Cyber*School

Is the immediate information of the trading participant on an order specifying the execution time, the price and the executed volume.

Execution limits are designed for the specifications of market orders and are configured as either Fill Or Kill or Immediate Or Cancel.

By the supervisory board of a public limited company ordered Management Board of a PLC.

Period during which exercise can be made in the clearing system.

Those option variants which are not attributable to the traditional options (call or put), because they have additional properties. Contrary plain vanilla options

The estimate of the average expected loss on a portfolio. In case of a finance company value adjustments should cover the expected loss.

It iIt is the expected positive exposure in respect of a counterparty.s the expected positive exposure amount to a counterparty

Expiration occurs when an option can not be exercised, ie the maturity is over.

The date on which the option will expire if not exercised early. Always Saturday following the third Friday of the month.

Month in which the option on the day following the last trading day, expires if it has not been exercised before. See maturity

The amount that is lost in the case of the lowest possible realization proceeds from the liquidation or bankruptcy of the borrower. See also probability of default, loss given default, liability in case of failure.

The expected amount of the claims for a particular bond / debt securities at the time of the failure.

a common risk management tool on both the trading desk and in loan portfoliosExposure limits are predictive, and therefore indicate risk before its financial consequences occur (see also exposure).

the expected exposure of a credit institution for a given debt instrument upon the default of the counterparty

Asset class of the Basel II framework. Covers receivables from banks and investment firms that are subject to Basel II comparable regulatory requirements. The asset class further includes other public bodies, which are treated as receivables to banks under the standardized approach and multilateral development banks that reach no 0% risk-weight in the standard approach.

(External Audit) The goal of external financial audit is to get an independent opinion about whether the accounts of a bank were prepared in accordance with the relevant accounting standard.

a credit rating agency.to qualify for treatment as an ECAI, a firm must satisfy six criteria: objectivity, independence, international access/transparency, disclosure, resources, credibility

These data are collected according to Basel II outside of the institution and used to model a specific risk.

The time value is the option price minus the intrinsic value of the option. It is influenced by the volatility of the underlying asset, the remaining term of the option, the money market interest rates and the option type. If the option is at-the-money the time value is the highest.