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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

Beta

Learn what Beta stands for in finance.

Dirty price

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

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.

Depository

We look at what is a depository and what role they play in keeping markets work.

Yield curve

A graphical representation of interest rates over time

Clean price

The quoted price of a gilt, which excludes accrued interest

Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.

Synthetic ETFs

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

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

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