Types of securities. Shares fixing the right of its owner on

Question code: 2.1.89 Investment PAI provides the owner of the following rights:

I. A share in the right of ownership of the property constituting the share investment fund II. Ownership of property that makes up a mutual investment fund

III. The right to demand from the management company of proper trust management of a mutual investment fund

IV. Right to receive income (percent)

V. The right to receive monetary compensation upon termination of the contract of trust management of a mutual investment fund with all owners of investment shares of this mutual investment fund answers:

A. I, III, V

B. II, IV, V

C. I, IV, V

D. II, III, IV

Question code: 2.1.90 Investment Pai of one PIPA certifies: Answers:

A. The same share in the right of the property of property, which makes up a mutual investment fund, and the same rights

B. Different shares in the right of the property of the property, which makes up a mutual investment fund, but the same rights

C. The same share in the right of the property of the property, which makes up a mutual investment fund, but different rights

D. Miscellaneous shares in the right of the property of property that makes up a mutual investment fund, and different rights

Question code: 2.1.91 Investment pairs can be issued as: Answers:

A. Documentary Posted Securities

B. Registered documentary securities

C. Personal non-documentary securities

D. Non-documentary bearer securities

Question code: 2.1.92 Restrictions on the appeal of investment shares can be installed: Answers:

A. Managing Company

B. Development decision

C. Federal law

D. Fund Rules

Question code: 2.1.93 In cases, if the list of owners of investment shares is required, the depositary to which

the registry of the owners is opened with an account of the nominal holder, is obliged to submit to a person who maintains the registry, the information necessary to compile a list of owners of investment benefits, no later:

A. One working day from the date of receipt of the relevant requirement

B. Two working days from the date of receipt of the relevant requirement

C. Five working days from the date of receipt of the relevant requirement

D. Seven working days from the date of receipt of the relevant requirement

Question code: 2.1.94 Mortgage coating can be:

I. Secured mortgage requirements for the return of the principal amount of debt and (or) on the payment of interest on loan agreements and loan agreements, including certified by mortgages;

II. Mortgage certificates of participation certifying their owners in the right of a common ownership of another mortgage coating;

III. Cash in the currency of the Russian Federation; IV. Cash in foreign currency;

V. State securities;

Vi. Real estate in cases provided for by federal law. Answers:

A. Everything except II

B. All except IV

C. All except VI

D. All listed

Question code: 2.1.95 Mortgage certificate of participation provides the owner of the following rights:

I. A share in the right of a common ownership of Mortgage Coverage II. Mortgage ownership

III. The right to demand from the proper trust management of the mortgage coating of IV. The right to participate in trust management of mortgage coating

V. The right to receive income from the trust management of the mortgage

Vi. The right to receive funds obtained in fulfillment of obligations, requirements for which mortgage coverage are answered:

A. I, III, VI

B. II, IV, V

C. II, III, VI

D. I, IV, V

Question code: 2.1.96 Emission valuable securities, fixing the right of its owner to purchase in the term provided

and / or upon the occurrence of the circumstances specified in it a certain number of issuer's shares at a price determined in this valuable paper is:

A. Option Issuer

B. Optional contract

C. Futures contract

D. Forward contract

Question code: 2.1.97 Indicate the right statements regarding the issuer's option:

I. is an emission valuable paper

II. Is non-emission valuable paper

III. Is an urgent market tool determining the rights to receive (transfer) property (including money, currency values \u200b\u200band securities) or information with the condition that the option holder may refuse rights to one unilaterally

IV. Enshrines the right of its owner to purchase within the prescribed period and / or upon the occurrence of the circumstances specified in this valuable paper, a certain number of issuer's shares at a price determined in this Security Paper

V. is a personal valuable paper

Vi. It is a bearer's valuable replies:

A. I, IV, V

B. III

C. II, VI

D. VI

Question code: 2.1.98 Specify the right statements regarding the Issue option form: Answers:

A. Presenter Documentary Paper

B. Warman documentary

C. Name Documentary Securities

D. Personal non-documentary securities

Question code: 2.1.99 Em session securities, fixing the right of its owner to receive from the issuer of security in

the term of its nominal value or other property equivalent answers:

A. Weeklem

B. Bond

D. Investment Paha

Question code: 2.1.100 What is the name of the bond, according to which interest is not paid, and the income investor receives at the expense

the difference between the purchase price and the repayment of bonds at par. I. Coupon;

II. Discount oscillation. Answers:

A. I.

B. II.

C. All listed

D. The correct answer is not specified.

Question code: 2.1.101 Indicate the right statements regarding the bond:

I. Bond is an emission valuable paper

II. Bond is non-emission securities

III. The bond establishes the right of its owner to receive from the issuer to the term of its nominal value or other property equivalent.

IV. The bond establishes the rights of its owner to receive a part of the profits of the joint-stock company in the form of dividends, to participate in the management of the joint-stock company

V. The bond may provide for the right of its owner to receive a fixed interest in it from the nominal value of the bond or other property rights.

Vi. The income on the bond is the percentage and / or discount VII. Bond income are dividends

A. I, III, V, VI

B. II, IV, VII

C. I, IV, VII

D. I, IV

Question code: 2.1.102 In accordance with the Federal Law "On the Securities Market", the execution of obligations under bonds can be provided:

I. Pledge II. Penalty

III. Retention of the property of the debtor IV. Guarantion

V. Bank guarantee VI. Master

VII. State or municipal warranty answers:

A. Only I, IV, V, VII

B. Only II, III, VI

C. Only V, VII

D. Only I, IV, VI

Question code: 2.1.103 Specify the right provisions regarding the provision of bond

I. The subject of pledge can only be securities and real estate

II. The subject of pledge can be any things, including money and securities, other property, including property rights

III. The deadline for which the bank guarantee is issued must not less than 6 months to exceed the date (termination period) of the redemption of the bond

IV. The period for which a bank guarantee is issued may be equal to the duration of the bond V. Bonds provided by mortgage should be placed before the state registration of the mortgage

Vi. It is forbidden to place bonds provided by mortgage, to state registration of mortgage answers:

B. IV, IV, V C. I, IV

Question code: 2.1.104 Mortgage coated bond is: Answers:

A. Bond, fulfillment of obligations on which is ensured in fully or in terms of mortgage pledge

B. Securities providing the right to its owner to pay monetary obligations under the Mortgage Coating Treaty

C. Bond, the fulfillment of obligations on which it provides for the payment of income of real estate owned by the issuer

D. Bond, fulfillment of obligations on which it provides for the payment of its nominal value of real estate owned by the issuer

Question code: 2.1.105 Indicate the patterns that need to take into account the borrower and the lender in order to

determine the interest rate for the use of the loan?

