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Stock exchange lexicon letter I

Stock exchange tax:

The stock exchange tax for the higher orders than 7830 euros is abolished with counted of January 1st, 2008.

The stock exchange tax, was a tax taken directly at the time of the transaction with the brokerage fee, if this transaction exceeded the threshold of 7623 euros.

 

- transaction ranging between 7.830 and 857 446 euros: 0.3% of the amount of the transaction.

- higher transaction or equalizes with 857 446 euros: 0.15% of the amount of the transaction, reached a ceiling with 610 euros.

 

Institutional investors:

The institutional investors are the largest operators out of Stock Exchange: Case of the Depositions, insurance companies, mutual insurance companies, manager of SICAV and mutual fund, manager of the pension funds American and English.

 

Initiates:

Natural persons or society profiting, from their function or their activity, of confidential informations. They fall under the blow from an insider trading if this information is used out of Stock Exchange.