|
|
|
|
|
|
The top credit rating accorded by ratings agencies such as the US's Moody's Investors Service ...
|
|
|
|
|
|
|
Abbrev. Australian Accounting Research Foundation.
|
|
|
|
|
|
|
|
Abbrev. Australian Bankers' Association.
|
|
|
|
|
|
|
|
Terms and conditions formerly applying to forward-rate agreements (FRAs), recommended by the ...
|
|
|
|
|
|
top
|
|
An accounting term describing events that arise in the normal course of a company's business ...
|
|
|
|
|
|
|
|
A bond, debenture, share or other security which is at a price higher than its face value ...
|
|
|
|
|
|
|
|
All items in the profit-and-loss statement that are included in determining the operating ...
|
|
|
|
|
|
|
|
1.abbrev. asset-backed security.abbrev. 2.Australian Bureau of Statistics.
|
|
|
|
|
|
|
|
This explains business investment in terms of a disproportionate adjustment to changes in ...
|
|
|
|
|
|
top
|
|
The acknowledgment of, and agreement to abide by, the terms of a contract.
|
|
|
|
|
|
|
|
A commission charged by a bank or merchant bank for the drawing of bills of exchange under ...
|
|
|
|
|
|
|
|
One of a select group of UK merchant banks whose main function is 'accepting' bills of exchange, ...
|
|
|
|
|
|
|
|
The party to whom a bill of exchange is addressed and who accepts the primary liability to ...
|
|
|
|
|
|
|
|
The type of bill of exchange most commonly used in Australian financial markets. The accommodation ...
|
|
|
|
|
|
top
|
|
See also: Statement of Accord.
|
|
|
|
|
|
|
|
The profession that specialises in the organised classification, recording and analysing, ...
|
|
|
|
|
|
|
|
The application of the process of analysing and recording, in money terms, the financial transactions ...
|
|
|
|
|
|
|
|
The period of time for which a company reports on its financial activity, usually one year, ...
|
|
|
|
|
|
|
|
Specific accounting policies concerning particular topics or industries, providing descriptions ...
|
|
|
|
|
|
top
|
|
Amounts owed by a business or individual, usually for goods bought or services rendered.
|
|
|
|
|
|
|
|
A swap whose notional principal increases (whereas with conventional swaps the notional principle ...
|
|
|
|
|
|
|
|
The method of adjusting accounts to allow for expenses and revenue when they are generated ...
|
|
|
|
|
|
|
|
Expenses incurred but not yet paid.
|
|
|
|
|
|
|
|
Interest accounted for but not yet due for payment; a receivable not yet due. See also: ...
|
|
|
|
|
|
top
|
|
Income earned but not yet received.
|
|
|
|
|
|
|
|
See also: unappropriated profits.
|
|
|
|
|
|
|
|
A type of superannuation fund in which the benefit a member receives reflects total contributions ...
|
|
|
|
|
|
|
|
An index, such as a share price index, which measures both price and income on the assumption ...
|
|
|
|
|
|
|
|
See also: current ratio, liquid ratio.
|
|
|
|
|
|
top
|
|
In most instances, or as a whole. The phrase 'interest rates rose across the board' indicates ...
|
|
|
|
|
|
|
|
Abbrev. Australian Council of Trade Unions.
|
|
|
|
|
|
|
|
A professional mathematician who takes gambling to the status of a fine science. Actuaries ...
|
|
|
|
|
|
|
|
Abbrev. Asian currency unit.
|
|
|
|
|
|
|
|
'according to value'. The phrase is used when a duty or tax on an item is levied as a percentage ...
|
|
|
|
|
|
top
|
|
Abbrev. Asian Development Bank.
|
|
|
|
|
|
|
|
Abbrev. approved deposit fund.
|
|
|
|
|
|
|
|
See also: dual-currency bond. Abbrev. ALPS.
|
|
|
|
|
|
|
|
See also: variable rate mortgage. Abbrev. ARM.
|
|
|
|
|
|
|
|
1. abbrev. alternative dispute resolution, 2. abbrev. American depositary receipt.
|
|
|
|
|
|
top
|
|
Any extension of credit. Bankers talk of advances when the rest of us say loans. An advance ...
|
|
|
|
|
|
|
|
Abbrev. Australian Finance Conference.
|
|
|
|
|
|
|
|
Abbrev. Australian Federation of Credit Unions Limited.
