Data analytics is the science of analysing raw data in order to make conclusions about that information. Many of the techniques and processes of data analytics have been automated into mechanical processes and algorithms that work over raw data for human consumption.
A mechanism in some settlement systems whereby a member may borrow or lend cash overnight against collateral. The system automatically selects and delivers collateral securities, meeting pre-determined criteria to the value of the cash (plus a margin) from the account of the cash borrower to the account of the cash lender and reverses the transaction the following morning.
The simultaneous delivery of securities against the payment of funds within a securities settlement systems.
A depository is an authorised company, which is independent of the fund manager. It safeguards and secures your investment in an OEIC, providing oversight of the fund manager on your behalf. For a unit trust, this role is fulfilled by a trustee.
A financial security with a value that is reliant upon or derived from, an underlying asset or group of assets.
A digital asset is anything that exists in a digital format and comes with the right to use. Data that do not possess that right are not considered assets.
A directive is a legal act of the European Union but each member state is free to decide how to transpose directives into national laws.
Distributed ledger technology refers to the technological infrastructure and protocols that allows simultaneous access, validation, and record updating in an immutable manner across a network spread across multiple entities or locations.
Entitlements arising on the securities that are loaned out, e.g. dividends, interest, and non-cash distributions.
A dividend is the distribution of a portion of a company’s earnings, decided and managed by the company’s board of directors.