Post on 02-Apr-2018
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A Glossary of Securitiesand Financial Terms
English to Traditional Chinese
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A
AAAC see Academic and Accreditation AdvisoryCommittee SFC
ABS see asset-backed securities
ACCA see Association of Chartered Certified Accountants, The
ACG see Asia-Pacific Central Securities DepositoryGroup
ACIHK see ACI-The Financial Markets of Hong Kong
ADB see Asian Development Bank
ADR see American depositary receipt
AFTA see ASEAN Free Trade Area
AGM see annual general meeting
AIB see Audit Investigation Board
AIM see Alternative Investment Market UK
AIMR see Association for Investment Managementand Research
AMCHAM see American Chamber of Commerce
AMEX see American Stock ExchangeAMS see Automatic Order Matching and Execution
System
AMS/2 see Automatic Order Matching and ExecutionSystem / Second Generation
AMS/3 see Automatic Order Matching and ExecutionSystem / Third Generation
ANNA see Association of National NumberingAgencies
AOI see All Ordinaries Index
AOSEF see Asian and Oceanian Stock ExchangesFederation
APEC see Asia Pacific Economic Cooperation
API see Application Programming Interface
APRC see Asia Pacific Regional Committee of IOSCO
ARM see adjustable rate mortgage
ASAC see Asian Securities' Analysts Council
ASC see Accounting Society of China
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ASEAN see Association of South-East Asian Nations
ASIC see Australian Securities and InvestmentsCommission
AST system see automated screen trading systemASX see Australian Stock Exchange
ATI see Account Transfer Instruction
ABF Hong Kong Bond Index Fund ABF
ABF Pan Asia Bond Index Fund (Paif)
abnormal item
about order above par
above the line
Academic Advisory Committee SFC
Academic and Accreditation Advisory Committee(AAAC) SFC
accelerated depreciation
accept order
acceptanceacceptance house
accommodation bill
accommodation charge
Account Transfer Instruction (ATI)
accountability
accountants' report
accounting equation
accounting period
accounting practice
Accounting Society of China (ASC)
accounting standard
accounting treatment
accounts payable
accounts receivable
accretion
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accrual basis accounting *
accrued expenses
accrued interest
accrued revenue
accumulated depreciation
accumulated interest
accumulated profits
accumulator
ACI-The Financial Markets of Hong Kong(ACIHK)
acid-test ratio
acquisition
acquisition of shells
acting in concert
active business pursuits GEM
active market
actual market
actual price
actual useful lifead valorem stamp duty
add-on
additional margin
Adjudication Division
Adjudicator
adjustable rate mortgage (ARM)
adjusted basis
adjusted net assets
adjusted net tangible assets
adjustment
administering bank
admissible securities value
admitted value
advance
advance booking form
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Advisory Committee SFC
Advisory Specialist Group
affiliate; affiliated company
after market / aftermarket
after-hours dealing
after-tax profits
after-tax real rate of return
afternoon session
agency account
Agency Share Transfer System Mainland
China agency trade
agent
aggregate auction
aggregate market value
aging analysis of accounts
alert message
Alert Messge Service
algorithmic tradingAll Ordinaries Index (AOI)
all-or-none order
allotment
allottee
allowance accounting
Allowance for bad and doubtful debts
alpha coefficient alpha
Alternate
alternative investment
Alternative Investment Market (AIM) UK
amalgamation
Amended and Restated Addendum toMemorandum of Understanding GoverningListing Matters
( )
American Chamber of Commerce (AMCHAM)
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American depositary receipt (ADR) *
American Stock Exchange (AMEX)
American style option
amortisation
AMS order book
AMS Second Terminal
annual accounts
annual general meeting (AGM) *
annual report
Appeals Panel SFC
appetite for risk Application Programming Interface (API)
Applied Research Fund
appreciation
appropriation
approved borrower
approved deposit fund
approved lending agent
approved redeemable share
arbitrage * *
arbitrary scale up method
arithmetic average; arithmetic mean statistics
arm's length transaction
arrears
articles of association
ASEAN Free Trade Area (AFTA)
ASEAN Regional Forum
Asia-Pacific Central Securities Depository Group(ACG)
Asia Pacific Economic Cooperation (APEC)
Asia Pacific Loan Market Association
Asia Pacific Regional Committee (APRC) of IOSCO
Asian and Oceanian Stock Exchanges Federation
(AOSEF)
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Asian Development Bank (ADB)
Asian dollar bond
Asian dollar market
Asian Securities' Analysts Council (ASAC)
Asian Securities Analysts Federation
ask price; asked price
asset
asset allocation
asset coverage
asset injection
asset management companyasset stripper
asset stripping
asset swap
asset-backed securities (ABS)*
assignee
assignment
assignment options assignor
assistant supervisor GEM
associate
associate; associate company; associated company *
associated person
Association Cambiste Internationale
Association for Investment Management and Research (AIMR)
Association of Chartered Certified Accountants,The
Association of International Accountants, The
Association of National Numbering Agencies(ANNA)
Association of South-East Asian Nations (ASEAN)
Association of Stockbrokers in Hong Kong (1891) 1891
at-auction limit order
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at-auction order
at-best order
at-the-close order
at-the-money option
at-the-opening order
ATI Batch File Transfer
attributable equity interest
auction
auction = open outcry =
auction market
Audit Committee SFC Audit Committee
Audit Investigation Board (AIB)
audit test
audit trail /
audited accounts
auditor *
auditors' report
austerity measures
Australian Securities and Investments Commission(ASIC)
Australian Stock Exchange (ASX)
authorised capital
authorised clerk
authorised fund
authorised representative
authorised user
automatched stock
automated screen trading system (AST system)
automatic exercise options
Automatic Order Matching and Execution System(AMS)
Automatic Order Matching and Execution System /Second Generation AMS/2
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Automatic Order Matching and Execution System /Third Generation (AMS/3)
average daily turnover
Average Return Warrant
average value order
* Terms commonly used in the Mainland
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B
B/C date see book close dateBear ELI see Bear Equity Linked Instrument
BESS see Brokers' Electronic Support Services
BFI see Brokers' Fidelity Insurance Scheme
BIS see Bank for International Settlements
BSS see Broker Supplied System
BTF see Block Trade Facility; Block Trading Facility
Bull ELI see Bull Equity Linked Instrument
back month
back office
back-office system
backdoor listing
backend enforcement SFC
backup interactive line
bad debt bait order
balance
balance of payments
balance sheet
balance sheet date
balancing item
bank confirmation
Bank for International Settlements (BIS)
Bank of England
Bank of Japan
bank reconciliation statement
banker's acceptance
banking company
banking facility
banner barter transaction
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bare trustee
barrier option
barrier warrant
base day
base listing document
Basel Agreement
Basel Committee on Banking Supervision (BaselCommittee)
( )
Basel Concordat
basis point
basis risk
basket of currencies
basket warrant
batch settlement run
Bear Equity Linked Instrument(Bear ELI)
bear market
bear position *
bear raid
bearer securities
Bearer Treasury Mainland China
below par
below the line
benchmark mortgage pool
benchmark yield curve
beneficial holder
beneficial interests beneficial owner
beneficiary
benefits-in-kind
Best Corporate Governance Disclosure Awards
best execution price
Best Practice Guide on Financial Disclosure byAuthorised Institutions HKMA
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best price
beta coefficient
beta test mode
bid price
bid-asked spread
bidder
Big Bang UK
bilateral netting
bill of exchange
binomial option pricing model
black box tradingBlack-Scholes option pricing model
"black out" period
blanket waiver
block order
block trade *
Block Trade Facility; Block Trading Facility(BTF)
blocking period blue chip
board lot
board of directors
boiler room
bond
bonus issue
bonus share
book building method *
book close date (B/C date)
book closure period
book runner
book value
bought deal
branch certificate
breadth of the market
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breakeven point
bridging loan
Broker Activities Working Team
Broker Participant CCASS Participants
Broker Supplied System (BSS)
Brokers' Accounting System
Brokers' Electronic Support Services (BESS)
Brokers' Fidelity Insurance Committee
Brokers' Fidelity Insurance Scheme (BFI)
brokerage
brokerage house brought forward accounting
browse and pick
bubble economy
bucketing
bulk registration service
Bull Equity Linked Instrument(Bull ELI)
bull market bull position *
Bulletin Board
business day
business registration certificate
butterfly spread
buy and hold strategy
buy in
buy order
buy-back cf repurchase agreement
buy-out / buyout
buyout repo *
* Terms commonly used in the Mainland
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C
CAPI see China Association for the Promotion of Investment
CASIF see Chinese Association of Securities InvestmentFunds, The
CBBC see Callable Bull / Bear Contract
CBO see Collateralised Bond Obligation
CBOE see Chicago Board Options Exchange
CBOT see Chicago Board of Trade
CBRC see China Banking Regulatory Commission
CCASS see Central Clearing and Settlement System
CCMS see Common Collateral Management System
CCP see Central Counterparty
CCSD see Conference of Central Securities Depositories
CDC see China Governmnet Securities DepositoryTrust & Clearing Co. Ltd.
