Worthless Security Booking Out

From Open Risk Manual

Definition

Worthless Security Booking Out. Booking out of some worthless security by the Issuer.

SWIFT:"Booking out of valueless securities."


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.