Understanding the Markets
This text is a comprehensive resource from a leading financial management consultant for global banks and institutions which looks at the financial markets that support the trading, dealing and investment processes.
TABLE OF CONTENTS Understanding the Markets
D
- Daily cash sweep
- The action of investing a client's cash balance that would otherwise lie idle overnight, in an interest bearing deposit or investment vehicle. Generally performed on an overnight basis.
- Daily Official List
- London Stock Exchange document which provides record of prices at which all stocks were traded on the previous day.
- Day count fraction
- The proportion of a year by which an interest rate is multiplied in order to calculate the amount accrued or payable.
- Dealer
- Individual or firm that acts as principal in all transactions, buying for his own account.
- Debenture
- Another name for a corporate bond - usually secured on assets of the company.
- Default
- Failure to perform on a futures contract, either cash settlement or physical settlement.
- Deferred share
- A class of share where the holder is only entitled to a dividend if the ordinary shareholders have been paid a specified minimum dividend.
- Definitive bond
- Any bond issued in final form. It is used particularly in reference to permanent bonds for which Temporary Bonds or Interim Certificates were issued.
- Deliverable basket
- The list of securities which meets the delivery standards of futures contracts.
- Delivery
- The physical movement of the underlying asset on which the derivative is based from seller to buyer.
- Delivery versus payment
- Settlement where transfer of the security and payment for that security occur simultaneously.
- Delta
- The sensitivity of an option price to changes in the price of the underlying product.
- Demand deposit account
- A loan or checking account that gives its...
Copyright David Loader 2002 under license agreement with Books24x7
