-
1 institutional changes
Дипломатический термин: институциональные изменения в экономике -
2 institutional changes
Англо-русский дипломатический словарь > institutional changes
-
3 institutional changes
English-russian dctionary of diplomacy > institutional changes
-
4 институционные изменения
institutional changesБольшой англо-русский и русско-английский словарь > институционные изменения
-
5 change
-
6 client
сущ.1)а) эк. клиент (покупатель услуг адвоката, нотариуса, аудитора, страхового брокера и т. п.)law firm’s client — клиент адвокатской конторы
client of Mr. Ruben — клиент г-на Рубена
See:б) эк. клиент, покупатель, заказчик ( покупатель продуктов компании)We take pride in the fact that we continue to provide our clients with products made from the highest quality ingredients the market has to offer. — Мы гордимся тем, что продолжаем обеспечивать своих покупателей товарами, произведенными из самых качественных ингредиентов, какие только есть на рынке.
ATTRIBUTES: business 4) а), institutional 1) а), potential, profitable 1) а)
Syn:See:advertiser client, business client, corporate client, factored client, institutional client, potential client, profitable client, client account, client advertiser, client base, client confidence, client executive, client group 1), client liaison, client relationsв) общ. постоялец ( в гостинице)2) комп. клиент (компьютер, подключенный к компьютерной сети)A client is a computer system that accesses a (remote) service on another computer by some kind of network. — Клиент — это компьютерная система, которая имеет (удаленный) доступ к другому компьютеру через какую-либо сеть.
3) соц. лицо, живущее на пособие; пенсионер; клиент системы социального обслуживанияVarious time limits, rule changes and benefit reductions have been justified as "incentives" for welfare clients to find paid jobs. — Различные ограничения по продолжительности предоставления пособий, изменения правил их получения и снижение их размеров были обоснованы как "стимулы", призванные подтолкнуть получателей социальных пособий к поиску оплачиваемой работы.
See:4) общ., ист. клиент (в Древнем Риме: плебей, пользовавшийся покровительством патрона-патриция)5)а) пол. зависимое государство, государство-клиент, сателлитthe former Soviet Union and its clients in the Middle East — бывший СССР и его сателлиты на Ближнем Востоке
Syn:client country, client stateSee:client group 2)б) соц. клиент ( одна из сторон в патрон-клиентской модели отношений)See:
* * *
клиент: лицо, пользующееся услугами другого лица или агента, а также покупающее его товары.* * *заказчик, рекламодательтермин, которым рекламное агентство и средства распространения рекламы обозначают рекламодателя, заказ которого выполняется-----Банки/Банковские операциисм. consignor -
7 soft dollaring
See:Another reason managers are interested in controlling client commissions deserves special attention. "Soft dollaring" has got to be one of the most misunderstood and controversial practices in the money management business. The very term "soft dollars" suggests something shady and conjures up images of money exchanging hands in dark alleyways. Among laymen, soft dollars may be confused with "soft money" political contributions. There is a thin connection between "soft dollars" and "soft money." Since brokerage firms are not subject to the same rules pertaining to political contributions as municipal underwriting firms, large "soft money" contributions from owners of brokerage firms do find their way into politicians' coffers more easily than contributions from underwriters. However, it is important to not confuse the two terms.So what is "soft dollaring?" Soft dollaring is the practice whereby money managers use client brokerage commissions to purchase investment research. When a manager pays for products or services with his own money, directly from the research provider, this is referred to as "hard dollars." Payment with client commissions, financed through a brokerage firm, is referred to as "soft dollars." Through soft dollar arrangements money managers are permitted to shift an expense related to the management of assets they would otherwise have to bear, onto their clients. The amount of this research expense the money management industry transfers onto its clients is in the billions annually. As a result, any analysis of the economics of the money management industry should include the effects of soft dollaring; however, we are unaware of any that has. In the institutional marketplace, strange as it may seem, it is possible for a money manager to profit more from soft dollars than from the negotiated asset management fee he receives.The general rule under the federal and state securities laws is that a fiduciary, the money manager, cannot use client assets for his own benefit or the benefit of other clients. To simplify matters greatly, soft dollaring is a legally prescribed exception to this rule. Congress, the SEC and other regulators