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OSC Glossary

Terms

Acronym Category Description
Dark pool liquidity Markets  

Dark pool liquidity is the trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is represented by block trades   facilitated away from the central exchanges. Also referred to as the “upstairs market,” “dark liquidity” or “dark pools.”

(Source: Investopedia)
DAX Regulatory

Deutsche Aktien is a German benchmark index tracking 30 blue chip stocks traded on the Frankfurt Stock Exchange. (Deutsche Bourse).

(Source: Blue Chip List website)
DBRS  Markets

Dominion Bond Rating Service provides credit ratings on issuers of commercial paper, bonds, long/short  term debt, and preferred shares, as well as asset-backed securities. DBRS also offers industry analysis, rating reports, and ratings indices for issuers and investors throughout Canada, the United States, Europe and Japan.

(Source: DBRS website)
DDoS  Markets

Distributed Denial of Service is a form of “digital vandalism - that uses many computers and many internet connections to flood a targeted server with requests”. It’s a method used by cyber criminals targeting financial institutions.

(Source: Phillip Stafford, Financial Times
Deductions  Markets

Deductions are certain assets or exposures that are required to be deducted from the capital items that constitute financial resources.

(Source: Allen & Overy Briefing Papers Glossary)
Derivative  Markets

A security whose price is dependent upon or derived from one or more underlying   assets. The derivative itself is merely a contract between two or more parties. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. Most derivatives are characterized by high leverage. Futures contracts, forward contracts, options and swaps are the most common types of derivatives.

(Source: Investopedia)
Derivatives  OSC

Derivatives, as in the OSC branch, is the group responsible developing a regulatory framework for over-the-counter derivatives trading in Ontario.

(Source: OSC website)
DFIAS  Markets

Deposit and fixed income advisory service is an Investor Economics team. They provide analytical reports with coverage of the sector, from product and competition to delivery channels and trends.

(Source: Investor Economics page)
Disclosure  Regulatory

Disclosure is the release of relevant, material information as it relates to business   transaction or security.

(Source: A Brief Overview of the Regulatory Structure of Securities Regulation in   Ontario)
Disgorgement  Law

A disgorgement is the repayment of ill-gotten gains that is imposed on wrong-doers by the courts. Funds that were received through illegal or unethical business transactions   are disgorged, or paid back, with interest to those affected by the action. Disgorgement is a remedial civil action, rather than a punitive civil action. 

(Source: Investopedia)
Distribution Yield  Markets

A distribution yield is the amount of cash flow received or paid out by an annuity, REIT   or other similar income paying instrument. The distribution yield of a security is calculated by dividing the distributions paid (yearly, monthly, etc.) by its cost or net asset value. Distribution yield can be used as a measure of investment cash flow provided by an investment relative to the cost paid for that investment.

(Source: Investopedia)
Dodd-Frank  Law

Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R.   4173) was signed into federal law by President Barack Obama on July 21, 2010  as a response to the financial crisis of 2007–2010 which led to widespread calls for changes in the regulatory system. Called Dodd-Frank for the Senators that introduced it, the Bill contained:

1.  The consolidation of regulatory agencies, elimination of the national thrift charter, and new oversight council to evaluate systemic risk;  

2.  Comprehensive regulation of financial markets, including increased transparency of derivatives (bringing them onto exchanges);

3.  Consumer protection reforms including a new consumer protection agency and uniform standards for "plain vanilla" products as well as strengthened investor protection;

4.  Tools for financial crises, including a "resolution regime" complementing the existing Federal Deposit Insurance Corporation (FDIC) authority to allow for orderly winding down of bankrupt firms, and including a proposal that the Federal Reserve (the "Fed") receive authorization from the Treasury for extensions of credit in "unusual or exigent circumstances";

5.  Various measures aimed at increasing international standards and cooperation including proposals related to improved accounting and tightened regulation of credit rating agencies.

At Obama's request, Congress later added the Volcker Rule to this proposal in January 2010.

Dodd-Frank Rulemaking tracker available via Knowledge Mosaic.
Dow   Dow Jones Industrial Average or DJI or Dow 30 is an index that shows how 30 large   publicly owned companies based in the United States have traded during a standard
trading session in the stock market
Dow Jones  Markets Dow Jones is a News corporation company (Fox). It “explains the world and the world of  business”. Brands include the Wall Street Journal, Dow Jones Newswires, Factiva, Barron’s, MarketWatch,SmartMoney, and All Things D.  Respected business insights.
DRIP  Markets

Dividend Reinvestment Plan is a plan enabling stockholders to automatically reinvest dividend payments in shares of the company’s stock or in depositary receipts representing shares of the company’s stock. Direct purchase plans often have dividend   reinvestment features.

(Source: JP Morgan’s ADR.COM & Investopedia)
DRO  OSC

Designated Rating Organizations, National Instrument 25 – 101, imposes requirements on those credit rating agencies or organizations (CROs) that seek to have their credit   ratings eligible for use in securities legislation.

(Source: OSC website