September 2002
Intermediate to advanced
256 pages
6h 37m
English
Content preview from Clearing, Settlement and Custody
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clearing member once the position is closed. The level is subject to
changes in line with market conditions.
Institutional investor An institution which is usually investing
money on behalf of others. Examples are mutual funds and pension
funds.
Interest rate futures Based on a debt instrument such as a
government bond or a Treasury bill as the underlying product and
require the delivery of a bond or bill to fulfil the contract.
Interest rate swap An agreement to exchange interest related
payments in the same currency from fixed rate into floating rate (or
vice versa) or from one type of floating rate to another.
Interim dividend Dividend paid part-way ...
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