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An Australian organisation of conservative politicians, businessmen, academics and commentators ...
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A dealer who takes a haircut takes a small give-up on a deal (often because he or she believes ...
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Australian money-market jargon for $500 000 - half a million dollars.
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A London borough which gained a high profile in the late 1980s when it became very active ...
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The report of a committee of inquiry, produced in 1985, into possible reform to the Australian ...
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Similar to a round robin, a process where at every stage the same sum of money appears as ...
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The Hong Kong Stock Exchange's share price index, equivalent to the US's Dow Jones, Australia's ...
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Named after the ritual form of suicide in Japan, this is a swap without a profit margin, dealt ...
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Journalese for a stable currency, well supported by reserves, which is in demand in world ...
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A sharp slowing in the pace of growth from robust (and seen as unsustainably so) to low levels ...
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Also wedding warrant. See also: warrant.
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Abbrev. highest average salary.
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An individual or agency which specialises in finding talented executives for organisations ...
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See also: inflation.
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A type of dual-currency bond, originated in Japan in the mid-1980s, where the amount of principal ...
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See also: hedge market.
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A vehicle, American in origin, enabling wealthy individuals to speculate on high-risk markets. ...
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An alternative market for covering foreign-exchange risk which grew in the 1970s before Australia ...
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The rate used as the basis for settling hedge contracts maturing that day. The rate is calculated ...
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The hedge market price for contracts deliverable in two working days. See also: spot.
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Taking steps to protect against, or at least reduce, a risk; a form of insurance. The term ...
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See also: cross-currency settlement risk.
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Abbrev. Hong Kong Inter Bank Offered Rate.
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Assets or wealth of a company that cannot easily be detected from reading its balance sheet, ...
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See also: junk bonds.
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The highest average annual salary of an employee over any three consecutive years, it was ...
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Released in 1993, the report - formally The National Competition Policy Report, commissioned ...
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A type of lookback option, this gives the holder the right, while the option is valid, to ...
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Buying goods by instalment payments. The 'hirer' has the use of the goods while paying for ...
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See also: volatility.
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The traditional method of accounting, where assets are valued at their original cost, less ...
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A practice that allows maturing foreign-exchange contracts to be rolled over (continued) for ...
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A dealer who has been 'hit on the screen' is obliged to deal at the rate displayed as his ...
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Abbrev. Housing Loans Insurance Corporation.
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The person who buys a bill of exchange in good faith and without notice of any defect in the ...
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A company owning a controlling quantity of shares in one or more other companies. Such a company ...
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Issued in the UK and backed by mortgages. Abbrev. HOMES.
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Abbrev. home-owner mortgage eurosecurities.
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The rate offered on interbank deposits in Hong Kong; the equivalent of the UK's LIBOR. Abbrev. ...
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See also: option spread.
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A security, such as a bond, which is issued simultaneously with, and related or linked to, ...
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Money on the move; the bucks that stop only briefly (often just overnight) and move on in ...
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An account operated by a brokerage firm, bank or investment bank acting on its own behalf, ...
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In the Australian economy, all individuals and unincorporated organisations such as partnerships ...
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Following financial deregulation and increased competition among banks and other lenders to ...
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Established in 1965 to fill a perceived gap in the mortgage insurance market by covering lenders ...
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The expected rate of return on a potential investment that an investment manager demands before ...
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Your own money - the portion of funds provided by a borrower in a transaction that is a combination ...
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A debt instrument that combines the features of debt and equity. Also hybrid security.
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Uncontrolled inflation in which the prices of goods may rise by hundreds of percentage points ...
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See also: letter of hypothecation.
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