Terms used in banking business such Security Dealer,Selective Credit Control ,Senior Securities etc.


The terms used in banking business such Security Dealer,Selective Credit  Control ,Senior Securities etc.


This post explains about terms used in banking such as Scale Economies,Scenario Analysis,Second loss facility,Secondary Market,Secure Socket Layer,Secured Credit Card,Securitisation,Security Dealer.Selective Credit Control .Senior Securities etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


The terms used in banking business

Savings Account: A bank account that earns interest. Withdrawals and deposits can be made at any time.


savings and loan association -- State-chartered or federally-chartered financial intermediary that accepts deposits from the public and invests those funds primarily in residential mortgage loans.


Savings Bank Account: All banks in India are having the facility of opening savings bank account with a nominal balance. This account is used for personal purposes and not for business purpose and there are certain restrictions on withdrawals from this type of account. Account holder gets nominal interest in this account.


The terms used in banking  business such Security Dealer,Selective CreditSavings Bank Account: It is account of nominal interest which can only be used for personal purpose and which has some restrictions on withdrawal.


Scale Economies: The reduction in per-unit costs achievable by spreading fixed costs over a higher level of production.


Scale: The terms on a serial bond issue that is reoffered to the public; the scale shows the prices or yields offered for each maturity in the issue.


Scenario Analysis: A method in which the earnings or value impact is computed for different interest rate scenario.


Seasonal Unemployment: It is that unemployment which is caused by seasonal variation in demand for labour by various industries, such as agriculture, construction and tourism. Seasonal unemployment normally declines in spring as more outdoor work can be undertaken.


Seasoned Securities: Recognized securities that are generally accepted by the investing public.


SEBI: Securities and Exchange Board of India.


SEBs: State Electricity Boards.


Second loss facility: Credit enhancement providing the second or subsequent tier of protection to an SPV against potential losses.


Secondary Distribution, or Offering: The redistribution of a large block of securities previously sold by the issuer or underwriting group in an initial or primary offering. See Primary Distribution.


Secondary Market: The market in which previously issued securities are traded, as compared to the new issue market. Also, the purchase or sale of securities in a special offering or through a means other than the regular channel of trading.


Secondary market: the trading of securities. The ‘primary market’ means the launching (issuing) of bonds and equities for the first time.


Secure Socket Layer (SSL) - a method of coding which enables private communication between a web browser and a web server (used mostly in commerce related servers). Many websites use SSL to ensure customer information is kept secure. You can tell if you’re accessing a secure website by checking the address bar along the top of your screen to ensure the address begins with ‘https’ rather than ‘http’. A number of browsers will display a closed padlock at the foot of the browser - this padlock indicates you are in a secure session.


secured card -- A credit card that is guaranteed by a security deposit so that repayment of the amount borrowed is assured. This is an option to begin to repair a bad credit history.


Secured Credit Card: A credit card for which the cardholder is required to provide a cash deposit. Secured credit cards can be useful to establish a credit rating if you do not have a credit history in Canada.


Secured Deposit: Bank deposits of state or local government funds that, under the laws of certain jurisdictions, must be secured by the pledge of acceptable securities.


Secured Loan: A loan that is secured by marketable securities or other marketable valuables. Secured loans may be either time or demand loans.


Securities and Exchange Commission (SEC): An agency created by Congress to regulate securities issuance and trading. The SEC enforces various securities acts that are intended to protect investors.


Securities: generic term for bonds, gilts and equities.


Securitisation: turning something into a security, for example, combining the debt from a number of mortgages to create a financial product that can be traded. Banks owning securities that include mortgage debt receive income when homeowners make mortgage payments.


Securitization: A process by which a single asset or a pool of assets are transferred from the balance sheet of the originator (bank) to a bankruptcy remote SPV (trust) in return for an immediate cash payment.


Securitization:The process of transformation of a bank loan into tradable securities. It often involves the creation of a separate corporate entity, the Special Purpose Vehicle (SPV), which buys the loans financing itself with securities that are sold to investors.


Security Dealer: An individual or firm who buys and sells securities for his or her own account, acting as principal and taking title of the securities until they are sold to someone else .


Security for Loans - Where large loans are required the lending institution often needs to have a guarantee that the loan will be paid back. This takes the form of a large item of capital outlay (typically a house) which is owned or partly owned and the amount owned is at least equivalent to the loan required.


Security Stock Balances Settings for Trades: Primary Members shall update the Security Stock Balances for each of their GAH. Once input, NDS-OM shall automatically update the security balances based on activity undertaken on NDS-OM Web on the same lines as that of NDS-OM. Adequacy of available free balances for each security shall be validated before accepting a sale order(s) for any security. If the balance is not adequate, the respective sale order shall be rejected.


Security: Security refers to a share, bond or government stock that can be bought and sold, usually on the stock exchange or on a secondary market, and carries a right to some form of income, either in the form of a fixed rate of interest or dividends.


Selective Credit Control (SCC): Control of credit flow to borrowers dealing in some essential commodities to discourage hoarding and black-marketing.


Self-Liquidating Bonds: Bonds that are paid for from the earnings of a municipally owned enterprise, usually a utility. The earnings of the enterprise must be sufficient to cover the debt with a reasonable margin of protection in order for the bonds to be regarded as entirely self-liquidating.


Self-Supporting Debt: Debt that requires only the support of taxes that have been designated specifically for its repayment and for no other purpose.


Selling below the Market: A security that is currently quoted at a price less than that quoted for similar securities.


Senior Bond: A bond that has priority over other bonds in claiming assets and dividends.


Senior Debt: Debt which, in the event of bankruptcy, must be repaid before subordinated debt receives any payment.


Senior Securities: Securities that have priority over other obligations for claims on the issuer's assets and earnings.


Serial Bonds: Bonds of the same issue that have different maturities over a number of years. This allows the issuer to retire the issue in small amounts over a long period of time.


Series Bond: Bond which may be issued in several series under the same indenture.


service charge -- A monthly fee a bank charges for handling a checking account.


Service Charge: A fee paid for using a service.


The above details describes about terms called in banking such as Scale Economies,Scenario Analysis,Second loss facility,Secondary Market,Secure Socket Layer,Secured Credit Card.Securitisation.Security Dealer.Selective Credit Control .Senior Securities etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in banking business such as Seasonal Unemployment,Secure Socket Layer,Secured Loan, Securitisation,Security for Loans etc


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