Domestic International Sales Corporation (DISC)

 

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Domestic International Sales Corporation (DISC)

A US corporation that receives a tax incentive for export activities.



Domestic International Sales Corporation (DISC)

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Domestic International Sales Corporation

Domestic International Sales Corporation

A type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations.


Federation Internationale des Bourses de Valeurs

Federation Internationale des Bourses de Valeurs

The International Federation of Stock Exchanges - a Paris-based organisation that encourages co-operative policies designed to stimulate a freer flow of capital across national boundaries.


International Depository Receipt (IDR)

International Depository Receipt (IDR)

A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR structure is that the corporation does not have to comply with all the issuing requirements of the foreign country where the stock is to be traded. The US version of the IDR is the American Depository Receipt (ADR).


International Development Association (IDA)

International Development Association (IDA)

Association established to stimulate country development; it was especially suited for less prosperous nations, since it provided loans at low interest rates.


International Petroleum Exchange

International Petroleum Exchange

Europe's leading energy futures and options exchange and the second largest in the world.The IPE provides a highly regulated market place where industry participants can manage their exposure to highly volatile energy prices. Incorporated in 1980, the IPE lists three main energy contracts: Brent Crude futures and options, Gas Oil futures and options and Natural Gas futures. The IPE is a Member owned exchange and clients can access the market either by becoming a Member or by using the broking services available from Members. Trades are cleared by the London Clearing House (LCH) which guarantees contract performance. The IPE is a Recognised Investment Exchange (RIE) regulated by the Financial Services Authority (FSA).


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