(TOIS) CHF interest rate swap where the variable side for CHF TomNext money is tied to the reference rate. see also: Overnight Indexed Swap.

Description of the technical stock analysis for the summit (top) of a bull market movement. The end of a bull market movement can have several tops side by side. One of the most important is the head and shoulders pattern.

In the top-down approach, the fund management picks stocks on the basis of economic analysis, according to which country quotas then be determined. Contrary bottom-up approach.

Anglo American phrase which means a market or a stock which / that has reached the end of a bull market and which is expected, that he / it will maintain the level or will be declining. Contrary bottoming out.

(TER) The Total Expense Ratio indicates which costs incurred (as a percentage of the fund's assets) in the fund during the last fiscal year. These costs include the management fee, custodian fees, consultant fees, auditing costs as well as possible costs that incurred. The lower the number, the less costs were billed to the Fund.

Deviation of a portfolio on the performance of a chosen benchmark index.

Part account balance of payments and the current account of an economy. It records imported and exported goods. A trade surplus (so-called trade balance.) Means that more goods are exported than imported (contrary trade deficit).

Supervisory body of the stock market, which monitors the trading and business transactions. It ensures the regularity of the price fixing and records all data on exchange trading.

Anglo American term for a securities dealer to carry out transactions on behalf of others but also (as opposed to a broker) for their own account.

The trading book consists of all transactions of the Bank, which are used for generating trading results and to apply their own legal regulations. (see Capital Adequacy Directive).

Day on which trading on regulated exchanges takes place. On Saturdays, Sundays and public holidays, the markets remain closed.

A period of time consisting of one day of business in a financial market, from the opening bell to the closing bell. Within the time frame of the trading session, all orders for the day must be placed, and buyers and sellers both participate in setting current market prices.

A stoppage in the trading of a security for an extended period of time that normally occurs when there is a lack of material financial information on the security. Once the security is suspended, shares of that security cannot be traded on the market until the suspension is lifted or lapses. The exact amount of time for the suspension will be determined on on a case-by-case basis. The most common reason for suspension is due to a lack of publicly available, relevant and current financial information.

Computer systems that enable electronic trading of securities.

see contract size

Expenses incurred when buying or selling securities. Transaction costs include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price the buyer pays). The transaction costs to buyers and sellers are the payments that banks and brokers receive for their roles in these transactions. There are also transaction costs in buying and selling real estate. These fees include the agent's commission and closing costs such as title search fees, appraisal fees and government fees. For the securities account custodian fees have to be paid at the bank.

Internal transfer prices of interest rate risk, liquidity risk, foreign exchange risk and credit spread risk

That price which will be charged between different areas of a company or between companies in a group for internally exchanged services based on market observable reference rates.

see country transfer risk

short-term security issued by the US-Treasury (ministry of finance), T-bills exist in other countries too.