|
|
|
|
|
|
Abbrev. obligations assimilables du Tresor.
|
|
|
|
|
|
|
French government bonds, the basis of the French bond futures and options contracts. Abbrev. ...
|
|
|
|
|
|
|
|
Abbrev. offshore banking unit. See also: offshore.
|
|
|
|
|
|
|
|
See also: broken date.
|
|
|
|
|
|
top
|
|
A parcel of securities that does not conform to the stockmarket's conventional round numbers ...
|
|
|
|
|
|
|
|
A description of a forward contract such as a forward-rate agreement (FRA) whose starting ...
|
|
|
|
|
|
|
|
Abbrev. Organisation for Economic Cooperation and Development.
|
|
|
|
|
|
|
|
Away from the stock exchange or futures exchange trading floor. It can refer to any transactions ...
|
|
|
|
|
|
|
|
Infrequently traded; descriptive of stock that languishes in an inactive market. See also: ...
|
|
|
|
|
|
top
|
|
Methods of raising funds which are not reflected in a company's balance sheet. Examples are ...
|
|
|
|
|
|
|
|
An instrument or contract, such as a swap or option, that changes a company's risk profile ...
|
|
|
|
|
|
|
|
See also: non-par swap.
|
|
|
|
|
|
|
|
The price at which a trader is willing to sell or lend. Also come at, I give/sell/offer at.
|
|
|
|
|
|
|
|
The company which is the object of a takeover bid; the bid is made by the offeror to the shareholders ...
|
|
|
|
|
|
top
|
|
The acquirer, the party making the bid in a takeover. See also: takeover.
|
|
|
|
|
|
|
|
See also: authorised dealer.
|
|
|
|
|
|
|
|
A term used in describing trades in other than domestic currency. Offshore transactions are ...
|
|
|
|
|
|
|
|
A financial institution carrying out offshore trades. Offshore banking has been regarded as ...
|
|
|
|
|
|
|
|
Risk-management products whose underlying instrument is an oil index.
|
|
|
|
|
|
top
|
|
An affectionate term for the Bank of England, the UK's central bank, which is located in Threadneedle ...
|
|
|
|
|
|
|
|
A system of land title where a purchaser receives a title that is only as good as that which ...
|
|
|
|
|
|
|
|
A situation in which an industry is dominated by a few companies. Oligopoly has similar effects ...
|
|
|
|
|
|
|
|
A market characterised by a small number of buyers who are able to influence prices. See ...
|
|
|
|
|
|
|
|
Protected by a form of insurance or offsetting transaction. The phrase would typically be ...
|
|
|
|
|
|
top
|
|
Literally, on the trading floor of the stock exchange, although an increasing number of exchanges ...
|
|
|
|
|
|
|
|
On the stock exchange floor, as in 'on-market offer'. See also: takeover.
|
|
|
|
|
|
|
|
Stock that is being actively traded is 'on the run'. See also: off the run.
|
|
|
|
|
|
|
|
See also: promissory note.
|
|
|
|
|
|
|
|
Circumstances in which most market participants hold the same view (or have underlying business ...
|
|
|
|
|
|
top
|
|
To lend funds that have been borrowed from one party to a third party, often within a short ...
|
|
|
|
|
|
|
|
To sell securities or other assets which have just been bought; as with 'onlend', it implies ...
|
|
|
|
|
|
|
|
Similar to 'onsell'; a dealer in the money market trades in securities and assets which have ...
|
|
|
|
|
|
|
|
Abbrev. Organisation of Petroleum Exporting Countries.
|
|
|
|
|
|
|
|
A cheque which has not been crossed or marked 'not negotiable', which can be cashed at the ...
|
|
|
|
|
|
top
|
|
A loose description of an economy where goods, services and funds flow freely in and out; ...
|
|
|
|
|
|
|
|
The number of open contracts in a futures market or in a particular class of options. The ...
|
|
|
|
|
|
|
|
A trading method where dealers call their bids and offers aloud on the trading floor of an ...
|
|
|
|
|
|
|
|
In foreign-exchange trading, an exposure to exchange-rate movements; assets denominated in ...
|
|
|
|
|
|
|
|
The activities of central banks in the market. In Australia, this refers to the Reserve Bank's ...