I. The higher the credit rating, the higher the interest rate for the use of credit II. The higher the credit rating, the lower the interest rate for the use of the loan

III. The more stable the state's policy, the higher the interest rate for the use of the loan IV. The more stable state policy, the lower the interest rate for the use of the loan

V. The higher the inflation rate in the country, the higher the interest rate requested by credit creditors.

Vi. The higher the level of inflation in the country, the lower the interest rate requested creditors for the use of the loan Answers:

A. I, III, V B. II, IV, VI C. I, IV, V

Question code: 2.1.106 Indicate correct statements regarding the form of corporate bonds:

I. documentary securities for bearer; II. Order documentary securities;

III. Registered documentary securities;

IV. Personal non-documentary securities. Answers:

A. II.

B. III

C. I and IV

D. I, III and IV

Question code: 2.1.107 Indicate the correct approval regarding the bond with a floating interest rate Answers:

A. Market price bond with floating interest rate less than changeable than the market price of a fixed interest bond price

B. Market price of a bond with a floating interest rate more changeable than the market price of a fixed interest bond price

C. Floating interest rate on the bond is continuously adjusted depending on the inflation level.

D. Market prices for floating interest rate bonds and fixed interest bonds are identical

Question code: 2.1.108 Indicate correct statements regarding market prices of bonds with a fixed and floating interest rate

I. The market price of the bond with a fixed coupon rate does not change, since the coupon is a constant value during the entire period of circulation of the bond

II. The market price of the bond with a fixed coupon rate varies depending on market interest rates

III. The market price of a floating coupon bond does not change because the coupon is adjusted

at depending on market interest rates

IV. The market price of a floating coupon bond is less than changeable compared with the market price of a fixed coupon bond replies:

A. I and III

B. II and III

C. I and IV

D. II and IV

Question code: 2.1.109 Note the wrong statement regarding the state warranty: Answers:

A. Securities issued by third parties, obligations for which are guaranteed by the Russian Federation are not government securities

B. The term of the state guarantee is determined by the implementation of obligations on the securities of third parties

C. The decision to ensure the fulfillment of obligations on second-person securities is made by the Government of the Russian Federation.

D. The guarantor of the state guarantee is jointly responsible for the obligation guaranteed

Question code: 2.1.110 A document containing an unconditional obligation of the bill of charge to pay a certain amount of money in

a certain period of a bill holder is called: Answers:

A. Simple bill

B. Translated bill

C. Tratta

D. Rete-bill

Question code: 2.1.111 What is the name of the payment warranty on the bill for any person obligated on it: Answers:

A. Accept

B. Allong

C. Indeensional

D. Aval

Question code: 2.1.112 What is the name of the label of the transfer notes: Answers:

A. Trassant

B. Roussat

C. Remitted

D. Avalist

Question code: 2.1.113 What is the name of the payer of the transfer notch: Answers:

A. Trassant

B. Roussat

C. Remitted

D. Avalist

Question code: 2.1.114 What is the name of the bill holder of the transfer notes: Answers:

A. Trassant

B. Roussat

C. Remitted

D. Avalist

Question code: 2.1.115 The absence of any details decks the document of force of the transfer notes:

I. The name "bill" included in the text of the document and expressed in the language in which this document is compiled

II. Name of payer

III. Specifying the term of payment

IV. Signature of the one who issues a bill of exchange (a drawer)

V. The name of the one who or orders whom the payment should be made by VI. Specifying the date of the bill

VII. Entrepreneur

VIII. Specifying the place in which the payment must be made:

A. I, II, IV, V, VI

B. III, VII, VIII

C. I, II, III, VII, VIII

D. I, III, V, VII, VIII

Question code: 2.1.116 Mandatory details of a simple bill

I. Name of "bill" included in the very text and expressed in the language on which this document is compiled

II. A simple and no reason for the promise to pay a certain amount III. Specifying the term of payment

IV. Name of payer

V. An indication of the place in which the payment must be made

Vi. The name of the one who or orders whom the payment should be made by VII. Dates of drawing up bill

VIII. Entrepreneur

IX. Signature of the one who issues a document (billboard) Answers:

A. I, II, V, VI, VII, IX

B. III, IV, VIII

C. I, III, V, VII, IX

D. III, IV, V, VIII

Question code: 2.1.117 Indicate correct allegations regarding the endorsement:

I. The indorsement should be simple and nothing due to

II. The endorsement may be limited to conditions that are indicated on an additional sheet III. Partial endorsement invalid

IV. The endressment transfers all rights arising from the bill

V. The endorsant has the right to transfer part of the rights on the indorsement, specifying them on an additional sheet VI. Crushed indors are considered untidated

VII. The bill is considered invalid if the expressed endressing answers contains:

A. I, III, IV, VI

B. II, V, VII

C. I, IV, VII

D. Nothing listed

Question code: 2.1.118 In accordance with the Federal Law "On the Transfer and Simple Week" by transfer and simple

the bill has the right to oblige:

I. Citizens of the Russian Federation

II. Legal entities of the Russian Federation

III. Russian Federation, constituent entities of the Russian Federation, city, rural settlements and other municipalities only in cases specifically provided for by Federal Law IV. Foreign citizens

V. Foreign governments and international organizations Answers:

A. I, II, III

B. II, III, IV, V

C. II.

D. I, II, III, IV, V

Question code: 2.1.119 Translation promissory notes payable within a certain period of presentation should be brought to an acceptance during:

A. One year from the date of their issuance

B. Three years from the moment the person learned or should have learn about the violation of his rights

C. Three months from the date of their issuance

D. 10 banking days

Question code: 2.1.120 A bill may be issued for time: I. Upon presentation

II. In so many time from presentation

III. In so many time from compiling IV. On a certain day

V. Before any event

Vi. Sequential payment time can be set Answers:

A. I, II, III, IV

B. I, II, III, IV, V, VI

C. I, II, III, V, VI

D. II, III, IV, V

Question code: 2.1.121 In accordance with the letter of the Central Bank of Russia "On Banking Operations with Bills", banks make the following types of operations:

I. Accounting bills

II. Issue loans to demand on a special loan account under providing bills III. Adoption of bills on the collection to receive payments and for paying bills on time answers:

A. Only I B. Only II

C. Only I and II

D. All of the listed

Question code: 2.1.122 Indicate the correct sequence of actions to encircle bills bills

I. Vexsel holder presents a bill to the bank

II. The Bank takes responsibility upon presentation to the notes of the payer for receipt of the payer

III. When receiving payment, the bill is returned to the debtor

IV. When receiving payment, the bill is returned to the bill

V. When noting payment, the bill is returned to the creditor, but with a protest in default answers:

A. I, II, III, V

B. II, IV, V

C. I, II, IV

D. II, III, IV, V

Question code: 2.1.123 Specify the signs of domicile bills of bills of bills:

I. The bank is a payer on the bill

II. The bank acts as a beneficiary on the bill

III. The external sign of the domicile bill is the word "payment" or "payment in .... Bank", placed under the signature of the payer

IV. An external sign of the domicile bill is an indication of the name of the word "domiculated"

V. The Bank pays the domicile bill in the case if earlier the payer made it a bill of exchange or if the client has a sufficient amount on his estimated (current) account and empowers the bank to write off the amount needed to pay for the bill

Vi. The bank pays a domicile bill from own funds, which then have the right to recover from the payer in the manner provided for in Article 851 of the Civil Code of the Russian Federation answers:

A. I, III, V

B. II, IV, VI

C. I, IV, V

D. II, III, VI

Question code: 2.1.124 Essence of accounting bills is as follows: Answers:

A. The bill holder transfers (sells) an exchange bank on an endorsement before the date of payment and receives a bill for it less deductible for the early receipt of a certain percentage of this amount.

