That part of a broking firm which is responsible for post trade activities. The Back-office can be a single department or multiple units (documentation, accounting, risk management, settlements etc.)
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The excess subscription amount received by the company in case of an oversubscribed IPO is called oversubscription.
A bond is a fixed income security that denotes the loan taken by the issuer from the investor that is repayable with […]
Follow-on public offer
Made by an issuer that has already made an IPO in the past and now makes a further public issue.
The price range within which investors can bid for IPO shares. It is set jointly by the company and the underwriter and is […]