Layout
TXL Data organises its ASX database into the folders comprising of the
following security types. A description of each security type is below
the table. Only those securities in your subscription packages will be
updated.
| SGX Subfolder |
Security Types |
| Equities |
Ordinary Shares
Rights & Entitlements
Exchange Traded Fund Units |
| Indices |
Indices |
| Loans and
Debentures |
Warrants Bonds (Loan Security) Debentures |
|
Folder Layout |
Top |
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In addition to the Equities, Indices and Loans &
Debentures folders, TXL Data users can elect to use the
Custom Folders to
create their own folders which are updated and maintained at the same time
as the other folders. |
Ordinary Shares - equivalent to "Common Stock" in the U.S. -
the most common form of share ownership. Ordinary shareholders are part-owners
of a company. They have voting rights and are entitled to dividends out of
company profits, although preference share-holders are always paid first.
Ordinary shareholders also rank behind preference shareholders and secured
creditors in claims to a company's remaining capital in the event of
liquidation.
Rights & Entitlements - new shares made available to existing shareholders for
purchase, the number of shares being in proportion to the current holding. The
new shares are often issued at a discount to the current price. A rights issue (renounceable)
may be on-sold by an existing holder but an entitlement issue (non-renounceable)
must be either taken up or allowed to lapse.
Company Options - securities issued by a company, which bind it to issue shares
to the option-holder at a certain price (and at a certain time) if the holder
chooses to take up those shares.
Exchange Traded Fund Units - hybrid securities that trade on the SGX equities
market. An ETF is a managed index fund whose units trade like ordinary shares.
ETFs offer direct and convenient exposure to the performance of an index like
the Straits Times Index.
The SGX Indices are a summary of a basket of stocks often
based on industry groupings, capitalisation and eligibility for certain types of
trading. The most well known index in Singapore is the Straits Times Index which
measures the top 45 stocks by market capitalisation & volume.
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Loans and Debentures |
Top |
Warrants - Option-like securities that are traded on the
SGX's equities market. Warrants are issued by approved financial institutions
rather than granted by individuals operating through a derivatives exchange
mechanism. They may be issued over company shares, indices, currencies or
commodities. Generally-speaking, warrants have a much longer life-span than
options.
Bonds - A form of debt security issued by large corporations and governments to
raise funds from investors to finance projects or business ventures. The bond
issuer will pay the investor or bondholder a fixed rate of interest over the
life of the bond in exchange for the use of the money. The principal amount of
the loan is repaid at maturity.
Debentures - A form of unsecured bond. Debentures bear a fixed rate of interest
and the capital sum is normally repayable within a fixed term.
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