B. The bank collects and forms in writing information about issued and received bills, as well as on bill loans, indicating the name of the billboard (promissory holder), payer, bill of exchange, payroll

C. A bill accounting is the accounting subsection

D. Accounting for bills issued for an amount equal to or greater than 600 thousand rubles, is one of the programs carried out in order to counter legalization (laundering) of income obtained by criminal, and financing terrorism

Question code: 2.1.125 Income for operations with a bill of exchange, which is based on the issuance of a loan attitude, recognized:

I. A bill of interest on the percentwelle II. Interest on the bill

III. A bill of interest-free bill IV. Amount discount

A. Iv, IV

B. I, II, IV

C. I, III

D. All listed

Question code: 2.1.126 The endorsant may remove responsibility for the payment on the bill by reservation: Answers:

A. Not orders

B. Turnover without costs

C. Pay orders

D. Without turning on me

Question code: 2.1.127 The mortgage certifies the following rights to its owner

I. The right to obtain execution on the monetary obligation provided by the mortgage, without the submission of other evidence of the existence of this obligation

II. The right of pledge on property burdened by mortgage

III. The right to receive a part of profit in the form of dividends

IV. The right to receive the amount of the deposit and due to the amount of interest in this valuable paper:

A. I, II

B. II, III

C. I, IV

D. III, IV

Question code: 2.1.128 Mortgage is: Answers:

A. Bearer

B. Registered valuable paper

C. Order Security

D. Is not valuable

Question code: 2.1.129 Who is issued to the initial mortgagee to the mortgage? Answers:

A. Loosener

B. Authority carrying out state registration of rights to state registration of mortgages

C. Authority exercising state registration of rights, after the state registration of the mortgage

D. Authority registering rights by personal securities

Question code: 2.1.130 Securities certifying the amount of the contribution made to the Bank and the right of the investor to receive

the expiration of the deadline of the deposit amount and due interest is called: Answers:

A. Savings book

B. Warrant

C. Konosamet

D. Deposit (savings) certificate

Question code: 2.1.131 The compilation and issuance of the deposit certificate confirms the conclusion of the contract: the answers:

A. Storage

B. Bank deposit

C. Depository

D. Trust management

The corporate issuing securities constituting the basis of the modern Russian securities market includes:

Bonds;

Options of the Issuer.

Stock - This is an emission securities that enshrines the rights of its owner (shareholder) to receive a part of the profits of the joint-stock company in the form of dividends, to participate in the management of the joint-stock company and part of the property remaining after its liquidation. The action is a personal valuable paper.

The most important features of the promotion:

1. Shares can be issued only by joint-stock companies. Other persons to emit them is not entitled.

2. The action presents the following rights to its owners:

a) non-property rights - participation in managing the joint-stock company and the right to receive information about its activities;

b) Property rights - dividends (part of the profit of the joint-stock company, obtained by the shareholder in the distribution of profits remaining after taxation) and the liquidation quota in the event of termination of the joint-stock company.

3. The presence of a nominal value is the initial price for which the campaign is purchased by a shareholder in the process of establishing a joint stock company. The nominal value of ordinary shares should be the same.

There are no requirements for the size and procedure for determining the nominal value of shares in the legislation. However, the size of the nominal value of the shares is tied to the parameters of the authorized capital. According to Art. 25. Federal Law "On Joint-Stock Companies" The authorized capital of the Company is drawn up from the nominal value of the Company's shares acquired by shareholders. The authorized capital of the Company determines the minimum size of the Company's property that guarantees the interests of its creditors, and with the establishment of society all of its shares must be placed among the founders.

In art. 26. The Federal Law "On Joint-Stock Companies" has been established the amount of the minimum authorized capital of the Open Joint Stock Company, which should be at least a thousand-year sum of the minimum amount of wages established by the Federal Law at the date of registration of the Company.

4. The action has a market or exchange rate.

Course value of the action or course is the cost of a transaction produced in the market with certain shares at a certain time. The course of stocks - the value is non-permanent, each separately taken certain period of time can change.

The main reasons that determine the course value of shares are:

Rising interest rates for deposits in commercial banks. If interest rates increase, then there is a transfusion of money into banks and, as a result, the demand for shares is reduced and their exchange rate cost is lowered;

Indicators of industries that produced investments. These indicators directly affect the expected profit and, as a result, for the course value of shares;

Own characteristics of the company's development: competitiveness, creditworthiness, ease of cycle of shares on the stock exchange.

Attentive attitude to the rights of minority shareholders. The exchange rate of shares can increase.

The regulatory classification of shares is carried out according to the following criteria:

By criteria - volume of owner rightsShares are divided into:

- ordinarystocks;

- preference shares.

Their legal status is disclosed in Art. 31.32 of the Federal Law "On Joint-Stock Companies". Each ordinary share of society provides the shareholder - its owner of the same amount of rights, namely the owners of ordinary shares of the Company can participate in the general meeting of shareholders with the right to vote on all issues of its competence, and also have the right to receive dividends, and in the event of the Company's liquidation - the right to Getting part of his property. Conversion of ordinary shares to other corporate securities is not allowed.

Shareholders - owners of preferred shares of the Company, as a general rule, do not have the right to vote at the general meeting of shareholders. The preferred shares of the Company of the same type provide shareholders - their owners are the same amount of rights and have the same nominal value.

In the Charter of the Company, the size of the dividend and (or) the cost paid in the liquidation of society (liquidation cost) on the preferred shares of each type should be determined. The size of the dividend and the liquidation value are determined in a solid monetary amount or as a percentage of the nominal value of preferred shares. The owners of preferred shares on which the dividend is not defined are entitled to receive dividends on a par with ordinary shares.

The charter of the Company may provide for conversion of preferred shares of a certain type in ordinary shares or preferred shares of other types at the request of shareholders - their owners. Conversion of preferred shares in bonds and other securities, with the exception of shares, is not allowed.

By criteria - statusShares are divided into:

- placedstocks;

- announcedstock.

According to the provisions of Art. 27 of the Federal Law "On Joint-Stock Companies", posted shares are shares that are acquired by shareholders.

The announced shares are shares that society has the right to post additionally to the placed shares. Their number, the nominal value, category (types) of shares must be determined by the Company's charter. In the absence of these provisions in the charter, the Company is not entitled to post additional (declared) shares.

By criteria - fragmentationShares are divided into:

- fractionalstocks;

- whole stock.

In accordance with clause 3. Art. 25 of the Federal Law "On Joint-Stock Companies" The fractional action is an action that provides its owner of law enshrined by the action of the relevant category (type), in the amount corresponding to the part of the whole shares it is. Here, the legislator establishes a closed list of cases when fractional promotions can be formed:

In the implementation of the preemptive right to acquire shares sold by the shareholder of a closed society;

In the exercise of the preemptive right to purchase additional shares;

When consolidating shares, when the acquisition of a shareholder of a whole number of shares is impossible.

The second fundamental corporate emission securities is a bond.

