What Is the Bank Bill Swap Bid Rate (BBSY)? The Bank Bill Swap Bid Rate (BBSY) is an Australian benchmark interest rate quoted and dispersed by the data provider Thompson Reuters Information Service. The BBSY is typically used by financial institutions or corporations engaging in interest rate swaps and related transactions. Key Takeaways BBSY, or…
What Is a Blank Endorsement? A blank endorsement is a signature on a financial instrument such as a check. No payee is specified, so any holder of the instrument could claim payment. The signature essentially turns the instrument into a bearer security. That is, it is not registered to any individual but is payable to…
Tesla, Inc. (TSLA) shares fell just 1.62% during Friday’s session after rebounding from lows near the 50-day moving average at $607.48. In addition to the wider stock market rout, nCov-19 led to a 46% month-over-month drop in new Tesla car registrations in China, and nearly three-quarters of its vehicles were built in China, whose factories…
What Is SEC Regulation D (Reg D)? Regulation D (Reg D) is a Securities and Exchange Commission (SEC) regulation governing private placement exemptions. It should not be confused with Federal Reserve Board Regulation Dwhich limits withdrawals from savings accounts. Reg D offerings are advantageous to private companies or entrepreneurs that meet the requirements because funding…
When buying or selling a used car, many people rely on the Kelley Blue Book (KBB), which has been around since 1926. One sign of its popularity: Roughly 20 million unique visitors per month log on to the Kelley Blue Book website. Although automotive experts acknowledge that the Kelley Blue Book is one of the most popular…
What Is a Consolidated Tax Return? A consolidated tax return is a corporate income tax return of an affiliated group of corporations, who elect to report their combined tax liability on a single return. The purpose of the tax return allows for corporations that run their business through many legal affiliates to be viewed as…
While homebuilding stocks certainly haven’t escaped this week’s ferocious broad-based market sell-off, they remain one of the only industries still in the black this year – gaining 5% compared to the S&P 500’s manic 7.8% slide. With near record-low interest rates and a tight lab market setting a favorable backdrop, it’s easy to see why…
What Is an Acceptor? An acceptor is the person (or bank) who is expected to pay a check or draft when it is presented for payment. Key Takeaways An acceptor is the person (or bank) who is expected to pay a check or draft when it is presented for payment. Depository institutions have capital requirements…
What Is Loan Grading? Loan grading is a classification system that involves assigning a quality score to a loan based on a borrower’s credit historyquality of the collateraland the likelihood of repayment of the principal and interest. A score can also be applied to a portfolio of loans. Loan grading is part of a lending…