Page 7 - PRIAA Glossary
P. 7
AMORTISING SWAP
An interest rate swap with a decreasing notional amount as set in a predefined schedule.
ANCILLARY SERVICES
Services that are indirectly related to the physical movement of a commodity, such as inspection fees, port agent fees, spinning reserve in the power market, etc.
ANNAPURNA
A mountain range option in which the longer the underlying assets in the basket float above the pre-determined barrier, the higher the coupon payout received by the buyer. If any
of the assets drop below the pre-determined barrier, the option’s life ends.
ANNUALISED RETURNS
A geometric measure of yearly returns. A limited measure, as it does not provide any indication of the level of volatility the portfolio may have experienced through the calendar year, and no information as to the path taken day- over-day or month-over-month towards attaining the final annual performance.
ANTI-MONEY LAUNDERING (AML)
A set of guidelines to detect the conversion of illegal sources of money to ethical sources.
API #2
A pricing Index for steam coal reflecting physical trades for delivery to the Amsterdam-Rotterdam-Antwerp region.
A common reference index for OTC and exchange-traded forward contracts, futures, options and swaps.
API #4
A pricing Index for physical steam coal traded Free-On-Board (FOB) Richards Bay. A common index for OTC and exchange- traded forward contracts, futures, options and swaps.
5
A