Bond - This is an emission securities that enshrines the right of its owner to receive a bond from the issuer into the period of its nominal value or other property equivalent. The bond may also provide for its owner to receive a fixed interest in it from the nominal value of the bond or other property rights. The income on the bond is the percentage and / or discount.

Corporate bonds allow issuers to obtain the necessary investments for business development from an unlimited range of individuals and legal entities. For investors, corporate bonds are one of the financial instruments of the stock market, allowing to transform their temporarily free monetary resources into assets.

Bonds open access to corporations to so-called long money, bypassing bank loans, thereby diversifying the sources of long-term financing of their economic growth. In addition, corporations - bond issuers cannot but take into account the fact that bonds do not give their owners to the right to participate in corporate affairs.

The Russian corporate bond market has a tendency to increase. So, in 2013, Russian companies attracted almost 2 trillion. rub. Due to the issue of bonds. This is 34% more than in 2012. However, most Russian corporate bonds are mainly due to high inflation, have a short time for repayment, on average, it is one and a half or two years. Mal and the volume of the Russian corporate securities market: 2 trillion. rub. In new placements, against over 40 trillion. rub. disposed by our banking system. Therefore, experts conclude that as the economic situation stabilized the corporate bond market in Russia will continue to grow.

Classifications of corporate bonds are conducted in the following criteria:

1. For the purpose of the bond loan Corporate bonds divide on:

Bonds manufactured to finance new investment projects;

- Bonds manufactured For refinancing the debt issued at the issuer;

- Bonds manufactured To finance events that are not related to the issuer's production activities.

2. By criteria - treatment:

- short-term -up to 5 years;

- Medium-term -from 5 to 15 years;

- long-term -over 15 years old.

3. By the criterion - the possibility of conversion:

- non-convertiblecorporate bonds;

- Convertiblecorporate bonds.

4. By criteria - the order of repayment Corporate bonds divide:

- with a one-time maturity;

- with a maturity of the series.

5. By the criterion - property, the law stand out:

Corporate bonds with the provision;

- corporate bonds without ensuring.

In accordance with the provision of Art. 27.2. The federal law "On the securities market" bonds with security is recognized by bonds, the fulfillment of obligations for which is fully or in part is ensured by a deposit, guarantee, bank guarantee, state or municipal guarantee.

The third corporate emission securities is the issuer's option.

Option Issuer -this is a registered emission securities, fixing the right, but not the obligation, its owner to purchase the term and / or when the circumstances of the issuer specified in it specified in it is a certain number of shares of the issuer of such an option at a price determined in the issuer's option.

In world and domestic practice, corporate emission securities - issuer options - appeared as financial instruments of attracting qualified management and motivating their effective activities. The fact is that the successful development of the corporation in modern conditions largely depends on the degree of professionalism and motivation of people engaged in its management. The ability of managers - managers to effectively organize the activities of the firm and achieve the strategic goals of the strategic goals has a significant impact on its financial indicators and the level of capitalization.

The issuer's option gives executives - managers to redeem a specific number of shares of the corporation after a certain period established at the beginning of the program implementation.

Since the successful development of the corporation significantly affects the course value of its shares, the use of the financial instrument under consideration allows us to combine the motivational effect on the material benefit received by the managers - managers, the option owners who receive the opportunity to purchase stocks at a price less than the market, due to the increase in the course value of the company's shares, with The interests of shareholders are the founders of the Corporation.

For example, according to the resulting option, the manager in 5 years has the right to buy the company's shares on the price agreed in the option at the moment - 200 rubles. If the shares at the prescribed period of time grow in price (for example, from 200 rubles to 300 rubles), the manager will be able to realize its option - buy shares of 200 rubles, and immediately sell them on the market for 300 rubles. Material incentive in the form of an option, keeps many top managers in their companies, forcing to work with greater return. The benefit is obvious and for the founders of the corporation, the capitalization of the company in this type of stock has increased by 100 rubles per share.

The legal status of the issuer's option, regulated by the Federal Law "On the Securities Market" allows you to allocate two types of options:

- urgered;

- urgent.

In the first case, the acquisition of a security is associated with the onset of a predetermined calendar date, which guarantees the employee to obtain the right to buy shares of companies. Such an option is aimed primarily to attract a highly qualified top manager.

The second type of option does not give its owner one hundred percent guarantee of the acquisition of shares. The fact is that in this option it is envisaged that the Corporation agrees to sell its shares only when favorable circumstances favorable. For example, increasing sales levels, improving financial indicators to certain parameters, or the implementation of a specific project. Therefore, urgent option under conditions aimed, first of all, on the motivation of the effective work of top managers.

The issuer's option belongs to the category of derived securities, as it certifies the right of its owner to acquire other securities - shares. The option is carried out by converting it to the promotion at the request of the option owner. If the option owner does not take advantage of its right to acquire shares of the issuer in the manner and deadlines provided for by the decision on the issuance of securities, then such options are canceled, and the cash owner of the cash return is not subject to.

According to the requirements of Art. 2 of the Federal Law "On the Securities Market" Decision on the placement of issuer options and the procedure for their placement are carried out in accordance with the federal laws by the rules of securities convertible in stocks. Currently, such rules are established by federal laws "On Joint-Stock Companies" and "On the Securities Market", "Regulations on the Emission Emission Standards, the procedure for state registration of the issue (additional issue) of issuing securities, state registration of reports on the results of the issue (additional issue ) Emission securities and registration of securities prospectuses, approved by the Bank of Russia 11.08.2014 N 428-p. Thus, the Issuer is not entitled to post the issuer's options if the number of declared shares of the issuer is less than the number of shares, the right to purchase such options.

The number of shares of a certain category (type), the right to purchase which is provided by the issuer's options, cannot exceed 5 percent of the shares of this category (type) placed on the date of submission of documents for state registration of issuer options.

The placement of issuer options is possible only after full payment of the authorized capital of the joint-stock company.

The price of the issuer's option with a closed subscription is determined in the Option Release Decision. In some cases, the issuer's options are issued by the corporation as a free application when selling their preferred shares.

The price of the issuer's option with public placement in the stock market is defined in the same way as the price of any other emission securities. The exchange rate of the issuer's option depends on the one hand, on the existing time of the time difference between the market price of the basic action and its price recorded in the issuer's option. On the other hand, left before the expiration of the issuer's option, or from investor expectations regarding the dynamics of the market price of the basic action in the future.

Option programs began to develop and used in Russia relatively recently. Currently, they are used by companies such as Sitronics, RusHydro, Polymetal, VimpelCom, MTS and others.

Bond emission valuable paper fixing the right of its owner to receive bond from the issuer to the term of its nominal value or other property equivalent. The bond may also provide for its owner to receive a fixed interest in it from the nominal value of the bond or other property rights. The income on the bond is the percentage and or discount of Art. Bonds are issued for a certain period to attract additional financial resources.

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Lecture number 2 -3

Types of securities

Let us dwell in more detail on the most widely used in the Russian securities economy.

1. Promotion - Emission valuable paper, enshrining the rights of its owner (shareholder) to receive a part of the profits of the joint-stock company in the form of dividends, to participate in the management of the joint-stock company and part of the property remaining after its liquidation (Art. 2 of the Law on the Securities Market). Only joint-stock companies have the right to issue shares. The income per share, which is formed by the profit of the joint-stock company (or another issuer), which issued a shares is a dividend.

