Securities houses

Connecting a control computer to another system is a modification and should only be carried out after systematic study of possible consequences (see Section 20.4.3). If made, data flow should be possible only in the outward direction (see text through the end of this section). All systems should be secure. Houses need doors. The doors on control systems are less tangible than those on houses but just as important. 

Market professionals include the banks and specialist financial intermediaries mentioned above, firms that one would not automatically classify as investors, although they will also have an investment objective. Their time horizon will range from one day to the very long term. They include the proprietary trading desks of investment banks, as well as bond market makers in securities houses and banks who are providing a service to their customers. Proprietary traders will actively position themselves in the market in order to gain trading profit, for example, in response to their view on where they think interest rate levels are headed. These participants will trade direct with other market professionals and investors, or via brokers. Market makers or traders (also called dealers in the United States) are wholesalers in the bond markets they make two-way prices in selected bonds. Firms will not necessarily be active market makers in all types of bonds smaller firms often specialise in certain sectors. 

Speculators and arbitrageurs such as securities houses and hedge funds. 

Financial institutions retail and commercial banks, building societies, securities houses and investment banks. 

Stock lending is not a sale and repurchase in the conventional sense but is used by banks and securities houses to cover short positions in securities put on as part of market-making or proprietary trading activity. In some markets (for example, the Japanese equity market) regulations require a counterparty to have arranged stock lending before putting on the short trade. 

We illustrate a stock loan where the transaction is stock-driven. Let us assume that a securities house has a requirement to borrow a UK gilt, the 5.75% 2009, for a one-week period. This is the stock from our earlier classic repo and sell/buyback examples. We presume the requirement is to cover a short position in the stock, although there are other reasons why the securities house may wish to borrow the stock. The bond that it is offering as collateral is another gilt, the 6.50% Treasury 2003. The stock lender, who we may assume is an institutional investor such as a pension fund, but may as likely be another securities house or a bank, requires a margin of 5% as well as a fee of 20 basis points. The transaction is summarised in Exhibit 10.12. 

In the US market there have been cases in which securities houses that went into bankruptcy and defaulted on loans were found to have pledged the same collateral for multiple HIC repo trades. Investors dealing in HIC repo must ensure ... 

It is axiomatic that sales analysis depends on detailed records of sales of a specific chemical to a specific company. Paramount to the success of such studies is the existence of data recorded on a systematic and continuous basis. It follows that these studies are done best by an ia-house staff on products already produced by the company. However, on occasion, a product new to the company can be studied by the ia-house group with the assistance of their field sales force. For example, a producer of polypropylene could use its people to secure data on the consumption of other thermoplastics by their customers. Such an exercise might identify opportunities for a new producer, but a more detailed marketing research study would probably be done before entry iato the new product area was made. 

Placement of vascular access ports is similar to that of a long-term indwelling arterial catheter. A small incision is made over the selected vein and a second incision is made lower in the anterior chest to create a pocket to house the port. The catheter is tuimeled subcutaneously from its entry point into the vein with the tip inside the right atrium. The final position of the catheter is verified by fluoroscopy, secured with sutures, and the subcutaneous pocket is closed. The port septum is easily palpable transcutaneously, and the system may be used immediately. A surgeon typically inserts the vascular access port in an outpatient setting. 

Cartridges are inserted in series into plastic or stainless-steel tubular pressure housings of square cross section (Fig. 14). Feed flows parallel to the leaf surface. A permeate fitting secures each cartridge to the housing wall, which allows permeate egress and faciUtates sealing between concentrate, atmosphere, and permeate channels. 

There are a surprising number of computer-con-trolled systems in homes today, all acting independently to control heating, cooling, security, lighting, appliances, entertainment equipment and even coffee makers. Houses of the future will integrate all of these computerized functions into centralized home automation systems that will help optimize energy... 

The employment of full-time security staff either in-house personnel or contracted out to a professional guarding company (preferably one that is a member of the British Security Industry Association (BSIA) Manned Services Inspectorate) can make a significant contribution to overall security. Consideration should be given to the range of duties to be performed by security staff, their location, and how they will interface with other security measures and external agencies. 

Other factors include available resources in terms of money and manpower to develop the system in-house, outsource, or purchase from e-clinical proprietary vendors, reliability, flexibility, and security. Some coordinating centers have chosen OSS/FS over proprietary vendors based on the criteria of cost, reliability, flexibility, and security [38]. The rationale is that although both have service comparability, proprietary software licensing costs, both for initial purchases and annual licensing, are significant. 

The file clearly demonstrated extensive knowledge of Phillip s background with the Department of Defense and his security clearance. While it was made obvious that the Chinese knew all about him, blackmail was the furthest thing from their mind. Their main concern was Alex Houston. The Chinese knew Houston had been involved with the CIA, drugs, money laundering, child prostitution and slavery. The comment from this Chinese bearer of bad tidings was, " Houston was a very bad man and his crimes were of the White House." (24)... 

There s only one thing that might not sit well with the court," Minskoff answered. "When the French administrator sent the French security police to Alt s house, he asked me to send a man along." He was grinning. 

During the project 1200 households to be built in a suburban housing area should be linked with a high-speed data connection. Eventually a central service-and security-center will collect data from all households. 

The ambitious goal of eBuilding is to maximize the comfort of the house owner at a minimum cost level. This will be achieved by using sensors in all sensitive areas, for instance, constant control of the air-conditioning or to cut off cost intensive peaks. Also sensors in smoke-detectors, windows, doors and other appliances will take care of the house security. 

However, the security package ofeBuilding is not justa one-way vehicle. If the owner has to stay away longer than planned any type of change can also be made by mobile phone or via the internet so that the presence of someone in the house is simulated. 

LNC . LNC has been tested for efficiency, capacity and security over a long period of time in large office buildings, hence it will be used in this project to link the houses and the SSC. 

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