Where can i get information on following terms used in STOCK MARKET ?
Book Closure, Ex Date, Record Date, NDP- ( No Delivery Period ) , etc
And if any one really knows in detail about all this , can plz tell me how these Terms are useful while trading in Share market ? Benifits and Losses of Trading in these periods...
The period during which a company will not entertain any requests for transfer of shares from current owner to new owner. This is done to finalise the list of shareholders to transmit/ issue the benefits of ownership such as dividends and bonus shares.
The date on which an individual must own shares in order to be eligible for receiving a declared dividend or any other corporate benefit.
A one- to three-week period prior to book closure or the record date during which delivery of shares does not take place in order to give investors time to get shares transferred to their names before the specified date. During this period, trading in the scrip goes on, but the delivery is effected only at the end of the no-delivery period (after the book closure/record date).
Ex date refers to the date after which the share will not ...more