The action as a security has a number of characteristic properties inherent in only her. They are as follows:

* The action is the title of property, i.e. the owner of the action is the owner of the joint-stock company;

* The action does not have the time of treatment, i.e., indefinite, it is limited to the length of the existence of a joint-stock company;

* Shares can split and consolidate. When crushing (split), the number of shares increases (one share is converted to several), their nominal value decreases with the previous amount of the share capital. When consolidating the number of shares decreases, the nominal value increases, and the size of the authorized capital does not change;

* for the action is characterized by limited liability, as the shareholder does not respond to the obligations of the joint stock company itself;

* The action is characterized by indivisibility, i.e., joint ownership of the action is not related to the division of rights between owners, they together act as one person;

* The owner of the action has the right to withdraw its part of the total capital of the joint-stock company, sales, submitting legislative
way of your shares.

The practice of attracting financial resources to joint stock companies has developed a large number of shares, which satisfy the most different needs of investors. Shares vary depending on the issuer, the method of registration of the Rights of the shareholder, investment qualities, etc.

Depending on the subjects, among which the shares are distributed, distinguished: the shares of the labor collective, the shares of the enterprise, the shares of the joint-stock company. The shares of the labor collective are distributed only among the workers of this enterprise, the shares of the enterprise are distributed among other legal entities. They do not give them to the holder of the right to participate in the management of the enterprise and are only a means of mobilizing additional financial resources. Shares of the joint stock company are distributed among shareholders, i.e. co-owners of this company.

Depending on the method of realizing the rights of the shareholder of the share of the joint stock company, there are ordinary and privileged. Ordinary shares give the right to participate in the management of the joint-stock company (1 promotion \u003d 1 Voice in solving issues at the shareholders meeting). The share of ordinary shares focused in the hands of one owner and gives him the opportunity to exercise actual control over the joint-stock company, is called a controlling stake. Theoretically, the package must be 50% of all issued ordinary shares plus 1 share. Practically less. Dividends on these shares are paid after the payment of dividends on privileged shares.

Preferred shares do not give the right to vote at the general meeting of shareholders (the exception is to resolve issues on the reorganization and liquidation of society), but they bring a permanent (fixed) income, the amount of which is established when issuing shares. These shares have an advantage over ordinary shares in the distribution of profits and the liquidation of society. With a lack of profit, the payment of dividends on privileged shares is made at the expense of the Company's reserve fund, and in the event of a lack of funds for the payment of dividends on ordinary shares, they are not paid. Preferred shares can be produced in the form of convertible shares, i.e. shares that can be exchanged at the request of the owner on ordinary shares of the same issuer. According to the Law of the Russian Federation "On Joint-Stock Companies" the nominal value of preferred shares should not exceed 25% of the authorized capital of the Company.

In order of ownership, securities are: nominal and bearer. According to the law "On the securities market" (Art. 2) and the Law "On Joint-Stock Companies", shares are registered securities. Personal action is a valuable paper, the name of the owner of which is indicated on its form and (or) in the register of owners. It can be transferred to another person through a cessia, only through notarial design or brokerage offices, banks. Owners of registered shares are registered in the shareholders register.

Depending on the issue of shares in appeal and their payment distinguish the following types of shares: declared, posted and paid. The announced shares are the limit number of shares of the appropriate type, which can be issued by the enterprise in addition to the already posted shares. The number of declared shares is not associated with the size of the authorized capital and may be greater than or less than its magnitude. This amount is fixed in the charter of the joint-stock company or is made by the decision of the General Meeting of Shareholders by a majority vote. Placed shares are shares that are acquired by shareholders. Paid shares are shares for which their owner produced 100% payment and funds are credited to the account of the joint stock company. Not all placed shares are paid, as it may be provided for the payment of shares in installments. At least 50% of the shares of the Company, distributed under its institution, must be paid within three months from the date of state registration of the Company, and the remaining part is during the year from the date of registration.

Depending on the form of the issue of the promotion, there are: documentary (forms, in the form of separate documents) and non-documentary (balanceless or non-cash, in the form of records on the personal accounts at the registry holder and the depositary accounts at the depositary). The decision on the form of release accepts the Issuer. Currently, promotions are currently being released in a documentary form, more and more often this form is replaced by entries of the relevant data in the computer's memory, and the shareholders are issued a certificate of shares.

2. Bond - Em session securities that enshrines the right of its owner to receive bond from the issuer to the term of its nominal value or other property equivalent. The bond may also provide for its owner to receive a fixed interest in it from the nominal value of the bond or other property rights. The income on the bond is the percentage and / or discount (Art. 2 of the Law "On the Securities Market", Art. 816 of the Civil Code of the Russian Federation).

Bonds are issued for a certain period, to attract additional financial resources. In contrast, the bond shares do not give the right to participate in the management of the joint-stock company their owners, but has several advantages. The bond is a valuable paper that:

1) expresses borrowed, debt relations between the bond and the issuer;

2) brings guaranteed income;

3) independently appeals to the stock market up to its repayment by the Issuer and has its own course;

4) has the properties of liquidity, reliability, profitability and other investment qualities;

5) has a priority compared to an action in obtaining income, the payment of income on them is made in a priority compared with the payment of dividends on shares;

6) gives the right to the owner on the primary satisfaction of its requirements compared with the shareholder in the liquidation of the enterprise;

7) Investing funds to government bonds gives certain tax breaks.

Issuers produce bonds of various types and types. Depending on which classification feature is based on a grouping, several types of bonds can be distinguished.

Depending on the realization of the rights of the owner of the bond can be nominated and for bearer.

Depending on the method of providing a bond is provided and unsecured. Secured bonds are subject to a mortgage of specific property, land or securities owned by the Issuer. Unsecured bonds are debt obligations that are not secured by any key.

According to conversion privileges, they allocate convertible and non-convertible bonds. Convertible bonds give the right to the owner of the opportunity to exchange them on ordinary shares of the same issuer. Non-convertible bonds do not give such right.

In the form of profitability differences interest, interest-free bonds, zero coupon bonds (bonds of winning loans). Interestable (discount) bonds are sold with a discount at a price lower than the nominal. Income by percentage (coupon) bonds is paid by paying coupons to bonds. The coupon is part of the bond certificate, which, when separating from a certificate, gives the owner the right to receive a percentage (income). The magnitude of the percentage and the date of its payment is indicated on the coupon, so the coupon is the main characteristic of the bond. The paid percentage is fixed and floating. Income on bonds of winning loans is presented in the form of goods or services, which they were released.

Depending on the validity period, the bonds are with a specified date of repayment and without a fixed maturity. The bonds with the agreed date of repayment are divided into short-term - validity period up to 1 year, medium-term - validity of up to 5 years, long-term - validity period from 5 to 30 years. Bonds without a fixed repayment date are divided into return - bonds issued by the Issuer until the end of the term, with the payment of the premium holder for missed material capabilities; Bonds with expansion of the validity period - the holder has the right at the end of the validity period to exchange them on more
long-term bonds of the same cost and with a higher percentage of payments; Bonds with a narrowing of the term - the holder has the right to present his bonds to the ransom at face value until the end of the loan period.

