Fernando's Business Ethics and Corporate Governance, 3rd Edition

702 Glossary

comprises equity markets and the debt

markets.

Selective Credit Controls Measures

used by the central bank of a country

to channel the ow of credit to par-

ticular sectors, usually the priority sec-

tors, such as

agriculture, infrastructure,

exports etc.

Settlement Guarantee Settlement

guarantee is the guarantee provided by

the clearing corporation for settlement

of all trades even if a party defaults to

deliver securities or pay cash.

Shadow Price It is an imputed value

for a commodity based on the opportu-

nity costs of the resources used to pro-

duce it. Such values are of particular

signicance in resolving problems of

resource ...