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Old 08-06-2011, 04:38 AM   #406
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short-term money market (G1)<br />A market in financial securities with a life of several months at most based in a major financial centre. Since 1970, many new markets of this kind have been established in the City of London, New York and European financial capitals. The items traded include CERTIFICATES OF DEPOSIT, TREASURY BILLS, COMMERCIAL BILLS, local authority bills, discount house deposits, local authority deposits, Ecus and SPECIAL DRAWING RIGHTS.<br /><em>See also:</em> discount market

<strong>Common Record: CommonLine (CR:C)</strong> – The FFEL Program industry' s newest electronic communication standards by which loan and borrower information is electronically gathered, stored, and transmitted via an XML format. CR:C file specifications are agreed to by the industry' s Electronic Standards Committee (ESC) and may be retrieved from the NCHELP website at www.nchelp.org.
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Automated Real-time Investment Exchange (G1)<br />A computerized arrangement for dealing in shares set up by MERCHANT BANKS in the City of London in 1974 to bypass the INTERNATIONAL STOCK EXCHANGE and thus save brokers' commission. It never attracted a high proportion of the London trading volume.

discounting (DO, M4)<br />A method used to value at the same date economic flows or stocks which have originated at different dates. A typical use of discounting is to convert the expected future incomes from an asset to present values using a DISCOUNT RATE.<br /><em>See also:</em> discounted cash flow
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