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.
POPULAR TERMS
Floating Production Storage and Offloading
An acronym for Floating Production Storage and Offloading. FPSO is a floating vessel located near an oil platform, where oil is processed and store ...
Outside Broker
It may refer to a salesperson of a real estate who works for a competing real estate company. It may also refer to a securities broker who primaril ...
Plottage
A term in real estate that refers to the process of combining adjacent parcels to form one larger parcel. The value of the whole parcel will normal ...
Pairing Off
Pairing Off is an illegal activity done by a brokerage firm offsetting short and long position between house accounts through collecting cash payme ...
Mortgage Index
Benchmark interest rate on adjustable rate mortgages. Known as the entire indexed interest rate, it is composed of an index value plus margin. The ...
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The Concepts of Economics: Scarcity
To fully grasp the essence of what economics is, we must first understand the concept of scarcity along with the branches of study under economics ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | Prelim Machine Tool Orders | Mar | |
| 10:00 | New Yuan Loans | Mar | |
| 11:00 | Retail Sales | Feb | |
| 13:00 | MPC Member Andy Haldane Speaks | ||
| 15:00 | MPC Member Silvana Tenreyro Speaks | ||
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Interest Rate Decision | 1 quarter | |
| 19:00 | FOMC Member Eric Rosengren Speaks | ||
| 19:01 | 10-y Bond Auction | Apr |
