The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point. |||For example, the smallest move the USD/CAD currency pair can make is $0.0001, or one basis point. The smallest move in a currency does not always need to be equal to one basis point, but this is generally the case with most currency pairs.
A commonly used term to describe an investment company, which is a corporation or trust engaged in the business of investing the pooled capital of investors in financial securities. This is most often done either through a closed-end fund or an open-end fund (conventional mutual fund). In the U.S., most fund companies are registered and regulated by the Securities and Exchange Commission under the Investment Company Act of 1940. Also known as a "fund sponsor" and an "open-end fund company". Fund companies are business entities, both privately and publicly owned, that manage, sell and market closed-end and open-end funds to the public. They typically offer a variety of funds and investment services to investors, which include portfolio management, record keeping, custodial, legal, accounting and tax management services.
An option whose notional payments increase significantly after a set threshold is broken. Commonly used in foreign exchange markets, these options provide greater leverage to the holder. The main idea behind the balloon option is that after the threshold is exceeded, the regular payout is increased. For example, let's say that the threshold is $100. After the underlying exceeds this amount, rather than paying the regular dollar-for-dollar amount, the option payment would balloon to $2 for every $1 change against the strike price.
In currencies, this is the abbreviation for the Philippine Peso. |||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.
经纪人贷款概念 银行对证券经纪人和自营商以所持证券为抵押品的贷款,称为经纪人贷款。对经纪人贷款要收取一定的保证金,即购买证券不能全额用银行贷款,必须使用一定比例的自有资金作保证,超过自有资金的部分由银行提供贷款。 目录 1 经纪人贷款保证比例 2 经纪人贷款的意义 经纪人贷款保证比例 保证比例是指证券经纪人自有资金数量占抵押证券价值的比率。 保证比率越高,借款比率越低,贷款风险越小;相反,保证比率低,贷款风险大。 经纪人贷款的意义 (1)为银行资产流动性提供了一个重要途径,使银行找到了短期资金利用的新途径。 (2)成为货币市场与资本市场的通道。当银行信用过度流入证券市场使证券市场的价格暴涨,中央银行便提高保证比例,经纪人贷款随之下降,减少了流入证券市场的资金数量,使证券价格回归合理价格;当证券价格暴跌时,中央银行可适当降低保证比率,对经纪人的贷款随之增加,使证券价格回归合理价位。
A way of differentiating mutual funds according to their investment objectives and principal investment features. This categorization allows investors to spread their money around in a mix of funds with a variety of risk and return characteristics. With stock funds, the basic categories are defined by the size of the companies in which the fund invests - large-cap, mid-cap and small-cap - and investment style - value, growth and blend (value/growth mix). Specialty stock funds (real estate, healthcare, etc.) and international funds offer additional opportunities.Bond funds are categorized principally by their average portfolio maturities - long, intermediate and short - and credit quality - high, medium and low. Municipal and international funds provide additional bond investment diversification.Hybrid, or asset allocation, funds offer a mix of stock and bond investments and come in two types: conservative and moderate allocation.
The currency abbreviation or currency symbol for the Philippine peso (PHP), the currency of the Philippines. The Philippine peso is made up of 100 centavo or sentimo and is often represented with a symbol that looks like the capital Latin letter "P" with two horizontal slashes through the circular top half, a "P" with one horizontal slash, or just P. |||The peso was originally created in 1852 as a replacement for the Spanish dollar. Through revolution, colonialism, and war, the peso survived. However, it did suffer many devaluations and demonetizations. The Central Bank of the Philippines was created in January of 1949, and the colonial pesos which were being hoarded rather than surrendered were demonetized in 1964. From 1964 on, the exchange rate has been allowed to float. It has undergone many more devaluations since being allowed to float.
A type of options spread in which a trader holds more long positions than short positions. The premium collected from the sale of the short option is used to help finance the purchase of the long options. This type of spread enables the trader to have significant exposure to expected moves in the underlying asset while limiting the amount of loss in the event prices do not move in the direction the trader had hoped for. This spread can be created using either all call options or all put options. An example of a backspread using call options would be selling one $45 call option for $5 and purchasing two $50 call options for $2.10 each. The trader in this case would benefit from a large move past $50 because he/she is holding more long options than short.