Responsible for tracking and reconciling dealer margin requirements for positions in the portfolio.
What is Finance Team?
100
Credit Suisse, CITI & Merrill Lynch are examples of these.
What are Prime Brokers?
100
Term for a trade booked as a buy instead of a sell, difference in quantity, price difference of .05 per share all have the same outcome
What is "prevents settement"?
100
This unique identifier consists of seven alpha-numeric characters and is assigned to all securities trading on the London Stock Xchange.
What is SEDOL?
100
An instrument representing ownership in a stock OR freedom from danger
What is security?
200
Acts as a third party on behalf of the investment manager and the client to insure limits are not breached and investment mandates upheld.
What is RISK management?
200
Issued by companies to fund short term obligations, not backed by collateral
What is Commercial Paper?
200
Standard contract covering OTC transactions.
What is an ISDA agreement?
200
The world's most widely used benchmark for short term interest rates. It is important because it is the rate at which the world's most preferred borrowers are able to borrow money.
What is LIBOR?
200
Assets offered to secure a line of credit OR any unintentional harm to persons or property.
What is collateral?
300
Acts as a third party on behalf of trading and accounting to ensure accurate portfolio pricing.
What is Valuations team?
300
A money market instrument, used to raise short term capital. Typically bought back the next day.
What is Repo?
300
Fund that provides a safe place to invest easily accessible cash-equivalent assets characterized as a low risk, low return investment.
What is a money market fund?
300
A security that sells like a stock on the major exchanges and invests in real estate directly, either thru properties or mortgages.
What is a REIT?
300
A percentage of money, deposited with a broker by a client as provision against loss on a transaction OR a blank space framing the printed area on a page
What is margin?
400
Responsible for all cash management of the Firm, including physical payment of dealer requirements.
What is Treasury?
400
A type of account used in hedge funds to separate illiquid assets from other more liquid investments. Locks the investment up for a longer duration of time.
What are Side Pockets?
400
An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult to predict. This term was popularized by Nassim Nicholas Taleb, a finance professor and former Wall Street Trader.
What is Black Swan?
400
An investment grade security backed by a pool of bonds, loans, and other assets..often non-mortgage loans or bonds.
What is a CDO?
400
Equity capital not quoted on a public exchange OR fair and impartial confidentiality?
What is Private Equity?
500
Team responsible for locating and managing the short stock positions.
What is Stock Loan?
500
The effect that negative news in the popular media has on a corporation or an economy that can influence investor behavior.
What is Headline Effect?
500
When GDP growth slides back to negative after a quarter or two of postive growth. A recession followed by a short lived recovery, followed by another recession.
What is a double dip recession?
500
Members of the European Union recently battered by the financial crisis in Greece and surrounding financial uncertainty. (Greece, Spain, Portugal, Ireland & Italy)
What is PIIGS?
500
The use of borrowed capital to increase the potential of ROI OR the mechanical advantage of using a rigid bar on a pivot point.