A retail banking service that allows users to transfer funds between personal accounts using email and their online banking service. Email money transfers are considered secure because only the notification of transfer is done through email. The actual funds are settled through the existing funds transfer networks that banks have used for years. |||The email money transfer is most commonly used by clients of the "big five" banks in Canada: the Royal Bank of Canada, TD Canada Trust, the Canadian Imperial Bank of Commerce, the Bank of Montreal and the Bank of Nova Scotia. Because email is used, however, this service is susceptible to phishing scams. Care must be taken by both parties to ensure the safety of both the sender and receiver. It is a good practice to not accept transfers from unknown parties, and to contact the sender directly when notified of a transfer that is not expected.
Founded in 1973, the CBOE is an exchange that focuses on options contracts for individual equities, indexes and interest rates. The CBOE is the world's largest options market. It captures a majority of the options traded. It is also a market leader in developing new financial products and technological innovation, particularly with electronic trading.The CBOE is also referred to as the "See-bo". On the first day of trading in 1973, 911 contracts traded hands on 16 stocks. Today, the CBOE's average daily volume consistently exceeds one million contracts per day.
The currency abbreviation for the Seychelles rupee (SCR), the currency for Seychelles. The Seychelles rupee is made up of 100 cents and is often presented with the symbol SR or SRe. The Seychelles rupee is spelled "roupi" in the local Seselwa language. |||The Seychelles rupee was first circulated alongside the Mauritian rupee and the two were equal in value until 1914. In 1939, specific coins were introduced for use in Seychelles. The currency exchange rate floats "freely" against other currencies, but strict regulations on the purchase and sale of other currencies has created a black market for exchange. This black market uses exchange rates that differ from the official ones by more than 200%. In other words, on the black market, it will cost the exchanger more than twice as many rupees to purchase a U.S. dollar than the official rate would suggest.
A temporary layoff, involuntary leave or other modification of normal working hours without pay for a specified duration. Furloughs are used in the military for soldiers whose new assignments have not yet been determined. For businesses, furloughs are used for a variety of reasons, like plant shut-downs, or in cases where a broad reorganization makes it unclear which employees will be retained. In contemporary business practice, a furlough is a less permanent solution to layoffs, and are useful in situations where the economic condition is deemed to be of short duration. It is also common in situations where a business disruption is deemed to be temporary.
In general, an investment vehicle that enables individual investors to invest money into one or more underlying investments that are operated by professional managers. Master funds can generally be categorized into three types: discretionary funds, fund of funds, or feeder funds. With this last type, shares would be sold to the public only by the feeder fund, but invested through the corresponding master fund.
An electronic automated clearing house (ACH) that serves as the sole ACH for the private sector in the United States. The Electronic Payments Network handles numerous types of credit transfers, such as payroll payments, dividends, etc., as well as debit transfers, such as loan payments and insurance premiums. |||In the modern financial marketplace, the EPN's use of electronic transfers of money has increased the efficiency and timeliness of business transactions. If you are paid by direct deposit by your employer, chances are the EPN is involved in the transaction.
A slang name for a mutual fund that has an investment strategy that focuses on high-risk securities in an attempt to capture above average returns. A go-go fund's aggressive approach usually involves holding large positions in growth stocks. Go-go funds entice investors by promising large, abnormal returns created from shifting portfolio weights around speculative information. While investors may experience superior profits, they are also bearing a great deal of risk. These types of mutual funds were highly valued in the 1960s, but became less popular after large downturns in their speculative holdings.
A strategy undertaken by an investor or an investment manager that seeks to profit from both increasing and decreasing prices in a single or numerous markets. Market-neutral strategies are often attained by taking matching long and short positions in different stocks to increase the return from making good stock selections and decreasing the return from broad market movements. Market neutral strategists may also use other tools such as merger arbitrage, shorting sectors, and so on. There is no single accepted method of employing a market-neutral strategy. Managers who hold a market-neutral position are able to exploit any momentum in the market. Hedge funds commonly take a market-neutral position because they are focused on absolute as opposed to relative returns.A market-neutral position may involve taking a 50% long, 50% short position in a particular industry, such as oil and gas, or taking the same position in the broader market.