Monday, June 17, 2019

bulletin board stock/ repo rate

bulletin board stock
The stock of a publicly owned company that is traded on the Over-The-Counter Bulletin Board system (OTCBB). Although bulletin board stocks are not required to meet minimum financial requirements or a threshold of trading volume, they are required to file financial reports with the Securities & Exchange Commission (SEC) or other Self Regulatory Organizations (SRO). A bulletin board stock can be identified by the ".OB" suffix on its stock symbol. For example: ONEV.OB is the symbol for One Voice Technologies, Inc., which is traded on the OTC market.

Read more: http://www.businessdictionary.com/definition/bulletin-board-stock.html


repo rate
The discount rate at which a central bank repurchases government securities from the commercial banks, depending on the level of money supply it decides to maintain in the country's monetary system. To temporarily expand the money supply, the central bank decreases repo rates (so that banks can swap their holdings of government securities for cash). To contract the money supply it increases the repo rates. Alternatively, the central bank decides on a desired level of money supply and lets the market determine the appropriate repo rate. Repo is short for repossession.

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