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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.

More terms

Withholding Tax

A tax deduction made at the source of the payment.

Income statement

A summary of a company's income and expenses over a set period of time.

Gilt

What is a gilt?

Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..

Global Investment Performance Standards (GIPS)

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

Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.

Costs and Charges

The money you pay when investing.

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

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