Canadian Securities Course (CSC)
What is the Canadian Securities Course (CSC)? The Canadian Securities Course (CSC) is the first requirement for becoming a registered investment representative in Canada, which applies to some corporate finance careers. Passing the CSC requires writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course. It’s recommended...
Asset Class
What is an Asset Class? An asset class is a group of similar investment vehicles. Different classes, or types, of investment assets – such as fixed-income investments – are grouped together based on having a similar financial structure. They are typically traded in the same financial markets and subject to the same rules and regulations....
Proprietary Trading
What is Proprietary Trading? Proprietary Trading (Prop Trading) occurs when a bank or firm trades stocks, derivatives, bonds, commodities, or other financial instruments in its own account, using its own money instead of using clients’ money. This enables the firm to earn full profits from a trade rather than just the commission it receives from processing...
Primary Market
What is the Primary Market? The primary market is the financial market where new securities are issued and become available for trading by individuals and institutions. The trading activities of the capital markets are separated into the primary market and the secondary market. Image from CFI’s Corporate Finance Fundamentals Course. The primary market is where companies...
Fixed Income Glossary
Fixed Income Glossary This fixed income glossary covers the most important bond terms and definitions required for financial analysts. These terms are covered in detail in CFI’s Fixed Income Fundamentals Course. Annuity An annuity is a series of payments in equal time periods, guaranteed for a fixed number of years. Arithmetic Mean An average calculated...
