Category: Treasury

A loan is generally an extension of credit resulting from direct negotiations between a lender and a borrower. The loan may have originated through direct negotiations with the borrower or it may have been originated by another lender that directly negotiated with a borrower. Loans may take the form of promissory notes, acknowledgements of advance,… Continue reading LOAN

The determination of whether a partner and a limited partnership are in a direct investment relationship is based on who controls the partnership; it is NOT based on the percentage of ownership in the partnership’s equity. In most cases, the general partner is presumed to control a limited partnership and therefore, to be in a… Continue reading LIMITED PARTNERSHIPS AND DIRECT INVESTMENT

Legal entity that has the power to issue and distribute a security. Issuers include corporations, municipalities, foreign and domestic governments and their agencies, and investment trusts.

A share of a company bound by a trust deed issued in registered form, formed to invest in specific types of securities. Shares in an investment trust can usually be bought and sold only through the stock exchange. These are sometimes referred to as ‘closed-end’ funds.

An entity responsible for communicating instructions regarding account transactions on behalf of end-investors to ensure authorized transactions are performed correctly and that the accounts are properly maintained and reported to the end- investor. An entity’s status as an investment manager is not affected by the entity’s responsibility, or lack thereof, for making investment decisions.

A set of asset and liability accounts, segregated on the books of the United States establishing entity. IBFs are permitted to hold only assets and liabilities of foreign residents, residents of Puerto Rico and United States territories and possessions, other IBFs, and United States and foreign offices of the establishing entity. (See Federal Reserve Regulation… Continue reading INTERNATIONAL BANKING FACILITIES (IBFS)

Insurance technical reserves are liabilities of the insurance companies to policyholders and beneficiaries which represent the amounts identified by insurance companies to account for the prepayment of insurance premiums and reserves for unpaid claims incurred but not yet paid. These reserves quantify the outstanding loss liabilities for insurance claims which have been reported and not… Continue reading INSURANCE TECHNICAL RESERVES

An individual or group of individuals that share a dwelling, that is, live and sleep in that dwelling most of the time, who pool some or all of their income and wealth, and who consume certain types of goods collectively, mainly housing and food. Business activities included in this sector are informal and do not… Continue reading HOUSEHOLD

The holder of record is the owner of a company’s securities as recorded on the books of the issuing company or its transfer agent as of a particular date. The term “holder of securities” in the TIC instructions also refers to the custodian holding on behalf of its clients. The content of the surrounding instructions… Continue reading HOLDER OF SECURITIES

Notes issued to one or more dealers that are represented by a single global note and are intended to be the backing for registered securities issued by the central security depository.