Tag: banks

Kangaroo Bond

Kangaroo Bond What is 'Kangaroo Bond' A type of foreign bond that is issued in the Australian market by non-Australian firms and...

Keefe Bank Index

Keefe Bank Index What is 'Keefe Bank Index' An index of regional bank and money centers. The Keefe Bank Index is compiled...

Key Currency

Key Currency What is 'Key Currency' The currency used as a reference in an international transaction or when setting an exchange rate....

Hard Loan

Hard Loan What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability...

Hawala

DefinitionHawala or hewala, also known as hundi or—in Somali, xawala or xawilaad—is a popular and informal value transfer system based not on the movement...

Hara-Kiri Swap

Hara-Kiri Swap What is 'Hara-Kiri Swap' An interest rate or cross-currency swap devoid of any profit margin for the originator. The term...

Head Trader

Head Trader What is 'Head Trader' The manager of a trading business. He or she is responsible for the positions, risk and...

Incentive Trust

DefinitionIn American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income...

Illiquid Option

Illiquid Option What is 'Illiquid Option' An option contract that cannot be sold for cash quickly at the prevailing market price. Illiquid...

Implied Repo Rate

DefinitionImplied Repo Rate is the rate of return of borrowing money to buy an asset in the spot market and delivering it in the...

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