Page 70 - PRIAA Glossary

FINAL PRICE
The price used to cash settle credit derivative transactions after a credit event. The final price is determined in a credit event auction or through a bilateral cash settlement valuation methodology.
FINANCIAL ACTION TASK FORCE
An inter-governmental body created with the purpose of promoting and developing policies to end money laundering and terrorist financing.
FINANCIAL CONDUCT AUTHORITY (FCA)
Regulator for the financial services industry in the UK. Rule-maker with investigation and enforcement powers to protect, promote and regulate a healthy and stable competition between financial services providers and consumers’ interests.
FINANCIAL COUNTERPARTY (FC)
An investment firm, credit institution, insurance/reinsurance undertaking, Undertakings for Collective Investments
in Transferable Securities (UCITS), pension scheme and alternative investment fund managed by an alternative investment manager, in each case where authorised or registered in accordance with the relevant EU directive.
FINANCIAL INFORMATION EXCHANGE (FIX)
An electronic communications protocol in financial services for the international real-time exchange of information related to securities transactions and markets.
FINANCIAL MARKETS INFRASTRUCTURE
A multilateral system among participating institutions, including the operator/regulator of the system, used for the purposes of execution, clearing, settling or recording payments, securities, derivatives or other financial transactions.
FINANCIAL PRODUCTS MARK-UP LANGUAGE (FpML)
A standardised, freely licensed language based on Extensible Markup Language (XML) which is used for business-to-
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