CONTRA-PARTY OR CONTRA-SIDE The municipal securities dealer or customer to whom a person has sold municipal securities or from whom a person has purchased municipal securities.
What is a contra entry?
Feb 09, 2020 · CONTRA-PARTY OR CONTRA-SIDE The municipal securities dealer or customer to whom a person has sold municipal securities or from whom a …
What is an example of contra account?
Nov 19, 2003 · Whereas market makers profit from the bid-ask spreads of the securities they hold in inventory, contra brokers are simply the opposing party to a given broker order. In taking the opposite side of...
What is a contra expense?
Oct 21, 2021 · A contra expense is an account in the general ledger that is paired with and offsets a specific expense account. The account is typically used when a company initially pays for an expense item, and is then reimbursed by a third party for some or all of this initial outlay. For example, a company pays for medical insurance on behalf of its employees, which it …
What does Contra stand for?
What is Contra? The quick answer is, “A lot of fun!” This is what it looks like (More pictures below) (or you can see lots of other dancing on You Tube – …
What is the difference between a broker and a counterparty?
Brokers usually provide more value-added service to their clients, like data/research service, margin service, execution consulting and so on. A dealer, instead, is usually on the other side of the trade and you will be buying or selling with the dealer himself as the counterparty.Nov 20, 2017
What are contra trades?
Contra Trade means a Trade or transaction which involves buying or selling any number of shares of the Company within 6 (six) months of Trading or transacting in an opposite transaction involving selling or buying of the shares purchased or sold, as the case may be.
What is a contra security?
A contra market is a description of an asset or investment that moves against the trend of the broad market. Contra (or contrarian) market securities and sectors tend to have a negative correlation, or weak correlation, with the broader market index and the general economy.
Who is the counterparty in a loan?
Financing Letters has the meaning set forth in Section 5.7. Counterparty means a Participant or a Participant's Account or Customer whose Legal Entity Identifier is reported by BSEF to an SDR as a counterparty to a Trade.
What is contra gain?
Contra Gain (CCG) The purchase order for a counter, which has not been settled yet and is sold by the customer to contra it. The gain between the selling and buying orders is called contra gain (CCG).
What is contra trade Sebi?
With respect to the above, you have stated that "contra trade" is not defined. under the Regulations and would mean (a) selling pledging a security within 6. months of its purchase and (b) buy the same security within 6 months of its. sale.
How do you trade Contra?
All you need to do is to pay the difference so let say you buy a share for $10000 and after that within 3 days, the share raise to $11000 then you sell it off within 3 days too so you make the difference of $1000.Jan 2, 2020
What is contra DBS Vickers?
Contra trading is buying and selling of the counter (within 3 days) to profit from the difference in price. If you own the stock (bought beforehand) and selected 'Contra', it will be the same as selling. However, if you do not own the stock and want to sell, it would be short selling.Apr 16, 2020
What is a derivative counterparty?
Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.
What is the difference between a client and a counterparty?
As nouns the difference between counterparty and client is that counterparty is (finance|legal) the other party to a financial transaction while client is client, customer.
How do you mitigate counterparty risk?
One of the most effective ways to reduce counterparty risk is to trade only with high-quality counterparties with high credit ratings such as AAA etc. This will ensure better CRM and decreasing the chances of future losses. Netting is another useful tool to reduce this risk.
What Is a Contra Broker?
A contra broker is a broker that is taking the opposite side of a transaction initiated by another broker. For example, in a transaction in which a broker wishes to sell securities to another broker, the buyer would be a contra broker for the purposes of that transaction.
Understanding Contra Brokers
Contra brokers should not be confused with market makers. Whereas market makers profit from the bid-ask spreads of the securities they hold in inventory, contra brokers are simply the opposing party to a given broker order.
Real World Example of a Contra Broker
Luke is the managing director of a large brokerage firm. One of his clients wishes to make a large investment in a company with a relatively small market capitalization.
Why is a contra account important?
Contra accounts are used to reduce the original account directly, keeping financial accounting records clean. This allows for the easy determination of historical costs. This is particularly important for contra asset accounts. The difference between an asset's balance and the contra account asset balance is the book value.
What is a contra account?
Key Takeaways. A contra account is an account used in a general ledger to reduce the value of a related account. They are useful to preserve the historical value in a main account while presenting a decrease or write-down in a separate contra account that nets to the current book value. Contra accounts are presented on the same financial statement ...
Who is Alicia Tuovila?
Alicia Tuovila is a certified public accountant with 7+ years of experience in financial accounting, with expertise in budget preparation, month and year-end closing, financial statement preparation and review, and financial analysis. She is an expert in personal finance and taxes, and earned her Master of Science in Accounting at University of Central Florida.
What is a contra liability?
A liability that is recorded as a debit balance is used to decrease the balance of a liability. The balance of a contra liability account is a debit balance. This account decreases the value of the liability. Contra Liability a/c is not used as frequently as contra asset accounts. It is not classified as a liability since it does not represent ...
What is allowance method in accounting?
