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Formula Basis

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Formula basis
A method of selling a new issue of common stock in which the SEC declares the registration statement effective on the basis of a price formula rather than on a specific range.

Formula Basis
A way to make a new issue of common stock in which the SEC approves the determination of the initial price according to a certain, stated formula.


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net (Staff Writer) CME Group has launched trading and clearing services for three new Argus Sour Crude Index (ASCI) swap futures contracts and an Argus WTI formula basis calendar month swap futures contract.
Schools funding operates on a formula basis because a simple sum per pupil would not generate sufficient funding for small schools to be financially viable in their own right.
The hand-out will be funded by abolishing what Mrs Spelman referred to as the "highly bureaucratic and inefficient" Housing and Planning Delivery Grant which is distributed to local authorities on a complex formula basis.
 
 
 
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