Understanding the Stock Market and Financial Assets
Stock Market
The Stock Market is one where monetary resources are exchanged for financial assets.
Finance Companies (Private Finance) (Variable Debt)
And Company Limited Partnership.
The capital of companies is divided into shares, and each represents a title.
The company may eventually expand the capital that involves a new breed of actions, divided into the old shareholders who have preferential subscription rights to purchase new shares.
You can also issue bonds. Who gets a duty has the right to collect interest for repayment of the amount of the obligation in the period fixed.
Public Financing (Fixed Debt)
Financial products offered by the Spanish state are public debt and the components:
Treasury Bills: Short-term government debt issued at a discount. The emission limits are 12 and 18 months.
Bonds: This is a maturity value of the medium to long term, and government bonds are issued for terms of between two and five years.
Obligations of the State: Value of government debt issued by the State annual explicit, issued for a term exceeding five years.
Rights (Public and Private Debt)
- Right to recovery of interest under the terms of issue
- Right to repayment of the principal loan amount in the stipulated time
- Right to free transferability of title
Duty
- Obligation to pay the amount of the title
Equity Financial Assets (Private Debt)
Are those that vary, gains or losses.
Shares are securities representing the capital of a society.
Types of Capital Contribution
- Ordinary: The action is acquired by purchase of currency
- Own: Consideration of a contribution by species
- Released: Issued under reserve.
By Ownership
- Registered: Name of the owner will
- Bearer: Who holds the action
Inherent Rights of Action
- Regular: Those who have no special right
- Preferred: Actions that involve some kind of privileged
Rights Actions
- Right to participate in the profit share on each share, Active Dividend
- Heritage Law in the event of liquidation of the company
- Preferential right to subscription of new shares
- Right to participate in the management of the company, shareholders meeting
- Free transfer of securities
Duties
- Obligation to pay the amount required at any time.
- Passive Dividend
Classification of Financial Market
- Primary market: Where is issued for the first placement of a document drawn up
- Secondary Market: Where do the resale of shares already issued.
- Stock Exchange
- Public Debt Market
Spanish Stock Market
Autonomous Bodies
- Bank of Spain
- The National Commission for Securities Market
- General Directorate of Insurance
The National Commission of Securities Market
Features:
- Supervises and inspects
- Disseminates information
- Ensure
- Advice on securities market
- Promotes measures or provisions on the stock market
Companies and Brokers
Companies that buy and do while intermediaries on our purchases.
- Society may purchase securities on own account or on behalf of another
- Agency Securities may only be purchased on behalf of another
The Stock Market
Official market where buy and sell tradable.
Rector Society: Legal form of corporations
Market Rates
- Rodolico Market: On the verge of closing
- Continuous Market: More current and more used
The Spanish index is called IBEX-35, which includes the 35 most important values.
The Index was called:
- Dow Jones, United States
- Dax, Germany
- Nikkei, Japan
Investment Funds
Assets are constituted by the contributions of many investors. That means a certificate of participation given a management company responsible for managing a depository institution.
- Participate: Natural or legal person providing the funds investment
- Management Company: Administers and manages assets and investment funds
- Depository Institutions: Bank or cash which is deposited securities or investment funds.
- Participation: Unit calculation of the contribution of each of the participants.
Classification of Funds
- Fund long-term treasury
- Fund short-term treasury
- Fixed media
- Environment Variable
- Bonds
- Equities
- Guaranteed