Cyber*School

Investment methodology that will help to achieve the portfolio objectives should be ensured.

another designation for investment company

(IR) Term for the communication of a company with its current and potential shareholders. Investor relations are important for a company.

abbr. Immediate or Cancel

abbr. Initial Public Offering

The IPS is a loss-sharing agreement of banks in a cross-gaurantee system with the objective of reducing capital adequacy requirements and not having to substract participations within the IPS from Tier 1. The same risk management with the possibility of exertion of influence in the stress case is a requirement.

abbr. Investor Relations

see also internal ratings-based approach

an option on an FRA. IRGs are used to fix a future money market interest rate (libor, euribor)In caps and floors IRGs are called caplet resp. floorlet.

abbr. interest reference rate

v. interest rate swap

abbr. for International Swap and Derivatives Association,(formerly: International Swap Dealer Association)www.isda.org

see International Swaps and Derivatives Association

abbr. International Securities Identification Number

abbr. for International Securities Market Association, till 1992 AIBD largest organisation in the international security-marketwww.isma.co.uk

formula for the calculationof the bond price by ISMAIn contrast to the Moosmüller-method interest for periods shorter than the full interest period are calculated on an exopantial basis

Three-digit alphanumeric number of international currencies developed by the International Organization for Standardization as ISO 4217. The first two letters represent the country or supranational entity (eg EU European Union) and the last letter is usually the first letter of the currency name. These abbreviations do not replace the officially fixed national currency symbols and abbreviations, such as USD but are used in international money transfers. Examples of ISO currency codes: CHF, EUR, USD, GBP and JPY.

Issue of securities in the primary market with the aim of raising money in the form of equity capital (stocks) or loan capital (bonds, CD, CP, etc.).

The issue price of a newly launched bond is set by the issuer who has to take the market conditions into consideration. A bond can first be purchased for the issue price.

The issue prospectus is the publication of the most important details of the issuer and the planned emission. It gives the investors the possibility to inform themselves about the rights and risks of the bond and the current and future situation of the issuer.