|
|
|
|
|
|
top
|
|
A lease under which the lessor (the owner) effectively retains most of the risks and benefits ...
|
|
|
|
|
|
|
|
The after-tax profit or loss made by a business from its ordinary revenue-producing activities. ...
|
|
|
|
|
|
|
|
The value of a benefit forgone in favour of an alternative course of action. The concept is ...
|
|
|
|
|
|
|
|
The best or most desirable situation, one which makes the most of some objective function; ...
|
|
|
|
|
|
|
|
A contract which gives the holder, in return for paying a premium to the option seller, the ...
|
|
|
|
|
|
top
|
|
See also: floortion.
|
|
|
|
|
|
|
|
See also: swaption.
|
|
|
|
|
|
|
|
A strategy used by an options trader hoping to gain from the difference between the prices ...
|
|
|
|
|
|
|
|
Company shares on which options are traded. The Australian Stock Exchange allows option trading ...
|
|
|
|
|
|
|
|
A strategy which uses both a put and call option. The trader who buys a straddle (buys a put ...
|
|
|
|
|
|
top
|
|
A seller of an option.
|
|
|
|
|
|
|
|
An order which gives a futures trader a degree of latitude which would be defined as, for ...
|
|
|
|
|
|
|
|
Fully paid shares which carry voting rights but rank after debentures and preference shares ...
|
|
|
|
|
|
|
|
An organisation formed in 1961, as part of the Marshall Plan for post-war European recovery, ...
|
|
|
|
|
|
|
|
A formal grouping of major producers and exporters of crude oil, able to set world oil prices ...
|
|
|
|
|
|
top
|
|
One of the oldest of Japan's eight stock exchanges and second-largest in the country after ...
|
|
|
|
|
|
|
|
Abbrev. Osaka Securities Exchange.
|
|
|
|
|
|
|
|
An elementary legal concept that authority is implied, though a lawyer would point out the ...
|
|
|
|
|
|
|
|
See also: troy ounce.
|
|
|
|
|
|
|
|
An option that cannot be exercised at a profit. An out-of-the-money option is a call option ...
|
|
|
|
|
|
top
|
|
The sack. This delicate substitute was in popular use by the end of the 1980s, when companies ...
|
|
|
|
|
|
|
|
A total forward price for a currency or a commodity, comprising the spot rate and the forward ...
|
|
|
|
|
|
|
|
See also: leads and lags.
|
|
|
|
|
|
|
|
An issue of securities that trades outside the fees loses money for the underwriter. To encourage ...
|
|
|
|
|
|
|
|
A fashionable word, much loved by bureaucrats, meaning the buying of goods and services as ...
|
|
|
|
|
|
top
|
|
Any portion of what is deemed standard pay that is surplus to the amount set in a minimum ...
|
|
|
|
|
|
|
|
A market where commodities and instruments are traded between bank or investment bank and ...
|
|
|
|
|
|
|
|
Options that can be tailored to individual clients' needs. The client arranges the option ...
|
|
|
|
|
|
|
|
A financial system with too many banks (in their view) to enable them individually to generate ...
|
|
|
|
|
|
|
|
Traded to an extent where the price has been pushed to an apparently unrealistic and unsustainable ...
|
|
|
|
|
|
top
|
|
To spend more on improvements to an asset than can be regained on its sale. You buy an old ...
|
|
|
|
|
|
|
|
What you need before you can even contemplate overcapitalising. Banks allow selected customers ...
|
|
|
|
|
|
|
|
Costs incurred whether you make a profit or not, such as salaries, rent, electricity, wear ...
|
|
|
|
|
|
|
|
The result of a high level of economic activity which, while basically a good thing, can put ...
|
|
|
|
|
|
|
|
Dealing today for tomorrow. It can also refer to the shortest short-date swap and the most ...
|
|
|
|
|
|
top
|
|
Funds lent for the shortest period for which they can earn interest (except through daylight ...
|
|
|
|
|
|
|
|
The opposite of overbought. A commodity which has been oversold is one whose prices have been ...
|
|
|
|
|
|
|
|
An issue of stock in which the value of applications exceeds the amount to be issued. Finance ...
|
|
|
|
|
|
|
|
A currency whose quoted or traded rate is above what the market believes to be its correct ...
|
|
|
|
|
|