CDO see Collateralised Debt Obligation
CDR see Chinese depositary receipt
CEDEL see
Centrale de Livraison de Valeurs MobilieresEurope
CEPA see Closer Economic Partnership Arrangement
CER see Certified Emissions Reductions
CFA see Corporate Finance Association
CFD see contract for differences
CFETS see China Foreign Exchange Trade System
CFFEX see China Financial Futures Exchange
CFMMC see China Futures Margin Monitoring Center
Co., Ltd.CFTC see Commodity Futures Trading Commission
US
CGT see capital gains tax
CHATS see Clearing House Automated Transfer System
CHESS see Clearing House Electronic Subregister System Australia
CHIS see Computershare Hong Kong Investor ServicesLimited
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CIC see China Investment Corporate Ltd
CICPA see Chinese Institute of Certified PublicAccountants
CIMA see Chartered Institute of ManagementAccountants
CIRC see China Insurance Regulatory Commission
CIS see collective investment schemes
CLO see Collateralised Loan Obligation
CME see Chicago Mercantile Exchange
CMU see Central Moneymarkets Unit HKMA
CNS see continuous net settlement
COD see cash on delivery
COP see Calculated Opening Price
CPI see Capital Protected Instrument
CPSS see Committee on Payment and SettlementSytstems, The
CPT see Continuous Professional Training
CSDCC see China Securities Depository and ClearingCorporation Limited
CSRC see China Securities Regulatory Commission
cabinet bid
cabinet trade
Cadbury Committee UK
Cadbury Report UK
Calculated Opening Price (COP)
calendar spread
call auctioncall market
call option *
call premium bonds
call price CBBC
call spread derivative warrant
call warrant
call writer
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call-over
Callable Bull / Bear Contract (CBBC)
cancelled share
candlestick chart
capital account *
capital adequacy
capital adequacy ratio /
capital adjustment
capital appreciation
capital expenditure
capital formationcapital gain
capital gains tax (CGT)
capital loss
capital market
capital plus warrant
capital preservation product
Capital Protected Instrument (CPI)
capital reserve
capital value
capitalisation
capitalisation issue
capitalisation of interest
carried forward accounting
carry trade
cash alternative
cash client
cash commission rebate;cash rebate
cash company
cash flow *
cash flow statement
cash market
Cash Market Consultative Panel
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cash marks
cash on delivery (COD)
cash prepayment service
cash price
cash settled ELI
cash settlement *
cash shell
"Caveat Emptor" (let the buyer beware)
CCASS/3
CCASS Depository
CCASS Guarantee Fund CCASS Internet System
CCASS Operational Procedures
CCASS Participant & Designated Bank List
CCASS Phone System
"cease and desist" order
ceiling-floor agreement
censure
Central Clearing and Settlement System (CCASS)
central counterparty (CCP)
central depository
Central Moneymarkets Unit (CMU) HKMA
central nominee
central order book
central transaction log
Centrale de Livraison de Valeurs Mobilieres(CEDEL) Europe
centralised borrowing and lending system
certificate of incorporation
certificate replacement service
Certificate Treasury Mainland China
certificated shareholder
Certified Emissions Reductions (CER)
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CFA Institute CFA
chain principle
Chamber of Hong Kong Listed Companies
change of domicile
change of year end
charge
charging structure
chartered financial analyst
Chartered Institute of Management Accountants(CIMA)
CHATS Payment Instruction
Chicago Board of Trade (CBOT)
Chicago Board Options Exchange (CBOE)
Chicago Mercantile Exchange (CME)
chief agency broker *
chief dealer
China Association for the Promotion of Investment(CAPI)
China Banking Regulatory Commission (CBRC)
China Beijing Equity Exchange
China-controlled company (Red Chip) ( )
China Financial Futures Exchange (CFFEX)
China Foreign Exchange Trade System (CFETS)
China Futures Association
China Futures Margin Monitoring Center Co., Ltd.(CFMMC)
China Government Securities Depository Trust &Clearing Co. Ltd. (CDC)
()
China Insurance Regulatory Commission (CIRC)
China International Economic and TradeArbitration Commission
China Investment Corporate Ltd (CIC)
China SAFE Investments Ltd
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China Securities Depository & ClearingCorporation Limited (CSDCC)
China Securities Free Floating Index
China Securities Index Co., Ltd
China Securities Investor Protection Fund Corporation Limited Mainland China
China Securities Regulatory Commission (CSRC)
China Securities Regulatory Commission OfficialBulletin publication
China Stock Markets Web
Chinese Association of Securities Investment
Funds, The (CASIF)Chinese depositary receipt (CDR) *
Chinese Gold and Silver Exchange Society, The
Chinese Institute of Certified Public Accountants(CICPA)
Chinese News System
Chinese Wall
choice market making
churningcircuit breakers
circuit fee
claim notice
class action shareholder lawsuit
classified voting system
claw back mechanism
clearing *
Clearing Agency Participant CCASSParticipants
clearing agreement
Clearing Consultative Panel
clearing house
Clearing House Automated Transfer System(CHATS)
Clearing House Electronic Subregister System
(CHESS) Australia
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Clearing Participant options trading
clearing price *
Clearing Service Call Centre
client account
client margin
Client Offset Claim Account
Client Registered Trader
client server architecture
client's agreement
close out
closed-end fund Closer Economic Partnership Arrangement
(CEPA)
closing auction session
closing buy options
closing contract
closing price
closing sale options
closing stock closing transaction
closure of books; closure of register
cluster server
Coalition on Service Industry Hong KongGeneral Chamber of Commerce
Code of Best Practice
Code of Conduct
Code of Conduct for Share Registrars SFC Code of Conduct for Sponsors and Independent
Financial Advisers
Code on Corporate Governance Practices
Code on Investment-linked Assurance Schemes
Code on Share Repurchases
Code on Takeovers and Mergers
cold shoulder order
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collateral *
collateral eligibility
Collateralised Bond Obligation (CBO)
Collateralised Debt Obligation (CDO)
Collateralised Loan Obligation (CLO)
collateralised repo *
collateralised warrant
collective investment fund
collective investment scheme (CIS)
co-manager
combination order combined net tangible assets
combo order
comfort letter
commercial paper
commission rebate
Commissioner of Insurance
Committee of Payment System HKMA Committee on Payment and Settlement Systems,
The (CPSS)
Committee on Unit Trusts SFC
commodities dealer
Commodity Futures Trading Commission (CFTC)US
Common Collateral Management System (CCMS)
common nominee"common nominee" share certificate
Common Risk Management System
communication status message line
Companies Registry
Company Bulletin Board UK
Compensation Committee
Compensation Fund Reserve Account
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compliance adviser
compliance officer GEM
composite order
composite risk
composite table
composite trades
comprehensive income
Comptroller of the Currency US
compulsory buy-in
Compulsory Stock Borrowing and LendingService in CCASS
Computershare Hong Kong Investor ServicesLimited (CHIS)
concentrated position
concentration risk
concentration risk adjustment
concept stock
conditional agreement
conditional cash offer
Conference of Central Securities Depositories(CCSD)
Conflict Committee
connected person
connected transaction
consideration *
consideration issue
consideration share
consolidated financial statement
consolidation
constitution
construction-in-progress
contested takeover
contingent liabilities
contingent order LSE
contingent premium
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continuing connected transaction
continuing obligation
continuing operation
continuous auction
continuous net settlement (CNS)
Continuous Professional Training (CPT)
Continuous Quotes
contra broker
contract for differences (CFD)
contract multiplier
contract notecontract size
contract specifications
contract unit
contracted price
contractual mutual fund
contrarian
contribution
control account
controller workstation
controlling interest
controlling shareholder
conversion options
conversion ratio
convertible bond
convertible note
convertible redeemable note
convertible securities
Co-ordinating Committee on Market StructureReform
core earnings
cornering
cornerstone investor
corporate accounting
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corporate actions service fee
corporate bond *
corporate communication
Corporate Exchange Participant
Corporate Finance Association, The (CFA)
corporate governance *
Corporate Investor Account
Corporate Plan SFC
corporate raider
Corporate Substantial Shareholders Notification
