The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange.A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry … [Read more...]
What Does BOBL Futures Contract Mean?
A futures contract with medium term debt that is issued by the Federal Republic of Germany as its underlying asset. The contract has a notional contract value of 100,000 euros, with a term to maturity of 4.5 to five years. Unlike most other types of future contracts, BOBL future contracts tend to be settled by delivery. In America, these futures contracts are traded on the … [Read more...]
What Does Broker Booth Support System – BBSS Mean?
An electronic system used by the New York Stock Exchange to send orders between brokers and trading booths on the floor of the exchange. An order-management system designed exclusively for NYSE members, which enables member firms to quickly and efficiently process and manage their orders and selectively route orders via SuperDOT® directly to either the trading post, the … [Read more...]
What is a Dividend Irrelevance Theory?
Dividend Irrelevance Theory is a theory that a company’s dividend policy has no real effect on the value of the company. A theory which explains that investors are not concerned with a company's dividend policy since they can sell a portion of their portfolio of equities if they want cash. The dividend irrelevance theory essentially indicates that an issuance of dividends … [Read more...]
what is Dividend Recapitalization
Issuing debt and using the proceeds to pay a special dividend to stockholders. When a company incurs a new debt in order to pay a special dividend to private investors or shareholders. This usually involves a company owned by a private investment firm, which can authorize a dividend recapitalization as an alternative to selling its equity stake in the company. Dividend … [Read more...]