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.
By replacing a DC SERP with a variable-rate, DC SERP, companies inject high octane into their benefit strategies.
Exhibit 1, above, shows the steps in a sample SERP swap.
Smolensk's SS and SERP factions finally formed a United Jewish Socialist Workers' Party (the OESRP, or Farainigte) on 26 May, days after the Socialist Zionists' agreement to set aside their "territorialist" program had facilitated unification at the national level.
In this rare scenario, a CASD SERP will typically deny the executive all vested benefits and make the credit union the sole owner of the policy.
As the board begins to consider cost-saving ideas and programs to deal with the pending budget shortfall, one of the cost-saving programs that would give the district impressive savings in compensation costs is a SERP,'' a district staff report said.
The proposed regulations provide that an employer that has a DB SERP, or that had a DB SERP in effect as of Dec.
A[cedilla] Advise and facilitate SERP project core team on RetailerCollective facilitation, scale-up andcapacity-building,
We anticipate that SERP II will contribute to substantial improvements in education sector service delivery and management over the next three years, by directly focusing improvement efforts on students, teachers and education managers," said Umbreen Arif, task team leader of the project.
Siravo and Swedberg) decided to propose amendments to the SERP plans that would (1) change the definition of "Final Compensation" to include all compensation, not just monthly base salary; and (2) increase the gross-up for taxes from 40% to 67%," NCUA charged in the amended complaint.
The SERP is sector budget support provided as part of the European Union's efforts to make a sustainable contribution to the education sector in Pakistan.
8 million to SERP participants as early as May 2010 if certain financial conditions existed.