Gray list

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Gray list

Formal roster of stocks that can be traded by the block desks, but not in risk arbitrage because an investment bank is involved with the company on nonpublic activity (e.g., mergers and acquisitions defense). A stock's presence on this list should never be conveyed to anyone outside the trading area, much less outside the firm. See: Restricted list.

Gray List

A list of stocks in which the risk arbitrage division of an investment bank is not allowed to invest. However, the block trading division is allowed to invest in companies on the gray list. The gray list consists of companies working closely with the investment bank on any number of projects, but especially mergers and acquisitions. Because of this, the gray list is unpublished and may not be known outside this risk arbitrage division.
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References in periodicals archive ?
The black and grey lists raise difficult questions for members.
Pakistan was added to the 'grey list' of countries in June 2018 for failing to curb anti-terror financing despite Islamabad submitting a 26-point action plan and launching a concerted diplomatic effort to avert the decision.
The FATF's decision to place the country on its grey list until another review in October relates largely to loopholes in the country's banking system that it believes facilitates terror financing.
Pakistan was on the FATF grey list from 2012 to 2015, a period during which it successfully procured an IMF programme and raised over $5 billion from the international bond markets.
Ameen Shaheedi said the nations do not die of appearing names in grey lists but when fail to perform duties being a state.
Islamabad -- Expressing their resentment over the weak stance of government over Financial Action Task Force (FATF), speakers on Wednesday stressed the need to forge unity among all ranks of the nation to tackle issues like grey list and black list.
She questioned why only names of Muslim countries are included in grey list.