It was established in 1996 by the Canadian Securities Institute, the national educator for the securities industry. The ILC offers books, seminars, resource centres and Internet services across Canada. The value of a bond or debenture that appears on the face of the certificate. Face value is the amount the issuer promises to pay at maturity.
Face value is no indication of market value.
Short for failed deliveries. It is the failure to deliver a security on the settlement date, or the date agreed upon when the trade was done. The value of an asset, under the assumption it is sold to a willing purchaser by a willing seller, under normal conditions. Client accounts in which the investment dealer does not charge commissions, but charges a fee based on the value of the investor's account instead. A client order that stipulates that as soon as a portion of the order which can be traded immediately is completed, any remaining portion of the order not filled is cancelled.