Dictionary
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Spot Rate

Spot Rate

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

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

More terms

Clean price

The quoted price of a gilt, which excludes accrued interest
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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OEIC

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

A tax deduction made at the source of the payment.
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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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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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