Help with abbreviations - Aussie Stock Forums

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  1. #1

    Question Help with abbreviations

    Help please?
    What is an LOI?
    and what is someones SID? (Something like a financial reference? or an "I am interested related reply to an offer?))

  2. #2

    Default Re: Help please.

    Do I presume no-one has a clue?

  3. #3
    Administrator Joe Blow's Avatar
    Join Date
    May 2004
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    Default Re: Help with abbreviations

    Canny, I thought a LOI was a Letter of Intent.

    Don't know about SID, sorry.

  4. #4

    Default Re: Help with abbreviations

    Thanks Joe - yes, that might make sense for the first one.

  5. #5

    Default Re: Help with abbreviations

  6. #6

    Default Re: Help with abbreviations

    Thanks rederob - none of the SID's fitted my thoughts - but it was a good reference and I found more LOI's - the first one being the likely in a trading situation between companies.
    Letter of Indemnity (international trade and carriage business)
    Letter of Inquiry
    Letter Of Instruction/Interest
    letter of intent
    Letter of Intent (LOI)

    The SID I am looking for is when you send your details to a company to try and get part of a placement they are offering. Could it be Sophisticated Investor Details/ or something along those lines I wonder?
    Need the big players to know the answer I guess!!

  7. #7
    bullmarket's Avatar
    Join Date
    Dec 2005
    Looking over your right shoulder :)

    Default Re: Help with abbreviations

    Hi canny

    I like your Sophisticated Investor Details for SID

    but I suspect that in the example you gave it's probably something like Shareholder ID.....ie....your CHESS or Issuer Sponsor HIN (Holder Identification Number) so that the company can allocate the shares to the correct share holding on the register.

    hope this helps


  8. #8

    Default Re: Help with abbreviations

    Thanks BM. If a cheque went with the SID(!) yes - I believe that would probably be it. I had taken it that it was an application to BE part of a sophisticated investors placement - and therefore thought it was going to be more of a financial resume - and a 'why you should let me be part of the capital raising'.
    As I don't profess to understand how the companies go about these private raisings - it's hard to work out - but thanks again.
    Everyone has been very helpful in my getting closer - now I'm going to go and ask the question direct, and I won't sound quite so ignorant!!!!


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