Cyber*School

(Premium) The commission of securities is the difference between the face value of a security and the price actually payable higher market price or in particular a higher issue price. In most cases, the premium is expressed in%. The premium, which is payable on the purchase of most fund is called the initial charge. Contrary discount.

Association of International Bond Dealers, forerunner of ISMA (International Securities Market Association)

Restricted acceptance / allotment of securities

abbr. Asset-Liability management

The multiplier for the operational risk regulatory capital charge calculation under the basic indicator approach (see also basic indicator approach, operational risk)

a type of foreign bondindicates a bond which is issued from a foreign entity in Switzerland denominated in CHF

An approach to risk management combining capital markets, reinsurance and investment banking techniques that allows a party to either free itself from risks not easily transferred via traditional insurance, or cover such risks in a non-traditional way by using the capital markets, for example.

Designed to help prevent double counting of operational risk in emerging market countries. The operational risk capital charge is the same as for the standardised operational risk capital charge, except for two business lines: retail banking and commercial banking. For these business lines, loans and advances multiplied by a fixed factor m replaces gross income as the exposure indicator (see also beta, operational risk, standardised approach operational risk)

see also advanced measurement approach

A negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange. ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas. ADRs help to reduce administration and duty costs that would otherwise be levied on each transaction.

see interest calculation method actual/actual

see american style option

(American style option) An option that can be exercised at any time between purchase and expiration date.

Method of allocation at interest tenders, where the lowest accepted bids are allocated at the particular bid rates opposite: dutch-style tender

bond which is repaid by instalments,Thus the bond has got an amortizing nominal structure.

An option that can be exercised at any time between purchase and expiration date.

The effective annual rate of return taking into account the effect of compounding interest. The resultant percentage number assumes that funds will remain in the investment vehicle for a full 365 days.

abbr. Annual percentage rate

abbr. Annual percentage yield

widely riskless profiting of differences in price, when the same instrument (security, currency, commodity etc.) is traded at different markets, the remaining risk is called basis risk