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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HIIC
An organization of prominent investors from around the world that gives advices to the Nigerian government on matters regarding the economic develo ...
Bearish Belt Hold
During an ascending trend there is a candlestick pattern that is being formed called bearish belt hold. This is what appears in the pattern: coming ...
Currency Translation
Act of quoting the amount of money denominated in one currency into the value of another currency in the balance sheet. Done using current exchange ...
Asset Value Per Share
The whole value of an investment fund divided by its number of shares outstanding. This kind of asset value per share, most often, is regarded as & ...
Managed Currency
A currency whose exchange rate is affected by the intervention of a central bank. It is unlike a currency that is determined by the free-market for ...
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