v. receiver swaption

v. call/put parity

Number of traded put options in relation to the number of traded calls.

abbr: Present Value of a Basispoint The PVBP expresses the change of the value of a financial instrument or an entire portfolio, if the interest rate level changes by 1 basispoint (1/100 of one percentage point) also called: DV01 (Dollar value of 01)

Examines the impact of new regulations in the financial system

a tender procedure of central banks applied for open market transactions. In q.t. the interest rate is fixed by the central bank. If the demanded amount exceeds the central banks supply, the central bank allocates just a certain portion (e.g. 40 %) of all bids. opposite: interest tender

interest rate swap, where a variable rate of one currency is swapped against the variable rate of another currency,typically the settlements are made in only one currency

the maximum amount, for which a trader is permitted to quote prices

A binding quotation from a liquidity provider (specialist or market maker) entered into a trading arrangements at which buy and sell orders are placed simultaneously.

On the stock market a name for strongly rising prices. Often referred to as stock market rally or rally.

interest rate swap in which the change of the variable interest rate is limited, in respect of the previous period

another designation for differetial swap

see exchange price

creditworthiness of a spedific security issue or a particular borrower as evaluated by a rating agency

Rating agencies rate the creditworthiness of an issuer and debt instruments using a standardized procedure on short- and long-term periods. The credit rating is expressed in combinations of letters, the highest one is AAA. The best-known rating agencies are Standard & Poor's, Moody's and Fitch.

An assessment of the risk of an obligor on the basis of a specified set of rating criteria. From this assessment, an estimate of the probability of default (PD) is derived.

Funds that do not invest in securities but primarily in real property (land and buildings).

provides information about changes in purchasing power of the capital employedIt is the nominal interest rate after deduction of the rate of inflation

An indication whose value is recalculated after each price event without delay.

If earnings are reinvested all the income earned is invested again. Therefore investors will not receive any distributions during the year.