Primary market - the market in which placement for the first time of issued securities is carried out. Its main participants are issuers of securities and investors. The issuers needing financial resources for investments into the fixed and working capital define the offer of securities in stock market. The investors who are looking for the favorable sphere for use of the capital form demand for securities. In primary market mobilization of temporarily free money and their investment into economy is carried out.
The stock exchange is the main organizer of trade on securities market. The stock exchange can combine activities for the organization of trade in securities only with depository and clearing activity, but not with other professional kinds of activity on securities market.
Ñîãëàñíî ñòàòüå 815 Ãðàæäàíñêîãî êîäåêñà Ðîññèéñêîé Ôåäåðàöèè, âåêñåëü óäîñòîâåðÿåò íè÷åì íå îáóñëîâëåííîå îáÿçàòåëüñòâî âåêñåëåäàòåëÿ (ïðîñòîé âåêñåëü) ëèáî èíîãî óêàçàííîãî â âåêñåëå ïëàòåëüùèêà (ïåðåâîäíîé âåêñåëü) of âûïëàòèòü ïî íàñòóïëåíèè ïðåäóñìîòðåííîãî âåêñåëåì ñðîêà ïîëó÷åííûå âçàéìû äåíåæíûå ñóììû. Îòíîøåíèÿ ñòîðîí ïî âåêñåëþ ðåãóëèðóþòñÿ çàêîíîì î ïåðåâîäíîì è ïðîñòîì âåêñåëå.
Stock exchanges and share departments of currency and commodity exchanges - the organized securities market functioning on the basis of centralization of offers on purchase and sale of the securities exposed by brokers - members of the exchange on the basis of orders of institutional and individual investors.
Securities market, despite its unity, it is possible to divide into some segments which too are called as the markets conditionally. They are characterized by the specific conditions, participants of trade, securities addressing on them.
Depository activity is rendering of services on storage of certificates of securities and/or the account and transition of the rights for securities. Only the professional participant of securities market who is the legal entity can be depositary.
Ýìèññèîííûå öåííûå áóìàãè íà ïðåäúÿâèòåëÿ ìîãóò âûïóñêàòüñÿ òîëüêî â äîêóìàíòàðíîé ôîðìå. Èìåííûå ýìèññèîííûå öåííûå áóìàãè ìîãóò âûïóñêàòüñÿ êàê â äîêóìåíòàðíîé, òàê è â áåçäîêóìåíòàðíîé ôîðìå. Ôîðìà ýìèññèîííûõ öåííûõ áóìàã îïðåäåëÿåòñÿ ýìèòåíòîì.
in case of storage of certificates of demand documentary securities and/or the accounting of the rights for these securities in depositary - at the time of implementation of receipt record on the custody account of the purchaser.