Keeping account

Article Abstract:

Nominee accounts are becoming increasingly common in Britain, and they may be imposed by stockbrokers, who set up the accounts as a company to hold stocks for investors. Investors in investment trusts and individual savings accounts use these accounts. Not all company benefits are available to investors who own their stocks indirectly through nominee accounts, though this is changing. Investors should also assess their position if the company were to go bankrupt.

---

Know your limits

Article Abstract:

Stockbrokers may be slow to answer calls due to high levels of demand from clients. The rise in trading activity has meant that greater attention has been paid to settlement and credit terms. One broker, Saga, combines current transactions when caluclating trading limits, though limits are more generous for the company's Frequent Trader service. Brokers tend to show greater leniency toward holders of nominee accounts. A fixed five-day settlement is used by nearly all online brokers.

---

Plug in and deal

Article Abstract:

Internet dealing in stocks is a new development for United Kingdom investors and they tend to prefer to use the internet to monitor stock prices rather than to deal. Online dealing could become more popular as ownership of computers increases. Investors need to register with internet dealing providers which are linked to online brokers. They then need to open an account with such brokers in order to start trading online. This allows investors to trade at any hour of the day.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Securities dealers, Online services, Internet services

Similar abstracts:

• Abstracts: The web's the limit. Instant execution
• Abstracts: Taxing times for Isa investors. Swings and roundabouts. Getting in lane
• Abstracts: Swimming with sharks. US: bull's endgame. Perpetual motion
• Abstracts: Investing in the land of plenty. Still vulnerable. Dragons apparent
• Abstracts: The A-Z of buying shares. Share and share not alike

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.