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

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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Yield curve

A graphical representation of interest rates over time
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Custodian bank

Learn what a custodian bank is.
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Income statement

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

Find out what dividends are and how they can contribute to the growth of your investment portfolio.
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Bed & ISA

Understand what Bed and ISA is and how it works
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