Assignment of proceeds Arrangement that allows the original beneficiary of a letter of credit to pledge or turn over proceeds to another, typically end supplier.
Auto Regressive (AR)Process
Auto Regressive (AR)Process A stationary stochastic process where the current value of the time series is related to the past p values, where p is any
integer, is called an AR(p) process. When the current value is related to the previous two
values, it is an AR(2) process. An AR(1) process has an infinite memory.
Automatic Data Processing (ADP)
Automatic Data Processing (ADP) Acts as an intermediary to perform proxy services for several banks and brokers. Distributes proxy material to beneficial owners, tabulates the returned proxies, and provides
the Corporation or its tabulator compiled reports of the tabulation results. ADP also distributes quarterly reports and
other corporate information to the beneficial owners.