Marking to market and Member: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Add third definition.)
 
Line 1: Line 1:
The practice of revaluing securities and financial instruments using current market prices.   
1.
 
''Pensions.''
 
A beneficiary under an occupational pension scheme.
 
Pension scheme members may be:
 
i. ''Active'' (still accruing benefits by virtue of current service); or <br>
ii. ''Deferred'' (no longer accruing benefits through having left the scheme, but entitled to receive benefits in the future); or <br>
iii. ''Pensioners'' (currently receiving benefits)This third category will also usually include widows and other dependants of former members.
 
 
2.
 
''Company law.''
 
In relation to a company, a shareholder.
 
 
3.
 
''Mutual organisations''.
 
A retail customer of a mutual organisation, such as a building society.


In some cases, unsettled contracts to purchase and sell securities are marked to market and the counterparty with an, as yet, unrealised loss on the contract is required to transfer funds or securities equal to the value of the loss to the other counterparty.


== See also ==
== See also ==
* [[Market price]]
* [[Building society]]
* [[Company]]
* [[Maturity]]
* [[Mutual]]
* [[Occupational pension scheme]]
* [[Pensioner]]
* [[Pensions Ombudsman]]
* [[Separate personality principle]]
* [[Shareholders]]


[[Category:Compliance_and_audit]]

Revision as of 13:43, 21 August 2018

1.

Pensions.

A beneficiary under an occupational pension scheme.

Pension scheme members may be:

i. Active (still accruing benefits by virtue of current service); or
ii. Deferred (no longer accruing benefits through having left the scheme, but entitled to receive benefits in the future); or
iii. Pensioners (currently receiving benefits). This third category will also usually include widows and other dependants of former members.


2.

Company law.

In relation to a company, a shareholder.


3.

Mutual organisations.

A retail customer of a mutual organisation, such as a building society.


See also