Handling a Brokerage Account (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Handling a Brokerage Account

The multiplicity of detail of the Cashier's Department would perforce necessitate an entire treatise upon the subject, were they to be described in full, but the Cashier's duties in brief may be stated as follows: Upon receiving the business of the previous day, comprising Clearing projects (in many instances odd lots or amounts less than one hundred shares are cleared) the Cashier notes whether or not the necessary payments are greater than apparent receipts. If he finds that the payments for the day will be greater than the receipts, he borrows sufficient funds through the help of his Stock Exchange member on the Stock Exchange, or directly from his bank; and uses the securities which have been purchased, or which he may have in his vault, to make up the collateral for the loans. When the funds from the loans have been received.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.