What is 'XETRA'? Definition & meaning

More terms

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Leverage

A method of trading using borrowed money that usually involves a very high level of risk.

W-8BEN Form

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

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Income statement

A summary of a company's income and expenses over a set period of time.

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.

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Depository

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

Running yield

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

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Xetra