REVOLVING CREDIT FACILITY
A six month to fiveplus years, secured or unsecured line of credit that can be reused over and over again. AKA line of credit and revolver. Refer to bank line, committed funding,
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A six month to fiveplus years, secured or unsecured line of credit that can be reused over and over again. AKA line of credit and revolver. Refer to bank line, committed funding,
Loss control, loss financing, and risk reduction methods used to manage risks.
The closing of an option to obtain a longer maturity term. Refer to roll down and roll up.
A broker that overcharges for trades against established rules or an advisor who makes a profit by beating their clients to an investment.
A company that facilitates financial market trades between buyers and sellers for a fee.
A group of bonds that mature over successive years issued by a single company. Refer to series bond.
When the futures rate is lower than the forward rate. This means the cash market is underpriced and the asset is bought while selling the futures. Refer to long arbitrage.
The redraft of existing, disparate insurance contracts into the new master policy to combine risks and losses under a concise policy. Refer to attachment method.
Currency that was brought about in 1970 to supplement national reserves and maintain foreign exchange market stability. This is a convertible currency.
Finite reinsurance where premium is paid to an experience account every year for the contracts duration. The account generates a rate that covers loss. If anything is left at maturation it is
The assumption of liability by a bank that receives a fee for guaranteeing payment to investors in the event a firm doesn
A bond that is noncallable, a fixed rate coupon on a bond in the euro markets, or a bullet repayment attached to a gilt.
A company with a poor credit rating implying a shaky investment history. This is also referred to as a
Reinsurance where the reinsurer only assumes loss beyond established retentions.
tables used to calculate finding for retirement benefits. Interest, as well as mortality rates, are factored in.
The closeout price of a derivative. It is used to calculate profit spread. AKA unwind price.
The price of a futures contract with no arbitrage.
The theory that the money owned now will be worth more in the future.
An issue of gilts by the bank of england. It is a small amount used in retail investment.
Comparing the risk premium and risk of a portfolio. It uses the security market line as the benchmark.