INTERPRETIVE LETTER
A letter issued by banking regulators that interprets the banking law for a given issue or party, which becomes effective immediately upon issuance. The letters are the same with the IRS letter rulings that clarifies tax law application. Although these letters don’t have the force of law, technically speaking, banks keenly pay attention to interpretive letter for many reasons.
POPULAR TERMS
Box-Jenkins Model
Mathematical analysis designed to predict data within a given time series. The model identifies, fits, checks, and uses Autoregressive Integrated M ...
Bull
Investor postulating the a specific security, industry, or market will accelerate; hence, they will acquire securities presuming these can be sold ...
Hedging Transaction
A transaction limiting investment risk through the use of derivatives, such as options and futures contracts. A hedging transaction buys opposite p ...
Boon
It refers to a benefit or improvement for investors. It can include things as increased dividends, a stock market rally and stock buybacks.
Firm
Any business such as a sole proprietorship, partnership, and corporation.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | BOE Deputy Governor for Markets & Banking Sir David Ramsden Speaks | ||
| 01:01 | BRC Shop Price Index | Sep | |
| 06:30 | RBA Interest Rate Decision | Sep | |
| 06:30 | RBA Monetary Policy Statement | ||
| 09:00 | CPI | Sep | |
| 09:00 | KOF Economic Barometer | Sep | |
| 10:30 | Mortgage Approvals | Aug | |
| 10:30 | Net Lending to Individuals | Aug | |
| 10:30 | M4 Money Supply | Aug |
