The highest ranking executive in a company whose main responsibilities include developing and implementing high-level strategies, making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and the corporate operations. The CEO will often have a position on the board, and in some cases is even the chair. Watch: Corporate Structure |||There are various other titles for the position of CEO including president and executive or managing director. The role of the CEO will vary from one company to another depending on its size and organization. In smaller companies, the CEO will often have a much more hands-on role in the company, making a lot of the business decisions, even lower-level ones such as the hiring of staff. However, in larger companies, the CEO will often deal with only the higher-level strategy of the company and directing its overall growth, with most other tasks deligated to managers and departments.
In currencies, this is the abbreviation for the Swiss franc. |||The currency market, also known as the foreign exchange market, is the largest financial market in the world, with a daily average volume of over US$1 trillion.
The least expensive underlying product that can be delivered upon expiry to satisfy the requirements of a derivative contract. |||Certain derivative products provide contract holders the right to deliver different grades of underlying stocks, bonds, or commodities at specific delivery or expiry points. Because investors will always want to deliver the cheapest available underlying, the price of derivatives will always factor the CTD product.
A professional designation given by the Market Technicians Association (MTA) to financial professionals who prove their proficiency in technical analysis. |||To be granted the designation, a candidate must pass three examination levels and agree to be bound by the MTA code of ethics. Also, to register for the CMT program, an individual must be a paying member of the MTA.
A professional designation for individuals who wish to specialize in life insurance and estate planning. Individuals must complete five core courses and three elective courses, and successfully pass all eight two-hour, 100-question examinations in order to receive the designation. |||Financial planners with a CFP designation will often earn the CLU designation title to demonstrate their expertise in the areas of life insurance and estate planning to existing and potential clients. Having additional knowledge in these areas gives financial planners a competitive edge over other planners with fewer credentials.
Established in June 2007, the China-Africa Development Fund is the first Chinese equity investment fund that focuses on investments in Africa. The fund has a target size of $5 billion to be reached in phases, with first-phase funding of $1 billion provided by China Development Bank. |||The China-Africa Development Fund was one of eight measures announced by Chinese President Hu Jintao at the Beijing Summit of the Forum on China-Africa Cooperation in November 2006. The Fund concentrates its investments in industries and fields that will help promote Africa's economic development, such as agriculture, manufacturing, infrastructure and resources.
The main securities regulatory body in China, which was created in 1992 and governs over all securities exchanges and futures markets activity within the People's Republic of China. Similar in its charge to the Securities and Exchange Commission (SEC), the CSRC is mandated to perform functions such as:-Creating and reviewing securities legislation-Regulating the trading, issuing, and settlement of stocks, fixed income securities, and securities funds-Supervising the conduct of shareholders and securities brokers-Overseeing the issuance of overseas company listings and offerings (such as H-Shares listed on the Hong Kong Exchange)The CSRC includes more than 30 regulatory bureaus that cover different geographic regions of the country, and two supervisory bureaus at the nation's two largest stock exchanges in Shanghai and Shenzhen. |||The CSRC has a close working relationship with the SEC; the SEC provides ongoing training and technical support to the younger CSRC and both groups work to facilitate cross-listing among companies in both nations. As China becomes increasingly important to the global economy, it becomes more important that the Chinese securities markets be safe, liquid and transparent.
A committee made up of the central banks of G10 countries that monitors developments in payment, settlement and clearing systems in an attempt to contribute to efficient payment and settlement systems, and build strong market infrastructure. The CPSS was created in 1990, and its secretariat is hosted by the Bank for International Settlements. |||The Committee on Payment and Settlement Systems undertakes its work through specific studies by working groups as required, and publishes reports on its findings. The committee also extends its work outside of the G10 countries by creating relationships with the central banks in many emerging market economies.