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What is the method of Accounting for Securities where the transactions are recorded on the date the securities settle by delivery or receipt of the securities and the payment of cash known as?
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∙ 11y ago
settlement method
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∙ 11y ago
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What is a depot reconciliation involve?
Depot reconciliation is the process of reconciling securities holding of a bank or an institution as per their book of accounts against the securities in the account maintained with the custodian. The process is similar to the Nostro account reconciliation. e.g. Bank X maintains it's custodian account with Euroclear. Bank during the course of the business buys and sells securities and send messages to it's custodian for the delivery or receipt of such securities. Bank needs to ensure that securities balance as per their book is matching with actual the balance in their account with Euroclear. This process is called Depot reconciliation.
What is COD in accounting?
It may be cash on Deposit or delivery
What is spot market?
The spot market is a market place where financial instruments, such as commodities, currencies, and securities, are traded for immediate delivery. Delivery is the exchange of cash for the financial instrument. It may also refer as a physical market of commodities and cash market of equities. The current price of a financial instrument is called the spot price. It is the price at which an instrument can be sold or bought immediately. Buyers and sellers create the spot price by posting their buy and sell orders. In liquid markets, the spot price may change by the second, as orders get filled and new ones enter the marketplace.
Is the tax point for cgt the trade date or the settlement date?
Securities traded on established market. For securities traded on an established securities market, your holding period begins the day after the trade date you bought the securities, and ends on the trade date you sold them.Do not confuse the trade date with the settlement date, which is the date by which the stock must be delivered and payment must be made.Example.You are a cash method, calendar year taxpayer. You sold stock at a gain on December 29, 2009. According to the rules of the stock exchange, the sale was closed by delivery of the stock 3 trading days after the sale, on January 4, 2010. You received payment of the sales price on that same day. Report your gain on your 2009 return, even though you received the payment in 2010. The gain is long term or short term depending on whether you held the stock more than 1 year. Your holding period ended on December 29. If you had sold the stock at a loss, you would also report it on your 2009 return.For more information go to the IRS Government website and use the search box for Publication 17 go to chapter 14
The relevance of ict to accounting?
Information computer technology, or ICT, is a common method for conducting accounting services. The relevance of ICT to accounting is the capabilities it offers. Users are able to increase their accuracy, speed up their service delivery, and share important accounting data across many platforms.
What is the method of accounting for securities where the transactions are recorded on the date the securities settled by delivery or receipt of the securities and the payment of cash known as?
settlement method
What is the method of accounting for securities where the transactions are recorded on the date the securities settle by delivery or receipt of of the securities and the payment of cash known as?
settlement method
Of what use is the Internet in stock trading?
The rise of the Internet as a revolutionary new form of interactive communication has also affected the delivery of financial information by providing investment tools or executing securities transactions.
What is a depot reconciliation involve?
Depot reconciliation is the process of reconciling securities holding of a bank or an institution as per their book of accounts against the securities in the account maintained with the custodian. The process is similar to the Nostro account reconciliation. e.g. Bank X maintains it's custodian account with Euroclear. Bank during the course of the business buys and sells securities and send messages to it's custodian for the delivery or receipt of such securities. Bank needs to ensure that securities balance as per their book is matching with actual the balance in their account with Euroclear. This process is called Depot reconciliation.
What does it mean that securities are registered in the street name?
Securities are registered in the investor's name when paper certificates are physically held by an investor. To trade such certificates nowadays, one has to first deposit them into a brokerage account where they loose their physical status and become only electronic data. This electronic record of ownership administered by a brokerage house is called registration in the street name. Trading of securities in the street name involves no physical delivery of securities. All brokers have to do on client's behalf is to exchange electronic information between themselves and transfer agents.
Short sales naked short sales?
A naked short sale refers to the borrowing of securities. In this type of sale, there is no promised three-day delivery to the buyer, like there is in regular exchanges.
What is Cash securities?
Cash Securities Operations processes all activities related to the settlement of a trade when the Bank or one of its customers buys or sells a security. Core responsibilities include confirming the trade with the client, Bank or broker, managing delivery and receipt of the security and cash, as well as the recording of the transaction on the firm's books and records. Cash Securities Operations processes all activities related to the settlement of a trade when the Bank or one of its customers buys or sells a security. Core responsibilities include confirming the trade with the client, Bank or broker, managing delivery and receipt of the security and cash, as well as the recording of the transaction on the firm's books and records.
What is COD in accounting?
It may be cash on Deposit or delivery
What is long term forex?
It is the situation when the investor wants to purchase or contracts to buy shares, commodities, currency or other securities expecting that the asset will be increased in price after holding them with a long position for a period of delivery instead of transferring it with a counter-contract. Such investor is called a bull speculator.
What is spot market?
The spot market is a market place where financial instruments, such as commodities, currencies, and securities, are traded for immediate delivery. Delivery is the exchange of cash for the financial instrument. It may also refer as a physical market of commodities and cash market of equities. The current price of a financial instrument is called the spot price. It is the price at which an instrument can be sold or bought immediately. Buyers and sellers create the spot price by posting their buy and sell orders. In liquid markets, the spot price may change by the second, as orders get filled and new ones enter the marketplace.
Is the tax point for cgt the trade date or the settlement date?
Securities traded on established market. For securities traded on an established securities market, your holding period begins the day after the trade date you bought the securities, and ends on the trade date you sold them.Do not confuse the trade date with the settlement date, which is the date by which the stock must be delivered and payment must be made.Example.You are a cash method, calendar year taxpayer. You sold stock at a gain on December 29, 2009. According to the rules of the stock exchange, the sale was closed by delivery of the stock 3 trading days after the sale, on January 4, 2010. You received payment of the sales price on that same day. Report your gain on your 2009 return, even though you received the payment in 2010. The gain is long term or short term depending on whether you held the stock more than 1 year. Your holding period ended on December 29. If you had sold the stock at a loss, you would also report it on your 2009 return.For more information go to the IRS Government website and use the search box for Publication 17 go to chapter 14
Charges associated with buying and selling shares?
1. Brokerage (based on broker)2. Securities Turnover Tax (for intraday 0.025% and delivery 0.125%)3. Service Tax (10.36%per transaction) 4.stamp duty(0.0002)5. dp sell(depending on broker)These are the 5 charges associated with buying/selling shares in India
