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
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- JASDEC
- Japan Securities Depository Centre - the CSD for Japan.
- JATS
- Jakarta Automated Trading System.
- JET
- Johannesburg Electronic Trading.
- JSCC
- Japan Securities Clearing Corporation - clearing organization in Japan.
- JSE
- Johannesburg Stock Exchange.
- Junk bonds
- High-risk bonds that have low ratings or are in default.
- Kas-Associate
- Settlement bank for the Netherlands.
- KATS
- Dealing system for the Korean Stock Exchange.
- KELER
- Clearing and depository for the Budapest Stock Exchange.
- Knock-in-option
- An option which is activated if a trigger level is reached.
See also Barrier option.
See also Knock-out option.
- Knock-out option
- An option which is cancelled if a trigger level is reached.
See also Barrier option.
See also Knock-in-option.
- Korea Securities Depository
- CSD and clearing organization for the Korean Stock Exchange.
- 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.
- Layering
- The second stage of money laundering, in which the money is passed through a series of transactions to obscure its origin.
See also Placement.
See also Integration.
- LCH
- London Clearing House.
- Lead managers
- In the eurobond markets the description given to the securities house appointed to handle a new issue.
- Leverage
- The magnification of gains and losses by only paying for part of the underlying...
Copyright David Loader 2002 under license agreement with Books24x7
