- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Measured by the R-square in a regression of spot rate changes on futures price changes.
Industry:Financial services
An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans.
Industry:Financial services
Practice mandated by the SEC that open-end investment companies establish all incoming buy and sell orders on the next net asset valuation of fund shares.
Industry:Financial services
For options, ratio between the change in an option's theoretical value and the change in price of the underlying stock at a given point in time. For convertibles, percentage of a convertible bond representing the number of underlying common shares sold against the shares into which bonds are convertible. If a preferred is convertible into 2000 common shares, a 75% hedge ratio would be short (long) 1500 common for every 1000 preferred long (short). See: Delta.
Industry:Financial services
Arms of the federal government exempt from SEC registration whose securities are backed by the full faith and credit of the US government (with the exception of the Tennessee Valley Authority).
Industry:Financial services
A projection of future interest rates calculated from either spot rates or the yield curve.
Industry:Financial services
An options strategy in which an investor with a long position in an underlying stock buys an out-of-the-money put and sells an out-of-the-money call. The hedge wrapper defines a range where the stock will be sold at expiration of the option, which way the stock moves.
Industry:Financial services
A wire transfer system for high-value payments operated by the Federal Reserve System.
Industry:Financial services
Agreement to borrow or lend at a specified future date at an interest rate that is fixed today.
Industry:Financial services
A portfolio consisting of a long position in the stock and a long position in the put option on the stock, so as to be riskless and produce a return that equals the risk-free interest rate.
Industry:Financial services
