Senior Secured Bonds are debt instruments backed by specific collateral, offering higher security to investors and generally receiving higher credit ratings.
An initiative by the European Union to standardize euro payments across the member states, facilitating smooth and efficient financial transactions.
The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union aimed at simplifying bank transfers denominated in euros. It facilitates seamless and secure financial transactions across member states.
Series 24 is a licensing exam and designation that grants supervisory authority at a higher level compared to the branch-level focus of Series 9/10.
A comprehensive guide to the Series 6 and Series 7 securities licenses, their historical context, types, key events, detailed explanations, importance, applicability, examples, and more.
An in-depth, comprehensive guide to Series 63, also known as the Uniform Securities Agent State Law Exam, detailing its purpose, structure, applicability, history, and relevance.
The Series 66 exam is designed for individuals seeking to become investment adviser representatives or securities salespeople, focusing on state regulations.
An in-depth guide to the Series 7 exam, a prerequisite for individuals aspiring to become general securities representatives. This includes the definition, components, examples, applicability, historical context, and related terms.
The Series 7 Exam, also known as the General Securities Representative Exam, is a crucial qualification for aspiring financial professionals which allows the holder to trade a broad range of securities.
Series 9/10 focuses on the supervisory aspect of securities sales, intended for those in management or oversight roles.
An in-depth guide to understanding the various fees associated with banking services.
An agreement to balance one debt against another or offset a loss with a gain.
The act of completing a trade contract involving the payment for or delivery of goods, securities, or currency, often facilitated by set dates or rolling settlement systems.
The term 'Settlement Cycle' refers to the interval between the trade date and the settlement date during which securities transactions must be finalized.
Settlement Day refers to the day on which trades are cleared by the delivery of securities or foreign exchange, ensuring the finalization of financial transactions.
A comprehensive guide to understanding settlement risk, its categories, key events, implications, and mitigation strategies.
Settlement time refers to the period required to transfer funds or securities to the intended recipient after a trade or financial transaction has been executed.
An in-depth exploration of shadow banks, unregistered financial intermediaries providing credit-facilitating services outside traditional banking regulations.
Understanding the Share Register: its significance, components, types, and practical applications in corporate governance.
Detailed exploration of the Shareholder Rights Plan, a specific type of poison pill used to deter hostile takeovers.
An in-depth exploration of Shareholders' Equity, its components, importance, and implications in corporate finance.
A detailed examination of short-dated securities, which are financial instruments that have a maturity period of under five years when first issued. Understand their types, benefits, key events, and more.
An in-depth exploration of financial instruments such as Treasury Bills and Commercial Paper with maturities of one year or less, including their types, importance, applicability, and more.
A comprehensive guide to understanding short-term loans, their types, uses, advantages, and potential drawbacks.
SIBOR, or the Singapore Interbank Offered Rate, is the interest rate at which banks in Singapore lend to one another and plays a crucial role in the Asian financial markets.
A detailed exploration of SICAVs, or Société d'investissement à capital variable, a prevalent open-ended collective investment fund.
The Securities Industry Essentials (SIE) exam is a prerequisite for the Series 7 exam, testing basic industry knowledge essential for careers in the securities industry.
A sight draft is a financial instrument where the payment is due immediately upon presentation to the drawee. Often used in international trade, it helps secure timely payment for goods and services.
A signer is an individual authorized to perform transactions on an account but not necessarily an owner.
An in-depth look at what a Single Account is, its importance, applications, key events, related terms, and much more.
An EU system of banking supervision comprising the European Central Bank (ECB) and national supervisory authorities.
The Securities Investor Protection Corporation (SIPC) protects customers of brokerage firms in case of financial failure. Learn about its history, importance, and impact.
An in-depth exploration of the SIX Group, the parent organization of the SIX Swiss Exchange, including its history, functions, and impact on global finance.
A comprehensive guide to the Small Firms Loan Guarantee (SFLG), its history, importance, implementation, and impact on small businesses.
Detailed exploration of SME Finance, its historical context, types, importance, and applicability, along with examples, related terms, and more.
An in-depth exploration of the practice of smurfing in financial transactions, its historical context, types, key events, detailed explanations, and its implications in the world of finance and banking.
