APFinancial Seminars & Workshops

Dynamic hedging
A strategy that involves rebalancinghedgepositions as market conditions change; a strategy that seeks to insure the value of a portfolio using a syntheticput option.

APFinancial Contact

Level-coupon bond
Bond with a stream of coupon payments that remain the same throughout the life of the bond.

AP Financial Finance

AP Financial Credits: Risk lover
A person willing to accept lower expected returns on prospects with higher amounts of risk.
APFinancial
AP Financial Account Access
APFinancial traditional bank instruments

Maintenance margin requirement
A sum, usually smaller than but part of the original margin, that must be maintained on deposit at all times. If a customer's equity in any futurespositiondrops to or below, the maintenance margin level, the broker must issue a margin call for the amount at money required to restore the customer's equity in the account to the original margin level. Related: Margin, margin call.

APFinancial Interests
APFinancial a wide variety of investment: Alternative investments
Usually refers to investments in hedge funds. Many hedge funds pursue strategies that are uncommon relative to mutual funds. Examples of alternative investment strategies are: long--short equity, event driven, statistical arbitrage, fixed income arbitrage, convertible arbritage, short bias, global macro, and equity market neutral. May also refer to the high frequency style of commodity trading advisors who often employ technical and quantitative tools for intraday investments

APFinancial Net

First-pass regression
A time seriesregression to estimate the betas of securitiesportfolios.

APFinancial Personal

Interpositioning
The practice of using a second broker in a securitiestransaction, which is considered illegal it is if used to generate additional commission.

AP Financial Profesional work

International Finance Corporation (IFC)
A corporation owned by the World Bank that produces a number of well-known stock indexes for emerging markets. Its major role is to provide financing for projects in less developed countries.

AP Financial higher rate of return

APFinancial Work places: Research portable
Service offered to clients that transmits investment bank research electronically by computers.
APFinancial investment companies
APFinancial Comprehensive Proposals
AP Financial high interest

Unlimited tax bond
A municipal bond secured by the pledge to levy taxes until full repayment at an unlimited rate.

AP Financial services industry
APFinancial a wide variety of investment: Floor broker
Member of an exchange who is an employee of a member firm and executesorders, as agent, on the floor. of the exchange for clients.

APFinancial investment products

Performance shares
Shares of stock paid out to managers only if the company makes certain sales, earnings per share, or other similar criteria.

About AP Financial

Synchronous data
Information available at the same time. To test option-pricing models, the price of the option and of the underlying should be synchronous and reflect the same moment in the market.

AP Financial tax advantages

Foreign exchange market
Largely banks that serve firms and consumers who may wish to buy or sell various currencies.

APFinancial Asociates

APFinancial Asociates: Dupont system of financial control
Highlights the fact that return on assets (ROA) can be expressed in terms of the profit margin and asset turnover.
AP Financial nationwide leader
APFinancial Investments
AP Financial Capital

Identified shares
Stock or mutual fund whose purchase date and price may be identified for capital gains and tax purposes when shares sold.

AP Financial INC
APFinancial a wide variety of investment: Midget
A 15 year GNMA bond; similar to a Dwarf.

APFinancial Careers

Delayed settlement/delivery
In the context of general equities, transaction in which a contract is settled in excess of five full business days. Seller's option. See: Dividend play, settlement.

APFinancial Investment

Rubber check
A check that bounces for lack of funds.

APFinancial growth rate

Don't fight the tape
Phrase advising not to trade against the markettrend. If stock prices are rising, do not sell.

APFinancial Work places

AP Financial higher rate of return: A-D
Advance-Decline, or measurement of the number of issuestrading above their previous closing prices less the number trading below their previous closing prices over a particular period. As a technical measure of marketbreadth, the steepness of the AD line indicates whether a strong bull or bear market is under way.
AP Financial Business
APFinancial mutual funds
AP Financial

Guaranteed insurance contract
A contract promising a stated nominal interest rate over some specific time period, usually several years.

APFinancial Representatives
APFinancial a wide variety of investment: Legal defeasance
The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture.

AP Financial Coproration

Break-even payment rate
The prepayment rate of an MBScoupon that will produce the same cash flow yield (CFY) as that of a predetermined benchmark MBS coupon. Used to identify for coupons higher than the benchmark coupon the prepayment rate that will produce the same cash flow yield (CFY) as that of the benchmark coupon; and for coupons lower than the benchmark coupon the lowest prepayment rate that will do so.

APFinancial Insurance

Kuala Lumpur Options and Financial Futures Exchange (KLOFFE)
Established in 1995, the Kuala Lumpur Options and Financial Futures Exchange offers equity derivative products based on underlying instruments traded on the Kuala Lumpur Stock Exchange (KLSE).

AP Financial choose investments

Paired off
Used for listed equity securities. Matched buy and sell market orders, usually pertaining to the pre-opening market picture in a stock, or MOC orders (especially relating to futures/optionsexpirations).

AP Financial Credits

AP Financial Finance: North American Free Trade Agreement (NAFTA)
A regional trade pact among the United States, Canada, and Mexico.
APFinancial Job Offers
APFinancial a wide variety of investment
AP Financial Market Summary

Currency Exchange Risk
Uncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency.

AP Financial nationwide leader
APFinancial Careers: Normal probability distribution
A probability distribution for a continuous random variable that forms a symmetrical bell-shaped curve around the mean. This distribution has no skewness or excess kurtosis.

APFinancial Asociates

In competition
Indication that the customer has revealed trading interest to multiple brokers and that the trade will take place with the firm having the highest bid or lowest offer. Antithesis of exclusive.

APFinancial traditional bank instruments

Portfolio theory
See: Modern portfolio theory.

APFinancial Investment

Period-certain annuity
An annuity that provides guaranteed payments to an annuitant for a specified period of time.

AP Financial choose investments

: Skip-day settlement
Settling a trade one business day beyond what is normal.
AP Financial Finance
APFinancial growth rate
APFinancial Job Offers

Forward discount
A currencytrades at a forward discount when its forward price is lower than its spot price.

AP Financial Capital
APFinancial Careers: Investment manager
The individual who manages a portfolio of investments. Also called a portfolio manager or a money manager.

AP Financial tax advantages

Computerized market timing system
A computer system that compiles large amounts of trading data in search of patterns and trends to make buy and sell recommendations.

APFinancial a wide variety of investment

Time to maturity
The time remaining until a financialcontract expires. Also called time until expiration.

AP Financial Market Summary

Mandatory redemption schedule
Schedule according to which bondsinking fund payments must be made.

APFinancial Work places

: Option seller
Also called the option writer; the party who grants a right to trade a security at a given price in the future.
APFinancial investment companies
AP Financial
AP Financial Coproration

Nugget
A 15 year Gold FHLMC (Freddie Mac) bond; similar to a Dwarf.



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