Showing posts with label notes. Show all posts
Showing posts with label notes. Show all posts

Thursday, 23 February 2012

What are Securities?

Posted by Lesen Niaga
Tags : , , , , , , , , , , ,

Securities are exchangeable or saleable in the market place.
 
"securities" definition by the Capital Market & Services Act (CMSA 2007) means
  • debentures, stocks or bonds issued or proposed to be issued by any government;
  • shares in or debentures of, a body corporate or an unincorporated body; or 
  • unit trusts or prescribed investments,
and includes any right, option or interest in respect thereof, but does not include
futures contracts.

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