The interest rate at which stockbrokers borrow from banks to cover the securities positions of their clients, typically hovering close to the prime rate.
In the UK, the discount market refers to a segment of the money market where banks, discount houses, and bill brokers engage in the discounting of bills and short-term financial instruments to facilitate liquidity and profitability.
Any organization whose core activity is to provide financial services or advice in relation to financial products. Financial institutions include state bodies, such as central banks, and private companies, such as banks, building societies, and financial markets.
A homeowner's equity account is a credit line offered by banks and brokerage firms, allowing homeowners to access the equity built up in their homes. This type of account acts as a revolving credit second mortgage.
An institutional investor is an organization, such as a bank, insurance company, or pension fund, that trades in very large volumes of securities. Institutional investors tend to dominate stock exchanges in many countries.
An intermediary acts as a go-between in various capacity including executive recruiters, brokers and financial institutions that facilitate investment decisions on behalf of others.
The International Capital Market Association (ICMA) is a trade association and self-regulatory organization that serves European participants involved in international debt capital markets. This includes banks, exchanges, dealers and brokers, asset managers, and investors.
An investment analyst helps in making informed decisions about investments in securities, commodities, and more, typically employed by financial institutions.
The issue price, also known as the offering price, is the price at which a new issue of shares is sold to the public. The market price of the securities may vary post-issuance, trading at a premium or a discount to the issue price.
Open-End Credit is a revolving line of credit offered to consumers by banks, savings and loans, and other lenders, allowing for repeated borrowing up to a specified limit.
Learn about the PRA, its role in financial regulation, the implications for banks and financial institutions, and the broad spectrum of activities it oversees.
A Public Interest Entity (PIE) is an organization that operates under the scrutiny of the public eye due to its size, importance, or influence in the marketplace. These entities often include publicly traded companies, banks, insurance companies, and other financially significant institutions.
The City of London, often referred to simply as 'the City,' represents London’s financial district where many prominent banks, financial markets, and exchanges are headquartered. It remains an influential international merchanting center situated in a one-square-mile area known as the Square Mile.
