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Know Your Customer (KYC)

Know Your Customer (KYC)

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

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

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Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Coupon

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.
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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