Floating securities

Securities bought in a broker's name and resold quickly to attain a profit in a short amount of time.

Floating Security

1. See: Floater.

2. A security that a broker buys in his/her own name on behalf of a client. The floating security is held in the broker's name to make it easier to sell quickly if need be. See also: Beneficial ownership, Safekeep.

Mentioned in ?

Floating Security

References in periodicals archive ?

The collateral manager can also enter into asset specific hedges with the effect of categorizing fixed securities as deemed-floating securities or floating securities as deemed-fixed securities while remaining within the transaction's covenanted fixed/floating collateral parameters.

Fitch Rates Huntington CDO, Ltd./Inc. 'AAA/AA/BBB'

The collateral advisor can also enter into asset-specific hedges with the effect of categorizing fixed securities as deemed-floating securities or floating securities as deemed-fixed securities while remaining within the transaction's covenanted fixed/floating collateral parameters.