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
G
- Geared Futures and Options Fund (GFOF)
- Type of authorized unit trust which can invest in derivatives.
- Gearing
- The characteristic of derivatives which enables a far greater reward for the same, or much smaller, initial outlay. It is the ratio of exposure to investment outlay, and is also known as leverage.
- General principles
- Ten fundamental principles of behaviour written by the FSA to apply to all investment businesses.
- Generic
- A generic swap is one for a standard period, against a standard fixing benchmark such as LIBOR.
- Gilt
- Domestic sterling-denominated long-term bond backed by the full faith and credit of the UK and issued by the Treasury.
- Gilt-edged market-makers (GEMMs)
- A firm that is a market-maker in gilts. Also known as a primary dealer.
- Gilt-edged security
- UK government borrowing.
- Give-up
- The process of giving a trade to a third party who will undertake the clearing and settlement of the trade.
- Global bond
- A (temporary) certificate representing the whole of a bond issue.
- Global clearing
- The channelling of the settlement of all futures and options trades through a single counterparty or through a number of counterparties geographically located.
- Global custodian
- Institution that safekeeps, settles and performs processing of income collection, tax reclaim, multicurrency reporting, cash management, foreign exchange, corporate action and proxy monitoring etc. for clients' securities in all required marketplaces.
- Global depository receipt (GDR)
- A security representing shares held in custody in the country of issue.
- GLOBEX
- The overnight trading system operated by Reuters and the Chicago Mercantile Exchange (CME).
- Good...
Copyright David Loader 2002 under license agreement with Books24x7