The allowance method of accounting allows a company to estimate what amount is reasonable to book into the contra account. The percentage of sales method assumes that the company cannot collect payment for a fixed percentage of goods or services that it has sold. Both methods result in an adjustment to book value.
What are the different types of contra accounts?
There are four key types of contra accounts—contra asset, contra liability, contra equity, and contra revenue. Contra assets decrease the balance of a fixed or capital asset, carrying a credit balance. Contra liabilities reduce liability accounts and carry a debit balance.
Can you use the enhanced Contra Facility to pay stamp duty?
However, the refunded CPF monies cannot be used for the payment of stamp duty and conveyancing fees. The ECF is jointly implemented by the CPF Board and HDB.
Can a seller of flat A be bankrupt?
However, your buyer (of Flat A) and the seller (of Flat B) must not have applied for similar contra facilities for their flats. If all the sellers of Flat A are Singapore Permanent Residents (SPRs), they must not be an undischarged bankrupt or have any bankruptcy proceedings against any of them.
Can HDB cancel ECF?
HDB reserve s the right to withhold consent , revoke appro val, vary, or cancel the ECF at any time, if any of these occur: Any of the SPR sellers of Flat A is made a bankrupt or has bankruptcy proceedings commenced against him pending the completion of the two resale transactions.
What is a contra entry?
Definition of Contra Entry. Contra entry refers to transactions involving cash and bank account. In other words, any entry which affects both cash and bank accounts is called a contra entry. Contra in Latin means the opposite. It is more popularly known as contra voucher. To make the definition further simpler, ...
What is petty cash?
It's usual business practice to maintain an account known as ‘Petty Cash’ with a small amount of cash to meet tiny expense such as courier, refreshments, stationeries etc. Whenever such small expenses are to be paid, the petty cash vouchers are used and paid from petty cash.
History
- Origins
The Contras were not a monolithic group, but a combination of three distinct elements of Nicaraguan society: 1. Ex-guardsmen of the Nicaraguan National Guard and other right-wing figures who had fought for Nicaragua's ex-dictator Somoza—these later were especially found i… - Main groups
The CIA and Argentine intelligence, seeking to unify the anti-Sandinista cause before initiating large-scale aid, persuaded 15 September Legion, the UDN and several former smaller groups to merge in September 1981 as the Nicaraguan Democratic Force (Fuerza Democrática Nicaragüe…
Equipment
- AK-47 and AKMassault rifles
- Type 56 assault rifles
- Type 58 assault rifles
- PM md. 63assault rifles
U.S. Military and Financial Assistance
- In front of the International Court of Justice, Nicaragua claimed that the contras were altogether a creation of the U.S. This claim was rejected. However, the evidence of a very close relationship between the contras and the United States was considered overwhelming and incontrovertible.The U.S. played a very large role in financing, training, arming, and advising the c…
Human Rights Violations
- Americas Watch, which subsequently became part of Human Rights Watch, accused the Contras of: 1. targeting health care clinics and health care workers for assassination 2. kidnapping civilians 3. torturing civilians 4. executing civilians, including children, who were captured in combat 5. raping women 6. indiscriminately attacking civilians and civilian houses 7. seizing civi…
Military Successes and Election of Violeta Chamorro
- By 1986 the contras were besieged by charges of corruption, human-rights abuses, and military ineptitude. A much-vaunted early 1986 offensive never materialized, and Contra forces were largely reduced to isolated acts of terrorism. In October 1987, however, the contras staged a successful attack in southern Nicaragua. Then on 21 December 1987, the FDN launched attack…
in Popular Culture
- The Last Thing He Wanted, a journalist for the fictitious Atlanta Post stops her coverage of the 1984 U.S. Presidential election to care for her dying father. In the process, she inherits his posit...
- American Dadreferences the Contras in the episode "Stanny Slickers 2: The Legend of Ollie's Gold"
- The Last Thing He Wanted, a journalist for the fictitious Atlanta Post stops her coverage of the 1984 U.S. Presidential election to care for her dying father. In the process, she inherits his posit...
- American Dadreferences the Contras in the episode "Stanny Slickers 2: The Legend of Ollie's Gold"
- The Americans, the TV series features an episode on KGB agents infiltrating a Contra camp.
- American Made, a film loosely based on Barry Seal's life.
See Also
External Links
- Confessions of a Contra: How the CIA Masterminds the Nicaraguan Insurgency by The New Republic, 5 August 1985
- "The Contras' Valley Forge: How I View the Nicaragua Crisis", by Enrique Bermúdez (with Michael Johns), Policy Review, Summer 1988.
- The Contras and U.S. Funding from the Dean Peter Krogh Foreign Affairs Digital Archives
- Confessions of a Contra: How the CIA Masterminds the Nicaraguan Insurgency by The New Republic, 5 August 1985
- "The Contras' Valley Forge: How I View the Nicaragua Crisis", by Enrique Bermúdez (with Michael Johns), Policy Review, Summer 1988.
- The Contras and U.S. Funding from the Dean Peter Krogh Foreign Affairs Digital Archives
- U.S. Policy Towards the Contras from the Dean Peter Krogh Foreign Affairs Digital Archives