Marking to market and Member: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Add 4th definition.)
 
Line 1: Line 1:
The practice of revaluing securities and financial instruments using current market prices.
1.  


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.
''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.
 
 
4.
 
More generally, a participant in a closed group of some kind.
 
For example, a member-administered closed user group (MA-CUG).




== See also ==
== See also ==
* [[Fair value]]
* [[Building society]]
* [[Market price]]
* [[Company]]
* [[Maturity]]
* [[Member-administered closed user group]]
* [[Mutual]]
* [[Occupational pension scheme]]
* [[Pensioner]]
* [[Pensions Ombudsman]]
* [[Separate personality principle]]
* [[Shareholders]]
 
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Cash_management]]

Revision as of 19:40, 6 October 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.


4.

More generally, a participant in a closed group of some kind.

For example, a member-administered closed user group (MA-CUG).


See also