fictitious credit

Fictitious credit

A margin account's credit balance. Fictitious credit exists after the proceeds from a short sale are accounted for with respect to the margin requirement. The proceeds from the short sale are reflected as a credit, but must stay in the account to serve as security for the loan of securities made in a short sale, and are therefore inaccessible to the client for withdrawal.

Fictitious Credit

The credit available on a margin account. This refers to the proceeds from a short sale that are deposited in the account, resulting in extra credit available to the account holder. However, because this credit comes from securities being used as collateral, the fictitious credit is not locked in and, more importantly, the account holder cannot withdraw it directly.

fictitious credit

The dollar amount credited to an investor's brokerage account following a short sale. The credit, which represents both the proceeds of the sale and the margin required under Regulation T, is used as collateral for the borrowed shares and may not be withdrawn by the investor.

Mentioned in ?

Short Sale

References in periodicals archive ?

Emersyn knew that if Store 4's manager had intentionally recorded fictitious credit sales, he most likely wouldn't have recorded the corresponding cost of sales.

Improving critical thinking through data analysis: the process for analyzing data provides accountants, financial managers, and auditors an opportunity to develop and grow their critical thinking skills

One of the things that puzzled me about some of those studies was that they assigned their imaginary person a fictitious credit score, which they supposedly used in the course of obtaining the online quotes.

Is the price right? The Federal Insurance Office is delving into the issue of the affordability of auto insurance

At press time, the SEC said it was continuing its investigation after charging an Indianapolis man with fraud for conducting an Internet offering that cost investors millions of dollars who invested funds in fictitious credit unions.

SEC goes after Ponzi scheme credit unions

In the following year, management might reverse the phony sales using fictitious credit memos.

What is your fraud IQ?

The inquiry was launched at Cleeve School, a comprehensive at Bishop's Cleeve, near Cheltenham, in April when pupils allegedly attempted to obtain goods via the Internet using fictitious credit cards.

Luck isn't on a plate for pounds 1.8m lottery winner

84% -39% Bonds -- Rp 800 billion Third arty fund Rp 905 billion Rp 1 trillion Fictitious credits -- Rp 30 billion Number of clients 10,000 Source: Bank Indonesia Table--2 Holders of bonds issued by Bank Global Description Value (Rp billion) PT.

Bank Global suspended

Cases involve the presentation and suppression of forged cheques, fraudulent transfers and withdrawals, fictitious credits and unauthorised loans.