SECURITIES
Theoretically, securities (securities) is a piece of paper that shows the rights of investors (ie those who have the paper) to obtain the wealth of prospects or organizations that publish these securities, and a variety of conditions that allow investors to run their rights. In law number 8 of capital markets in 1995, firmly stated that the securities are securities of debt instruments, commercial paper, stocks, bonds, debt receipts, units of collective investment contracts, futures contracts or securities and any derivatives of effect. Effects definition written in the law of capital markets has covers all types of securities in the capital markets.
According to the law - capital market law number 8 of 1995 in classifying effects:
• Securities inclusion (equity securities), the effect kepeda entitling the holder to become shareholders of the company issuing the securities. Included into this effect are: common stock (commond stock) and preferred stock (preferred stock)
• debt securities (debt securities), is the effect which the issuer (issuer) issue or sell debt securities, with kewajibanmenebus back in time has been set by agreement between the parties concerned. Besranya interest and the interest payment period or coupon paid by the issuer in accordance with earlier agreements, such as setaiap 3 months or 6 months. Which includes these effects are: bond (bond) and the medium-term debt securities (medium term note).
• The effect of derivatives is a derivative effect of the effect of "major", whether it is the inclusion or debt. The effect can mean derivatives derived directly from the effects of "major" or a derivative or turuna next two. Which include these effects into the warrants, rights, options, futures, forward, swap and others.
• Other effects are effects that are not included in investments in securities, debt, and derivatives. Included into this group is mutual funds, certificates of care effects Indonesia (SPEI) of such securities ADR (American Depository receipts), and others.
Securities traded in the Indonesian capital market:
• Shares (stock)
Is a sign of inclusion or possession of a person or entity within a company or a limited perseroaan. Shares tangible piece of paper that explained that the owner of the paper is the owner of the company that issued the securities. The portion of ownership is determined by how much the inclusion of the plant at the company.
• Preferred stock (preferred stock)
• Bond (bond)
• Convertible bond (convertible bond)
• Right
• Warrants (warrants)
• Mutual Funds (mutual fund)
• stock index futures contract (index ftures)
• Contract of stock options (single stock options)
• Letter of the State debt (SUN)
• Instrument of sharia (Islamic bonds, Islamic mutual funds)
Characteristics of the juridical shareholder:
• Risk is limited (limited risk), which means shareholders are responsible only to the amount of the setorkan into the company.
• The main controller (ultimate control) means shareholders (collectively) will determine the direction and objectives of the company.
• Claim the remaining (residual claim) means that shareholders are the last to get the division of the company's business results (in the form of dividends) and the remaining assets in the process of corporate liquidation. Shareholders have a junior position (lower) the bondholder appeal atua creditors.
Senin, 16 November 2009
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