These categories include issuer
average market capitalization ($49.47 million), average financing size ($5.94 million), and average value per trade ($3,295).
The latest draft also revised the legal opinion requirement to allow issuer
opinion that the tokens are security and removed the requirement of independent counsel to issue the same during the initial assessment phase.
intends to use the net proceeds from the sale of the Additional Notes to accelerate the commercial rollout of Gogo's next-generation global satellite solution, 2Ku, for working capital and other general corporate purposes.
In California, for example, Covered California has lobbied for national exchange agent compensation standards and set minimum standards for its own issuers
should begin reviewing their clawback policies to determine what revisions will be required in light of the proposed rules.
Although the study found most issuers
in turn expect card-not-present fraud to rise as EMV proliferates, it also warned of a spike in application fraud and account takeovers in the next 12 months as criminals try to get their hands on physical EMV cards.
below this level, the Issuers
may terminate the custody agreement.
The expenses that the DI agrees to pay for the issuer
are usually subject to a cap, either a fixed dollar amount or an amount calculated by reference to the size of the ADR program.
11 July 2013 -- According to a survey commissioned by Discover Financial Services (NYSE: DFS) company PULSE, financial institutions participating in the 2013 Debit Issuer
Study experienced continued growth in their debit businesses despite downward pressure on interchange revenue as a result of Regulation II.
Mr Fouad said that BSE has prepared these guidelines in co-ordination with CBB and they aim to facilitate trading by key persons in securities listed on BSE, reduce the administrative burden on issuers
and key persons and to establish greater transparency at BSE and ensure a fair environment for the trading of all investors in the market.
The rule prohibits issuers
from accessing cardholders with penalty fees of more than $25 for late payments or other violations of card terms--unless the cardholder has had repeated violations or the issuer
can demonstrate that "a higher fee represents a reasonable proportion of the costs it incurred as a result of violations."
But the global collapse of the credit markets during the past year has eliminated the refinancing option for most issuers
. Credit markets, for all but the most credit-worthy entities, remain virtually frozen and issuers
with maturing debt face the looming prospect of default.