General Finance

General Finance

Industry: Financial services

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General Finance

symmetric cash matching

Financial services; General Finance

An extension of cash flow matching that allows for the short-term borrowing of funds to satisfy a liability prior to the liability due date, reducing the cost of funding liabilities.

Separate Trading of Registered Interest and Principal Securities (STRIPS)

Financial services; General Finance

Long-term notes and bonds divided into principal and interest-paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, ...

synchronous data

Financial services; General Finance

Information available at the same time. To test option-pricing models, the price of the option and of the underlying should be synchronous and reflect the same moment in the market.

term

Financial services; General Finance

The period of time during which a contract is in force.

separation property

Financial services; General Finance

The property that portfolio choice can be divided into two independent tasks: (1) Determination of the optimal risky portfolio, which is a purely mathematical problem, and (2) the personal choice of ...