|
|
|
|
|
|
|
|
A voluntary statement of facts sworn or affirmed before a witness of a category described ...
|
|
|
|
|
|
|
|
Abbrev. Australian Financial Institutions Commission.
|
|
|
|
|
|
top
|
|
Abbrev. Australian Financial Markets Association.
|
|
|
|
|
|
|
|
Abbrev. ASEAN Free Trade Area.
|
|
|
|
|
|
|
|
The yield from an investment after the nominal earnings are reduced by income tax and the ...
|
|
|
|
|
|
|
|
A country's demand for goods and services, usually identified as gross domestic product minus ...
|
|
|
|
|
|
|
|
What is produced in a country for domestic consumption, plus its imports.
|
|
|
|
|
|
top
|
|
The fee charged for changing one form of money for another; eg, silver to gold, paper to metal. ...
|
|
|
|
|
|
|
|
The moneychanging business; also, stock-jobbing or speculating in securities.
|
|
|
|
|
|
|
|
Abbrev. annual general meeting.
|
|
|
|
|
|
|
|
Abbrev. Association of International Bond Dealers.
|
|
|
|
|
|
|
|
A US term describing a share that has fallen abruptly, usually following the release of bad ...
|
|
|
|
|
|
top
|
|
At its simplest, a series of formulae - a model - used to solve a problem. The Black-Scholes ...
|
|
|
|
|
|
|
|
An option whose pay-off is predetermined if the underlying asset or index is at or beyond ...
|
|
|
|
|
|
|
|
An Australian Stock Exchange measure of the share-price movements of more than 300 Australian ...
|
|
|
|
|
|
|
|
Instruments which securitise the price movement in Australian domestic shares, as represented ...
|
|
|
|
|
|
|
|
A US commodity traders' expression for a transaction where the commission is so large that ...
|
|
|
|
|
|
top
|
|
A popular variety of pension or annuity purchased with a superannuation payout on retirement. ...
|
|
|
|
|
|
|
|
The strip of paper attached to a bill of exchange to provide extra space for endorsement signatures ...
|
|
|
|
|
|
|
|
The abnormal return on an overvalued or undervalued investment. Analysts employ asset-pricing ...
|
|
|
|
|
|
|
|
Abbrev. adjustable long-term puttable securities.
|
|
|
|
|
|
|
|
Settling commercial disagreements by negotiation and arbitration instead of litigation. ADR ...
|
|
|
|
|
|
top
|
|
An option on the return of the best call or worst put from two or more securities or indexes ...
|
|
|
|
|
|
|
|
Abbrev. Australian Merchant Bankers Association. See also: International Banks and Securities ...
|
|
|
|
|
|
|
|
A document, held by a US bank, representing shares owned by a US citizen in an overseas company. ...
|
|
|
|
|
|
|
|
An option that is tradeable and can be exercised at any time up to the date it is due to expire. ...
|
|
|
|
|
|
|
|
Located in Manhattan, New York, this exchange ranks in the top half-dozen US exchanges in ...
|
|
|
|
|
|
top
|
|
Abbrev. American Stock Exchange.
|
|
|
|
|
|
|
|
An accounting description of the writing-down of the book value of an asset over time or the ...
|
|
|
|
|
|
|
|
An interest-rate cap covering decreasing notional principal amounts which usually reflect ...
|
|
|
|
|
|
|
|
An interest-rate collar covering decreasing notional principal amounts.
|
|
|
|
|
|
|
|
An interest-rate option covering decreasing notional principal amounts.
|
|
|
|
|
|
top
|
|
An interest-rate swap with a decreasing principal amount. Preferably the amortisation schedule ...
|
|
|
|
|
|
|
|
The yearly gathering of the directors and shareholders of a company. AGMs are open to all ...
|
|
|
|
|
|
|
|
An investment designed to produce retirement income, usually managed, for a fee, by a life ...
|
|
|
|
|
|
|
|
A swap involving an initial payment or receipt then an exchange of equal coupons during the ...
|
|
|
|
|
|
|
|
In financial markets, as elsewhere, a departure from the norm. Traders talk of anomalies in ...
|
|
|
|
|
|
top
|
|
Abbrev. Australian Payments Clearing Association.
|
|
|
|
|
|
|
|
Abbrev. Asia Pacific Economic Cooperation.
|
|
|
|
|
|
|
|
The use of economic theory in the analysis of real-world situations. It often highlights the ...
