term "issue" is derived from the French word émission, which means "release".Indeed, the issue - a procedure performed by the issuer on the issuance of securities and banknotes.
emission of money is of two types: non-cash and cash.The increase in the money supply deals with the state on behalf of the Central Bank.One-time he releases into circulation certain amount of banknotes cash.Money creation is conducted according to certain principles.
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issued notes not backed by gold.
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In Russia, the ruble - the only legal means by which to make payments.
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release, the organization of circulation, removal of the money supply is carried out only by the Bank of Russia.
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decision to issue, use and withdrawal of money in Russia will only accept the Board of Directors of the Bank of Russia.
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old banknotes can be exchanged for new ones without limitation of the amount.Such an exchange of money can not last for less than 1 year, or more than 5 years.
Non-cash issue - is the creation of banks deposits and credit lines.This kind of issue of money can deal with not only the Central Bank, and commercial banks.They can increase the volume of granted loans if their deposit accounts and reserves are growing.This process of creating a non-cash credit is called animation.By its volume of cashless emission considerably exceeds the issue of cash bills.
Abroad emissions - is the process of release of the money supply by central banks and the Treasury.Banks create non-cash assets - bank notes.Treasury busy release small coins and treasury notes.
issuers can place their equity securities (all shares, one-time bonds, financial notes) in the stock markets.Emission - is a complex and expensive process.Therefore, the grounds on which an increasing number of these documents have to be very significant.The main objectives of the issue may be:
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securities created during the formation of the company to create authorized capital.
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Increase in share capital of, or borrowing nezaemnyh investors.
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reorganization of Open Joint Stock Company or the creation of several of its entities.
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split or consolidation already placed securities.
Decisions to conduct emissions adopted by the issuer on the basis of the analysis of the conjuncture of the stock market.We estimate the attractiveness of investing.Calculate the cost of the event, whether the issue is beneficial.Determination of the bond, shape, and their nominal amounts are needed for these calculations.
After deciding company issuing securities registers in government bodies at the place of work.The organization makes copies of constitutive documents, an application for registration of the established sample, the decision to hold emissions.Registration authorities, as appropriate, may require prospectuses, executive decision on the issue of documents.
placement of equity securities begins 2 weeks after the announcement of their release and lasts less than a year.Information on the value of shares or bonds is disclosed in the day of their treatment.Results on sales of equity securities are published in the media.A month after the completion of the registering authority shall report on the outcome of the event.
