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Ask price meaning

What does Ask price mean?
The price at which a seller is willing to sell a financial instrument to a buyer at a given moment. In UK and Irish markets this is commonly called the offer price; “ask price” is a widely understood alternative. It is a market practice term rather than one defined by statute or case law, but it underpins regulatory concepts such as price transparency and best execution. The ask/offer price is quoted by a dealer or market maker, or is the lowest available sell order on an order-driven venue. It is the price at which an investor buys, and sits opposite the bid price to form the bid–ask spread, a key indicator of liquidity and transaction costs. It is used for shares, bonds, FX and OTC derivatives quotations, and appears in term sheets, confirmations and valuation methodologies. In authorised funds that use dual pricing, the offer price is the price at which units are sold to investors (and may include applicable charges). Where a single swinging price is used, “offer price” may not be distinguished. Usage is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland.
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CHECKLISTS
Planning and title due diligence checklist for property transactions (England and Wales)

Before acquiring a property or any interest in it, carrying out thorough and appropriate planning searches and enquiries is essential for any person or entity to ensure that the buyer will: not inherit undisclosed outstanding obligations or conditions, nor the burden of remedying or paying for earlier breaches of planning control be able to use and operate the property for the intended purposes If a breach of planning control or any outstanding liabilities are uncovered, the buyer can ask the seller to: remedy the breach before exchange, or settle the liability take out insurance for any loss in the value of the property and the legal expenses incurred in defending an attempt to enforce the breach negotiate a reduction in the sale price to reflect the buyer’s anticipated costs of remedying the breach or settling the liability If the buyer would not be able to use the property for the intended purposes, it may have...

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View the related Practice Notes about Ask price

PRACTICE NOTES
European Commission Article 101 TFEU decision: Swiss franc LIBOR manipulation and bid-ask spread cartel in interest rate derivatives; fines for RBS, JPMorgan, UBS and Crédit Suisse (21 October 2014)

CASE HUB ARCHIVED This archived case hub reflects the position as at the decision date of 21 October 2014; it is no longer maintained. See further, timeline, commentary and related cases. Case facts Outline European Commission Article 101 TFEU investigation into cartels in the Swiss franc interest rate derivatives sector (Case COMP/39.924). The Commission identified two distinct infringements—one concerning bid-ask spreads and another relating to influencing the Swiss franc LIBOR interest rate. Settlements and fines for both infringements were announced on 21/10/2014. Parties RBS (active in both the Swiss franc LIBOR cartel and the bid-ask spreads cartel) JPMorgan (active in both the Swiss franc LIBOR cartel and the bid-ask spreads cartel) UBS (active in the bid-ask spreads cartel) Crédit Suisse (active in the bid-ask spreads cartel) Market(s) Swiss franc interest rate derivatives in the EEA. Derivatives are contracts traded on financial markets. They manage the risk of interest rate movements, act as insurance against price...

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PRACTICE NOTES
UK VAT on non‑monetary consideration in land and property deals: barter, rent‑frees, exchanges, construction and demolition; valuation, tax points, invoicing, options to tax and reverse charge pitfalls

This Practice Note addresses the VAT treatment of supplies of land and buildings where the consideration is non‑monetary (barter arrangements). Why does this matter? Barter dealings can trigger unexpected VAT charges, and may have other unwelcome VAT effects, of which the parties should be mindful. VAT clauses in agreements concerning transactions of this nature may call for careful drafting. What to look for The issues arise where the consideration for a supply is not, or not wholly, in money; thus any cash consideration (if any) is liable to be less than one would expect to obtain for such a supply. In commercial settings, arrangements described as gifts, or agreed at a low price or low rent, will usually amount to a barter, whether or not the parties have viewed them that way. Some barter dealings, such as swapping one plot of land for another, are easy to recognise. Other situations are less clear. To assess the position, you may need to break the deal into its...

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PRECEDENTS
Precedent on-premises (in-store) consumer services terms and conditions (England and Wales)

Please review these important terms and conditions before purchasing anything from us, and ensure they contain everything you require and nothing you are unwilling to accept. Summary of some of your key rights: The Consumer Rights Act 2015 provides that: you may ask us to redo or repair a service if it is not carried out with reasonable care and skill, or receive some money back if we cannot resolve it; if a price was not agreed in advance, the amount you are asked to pay must be reasonable; if no time was agreed beforehand, the service must be completed within a reasonable time. This is a brief outline of some of your key rights. For detailed guidance from Citizens Advice please visit www.citizensadvice.org.uk or call 0808 223 1133. The information in this summary box highlights some of your key rights. It does not replace the contract below, which you should read carefully. This contract sets out: ...

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PRECEDENTS
Template online business-to-consumer services terms and conditions: consumer cancellation rights, performance, payment, liability, privacy and disputes (England and Wales)

Please read these important terms and conditions before you purchase anything on our website, and make sure they include everything you require and nothing you’re unwilling to accept. Summary of some of your key rights: The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 state that, in most situations, you may cancel within 14 days. If you agree that the services begin during this period, you could be charged for what you’ve used. The Consumer Rights Act 2015 says: you can ask us to perform the service again or put it right if it isn’t delivered with reasonable care and skill, or receive some money back if we can’t remedy it; if no price was set in advance, the amount you’re asked to pay must be reasonable; if no timeframe was set in advance, it must be carried out within a reasonable time. This is a summary of some of your key rights. For detailed information from Citizens...

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PRECEDENTS
Share Option Exercise Notice (Deed): payment, tax/NICs, section 431 election, sale-on-exercise and power of attorney (England and Wales)

The Company Secretary [ insert date of letter ] [ insert name of company who granted the option ] ( Company ) [ [ insert address of company that granted the option ] ] Form of notice of exercise From: [ insert name of option holder ] 1 Exercise of the Option Further to the option granted to me on [ insert date on which the share option was originally granted ] covering [ insert class and nominal value of shares under option ] shares in the Company ( Shares ) [ under the terms of the [ insert name of plan under which option was granted ] ( Plan ) OR by a deed executed by the Company on that date ( Deed ) ] ( Option ), I hereby notify you that I am exercising the Option for [ insert number of shares being exercised ] Shares at an exercise price of £[ insert exercise price per share as in the...

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