Spider

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Spider

See: SPDRs

Spider

Also called a Standard & Poor's Depositary Receipt or a SPDR. An exchange-traded fund that tracks the Standard and Poor's 500. The organization issuing the SPDR owns each of the stocks traded on the S&P 500 in approximate ratio to their market capitalization. SPDR shares can be bought, sold, short-sold, traded on margin; they generally function as if they were stocks. Dividends are paid quarterly and are based on the accumulated dividends of all the stocks represented in the SPDR, less any expenses. Investors use SPDRs (and indeed all exchange-traded funds) as a way to easily diversify their portfolios at relatively low cost. Investors also see the demand for SPDRs as an indicator of which direction the market believes the S&P 500 is going. See also: Mid-Cap SPDR.

spider

References in periodicals archive ?
Many SERP provisions provide a substantial payout to a CEO after say, 10 years, 15 years, 20 years and a sizeable payment upon the CEO's retirement," Petti said.
A DB SERP can be replaced with a DC plan with enhancements and no participant takeaways.
The net effect of OCC 2004-56 has been a surge of interest by banks in using BOLI to fund their SERPs, NDCPs and other employee benefit obligations.
Businesses are also increasingly wary of SERPs because of the disclosure requirements in company proxy statements and because of the bad P.
This rule applies, however, only when the nonqualified SERP initially provides for offsetting benefits by accruals under a qualified plan.
The flexible deployment architecture of the SERP, in combination with Neomar's Enterprise Server and Microbrowser software, enables wireless carriers and ASPs to offer enterprises both fully hosted solutions and enterprise-managed deployments from behind the corporate firewall.
A SERP swap is a complicated financial, tax and accounting strategy.
The answer to that quandary is to back the SERP with funds put into an appropriately devised trust, one that can't be tapped by the executive until retirement.
Smolensk's Bund and SERP began mobilizing their supporters in late March.
Co-founder Doug Berman added, “As users of Keyword Aspects ourselves, in addition to building the most advanced tool for monitoring SEO and SERP, we want to make sure the information is presented to users in a manner that is easy to use and understand.
Commissioner Karachi Shoaib Ahmed Siddiqui, speaking at quarterly review meeting of SERP here on Friday, said that work was in progress in this regard in collaboration with SERP, department of Education, administration and other concerned quarters.
In a CASD SERP, a life insurance policy is purchased by a credit union executive and his employer pays the premiums.