Environmental, social, and governance refers to the three central factors in measuring the sustainability and societal impact of an investment in a company or business. These criteria help to better determine the future financial performance of companies (return and risk).
Equities is another name for shares in a company.
An equity swap is a financial derivative contract (a swap) where a set of future cash flows are agreed to be exchanged between two counterparties at set dates in the future.
A term meaning that the securities or collateral returned must be of an identical type, nominal value, description and amount to those originally provided. If, during the term of the loan, there is a corporate action in relation to loaned securities, the lender is normally entitled to specify at the time the form in which he wishes to receive equivalent securities or collateral on termination of the loan. The legal agreement will also specify the form in which equivalent securities or collateral are to be returned in the case of other corporate events.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal US tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions associated with employee benefit plans.
The use of a third party, which holds an asset or funds before they are transferred from one party to another.
The European Securities and Markets Authority is a European Union financial regulatory agency and European Supervisory Authority, located in Paris. ESMA replaced the Committee of European Securities Regulators on 1 January 2011.
The European Banking Authority is a regulatory body that strives to maintain financial stability throughout the European Union’s banking industry.
The European Central Bank is the central bank responsible for monetary policy of those European Union member countries which have adopted the euro currency.
Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements.
The European Market Infrastructure Regulation is a body of European legislation for the regulation of over-the-counter derivatives.
An evergreen trade automatically renews after the expiry date. The parties involved in the trade agree that it rolls over automatically until one gives the notice to terminate it.
A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold.