Page 79 - PRIAA Glossary

GASOIL
A widely traded oil product used primarily for heating
or as a refinery feedstock. It is the underlying in a key International Petroleum Exchange futures contract. In its broader definition, it covers the oil products used for diesel automotive fuel and jet fuel.
GC POOLING
A marketplace at EUREX Repo for secured money market transactions. Collateral is grouped in different baskets allowing market participants to trade on their desired collateral level.
GEOMETRIC MEAN
A more nuanced version of the arithmetic mean, the geometric mean takes into account the effects of compounding, and is therefore useful when determining the average return on assets in a portfolio. The geometric mean is calculated by multiplying n returns raised to the power of 1/n.
GLOBAL FINANCIAL MARKETS ASSOCIATION
An association established to unite the interests of financial institutions across the globe due to the increasing global focus of regulations. See also “AFME (European partner)”, “ASIFMA (Asian partner)” and “SIFMA (US partner)”.
GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
A voluntary set of standards aimed at full disclosure and fair representation of investment performance results, against which investment managers can be evaluated by investors. The GIPS were created and administered by the CFA Institute.
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