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Market Glossary

ABCDS
A credit default swap based on an Asset-Backed Security itself based on relatively risky home equity loans (U.S.) In effect a type of insurance against default on the underlying ABS.

ABCP
Taiwan: Asset-Backed Commercial Paper

Alpha
Hedge Funds: the incremental return above the market that a manager generates.

BaFin
Germany: financial regulator

Beta
Hedge Funds: market exposure

CFO
Chief Financial Officer

CIO
Chief Investment Officer

CPPI
Constant Proportion Portfolio Insurance

Donaldson, William
Former chairman of the Securities and Exchange Commission

Dynamo
A public Constant Proportion Portfolio Insurance product BNP

EAI
Enhanced Analytics Initiative

ECB
European Central Bank

Enhanced Analytics Initiative
Group set up to promote better sell-side research about extra-financial issues such as overall strategy, corporate governance, human capital management and environmental management. Members are large European institutional investors such as pension funds.

EPS
Earnings Per Share

ERFRAG
European Financial Reporting Advisory Group

ETF
Exchange-Traded Fund

FASAC
Financial Accounting Standards Advisory Council

FASB
Financial Accounting Standards Board

FFS
South Korea: Financial Supervisory Service

Financial Supervisory Commission
Taiwan: financial regulator

Grant Date
Stock Options:- "The date at which an employer and an employee reach a mutual understanding of the key terms and conditions of a share-based payment award." Defined in SFAS No 123 (Revised 2004) (123R)

KKR
Kohlberg Kravis Roberts

Mezzanine
When applied to finance refers to moderate risk or mid level.

NTS
South Korea: National Tax Service

NYSE
New York Stock Exchange

Private Equity Intelligence
Research group specialising in the private equity arena.

SOX
Shorthand for Sarbanes-Oxley.

Structured Notes
Derivatives-linked bonds designed to deliver high returns over a fixed period.

Synthetic Collateralised Debt Obligations
Repackaged portfolios of credit derivatives.

TOCOM
Tokyo Commodity Exchange

TSE
Tokyo Stock Exchange

WKSI
Well-Known Seasoned Issuers


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