co-sponsor cost effectiveness
cost of carry
co-trustee
counter order
counterparty
counterparty risk
coupon; coupon rate
coupon-reset date
cover ie close out a short position = buy in
covered call options
covered option
covered short selling
covered warrant
covered writing
credit
credit control
credit limit
credit rating
credit risk
credit squeeze
credit trading *
creditor
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creeper
cross collateral
cross currency trade
cross listing
cross margining
cross-border listing
crossed market
crossed trade; cross trade; crossing
crossing system
crude oil futures
cumulative advancecumulative voting *
currency basket
currency board system
currency forward
currency futures
currency translation exposure
currency warrant
current account
custodian
Custodian Participant CCASS Participants
* Terms commonly used in the Mainland
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D
DvP see delivery vs payment
DCASS see Derivatives Clearing and Settlement System
DCI see Direct Credit Instruction
DCP see Direct Clearing Participant
DDF see Digital Data Feed
DDI see Direct Debit Instruction
DMT see dual mode terminal
DNS see Depository and Common Nominee System
DRP see Disciplinary Review PanelDTB see Deutsche Terminborse
DTC see deposit-taking company
DTC US see Depository Trust Company US
daily average funds netting efficiency
daily average settlement efficiency
daily margindaily margin call
Daily Movement Statement clearing
daily price swing limit
daily quotations sheet
daily settlement price
Daily Trading Activity and Open PositionsSummary Report futures
daily trading limitdark fibre
data feed
day order
day trade
day-end batch processing
day-end marks
de minimus (waiver) provision
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deal ticket
dealer *
dealer's representative
dealing director
dealing partnership
dealing practice
dealing room
debenture
debit
debit balance
debt chaindebt-for-equity swap
debt market
debt repayment
debt securities
debt-to-equity ratio / *
debtor
decaying asset
Declaration and Undertaking with regard toDirectors
decumulator
dedicated line
deemed book close date
deemed VAT
deep-in-the-money option
deep-out-of-the-money option
default
default recovery contribution
defaulter
defective securities
defence document
deferred share
deferred tax
deflation
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Designated Specialist
designation transfer *
Deutsche Bundesbank
Deutsche Terminborse (DTB)
diagonal spread
differential reporting
Digital Data Feed (DDF)
digital information service
digital warrant
dilution *
direct business; direct business transactiondirect clearing
Direct Clearing Participant (DCP)
Direct Credit Instruction (DCI) /
Direct Debit Instruction (DDI) /
direct stock admission CCASS
Director's / Chief Executive's Notifications /
directors' fee
directors' remuneration
directors' report
Disciplinary Appeals Committee
Disciplinary Casebook
Disciplinary Committee
disciplinary jurisdiction
disciplinary power
disciplinary procedures
Disciplinary Review Panel (DRP)
disclaimer
discloseable transaction
disclosure
disclosure-based
disclosure of interests
discontinued operations
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discount
discount broker
discount rate
discount window
discounted cash flow /
discretionary account
discretionary bonus payment
discretionary manager
discretionary order
discretionary power
discretionary trust
disinflation
disinterested shareholder
disintermediation
dispersion statistics
disqualification order
distant month
distributable profitdistribution
distribution in specie
dividend *
dividend accumulator warrant
dividend and debt securities interest collectionservice fee
/
dividend in specie
dividend warrantdividend yield
documentation risk
domestic share Mainland China
dormant account fee
dormant company
Dow Jones Industrial Average
Dow Jones Industrial Average Options
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E
E day see exercise day
EAOSEF see East Asian and Oceanian Stock ExchangesFederation
EAS price see estimated average settlement price
EASDAQ see European Association of Securities DealersAutomated Quotations
EBRD see European Bank of Reconstruction and Development
ECN see electronic communications network
EDGAR see Electronic Data Gathering, Analysis and Retrieval US
EERI see Effective Exchange Rate Index for the HongKong Dollar
EFIL see Exchange Fund Investment Limited
EFN see Exchange Fund Note
EGM see extraordinary general meeting
EIPO see Electronic Initial Public Offering service
eIRC see Electronic Investor Resources CentreSFC
ELI see Equity Linked Instrument
ELN see equity linked note
EMSIS see Electronic Mailing Stock Information Service
EMU see European Economic and Monetary Union
EPI see Electronic Payment Instruction
EPS see earnings per share
EPS see Electronic Publication System
ESS see Electronic Submission SystemETC see exchange traded commodity
ETF see Exchange Traded Fund
ETN see exchange traded note
early buy-in
early warning system
earnings per share (EPS)
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East Asian and Oceanian Stock ExchangesFederation (EAOSEF)
economic value added *
Effective Exchange Rate Index for the Hong KongDollar (EERI)
e-FRRR system
Electronic Application Instruction for New IssueShares
electronic communications network (ECN)
Electronic Data Gathering, Analysis and Retrieval(EDGAR) US
Electronic Disclosure Project
Electronic Initial Public Offering service (EIPO)
Electronic Mailing Stock Information Service(EMSIS)
electronic money settlement fee
Electronic Money Settlement Services
Electronic Payment Instruction (EPI)
Electronic Publication System (EPS)
Electronic Submission System (ESS)
electronic trading
eligible securities
Eligible Supervisor
E-mail and Group Paging Services
emerging market
emissions-related product
Employee Registered Trader
employee share Mainland China employer trustee
encumbrances
end user
End-of-day Trade Data File Transfer Service
enhanced access to AMS
enhanced digital datafeed
enhanced limit order
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Enhanced Special Stock Trading Method
enlarged share capital
Enquire Announcement Information CCASS
Enquire Reported Lost Certificate CCASS
Enquire Unmatched SI Reason CCASS
enterprise bond *
Enterprise Information Database
Entitlement Statement CCASS
entitlement table
entry price
equilibrium price
equity base
equity capital; equity share capital
equity division Mainland China
equity division reform Mainland China
equity interest
Equity Linked DepositEquity Linked Instrument (ELI)
equity linked note (ELN)
equity method accounting
equity option
equity securities
equity warrant
erroneous trade
error trade
estimated average settlement price (EAS price)
estimated capital value
estimated useful life
euro / Euro
Eurobond
Euroclear
Euroclear Bank
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Euro-convertible guaranteed bond
European Association of Securities DealersAutomated Quotations (EASDAQ)
European Bank of Reconstruction and Development (EBRD) ( ie World Bank)
European Economic and Monetary Union (EMU)
European Parliament
European style option
Euroyen Tibor Futures
ex unadjusted close
exceptional item
Exchange Auditoriumexchange control
Exchange Exhibition Hall
Exchange Fund Bill
Exchange Fund Investment Limited (EFIL)
Exchange Fund Note (EFN)
Exchange Listing Rules (Rules Governing theListing of Securities on the Stock Exchange of
Hong Kong Limited)exchange loss
exchange of information
Exchange Participant
Exchange Participant Certificate
exchange quota
exchange surrender system
exchange traded commodity (ETC)
Exchange Traded Fund (ETF)*
exchange traded note (ETN)
exchange traded option
exchange traded product
Exchange Trading Right Certificate
ex-date
ex-dividend basis
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execution facilities
Executive Committee
executive director
Exempt Fund Manager
exempt listing status
Exempt Principal Trader
exempt trader
exercise
exercise day (E day)
exercise period
exercise price *exercise price interval
exercise schedule *
exercise style
exit price
exotic warrant
exotic warrant information Teletext
expedited registration serviceExpert Group to Review the Operation of the
Securities and Futures Market RegulatoryStructure
expiration date
expiry date
expiry month
explanatory memorandum
explanatory statementexponentially-weighted moving average
exposure draft
exposure management
ex-rights
Extended Morning Session
Extended Trading Securities
eXtensible Business Reporting Language (XBRL)
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Extensible Markup Language
external auditor
extraordinary general meeting (EGM)
extraordinary item
extreme move covered fraction
extreme move multiplier
* Terms commonly used in the Mainland
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F
