Xetra

A trading venue operated by the Frankfurt Stock Exchange.

A trading venue operated by the Frankfurt Stock Exchange.

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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.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Maturity value

What's the maturity value of a bond?
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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Yield curve

A graphical representation of interest rates over time
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Rate of Return

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