|
|
|
|
|
|
|
|
The increase in the value of an asset or the increase in the value of a currency against other ...
|
|
|
|
|
|
|
|
A fund with particular taxation advantages, designed to accommodate sums of money which would ...
|
|
|
|
|
|
top
|
|
Abbrev. automated pit trading.
|
|
|
|
|
|
|
|
To take advantage of different rates, prices or conditions between different markets or maturities. ...
|
|
|
|
|
|
|
|
Abbrev. ASEAN Regional Forum.
|
|
|
|
|
|
|
|
Abbrev. adjustable rate mortgage. See also: VRM.
|
|
|
|
|
|
|
|
Amounts - such as rent, interest or instalments - owed but not yet paid.
|
|
|
|
|
|
top
|
|
See also: in-arrears swap.
|
|
|
|
|
|
|
|
A provision of Japan's Securities Exchange Law, enacted after the Second World War, which ...
|
|
|
|
|
|
|
|
The documents that define a company's constitution, setting out the rules by which the company ...
|
|
|
|
|
|
|
|
Abbrev. Australian Securities Commission.
|
|
|
|
|
|
|
|
Abbrev. Association of South-East Asian Nations.
|
|
|
|
|
|
top
|
|
A grouping of the six ASEAN member nations - Thailand, Singapore, Malaysia, Indonesia, the ...
|
|
|
|
|
|
|
|
Established in July 1993 as the first region-wide forum specifically aimed at discussing political ...
|
|
|
|
|
|
|
|
Abbrev. Association of Superannuation Funds of Australia.
|
|
|
|
|
|
|
|
A kind of Asian OECD though on less formal lines, this seventeen-nation forum was established ...
|
|
|
|
|
|
|
|
An arrangement between Bangladesh, Burma, India, Iran, Nepal, Pakistan and Sri Lanka to settle ...
|
|
|
|
|
|
top
|
|
The department of a Singapore bank which is licensed by the Monetary Authority of Singapore ...
|
|
|
|
|
|
|
|
Founded in 1966 as a regional version of the World Bank, headquartered in Manila, to provide ...
|
|
|
|
|
|
|
|
Bonds issued in, say, Hong Kong or Singapore, denominated in $US.
|
|
|
|
|
|
|
|
See also: dragon market.
|
|
|
|
|
|
|
|
The unit of account used by the member countries of the Asian Clearing Union. It has the same ...
|
|
|
|
|
|
top
|
|
See also: average price/rate option.
|
|
|
|
|
|
|
|
A short-dated, capital-guaranteed certificate of deposit linked to the All-Ordinaries share ...
|
|
|
|
|
|
|
|
Abbrev. All-Ordinaries share price riskless indexed notes.
|
|
|
|
|
|
|
|
Anything of value. Assets can be in the form of money, such as cash at the bank or amounts ...
|
|
|
|
|
|
|
|
Selecting and weighting assets in an investment portfolio.
|
|
|
|
|
|
top
|
|
What's behind your shares. To find out their net asset backing, divide the estimated value ...
|
|
|
|
|
|
|
|
Buying an undervalued company and selling off some or all of its assets. A company's market ...
|
|
|
|
|
|
|
|
A financial instrument secured by a pool of assets such as property, a mortgage or credit-card ...
|
|
|
|
|
|
|
|
A swap where the fixed payment stream of the swap is generated by an asset, eg, a bond, held ...
|
|
|
|
|
|
|
|
A company of which between 20 and 50 per cent is owned by another.
|
|
|
|
|
|
top
|
|
An international society of foreign-exchange dealers with its headquarters in Paris.
|
|
|
|
|
|
|
|
A professional association of more than 350 member institutions, formed in Zurich, Switzerland, ...
|
|
|
|
|
|
|
|
An alliance formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand ...
|
|
|
|
|
|
|
|
The professional body of the superannuation industry. The association presents the views of ...
|
|
|
|
|
|
|
|
The term commonly used in connection with life policies, which do not depend on a possibility, ...
|
|
|
|
|
|
top
|
|
Abbrev. ASX Settlement and Transfer Corporation.
|
|
|
|
|
|
|
|
Abbrev. Australian Stock Exchange Limited.
|
|
|
|
|
|
|
|
The Australian Stock Exchange's derivatives market, trading a range of options over shares.
|
|
|
|
|
|
|
|
The operator of the Clearing House Electronic Subregister System which settles ASX transactions ...
