Page 147 - PRIAA Glossary

DocManager are parts of the Scrittura software platform. DocGenerator consists of web-enabled document production that creates trade-related documents and supports the management of financial, legal and operational risk. DocManager provides structured, single-source storage for all trade-related documentation, including support for automatic indexing, version control and flexible search criteria.
SECONDARY MARKET
A market where investors purchase securities or assets from other investors, rather than from issuing companies themselves.
SECTION 1256 CONTRACTS
Investments that fall under Section 1256 of the US tax code, namely, a regulated futures contract, foreign currency contract, non-equity option or dealer securities futures contract. These contracts are treated as if they are sold at fair market value on the last business day of the tax year.
SECTION 988 TRANSACTION
A transaction involving a capital loss or gain that occurs when a taxpayer acquires any debt instrument or enters into any forward contract, futures contract, option or similar financial instrument held in a foreign currency. The gains of such a transaction are treated as ordinary income.
SECURITIES AND EXCHANGE COMMISSION (SEC)
A federal agency in the United States which is the principal regulator of the US securities industry and the lead enforcer of federal securities laws.
SECURITIES AND EXCHANGE SURVEILLANCE COMMISSION (SESC)
A Japanese organisation established to ensure fair and legal transactions in both the securities and financial markets. The commission is under the authority of the Financial Services Agency. Unlike the US SEC, the SESC does not have the authority to punish any violations of the law and regulations.
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