Depending on the issuer distinguish corporate bonds, state bonds. The bonds of the state are divided into federal - bonds issued on behalf of the Russian Federation, and municipal bonds issued on behalf of the city municipality, the district. The state issues the following bonds: bonds of the State republican domestic loan of the RSFSR 1991 GDO (long-term); State short-term unceumba bonds of GKOs; internal currency loan; federal loan bonds; Bonds of the gold federal loan; Bonds of Russian internal
loan 1992 and others.

Corporation bonds are issued to attract additional financial resources. Bonds of domestic state and municipal loans are available on bearer; Bonds of enterprises - both nominal and bearer.

The bond has basic characteristics - a nominal, course, point, coupon, discount, etc. Payment for bonds is made by accrual interest to the nominal value. Investor, having a bond, knows in advance what amount he will receive on it to a certain time. It is also necessary to know the value of the nominal value in order to determine the current bond course, since this paper is quoted as a percentage of its nominal value (i.e. to the amount that is indicated on the bonds). The bond course is determined as a percentage and the content of certain types of securities to the raid by dividing the market price of the bond at the nominal price of the bond.

The total income from the bond is consisted of the following elements: 1) periodically paid interest (coupon income); 2) a change in the value of the bond for the corresponding period; 3) income from the reinvestment of the received interest.

3. Veksel - Valuable paper certifying an unconditional monetary obligation of the credentials to pay at the occurrence of a certain amount of money to the owner of the bill of exchange (W.Sesel-holder). A bill of exchange happens: simple and transferable (RF Law "On the Transferred and Simple Week" of March 11, 1997 No. 48-FZ).

Billset has a number of essential features:

* abstract;

* Constability;

* referred;

* monetarity;

* protest rights;

* joint responsibility.

Types of bills of bills are quite diverse and vary depending on the issuers, the period of payment, the order of ownership, etc.

Depending on the subject, producing the payment of the bill, bills are divided into simple and translated. A simple (solo bill) of the debtor's ignition to pay a certain amount of money within the prescribed period to the recipient of the money or by his order to any other person presented a bill to pay. A simple bill is discharged by the payer itself (debtor). The transfer bill (Tratta) is discharged and signed by the creditor (trassant) and is an order of the lender (trafficking) debtor (RUSSATU) to pay within the specified period of a certain amount of money to a third party (Remitent - the first bill holder) or a bearer. According to the transfer bill, the debtor turns into a payer.

According to the Issuer's principle, public and private bills are distinguished. State bills are debt obligations produced by the Government of the country through the mediation of the Central Bank of Russia and the Ministry of Finance of the Russian Federation. Municipal bills are issued by the administrations of the subjects of the Federation and field administrations. Private promissory notes include bills issued by corporations, financial groups, commercial banks. Bank bills produce banks (usually with a discount). Corporate bills are used to design credit liabilities and are issued by business entities.

In order of ownership distinguish: nominal bills and bills on bearer.

Depending on the revenue received, bills are divided into discount - suggest a discount (the difference between the acquisition and redemption price (random) of the bill); Interest - suggest a percentage.

Depending on the territory on which bills are addressed, they can be divided into local, which can only be applied on a certain territory; national, which are treated in the territory of the state; International. Domestic and foreign bills can also be distinguished.

The warranty of bills of bills will be divided into the ailed (guaranteed) and unallocated (non-maritown). Guaranteed bills are equipped with a mark of bill guarantee, a guarantee of banks and credit institutions - Aval.

4. Deposit and savings certificates

Deposit and savings certificates can be issued in one-time and series; both nominal and bearer; Interest and discount.

In percentage certificates, the following interest payment methods can be established: a fixed interest rate, the fluctuating interest rate, the value of which is tied to some financial indicator (refinancing rate, assessment of the profitability of the GCO). The initial placement of discount certificates is carried out at prices below the nominal value, the percentage is paid in the form of a difference between the nominal and redemption price.

Deposit and savings certificates are treated by concession of the rights of claim (cession). The assignment of the rights of the presenter requirements is carried out by simply handing the certificate to the new owner. As for the nominal certificate, the cession is drawn up on its reverse side.

5. Covenant - This is non-emission securities, discharged by the carrier of the sea cargo or its authorized representative of the owner of the cargo or its representative. The Covenant is a transport document containing the terms of the maritime transportation agreement, certifying the fact of receiving the shipment to the shipment, which gives the right of disposal and the right of ownership of the holder of the Covenant to the cargo, the right of the holder of the Covenant to possession and disposal to them.

The billion is issued to any cargo, regardless of how the transportation is carried out: with the provision of the entire vessel, individual ship premises, without such a condition.

Legal acts regulating issues of issuance and content of the cavaria are: International Convention for the Unification of Some Rules on Covenant 1921 (Hague Rules); Brussels Protocol of 1968 to revise the Hague Rules on Covenants of 1921 (Rules of Hague-Visby); UN Convention on Sea Carriage of 1978 (Hamburg Regulations); Trade Marine Code of the Russian Federation of 31.03.99

The cavarisment is based on the loading order signed by the sender of the cargo, which transmits the port of the export order with the necessary details. In the Covenant, the language is indicated, on which the text of the caviance is printed, possibly bilingual design of the bill. Usually, the Covenant is a typographic way the printed form. Covenant is a document of a standard form adopted in international practice for shipping.

Covenants are compiled in three copies with the same content and date: one - for the shipper, the second is for the consignee, the third is for a cargo transporter. All copies of the bill are originals, as evidenced by the "original" stamp on them. In some cases, the sequence number of the original is indicated - the first, second, third. In the Covenant, the number of composed originals is indicated, however, only one of them can be a commodity-based document. If one of these goods are issued, the rest lose force. Copies of the billboards are printed on paper, excellent
from the original, or have a "copy" stamp.

Depending on whether the insured insured
policy, distinguished the insured billionate. The Insured Coverage is a combination of a transport document with the insurance policy and serves as proof of both receiving cargo to transportation,
and its insurance. It is usually used when transporting goods in containers.

Also distinguish the following types of bills.

Dolly Coverage is a disposal to transfer a certain part of the transported cargo in the port of destination to another person. It is used in case of partial sale by consignee of the goods before
he took the delivery.

Prefabricated cavaria - an exhibition for several cargo intended for various consignees.

6. Varant It has two types of use.

First, Warrant is a certificate that gives the holder the right to buy securities at the agreed price for a certain period of time or indefinitely. Sometimes a warrant is offered along with the valuable paper in the form of an incentive for their purchase.

The following types of warrants can be distinguished (Fig. 2.4.7).

VARRANT per share - a certificate that gives it to the holder the right to buy the company's shares for a certain price for a specified time.

VARRANT for a subscription - a tool through which shareholders implement their rights to subscribe or subscription privileges. It is produced by the Corporation, which determines the number of shares, which can purchase a shareholder, and the conditions for their acquisition in case of additional emission. Varrand on a subscription is a legal certificate of ownership of the rights to a subscription and can be reordered to other persons. Its species is an ex-warranty-certificate certifying the right of a shareholder for the acquisition of new ordinary shares of the company at a preferential price to their public offer.

