Key Acronyms Flashcards

1
Q

What does ABI stand for?

A

Association of British insurers
Trade association for UK insurance industry

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2
Q

What does ABS stand for?

A

Asset-backed security
An investment backed by a loan, lease or mortgage payment.

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3
Q

BP’s

A

Basis points - 0.01%

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4
Q

What is a BTP?

A

Italian bond

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5
Q

What does CDS stand for?

A

Credit Default Swap
The seller compensates the buyer of the CDS if a debtor defaults on payments

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6
Q

What does DXY stand for?

A

The US Dollar index

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7
Q

What does EFT stand for?

A

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.

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8
Q

What does FOMC stand for?

A

Federal Open Market Committee

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9
Q

What does FTSE stand for?

A

Financial Times Stock Exchange

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10
Q

What does HYEFU stand for?

A

Half Year Economic Fiscal Update

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11
Q

What does IA stand for?

A

Investment Association
Trade body for the UK’s asset management industry

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12
Q

What is a JCB?

A

Japanese Bond

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13
Q

What does LIBOR stand for?

A

London InterBank Overnight Rate
Basic rate of interest used in London between banks on the London interbank market.

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14
Q

What is MiFID II?

A

MiFID II is a legislative framework by the EU to regulate financial markets.
Aim to standardise practices and resort confidence.

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15
Q

What does MSCI stand for?

A

Morgan Stanley Capital Management Inc.
provider of equity (int & US) FI & hedge fund indices

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16
Q

What is an OAT?

A

French gov bond

17
Q

What does OEIC stand for?

A

Open Ended Investment Company
A pooled investment fund set up as a company.
Open ended refers to size depending on demand from investors.

18
Q

What is R2?

A

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.

19
Q

What does RBA stand for?

A

Reserve Bank of Australia

20
Q

What does RRR stand for?

A

Required Rate of Return

21
Q

What does RSI stand for?

A

Relative Strength Indicator
Momentum oscillator measuring speed and change of price movements (between 0-100)

22
Q

What does RTRS stand for?

A

Reuters

23
Q

What does Sino stand for?

A

English term for China or Chinese
Comes from Latin ‘Sinae’ as China was Serica (silk country)

24
Q

What does SOMP stand for?

A

Statement On Montary Policy

25
Q

What does STIR stand for?

A

Short Term Interest Rate