Cyber*School

cp. nominal value

Value of a future or option which is calculated based on a theoretical pricing model (eg Black & amp; Scholes model) taking into account price determining factors.

abbr. Federal Deposit Insurance Corporation

see Federal Reserve System

The interest rate that banks with excess reserves at a Federal Reserve district bank charge other banks that need overnight loans. The Fed funds rate, as it is called, often points the direction of U.S. interest rates. The most sensitive indicator of the direction of interest rates, since it is set daily by the market, unlike the prime rate and the discount rate.

USD interest rate swap, where the floating rate is linked to the Federal Funds effective rate see also: OIS

Federal bonds are issued by the state. They serve the state to borrow capital in the long term.

an independent agency that promotes public confidence in the US financial system by insuring deposits in US banks and thrift institutions

the basic task of the FOMC is to define the open market policy of the Federal Reserve System (FED), that means it sets the key interest rate for the USD. It is composed of seven members of the Board of Governors und five members of Federal Reserve Banks.

the central bank system of the United States The FED consits of 12 Federal Reserve Banks. The basic tasks are: price stability, high rate of employment, longterm equilibrium in the balance of payments and reasonable economic growth The most important instrument in monetary policy is the open market policy which is defined by the Federal Open Market Committee (FOMC)

(Federal Securities and Markets Authority). Public institution, which was established under the Securities Supervision Act of 1996 for the supervision of the securities market (stock exchange) and the financial services business. (since 1998). The tasks of the Federal Securities and Markets Authority include the elimination of illegal business practices, monitoring of disclosure requirements, the licensing of investment services companies and the exchange of international information and experience.

abbr. of Frankfurt Interbank Offered Rate,replaced by the EURIBOR 1.1.99

(FOK) This is an order form in which it is executed immediately and completely or not at all. If an execution is not possible, the fill-or-kill order is immediately deleted and not included in the order book.

Either the settlement in cash or units upon the exercise of options or the expiry.

Investigation of companies in respect of their economic situation, future success and financial solvency (liquidity). The financial analysis provides the basis for investment decisions.

see futures

any contract that gives rise to both a financial asset of one entity and a financial liability or equity instrument of another entity

The FMA Act came into force on 01.04.2002 and regulates the supervision of the Austrian financial market by the Financial Market Authority (FMA).

The FMA monitors the adequacy operated by the Vienna stock markets in Austria as an independent authority on the basis of the Financial Market Supervision Act (FMA Act). Their responsibilities among others are set out in the Stock Exchange Act and the Securities Supervision Act and have to focus on the national economic interest in a functioning capital market and in particular on the interests of investors. The tasks of the FMA are divided into banking supervision, insurance supervision, securities supervision and pension institutions supervision.

Plan that contains the current financial situation and investment objectives.