A [Top]Accounts Payable (Payables): money owed to suppliers. Receivables (receivables): money owed by customers. Acquisition See The Accelerated Cost Recovery System: a schedule of amortization rates allowed for tax purposes. Actuarial risk: a type of risk typically related to insurance. U.S. option: An option that can be exercised before the expiry date. Annuity Investment: This generates an equivalent cash flow. Arb Arbitration: See Arbitration In Risk Arbitration: Simultaneous purchase of one warranty and sale of another in order to generate a risk-free profit. Arbitration: a transaction that generates a risk-free profit. FreeModel Arbitration A kind of financial model that generates market scenarios that do not involve arbitration. Referee: a person involved in arbitration.
ARCH: A technique for projecting future implied volatility. Asian option: an option whose payment depends on the average of an underlier over a period of time. Asia Securities Industry – Financial Markets Association (ASIFMA): ASIFMA is a broad professional representation of interests that aims to promote the growth and development of Asian debt markets and their orderly integration into the global financial system. ASIFMA is working to develop more open national markets, more standardized market practices and a more stable and transparent regulatory environment, which will help mobilize and redirect the region`s significant financial economies to support Asia`s sustained economic growth and development. ASIFMA is the Asian regional member of the Global Financial Markets Association (GFMA). Ask: The highest price that everyone wants to pay for security at any given time. Association for Financial Markets in Europe (AFME): The Association for Financial Markets in Europe is committed to stable, competitive and sustainable European financial markets that support economic growth and benefit society. The merger of the London Investment Banking Association (LIBA) and the European Securities Industry and Financial Markets Association (SIFMA) was founded on 1 November 2009. AFME represents a wide range of European and global players in the wholesale financial markets, and its 197 members include all pan-European and global banks, as well as major regional banks, brokers, law firms, investors and other financial market players. AFME provides members with an effective and influential voice to share the sector`s views on international, European and UK capital markets. AFME is a European regional member of the Global Financial Markets Association (GFMA).
Asset allocation: the process of determining the optimal distribution of an investor`s portfolio between different assets. More often than not, these are allocations between external capital, equity and cash management. Asset/Liability Management A risk management technique to protect an institution`s capital. Asset-backed security A securitized stake in an asset pool. Assets: Everything the company owns. At-the-money: A condition in which the value of the lower value of an option corresponds to the strike price of the option. Average 😀 the average duration of securities held by an investment fund. Changes in interest rates have a greater impact on funds with a longer average lifespan.
Average option: An option whose payment depends on the average of an underlier over a period of time. Average rate: the rate calculated by deriding the entire tax debt by the company`s taxable income. The standard agreements govern the relationships between the different insurers and between the different insurance unions. Negotiating non-standard agreements takes longer, which can lead to increased risks for insurance banks in the period between fixing the bank`s prices for a deal and signing syndicated contracts.