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Build a book |
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Build a bookIn the context of general equities, develop customer orders to gather demand/supply in order to make a bid or an offer.Build a book Similar MatchesBuilding Societies Investor Protection SchemeBuilding Societies Investor Protection SchemeA scheme set up to give limited protection to people with share and/or deposit accounts in authorised building societies which fail. Building societies are regulated and supervised by the Financial Services Authority and this scheme was replaced by the Financial Services Compensation Scheme (FSCS) in December 2001. In the case of an authorised building society being wound up there is a provision to pay compensation of 90% of a person's shares and/or deposits up to a set maximum. Building societyBuilding society'Mutual' non-profit-making institutions set up to lend money to their members for house purchase. Building societies are 'mutual;' because they are owned by their members, and their members are entitled to their profits and benefits.The Building Societies Act 1986 enabled building societies to provide a much wider range of services to their members, including unsecured personal loans, insurance policies, house-selling, and pensions. This was designed to put them on a level playing field with banks.In recent years some of the UK's largest building societies have demutualised and effectively turned themselves into profit-making banks, with their profits being distributed to shareholders rather than their customers.Building societies are regulated by the Financial Services Authority (FSA). Capital Builder Account (CBA)Capital Builder Account (CBA)A Merrill Lynch brokerage account that allows investors to access the loan value of his or her eligible securities to buy or sell securities. Excess cash in a CBA can be invested in a money market fund or an insured money market deposit account without losing access to the money. Position buildingPosition buildingBuying shares to build up a long position or selling shares to create a short position in a particular security or group of securities. BookbuildingBookbuildingWhen a company is about to have a new issue of shares (possibly an IPO), its advisers may well do the rounds of the City fund managers to establish how many shares they are interested in taking and at what price. This is known as bookbuilding, and its purpose is to help the company find an offer price that ensures the new issue is successful. The bookbuilding process can begin several months before the company floats:Two months to flotation: the company's investment banks decide which institutional investors to target.One month to flotation: roadshows begin. Management and banking advisers meet potential investors to present their case and to get a feel for the level of interest.Two weeks to go: bookbuilding starts in earnest. Advisers canvas interested investors to establish how many shares they want and how much they are prepared to pay. If demand is weak, the bankers may cut the price range of the issue.One week to go: investors confirm to the banks the exact number of shares that they want.One day to go: the company and its bankers make a final decision on price, and allocate shares. Further SuggestionsSelf build mortgageBuildings insurance buildings insurance Buildings and contents insurance Capacity building Building society Building survey Building And Loan Association Builder buydown loan Building block |
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