previously

see actual/360

(EONIA) The weighted average of overnight Euro Interbank Offer Rates for inter-bank loans. EONIA is the standard interest rate for Euro currency deposits. The European Central Bank is responsible for calculating the EONIA every day. www.euribor.org

Bond which is issued outside the home country of the issuer in the international capital market, normally not in the home currency of the issuer. It is common practise that the legal basis is English or US law.

the LIBOR for EUR calculated by the BBA,as the most important benchmark for the EUR replaced by EURIBOR

market for credits and deposits in euro-currenciesa currency becomes an euro-currency when it is dealt outside the country where it is legal tender

see Euronext

The EBA acts as network of the EU and national authorities and is responsible for safeguarding public values such as the stability of the financial system, the transparency of markets and financial products and the protection of depositors and investors and is equipped with wide-ranging competences.

The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed in Germany in June 1998 and works with the other national banks of each of the EU members to formulate monetary policy that helps maintain price stability in the European Union. The European Central Bank has been responsible for the monetary policy of the European Union since January 1, 1999, when the euro currency was adopted by the EU members. The responsibilities of the ECB are to formulate monetary policy, conduct foreign exchange, hold currency reserves and authorize the issuance of bank notes, among many other things.

The successor to the European Monetary System (EMS), the combination of European Union member states into a cohesive economic system, most notably represented with the adoption of the euro as the national currency of participating members.

An option in which the holder is entitled to exercise its option right only and exclusively on the expiration day.

see european option

the ESCB is composed of the ECB and of the national central banks. Its primary objective is to maintain price stability. Its basic tasks are to define and implement the monetary policy of the European currency area, to hold and manage the official reserves of the participating Member States and conduct foreign exchange operation, to promote the smooth operation od payment systems in the EUR-area

Consists of the European Central Bank (ECB) and the national central banks of the current 13 EU Member States which have adopted the euro in the third stage of the Economic and Monetary Union. The national central banks of the Member States which have not yet joined the euro area are amongst the European System of Central Banks (ESCB), but not to the euro system. The euro system perceives the sovereign rights in the field of monetary policy for the member states of the monetary union.

USD which are traded in the euro money market, ie outside of the home market. For example, USD traded in Tokyo.

The valuation of the fund's assets is important, since this determines the value of each share. Therefore, the valuation principles are given in any prospectus, according to the which the value of each share, or any portion of the fund's assets are determined. Basically a domestic investment fund may only acquire values for which there are regularly and objectively measurable values (prices) and which are traded on certain stock exchanges or organized markets (according to the fund rules). The acquisition of unlisted securities is only permitted if this is provided in the fund regulations and only to the specified amount.

The current rate is reduced by the amount of the dividend. On payday the dividend, the stock is equipped with the share price addendum "ex-dividend".

The day on which shares are traded ex. i.e. without a specific right, for example, to receive dividends, subscription right or bonus shares (capital adjustment)

An addition to the price which indicates that on this day the value of subscription rights was deducted from the price of the stock (at the ex-date).

Declaration of an option holder that he buys (call) or sells (put) the underlying accordance with the agreed conditions.