PORTAL Market

PORTAL Market
USA
PORTAL Market, Also referred to as PORTAL.
The PORTAL Market is a fully electronic, web-based closed trading system operated by NASDAQ. It facilitates the designation, negotiation and trading of unregistered equity, derivative and debt securities eligible to be resold under Rule 144A. Historically, the PORTAL security designation was important because it allowed for book entry clearing and settlement through the Depository Trust Company (DTC) As of 2009, DTC no longer requires a Rule 144A security to be PORTAL-designated for DTC eligibility. However, the liquidity of a PORTAL-designated Rule 144A security remains important for market participants.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • PORTAL — I noun access, aperture, approach, corridor, door, doorway, entrance, entranceway, entry, gate, gateway, ingress, inlet, means of access, opening, passageway, postern, pylon II index admittance (means of approach), entrance, margin (outs …   Law dictionary

  • Market Harborough railway station — Market Harborough Platforms 1 and 2 at Market Harborough station, taken on 30 September 2005 …   Wikipedia

  • Market Rasen railway station — Market Rasen Market Rasen railway station in 2003 …   Wikipedia

  • Market Weighton railway station — Market Weighton Location Place Market Weighton Area East Riding of Yorkshire Coordinates …   Wikipedia

  • Market Street Halt railway station — Market Street Halt Location Place Kidsgrove, Staffordshire Area Newcastle Under Lyme Grid reference …   Wikipedia

  • Market risk — Categories of financial risk Credit risk Concentration risk Market risk Interest rate risk Currency risk Equity risk Commodity risk Liquidity risk Refinancing risk …   Wikipedia

  • Market Street Metrolink station —  Market Street Manchester Metrolink …   Wikipedia

  • Market–Frankford Line —      Market–Frankford Line Market–Frankford Line train departing 52nd Street stati …   Wikipedia

  • Portal:Libertarianism — Wikipedia portals: Culture Geography Health History Mathematics Natural sciences People Philosophy Religion Society Technology …   Wikipedia

  • Market Square, Knoxville — Market Square Commercial Historic District U.S. National Register of Historic Places U.S. Historic district …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”