To reduce the risk of runs in derivatives markets, regulators around the world are poised to require that derivatives trades be carried out through clearinghouses or exchanges. The clearinghouses will have many advantages, but not as many as regulators might think.

Moreover, the issuance and trading of derivatives ought to be at least as strictly regulated as that of stocks. Regulators should insist that traded derivatives are homogenous, standardized, and transparent.

The regulators are focusing on an important feature of derivatives contracts that allows the derivatives industry to close out their dealings abruptly with a financially distressed entity, thereby making the institution incapable of recovering. Other creditors typically cannot do that in a US bankruptcy, for example, they must first wait for a court to decide whether the debtor company can be restructured.

That was, of course, the birth of the Chicago Board of Trade, which is the most famous commodity exchange in the world.

China's Dalian Commodity Exchange, three years ago, 2004, overtook the Chicago Board of Trade to become the second largest commodity exchange in the world.

PARIS In the early phases of the financial crisis, it was fashionable to argue that the United States system of regulation needed a fundamental structural overhaul. Differences of opinion between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) had obstructed effective oversight of investment banks and derivatives trading (only the US believes that it makes sense to regulate securities and derivatives separately).

(a) Transactions on a regulated exchange

(b) Transactions on a regulated exchange

Third, the interaction between the shadow banking system and the global banks is highly concentrated, because the global banks act as prime brokers, particularly for derivative trades. Data from the US Comptroller of Currency suggest that the top five US banks account for 96 of the total over the counter (OTC) derivative trades in the US.

Another initiative worth watching is the Hong Kong stock exchange s exploratory project to offer a trading platform for emissions derivatives, which will most likely include conventional pollutants as well as carbon. The exchange will undertake a study this summer, with trading to begin as early as 2008.

Islamic Chamber of Commerce and Industry

dopewars drug dealing game

Indeed, the European Commission estimates that its proposed tax of only 0.1 on stock and bond trades, and 0.01 tax on derivatives, will raise more than 50 billion per year. As a bonus, an FTT will curb destabilizing speculation in financial markets.

It's like a drug deal.

Al makes all the deals, doc.

(k) Financial contract means any spot, forward, future, option or swap transaction involving interest rates, commodities, currencies, equities, bonds, indices or any other financial instrument, any repurchase or securities lending transaction, and any other transaction similar to any transaction referred to above entered into in financial markets and any combination of the transactions mentioned above

Each of these commodities is an important input for major corporations. Surely there is at least as much natural demand for commodity bonds as there is for credit default swaps and some of the bizarrely complicated derivatives that are currently traded!

A genuine futures market on single family homes has not been attempted since 1991 when the London Futures and Options Exchange (now merged into Euronext.liffe) failed in its effort to launch such a market in Britain. That attempt never generated much trading volume.

(4) As regards tradable financial assets, it is required to separately list the beginning of period and end of period fair value of tradable bond investment, tradable equity instrument investment, financial assets which are specified to be measured on fair value and whose fluctuations are included in the current profits and losses, derivative financial assets and other tradable financial assets.

...we outfitted with all kinds of trade goods...

So called transactional sex describes a range of sexual interactions women may enter into in which sex is  bartered in return for goods.

The calculation formula of the aforesaid average trading price is the average trading price of the company s stocks over the 20 trading days prior to the day of the public announcement total trading amount of the company s stocks over the 20 trading days prior to the day of the public announcement total trading volume of the company s stocks over the 20 trading days prior to the day of the public announcement.

Owner of the Congocom comptoir, specializing in gold transactions

The Chicago Board of Trade was established then for precisely the same reasons that our farmers today would benefit from a commodity exchange.

Steven Levitt analyzes crack economics

For turning my back on dope traffic and prostitution.

Yet, the illicit production, trafficking and consumption of narcotic drugs had been escalating steadily.

(13) As regards tradable financial liabilities, it is required to separately list the beginning of period and end of period fair value of offered tradable bonds, financial liabilities which are specified to be measured on fair value and whose fluctuations are included in the current profits and losses, derivative financial liabilities and other tradable financial liabilities.

Transactions by Category

Transaction is missing a category assignment.

Well, sir, as to that...

Chapter 2 of the Law on the Fight Against Legalizing the Illegal Income and Financing of Terrorism covers all kinds of transactions, cash and non cash, both cross border and domestic.

The vicious cycle of the production of and illicit trafficking in drugs would be broken only if the question of the economic recovery and development of producer countries was given the attention it deserved throughout the United Nations system.

(a) Whether it is applicable to all transactions in goods and services and, if not, which transactions are excluded

whether it is applicable to all transactions in goods and services and, if not, which transactions are excluded

The quoted prices in the active market refer to the prices, which are easily available from the stock exchanges, brokers, industry associations, pricing service institutions and etc. at a fixed term, and which represent the prices at which actually occurred market transactions are made under fair conditions.

According to the data of the World Federation of Exchanges, the total market value, the secondary market transaction volume, and IPO financing amount of the Shanghai Stock Exchange rank fourth, fifth, and second respectively in the world's exchanges.

B. Business transaction or course of dealing

Number of transactions remaining

Studies had shown that 70 to 75 per cent of the drugs seized were simply being shipped through Algeria and that, although local use and illegal drug trafficking within the country involved mainly drugs of natural origin (cannabis and its derivatives), the use of psychotropic substances was increasing.

A single system for all trading improves trader productivity and performance by giving better access to liquidity pools through electronic communication networks and reduces trade failures through improved, straight through processing facilities.

Tax Transactions by Category

Business transaction or course of dealing

They get the name of the gang behind them, for merchandising and marketing.

(b) If there exists substantiated evidence of influence from proceeds resulting from internationally recognized criminal activities such as the illicit drugs trade, money laundering or the illegal arms trade