HARA-KIRI SWAP
An interest rate or cross-currency swap devoid of any profit margin for the originator. The term gets its name from Japanese banks' and securities houses' 1980s strategy of offerings very low rates in order to obtain business. In Japan, hara-kiri is a form of slow ritual suicide; the swaps were dubbed hara-kiri because they turned out to be a form of financial suicide for the institutions that offered them.
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Implied Repo Rate
Return rate that can be generated by selling a bond futures or forward contract and purchasing an underlying bond of the same amount in the cash ma ...
Open Order
An order to buy or sell a security that stays open until it is either executed, canceled by the customer or until it expires. One of the factors wh ...
Evolutionary Economics
Field of study exploring the processes and resources affecting a firm’s development and transformation. It is a blend of Darwinian principles ...
Financial Modeling
A method of constructing a financial representation of all aspects of a firm or given security. It is typically characterized by performing calcula ...
Minsky Moment
A moment when a market fails or falls into crisis, following a prolonged period of market speculation or unsustainable growth. Anchored on the idea ...
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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02:00 | MI Inflation Gauge | Nov | |
02:30 | ANZ Jobs Advertisements | Nov | |
02:30 | Company Operating Profits | 3 quarter | |
02:30 | Retail Sales | Oct | |
09:00 | Trade Balance | Oct | |
09:30 | CPI | Nov | |
10:00 | Unemployment Change | Nov | |
11:30 | Sentix Investor Confidence | Dec | |
17:00 | Factory Orders | Oct |