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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

Spot Rate

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

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.

Capital

Learn what financial capital means

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.

Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

Rate of Return

Profit on an investment, expressed as a percentage of the investment.

Running yield

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

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