This question was closed without grading. Reason: Errant question
Aug 11, 2008 15:12
16 yrs ago
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English term
stick position
English to French
Bus/Financial
Finance (general)
Equity Market Risk
"Stick positions in hard underwritten transactions should be notified to Global Market Risk and copied to the local credit function for information"
from a Bank's Functional Instruction Manual
Des positions fermes?... mais j'ai déjà traduit "hard" par "ferme"...
from a Bank's Functional Instruction Manual
Des positions fermes?... mais j'ai déjà traduit "hard" par "ferme"...
Proposed translations
(French)
| 3 | position en action |
Arnold T.
|
References
| THE INDEPENDENT Overnight relief at tra... |
kashew
|
Proposed translations
10 hrs
position en action
Typo : stick s/b stock !
Reference comments
9 mins
Reference:
THE INDEPENDENT
Overnight relief at trading news from Citi had that morning boosted the whole banking sector, so the HBOS share price briefly broke back through the rights issue price. In order to satisfy market demand for the stock, most of it from hedge funds looking to close out their own short positions, Morgan Stanley itself shorted the shares knowing full well the positions would be covered by the underwriters' STICK.
Overnight relief at trading news from Citi had that morning boosted the whole banking sector, so the HBOS share price briefly broke back through the rights issue price. In order to satisfy market demand for the stock, most of it from hedge funds looking to close out their own short positions, Morgan Stanley itself shorted the shares knowing full well the positions would be covered by the underwriters' STICK.
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