Fannie Mae see Federal National Mortgage Association
FIFO see First in, first out
FOK see Fill-or-Kill
FOMC see Federal Open Market Committee
FRC see Financial Reporting Council, The
FRCD see floating rate certificate of deposit
FRN see floating rate note
FRR see Financial Resources Rules
FRRC see Financial Reporting Review CommitteeFSA see Financial Services Authority UK
FXI China 25 see FTSE / Xinhua China 25 Index
face value
Fact Book
Fact Sheet
fair market valuefalse market
Far East Exchange, The
fast market
fault tolerance
favourable marks
favourable variance; favourable difference
feasibility study
Fed wire / Fedwire / FedWire
Federal funds
Federal funds rate
Federal National Mortgage Association (FannieMae)
Federal Open Market Committee (FOMC)
Federal Reserve System
Federation of Shares Registrars Limited
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fellow subsidiary
Fidelity Fund
fidelity insurance scheme
fiduciary
fiduciary duty
file backup-restore macro
file transfer
file transfer protocol
Fill-or-Kill (FOK)
Final Clearing Statement CCASS final review hearing
Final Settlement Price
Final Settlement Run
finance lease commitment
financial accommodation
financial adviser
financial bond *
financial conglomeratefinancial exposure
financial futures
financial institution
financial instrument
financial integrity
financial intermediary /
financial intermediation
financial lease *
financial market
Financial Market Development Task Force, The
financial regulation
financial reporting
Financial Reporting Council, The (FRC)
Financial Reporting Review Committee (FRRC)
Financial Reporting Review Panel
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financial resources rules (FRR)
financial results
financial risk
Financial Services Act UK
Financial Services Authority (FSA) UK
financial shareholder
Financial Supervisory Commission Taiwan
financial year
financier
financing bill *
FinNetfirm bid and ask quotations
firm commitment underwriting
firm order
firm order
firm position
first in, first out (FIFO)
First Supplement to the Addendum to
Memorandum of Understanding GoverningListing Matters
( )
fixed income ETF
fixed-rate mortgage
floating rate certificate of deposit (FRCD)
floating rate note (FRN)
floor trader
flotation
force majeureforced buy-in
forced liquidation
foreign exchange exposure
foreign share Mainland China
forex option
forex swap
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Form for Reporting Dealings in SecuritiesSuspended due to Insufficient Public Float
forward entitlement
frame relay trading network
free convertibility
free float
Free Text Area Teletext
fringe market
front running
front-end load
front-month
front-office system
FTSE Group
FTSE / Hang Seng Asian Sector Indexes /
FTSE / Hang Seng Asiatop Index /
FTSE / Hang Seng Indexes /
FTSE / Xinhua China 25 Index (FXI China 25) 25
full disclosure
fully diluted earnings per sharefully paid-up capital
fund accounting approach
fund balancing
fund flow
fund manager
fund of hedge funds
fund statement
fund unit holder *
fund utilisation
further issue
Futures Compensation Fund
Futures Compensation Fund Committee SFC
* Terms commonly used in the Mainland
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G
GAAP see Generally Accepted Accounting Principles
GATT see General Agreement on Tariffs and Trade
GCP see General Clearing Participant
GDP see gross domestic product
GDR see global depositary receipt
GEI see Growth Enterprise Index
GEM see Growth Enterprise Market
GNP see gross national product
GTC see good-till-cancelled order GTD see good-till-date order
GTSM see GreTai Securities Market Taiwan
gateway computer
gearing ratio
GEM Investor Guide
GEM Listing CommitteeGEM Listing Rules (Rules Governing the Listing
of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited)
General Advisory and Support Working Team
General Agreement on Tariffs and Trade (GATT)
General Clearing Participant (GCP)
general ledger
general mandategeneral offer
General Rules of CCASS
Generally Accepted Accounting Principles(GAAP)
gilt-edged securities
give-up options
global bond
global depositary receipt (GDR)
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Global Equity Market
Globex
going concern accounting
good for delivery
good-for-day order
good-till-cancelled order (GTC)
good-till-date order (GTD)
goods-in-transit
goodwill
governing law
government bond *grace period
greenshoe underwriting
greenshoe option *
GreTai Securities Market (GTSM) Taiwan
grey market price
gross domestic product (GDP)
gross margining
gross national product (GNP)
Growth Enterprise Index (GEI)
Growth Enterprise Market (GEM)
Guarantee Fund
Guarantee Scheme
guarantee transaction
guaranteed unit trust
guarantor
Guernsey Financial Services Commission
Guidance Note Listing Rules
Guide for Directors of Listed Companies
Guide on disclosure of price-sensitive information
Guide on pre-vetting requirements for announcements
Guidelines for Electronic Public OfferingsSFC
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Guidelines on the Vetting and Regulation of Applications for Listing on the GEM in HongKong by Mainland Enterprises Mainland
China
* Terms commonly used in the Mainland
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H
HDR see Hong Kong Depositary Receipt
HFI see Hang Seng China H-Financials Index
HIBOR see Hong Kong Interbank Offered Rate
HKAB see Hong Kong Association of Banks
HKAOB see Hong Kong Association of Online Brokers,The
HKATS see Hong Kong Futures Automated TradingSystem
HKCC see HKFE Clearing Corporation Limited
HKEx see Hong Kong Exchanges and Clearing Limited
HKFE see Hong Kong Futures Exchange Limited
HKFRS see Hong Kong Financial Reporting Standards
HKICL see Hong Kong Interbank Clearing Limited
HKICPA see Hong Kong Institute of Certified PublicAccountants
HKICS see Hong Kong Institute of Company Secretaries,The
HKIFA see
Hong Kong Investment Funds Association
HKII see Hong Kong Institute of Investors
HKIMR see Hong Kong Institute for Monetary Research
HKMA see Hong Kong Monetary Authority
HKSCC see Hong Kong Securities Clearing CompanyLimited
HKSIR see Hong Kong Standards on Investment Circular Reporting Engagements
HS100 see Hang Seng 100
HSAI see Hang Seng Asia IndexHSCCI see Hang Seng China-Affiliated Corporations
Index
HSCEI see Hang Seng China Enterprises Index
HSCI see Hang Seng Composite Index
HSHKCI see Hang Seng Hong Kong Composite Index
HSHKLI see Hang Seng HK LargeCap Index
HSHKMI see Hang Seng HK MidCap Index
HSHKSI see Hang Seng HK SmallCap Index
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HSI see Hang Seng Index
HSITI see Hang Seng IT Index
HSITP see Hang Seng IT Portfolio Index
HSLRI see Hang Seng London Reference Index
HSMLCI see Hang Seng Mainland Composite Index
HSMLFI see Hang Seng Mainland Freefloat Index
haircut
Handbook on Disciplinary Proceedings
Hang Seng 100 (HS100) 100
Hang Seng Asia Index (HSAI)
Hang Seng China-Affiliated Corporations Index(HSCCI)
Hang Seng China AH Premium Index AH
Hang Seng China AH Price Indexes AH
Hang Seng China Enterprises Index (HSCEI)
Hang Seng China Enterprises Index Futures (H-shares Index Futures)
(H )
Hang Seng China H-Financials Index (HFI) HHang Seng Composite Index (HSCI)
Hang Seng Freefloat 50 50
Hang Seng Freefloat Composite Index (HSFCI)
Hang Seng Freefloat HK 25 25
Hang Seng Freefloat Mainland 25 25
Hang Seng FTSE / Xinhua China 25 Index ETF 25
Hang Seng H-Share Index ETF H
Hang Seng HK Freefloat Index (HSHKFI)
Hang Seng HK LargeCap Index (HSHKLI)
Hang Seng HK MidCap Index (HSHKMI)
Hang Seng HK SmallCap Index (HSHKSI)
Hang Seng Hong Kong Composite Index(HSHKCI)
Hang Seng Index (HSI)
Hang Seng Index ETF
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Hang Seng Index Futures
Hang Seng Index Options
Hang Seng Indexes Company Limited
Hang Seng Industry Classification System
Hang Seng IT Index (HSITI)
Hang Seng IT Portfolio Index (HSITP)
Hang Seng London Reference Index (HSLRI)
Hang Seng Mainland Composite Index (HSMLCI)
Hang Seng Mainland Freefloat Index (HSMLFI)
Hang Seng Total Return Index
hard currencyhawking of securities
heavy trading
hedge fund
hedging *
hedging ratio
Heritage Foundation, The US
HIBOR Futures Strip
hidden-size order
high leveraged investment
historical cost
historical volatility
HKATS Error Trade Review Panel HKATS
HKEx (China) Limited ( )
HKEx Electronic Publication System
HKEx Information Services Limited
HKEx Share Information Board
HKExnews website
HKFE Clearing Corporation Limited (HKCC)
HKSCC Nominees Limited
hold matched SI
holder of Stock Exchange Trading Right
holding company
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Hong Kong Association of Banks (HKAB)
Hong Kong Association of Financial Advisors
Hong Kong Association of Online Brokers, The(HKAOB)
Hong Kong Capital Markets Association
Hong Kong Chamber of Small and MediumBusiness
Hong Kong Chinese Enterprises Association
