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Basis of Quotation, tutorial
colaiscute
post Posted: Nov 25 2003, 12:35 PM
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Posts: 690
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The Basis of Quotation is the status under which a particular security is quoted. The following codes are used.


Code Description
CB Cum Bonus
CC Cum Capital Return
CD Cum Dividend Stock
CE Cum Entitlement
CF Cum Takeover Offer
CI Cum Interest
CL Call Due
CP Call Paid
CZ Cum Priority
CM Cum Premium Return
CQ Cum Equal Access Buyback
CR Cum Rights
CT Conditional Trading
NX New Ex Interest
PA Protection Available
PU Protection Unavailable
RA Receiver Appointed
RE Reconstructed
XB Ex Bonus Issue
XC Ex Return of Capital
XD Ex Dividend
XE Ex Entitlement
XF Ex Takeover Offer
XI Ex Interest
XM Ex Return of Premium
XQ Ex Equal Access Buyback
XR Ex Rights Issues
XZ Ex Priority


Cum: Means 'with' and refers to the market in a security when that security trades with the benefit of the entitlement associated with it e.g. dividend, bonus, interest, rights.

You must buy (or hold) the shares when quoted as Cum-Dividend (CD) to be entitled to the current dividend.


Ex: Means 'without' and refers to the market in a security when the security trades without the benefit of the entitlement associated with it e.g. dividend Once the security goes Ex-Dividend (XD) and you buy the shares, you will not be entitled to the dividend.





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colaiscute
 
 



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