Where documents presented by an Exporter under a Letter of Credit do not comply with the terms of the Letter of Credit or are inconsistent with other documents presented.

A strategy in which one call and one put with the same expiration, but different strike prices, are.

The dividend declared before annual earnings are established. Companies in the UK usually pay two.

The refusal to pay or accept a Bill of Exchange.

A particular type of order which a client gives to his broker when buying shares.

See: 'condor.

A term used when money is borrowed in a foreign.

A term used by the London Stock Exchange to denote that a trade was executed in one currency but.

Cash, cheques etc. which circulate in an economy as an accepted means of.

(GNP)The total value of all goods and services produced by a country. Real growth in GNP measures the.

A licence, granted by one company (franchisor) to another company or person (franchisee), entitling.

An option strategy with limited risk and limited profit potential that involves both a long (or.

A person specialising in insurance matters and who gives advice on the subject as well as arranging.

See: 'Financial Services Compensation.

The closing price is the last price for a tradable instrument at the time the market closes. On.

A bond issued in sterling by a foreign institution or.

(ETF)ETFs are a new kind of collective investment fund competing with investment trusts and unit.

Instead of making an initial charge, some unit trust companies (particularly PEP managers) make a.

A system designed to adjust accounting for changes in prices that affect a company's assets. The.

A US high-speed system that continuously provides the last sale price and volume of any securities.