exex1 /eks/ prepositionprep2COMMERCETRANSPORT ex dock/quay/wharf an ex dock, ex quay, or ex wharf price is one where the seller is responsible for taking the goods off the ship in a particular port, and making them available there, but not for transporting them anywhere 3COMMERCETRANSPORTTAX ex quay duty paid if a price is ex quay duty paid, it is ex quay with the seller responsible for paying any import taxes 4COMMERCETRANSPORTTAX ex quay duties on buyer’s account if a price is ex quay duties on buyer’s account, it is ex quay with the buyer responsible for paying any import taxes 5COMMERCETRANSPORT ex factory/works an ex factory or ex works price is one where the seller makes goods available to the buyer at the seller’s factory, and the buyer is responsible for paying for them to be transported to where they are needed 6COMMERCETRANSPORT ex ship an ex ship price is one where the seller will make the goods available on a ship in a particular port, and the buyer is responsible for paying for the goods to be put on land and transported to where they are needed 7COMMERCETRANSPORT ex warehouse an ex warehouse price is one where the seller makes the goods available at a particular warehouse, and the buyer is responsible for arranging and paying for the goods to be transported to where they are needed 8FINANCE used with a share price or bond price to show that the price does not include particular advantages that have been or will soon be available and that might be included, but which instead go the seller → compare cum 9FINANCE ex all an ex all price for shares is one without any of the advantages that have been or will soon be available, for example DIVIDENDs or RIGHTS ISSUEs 10FINANCE ex capitalization (also ex capitalisation British EnglishBrE) if shares are sold ex capitalization, the buyer does not have the right to a BONUS ISSUE that has been made 11FINANCE ex coupon/interest if bonds are sold ex coupon or ex interest, the buyer does not have the right to a particular interest paymentDebentures were quoted 6 5/8 points lower at 113 3/8, reflecting the fact the bonds went ex coupon yesterday.
12FINANCE ex dividend if shares or bonds are sold ex dividend, the buyer does not have the right to a particular DIVIDEND payment, or with bonds, to a particular interest paymentShares in the firm, which issued a profits warning last month, are expected to fall further today when the stock goes ex dividend.
13FINANCE ex interest when the price of bonds is ex interest, the person who buys them will not receive the next interest payment on them 14FINANCE ex rights if shares are sold ex rights, the buyer does not have the right to new shares in a particular RIGHTS ISSUEThe shares, traded ex rights, finished SFr17 higher at 1,718.
→ see also ex VAT