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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

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

Withholding Tax

A tax deduction made at the source of the payment.

Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.

Gilt

What is a gilt?

Leverage

A method of trading using borrowed money that usually involves a very high level of risk.

Alpha

The percentage by which an investor outperforms a relevant benchmark.

Beta

Learn what Beta stands for in finance.

Base rate

What's the base rate?

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