First Capital Markets
Limited
First Capital Markets (FCM) operates as a Corporate
Debt House and includes the Research division of the First
Capital Group. As a corporate debt house, FCM engages in Debentures
and Securitisation
in long-term debt and Commercial
Paper and Promissory
Notes in short term debt.
An unsecured debt backed only by the credit worthiness of the borrower.
The process of creating a financial instrument by combining other financial assets and then marketing them to investors.
An unsecured, short-term loan issued by a corporation, typically for financing accounts receivable and inventories. It is usually issued at a discount reflecting prevailing market interest rates.
A written, dated and signed two-party instrument containing an unconditional promise by the maker to pay a definite sum of money to a payee on demand or at a specified future date.
FCM also engages in providing Margin
Trading. In addition, Equity issues of Corporate Financing
– such as handling IPOs
will be handled by FC Markets. This also includes Rights
Issues, Bonus
Issues and the Issuance
of Preference Shares.
A brokerage account in which the broker, or a third party lends the customer cash to purchase securities. The loan in the account is collateralised by the securities and cash. If the value of the stock drops sufficiently, the account holder will be required to deposit more cash or sell a portion of the stock. facilities to its clients
The first sale of stock by a private company to the public. IPOs are often smaller, younger companies seeking capital to expand their business.
The issuing of rights, to existing shareholders of a security, to buy a proportional number of additional securities at a given price (usually at a discount) witin a fixed period.
An offer of free additional shares to existing shareholders. A company may decide to distribute further shares as an alternative to increasing the dividend payout. Also known as a "scrip issue" or "capitalization issue"
Shares with a fixed dividend. The holders of preference shares are entitled to their dividend before ordinary shareholders and rank above ordinary shareholders should the company be wound up. Preference shares are share capital but not equity share capital
Capital First Research
Capital First Research examines the Fixed Income
Markets, Economic variables, Equity Markets and the Economic
Variables. In addition to the provision of information to
the internal management, the research arm publishes periodicals
to the clients of market.
CP REPO
< Back to FCL Group
|
