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 (AKS)
This is the right but not the obligation to buy or sell a specific amount of shares at a specified price at a specified time. A call option gives the right to buy shares whereas a put option gives the right to sell shares. Each option has a buyer called the holder, and the seller called the writer.
Discretionary Account
This is an account that an investor opens with a stockbroker that authorizes the stockbroker to buy or sell shares or any other securities he may select at his discretion on behalf of the investor.
Screening Shares
This is the process of looking for shares which meet a certain predetermined financial and investment criteria, such as P/E ratio, yield etc.
Treasury Bond (T-Bond)
A treasury bond is a fixed interest debt obligation with a maturity of one year or more issued and fully guaranteed by the Kenyan Government, payable to the bearer. Treasury bonds pay a fixed interest every six months called the coupon.
Basis Point
One hundredth of a percentage point. Example; the difference between 4.50% and 4.75% is 25 basis points.
Investor Word
Option
This is the right but not the obligation to buy or sell a specific amount of shares at a specified price at a specified time. A call option gives the right to buy shares whereas a put option gives the right to sell shares. Each option has a buyer called the holder, and the seller called the writer.
Discretionary Account
This is an account that an investor opens with a stockbroker that authorizes the stockbroker to buy or sell shares or any other securities he may select at his discretion on behalf of the investor.
Screening Shares
This is the process of looking for shares which meet a certain predetermined financial and investment criteria, such as P/E ratio, yield etc.
Treasury Bond (T-Bond)
A treasury bond is a fixed interest debt obligation with a maturity of one year or more issued and fully guaranteed by the Kenyan Government, payable to the bearer. Treasury bonds pay a fixed interest every six months called the coupon.
Basis Point
One hundredth of a percentage point. Example; the difference between 4.50% and 4.75% is 25 basis points.