An Account Statement is a detailed record of financial transactions for a specific period. It provides a summary of all activities within an account, showing the resulting balances and transactions.
A broker-dealer is an individual or firm that buys and sells securities for its clients and its own account. Broker-dealers play a crucial role in the securities industry, providing liquidity and facilitating the trading of securities.
A 'fail to deliver' situation occurs when the broker-dealer on the sell side of a contract does not deliver the securities to the broker-dealer on the buy side. This typically results from a broker not receiving delivery from its selling customer.
A situation where the broker-dealer on the buy side of a contract has not received delivery of securities from the broker-dealer on the sell side, leading to non-payment for the securities by the buyer.
In various contexts, the term 'house' can denote different meanings ranging from a dwelling for residence to a business establishment engaged in securities or investment banking.
A Share Broker, also known as a Stock Broker, is a professional who buys and sells stocks, bonds, and other securities on behalf of clients, typically in exchange for a fee or commission. Share brokers have extensive knowledge of the financial markets and help clients make informed investment decisions.
