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33-494: OTC may refer to: Finance [ edit ] Over-the-counter (finance) One time charge, for example in the big bath technique Order to cash process Medicine [ edit ] Over-the-counter drug Oxytetracycline Biochemistry [ edit ] Ornithine transcarbamylase , also called OTC gene or ornithine carbamoyltransferase Computer science and technology [ edit ] On-tape Catalog,

66-549: A Congolese soukous group Roman Reigns , a professional wrestler whose nickname is "The OTC" Brands and enterprises [ edit ] Oliver Typewriter Company , a former US company Open Text Corporation , a Canadian software company Oriental Trading Company , based in Omaha, Nebraska Oshkosh Truck Corporation , former name of the Oshkosh Corporation OTC Markets Group ,

99-532: A narrow range of quantity, quality, and identity which is defined by the exchange and identical to all transactions of that product. This is necessary for there to be transparency in stock exchange-based equities trading. The OTC market does not have this limitation. Parties may agree on an unusual quantity, for example in OTC, market contracts are bilateral (i.e. the contract is only between two parties), and each party could have credit risk concerns with respect to

132-1502: A private company that provides services to the US over-the-counter securities market OTC Tool Company , originally the Owatonna Tool Company Organizations [ edit ] Education [ edit ] Oakwood Technology College , in Rotherham, South Yorkshire Okefenokee Technical College , in Waycross and Alma, in the US state of Georgia Ozarks Technical Community College , in Springfield, Missouri Roy Campanella Occupational Training Center , public high school in Brooklyn, New York Government [ edit ] Office of Transportation Cooperatives Ohio Turnpike Commission Oklahoma Tax Commission Overseas Telecommunications Commission , Australia's former international telecommunications service Military [ edit ] Officer in tactical command Officers' Training Corps Other organizations [ edit ] Offshore Technology Conference , an organization that holds conferences on offshore energy technology, based in Houston, Texas One Thousand Children , child survivors of

165-463: A section of a Microsoft Tape Format file OpenType Collection (OTC), a file format for bundling multiple OpenType fonts Orbiter test conductor, part of NASA's Launch Control Center Arts, entertainment, and media [ edit ] Offworld Trading Company , a real-time strategy video game The Olivia Tremor Control , a band Opera Theatre Company, merged with Wide Open Opera in 2017 to form Irish National Opera OTC (band) ,

198-477: Is a bilateral contract in which two parties (or their brokers or bankers as intermediaries) agree on how a particular trade or agreement is to be settled in the future. It is usually from an investment bank to its clients directly. Forwards and swaps are prime examples of such contracts. It is mostly done online or by telephone. For derivatives , these agreements are usually governed by an International Swaps and Derivatives Association agreement. This segment of

231-446: Is different from Wikidata All article disambiguation pages All disambiguation pages Over-the-counter (finance) OTC trading, as well as exchange trading, occurs with commodities , financial instruments (including stocks ), and derivatives of such products. Products traded on traditional stock exchanges, and other regulated bourse platforms, must be well standardized. This means that exchanged deliverables match

264-536: Is held annually during early May in Houston, Texas, USA since 1969. In 2011, OTC organized OTC Brasil and the Arctic Technology Conference to offer a version of the event focused on the development in the Brasil and Arctic regions. In 2014, OTC Asia was created. OTC Brasil and OTC Asia are held every other year. OTC is sponsored by 13 industry associations, who work cooperatively to develop

297-542: The International Swaps and Derivatives Association examined OTC Derivative Bilateral Collateralization Practice as one way of mitigating risk. OTC derivatives are a significant part of the world of global finance. The OTC derivatives markets grew exponentially from 1980 through 2000. This expansion has been driven by interest rate products, foreign exchange instruments and credit default swaps. The notional outstanding of OTC derivatives markets rose throughout

330-573: The OTCQX stocks (traded through the OTC Market Group Inc). Other OTC stocks have no reporting requirements, for example Pink Sheets securities and "gray market" stocks. However, in 2021, the pink sheets market came under the spotlight of greater regulatory scrutiny. Some companies, with Wal-Mart as one of the largest, began trading as OTC stocks and eventually upgraded to a listing on fully regulated market. By 1969 Wal-Mart Stores Inc.

