Securities Settlement System
An entity that carries out the settlement and transfer of securities through book-entry, in accordance with a predefined set of rules.
Accounting System
The methods, procedures, and standards used in gathering, recording, classifying, and reporting on financial transactions. The system also encompasses the records used and the sources of information. Systems may be manual, mechanized, or electronic — using computer technology.
Break-even Point
The level of sales at which the income from selling the goods equals the costs — resulting in neither a profit nor a loss.
Hot Money
Money and investments that flow quickly into markets and out of them just as quickly. They often cause economic shocks in financial markets.
A Type of Guarantee Contract
It enables its holder to sell or buy a specific quantity of securities, currencies, or any other financial instruments directly from the issuer — whether a bank or a similar financial institution — at a specified price and time.
Detailed Offering Prospectus
It’s a prospectus issued by the issuing company before offering new securities for subscription. The prospectus includes the terms and conditions of the offering, along with detailed information to help investors make their investment decisions.
Prospectus
The document required to offer securities through a public offering or an offering on the Parallel Market under the Law and the Rules on the Offer of Securities and Continuing Obligations.
Code of Professional Ethics
Rules and instructions that govern the professional conduct of accountants, issued by a competent body such as the International Federation of Accountants (IFAC) or the American Institute of Certified Public Accountants (AICPA).
Higher Lows
They occur when selling pressure fails to reach the previous low (a sign of weakening selling pressure) and prices rise from levels higher than the preceding low (a sign of buying strength).
Interest
The return the borrower pays to the lender in exchange for the use of money over a specific period of time. It’s calculated as a percentage of the loan amount and is a key tool in monetary policy.