Discount
As Skontro (plural order book ) to various sub-ledgers (auxiliary books) called the accounting and the order book of lead brokers in floor trading German stock exchanges.
backgrounds
In the order books, inflows and outflows are continuously recorded according to the accounts (“ discount ”). The entries are on the left and the exits on the right. The most common example from classic bookkeeping is the goods control or goods book. In modern accounting, the term order book is hardly used any more. In principle, order book according to today's designation is a " mixed account ", ie. H. a combined current and success account.
If the term “order book” is used today, it usually refers to the (now electronic) order book (formerly the stock exchange book) of the order book managers on the German floor exchanges. The term developed from the securities or exchange accounts of banks and brokers in the stock exchange business. The discount day is the settlement date on which the trading participants submitted their business statements in order to process the delivery and payment of the securities. From the time of handwritten order books on the stock exchanges, some terms have survived, e.g. B. "take on the book" or the two basic positions in securities trading, namely "long" or "short" (today mostly " long / short "), d. H. the difference between the left buy and the right sell side, which is also visually visible in hand control.
The order book number , as it is e.g. B. is required when applying for admission to the Open Market , denotes the unique registration number of an approved broker or an approved credit institution .
See also
literature
- Maier-Rothschild: Handbook of the entire commercial sciences - Volume 2 . 4th edition Berlin: Verlag P. Langenscheidt, 1889
- Georg Obst : Money, banking and stock exchange . 30th edition Stuttgart. Poeschel Verlag, 1937
- Günter Wöhe : Introduction to general business administration . 19th edition Munich: Verlag Franz Wahlen, 1996. ISBN 3-8006-2092-8