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
What is an OAT?
French gov bond
What does OEIC stand for?
Open Ended Investment Company
A pooled investment fund set up as a company.
Open ended refers to size depending on demand from investors.
What is R2?
The % of a portfolio’s total return, explained by market moves.
1 being that the fund exactly followed movement of the benchmark.
Anything below indicates fund under or outperformed benchmark.
What does RBA stand for?
Reserve Bank of Australia
What does RRR stand for?
Required Rate of Return
What does RSI stand for?
Relative Strength Indicator
Momentum oscillator measuring speed and change of price movements (between 0-100)
What does RTRS stand for?
Reuters
What does Sino stand for?
English term for China or Chinese
Comes from Latin ‘Sinae’ as China was Serica (silk country)
What does SOMP stand for?
Statement On Montary Policy
What does STIR stand for?
Short Term Interest Rate