Hong Kong Codes on Takeovers and Mergers and Share Repurchases
Hong Kong Depositary Receipt (HDR)
Hong Kong Exchanges and Clearing Limited (HKEx)
Hong Kong Exchanges and Clearing Limited Beijing Representative Office
Hong Kong Financial Markets DevelopmentLimited
Hong Kong Financial Reporting Standards(HKFRS)
Hong Kong Futures Automated Trading System(HKATS)
HKATS
Hong Kong Futures Exchange Limited (HKFE)
Hong Kong General Chamber of Commerce, The
Hong Kong Institute for Monetary Research(HKIMR)
Hong Kong Institute of Bankers
Hong Kong Institute of Certified PublicAccountants (HKICPA)
Hong Kong Institute of Chartered Secretaries, The(HKICS)
Hong Kong Institute of Directors, The
Hong Kong Institute of Financial Analysts and Professional Commentators, The
Hong Kong Institute of Investment Analysts
Hong Kong Institute of Investors (HKII)
Hong Kong Interbank Clearing Limited (HKICL)
Hong Kong Interbank Offered Rate (HIBOR)
Hong Kong International Arbitration Centre
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Hong Kong Investment Funds Association(HKIFA)
Hong Kong Management Association
Hong Kong Monetary Authority (HKMA)
Hong Kong Mortgage Corporation Limited, The
Hong Kong Securities and Futures Industry Staff Union
Hong Kong Securities Clearing Company Limited (HKSCC)
Hong Kong Securities Institute
Hong Kong Securities Market Archives and Artifacts Collection Campaign
Hong Kong Securities Professionals AlumniAssociation
Hong Kong Securities Professionals Association
Hong Kong Society of Financial Analysts
Hong Kong Standards on Investment Circular Reporting Engagements (HKSIR)
Hong Kong Stock Exchange, The 19141947
Hong Kong Stockbrokers Association
Hong Kong Stockbrokers Association (1921) 1921
Hong Kong Venture Capital Association
horizontal spread
house account
house position
H-shares Index Futures (Hang Seng ChinaEnterprises Index Futures)
H ( )
H-shares Index Options H
HSI International Limited
hyperlink
* Terms commonly used in the Mainland
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I
IAASB see International Auditing and AssuranceStandards Board, The
IAS see International Accounting Standards
IASB see International Accounting Standards Board
ICA England & Wales see Institute of Chartered Accountants in England and Wales
ICPA see Institute of Certified Public AccountantsUS
IEP see Indicative Equilibrium Price
IEV see Indicative Equilibrium Volume
IFAC see International Federation of Accountants
IFC see International Finance Corporation
IFRS see International Financial Reporting Standards
iIPO see Internet Initial Public Offering service
IMF see International Monetary Fund
IMRO see Investment Management RegulatoryOrganisation
INED see independent non-executive director IOC see Immediate-or-Cancel
IoD see Institute of Directors UK
IOMA see International Options Markets Association
IOSCO see International Organisation of SecuritiesCommissions
IP see Investor Participant
IPMA see International Primary Markets Association
IPO see initial public offering
ISD see Investment Services Directive EuropeanUnion
ISDA see International Swaps and DerivativesAssociation
ISFO see International Stock Futures and Options
ISIN see International Securities Identification Numbers
ISMA see International Securities Markets Association
ISO see International Organisation for Standardisation
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ISSA see International Securities Services Association
IVRS see Interactive Voice Response System
Ian Hay Davison Report ( ie Report of theSecurities Review Committee)
illiquidity
Immediate-or-Cancel (IOC)
immobilisation of share certificate
implied volatility
inactive order
income approach
indebtedness
indebtedness date
indebtedness statement
independent adviser
independent financial adviser
Independent Investigation Board
independent non-executive director (INED)index arbitrage
index basket order
index bond
index call warrant
index depositary receipt / index share
index futures
Index of Economic Freedom
index participation unitindex swap
index warrant
index-linked product
indicated issue price
Indicative Equilibrium Price (IEP)
Indicative Equilibrium Volume (IEV)
indicative price
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indicative terms sheet warrants
individual client
Individual Exchange Participant
Individual Investor Account
individual rating banking
Individual Substantial Shareholders Notification
industry scheme
inflation indexed monetary policy
information dissemination
information memorandum
information pack information service
information vendor
infrastructure project
initial listing fee
initial margin futures
initial public offering (IPO) *
Initial Public Offerings Progress Report
initial subscription price
inner reserve
Innovation and Technology Fund
input VAT
insider dealer
insider dealing
Insider Dealing Tribunal
insolvency
insolvency risk
Institute of Certified Public Accountants (ICPA)US
Institute of Chartered Accountants in England and Wales (ICA England & Wales)
Institute of Directors (IoD) UK
Institute of Financial Planners of Hong Kong, The
Institute of Securities Dealers
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institutional advancement
institutional client
institutional investor
institutional risk
instrument of transfer
intangible asset
integrated trading and clearing system
Interactive Voice Response System (IVRS)
interbank market
interest collar; interest rate collar
interest cover; interest coverageinterest-rate ceiling
interest-rate futures
interest rate subsidy Mainland China
interest-rate swap *
Interest Rate Swap Futures
interfacing
interim report
Inter-Market Coordination Committee
intermediary
intermediate holding company
intermediation
internal audit
internal auditor
internal censure
internal control
International Accounting Standards (IAS)
International Accounting Standards Board (IASB)
International Auditing and Assurance StandardsBoard, The (IAASB)
International Committee on the Listing of NewEnterprises
International Federation of Accountants (IFAC)
International Finance Corporation (IFC)
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International Financial Action Task Force
International Financial Reporting Standards(IFRS)
International Monetary Fund (IMF)
International Options Markets Association(IOMA)
International Organisation for Standardisation(ISO)
International Organisation of SecuritiesCommissions (IOSCO)
International Primary Markets Association (IPMA)
International Securities Identification Numbers(ISIN)
International Securities Markets Association(ISMA)
International Securities Numbering System
International Securities Services Association(ISSA)
International Stock Futures and Options (ISFO)
International Swaps and Derivatives Association(ISDA)
Internet Initial Public Offering (iIPO) service
internet order connection
interpretive guidelines
in-the-money *
in-the-money option
intraday liquidity
intra-day margin
intra-day margin call
intra-day marks collection mechanism
Intra-day Marks Collection Report clearing
intra-day marks payment obligations
intra-day money market
intraday quotation
intraday repurchase agreement banking
intra-group transactions
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intranet
intrinsic value
introducing agent
introducing broker *
introduction listing method
inventory
investee
investment adviser
Investment Advisory Committee
investment analyst
investment gradeInvestment Management Regulatory Organisation
(IMRO)
investment philosophy
Investment Services Directive (ISD) EuropeanUnion
Investment-linked Assurance & Pooled RetirementFunds Committee SFC
Investor Account Service
Investor Compensation Company Limited
Investor Participant (IP)
isolated trades system CCASS
issue price
issuer
issuer electronic filing system
Issuer Information Feed
Issuer Register issuers cash option
* Terms commonly used in the Mainland
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J
JBRI see Japan Bond Research Institute
Japan Bond Research Institute (JBRI)
jobber
jobber stamp duty
jobbing transaction
Joint Individual Investor Account
joint stock company
joint venture
joint venture contract
jumbo certificate CCASS
jumbomize
junk bond
jurisdiction
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K
Kam Ngan Stock Exchange, The kiting
knockout point CBBC
Kowloon Stock Exchange, The
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L
LAF see Liquidity Adjustment Facility HKMA LAN see Local Area Network
LAW see Liquidity Adjustment Window
LBO see leveraged buy-out
LIFFE see London International Financial Futures and Options Exchange
LIFO see last in, first out
LOBO see Long Only Brokers for Options
LOF see listed open-end fund
LSE see London Stock Exchange
LTOM see London Traded Options Market
large cap stock
Large Exposure Report Agreement
large open position
last accounting date
last exercise day
last in, first out (LIFO)
