The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

APPENDIX 553 Basic FeEs The basic fee for listing stock or securities arising out of stock, such as Certificates of Deposit for stock, Interim Certificates for Stock, Allot- ment Certificates for Stock, Voting Trust Certificates, etc., shall be, in the case of certificates having either no par value or a par value of $100 or less, one and two-tenths cents (1.2¢) per share, any fraction of ten thousand (10,000) shares, over and above a multiple thereof, to be counted as ten thousand shares for this purpose. The basic fee for listing bonds, debentures, notes and similar instruments having a face value and not being issued in denominations of less than $100 shall be one hundred and twenty doliars ($120) per million dollars ($1,000,000) face value or fraction thereof. In any case, where a fee is to be charged, whether at the basic rate or at a modified rate, the minimum fee will be $120. The full basic fee will be charged in all cases. unless otherwise herein stated. MobiricaTions oF Basic FEes I. In cases where, after an initial listing, a change is involved between par and no par in either direction, or is in the amount of the par value of the security, or represents a greater or smaller number of shares of no-par stock involving the cessation of trading in no-par stock theretofore listed (as distinguished from a stock dividend in which the old stock continues to be traded in) : the fee for such number of the substituted shares to be listed as is not in excess of the number of shares to be stricken from the list shall be one-fourth of the basic fee. For all shares, so issued, in excess of the number of shares to be stricken from the list. the full basic fee will be charged. 2. Where there is a change in the classification or name of a stock, without alteration of any preferences which it may bear, such as from Capital to, Common, or vice versa, and without alteration in the number of shares, one-fourth of the basic fee will be charged. When, however, the change of name of a stock having a preference involves also the giving of a higher or lower preference to the stock, the full basic fee will be charged. 3. Where the change is in the nature of an extension of a time limit, as in the case of an extended voting trust, the number of shares listed not being increased, one-fourth of the basic fee will be charged. 4. Where the change is from listed stocks or bonds to Certificates of Deposit, whether or not a reorganization of the listed company is involved, one-fourth of the basic fee will be charged. 5. When the change is from Certificates of Deposit to stock or bonds: (a) If such stock or bonds are identical with formerly listed securities, for which such certificates of deposit were issued, no fee will be charged up to the number of shares so formerly listed. For additional shares, the full basic fee will be charged. (b) Where the certificates of deposit have been listed first and are thereafter replaced by the securities initially deposited, one fourth of the basic fee will be charged for listing such securities. (¢) If such stock or bonds represent securities issued under a reorgani- zation, or in any other respect differ from the securities for which such

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