ABC Agreement


ABC Agreement
An agreement made between a purchasing member with a seat on the NYSE and the firm in which he or she works. With the approval of the NYSE, this agreement stipulates that the employee of the firm may:

a) transfer the seat to another employee of the firm
b) retain ownership and purchase a new seat for another individual designated by the firm
c) sell the seat and transfer any gains to the firm.

ABC agreements are important because the firm pays for the seat on the NYSE that the employee is using. As such, the firm wishes to insure itself against the possibility of the employee - should he or she no longer work for the firm - negatively impacting the firm's ability to trade on the NYSE.

The ABC agreement is so named because of the three main provisions it allows. Similar types of arrangements exist between firms and their employees on various other exchanges.


Investment dictionary. . 2012.

Look at other dictionaries:

  • ABC agreement — A contract between an employee and a brokerage firm outlining the rights of the firm purchasing an NYSE membership for that employee. Bloomberg Financial Dictionary …   Financial and business terms

  • ABC Daytime — (ABC D) is a programming block on the ABC Network. The Disney ABC Television Group named Brian Frons the president of the newly created Daytime, Disney ABC Television Group in May 2006. The promotion elevated Frons from his position as head of… …   Wikipedia

  • ABC Family — Launched April 29, 1977 (original launch; as CBN Satellite Service) August 1, 1988 (relaunch; as The CBN Family Channel) September 15, 1990 (renamed as The Family Channel) August 15, 1998 (relaunch; as Fox Family Channel) November 1 …   Wikipedia

  • ABC Radio and Regional Content — is the division of the Australian Broadcasting Corporation responsible for radio output and regional content.HistoryOriginsThe first public radio station in Australia opened in Sydney on November 13, 1923 under the call sign 2SB. Other stations… …   Wikipedia

  • ABC Radio Networks — ABC Radio Networks, también conocida simplemente como ABC Radio, es una cadena estadounidense de radioemisoras. La cadena sindica a algunas de las más famosas personalidades de la radio norteamericana, tales como Sean Hannity y Don Imus. Es una… …   Wikipedia Español

  • ABC Family — Pour les articles homonymes, voir Family Channel. Création 29 avril 1977 Propriétaire ABC …   Wikipédia en Français

  • Australian Workplace Agreement — An Australian Workplace Agreement (AWA) was an individual written agreement on terms and conditions of employment between an employer and employee in Australia, under the Workplace Relations Act 1996 . An AWA can override employment conditions in …   Wikipedia

  • Major League Baseball on ABC — Genre Sport Developed by ABC Sports Directed by Chet Forte Craig Janoff Starring Major League Baseball on ABC broadcasters …   Wikipedia

  • Indo-US civilian nuclear agreement — ] [cite web|url=http://www.govtrack.us/congress/vote.xpd?vote=h2006 541|publisher=GovTrack|title=H.R. 5682: House Vote 541: Dec 8, 2006 (109th Congress)|accessdate=2006 12 08] The White House had urged Congress to expedite the reconciliation… …   Wikipedia

  • U.S.–India Civil Nuclear Agreement — U.S. President George W. Bush and India s Prime Minister Manmohan Singh exchange handshakes in New Delhi on March 2, 2006. The 123 Agreement signed between the United States of America and the Republic of India is known as the U.S. India Civil… …   Wikipedia