 ELECTRONIC
TRADING
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| In
a system of electronic trading, as compared to open outcry, dealing
agents execute their order books by way of computer terminals connected
to a central server. The latter matches buy and sell orders and
determines a price which maximises the number of securities which can be
executed.
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| EQUITY
FINANCING or CAPITAL INCREASE
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| Operation
consisting of increasing a company’s share-capital by issuing new
shares, in exchange for cash or by increasing the nominal value.
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| EQUITY
SECURITY or EQUITY
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| All
categories of share constituting the share capital of a company, as well
as all other forms of security deriving from these shares in whatever
form or description, which confer rights of ownership on the net assets
of the company.
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| EX-COUPON
or COUPON-OFF
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| Term
used to express the value of a bond sold without the right to receive
the next due interest payment.
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| EX-DATE
or COUPON-CLIPPING DATE
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| The
date on which the share is traded without entitlement to the dividend
and the bond is traded without entitlement to the interest payment.
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| EXTRAORDINARY
GENERAL MEETING (EGM)
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| Meeting
of shareholders specially convened to rule on a company’s strategic
decisions, such as equity issues, mergers, acquisitions etc.
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