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Cat standard |
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CAT standardThese are a set of standards proposed by the government aimed at ensuring a certain level of standard amongst financial products such as mortgages and ISAs. Whilst they are a sign that a lender or provider is a reputable business and offers products that are of a certain quality, a CAT mark does nott ensure that a product is the most suitable one for you.Cat standardCat standards signify that a financial product meets certain standards on Charges, Access and Terms. The standards vary according to the product:Stocks and share ISAsNo initial or exit charge; minimum investment not more than £500 lump sum, or £50 per month; at least 50% invested in EU-quoted stocksCash ISAsNo charges; minimum transaction no greater than £10; withdrawals no later than seven days; no penalties; interest rate no lower than 2 per cent below basic bank rates; rises on the back of basic rate increases must occur within one monthInsurance ISAsMaximum charges of 3 per cent per year; premium no higher than £250 lump sum of £25 monthly; surrender values of at least asset value; after three years, surrender values must be no lower than total premiumsThe fact that a financial product offered by an institution has a CAT mark is not a guarantee of its performance or a recommendation by the government. It simply indicates that it satisfied the objective criteria.Equally the absence of a CAT mark does not mean it should be avoided. Some of the best-performing ISAs do not have CAT marksSimilar MatchesStandard deviationStandard deviationA statistical measure of price fluctuation. One use of the standard deviation is to measure how stock price movements are distributed about the mean. Standard Industrial Classification (SIC)Standard Industrial Classification (SIC)A code system that designates a unique business activity classified by industry. Labor standards argument for protectionLabor standards argument for protectionThe view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining. Standardized normal distributionStandardized normal distributionA normal distribution with a mean of 0 and a standard deviation of 1. Financial Accounting Standards Board (FASB)Financial Accounting Standards Board (FASB)Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). Further SuggestionsStandard and Poor's Composite Index (S&P 500)Standard Variable Rate Statement of Financial Accounting Standards No 8 Credit Standards Standardized value Standard & Poors MidCap 400 Index International Standards Organization Gold standard Standard & Poors SmallCap 600 Index Silver standard Standard International Organization for Standardization Standard variable rate Labor standards argument for protection Standard payment calculation Standard error AIMR Performance Presentation Standards Implementation Committee Labor standard Standard deduction Accounting Standards Board Standard deviation Dollar standard Robots Exclusion Standard Gold exchange standard Standard and Poor's 500 Index |
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