Page 107 - PRIAA Glossary

effects on the financial stability of the United States banking system or financial markets”.
iii. Any “financial entity” that is “highly leveraged relative to the amount of capital such entity holds and that is not subject to capital requirements established by an appropriate Federal banking agency” and that maintains a “substantial position” in any of the major swap categories.
MAJOR SWAP PARTICIPANT (MSP)
Anyone or any organisation that maintains a large position in swaps, has substantial counterparty exposure that could impact the stability of financial markets or is highly leveraged and not subject to capital requirements imposed by a federal agency. MSPs are required to register with the Commodity Futures Trading Commission (CFTC).
MANITOBA SECURITIES COMMISSION (MSC)
The regulatory body that administers and enforces securities laws and regulations in Manitoba Canada.
MARGIN
The sum of money or value of securities required to be transferred and maintained, in order to provide protection to the recipient of margin against default by a counterparty to a trade.
MARKET ABUSE
A situation that occurs when financial investors are misguided or disadvantaged by certain actions, such
as insider trading, improper disclosure, manipulating transactions, disseminating incorrect information and the misuse of information.
MARKET CAPITALISATION
The number of a company’s issued shares multiplied by its share price. Market capitalisation is a common metric used to determine a company’s value.
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