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Discount securities |
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Discount securitiesNon-interest-bearing money market instruments that are issued at a discount and redeemed at maturity for full face value, e.g., US Treasury bills.Discount securities Similar MatchesTreasury securities (treasuries)Treasury securities (treasuries)Debt obligations issued by the US government and secured by full faith and credit. Income from treasuries is subject to federal tax but not state and local taxes. They fall into three categories, Treasury bills, Treasury bonds and Treasury notes. National Securities Clearing CorporationNational Securities Clearing CorporationIn the US, facilitates trade processing, clearance, delivery and settlement of equities, and corporate and municipal bonds. NSCC is owned equally by the New York and American Stock Exchanges and the National Association of Securities Dealers. Unlisted securities marketUnlisted securities marketA market set up by the London Stock Exchange in 1980 for the trading of shares of small to medium sized companies which did not qualify for a full listing. The USM was discontinued at the end of 1996. Insider Trading & Securities Fraud Enforcement Act of 1988 (ITSFEA)Insider Trading & Securities Fraud Enforcement Act of 1988 (ITSFEA)Federal legislation that greatly increased the penalties for trading on material inside information. Stripped mortgage backed securities (SMBS)Stripped mortgage backed securities (SMBS)Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors. Further SuggestionsFT Government SecuritiesNational Securities Clearing Corporation (NSCC) Commercial Mortgage Backed Securities Uniform securities agent state law examination Inflation indexed securities Securities and Exchange Commission Rules Book entry securities Public securities offering Securities and Exchange Commission Government securities agency securities European Association of Securities Dealers Automated Quotation irredeemable securities International Securities Identification Number registered securities Principal Exchange Rated Linked Securities (PERLS) National Association of Securities Dealers Automatic Quotation System (Nasdaq) Securities markets Securities Exchange of Thailand (SET) Mortgage Backed Securities Clearing Corporation (MBSCC) Osaka Securities Exchange (OSE) Securities and commodities exchanges Securities Industry Committee on Arbitration (SICA) Securities Securities and Investments Board |
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