363-567: The Society for Mining, Metallurgy, and Exploration , the Society of Naval Architects and Marine Engineers , the Society of Petroleum Engineers , and the Minerals, Metals and Materials Society . OTC uses proceeds from the events to reinvest into the oil and gas industry through the 13 sponsoring organizations. All technical papers presented at Offshore Technology Conference events are available on OnePetro.org . Offshore Technology Conference,

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396-520: The Holocaust who fled to America without their parents Oregon Track Club , an athletic association Places [ edit ] Bol-Bérim Airport , by IATA-Code Odenton Town Center Ogilvie Transportation Center , Chicago, Illinois Overlake Transit Center United States Olympic Training Center , training facility for US Olympic and Paralympic athletes See also [ edit ] Oct (disambiguation) Topics referred to by

429-417: The OTC market is occasionally referred to as the " Fourth Market ". Critics have labelled the OTC market as the "dark market" because prices are often unpublished and unregulated. Over-the-counter derivatives are especially important for hedging risk in that they can be used to create a "perfect hedge". With exchange traded contracts, standardization does not allow for as much flexibility to hedge risk because

462-710: The United States, over-the-counter trading in stock is carried out by market makers using inter-dealer quotation services such as OTC Link (a service offered by OTC Markets Group ). Although exchange-listed stocks can be traded OTC on the third market , it is rarely the case. Usually OTC stocks are not listed nor traded on exchanges, and vice versa. Stocks quoted on the OTCBB must comply with certain limited U.S. Securities and Exchange Commission (SEC) reporting requirements. The SEC imposes more stringent financial and reporting requirements on other OTC stocks, specifically

495-464: The ability to profit from OTC derivatives activities and financial markets participants benefitted from them. In 2000 the authors acknowledged that the growth in OTC transactions "in many ways made possible, the modernization of commercial and investment banking and the globalization of finance". However, in September, an IMF team led by Mathieson and Schinasi cautioned that "episodes of turbulence" in

528-420: The contract is a one-size-fits-all instrument. With OTC derivatives, though, a firm can tailor the contract specifications to best suit its risk exposure. OTC derivatives can lead to significant risks. Especially counterparty risk has gained particular emphasis due to the credit crisis in 2007 . Counterparty risk is the risk that a counterparty in a derivatives transaction will default prior to expiration of

561-432: The end of 2012 totalled US$ 346.4 trillion . The Bank for International Settlements statistics on OTC derivatives markets showed that "notional amounts outstanding totalled $ 693 trillion at the end of June 2013... The gross market value of OTC derivatives – that is, the cost of replacing all outstanding contracts at current market prices – declined between end-2012 and end-June 2013, from $ 25 trillion to $ 20 trillion." In

594-458: The event, OTC created a special sign and commissioned Houstonian artist Mario E. Figueroa Jr., also known as GONZO247, to create a one of a kind plexi glasscube painted live at OTC. The 2019 OTC is the 50th anniversary of OTC. It ranks among the largest 200 tradeshows held annually in the United States and is among the 10 largest meetings in terms of attendance. Attendance consistently exceeds 50,000, and more than 2,000 companies participate in

627-399: The exception of large, established foreign firms". Reputable companies located outside the U.S., he notes, sometimes sell stock over-the-counter to gain access to American markets while avoiding the expense of keeping two sets of audited paperwork to be listed on multiple stock exchanges (one in their homeland or to international standards, and one for American standards). An over-the-counter

660-436: The exhibition. OTC includes attendees from around the globe, with more than 120 countries represented at recent conferences. In 2009, 2,500 companies from 38 countries participated and 66,820 attendance, an 8.5% drop from previous year's 75,092, was reported despite a global economic recession and initial concerns about swine flu. Attendance in 2014 reached a 46-year high of 108,300, the highest in show history and up 3.3% from

693-484: The flagship OTC event, is the largest oil and gas sector trade show in the world. The first OTC was held in Houston, Texas in 1969. In 2017, OTC was ranked the 25th event on the Trade Show News Network 2017 Top US Trade Shows List. In 2018, the 50th edition of OTC was held and many outlets reflected on the impact of OTC on Houston and the industry over the years. To celebrate the 50th edition of

