price of a bond which contains accrued interests,The dirty price is that price which has to be paid if a bond is purchased.opposite: clean price

Amount by which an instrument sells under par.

Calculation of the present value of a future amount is done in reverse direction as the discounting.

by means of the discountfactor a future value can be converted into a present value,This can be done, by multiply the future value by the discountfactor. The discountfactor can be derived from the zero-coupon rates.

instruments issued at a discount and redeemed at the nominal valueThe yield results from the difference between purchase price and redemption. Discont instruments are t-bills, bill of exchange, commercial papersper contra: couponinstruments are issued at the nominal value and paid off at nominal value plus interest

A disocunt rate is a rate where the interest payments are calculated - in contrast to normal interest rates - on the basis of the repayment value. The term discount rate is also often used in conjunction with the rate at which commercial banks may sell bills of exchange to the central bank

Equity, which is not bound by fixed assets, or the risks in the banking book and trading book.

The payment of dividends, bonuses, liquidation proceeds, etc. to the shareholders. For distributing securities, the income is collected until the date of payment and then (usually once a year) distributed. On the day of distribution the value of the underlying security decreases by the distribution amount.

Investment income (long and short-term nature), interest or dividends paid to bond and equity holders. The distribution may be paid in cash (cash dividend) or in shares (stock dividend).

a simple risk management technique that mixes a wide variety of investments within a portfolio, thus minimising the impact of any one security on overall portfolio performance

Periodic distribution of a company to its shareholders. The indication of the amount is generally done as a dividend per share. Dividends are income components, which are not reinvested by the company.

see Ex-dividend

A financial ratio that shows how much a company pays out in dividends each year relative to its share price. In the absence of any capital gains, the dividend yield is the return on investment for a stock. Dividend yield is calculated as follows: Annual dividends per share/Price per share. This ratio can be calculated either on the basis of the currently paid dividend or on the basis of expected future dividends.

abbr. Dow Jones Index

a repo at which the purchaser is allowed to return another paper at maturity (but with agreed qualitiy)

a bond which is issued by a domestic issuer in his home country under domestic law in domestic currency

A bond that is issued by a domestic issuer in the home country under domestic law in domestic currency.

Repeated use of a security as collateral in a repo. This practice is not allowed and is only possible if the seller fails to deliver the securities to the buyer.

The Dow Jones Industrial Average (Index) contains the 30 largest industrial companies of the New York Stock Exchange and was first published in 1897. It was designed as a price index and is computed continuously (real-time).

the process of an issuer's debt securities' ratings being lowered by a rating agency (see also rating, upgrade)