Cyber*School

arrangement

v. Treasury Bill

abbr. of Treasury Bondsecurity issued by the US-american ministry of finance (treasury) with a maturity of at least ten years and semiannual coupon payments

v. Treasury Note

v. tom/next

see interbank deposit

A debt security that is offered with the same terms over a longer period in the primary market for the initial purchase. Most bond issues are tap issues today.

method of issuing securities, the full amount is issued in several parts, depending upon the cash demand of the borrower

It refers to the portion of the total increase in value, derived from interest, dividends and rental income. (Ordinary income) The taxable income proportion is the highest for classic bond and the lowest equity funds funds.

Due to the investment income tax of 25% in the payment of interest income, income tax is already settled.

The Bond Market Association,formerly PSAwww.bondmarkets.com

A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.

Auction system of central banks to provide liquidity to commercial banks or withdraw liquidity from the market; most important monetary policy instrument of the central banks in the context of open market policy. Variants: main tender; Base Tender; Fine-tuning operations

a repo with fixed maturityopposite: open repo

abbr. Tokyo Financial Exchange

(TBMA) Merged in the Securities Industry and Financial Markets Association. www.sifma.org

risk factor of options expresses the decrease in an options price if the time passes by (usually one day)

A bank or a bank consortium takes over the placement of the shares.

external rating regarding the probability of default calculated beyond a business cycle

abbr. for Tokio Interbank Offered Rate