Auction Rate Security (ARS).

An auction rate security (ARS) is a debt instrument with a variable interest rate that is reset at periodic intervals through a dutch auction. The interest rate on an ARS is determined by the interaction of supply and demand in the auction. Investors looking to purchase an ARS submit bids at various interest rates, with … Read more

What is a double operation?

A double transaction, also known as a simultaneous transaction, is made up of two sales linked in opposite directions. That is, they are hired at the same time but have moments of liquidation different. For the client who buys the securities in the first transaction of the double operation, it is then a temporary acquisition, … Read more