Financial Markets

Debt securities are tradable claims through which an entity raises funds and commits to repay investors under predetermined terms. Investor compensation can take the form of …

Defaulter pays is a risk-management approach in which a participant is responsible for ensuring that its failure does not impose an unfunded loss on others. Protection …

Delivery versus delivery (DvD) is a settlement method in which two securities exchanges are coordinated so that neither exchange is finalized unless the other is successfully …

Delivery versus payment (DvP) is a settlement method for securities trades in which the buyer's funds and the seller's securities are released as coordinated parts of …

Financial auxiliaries are companies or comparable entities that facilitate financial services without themselves carrying out the main intermediary function. They may arrange insurance, advise investors or …

Financial derivatives are contracts whose economic outcome depends on a reference value, such as a security, commodity, market index, interest rate or exchange rate. They are …

Financial markets are organised channels for allocating capital between savers and borrowers. They enable financial claims, such as loans or securities, to be issued, traded and …

The Financial Stability Board (FSB) is a forum for cooperation among public authorities responsible for financial regulation and supervision worldwide. It develops common approaches to financial-sector …

A fixed-rate bond promises interest payments calculated at a rate established when it is issued. That rate remains unchanged until maturity, although the bond may later …

A fixed-rate instrument pays interest at a rate set when it is issued and held constant until maturity or the end of its contractual term. The …