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Stuart Valentine

A chapter in International Dictionary of the Securities Industry, 1989, pp 94-96 from Palgrave Macmillan

Abstract: Abstract haircut. The percentage of a securities dealer’s position which must be deducted from current valuations to calculate the net capital position. Thus a well traded equity might have a haircut of (say) 20 percent if it is a well-traded security in a good liquid market, but the haircut may be much higher if the security is in a small and risky company.

Keywords: Stock Market; Stock Exchange; Option Contract; Financial Future; Hang Seng Index (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-09789-0_8

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