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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "S"

Displaying next 760 results of 891
SVC
Definition: The ISO 4217 currency code for the El Salvador Colon.
Swap
Definition: An arrangement in which two entities lend to each other on different terms, e.g., in different currencies, and/or at different interest rates, fixed or floating.
Swap Arrangements
Definition: Short-term reciprocal lines of credit between the Federal Reserve and 14 foreign centeral banks as well as the Bank for International Settlements. Through a swap transactions, the Federal Reserve can, in effect, borrow foreign currency in order to purchase dollars in the foreign exchange market. In doing so, the demand for dollars and the dollar's foreign exchange value are increased. Similarly, the Federal Reserve can temporarily provide dollars to foreign central banks through swap arrangments.
Swap Book
Definition: A swap bank's portfolio of swaps, usually arranged by currency and maturity.
Swap Buy Back
Definition: The sale of an interest rate swap by one counterparty to the other, effectively ending the swap.
Swap Rate
Definition: The difference between spot and forward rates expressed in points, e.g., $0.0001 per pound sterling.
Swap Reversal
Definition: An interest rate swap designed to end a counterparty's role in another interest rate swap, accomplished by counterbalancing the original swap in maturity, reference rate, and notional amount.
Swap Sale
Definition: Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate swap by substituting a new counterparty whose credit is acceptable to the other original counterparty.
Swaption
Definition: Options on interest rate swaps. The buyer of a swaption has the right to enter into an interest rate swap agreement by some specified date in the future. The swaption agreement will specify whether the buyer of the swaption will be a fixed-rate receiver or a fixed-rate payer. The writer of the swaption becomes the counterparty to the swap if the buyer exercises.
Sweat Equity
Definition: An increase in equity created by the labor of the owner.
Sweep
Definition: The act of using all available cash flow for the repayment of debt service.
Sweep Account
Definition: Account providing that a bank invest all the excess available funds at the close of each business day for the firm.
Sweetener
Definition: A feature of a security that makes it more attractive to potential purchasers.
Swing Trading
Definition: Refers to a type of short term (one day to a couple of weeks) trading, triggered by technical analysis, for example, momentum. Swing trading is distinguished by the notion thatthe trades are executed while the assets is moving in upward or downward momentummomentum.
Swingline Facility
Definition: Bank borrowing facility to provide finance while the firm replaces US commercial paper with eurocommercial paper.
Swiss Electronic Bourse (EBS)
Definition: Computer linking system between the former stock exchange trading floors in Zurich, Geneva, and Basel, Switzerland so that trades can be carried out among traders on all three of the trading floors.
Swiss Exchange
Definition: The major securities market of Switzerland.
Swiss Options And Financial Futures Exchange (SOFFEX)
Definition: The Swiss derivatives market with the first fully electronic trading system in the world, now called Eurex Zurich AG.
Swissy
Definition: Slang for the Swiss franc.
Switch
Definition: Offsetting a position in one delivery month of a commodity and simultaneous initiation of a similar position in another delivery month of the same commodity, a tactic referred to as "rolling forward."
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