AGED FAIL
A contract involving two broker-dealers which had not been settled within the 30 days settlement period. Aged Fails usually occur once a security is undelivered because of the failure in the selling client's part to deliver the security to his/her broker; the broker cannot deliver the security to the buying broker. This commonly results to necessary book adjustments of the receiving firm, to account for assets that has not been received.
POPULAR TERMS
Fair Trade Investing
A strategy where investors choose only those companies that promote fair trade with suppliers in developing nations.
Barter
The act of trading services and goods between more than one parties without using any money. Bartering benefits countries and companies which views ...
Rafael Miranda Robredo
Rafael Miranda Robredo was born in Spain in 1949. He became Endesa’s CEO, a Spanish electricity company, in 1997. Before working for Endesa, ...
Oil ETF
Oil ETFs have a great demand from investors as oil is a universal commodity in the modern international economy. Almost every end product used by c ...
Equity Linked Note - ELN
Debt instrument whose return is identified by the performance of an individual equity security, basket of stocks, or an equity index.
POPULAR ARTICLE
SEE FOREX TUTORIAL
Buying a Home: Writing an Offer
You’re down to the last four steps to buying your dream house. Now, you need to write an offer and the seller has to accept it. Take into acc ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:00 | Expected Annual Inflation 2y from now | 3 quarter | |
| 07:00 | Economy Watchers Survey | Jul | |
| 07:45 | Unemployment Rate | Jul | |
| 10:30 | Sentix Investor Confidence | Aug | |
| 01:01 | BRC Retail Sales Monitor | Jul | |
| 01:50 | M2 Money Supply + CD | Jul | |
| 02:30 | Westpac Consumer Sentiment | Aug | |
| 03:30 | NAB Business Confidence | Jul | |
| 05:35 | 30-Year JGB Auction | Aug |