A comprehensive guide to Short-Term Note Issuance Facility (SNIF) including historical context, types, key events, explanations, and importance.
An in-depth exploration of social lending, also known as peer-to-peer lending, including its historical context, types, key events, detailed explanations, and its importance and applicability in modern finance.
SOFR (Secured Overnight Financing Rate) is a benchmark interest rate for dollar-denominated derivatives and loans that reflects the cost of borrowing cash overnight collateralized by U.S. Treasury securities, providing a stable and tamper-resistant alternative to LIBOR.
SOFR (Secured Overnight Financing Rate) is a benchmark interest rate for dollar-denominated derivatives and loans, serving as the replacement for LIBOR.
A comprehensive overview of soft currency, its characteristics, historical context, differences from hard currency, and its economic implications.
A comprehensive look at soft inquiries, credit checks that do not affect credit scores. Learn types, considerations, examples, and more.
A detailed examination of soft loans, including historical context, key events, types, benefits, and comparisons to hard loans.
A comprehensive exploration of solvency, its significance in finance, banking, and business, as well as its application, assessment, and key considerations.
Solvency indicates the overall viability of an institution, and capital adequacy specifically measures its capital relative to risk-weighted assets, emphasizing its ability to withstand financial stress.
SONIA (Sterling Overnight Index Average) is a key benchmark for overnight unsecured transactions in the sterling market. This article explores its historical context, significance, calculations, and applications in the financial sector.
An in-depth look at SONIA, the Sterling Overnight Index Average, and its role in the financial markets.
SONIA, or Sterling Overnight Interbank Average Rate, is an index tracking sterling overnight funding rates for trades during off hours, serving as a proxy for market interest rate expectations.
A Sort Code is a sequence of numbers used in the UK to identify the branch holding a bank account. It is essential for various financial transactions, including electronic payments and cheque processing. The US equivalent is the routing number.
Sovereign Credit Ratings are evaluations of a country's creditworthiness, providing insight into the country’s ability to repay debts. These ratings play a crucial role in global finance, impacting investment decisions and borrowing costs.
Comprehensive examination of Special Deposits, their historical context, importance, applicability, and detailed explanations within the banking and finance sectors.
A scheme introduced by the Bank of England in 2008 to improve the liquidity of the banking system during the financial crisis by allowing banks and building societies to swap high-quality securities for UK Treasury bills.
A Special Purpose Vehicle (SPV) is a subsidiary created by a parent company to isolate financial risk. This article delves into its historical context, types, key events, explanations, models, importance, examples, and more.
An in-depth look at Specific Bank Guarantees, their historical context, types, importance, and examples in finance.
A comprehensive guide to Stale Cheques, their implications, importance, and related considerations in the banking sector.
An arrangement by central banks to lend one another reserves if necessary to resist speculative pressure on their exchange rates.
A standby letter of credit (SBLC) is a secondary payment instrument that assures the beneficiary of payment if the primary obligations are not met, commonly governed by the Uniform Customs and Practice for Documentary Credits (UCP).
Detailed information on Standby Revolving Credit, including historical context, types, key events, explanations, mathematical models, charts, importance, applicability, examples, related terms, and more.
Standby underwriting is a financial guarantee where underwriters commit to purchase any remaining shares not subscribed by shareholders during a new issue.
Standing Facilities (SF) are permanent facilities provided by central banks to manage liquidity and offer short-term borrowing opportunities at predefined rates.
A comprehensive overview of Standstill Agreements, their historical context, types, key events, detailed explanations, and importance in various fields.
A State-Chartered Bank is a financial institution that receives its charter and regulatory oversight from a state government, encompassing both member and nonmember banks.
Understanding Stated Interest: The Nominal Interest Rate Declared in Financial Agreements
The specific date when the billing statement is generated and issued to the customer, often close to but not identical to the cycle date.
The Statutory Liquidity Ratio (SLR) is a mandatory reserve requirement that banks must maintain, ensuring financial stability and liquidity in the banking system.
An in-depth look at Sterling M3, a former measure of broad money in the UK, including its components, historical context, importance, and applicability.
An in-depth exploration of the Sterling Overnight Index Average (SONIA), its significance in financial markets, historical context, calculation, and impact on various sectors.
