123 Flash Menu Placeholder.

Term Definition: # | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

 

 

G7 The seven leading industrial countries: the US, Germany, Japan, France, the UK, Canada, and Italy.
G10 The G7 plus Belgium, the Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved. 
Gold Standard The original system for supporting the value of issued currency. Where the price of gold is fixed against the currency this means that the increased supply of gold does not lower its price but causes prices to increase. 
Gross Basis Open positions, calculated without the benefit of any netting between long and short positions.
"GTC Order" or "Good Till Cancelled Order" A trade order placed for a specific amount of time to buy or sell a foreign currency. An order left with a dealer to buy or sell at a fixed price. The order remains in place until it is canceled by the client.
G10: G7 plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved.
G5: The Group of five. The five leading industrial countries, being US, Germany, Japan, France, UK.
G7: The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy
Gamma: The rate at which a delta changes over time or for one unit change in the price of the underlying asset.
Gap: A mismatch between maturities and cash flows in a bank or individual dealers position book. Gap exposure is effectively interest rate exposure.
 
Garman Kohlhagen: An option model
Gearing: A company's debts expressed as a percentage of its equity capital.
Gilt edged: In the UK, loans issued on behalf of the government to fund its spending. Longs are gilts with a redemption date greater than 15 years. Mediums are those with a redemption date between 5 and 15 years. Shorts are those with a redemption date within 5 years
Ginnie Mae: Securities issued by the Government National Mortgage Association (GNMA) of the USA.
GLOBEX: A system for global after hours electronic trading in futures and options developed by Reuters for CME and CBOT for use in conjunction with various exchanges round the world
GNMA: Government National Mortgage Association . The government owned entity that was established to take over some of the FNMA functions. Unlike the FNMA its paper bears a government guarantee.
GNP Deflator: Removes inflation from the GNP figure. Usually expressed as a percentage and based on an index figure.
GNP Gap: The difference between the actual real GNP and the potential real GNP. If the gap is negative an economy is overheated.
Going long: The purchase of a stock or commodity for investment or speculation.
Going short: The selling of a currency or instrument not owned by the seller.
Gold Clause: A clause in a financial agreement linking a monetary payment to the value of gold.
Gold Franc: Several gold francs are minted. The Swiss gold franc is used in BIS's balance sheet The value of these Francs is now expressed in terms of SDRs.
Gold Standard: The original system for supporting the value of currency issued. The was that where the price of gold is fixed against the currency it means that the increased supply of gold does not lower the price of gold but causes prices to increase.
Gold Tranche: Part of the country quota for IMF members that had to be paid in gold. This was normally 25% of the quota, the remainder being in domestic currency. The Gold Tranche was automatically available to members without condition.
Good until cancelled: An instruction to a broker that unlike normal practice the order does not expire at the end of the trading day, although normally terminates at the end of the trading month.
Gramm Rudman: The Gramm Rudman Hollings Act is the US law imposing a gradual reduction in the Federal budget deficit.
Green Currency: A notional currency used in the EU's Common Agricultural Policy to keep agricultural prices at the same level throughout the EU to ensure a unified market.
Grid: Fixed margin within which exchange rates are allowed to fluctuate.
Gross Domestic Product: Total value of a country's output, income or expenditure produced within the country's physical borders.
Gross National Product: Gross domestic product plus " factor income from abroad" - income earned from investment or work abroad.
Gross Settlement: A process where full payment of each transaction is made rather than clearing a group of transactions as currently occurs in the FX market. A method designed to eliminate capital risk.
Gross: Before deduction of tax.
Grossing-up: Calculating a gross or pre-tax rate of interest or dividend by adding a notional amount of tax to the net, or post-tax amount received.
Group of Five etc.: See G5, G7, G10.
GTC: See Good until cancelled.

 

Term Definition: # | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Copyright © 2003-2016   Swiss Investment Bank Account Consulting AR LTD

The information contained in this Website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation. We are not a bank and canít be held responsible for any loss or damages whether direct, incidental, indirect, special, or consequential, among others, relating access to this Web site. Read our Disclaimer / Terms and Conditions.