main types of securities
The main securities are securities, which guarantee the property rights to any assets, as a rule on the property, goods, capital, money, different kinds of resources, etc. In these securities include: Bank certificates; stocks; bonds; the bill of lading; promissory notes; savings certificates; certificates of Deposit; cheques; warrants; the mortgage loans and others.
The main securities
The main securities, may be divided into two groups - this is the primary and the secondary securities.
The primary securities are based on the assets, but they бездокументарны: shares, bonds, bills of exchange, bonds, etc.
If the underlying securities on assets (real estate, raw materials, materials, goods, etc.) issue in a documentary form, then in the primary securities is all the same thing, except the securities.
Secondary securities these securities are the securities in the Depositary receipts, warrants etc. They represent the property rights to securities and the income from them. First of all, are based on such securities as equities, bonds and mortgages.
The main securities issue in two forms
1. In the form of the same securities, for example, in the form of bonds, based on a pool of mortgage - called transitional. Rights are transferred from the owners of some types of securities to the owners of other types of securities;
2. In the form that is different from the main securities - secondary species:
a) self-transferable right to acquire, mainly in the shares. These include: premium options; subscription rights; stock options;
b) the Depositary certificates (certificates and receipts). For example, Deposit receipts in America KLA on the shares.
The main types of secondary securities which give the right to purchase of property securities, include: subscription rights and stock warrants.
