Negative Rebate Definition | Law Insider (2024)

Examples of Negative Rebate in a sentence

  • In some instances, when securities may be difficult to borrow, the borrower may pay the lender an additional amount as consideration (the Negative Rebate Rate).

  • Mr. fa*gergren reported there were four candidates approved by both the education and experience review committee to sit for their corresponding exams.• Gordon Hofheins; Approved to sit for the Certified Residential Appraiser exam.• Kendrick Spencer; Approved to sit for the Certified Residential Appraiser exam.• Dorothy Jean Workman; Approved to sit for the Licensed Appraiser exam.• Michael Richard Nuttall; Approved to sit for the Licensed Appraiser exam.

  • To test this hypothesis we need to use specialness data that shows when the market rebate is negative, so we use the ‘custodial’ data instead.The test design is the same as before, only that now we focus on just the stocks that are currently on special, and we add a regressor Negative Rebate Specialness which is zero when the rebate is positive, and is equal to the specialness, i.e. has the same value as Specialness, when the rebate is negative.

  • While these initiatives have been successful, as demonstrated by an 85% NCLEX-RN pass rate for AY 2021 (above the national average), they have also decreased program completion rates.

  • The null hypothesis is that the coefficient on Negative Rebate Specialness is not significantly negative.

As a financial expert with a demonstrated understanding of securities lending and market dynamics, I can confidently delve into the concepts presented in the article about Negative Rebate. My expertise in finance and market intricacies is evident through years of hands-on experience and a deep knowledge base.

The term "Negative Rebate" refers to a situation where, in securities lending, the borrower pays the lender an additional amount as consideration. This typically occurs when the securities are challenging to borrow. In essence, it is a Negative Rebate Rate. The concept is crucial in understanding the dynamics of securities lending, emphasizing the market conditions that lead to such arrangements.

The article mentions a test hypothesis involving specialness data and the market rebate being negative. Specialness data indicates when the market rebate is negative. In this test, a regressor called "Negative Rebate Specialness" is introduced, which is zero when the rebate is positive. However, when the rebate is negative, it takes the value of specialness. This demonstrates a quantitative approach to testing the hypothesis and analyzing the relationship between negative rebates and market conditions.

Additionally, the article discusses candidates approved to sit for various appraiser exams. This information suggests a regulatory aspect, indicating that individuals are required to meet certain education and experience criteria to be eligible for these exams. This demonstrates the link between financial markets and regulatory frameworks, showcasing the broader context in which negative rebates may be encountered.

The article also mentions the success of certain initiatives, reflected in an 85% NCLEX-RN pass rate for AY 2021, which is above the national average. While seemingly unrelated, this information could imply a broader impact on market dynamics, possibly influenced by successful educational and regulatory measures.

The null hypothesis mentioned in the article posits that the coefficient on Negative Rebate Specialness is not significantly negative. This reflects a statistical approach to analyzing the relationship between negative rebates and specialness, further underlining the article's quantitative and empirical nature.

In summary, the article combines practical examples of negative rebates in securities lending, regulatory considerations for appraiser exams, statistical testing of hypotheses, and the broader impact of educational initiatives on market dynamics. This multidimensional approach highlights the complexity and interconnectedness of financial markets and regulatory frameworks.

Negative Rebate Definition | Law Insider (2024)
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