|Glossary Term: EXCHANGE|
Definition(s) for EXCHANGE:
1. ) refers to the marketplace in which trading of shares, options and futures on stocks, bonds, commodities and indices occur.
2. ) Exchange and Redemption-Exchange are interchangeable terms referring to the authorized redemption (payment) of eligible securities presented and surrendered for the purpose of applying the proceeds (what they're worth) for other securities according to Treasury regulations. The current exchange offering (See Title 31 Code of Federal Regulations part 352, also available as Department of the Treasury Circular, Public Debt Series 2-80) permits owners of Series E and EE savings bonds as well as savings notes ( but not Series I Bonds ) to exchange a minimum of $500 worth of such securities for current income savings bonds of Series HH and continue to postpone reporting interest (for Federal income tax purposes) on the securities surrendered until the HH bonds are cashed, reach final maturity (20 years after issue), or some other taxable transaction occurs, whichever happens first. The deadline for exchanging E and EE bonds, as well as savings notes, is one year following the month those securities reach final maturity and stop earning interest. Please note: August 2004 will be the last issue month for HH/H bonds. After August 31, 2004, you will no longer be able to exchange your EE/E bonds for HH bonds.
3. ) An exchange provides access to capital and facilitates securities dealing through speedy and innovative trading platforms and services. An exchange is also responsible for delivering an orderly market.
CHICAGO MERCANTILE EXCHANGE (CME), EXCHANGE TRADED, FOREIGN EXCHANGE RISK, COMMODITIES EXCHANGE CENTER (CEC), MEMBERSHIP OR A SEAT ON THE EXCHANGE, EXCHANGE OFFER, CHICAGO BOARD OPTIONS EXCHANGE (CBOE), CINCINNATI STOCK EXCHANGE (CSE), COFFEE, SUGAR & COCOA EXCHANGE (CS&CE), COMMODITY EXCHANGE OF NEW YORK (COMEX), CURRENCY EXCHANGE RISK, EQUILIBRIUM EXCHANGE RATE, EXCHANGE RATE MECHANISM (ERM), EXCHANGE TRADED FUND (ETF), EUROPEAN EXCHANGE RATE MECHANISM (ERM), EXCHANGE CONTROLS, EXCHANGE MEMBERS, EXCHANGE OF STOCK, EXCHANGE PRIVILEGE