(PRIBOR) interest rate which is determined in Czech crowns and at which banks lend money to each other.

over the counter trading before market opening

A stock with a preferred treatment for the dividend payment (dividend) but which has also some disadvantages. e.g. no voting rights

Exercise before the expiration date (only possible for American options).

another designation for option price

Current value of future cash flows, which are based on the observation date by discounting.

see PVBP also called: DV01 (Dollar value of 01)

abbr. of Prague Interbank offered Rate

see conversion factor

(PER) Specifies how often the earnings per share is included in the course. It is used for the valuation of shares. The higher the PER, the more expensive the security.

Change in value of a share

In contrast to the performance index a price index does not consider any dividends paid by the companies contained in it and is primarily used as a benchmark for the underlying market development (eg ATX).

Ratio at which the current stock price is divided by revenue per share. Sales per share are calculated: Revenue of the past 12 months divided by the number of shares outstanding.

(Vertical spread) Combined option strategy in which options of the same type are bought and sold at the same time and with the same maturities, but with different strike prices. One differentiates between bull spread, which is designed for increasing prices, and bear spread, which is designed for falling prices of the base value.

Determining the issue price

market for newly issued securitiesopposite: secondary market

From the individual returns of circulating debt securities in the primary market an average primary market return is calculated on a regular basis.

short-term interest rate charged by US-banks on borrowers with best creditworthiness

Identifies the sequence for price determination of the market price,in which buy and sell orders are collected up to a specified date. Thereafter, the rate is established, in which the largest turnover is generated.

The wide range of investors. Small investors who invest on their own account capital.