last recorded price; last traded price
late reported sales
late trading
Law Society of Hong Kong, The
lead manager
lead underwriter *leading economic indicator
legal entity
legal person share Mainland China
legal risk
lender of last resort
lending fee
let the buyer beware principle
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Letter of Exchanges regarding regulatory co-operation for mainland companies to be listed onGEM
level playing field cf uneven playing field leverage
leveraged buy-out (LBO)
leveraged foreign exchange introducing agent
leveraged foreign exchange trader
leveraged foreign exchange trading
leveraged market
liabilities
licence
licensed bank
licensing information booklet
Lifeboat Loan
Lifeboat levy
light trading
limit order *
limited liability company
Link Real Estate Investment Trust, The
liquid asset
liquid capital
liquidation
liquidation ie forced sale of securities to meet amargin call
liquidity *
Liquidity Adjustment Facility (LAF) HKMA Liquidity Adjustment Window (LAW)
liquidity margin /
liquidity provider
liquidity ratio
liquidity risk
List of Exchange Participants & Holders of Stock Exchange Trading Rights
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List of Stock Codes
Listed corporation
listed issuer
listed open-end fund (LOF)
listed securities
Listing Agreement
Listing Appeals Committee
Listing Committee
Listing Decisions Panel
Listing (Disciplinary) Committee ( )
Listing (Disciplinary Review) Committee ( )Listing Policy Committee
Listing (Review) Committee ( )
Listing Review Panel
Listing Rules
loan capital
loan facility
loan stock
loan syndicate
Local Area Network (LAN)
Locked-In Return Warrant
locked position
locked up
London International Financial Futures and Options Exchange (LIFFE)
London Stock Exchange (LSE)London Traded Options Market (LTOM)
Long Broker Participant CCASS
long-dated index options
Long Only Brokers for Options (LOBO)
long options contract
long position *
long strangle *
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low-ball offer
* Terms commonly used in the Mainland
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M
MACD see Moving Average Convergence-DivergenceMAP see Market Access Product
Mass ATI see Mass Account Transfer Instruction
MBO see management buy-out
MESDAQ see Malaysian Exchange of Securities Dealingand Automated Quotation Bhd
MORC see Memorandum of Regulatory Cooperation
MOU see memorandum of understanding
MPF see Mandatory Provident Fund
MWS see Multi-workstation System
M1
M2
Maastricht Treaty
main board
Mainland / Hong Kong Closer EconomicPartnership Arrangement
Mainland / Hong Kong Closer EconomicPartnership Arrangement Arrangementsrelating to Qualifications of Securities and Futures Industry Practitioners
maintenance margin futures
major shareholder
major transaction
maker-checker facility CCASS
Malaysian Exchange of Securities Dealing and Automated Quotation Bhd (MESDAQ)
management buy-out (MBO)
management fee
management shareholder
manager
mandatory bid; mandatory offer
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Mandatory Call Event
Mandatory Provident Fund (MPF)
Mandatory Provident Fund Schemes Authority(MPFA)
margin
margin call
margin client
margin coverage ratio
margin cut
margin financing
margin interval
margin offset
margin parameter
margin pooling
margin ratio
margin relief
Margin Securities Trading Account
margin trading
margin valuemargin-after-exercise
margined premium
margining process
Market Access Product (MAP)
mark the close
mark to market / mark-to-market
mark-to-market margin
market capitalisation *
Market Datafeed
market depth
market maker *
Market Maker List
market making
market manipulation
Market Misconduct Tribunal
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market order
market participant
market practitioner
market rental
market risk
market sentiment
market share
market timing
market volatility
market-sensitive information
marks / marks paymentMass Account Transfer Instruction
(Mass ATI)
Mass Quotation Facility
mass quote
master trust scheme
maturity
maximum spread
MDF News Alert MessageMemorandum and Articles of Association
memorandum of association
Memorandum of Regulatory Cooperation (MORC)
memorandum of understanding (MOU)
merchant bank
merger
merger by absorption
mergers and acquisitions
merit-based
mid-cap stock
Mid-day Data File Transfer Service
middle exercise price
middle-priced option
Mini-Hang Seng China Enterprises Index Futures(Mini H-shares Index Futures)
( H)
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Mini-Hang Seng Index Futures
Mini-Hang Seng Index Options
minimum contribution
minimum price fluctuation
minimum quote quantity
minimum response time
minimum transaction size
Ministry of Finance Mainland China
minority controller
minority interest
minority shareholder minus tick
misconduct
misrepresentation
misstatement
mistraded contract
mixed media offer
mock trading
Model Authorisation Letter
Model Code for Securities Transactions byDirectors of Listed Issuers
Model Code for Sponsors
monetary assets
monetary base
Monetary Policy Committee PBC
money broker
money laundering
money market
money settlement fee
money supply
money transfer system
Money World Asia Hong Kong
Money World Asia Pte Limited
moneyness
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monies advanced
Monthly Balance Statement CCASS
Monthly Return on Movement of Listed Securities
Moodys Investment Grade
moratorium
morning session
mortgage-backed securities
mortgate bond
mortgage loan originator
Moving Average Convergence-Divergence(MACD)
multi-currency trading
multi-jurisdictional equity offering
Multi-workstation System (MWS)
multiple applications
multiple-workstations
mutual cross-listing
mutual fund *
* Terms commonly used in the Mainland
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N
NASDAQ see National Association of Securities Dealers
Automated Quotations US NCP see Non-Clearing Participant or Non-Clearing
Options Trading Participantoptions trading
NDF see non-deliverable forward contract
NETS see National Electronic Trading SystemMainland China
New HSMCI see New Hang Seng MidCap 50 Index
NHMPE see non-H-share Mainland private enterprise
NSSF see National Social Security Fund
naked option writing
naked short selling
National Association of Securities DealersAutomated Quotations (NASDAQ) US
National Bureau of Economic Research US
National Bureau of Statistics Mainland China
National Construction Treasury Mainland China
National Council for Social Security Fund Mainland China
National Development and Reform CommissionMainland China
National Electronic Trading System (NETS)Mainland China
National Interbank Funding Centre Mainland China
National Social Security Fund (NSSF)
National Science and Technology Venture CapitalDevelopment Center
near-the-money option
negative statement
negotiable instrument
negotiable market capitalisation
negotiable share
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negotiated commission
negotiated transaction
net admissible assets
net asset value
net asset value per share
net book value
net margining
net open options contract; net options position
net position
net present value
net proceedsnet tangible assets
net tangible assets per share
net underwriting commitment
net worth ratio
netting
netting by novation clearing
Network Gateway
networking
New Hang Seng MidCap 50 Index(New HSMCI)
50
new issue
news dissemination
news file
next day net settlement system
Next Settlement Day Due / Overdue Position
Report CCASS
/
Nikkei Stock Average
nil-paid rights
no-action relief
no-forcing order
No-Over-Loss Rules
Nomad (Nominated Adviser) London Stock Exchange
nominal exchange rate
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nominal price
nominal value
Nominated Adviser (Nomad)
nominee account
Non-Clearing Participant; Non-Clearing OptionsTrading Participant (NCP) options trading
non-collateralised warrant
non-deliverable forward contract (NDF) /*/ *
non-dividend paying European call option
non-dividend paying European put option
non-executive director
non-H-share Mainland private enterprise(NHMPE)
H
non-market-making transaction
non-ranking liabilities
non-registered holder
non-spot month Hang Seng Index futures contract
non-tradable share Mainland China
normal order imbalance
normative statement
notation price
Notice on Regulation of Share Issues and Listingin Overseas Markets State Council
notifiable transaction
novated contract
novation
NYSE Euronext
* Terms commonly used in the Mainland
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O
OAPI see OMnet Application Programming InterfaceORS see Order Routing System
OTC see over-the-counter
odd lot *
off-balance sheet exposure /
off-balance sheet (financial) instrument
off-board tradingoff-floor order
off-floor terminal
off-floor trading
off-market rules
off-market share repurchase
offer
offer by tender
offer for sale
