Banking. Characteristics of the corporate securities market (the most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Banking. Characteristics of the corporate securities market (the most important)

Lecture notes, cheat sheets

Table of contents (expand)

Topic 66. Characteristics of the corporate securities market

Issuance corporate securities issued in the form of shares and bonds. Conditionally modern history of the Russian corporate securities market. can be divided into 3 stages: 1.

At the first stage (1990-1992)) the formation of the legislative base of the Russian securities market began. The procedure for licensing and certification for the securities market was established.

Second phase (1993 - early 1994) - this is the beginning, development and closing of privatization checks that were issued by the state. We exchanged them for shares of enterprises, sold them. Also, the presence of various kinds of pseudo-securities (MMM). This undermined the confidence of the private investor in this market. Since the second half of 1994, a new stock market began to take shape, in which shares of already existing JSCs are traded. A market of large investors and intermediaries is being formed.

For the third stage (second half of 1994 - present) development of the corporate securities market. typical: 1. Further development of the legislative framework, 2. Termination and transformation of the activities of check investment funds 3. Increase in stock market participants 4. Rapid development of insurance and non-state pension funds 5. Formation of a large bill of exchange market in the country 6. Creation of an organized stock market infrastructure (registrars , depositories, clearing houses) 7. Creation of the market of the first futures contracts (currency).

The Russian corporate stock market is conditionally divided into two parts:

The most liquid stock market, with shares of approximately 20-30 companies related to the oil and gas, energy, metallurgy, etc. industries, which are constantly sold and bought at market prices

2. The market for all other shares, primarily regional enterprises.

In addition to issuers, about 3000 investment companies, 2000 CBs, 1000 insurance organizations and non-state pension funds can currently be classified as stock market participants. The Russian stock market largely operates at the expense of foreign capital. In 1995, the exit of Russian corporate securities began. to external stock markets through the mechanism of depository receipts (ADRs). The main problems of the Russian stock market: - development of the infrastructure of the stock market, - increase in the information openness of the market, - creation of a complete legislative and other regulatory framework, - involvement in the market turnover of an increasing number of shares of Russian joint-stock companies.

Authors: Shevchuk D.A., Shevchuk V.A.

<< Back: Options: general characteristics, properties and basic option strategies

>> Forward: Futures contracts: general characteristics, properties and organization of trading

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Constitutional (state) law of the Russian Federation. Crib

▪ Statistics. Crib

▪ Money. Credit. Banks. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Larks are descendants of Neanderthals 24.02.2023

A new study suggests that we owe our ability to wake up at the first rays of the sun to Neanderthals.

It is known that our circadian rhythms or biological clock works as a built-in regulator of sleep and wake cycles. This built-in timing system is influenced by many different environmental factors, but circadian genes also play a role - all together they affect whether we are early birds or night owls.

In the new study, scientists have focused on studying how our genes influence how our body clock works and to whom we owe it. The scientists used sequence-based machine learning techniques to identify archaic variants in the human genome that affect circadian rhythms.

The results of the study suggest that every time we manage to wake up early and get to work, meeting or school on time, we should be thanking our old cousins - Neanderthals for this. Researchers have found that it is their genes that we owe our ability to wake up early.

It is known that modern people who first arrived in Eurasia had to adapt to a number of environmental problems that they faced - in particular, we are talking about large seasonal fluctuations in daylight hours than they are used to in their homeland. Fortunately, for all of us, Eurasia was already inhabited by other groups of people well adapted to life in higher latitudes.

Ancient Homo sapiens interbred with Eurasian Neanderthals and "inherited" a lot of harmful genes, but in addition to them there were several positive genetic traits - for example, those that influenced circadian rhythms and helped to adapt to new conditions.

It was the interbreeding between modern humans and Neanderthals that ultimately created the potential for adaptive introgression as humans increasingly moved into the new environment.

The researchers analyzed the nature of these archaic genes and concluded that they all seem to shift the circadian rhythm in the same direction, making Eurasians more likely to be early risers.

Similar circadian adaptations are also observed in other species living in the northern territories. For example, in fruit flies, these early bird genes help the biological clock synchronize with the summer.

Other interesting news:

▪ TCL C84 4K Mini LED TV

▪ Highly efficient electrocatalyst for clean energy

▪ Churches of Halley

▪ The most distant object in the solar system discovered

▪ Walking is good for the brain

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ site section Digital technology. Article selection

▪ Morpheus article. Popular expression

▪ article Which birds provide material for swallow's nest soup? Detailed answer

▪ article Electrical safety in educational institutions

▪ article Breaker repair. Encyclopedia of radio electronics and electrical engineering

▪ article Slate board - counting machine. Focus secret

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews