Definition of Participating fees

Participating fees

The portion of total fees in a syndicated credit that go to the participating banks.

Custodial fees Fees

charged by an institution that holds securities in safekeeping for an investor.

Participating GIC

A guaranteed investment contract where the policyholder is not guaranteed a crediting
rate, but instead receives a return based on the actual experience of the portfolio managed by the life company.

12B-1 fees

The percent of a mutual fund's assets used to defray marketing and distribution expenses. The
amount of the fee is stated in the fund's prospectus. The SEC has recently proposed that 12B-1 fees in excess
of 0.25% be classed as a load. A true " no load" fund has neither a sales charge nor 12b-1 fee.

Front End Fees

fees paid when for example a financial instrument such as a loan is arranged.

Non-participating Policy

A type of insurance policy or annuity in which the owner does not receive dividends.

Participating Policy

A policy offers the potential of sharing in the success of an insurance company through the receipt of dividends.

Guaranteed investment contract (GIC)

A pure investment product in which a life company agrees, for a
single premium, to pay the principal amount of a predetermined annual crediting (interest) rate over the life of
the investment, all of which is paid at the maturity date.

Magic of diversification

The effective reduction of risk (variance) of a portfolio, achieved without reduction
to expected returns through the combination of assets with low or negative correlations (covariances).
Related: Markowitz diversification

Strategic management accounting

The provision and analysis of management accounting data about a business and its competitors, which is of use in the development and monitoring of strategy (Simmonds).

strategic alliance

an agreement between two or more firms
with complementary core competencies to jointly contribute
to the supply chain

strategic planning

the process of developing a statement of
long-range (5–10 years) goals for the organization and
defining the strategies and policies that will help the organization
achieve those goals

strategic resource management

organizational planning for the deployment of resources to create value for customers and shareholders; key varibles in the process include the management of information and the management of change in response to threats and opportunities

strategic staffing

an approach to personnel management
that requires a department to analyze its staffing needs by
considering its long-term objectives and those of the overall
company and determining a specific combination of
permanent and temporary employees with the best skills
to meet those needs

Technological Feasibility

A point in the development of software when it is determined that
the software can be produced to meet its design specifications.

guaranteed investment certificate (GIC)

A gic is an investment that gives you a guaranteed rate of return over a fixed period of time, usually between 30 days and 5 years. gics are available from banks, trust companies, and other financial institutions.

Guaranteed Interest Certificate (GIC)

Interest bearing investment with fixed rate and term.

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