Category: glossary , Asked by: Y. Sparks from Schaan, Liechtenstein
A: The UK professional body committed to the development of financial planning. The Institute was set up in 1986 and draws its members from accountancy, insurance, taxation, stockbroking, education and legal professions. Visit ACM
Category: glossary by R. E. From United States
"value date " is A future date used in determining the value of a product that fluctuates in price. Typically, you will see the use of value dates in determining the payment of products and accounts where there is a possibility for discrepancies due to differences in the timing of valuation. Such products include forward currency contracts, option contracts, and the interest payable or receivable on personal accounts. Also referred to as "valuta". For example, in the case of savings bonds, the interest is compounded semi-annually so the value date is every six months. This removes any uncertainty for investors because their calculations of interest payments will be the same as the government's.
Category: glossary by Kaylin B. From United States
a "bourse " is Any European stock exchange. This French term can be used to refer to any European exchange; however, it is most often used in reference to the Paris Stock Exchange.
Category: glossary by Q. N. From Linz, Austria
A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue". More specifically, the benchmark is the latest issue within a given maturity. For a comparison to be appropriate and useful, the benchmark and the bond being measured against it should have a comparable liquidity, issue size and coupon.
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