December 23, 2024/CSL Research The equities market closed last week in the green zone, as the All-Share Index (ASI) increased by 176bps week-on-week (w/w) to close at 101,129.09 points. This brought the Year-to-Date (YTD) return of the ASI to 35.25% with gains in four out of five trading sessions for […]
Updates
United Capital Weekly Pan African Monitor Friday 20-December-2024
December 20, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria • Nigeria’s inflation rate rises to 34.6% in November 2024, highest in 28 years Nigeria’s headline inflation rose to 34.60% in November 2024 reflecting a further surge in the costs of goods and services across the country. This is according […]
Statement on Daily Computation of Customer and Broker-Dealer Reserve Requirements under an Amended Broker-Dealer Customer Protection Rule
December 20, 2024/US SEC Under the Broker-Dealer Customer Protection Rule, carrying broker-dealers—i.e., those broker-dealers that maintain custody of customer securities and cash—must have a special reserve bank account that holds “qualified securities” and/or cash in an amount determined by a weekly computation.[1] The idea is that if the broker-dealer fails, […]
