Locate (finance)
In finance, a locate is an approval from a broker that needs to be obtained prior to effecting a short sale in any equity security, i.e. to "locate" securities available for borrowing. The requirement, in the United States, to locate a stock before 'shorting' it has existed for a long time. Each short sale must be matched to a corresponding locate. However, it is not necessary to secure a locate in the same broker – if a short sale purchaser can prove a secured locate at any broker that is sufficient to provide validity of a short sales transaction.
Locate (finance)
In finance, a locate is an approval from a broker that needs to be obtained prior to effecting a short sale in any equity security, i.e. to "locate" securities available for borrowing. The requirement, in the United States, to locate a stock before 'shorting' it has existed for a long time. Each short sale must be matched to a corresponding locate. However, it is not necessary to secure a locate in the same broker – if a short sale purchaser can prove a secured locate at any broker that is sufficient to provide validity of a short sales transaction.
has abstract
In finance, a locate is an app ...... up by a guaranteed pre-borrow
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Wikipage page ID
15,982,915
Wikipage revision ID
732,836,921
hypernym
type
comment
In finance, a locate is an app ...... of a short sales transaction.
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label
Locate (finance)
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