A type of pension scheme provided by an employer, who must make contributions into it.
Open Ended Investment Company. A collective investment fund similar to a unit trust. The major differences are that OEICs are established as companies rather than as trusts. Most new funds launched today are established under the OEIC structures.
This indicates that a shareholder is prepared to sell at a particular price.
Offer for Sale
One method by which a company can issue new shares and gain stock market listing. The company or its advisers invite the public to buy shares not yet in issue at a given price. Sometimes there is a minimum subscription level and if subscriptions fall below this level, the issue will be aborted.
Offer for Subscription
Here the company coming to the market prepares all the necessary documentation itself and invites applications for the shares. Very rarely used now.
The price at which a market maker will sell shares to investors, therefore the price that the buyer pays. This is generally lower than the bid price. The difference between the two is known as the bid/offer spread.
Often accompanies additional share placings by quoted companies and gives the right to claw back shares, usually at below the market price that have been placed with instructions.
The price at which a stock starts dealing. Can refer to market opening or to when stock first became listed.
Optional / voluntary offer
An offer in which a client must make a decision in which to participate or not, e.g. Open Offer.
A dealing instruction submitted to Barclays Stockbrokers.
Order expiry period
The number of trading days that you instruct Barclays Stockbrokers to monitor your order. This can be for a number of trading days up to a maximum of 30.
A common form of share. The holder of ordinary shares are the owners of that company, the holders also receive dividends which vary in amount.
All orders with a status of 'Pending' and 'Limit'. If you have 'Outstanding Orders' on your account there will be a difference between the 'Cash Available to Invest' sum and the 'Amount Available to Invest' sum displayed in Account View. You can view your list of 'Outstanding Orders' via the Order Status area.
Circumstances where people have applied for more shares than are available in a new issue.