An ISA where investments in stocks and shares can grow tax-free.
A comprehensive guide on Stop Payment Fees, their historical context, types, key events, importance, and applicability in banking and finance.
A comprehensive guide to understanding stopped payment, its procedures, significance, examples, and related terms in the banking sector.
Stress Testing is a method of risk analysis that uses simulations to estimate the impact of worst-case situations. This article explores its historical context, key events, types, and applications in various fields, along with mathematical models, charts, and more.
A comprehensive examination of stressed assets, including historical context, types, key events, explanations, models, and their significance in banking and finance.
The Structural Model of Credit Risk is an approach used for assessing credit risk by examining a firm's asset and liability structures. This method provides insights into a firm's default probability through various techniques and models.
An in-depth look at structured finance, its components, historical context, and impact on the financial markets, particularly during the 2007-08 financial crisis.
A comprehensive guide to Structured Investment Vehicles (SIVs), including their definition, historical context, types, key events, mathematical models, and their rise and fall during the global financial crisis.
An in-depth guide on Structured Investment Vehicles (SIVs), their history, types, key events, and their role during the 2007 financial crisis.
An in-depth exploration of structuring, its historical context, types, key events, detailed explanations, and implications in finance, law, and regulations.
Detailed exploration of structuring a deposit, often referred to as smurfing, its implications in finance, related regulations, and detection methods.
Local entities that provide custody services in their respective countries on behalf of the global custodian. This article covers the role, types, importance, and examples of sub-custodians in financial markets.
Understanding subordinated debt, its historical context, key events, types, mathematical models, importance, applicability, and much more.
A subordinated loan is a type of debt that ranks below other loans in claims on assets and earnings in the event of a borrower default or liquidation. Learn its characteristics, types, and impacts in this detailed entry.
Subprime Lending refers to the provision of loans, particularly home loans, to borrowers with a poor credit rating. These loans are considered high risk and therefore come with higher borrowing costs. Reckless subprime lending was a significant factor in the financial crisis of 2007-2008.
Subprime loans are loans offered to individuals with poor credit ratings, typically associated with a higher likelihood of default and elevated interest rates.
An in-depth exploration of subprime mortgages, their historical context, types, key events, and their role in financial crises.
A comprehensive overview of Subscribed Share Capital, its types, key events, detailed explanations, importance, applicability, and related terms in corporate financing.
A Subsidized Loan is a type of loan in which the lender or a third party pays the interest on behalf of the borrower for a certain period, often used in the context of student loans.
A Substitute Cheque, also known as an Image Replacement Document (IRD), is a paper copy of an original cheque that is created digitally as part of the cheque truncation process.
A detailed exploration of a fee structure where an investment bank is compensated only upon the successful closure of a deal.
A comprehensive guide to Sukuk, the Islamic equivalent of bonds, compliant with Shariah principles.
Superpriority refers to the legal right that certain claims have to take precedence over others, including federal tax liens, in the context of bankruptcy, financial distress, and other areas of law.
A Supervisory Analyst is a professional tasked with reviewing and approving research reports to ensure they meet regulatory and quality standards.
Supervisory Review is the process through which regulatory authorities evaluate the health and performance of financial institutions to ensure stability, compliance, and sound risk management practices.
A detailed explanation of Suspicious Activity Report (SAR), a document that financial institutions must fill out to report any suspected case of money laundering or fraud.
A comprehensive guide to Suspicious Transaction Reports (STRs) in the financial sector, covering their importance, process, and regulatory framework.
A comprehensive overview of SWAPs including their types, historical context, key events, importance, applicability, examples, related terms, comparisons, interesting facts, and more.
Swap agreements are contracts where two parties agree to exchange cash flows based on different financial benchmarks or interest rates.
A swap involves the exchange of cash flows or other financial instruments between parties, often used for interest rate or currency management.
A comprehensive overview of Swap Data Repositories (SDRs), entities that collect and maintain records of swap transactions, including historical context, importance, types, regulations, and more.
Swap Points are the points added or subtracted from the spot rate to calculate the forward rate in a currency swap.
A comprehensive guide to understanding sweep accounts, their types, benefits, and operational mechanisms in banking and investment.