have agreed that as long as the research purchased assists the manager in making investment decisions, the clients benefit and its legally acceptable. A tremendous amount of strained analysis has gone into the precise policies and procedures that managers must follow in purchasing research with client commission dollars. Over the years a distinction has been made between "proprietary" research or in-house research distributed to brokerage customers without a price tag attached and "independent third-party" research or research written by a third party and sold to managers at a stated price. Third party research has been most frequently criticized because its cost is separately stated and the benefit to managers most obvious. In this latter case, a breach of fiduciary duty seems most glaring. However, it is well known that proprietary research, offered for "free, " is produced to stimulate sales of dealer inventory. So presumably this research lacks credibility and is less beneficial to clients. There have been distinctions drawn between products and services, such as computers, which are "mixed-use, " i.e., which may serve dual purposes, providing both research and administrative uses. An adviser must make a reasonable allocation of the cost of the product according to its uses, the SEC has said. Some portion must be paid for with "hard" dollars and the other with "soft." There are several articles in our Library of Articles that describe soft dollar practices, rule changes and our proposal to Chairman Levitt to reform the soft dollar business.The issue that soft dollaring raises is: when is it acceptable for a manager to benefit from his client's commissions? For purposes of this article we would like to introduce a new and more useful perspective for pensions in their analysis of soft dollars or any other brokerage issue. That is, all brokerage commissions controlled by managers, benefit managers in some way. Brokerage decision-making by managers rarely, if ever, is simply based upon what firm can execute the trade at the best price. Brokerage is a commodity. Almost all brokerage firms offer reasonably competent, "best execution" services. If they didn't, they'd get sued and soon be out of business. Most savvy brokerage marketers don't even try to differentiate their firms with long-winded explanations about best-execution capabilities. Best execution is a given and impossible to prove. If you want to understand how your money manager allocates brokerage, study his business as a whole, including his marketing and affiliates-not just the investment process.The new English-Russian dictionary of financial markets > soft dollaring
См. также в других словарях:
Institutional Animal Care and Use Committee — Institutional Animal Care and Use Committees are of central importance to the application of laws to animal research in the United States. Most research involving laboratory animals is funded by the United States National Institutes of Health or… … Wikipedia
Institutional logic — is a core concept in sociological theory and organizational studies that focuses on how broader belief systems shape the cognition and behavior of actors (see Friedland Alford, 1991; Lounsbury, 2007; Thornton, 2004). Friedland and Alford (1991:… … Wikipedia
Institutional review board — An institutional review board (IRB), also known as an independent ethics committee (IEC) or ethical review board (ERB) is a committee that has been formally designated to approve, monitor, and review biomedical and behavioral research involving… … Wikipedia
UNICA - The Institutional Network of the UNIversities from the CApitals of Europe — sprotect2The Institutional Network of the UNIversities from the CApitals of Europe [http://www.unica network.eu] , or UNICA, is a network of 41 universities, gathering main Universities located in the European capitals. It was founded in 1990 on… … Wikipedia
Spotlight: Mexico, the Painful Changes — ▪ 1996 Rarely had a country turned from a showcase into a basket case in such a short period of time. At the end of 1993, after signing the North American Free Trade Agreement (NAFTA), Mexico seemed strong, stable, and poised to enter the… … Universalium
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast … Universalium
Italy — /it l ee/, n. a republic in S Europe, comprising a peninsula S of the Alps, and Sicily, Sardinia, Elba, and other smaller islands: a kingdom 1870 1946. 57,534,088; 116,294 sq. mi. (301,200 sq. km). Cap.: Rome. Italian, Italia. * * * Italy… … Universalium
European Union — 1. an association of European nations formed in 1993 for the purpose of achieving political and economic integration. Formerly known as the European Economic Community, the European Union s member states are Austria, Belgium, Denmark, Finland,… … Universalium
Roberto Mangabeira Unger — Full name Roberto Mangabeira Unger Born March 24, 1947 Era Late 20th Century, Early 21st Century Main interests … Wikipedia
