Privately held corporations with public purposes created by the U.S. Congress to reduce the cost of capital for certain borrowing sectors of the economy. Members of these sectors include students, farmers and homeowners. |||GSEs carry the implicit backing of the U.S. Government, but they are not direct obligations of the U.S. Government. For this reason, these securities will offer a yield premium over Treasuries. Some consider GSEs to be stealth recipients of corporate welfare. Examples of GSEs include: Federal Home Loan Bank, Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Farm Credit Bank and the Resolution Funding Corporation.
A limit order placed with a broker that will last until the end of the current month. |||If the order is not filled before the end of the month, it will expire.
An order to buy or sell a security at a set price that is active until the investor decides to cancel it or the trade is executed. If an order does not have a good-'til-canceled instruction then the order will expire at the end of the trading day the order was placed. |||In most cases, GTC orders are canceled by brokerage firms after 30-90 days. This type of order is traditionally placed at price points away from the price of the stock at the time the order is placed. For example if a stock you hold is currently $40 but you believe it will go to $50 at which point you will sell then, you can use a GTC order. once the GTC order to sell is placed, if the price of the stock reaches $50 at any point over the next few months your shares will be sold.
A composite index of commodity sector returns which represents a broadly diversified, unleveraged, long-only position in commodity futures. |||Similar to the Standard & Poor's 500 index, the Goldman Sachs Commodity Index (GSCI) provides a reliable and publicly accessible investment performance benchmark. The index's components qualify for inclusion in the index based on liquidity measures and are weighted in relation to their global production levels - a characteristic which helps make the GSCI valuable as both an economic indicator and a commodities market benchmark.
Ethical standards to be used by investment managers for creating performance presentations that ensure fair representation and full disclosure of investment performance results. Global Investment Professional Standards were created by the Chartered Financial Analyst Institute and governed by the GIPS Executive Committee. They are standardized guidelines for reporting the ability of an investment firm to make profits for investors. |||The GIPS is put out by the Chartered Financial Analyst Institute (CFA Institute), formerly known as the Association for Investment Management and Research (AIMR). These principals were designed so potential investors could compare investment firms around the world. The standards were originally introduced in 1999 but have been developed since 1980.
A semiannual report by the International Monetary Fund (IMF) that assesses the stability of global financial markets and emerging market financing. The Global Financial Stability Report focuses on current conditions, especially financial and structural imbalances, that could risk an upset in global financial stability and access to financing by emerging market countries. It emphasizes the ramifications of financial and economic imbalances that are highlighted in one of the IMF's other publications, the World Economic Outlook. |||The Global Financial Stability Report replaced two previous reports by the IMF, the annual International Capital Markets Report and the quarterly Emerging Market Financing Report. The purpose of the replacement was to provide a more frequent assessment of the worldwide financial markets and to focus on emerging market financing in a global context.
An act passed by Congress in 1933 that prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities. |||The Glass-Steagall Act was enacted during the Great Depression. It protected bank depositors from the additional risks associated with security transactions. The act was dismantled in 1999. Consequently, the distinction between commercial banks and brokerage firms has blurred; many banks own brokerage firms and provide investment services.
A Canadian retirement plan for individuals who are not employees of a local, provincial or federal government body, but who are paid for their services from public funds. This type of retirement plan is not registered with the Canadian Revenue Agency and therefore does not qualify for tax-deferred status. |||Regulations on GSRAs reduce the amount that individuals receiving GSRAs are allowed to contribute to their registered retirement savings plans (RRSPs).