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VIEW THE DEFINITIONS OF TECHNICAL TERMS.

 

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Market value or Fair value :

Price at which an asset can be sold if an active open trading market exists.

 

Source: FBF

Multiple owners account :

Account opened in the name of several people. The consent and signature of all co-holders are needed to complete transactions on the account (no individual holder is entitled to claim full payment of the funds).  

 

Source: Banque de France

Mutual fund (FCP) :

UCITS that issues units but which, unlike a company – such as a SICAV (open-end investment company) – does not have a legal personality. An investor who purchases units becomes a member of a co-ownership of financial instruments but has no voting rights. The investor is not a shareholder. An FCP is represented by a management company, which provides administrative, financial and accounting management.

 

Source: Banque de France