pensions,
insurance,
investment
services,
custodians,
financial
planning
and
wealth
management
What
is
equity?
A
company
can
issue
shares
in
order
to
raise
capital
Other
names
for
shareholders
shareholders,
voting
rights,
owners
Authorised
share
capital
Authorised
share
capital
is
the
maximum
amount
of
capital
that
can
be
raised
through
share
issue issued
share
capital
number
of
shares
the
company
has
allotted
o
shareholders
nominal
value
fixed
legal
value
of
a
share,
accounting
term
Market
capitalisation
number
of
shares
multiplied
by
the
market
price
free
float
Number
of
shares
in
the
hands
of
the
public
-
owners
holding
5%
or
more
of
all
shares
-
restricted
stocks
-
insider
holdings
What
kind
of
dividends
do
ordinary
shares
have?
Variable
What
kind
of
dividends
do
preferred
shares
have?
fixed
Do
ordinary
shares
have
voting
rights
yes
A/B
shares,
redeemable,
partly
paid
Ordinary
shares
Cumulative,
participating,
convertible,
redeemable
Preferred
shares Priority
order
upon
liquidation
Preferred,
ordinary
What
are
redeemable
shares
offered
by
a
company
to
shareholders
that
may
be
bought
back
by
the
company
at
its
election.
Companies
are
permitted
to
issue
ordinary
shares
that
can
be
redeemed,
as
long
as
conventional
non-redeemable
ordinary
shares
are
also
in
issue
Partly
paid
each
ordinary
share
has
a
nominal
value,
which
represents
the
minimum
amount
that
the
company
must
receive
from
subscribers
on
the
issue
of
the
shares.
Occasionally
the
company
may
not
demand
all
the
nominal
value
at
issue,
with
the
shares
then
referred
to
as
being
partly
paid
cumulative
right
to
receive
the
dividend
is
rolled
over
into
the
next
period
participating
opportunity
for
further
dividend
convertible
right
to
convert
into
ordinary
shares
American
depository
receipts
(ADR)
A
used
by
non-US
companies
in
order
to
encourage
US
Dollar
investments
to
buy
an
equity
stake
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