Xetra

A trading venue operated by the Frankfurt Stock Exchange.

A trading venue operated by the Frankfurt Stock Exchange.

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Clean price

The quoted price of a gilt, which excludes accrued interest
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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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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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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Depository

We look at what is a depository and what role they play in keeping markets work.
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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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Securities

Bonds and stocks.
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