offer for subscription
offer price
offer to the public
offering mechanism
Office of the Commissioner of Insurance
offsetting position
offshore financial centreoffshore fund
offshore profit regrouping
offshore swap
OMnet Application Programming Interface(OAPI)
OMnet
omnibus account
omnibus client account
on-floor order
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on-floor terminal
on-going obligation
on-line interface
on-line investment service
On-line Trading Working Group SFC
on-market rules
Online CCASS Shareholding Disclosure Service CCASS
online trading
online transfer
open allocation session HKATS HKATS
open contractopen gateway
open interest
open market operations
open offer
open order
open outcry = auction *=
open outcry tradingopen position
open short position
open-end fund
opening contract
opening price
opening quotations rules
opening stock
opening transaction
Operating Guide for Investor Participants
operating lease / /
Operation Procedures for Stamp Duty Collection
Operational Clearing Procedures for OptionsTrading Exchange Participants
operational risk
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Operational Trading Procedures for OptionsTrading Exchange Participants
Optical Ethernet
option
option buyer
option class
option contract
option holder
option position
option pricing model
option seller
option series
option valuation
option writer
optional registration service
Options Broker Exchange Participant
Options Clearing Officer
Options Clearing Officer Examination
Options Clearing RulesOptions Clients Agreement
options delivery instruction
options digital datafeed
Options Exchange Participant
Options Information Service
options tariff
options trade confirmation
Options Trading Exchange Participant
Options Trading Officer
Options Trading Officer and RepresentativeExaminations
Options Trading Representative
Options Trading Rules
order
order at discretion
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order book
Order Consideration Limit
order-driven
order entry
order form
order input period
order instruction
order matching
order matching period
order routing
Order Routing System (ORS)order throughput rate
ordinary share
OTC Bulletin Board US
out-of-the-money *
out-of-the-money option
outliers
output VAT
outstanding contingent liabilities
outstanding loan
outstanding order
outstanding stock / /
over-allotment option*
over-allotment option scheme
over-the-counter (OTC)
over-the-counter derivative
over-the-counter market
over-the-counter option
overall position
overbooked
overbought
overnight liquidity banking
Overnight Report Distribution CCASS
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overnight trade
overseas issuer
overseas listed foreign share Mainland China
oversold
oversubscribed
overtrading
* Terms commonly used in the Mainland
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P
Paif see ABF Pan Asia Bond Index Fund PASLA see Pan Asian Securities Lending Association
PBC see Peoples Bank of China
PCS see Provisional Clearing Statement
P/E see price / earnings ratio
PECC see Pacific Economic Cooperation Council
PIN see personal identification number
PIOB see Public Interest Oversight Board
PKI see Public Key Infrastructure
PMNC see Panel Member Nomination Committee
PNS see Proprietary Network System
POSIT see Portfolio System for Institutional TradersAustralia
PPP see purchasing power parity
PriME see Portfolio Risk Margining System of HKEx
PSE see Pacific Stock Exchange
PSS see Participant Supplied System
PvP see payment vs payment banking
P chip
PABX Telephone System
Pacific Economic Cooperation Council (PECC)
Pacific Stock Exchange (PSE)
Pacific-Basin Capital Markets Research Center
paid-up capital; paid-in capital
painting the tape
Pan Asian Securities Lending Association(PASLA)
Panel Member Nomination Committee (PMNC)
paper gold
paper intensive settlement
paperless trading
paper-to-paper arrangement
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par value
parallel trading
parent company
parity options
parity value
partially filled order
Participant Access Services futures
Participant Email System
Participant Financial Resources SurveillanceSystem
Participant gateway
Participant Shareholding Report
Participant Supplied System (PSS)
Particular Transfer Mainland China
partly-paid share
payment vs payment (PvP) banking
payoff
payoff diagram
payoff period Payout-Protection Rule options
pegged exchange rate
pegged rate system
penny stock
pension fund *
People's Bank of China (PBC)
per capita gross domestic product
per capita gross national product
period of solicitation
perpetual bond
personal account dealing guidelines
personal identification number (PIN)
phishing
physical delivery
physical inventory
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physical market
physical price
physical scrip
Pilot Program for Direct Foreign PortfolioInvestments by Domestic Individuals
Pink Sheets US
pit
pit trading
placee
placing
placing agent
placing and top-up
placing guidelines
placing order
plain vanilla bond
plain vanilla warrant
pledge
plus tick
Policy Paper on Securities and Futures MarketReform, A
port connection fee
portfolio
Portfolio Analyser options
portfolio manager
Portfolio Risk Margining System of HKEx(PRiME)
Portfolio System for Institutional Traders (POSIT)Australia
position
position adjustment
position limit
position limit ratio
position ratio
position risk adjustment
position squaring
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position trader commodity market
post-listing acquisition
post-trade transaction
power of attorney
power of sanction
Practice Note Listing Rules
PRC issuer
predator takeover
Predefined Futures Calendar Spreads
pre-emptive right
preference / preferred share preferred ordinary share
Pre-market Opening Mechanism futures
pre-market opening session
pre-open allocation session HKATS HKATS
premium
premium futures
premium options *
premium turnover
pre-order matching period
Preparatory Board
prescribed percentage
previous closing price
price cheating
price discovery
price manipulation
price ramping
Price Reporting System futures
price spread
price / earnings ratio (P/E)
price-sensitive information
price-to-book ratio *
pricing model
primary listing
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proprietary trading
proprietary trading system
prospectus*
Protection of Investors Ordinance
Provident Fund Scheme
provision
provision accounting
provision for bad and doubtful debts
Provisional Clearing Statement (PCS)
provisional letter of allotment
provisional liquidator
proxy form
prudence
public address system
public censure
Public Debt (Inflation-Linked Subsidy) TreasuryMainland China
public float public float capitalisation
public interest
Public Interest Director
Public Interest Oversight Board (PIOB)
Public Key Infrastructure (PKI)
public share Mainland China
Public Shareholders Group SFC
Public Viewing Room
purchasing power parity (PPP)
put option *
put warrant
put writer
* Terms commonly used in the Mainland
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Q
QDII see Qualified Domestic Institutional Investor QFII see Qualified Foreign Institutional Investor
qualification share
Qualified Domestic Institutional Investor (QDII)
Qualified Foreign Institutional Investor (QFII)
qualified opinion
Quick Reference Guide AMS quiet trading
quotation broker *
quotation order *
quotation rules
quote
quote maintenance report
quote request
quote-driven
* Terms commonly used in the Mainland
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R
Range ELI see Range Equity Linked InstrumentRDDS see Realtime Digital Data Service
REIT see real estate investment trust
repo see repurchase agreement
RFQ see request for quote
RIQ see Recognised Industry Qualifications
RSI see Relative Strength Indicator
RTGS see Real Time Gross Settlement SystemHKMA
raider takeover
rally
ramping
random assignment
Range Equity Linked Instrument (Range ELI)
ranking liabilities
rat trading
rate of return
real estate investment trust (REIT)
real exchange rate
real time calculation
Real Time Gross Settlement system (RTGS)HKMA
real time informationrealisation
Realtime Digital Data Service (RDDS)
realtime digital datafeed
rebate
recapitalisation
receiving agent
receiving bank
Recognised Industry Qualifications (RIQ)
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reconciliation
recoverable VAT
red chip
redeemable share
redemption * *
rediscount
regional index call warrant
register of members
registered certificate
registered dealer
registered financier registered firm
registered intermediary
registered owner
registered securities
registered shareholder
Registered Trader
Registered Treasury Mainland China
registrar
Registrar of Companies
registration and transfer fee
regulated short selling
regulation
regulatory arbitrage
regulatory body
regulatory regime
rejected sales
Rejection Letter
related company
