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How to index footnote settlement

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[Music] hey everyone welcome back to mike and his whiteboard my name is mike this is my whiteboard and today were going to be talking about one of the more popular underlyings that youll see here on is spx so if youre brand new to trading spx or youre just learning about spx there are some things that are important to keep in mind its not like a normal a normal equity where all the standard rules apply in fact theres a lot of different things and a lot of non-standard things that apply to spx so lets get right into it and well discuss some of these things so the first thing to understand with spx is that there is a settlement date so unlike regular equity expirations where all of them will the have the last trading day as friday so on fridays close at 3 pm thats it thats the last time to trade it theres actually a difference between what expiration were looking at with spx so its got a non-standard xp expiration and so what whats really important to keep in mind with th

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What is GIFI code Sage?

The GIFI (General Index of Financial Information) is an index of items generally found on balance sheets, income statements, and statements of retained earnings. The Canada Revenue Agency (CRA) uses GIFI Codes to support their electronic filing and T2 processing system.

What is the GIFI code 2680?

GIFI flip codes DescriptionGIFI CodeGIFI Flip CodeDeferred income taxes14812963Taxes recoverable / refundable14832680Due from shareholder(s) / director(s)21803260Due from individual shareholder(s)2181326149 more rows

What is the GIFI code for dividends paid?

I believe you are looking for dividends payable entered on the S100 under the liability section GIFI code 2962.

Where do I find the GIFI code?

Where can you get a copy of the GIFI form, guides, and schedules? The GIFI form, guides, and schedules are available at .cra.gc.ca/forms or by calling 1-800-959-5525.

What is the difference between trade clearing and settlement?

Clearing and settlement directly follows a trade. Clearing is what comes immediately after the trade, where all the terms of the deal are double-checked. Settlement is the final stage, in which the transfer of securities and money takes place.

What is GIFI code?

The General Index of Financial Information (GIFI) is a standard list of codes that you use to prepare your financial statements. All corporations (except for insurance corporations) should prepare their financial statement information using the GIFI codes and file it with their T2 returns.

What is GIFI format financial statements?

The GIFI codes identify items that are usually found on a corporations financial statement (balance sheets, income statements, and statements of retained earnings). Each item is assigned its own unique code. This allows us to collect financial statement information in a standardized format.

What is the difference between clearing and settlement?

Clearing involves network operators routing messages and other information among financial institutions to facilitate payments between payers and payees. Interbank settlement is the discharge of obligations that arise in connection with faster payments either in real-time or on a deferred schedule.

What does clearing a payment mean?

Clearing in the banking system is the process of settling transactions between banks. Millions of transactions occur every day, so bank clearing tries to minimize the amounts that change hands on a given day.

What is the process of clearing and settlement?

Clearing and Settlement Process When You Sell a Share Consequently, you are unable to sell identical shares on the same day. The broker delivers the shares to the exchange on Day 02 or T+1 Day, and you also receive money in your banking account after all fees have been deducted on the same day.

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Index footnote settlement easily