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Probability of Default

In connection with the risk of default (associated with a loan or a credit arrangement), probability of default (PD) is...

Spot Market

A marketplace where assets (such as financial instruments, commodities, securities, contracts, currencies, etc.) are traded against immediate payment and delivery....

Cash Market

A market in which cash-like securities and other similar instruments/ products are traded and exchanged. A cash market is also...

Modelled ECL

A measure of ECL (expected credit losses) in which ECL is calculated on a modelled basis. It is a level...

10 Yr. %

An abbreviated designation for the percent gain or loss that a portfolio has achieved over the previous ten-year period. Determination...

Tax Lot

A record of the details of a purchase or acquisition of a security. For a trader or investor, tax lots...

Cash Product

A product whose value is established or determined directly by the markets. Examples include market-pegged deposits and loans, as well...

Horizon Premium

The yield differential (premium) between short-term and long-term investments/ instruments that arises only for time horizon considerations. It relates to...

Value Tilting

The practice of making changes in the industries of a portfolio's components or style weighting of such components in order...

MMA

An acronym for money market account; a category of money market vehicles (MMV) that represents a savings account may provide...