- See: over-the-counter. The New York Times Financial Glossary————over the counter (OTC)Purchases and sales of financial instruments that do not take place in organized exchanges such as the New York Stock Exchange or the Chicago Board of Trade are termed over the counter. The phrase may be used as a noun to describe capital markets other than organized exchanges. The phrase may also be used as an adjective to describe instruments not traded on an organized exchange, such as over-the-counter derivatives. American Banker Glossary————See: over-the-counter. Bloomberg Financial Dictionary————Over The Counter; a market in which custom-tailored contracts such as stocks and foreign currencies are bought and sold between counterparties and are not exchange traded. Chicago Mercantile Exchange Glossary————Operations Tariff Classification. HM Customs & Revenue Glossary————Not traded on an exchange. The benefit of this is that the contract can be tailored to meet the investor's own particular requirements. In contrast, exchange traded products are standardised but offer greater liquidity. A major OTC market is the foreign exchange market, where banks trade directly with each other rather than through an exchange. Dresdner Kleinwort Wasserstein financial glossary————See over-the-counter Euroclear Clearing and Settlement glossary————over-the-counter (OTC)In the US, a market where small capitalisation stocks (and some large capitalisation stocks as well), shell companies, inactively traded and unregistered stocks trade. The pink sheets and the OTC Bulletin Board (OTCBB) are the only places left in the US where unregistered stocks trade.See also pink sheets Exchange Handbook Glossary————The market for securities or derivatives created outside organised exchanges by dealers trading directly with one another, or their counterparties, by telephone or screen. LIFFE
* * *OTC OTC
* * *Over the counterA market conducted directly between dealers and principals via a telephone and computer network rather than via an exchange trading floor. Unlike an exchange there is no automatic disclosure of the price of deals to other market participants, and the deals and traded instruments are not standardized.
* * *OTC UK US adjective
Financial and business terms. 2012.
Look at other dictionaries:
OTC — may refer to: Oakwood Technology College Owatonna Tool Company Oklahoma Tax Commission Odenton Town Center Officer in Tactical Command Officer Training Corps Offshore Technology Conference Ohio Turnpike Commission Okefenokee Technical College The … Wikipedia
OTC — See over the counter. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010. OTC … Law dictionary
OTC — puede referirse a: Oficina Técnica de Cooperación: véase Agencia Española de Cooperación Internacional. Over The Counter negocia instrumentos financieros. Medicamentos de venta directa Esta página de desambiguación cataloga artículos relacionados … Wikipedia Español
OTC — sigla ES ingl. Organization for Trade Cooperation, organizzazione per la cooperazione commerciale Sinonimi: OCC … Dizionario italiano
OTC — 〈Abk. für engl.〉 Over the Counter( Market) … Lexikalische Deutsches Wörterbuch
OTC — [ˌəu ti: ˈsi: US ˌəu ] the abbreviation of over the counter … Dictionary of contemporary English
OTC — (over the counter) not traded or listed with an organized stock exchange (Finance); trading through telephone or computer and not on the floor of a stock exchange (Finance); available without a prescription (Medicine) … English contemporary dictionary
OTC — ► ABBREVIATION 1) (in the UK) Officers Training Corps. 2) over the counter … English terms dictionary
OTC — abbrev. over the counter … English World dictionary
otc — abbr. (in the UK) Officers Training Corps. * * * adjective (of securities) not traded on a stock exchange over the counter stocks • Syn: ↑over the counter • Similar to: ↑unlisted * * * … Useful english dictionary