SAAC
Securities Analysts Association of China
SAC
Securities Association of China
SAFE
State Administration of Foreign Exchange【Mainland China】
SASAC
State-owned Assets Supervision and Administration Commission
SBLA
securities borrowing and lending agreement
SCCLR
Standing Committee on Company Law Reform
SCEFI
Steering Committee on the Enhancement of Financial Infrastructure
SCORE
Stock Options Reference Educator
SCP
Self Clearing Participant
SEAQ
Stock Exchange Automated Quotations System【UK】
SEAQI
Stock Exchange Automated Quotations System for International Equities【UK】
SEATS
Stock Exchange Alternative Trading Service【UK】
SEC
Securities and Exchange Commission【US】
Second Board
See Growth Enterprise Market
Secondary market
When stocks or bonds are traded or resold, they are said to be sold on a secondary market. The majority of all securities transactions take place on a secondary market.
Securities
A general term applied to all shares, debentures, notes, bills, government and semi-government bonds etc.
Securitization Ratio
This ratio compares a country or region’s stock market capitalization to the GDP in that country or region. It’s a measure of development of a country or region’s stock market.
SEHK
Stock Exchange of Hong Kong Limited
SEIS
Stock Exchange Information Services Limited
Self-Regulation
The way in which the securities industry monitors itself to create a fair and orderly trading environment.
SEOCH
SEHK Options Clearing House Limited
SESDAQ
Stock Exchange of Singapore Dealing and Automated Quotation System
Settlement
The conclusion of a transaction in which parties pay for securities purchased and take delivery of securities sold.
SFAT
Securities and Futures Appeals Tribunal
SFC
Securities and Futures Commission
SGX
Singapore Exchange
Shanghai Composite Index
The Shanghai Composite Index is made up of the weighted share prices of all the listed companies in Shanghai stock market. Established by the Shanghai Stock Exchange (SSE) at 100 points in December 1990, it is the predominant measure of the overall performance of the Shanghai stock market. The companies are weighted according to their size in terms of market capitalization (total market value of a company’s shares).
Shanghai Stock Exchange
Established in November 1990 as a non-profit organization, and regulated by the China Securities Regulatory Commission. Traded securities include A share, B share, bond and fund. Settlement is 1 day. Settlement is in one day. Trading hours are 9:30 A.M. to 11:30 A.M. and 1 P.M. to 3 P.M., Monday through Friday.
Shares
Shares represent part-ownership in a company. They can be ordinary shares, preference shares or partly-paid (contributing) shares.
Shenzhen Stock Exchange
Established in July 1991 as a non-profit organization, and regulated by the China Securities Regulatory Commission. Traded securities include A share, B share, bond and fund. Settlement is in one day. Trading hours are 9:30 A.M. to 11:30 A.M. and 1 P.M. to 3 P.M., Monday through Friday.
Shibor
Shanghai Interbank Offered Rate (Shibor) is a benchmark interest rate system for China’s money market.
Short Sale
A transaction by a person who believes a security will decline and sells it, though the person does not own the security. For instance: You instruct your broker to sell 100 shares of XYZ. Your broker borrows the stock so delivery of the 100 shares can be made to the buyer. The money value of the shares borrowed is deposited by your broker with the lender. Sooner or later you must cover your short sale by buying the same amount of stock you borrowed for return to the lender. If you are able to buy XYZ at a lower price than you sold it for, your profit is the difference between the two prices - not counting commission and taxes. But if you have to pay more for the stock than the price you received, that is the amount of your loss. Stock exchange and federal regulations govern and limit the conditions under which a short sale may be made on a national securities exchange. Sometimes people will sell short a stock they already own in order to protect a paper profit. This is known as selling short against the box.