Kerb Dealings/Khangi Bhao
See Band Ke Bhao
Kapli
A standard form used by the
broker to inform the Stock Exchange of his transactions for the purpose of
matching a settlement.
Killer Bees (U.S.)
Law firms, proxy solicitors and
public relations firm employed to help a company management fight off an
unfriendly takeover.
Kiting
The act of misrepresenting the
value of a financial instrument for the purpose of extending credit obligations
or increasing financial leverage. Kiting generally occurs when securities firms
fail to deliver securities involved in buy and sell transactions in a timely
manner (before the three-day settlement period). When this occurs, the firm
failing to receive the securities is required to purchase the shortage on the
open market and charge the delinquent firm any associated fees. The fraudulent
act of kiting occurs when the firm fails to purchase the securities on the open
market and maintains a short position, delays delivery, or takes part in
transactions contrary to SEC regulations regarding the proper settlement of
trades.
Kiss Principle (U.S)
Advice given by old pros to
neophyte brokers on how they should explain to investors such sophisticated
investment concepts as options and arbitrage. Keep it simple, stupid.
