Key Acronyms Flashcards
What does ABI stand for?
Association of British insurers
Trade association for UK insurance industry
What does ABS stand for?
Asset-backed security
An investment backed by a loan, lease or mortgage payment.
BP’s
Basis points - 0.01%
What is a BTP?
Italian bond
What does CDS stand for?
Credit Default Swap
The seller compensates the buyer of the CDS if a debtor defaults on payments
What does DXY stand for?
The US Dollar index
What does EFT stand for?
Exchange traded funds
EFT’s are a fund that can be bought & sold in and out of at any time that the market is open.
What does FOMC stand for?
Federal Open Market Committee
What does FTSE stand for?
Financial Times Stock Exchange
What does HYEFU stand for?
Half Year Economic Fiscal Update
What does IA stand for?
Investment Association
Trade body for the UK’s asset management industry
What is a JCB?
Japanese Bond
What does LIBOR stand for?
London InterBank Overnight Rate
Basic rate of interest used in London between banks on the London interbank market.
What is MiFID II?
MiFID II is a legislative framework by the EU to regulate financial markets.
Aim to standardise practices and resort confidence.
What does MSCI stand for?
Morgan Stanley Capital Management Inc.
provider of equity (int & US) FI & hedge fund indices