Most noteworthy, SIFMA requested permanent prospective relief, which would allow plan sponsors, the self-employed and IRA owners to indemnify their IRAs and other plans so that they may continue to engage in short sales, margin transactions
, and options and futures trading-all of which require the types of indemnification and cross-collateralization clauses at issue.
JSF, the largest securities finance company in Japan, is engaged in loans for margin transactions
and stock lending with securities companies at the Tokyo stock exchange (TSE).
FSA to restrict leverage of forex margin transactions
However, there was an increase in income as a result of greater sales for the the internet media business and internet advertising agency business, firm earnings from foreign exchange margin transactions
and mobile advertising for the internet media business.
Since the firm carries free credit balances of customers, acts as custobian of their securities, functions as pledgee and finances margin transactions
, it incurs a responsibility to its clients which involves not only the maintenance of a high degree of financial stability at all times, but the added duty of supplying the trading public a clear picture of the firm's condition.
Although there were upfront investments to expand page views for Ameba, there was an increase in income as a result of greater sales for the internet advertising agency business, firm earnings from foreign exchange margin transactions
and mobile advertising for the internet media business, and contributions to income from the disposal of shares in Mixi Inc.
As there were only two trading days last week due to the Golden Week holiday, margin transactions
carried out between April 25 and April 28 were included also in the data.
Consolidated liabilities grew 10,873 million yen to 28,865 million yen as a result of the increase in deposited guarantees for foreign exchange margin transactions
. Net assets decreased 1,181 million yen to 29,988 million yen because of a decrease in shareholder equity following a share buyback.
Consolidated assets at the end of this half rose 6,163 million yen from the end of the previous fiscal year to 55,325 million yen because of an increase in deposits received accompanying healthy growth in assets deposited as collateral for foreign exchange margin transactions
although there was a decline in cash and deposits due to share buybacks and the payment of taxes.