- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account.
Industry:Financial services
Payment to a financial adviser's of only commissions on investments purchased when the client implements the recommended financial plan.
Industry:Financial services
Purchase of the financial guarantee of a large insurance company to raise funds.
Industry:Financial services
Describes a trader's obligation to accept or make delivery on a futures contract. Related: Open interest.
Industry:Financial services
Insurance against abnormal losses due to unpaid accounts receivable.
Industry:Financial services
A fee paid to a commercial bank in return for its legal commitment to lend funds that have not yet been advanced. Often used in risk arbitrage. Payment to institutional investors in the U.K. (pension funds and life insurance companies) by the lead underwriter of a takeover that takes place when the underwriter provides the target company's shareholders with a cash alternative for a target company's shares in exchange for the bidding companies' shares. The payment is typically 0.5% for the first 30 days, 1.25% for each week thereafter, and a final 0.75% acceptance payment when the takeover is completed.
Industry:Financial services
A note whose cash flow depends upon a credit event or credit measure of a referenced entity or asset such as default, credit spread, or rating change. The manager would purchase such a note to hedge against possible down grades, or loan defaults that would guarantee payment into the portfolio of the manager even if moneys on referenced assets are reduced.
Industry:Financial services
A commodity is food, metal, or another fixed physical substance that investors buy or sell, usually via futures contracts.
Industry:Financial services
The length of time for which a firm's customer is granted credit.
Industry:Financial services
