What is real estate underwriting? When an individual or business entity seeks funding for a real estate project or purchase, the loan request is scrutinized by an underwriter to determine how much risk the lender is willing to accept.
What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances. It also acts like a clearinghouse to process and settle trades in corporate and municipal securities.
GICS classifications can be presented in text or numeric format. The full GICS classification for each company is an eight-digit code with text description. The full code is easily understood, as it is built from the codes for each level. Take Household Appliances, for example: Sector: Consumer Discretionary (GICS code: 25) Industry Group: Consumer Durables and Apparel (GICS code: 2520) Industry: Household Durables (GICS code: 252010) Subindustry: Household Appliances (GICS code: 25201040) How a company gets Its slot A company is assigned to a single GICS subindustry based on what Standard & Poorâs and MSCI consider to be its primary business activity.