Hedge Fund

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.

The data or information that is likely to impact a company's stock price.

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

A period of time that starts with the first day of the current calendar year and ends with today.

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.