Cyber*School

(reserve account) account at the central bank on which a business partner maintains reserve balances.

A type of mortgage-backed debt obligation whose cash flows come from residential debt, such as mortgages, home-equity loans and subprime mortgages. A residential mortgage-backed security is comprised of a pool of mortgage loans created by banks and other financial institutions. The cash flows from each of the pooled mortgages is packaged by a special purpose entity into classes and tranches, which then issues securities and can be purchased by investors.

A chart point or range that caps an increase in the level of a stock or index over a period of time. An area of resistance or resistance level indicates that the stock or index is finding it difficult to break through it, and may head lower in the near term. The more times that the stock or index has tried unsuccessfully to break through the resistance level, the more formidable that area of resistance becomes. On an interesting note, resistance levels can often turn into support areas once they have been breached. Resistance and support levels are widely used by experienced traders to formulate trading strategies.

(ROD) Temporary validity determination for unrestricted limit orders: rest-of-day

These shares can only be transferred to other owners with the consent of the corporation.

german abbr. Result from ordinary activities

In order that loans may be assigned as retail exposure, the following criteria must be met: borrowers criterion (borrower is a physical person or SME); Product criterion (revolving credit and credit lines, private loan or lease receivable or loans and lines of credit to SMEs); low loan amount (less than 1 million €)

the retail price index is a measure for the average development of the prices of a basket of retail goods (incl. VAT)

The entirety of all measures after leaving the working life of saved assets or accrued benefits to cover the further livelihood without restrictions in living standards. The pension system consists of three pillars: statutory pension scheme, company pension schemes and private pension plans.

Operating income in relation to the sum of the fixed assets and current assets minus current liabilities

Earnings after taxes / equity x 100

Percentage value change of an investment in a certain period.

A metric that measures the yield in relation to that part of the equity that is necessary to cover banking risks and to cover the fixed assets.

(ROTA) A ratio that measures a company's earnings before interest and taxes (EBIT) divided by its total net assets. The ratio is considered an indicator of how effectively a company is using its assets to generate earnings before contractual obligations must be paid. (EBIT/Total net assets) The greater a company's earnings in proportion to its assets , the more effectively that company is said to be using its assets. To calculate ROTA, you must obtain the net income figure from a company's income statement, and then add back interest and/or taxes that were paid during the year.

an information service company

Equivalent to the profit before tax and movements in reserves.

closing a position through an opposite deal

purchase of securities with a simultaneous agreement to re-sell them to the original seller on a future date,A reverse repo corresponds de facto a security callateralized credit lending. The PSA/ISMA Repurchase master agreement serves usually as the legal basis. opposite: repo

a repo which has got the same final maturity as the security (collateral)

cp. epsilon