yield curve with lower short term rates than long term ratesalso called: positive yield curve, steep yield curve

see fair price

In case of novation netting the assets and liabilities of two transactions are netted on the day of recognition by a novation agreement.

abbr. New York Stock Exchange

A cross-border European stock exchange, originally created in 2000 from the merger of the Amsterdam, Brussels and Paris stock exchanges. In 2001 and 2002, respectively, Euronext acquired the London International Financial Futures and Options Exchange (LIFFE) and the Portuguese stock exchange, Bolsa de Valores de Lisboa e Porto (BVLP), in order to become one of the world's largest exchanges. 2006 Euronext completed their agreed merger with the NYSE Group, resulting in the formation of NYSE Euronext.

v. overnight

v. bond

abbr. Organization for Economic Cooperation and Developement

v. Ask-rate

abbr. Overnight Indexed Swap interest rate swap where the floating rate is linked to an overnight index, available for short terms (up to 1 year) and used in money markets contrary to regular IRS, the floating rate is not paid at every fixing date, but at maturity date as an effective interest rate, i.e. considering compound interest types of OIS: EUR: EONIA swap USD: Fed Funds swap GBP: SONIA Swap CHF: TOIS

(Unsecured exposure) The unsecured part of loans.

Sum of all received in an underlying futures contracts that have not been closed out or exercised yet.

The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system. Purchases inject money into the banking system and stimulate growth while sales of securities do the opposite.

Interest rate for refinancing of commercial banks by the Austrian National Bank. Commercial banks sell securities to the Austrian National Bank. After an agreed period the commercial banks have to buy back the securities increased by the GOMEX rate.

a repo with unspecified maturity, i.e. with a maturity until further notice,It can be ceased both by the buyer and the seller

Transaction which creates a new long or short position.

The price at which a security first trades upon the opening of an exchange on a given trading day. (in contrast to the closing price)

The term operational risk is refered to risks within the company that may cause damage in a company. Under Basel II, in addition to the credit risk and market risk, operational risk is used to calculate the required equity capital for the first time.

An option is an agreement between two parties whereby one party (the option holder, buyer) has the right to perform a specified transaction having specified terms with the other party (the option issuer, seller). In finance, options are a type of derivative instrument. They are traded on exchanges as well as over the counter. They are linked to a variety of underliers including stocks, baskets of stocks, bonds, currencies, futures, swaps and commodities. While financial options come in many forms, there are two basic types: A call option gives the holder the right to purchase a specified quantity of the underlying at a specified strike price by a specified expiration date. A put option gives the holder the right to sell a specified quantity of the underlying at a specified strike price by a specified expiration date.

similar to convertible bond with the distinction, that the option can be traded apart from the bond