Depending on the form of existence, the internal and tear-off warrants distinguish. An internal warrant is a long-term or permanent securities, manufactured with a bond or a privileged action and giving the right to buy a certain number of ordinary shares of the same issuer cannot be sold separately. The tearless (mobile) warrant is a warrant that can be sold separately from the securities to which it was originally attached.

Bonds with Varrant - a combination of ordinary bond and a warrant for the purchase of shares. Bonds with Warranta may assume both the possibility of separating a warrant from the bond and the impossibility of this. At the same time, the implementation of the Warranta does not mean termination of the bond. Warrannts make it possible to produce bonds at a lower interest rate.

Dividend Warranta - Certificate of receiving a warranta, order to pay a dividend shareholder.

Interestrial warrant - disposal of the Corporation on the payment of interest due to its bonds and other securities.

Index warrant - an option on the stock index, manufactured as
part of the securities emission and guaranteed by the Clearing Chamber.

Foreign exchange warmarines are options included in securities issues and give them to the holder the right to purchase at the issuer additional securities expressed in another currency. At the same time, the coupon and the course of securities are recorded at the time of sale of the main emission.

Warranta-covered Warranta for the purchase or sale of certain securities available in the investment company's portfolio.

European Warrant - Warranta, used only on certain days or periods.

Buying a warranta makes sense if an increase in the cost of shares is expected by the time they are released. The sale of Warranta is one of the ways to place a new issue of shares. Branch trade can be carried out on the stock exchange.

Secondly, Varrant - Certificate of Commodity Warehouse for Meeting on
storage of a specific product. In this case, the Warranta is a commodity-based document and is used when selling and a pledge of goods.

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We continue to disassemble questions and answers to the Basic Exam FSERF. We are approaching the end of the topic 1.3 and approach the first 10 percent of all questions. Small front, so to speak. Do not forget about our. You will like it, will help in preparation ..

This time, I will not write explanations. Tell me, is better reading or worse? Previously, if I inserted a quote from the law, I wrote it in italics to somehow separate, but it seems to me so harder. What do you think?

Question code: 1.1.158

The emission valuable paper that fixes the right of its owner to the purchase in the term and / or when the circumstances of the issuer specified in it has specified in it, a certain number of issuer shares at a price determined in this valuable paper, is:

Answers:

A. Option Issuer
B. Optional contract
C. Futures contract
D. Forward contract

Question code: 1.2.163

Indicate the right statements regarding the bond.

I. Bond is an emission securities;

II. The bond is non-emission valuable paper:

III. The bond establishes the right of its owner to receive from the issuer to the term of its nominal value or other property equivalent;

IV. The bond establishes the rights of its owner to receive a part of the profit of the joint-stock company in the form of dividends, to participate in the management of the joint-stock company;

V. The bond may provide for the right of its owner to receive a fixed interest in it from the nominal value of the bond or other property rights:

Vi. The income on the bond is the percentage and / or discount;

VII. Income by bonds are dividends.

Answers:

A. I, III, V, VI
B. II, IV, VII
C. I, IV, VII
D. I. IV.

Question code: 1.1.167

Specify the right statements regarding the form of corporate bonds:

I. documentary securities for bearer;
II. Order documentary securities;
III. Registered documentary securities;
IV. Personal non-documentary securities.

Answers:

A. II.
B. III
C. I and IV
D. I, III and IV

Question code: 1.1.168

Indicate the right statement regarding the bond with a floating interest rate.

Answers:

A. Market price of a floating interest bond price is less than changeable than the market price of a fixed interest rate bond

B. Market price of a bond with a floating interest rate more changeable than the market price of a bond with a fixed interest rate

C. Floating interest rate on bonds is continuously adjusted depending on the inflation level.

D. Market prices for floating interest rate bonds and fixed interest bonds are identical

Once upon a time in 1997, there was a tutorial called "Basic Current Market Market". Questions were partially compiled from there and walked for many years. In general, read:

"Some of the bonds may have a floating interest coupon. In order to release bonds with a floating coupon, it is necessary to comply with the same" quality "criterion, and the floating rate itself will be updated as a value or percentage above the basic. Thus, the market price. Bonds will be less volatile, as the interest rate will be adjusted, for example, every six months in order to reflect market conditions at the moment. "

Question code: 1.1.169

Specify the right statements regarding market prices of bonds with a fixed and floating interest rate.

I. The market price of a fixed coupon bond does not change, since the coupon is a constant value during the entire period of circulation of the bond;

II. The market price of the bond with a fixed coupon rate varies depending on market interest rates;

III. The market price of a floating coupon bond does not change, since the coupon is adjusted depending on market interest rates;

IV. The market price of a floating coupon bond rate is less than changeable compared with the market price of a bond with a fixed coupon rate.

Answers:

A. I and III
B. II and III
C. I and IV
D. II and IV

We look at the answer to the previous question.

Question code: 1.1.170

Answers:

A. Simple bill
B. Translated bill
C. Tratta
D. Rete-bill

Want to believe, you want no, but the question of the federal law, which has lost its strength 10 years ago. There was such a FZ "On Bank Operating Operations with Weeks", according to which:

"A simple bill is a written document containing a simple and no matter the obligation of the credentials (debtor) to pay a certain amount of money within a certain period of time and in a certain place of the bill holder or his order."

New questions are called ...

Question code: 1.1.171

What is the name of the payment warranty on the bill for any person obligated on it?

Answers:

A. Accept
B. Allong
C. Indeensional
D. Aval

"The endorsement should be simple and unlocked. Any restrictive condition is considered untidized. Partial endorsement is invalid. Started indors are considered untidated."

Question code: 1.2.176

In accordance with the Federal Law "On the Transfer and Simple Week", for the transfer and simple bill, it is entitled to oblige:

I. Citizens of the Russian Federation;

II. Legal entities of the Russian Federation;

III. Russian Federation, constituent entities of the Russian Federation, city, rural settlements and other municipalities only in cases specifically provided for by federal law;

IV. Foreign citizens;

V. Foreign governments and international organizations.

Answers:

A. I, II, III
B. II, III, IV, V
C. II.
D. I, II, III, IV, V

"For a transfer and simple bill, citizens of the Russian Federation and legal entities of the Russian Federation are entitled to come true.

Russian Federation, constituent entities of the Russian Federation, urban, rural settlements and other municipalities have the right to oblige a transferred and simple bill only in cases specifically provided for by federal law."

Question code: 1.2.177

A bill may be issued for time:

I. Upon presentation;
II. In so many time from presentation;
III. In so many time from compiling;
IV. For a certain day;
V. Before the occurrence of any event;
Vi. Sequential terms of payment can be installed.

