The Kenya Association of Stockbrokers and Investment Banks is an association that represents the interests of Kenyan stockbrokerage and investment banking companies. It was initially founded as the Association of Kenya Stockbrokers (AK
This is when a creditor or bank has legal claim against assets e.g. shares, which have been used as collateral to secure a loan. The lien terminates as soon as the loan is paid off.
Wide Area Network
This is the trading system software through which stockbrokers are able to access the Nairobi Securities Exchange from their offices to effect trading transactions.
Investor Compensation Fund
This is a special fund that is set aside to compensate investors at the stock exchange who may incur loss due to the inability of a licensed stockbroker to meet his contractual obligations towards them. A certain fraction of all equity transactions at the stock exchange is set aside for this fund.
Overvalued
Shares are said to be overvalued when the current price is not justifiable when measured by such benchmarks like the price to earnings ratio (P/E ratio). These are usually shares which have caught the investors’ fancy resulting in an emotional buying spree.
Coupon
This is the interest rate on a fixed income security e.g. bond, determined upon the issuance of the bond. Coupon also refers to the actual interest payment of the bond to the holder which is normally twice a year for government bonds.
Investor Word
Lien
This is when a creditor or bank has legal claim against assets e.g. shares, which have been used as collateral to secure a loan. The lien terminates as soon as the loan is paid off.
Wide Area Network
This is the trading system software through which stockbrokers are able to access the Nairobi Securities Exchange from their offices to effect trading transactions.
Investor Compensation Fund
This is a special fund that is set aside to compensate investors at the stock exchange who may incur loss due to the inability of a licensed stockbroker to meet his contractual obligations towards them. A certain fraction of all equity transactions at the stock exchange is set aside for this fund.
Overvalued
Shares are said to be overvalued when the current price is not justifiable when measured by such benchmarks like the price to earnings ratio (P/E ratio). These are usually shares which have caught the investors’ fancy resulting in an emotional buying spree.
Coupon
This is the interest rate on a fixed income security e.g. bond, determined upon the issuance of the bond. Coupon also refers to the actual interest payment of the bond to the holder which is normally twice a year for government bonds.