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ROLThe ISO 4217 currency code for the Romanian Leu.ROL Similar MatchesComptroller of the CurrencyComptroller of the CurrencyA government official, appointed by the president, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. Roll overRoll overTo reinvest funds received from a maturing security in a new issue of the same or a similar security. RollbackRollback1. The phasing out of measures that are not consistent with an agreement. 2. In the Uruguay Round, the agreement to remove all GATT-inconsistent trade-restricting and trade-distorting measures by the time negotiations were completed. See standstill. Rolling settlementRolling settlementSettlement is the process by which investors pay for shares they have bought and receive payment for shares they have sold. Before July 1994, this process was done by means of an 'account period', normally ten working days. All the transactions during that period were balanced against each other to produce a single figure, which was either paid to the investor or due from him, depending on whether the value of his purchases was higher or lower than the value of his sales in the period. One of the features of the account period was that transactions taking place at the beginning of it (say, Day 1) didn't have to be settled until about 14 days later, whereas transactions at the end (say Day 10) had to be settled within 4 days.In July 1994, the account period system was replaced by ten day (T+10) rolling settlement, which means that each transaction has to be settled ten days after the transaction date. This was subsequently reduced to five days (T+5) and in February 2001 was reduced to three days (T+3).These significance of rolling settlement and of shortened settlement times is that when investors sell shares, the proceeds get paid into their account quicker, and when they buy shares they have to pay for them quicker. It requires careful money management on the part of the investor. Roll forwardRoll forwardTo move to an option position with a later expiration date. Further SuggestionsForeign exchange controlsRent control Rolling of Futures Controlled commodities Capital control Reduction Option Loan (ROL) Roll order Control limits Control Chart Risk controlled arbitrage Roll, Richard Working control rollover relief Loss control activities International Petroleum Exchange (IPE) Depository Institutions Deregulation and Monetary Control Act Exchange controls Control person Controlled foreign corporation (CFC) International Petroleum Exchange Export Commodity Control List Control parameters Controlled disbursement rollover credit control |
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