Answers:

A. I, II, III, IV
B. I, II, III, IV, V, VI
C. I, II, III, V, VI
D. II, III, IV, V

In this case, we are talking about a transfer bill for which, according to article 33 of Chapter V "On the term of payment" of the decision of the CEC of the USSR and SNK of the USSR from 07.08.1937 No. 104/1341 "On the introduction of the provision on the transfer and simple bill":

Answers:

A. Only I.
B. Only II
C. Only I and II
D. All of the listed

The original source was failed to find, but there is such an association of participants in the bill market in 1998 issued a standard for the transfer of bills, according to which:

"The bill maintains strength in the following cases:

a) If all the obligatory and additional details of the bill are preserved, with the exception of VEVEVEL. The failure of the elements of protection against counterfeit does not affect the strength of the bill;

b) in the presence of knocked broken pieces, if partial parts are unconditionally belong to this bill;

c) in the presence of prisoners;

d) if there are spots, in case they do not impede the definition of bills of propilisites, inscriptions and stamps that do not affect the content of the bill text;

e) in the absence of parts that do not affect the content of bills of bills. "

Question code: 1.1.179

Income on operations with a bill, based on the issuance of which a loan relationship is recognized:

I. A bill of interest on the percentage;
II. Interest on the bill;
III. Bill of interest on interest-free bill;
IV. The amount of discount.

Answers:

A. II, IV
B. I, II, IV
C. I, III
D. All of the listed

Types of securities

Under the guise of securities is understood as their combination, for which all signs inherent in securities are common, the same. The following main types of securities are allocated:

• o. stock - emission valuable paper, enshrining the rights of its owner (shareholder) to receive a part of the profit of the joint-stock company in the form of dividends, to participate in the management of joint-stock company and part of the property remaining after its liquidation. The action is a personal valuable paper;
• o. bond - Em session securities that enshrines the right of its owner to receive bond from the issuer to the term of its nominal value or other property equivalent. The bond may also provide for its owner to receive a fixed interest in it from the nominal value of the bond or other property rights. The income on the bond is the percentage and (or) discount;
• o. mortgage Bond - the bond, the fulfillment of obligations on which is ensured in fully or in terms of the pledge of the mortgage coating. With the transfer of rights to a bond with a mortgage coating to a new owner, all rights arising from the mortgage collateral are transmitted. It is an emission valuable paper. Can be released in documentary and non-documentary forms;
• o. option Issuer - em session securities that enshrines the right of its owner to purchase within the time provided in it and (or) upon the occurrence of the circumstances specified in it a certain number of issuer shares of such an option at a price determined in the option. The Option of the Issuer is a personal valuable paper. The decision on the placement of issuer options and their placement is carried out in accordance with the rules established by federal laws, which are converted into stocks. At the same time, the price of placing shares in fulfillment of requirements for the options of the issuer is determined in accordance with the price defined in such an option;
• o. savings (deposit) certificate - Securities certifying the amount of the contribution made to the credit institution and the rights of the depositor (certificate holder) for receiving the amount of the deposit amount and the percentage of interest in the credit institution issued certificate or in any of its branch;
• o. bill the written monetary commitment of the debtor on the return of debt, the form and circulation of which are governed by special legislation - - bill;
• o. receipt - unconducted written order of the Chekodator Bank pay the amount of money indicated in it;
• o. mortgage - nimariable paper certifying the rights of its owner in accordance with the mortgage agreement (property of real estate) to obtain a monetary obligation or the property specified in it;
• o. mortgage Certificate of Participation - personal security certifying the share of its owner in the right of a common ownership of mortgage coverage and the right to demand from a proper trust management of the mortgage coating. It is not an emission price paper, it does not have a nominal value. Rights certified by a mortgage certificate of participation are recorded in a non-documentary form. The issue of derivatives from mortgage certificates of securities participation is not allowed;
• o. covenant - document (contract) of a standard (international) form to transport cargo, certifying its loading, transportation and law of obtaining;
• o. stock warrant - valuable Paper, which gives its owner, the preemptive right to buy shares or bonds some company during a certain time time at a prescribed price;
• o. subscription Law - securities, which will give the right to shareholders to subscribe to a certain number of newly issued shares (or bonds) of this company at a prescribed subscription price during the prescribed period. The subscription law enables the shareholder of the company to purchase shares before the start of the general subscription, i.e., during the "preferential" subscription and at a preferential price;
• o. depositary receipt (certificate, certificate) - personal securities, testifying to ownership of shares in a portfolio of shares of any foreign company, whose shares cannot for some reasons to contact the stock market. Available in the form of a certificate for the shares of a foreign issuer by the depositary bank of world importance.

From the standpoint of enterprises, all securities can be divided into two groups:

• o. investment securities - securities that are an object of investment of capital (promotions, bonds, savings certificates, warrants, futures contracts, options);
• o. non-investment securities - securities that serve cash payments for commodity or other markets (bills, checks, cavias, warehouse certificates).

The given classification of securities is presented in Scheme 9.1.

On the modern Russian securities market, emission investment securities - stocks and bonds have greatest importance.

Securities division debt and owned share reflects two possible ways to use funds: either to acquire any asset to property or temporary use. If securities are issued for a limited period with a subsequent return of nested amounts, they are debt papers. These are bonds, savings (deposit) certificates, bills, etc.

Owned securities provide ownership of the relevant assets. These are promotions, warrants, cavias, etc. It should be especially making mortgage certificates of participation, the issuance of which is the basis for

Scheme 9.1.

nicknowledge common ownership owners of these securities on mortgage coating under which they are issued, and institutions trust management so mortgage coating. The total share ownership of the mortgage coating occurs simultaneously with the institution of trust management.

The level of risk of securities depends on their profitability and warranty: the higher the yield, the higher the risk to which the acquirer is ready; The higher the warranty, the lower the risk. The least risky are government bonds due to their high warranty. More risky are bonds of companies, and even more risky - shares and derivatives.

Transfer and fulfillment of valuable rights

The procedure for the transfer and execution of rights on valuable paper is determined by the Civil Code of the Russian Federation (Art. 146, 147,390).

To transfer to another person of rights certified by the presenter, fairly presenting the security of this person.

Rights certified by registered valuable paper are transmitted in the manner prescribed for concessions of the requirements (cession). Person transferring law on valuable it is responsible for the invalidity of the relevant requirement, but not for its failure.

Rights on order securities are transmitted by making a gear inscription on this paper - an endorsement. The endorsant is responsible not only for the existence of the right, but also for its implementation.

The index fell on the valuable paper transfers all rights certified by the valuable paper, on a person or the order of which the rights for valuable paper are transmitted. An indorsement may be blankov (without specifying a person who should be executed) or oRDER (With an indication of a person who or by order of which should be executed). The endorsement can only be limited to the instructions to carry out rights certified by the valuable paper, without transmitting these rights to the Endorste (Pressure endorsement). In this case, the Indosat has acts as a representative.

The person who issued a valuable paper, and all the persons indices, respond to its legal owner. solidarly. In case of satisfaction with the requirements of the legal owner of the Security Council on the fulfillment of the commitment requirement right (regression) is recognized as one or more persons who pledged on the valuable paper before its legal owner, satisfied its demands and thereby obtained the right to demand the compensation of the amount paid from the rest of the persons under this valuable paper.

Refusal to fulfill the obligation certified by the security, with reference to the absence of the foundation of the obligation or on its invalidity is not allowed.

The owner of the security, who found a fear or fake of the security, has the right to present person who passed the paper the requirement to properly fulfill the obligation certified by the valuable paper and compensation for damages.

 

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