The currency abbreviation for the Mauritius rupee (MUR), the currency for Mauritius. The Mauritius rupee is made up of 100 cents and is often presented with the symbol Rs or Rp. |||First established in 1877, the Mauritius rupee replaced the Indian rupee, which had taken hold due to an influx of Indian immigrants to the country. Other currencies in circulation at the time were the British pound and the Mauritian dollar. Initially, the Mauritius rupee was pegged to the Indian rupee at par, but from 1934 to 1979, it was pegged to the British pound, at a rate of 13.3:1.
An entry-level program offered by the Canadian Securities Institute (CSI) that allows an individual to become a qualified mutual fund representative. |||The CSCTM is often the first step for Canadian individuals wishing to pursue a career that involves trading securities and providing investment advice to clients. The CSCTM involves two exams, referred to as Volume 1 and Volume 2, each of which includes 100 multiple-choice questions within two hours.
1. The act of securing enough controlling interest or ownership within a single security so that manipulation of price can occur. 2. A rare situation occurring in commodity markets wherein the quantity of underlying securities and commodities available are exceeded by the commitments of delivery quantities on future contracts. 1. When someone is said to have "cornered the market," he or she has gained significant power over the manipulation of quantity and price. 2. In other words, the obligations on future contracts to deliver a particular commodity greatly outweigh the actual amount of the commodity available. For example, a freak tornado sweeping through Hawaii and killing all pineapple crops would result in a corner. The tornado would drastically reduce the quantity of pineapples available for delivery against the delivery obligations of future contracts that were previously created.
based in Sao Paolo, Brazil, this exchange has the fourth-largest market cap in all of the Americas and the 13th largest in the world. It is also known as the BM&F Bovespa. The main index of this exchange is the Indice Bovespa. The Sao Paolo Exchange, formerly known as the Bovespa, merged with the Brazil Mercantile and Futures Exchange in 2008 to create the BM&F Bovespa Exchange. As of April 30, 2008, 450 companies traded on the exchange. The original exchange was founded in 1890.
An association of American life insurance carriers based in Washington D.C. The American Council of Life Insurance deals with legislation on all levels of government that pertains to the treatment of life insurance. The council also promotes the life insurance industry to the public through various means of advertising and communication. Watch: Life Insurance The council acts as a spigot for the stream of information pertaining to life insurance that reaches the public. Both stock and mutual life carriers are members of the council as they have a full understanding of the industry and the array of available products.
A division of the Government of Canada that acts as Canada's national housing agency. The CMHC's mandate is to help Canadians access a variety of affordable housing options. It also researches housing and real estate trends in Canada and around the world, providing research to consumers, businesses and other government divisions. The major activity of the CMHC, and the one for which it is best known, is mortgage loan insurance, which insures approved lenders (such as Canada's chartered banks) against borrower default. Mortgage loan insurance provides approved borrowers access to low-cost mortgage rates. CMHC approved buyers may purchase property with as little as 5% down payment. |||One in three Canadians receives some form of help from the CMHC in financing or purchasing a home. The agency also provides valuable financing help to consumers, housing professionals, mortgage financiers, real estate investors and parties interested in learning about the Canadian housing market.
A credit facility that finances short- to medium-term Euro notes. Multicurrency note facilities are denominated in many currencies. This type of credit facility allows the borrower to choose which currency to use in each rollover period when the loan is refinanced, but allows the lender to choose the currency the loan is to be repaid in. |||Multicurrency note facilities are the riskiest lending avenue for borrowers. This is because the borrower assumes the foreign-currency risk in the transaction, since the lender decides which currency to receive repayment in, typically at a predetermined exchange rate. The loans from these facilities usually reprice about every six months.
Located in Santiago, the SGO is the premier stock exchange of Chile. It trades stocks, bonds, investment funds, derivatives and gold and silver Chilean coins. It also has an electronic trading platform called Telepregon, which trades U.S. dollars. only market shares are traded on the floor in conjunction with screen trades. The SGO was founded in 1893. It runs from 9:30am to 4:30pm in the winter and stays open until 5:30pm in the summer. The SGO posts three major indices, the General Stock Price Index, the Selective Stock Price Index and the Inter-10 Index.