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 650 IV. Interest and Dividends: (51. When a claim is made for a dividend, rights or interest after transfer books have closed, the party in whose name the security stands may require from the ciaimant presentation of the certificate, a written statement that he was the holder of the security at the time of the closing of the books, a guarantee against any future demand for the same and the privilege to record on the certificate evidence of the payment by Cash or Due-Bill. 152. In all transactions involving the payment of interest, where the amount of such interest equals or exceeds five mills, it shall be considered as one cent, fractions of a cent less than five mills shall be disregarded. This rule shall apply to loaned and borrowed securities, interest on bonds, transfers of accounts and all other transactions. 153. Bonds dealt in “And Interest” delivered on dates on which interest is due and payable, shall be without the coupon due on such date. V. Due-Bills: 201. A security delivered after the closing of transfer books for dividend, interest, or rights must be accompanied by a Due-Bill therefor whenever required by the Committee on Securities. 202. When, by direction of the Committee on Securities, a security is not quoted ex-dividend, ex-rights or ex-interest on the date the transfer books close therefor, the Due-Bill accompanying the security must be signed oy the party in whose name the security stands. 203. A Due-Bill signed by a non-member must be guaranteed by a member or a member's firm in the same manner as required in the case of an assignment of stock and must be redeemed by the member or firm guaranteeing the Due-Biil. 204. Unless otherwise directed by the Committee on Securities, Due- Bills must be redeemed on the date of the payment of the dividend or interest, or in the case of rights on the settlement day for contracts in rights at the office of the member guaranteeing them located in the vicinity of the Exchange. 205. Due-Bills must be in such form as prescribed by the Committee on Securities. VI. Trading in Rights to Subscribe and Delivery of Warrants therefor must comply with the following Rules: 251. “Rights to Subscribe” pertaining to securities dealt in on the Exchange, when admitted to dealings by the Committee on Securities, shall oe traded in on the basis of one right accruing on each share of issued stock, except as herein otherwise provided. 252. When rights to subscribe are offered to holders of more than one class of securities, the Committee on Securities shall, in each case, determine the basis upon which transactions in the rights shall be made. 253. Transactions in rights admitted to dealings by the Committee on Securities shall be “When Issued,” or otherwise, as directed by the Committee. 254. Transactions in rights on the final day for subscriptions shall be for “Cash.” When the final day is a half-holiday, transactions on the preceding business day as well as on the final day shall be for “Cash.” Dealings in rights on the final day shall cease at 1:30 o'clock P.M. (11:00

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