Found:  17 Items

Data mining

Sorting through data to identify patterns and establish relationships

Deal capture

Technology used by the dealer to enter deal information.

Dealer

A firm or an individual who acts as a principal in a trade. A dealer buys and sells securities for their own account. A dealer’s compensation results from the difference or spread between the ask and bid quotations.

Dealing Day

The day on which the investment fund is available for subscription or redemption; depending on the type of fund, this may typically be daily, weekly or monthly.

Debenture Stock

A type of loan capital with a fixed annual rate of interest and repayment value. Debenture stockholders take precedence over ordinary and preference shareholders in the event of an investment trust being wound up.

Debt Instrument

A promise in writing to repay a debt. For example, a bond, bill or a note.

Debt Security

Securities, such as Treasury Bills and Commercial Paper, that represent money borrowed by the issuer. This money must be repaid by the maturity date at a specified interest rate unless it was an original issue discount purchase.

Default

The faiurel to repay the principal or make timely payments on a bond or other debt investment security issued. Also, a default is a breach of or failure to fulfill the terms of a note or contract

Deferred Shares

These are a form of ordinary share which receives no dividend either for an initial specified period or until the ordinary share dividend reaches a certain level. Diluted net asset value A method of calculating the net asset value of a company that has issued and has outstanding convertible loan stocks, warrants or options. The calculation assumes that the holders have exercised their right to convert or subscribe, thus increasing the number of shares among which the assets are divided.

Derivative

A financial security (such as option or future) whose characteristics and value are derived from the characteristics and the value of another asset

Diluted Net Asset Value

A method of calculating the net asset value of a company that has issued and has outstanding convertible loan stocks, warrants or options. The calculation assumes that the holders have exercised their right to convert or subscribe, thereby increasing the number of shares among which the assets are divided.

Director's Valuation

Assets shown on the balance sheets at directors' valuation are unquoted companies where no market value can be quoted. The trust's directors value such a company as best they can depending on its current health and prospects.

Discretionary

With a Discretionary service, responsibility for investment decisions lies with the Portfolio manager, who will adhere to the parameters previously set.

Diversification

The process of optimizing an investment portfolio by allocating funds to a number of different assets. Diversification minimizes risks while maximizing returns by spreading out risk across a number of investments.

Dividend

The distribution (usually quarterly) of a company's earnings to its shareholders. The amount of the distribution is determined by the board of directors and is prorated according to the class of security. While holders of preferred shares usually receive a fixed dividend, the amount distributed to holders of common shares will depend on the company's current financial situation. Dividends must be reported as income in the year they are received.

Dow Jones Industrial Index

An index covering 30 American industrial and commercial companies. This is the American index most commonly used in financial comment by the media.

Dual Capital Trust

A trust where the share capital is split between the capital shares, which attract all or most of the capital growth, and income shares, which receive all the income. The idea is to offer shares which are tax-efficient for different types of investor. Dual capital trusts are also known as split capital or dual purpose trusts.