|
|
|
|
|
|
|
|
Able to be withdrawn on demand or without notice. In the short-term money market, funds can ...
|
|
|
|
|
|
top
|
|
See also: market order.
|
|
|
|
|
|
|
|
See also: par value.
|
|
|
|
|
|
|
|
A term used in option trading to describe an exercise (or strike) price that is at or about ...
|
|
|
|
|
|
|
|
A futures trader may execute an at-best order at a price that he or she believes to be the ...
|
|
|
|
|
|
|
|
See also: Bermuda option.
|
|
|
|
|
|
top
|
|
Abbrev. automatic teller machine.
|
|
|
|
|
|
|
|
Abbrev. automated trading system.
|
|
|
|
|
|
|
|
A periodic, independent examination and verification of the assets and liabilities and financial ...
|
|
|
|
|
|
|
|
A group drawn from the board of directors of an organisation, with a majority of independent ...
|
|
|
|
|
|
|
|
The stockpile of records and source documents that enables accounting entries to be tracked ...
|
|
|
|
|
|
top
|
|
Full title The Australian Guide to AFMA/ISDA Standard Documentation, this provides standardised ...
|
|
|
|
|
|
|
|
Australia's answer to CEDEL and Euroclear; a computerised cash and securities settlement system ...
|
|
|
|
|
|
|
|
Established in 1986, jointly sponsored and funded by the Australian Society of Certified Practising ...
|
|
|
|
|
|
|
|
Responsible for issuing accounting standards, the board was established by section 224 of ...
|
|
|
|
|
|
|
|
A Canberra-based industry association established in 1964 to promote the Australia-wide development ...
|
|
|
|
|
|
top
|
|
Industry mouthpiece for the banks; it also undertakes research on banking issues. Abbrev. ...
|
|
|
|
|
|
|
|
The government's numbers machine. It can provide information about demography, debts, defence, ...
|
|
|
|
|
|
|
|
Watchdog and enforcement agency formed in late 1995 by a merger between the Trade Practices ...
|
|
|
|
|
|
|
|
See also: Industrial Relations Commission.
|
|
|
|
|
|
|
|
The central body organising trade union activity in Australia. It was formed in 1927 with ...
|
|
|
|
|
|
top
|
|
Formed in 1966 as a Sydney-based trade association to represent the interests of the credit-union ...
|
|
|
|
|
|
|
|
A national industry body of financial institutions in Australia, formed in 1958, it is concerned ...
|
|
|
|
|
|
|
|
The regulatory body, established in 1992, which supervises non-bank financial institutions ...
|
|
|
|
|
|
|
|
A national cooperative organisation created in 1986 in response to a need to streamline financial ...
|
|
|
|
|
|
|
|
See also: International Banks and Securities Association of Australia.
|
|
|
|
|
|
top
|
|
Jointly owned by the banks, (including the Reserve Bank), building societies and credit unions, ...
|
|
|
|
|
|
|
|
Established in 1991 as the successor to the National Companies and Securities Commission, ...
|
|
|
|
|
|
|
|
The largest professional accounting association in Australia, with more than 80,000 members. ...
|
|
|
|
|
|
|
|
A national organisation that came into being on 1 April 1987, replacing Australia's previous ...
|
|
|
|
|
|
|
|
The amount of equity capital, measured at par value, that a company is allowed to raise by ...
|
|
|
|
|
|
top
|
|
One of the companies nominated by the Reserve Bank of Australia as an operator in the 'official' ...
|
|
|
|
|
|
|
|
The electronic after-hours trading system used at LIFFE-LTOM (the product of the merger between ...
|
|
|
|
|
|
|
|
A computerised trading system that links major trading centres in a country. Abbrev. ATS.
|
|
|
|
|
|
|
|
A robotic cash-dispensing terminal which enables the client of a bank, building society or ...
|
|
|
|
|
|
|
|
An option whose settlement value is based on the difference between the strike and average ...
|
|
|
|
|
|
top
|
|
The most relied-upon measure of average wage costs, in terms of their impact on unit costs ...
|
|
|
|
|
|
|
|
The basic minimum rate of payment that can legally be made for any employee, excluding bonuses, ...
|
|
|
|
|
|
|
|
Superannuation contributions provided by an employer on behalf of employees, as set down by ...
|
|
|
|
|
|
|
|
Abbrev. average weekly ordinary-time earnings.
|
|
|
|
|
|