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726-501: The late 1990s "revealed the risks posed to market stability originated in features of OTC derivatives instruments and markets. Offshore Technology Conference Offshore Technology Conference (OTC) is a series of conferences and exhibitions, focused on the exchanging technical knowledge relevant to the development of offshore energy resources, primarily oil and natural gas. It was founded in 1969. There are four events organized by OTC. The flagship Offshore Technology Conference

759-508: The latest and most advanced hardware and software technologies that are leading the industry into the future. Technologies are awarded based on the following criteria: new and innovative, proven, broad interest for the industry and significant impact beyond existing technologies. OTC Brasil has been held in 2011, 2013, and 2017. In 2017, OTC Brasil was held in Rio de Janeiro and 150 technical papers were presented in 29 technical sessions. OTC Asia

792-437: The other party. The OTC derivative market is significant in some asset classes: interest rate , foreign exchange , stocks , and commodities . In 2008, approximately 16% of all U.S. stock trades were "off-exchange trading"; by April 2014, that number increased to about 40%. Although the notional amount outstanding of OTC derivatives in late 2012 had declined 3.3% over the previous year, the volume of cleared transactions at

825-552: The period and totalled approximately US$ 601 trillion at December 31, 2010. In their 2000 paper by Schinasi et al. published by the International Monetary Fund in 2001, the authors observed that the increase in OTC derivatives transactions would have been impossible "without the dramatic advances in information and computer technologies" that occurred from 1980 to 2000. During that time, major internationally active financial institutions significantly increased

858-513: The previous year. The cost to attend the Offshore Technology Conference event is generally lower than prices for other oil and gas conferences. In 2018, to attend the full conference as a professional who was a member of one of the 13 sponsoring organizations the registration fee was $ 180 which included full access to the technical sessions and massive exhibition. The annual Spotlight on New Technology Awards showcases

891-403: The same term [REDACTED] This disambiguation page lists articles associated with the title OTC . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=OTC&oldid=1240476520 " Category : Disambiguation pages Hidden categories: Short description

924-492: The share of their earnings from derivatives activities. These institutions manage portfolios of derivatives involving tens of thousands of positions and aggregate global turnover over $ 1 trillion. At that time prior to the financial crisis of 2008, the OTC market was an informal network of bilateral counter-party relationships and dynamic, time-varying credit exposures whose size and distribution tied to important asset markets. International financial institutions increasingly nurtured

957-849: The technical program each year. Sponsoring organizations include the American Association of Petroleum Geologists , the American Institute of Chemical Engineers , the American Society of Civil Engineers , the ASME International Petroleum Technology Institute, the Institute of Electrical and Electronics Engineers , the Marine Technology Society , the Society of Exploration Geophysicists ,

990-476: The trade and will not make the current and future payments required by the contract. There are many ways to limit counterparty risk. One of them focuses on controlling credit exposure with diversification , netting , collateralisation and hedging . Central counterparty clearing of OTC trades has become more common in recent years, with regulators placing pressure on the OTC markets to clear and display trades openly. In their market review published in 2010,

1023-605: Was held in 2014, 2016, 2018 and 2024. The 2018 OTC Asia was held in March in Kuala Lumpur. More than 290 technical papers were presented at OTC Asia in 2018. The event also includes the OTC Asia Spotlight on Technology Awards. The Arctic Technology Conference has been held in 2011, 2012, 2014, 2015, 2016, and will be held in fall 2018. In 2011-2012 and 2014, the conference was held in Houston. The 2015 edition

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1056-571: Was held in Copenhagen, Denmark. The 2016th edition was held in St. John's, Canada and 135 technical papers were presented. The 2018 edition was held in Houston. The Arctic Technology Conference is an OTC event that covers the technical challenges that come along with exploration and production of petroleum and natural gas in the arctic. The conference technical program will discuss the logistical and technical aspects involved with recovery oil and gas in

1089-620: Was incorporated. In 1972, with stores in five states, including Arkansas, Kansas, Louisiana, Oklahoma and Missouri, Wal-Mart began trading as over-the-counter (OTC) stocks. By 1972 Walmart had earned over US$ 1 billion in sales — the fastest company to ever accomplish this. In 1972 Wal-Mart was listed on the New York Stock Exchange (NYSE) under the ticker symbol WMT. In Kiplinger in 2017, Dan Burrows wrote that American OTC markets are rife with penny stock fraud and other risks, and should generally be avoided by investors "with

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