Cyber*School

Market for businesses that need to be fulfilled immediately or shortly after the completion.

In contrast to the continuous quotation, the rate is established only once during the trading session.

see Zero Coupon Rate

indicates a period which starts on spot-day and ends on the following bank day example: on Tuesday the 15.03. S/N indicates the period from 17.03. Until 18.03.

1. difference between Bid and Ask of a quote2. often used in interest-rate-, futures- and stock market to express the differece in the price of two instruments

a margin-type which is applied by the EUREX at time-spreads,It is lower than the margin at non-spread-positions, because the risk of such a position is lower due to the simultane long and short position

Method which allows the majority shareholder, force out small shareholders by means of a cash settlement from the company.

The abbreviation SSR stands for Single Supervisory Mechanism that is build up together by the ECB together with the national supervisory authorities.

Stable deposits are a part of retail exposures which are completely covered by an effective deposit insurance system or by public guarantees, which provide an equivalent level of protection and further either have close relationships with the bank (which makes a withdrawal of funds unlikely) or it concerns giro accounts, onto which, for example, salaries are deposited automatically.

An index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. Companies included in the index are selected by the S&P Index Committee, a team of analysts and economists at Standard & Poor's. The S&P 500 is a market value weighted index - each stock's weight is proportionate to its market value. The S&P 500 is one of the most commonly used benchmarks for the overall U.S. stock market.

see combined order

Matched minimum behavioral and organizational rules that govern the use of capital market-related information within the meaning of fairness to all market participants and adequate internal organization.

standard deviation is a measure of the dispersal or uncertainty in a random variable. For example, if a financial variable is highly volatile, it has a high standard deviation, indeed, standard deviation is frequently used as a measure of the volatility of a random financial variable.

The most basic approach to credit risk in the new Basel framework. Capital requirements are calculated by multiplying the value of a the exposure of a firm by an appropriate risk weight. The risk weights are calculated by using external credit ratings.

v. normal yield curve

bond with a coupon that increases during maturity in fixed steps

coupon swap at which the fixed interest rate rises during maturity in an agreed magnitude

(SONIA) reference rate for overnight money in GBP.

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings. The quote of the share arises from offer and demand on the stock exchange and represents the value of the enterprise.

Stock analysis is a term that refers to the evaluation of a particular trading instrument, an investment sector or the market as a whole. Stock analysts attempt to determine the future activity of an instrument, sector or market. There are two basic types of stock analysis: fundamental analysis and technical analysis. Fundamental analysis concentrates on data from sources including financial records, economic reports, company assets and market share. Technical analysis focuses on the study of past market action to predict future price movement.