related party transaction
related person
relationship of put-call parity
relative return
Relative Strength Indicator (RSI)
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rematerialisation
Remote Access Client
Remote Exchange Participant
remote trading access
remuneration package
reorganisation
replacement cost
re-pledging
Report on Financial Market Review
reporting accountant
reporting period reprimand
repurchase
repurchase agreement (repo)
request for proposal
request for quote (RFQ) options
required rate of return
reserve
reserve fund
response time
responsibility letter
responsibility statement
restatement of accounts
restricted licence bank
restriction notice
results announcement
resumption of trading
retail broker
retail information service
retail investor
retained capital
retained earnings; retained income
retained profits
retention interest
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return on equity
revaluation
reversal contract options
reverse convertibles
reverse takeover
revised short selling scheme
rights issue *
risk array algorithm
risk array margining system
risk array method
risk controlrisk disclosure
Risk Disclosure Statement GEM
risk evaluation
risk identification
risk management
Risk Management Committee
risk parameter
risk tolerance
risk-free interest rate
roadshow
Rolling Forex
roll-over
round lot
round trip option transaction
round-lot-plus order
router system
Rules Governing the Listing of Securities on theGrowth Enterprise Market of the Stock Exchange of Hong Kong Limited (GEM ListingRules)
Rules Governing the Listing of Securities on theStock Exchange of Hong Kong Limited (MainBoard Listing Rules)
Rules of the Exchange
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runner
rural credit cooperative Mainland China
* Terms commonly used in the Mainland
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S
SAAC see Securities Analysts Association of China
SAC see Securities Association of China, The
SAFE see State Administration of Foreign ExchangeMainland China
SASAC see State-owned Assets Supervision and Administration Commission
SBLA see securities borrowing and lending agreement
SCCLR see Standing Committee on Company LawReform
SCEFI see Steering Committee on the Enhancement of Financial Infrastructure, The
SCORE see Stock Options Reference Educator
SCP see Self Clearing Participant
SEAQ see Stock Exchange Automated QuotationsSystem UK
SEAQI see Stock Exchange Automated QuotationsSystem for International Equities UK
SEATS see Stock Exchange Alternative Trading ServiceUK
SEC see Securities and Exchange Commission US
SEHK see Stock Exchange of Hong Kong Limited, The
SEIS see Stock Exchange Information ServicesLimited
SEOCH see SEHK Options Clearing House Limited, The
SESDAQ see Stock Exchange of Singapore Dealing and Automated Quotation System
SFAT see Securities and Futures Appeals Tribunal
SFC see Securities and Futures Commission, The
SGX see Singapore Exchange
SI see settlement instruction
SIMart see Simulated Investment Market
SIB see Securities and Investment Board UK
SMARTS see Securities Markets Automated ResearchTraining & Surveillance
SME Board see Small and Medium Enterprise Board
Shenzhen Stock Exchange
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SMFP see share margin finance provider
SOES see Small Order Entry System / Small Order Execution System US
SPAN see Standard Portfolio Analysis of Risk SPDR see Standard & Poors Depositary Receipt
SRN see Shareholder Reference Number
SSAP see Statement of Standard Accounting Practice
STAQS see Securities Trading Automated QuotationSystem Mainland China
SWIFT see Society for Worldwide Interbank FinancialTelecommunications
S&P / HKEx Composite /
S&P / HKEx GEM /
S&P / HKEx LargeCap /
S&P / HKEx MidCap 25 / 25
S&P / HKEx SmallCap 50 / 50
safe harbour
sales representative
sales revenue
salvage value
same day exercise
samurai bond
scalable
scalping
scheme of arrangement
screen *scrip dividend
scrip entitlement
scrip fee
scrip issue
scripless trading
SDNet
seasoned securities
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second board *
second liner; second line stock
second market
secondary listing
secondary market
secured debts
Securities (Disclosure of Interests) NotificationHistory Reports
Securities (Disclosure of Interests) NotificationSummaries publication
Securities Analysts Association of China (SAAC)
Securities and Exchange Act Taiwan
Securities and Exchange Commission (SEC)US
Securities and Futures Appeals Panel
Securities and Futures Appeals Tribunal (SFAT)
Securities and Futures Bureau Taiwan
Securities and Futures Commission, The (SFC)
Securities and Futures Market Development
Working GroupSecurities and Futures (Stock Market Listing)
Rules( )
Securities and Investment Board (SIB) UK
Securities Association of China, The (SAC)
securities borrowing and lending agreement(SBLA)
securities collateral
Securities Compensation Fund CommitteeSFC
securities investment fund
securities lender
securities margin financier
Securities Markets Automated Research Training& Surveillance (SMARTS)
Securities Offering Issues sub-group
Securities Trading Automated Quotation System
(STAQS) Mainland China
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Securities Training Programme
securities-on-hold mechanism
securitisation
securitisation ratio *
security *
security arrangement
security interest
see-through price
segregated trust account
segregation of securities
SEHK Enquiry HotlineSEHK Options Clearing House Limited, The
(SEOCH)
selective marketing basis
Self Clearing Participant (SCP)
self-clearing
self-regulatory organisation; self-regulatingorganisation
sell order
sensitivity analysis
SEOCH collateral
SEOCH Participant
separate listing
Serial Month Hibor Futures
series margin value
Sesops (Singapore Exchange Securities Order
Processing System)set off
Settled Position Report CCASS
settlement *
settlement backlog
settlement bank
settlement cap
settlement date
settlement instruction (SI)
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Settlement Instruction Batch Upload CCASS
settlement instruction transaction
settlement period
Settlement Report CCASS
settlement risk
SFC (HKEC Listing) Appeals Committee
SFC (HKEC Listing) Committee
SFC (HKEC Listing) Executive
SFC Alert
SFC Dual Filing Advisory Group
SFC Enforcement Reporter shadow director
Shanghai Composite Index
Shanghai Municipal Futures Industry Association
Shanghai Petroleum Exchange
Shanghai Securities Central Clearing and Registration Corporation
Shanghai-Shenzhen 300 Index 300
Shanghai Stock ExchangeShanghai United Assets and Equity Exchange
Share Allotment Report
share capital
share entitlements
share exchange
share incentive mechanism
share margin finance provider (SMFP)
share margin financing
share option
share register
share registrar
share repurchase
share scheme
shareholder loan
Shareholders Group SFC
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shareholding
shareware
shelf registration facility *
Shenzhen Securities Clearing Company Limited
Shenzhen Securities Registration CompanyLimited
Shenzhen Stock Exchange
Short Broker Participant CCASS
short call
short interest
short option
short options contract
short position *
short put
short seller
short selling / short sale
Short Selling Pilot Scheme
short squeeze
short term borrowingsshort-dated securities
short-term money
SI Activity Report CCASS
SI Batch File Service
SI Status Report CCASS
SI transaction
significant shareholder GEM
Simulated Investment Market (SIMart)
simulation system
Singapore Exchange (SGX)
single price auction system
single share derivative warrant
sinking fund
Sino-foreign equity joint venture
slow trading
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Small and Medium Enterprise Board (SME Board)Shenzhen Stock Exchange
small cap stock
Small Order Entry System / Small Order Execution System (SOES) US
Small Order First-In-First-Out
snapshot
Society for Worldwide Interbank FinancialTelecommunications (SWIFT)
soft commission
soft currency
soft landingsoft-dollar benefits
sole proprietor
source code
sovereign debt
sovereign risk
soybean futures
Special Levy
special limit order
Special Treasury Mainland China
Special Treatment Mainland China
specialised bank *
Specialist System US
speed bump
spin-off
split
Split Register
sponsor
Sponsor's Declaration
sponsoring broker
spot market
spot month
spot price
spread *
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spread /
spread margin
spread of holders
spread of sector
spread option
spread order
spread rate
spread table
spread trading
spread warrant
squeezeSSE Corporate Governance Sector
stagflation
staggering maturities
stakeholder **
stamp duty
Standard & Poor's Depositary Receipt (SPDR) 500Standard & Poor's Rating
standard accounting practice
Standard Combination Order Book
standard contract
standard deviation
standard deviation of daily return