The company is replacing more expensive and non-tradeable
Kuwaiti supply with Iraqi oil.
In addition, on 13 September, markets regulator China Securities Regulatory Commission (CSRC) allowed banks to raise funds through non-tradeable
preferential stock allotments.
The exchange will be a 1 for 1, with the stipulation that the old certificates with the old company names, CUSIP numbers and design, will be void, and shall be worthless, non- transferable and non-tradeable
in any public or private market or exchange beginning June 10, 2013, and shall have no value except for the right to be exchanged for new certificates.
The draft already agreed upon includes Pakistan's assent, in principle, to grant the MFN status to India and a finalised negative list of non-tradeable
items, which will be phased out by the year's end.
By the end of 2006, non-tradeable
shares accounted for 63% of the total shares in the market But following the Gugai reform of 2005, the Chinese law allowed for state and provincially controlled non-tradeable
shares to become tradeable.
Low OSPs mean that everyone will maximise the non-tradeable
volumes and that the spot tradeable grades will suffer," said another trader with a western trading firm.
Industry policy can be revisited, ideally at the expense of non-tradeable
activity such as the finance sector rather than by transfer of resources from the more successful tradeable industries to the less.
Given that Gulf governments find it politically difficult to trim fiscal expenditure at a time of booming oil revenues and that monetary policy is heavily constrained, it is difficult to see how inflation will be effectively tamed without some upward adjustment in exchange rates," the report said, but observed that "a substantial portion" of inflation is being generated by non-tradeable
factors, particularly high property rents.
Boiler rooms' are high pressure sales firms, often based overseas, who target investors - often sophisticated investors(i) - to illegally offer them non-tradeable
, overpriced or even non-existent shares.
These 35 sectors are then grouped into two major categories: 18 tradeable and 17 non-tradeable
CPPs--mainly held by retail investors--offered at a fixed coupon rate, but are non-tradeable
in the secondary market.
The Country Land and Business Association (CLA) has argued that non-tradeable
farming outputs which benefit society - maintaining the countryside for example - provide a public good and should be paid for.