A trust company appointed by a listed company to keep a record of the names, addresses and number of shares held by its shareholders. Frequently, the transfer agent also distributes dividend cheques to the company's shareholders.
The underlying instrument (also referred to as the “underlying”) of a derivative (e.g. option, warrant, futures contract) is the basis on which the price of the derivative (e.g. a share, bond, index, currency or commodity) is determined and dependent.
The party which arranges for the issue of new securities. Underwriters guarantee full subscription by taking up all unsubscribed shares.
The degree of price fluctuation for a given asset, rate, or index; usually expressed as a variance or standard deviation.
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The seller of an option. The writer has an obligation associated with the contract to either purchase or sell a specified number of shares at the strike price on or before expiry.
Return on an investment expressed as a percentage.
|Yield to maturity (YTM)||
Yield to maturity or YTM is the rate of return anticipated on a bond if it is held until the maturity date.