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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

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

United States Dollar (USD)

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

OEIC

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

Spot Rate

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

Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

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.

Running yield

The annual interest payment (dividend) divided by the current market price of a bond.

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

UK Treasury bill

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

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