Relationship and Resource Management in Operations
This text explains in practical terms the importance of the business relationships with internal and external counterparts while demonstrating how things can go wrong and what causes the situation.
TABLE OF CONTENTS Relationship and Resource Management in Operations
J-L
- JASDEC
- Japan Securities Depository Centre the CSD for Japan.
- JSCC
- Japan Securities Clearing Corporation clearing organization in Japan.
- Last notice day
- The final day that notification of delivery of a futures contract will be possible. On most exchanges all outstanding short futures contracts will be automatically delivered to open long positions.
- Last trading day
- Often the day preceding last notice day which is the final opportunity for holders of long positions to trade out of their positions and avoid ultimate delivery.
- LCH
- London Clearing House.
- Leverage
- The magnification of gains and losses by only paying for part of the underlying value of the instrument or asset; the smaller the amount of funds invested, the greater the leverage. It is also known as gearing.
- LIBID
- The London inter-bank bid rate. The rate at which one bank will lend to another.
- LIBOR
- The London inter-bank offered rate. It is the rate used when one bank borrows from another bank. It is the benchmark used to price many capital market and derivative transactions.
- LIFFE
- London International Financial Futures and Options Exchange.
- Liquidity
- A liquid asset is one that can be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked price is narrow and reasonable size can be done at those quotes.
- Liquidity risk
- The risk that a bank may not be able to close out a position because the...
Copyright David Loader 2002 under license agreement with Books24x7
