glossary of securities and financial terms(traditional chinese)

7/22/2019 Glossary of Securities and Financial Terms(Traditional Chinese)

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A Glossary of Securitiesand Financial Terms

English to Traditional Chinese


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1

A

AAAC see Academic and Accreditation Advisory

CommitteeSFC

ABS see asset-backed securities

ACCA see Association of Chartered Certified

Accountants, The

ACG see Asia-Pacific Central Securities Depository

Group

ACIHK see ACI-The Financial Markets of Hong Kong

ADB see Asian Development Bank

ADR see American depositary receipt

AFTA see ASEAN Free Trade Area

AGM see annual general meeting

AIB see Audit Investigation Board

AIM see Alternative Investment MarketUK

AIMR see Association for Investment Managementand Research

AMCHAM see American Chamber of Commerce

AMEX see American Stock ExchangeAMS see Automatic Order Matching and Execution

System

AMS/2 see Automatic Order Matching and Execution

System / Second Generation

AMS/3 see Automatic Order Matching and ExecutionSystem / Third Generation

ANNA see Association of National Numbering

Agencies

AOI see All Ordinaries Index

AOSEF see Asian and Oceanian Stock ExchangesFederation

APEC see Asia Pacific Economic Cooperation

API see Application Programming Interface

APRC see Asia Pacific Regional Committee of

IOSCO

ARM see adjustable rate mortgage

ASAC see Asian Securities' Analysts Council

ASC see Accounting Society of China


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ASEAN see Association of South-East Asian Nations

ASIC see Australian Securities and Investments

Commission

AST system see automated screen trading system

ASX see Australian Stock Exchange

ATI see Account Transfer Instruction

ABF Hong Kong Bond Index Fund ABF

ABF Pan Asia Bond Index Fund (Paif)

abnormal item

about order above par

above the line

Academic Advisory CommitteeSFC

Academic and Accreditation Advisory Committee

(AAAC) SFC

accelerated depreciation

accept order

acceptance

acceptance house

accommodation bill

accommodation charge

Account Transfer Instruction (ATI)

accountability

accountants' report

accounting equation

accounting period

accounting practice

Accounting Society of China (ASC)

accounting standard

accounting treatment

accounts payable

accounts receivable

accretion


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accrual basisaccounting *

accrued expenses

accrued interest

accrued revenue

accumulated depreciation

accumulated interest

accumulated profits

accumulator

ACI-The Financial Markets of Hong Kong

(ACIHK)

acid-test ratio

acquisition

acquisition of shells

acting in concert

active business pursuitsGEM

active market

actual market

actual price

actual useful life ad valorem stamp duty

add-on

additional margin

Adjudication Division

Adjudicator

adjustable rate mortgage (ARM)

adjusted basis

adjusted net assets

adjusted net tangible assets

adjustment

administering bank

admissible securities value

admitted value

advance

advance booking form


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Advisory CommitteeSFC

Advisory Specialist Group

affiliate; affiliated company

after market / aftermarket

after-hours dealing

after-tax profits

after-tax real rate of return

afternoon session

agency account

Agency Share Transfer SystemMainland

China

agency trade

agent

aggregate auction

aggregate market value

aging analysis of accounts

alert message

Alert Messge Service

algorithmic trading

All Ordinaries Index (AOI)

all-or-none order

allotment

allottee

allowanceaccounting

Allowance for bad and doubtful debts

alpha coefficient alpha

Alternate

alternative investment

Alternative Investment Market (AIM)UK

amalgamation

Amended and Restated Addendum toMemorandum of Understanding Governing

Listing Matters

()

American Chamber of Commerce (AMCHAM)


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American depositary receipt (ADR) *

American Stock Exchange (AMEX)

American style option

amortisation

AMS order book

AMS Second Terminal

annual accounts

annual general meeting (AGM) *

annual report

Appeals PanelSFC

appetite for risk Application Programming Interface (API)

Applied Research Fund

appreciation

appropriation

approved borrower

approved deposit fund

approved lending agent

approved redeemable share

arbitrage **

arbitrary scale up method

arithmetic average; arithmetic meanstatistics

arm's length transaction

arrears

articles of association

ASEAN Free Trade Area (AFTA)

ASEAN Regional Forum

Asia-Pacific Central Securities Depository Group

(ACG)

Asia Pacific Economic Cooperation (APEC)

Asia Pacific Loan Market Association

Asia Pacific Regional Committee (APRC) ofIOSCO

Asian and Oceanian Stock Exchanges Federation

(AOSEF)


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Asian Development Bank (ADB)

Asian dollar bond

Asian dollar market

Asian Securities' Analysts Council (ASAC)

Asian Securities Analysts Federation

ask price; asked price

asset

asset allocation

asset coverage

asset injection

asset management company asset stripper

asset stripping

asset swap

asset-backed securities (ABS)

*

assignee

assignment

assignmentoptions

assignor

assistant supervisorGEM

associate

associate; associate company; associated company *

associated person

Association Cambiste Internationale

Association for Investment Management and

Research (AIMR)

Association of Chartered Certified Accountants,The

Association of International Accountants, The

Association of National Numbering Agencies

(ANNA)

Association of South-East Asian Nations (ASEAN)

Association of Stockbrokers in Hong Kong (1891) 1891

at-auction limit order


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at-auction order

at-best order

at-the-close order

at-the-money option

at-the-opening order

ATI Batch File Transfer

attributable equity interest

auction

auction= open outcry =

auction market

Audit CommitteeSFC Audit Committee

Audit Investigation Board (AIB)

audit test

audit trail /

audited accounts

auditor *

auditors' report

austerity measures

Australian Securities and Investments Commission

(ASIC)

Australian Stock Exchange (ASX)

authorised capital

authorised clerk

authorised fund

authorised representative

authorised user

automatched stock

automated screen trading system (AST system)

automatic exerciseoptions

Automatic Order Matching and Execution System(AMS)

Automatic Order Matching and Execution System /

Second GenerationAMS/2


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Automatic Order Matching and Execution System /

Third Generation (AMS/3)

average daily turnover

Average Return Warrant

average value order

* Terms commonly used in the Mainland


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B

B/C date see book close date

Bear ELI see Bear Equity Linked Instrument

BESS see Brokers' Electronic Support Services

BFI see Brokers' Fidelity Insurance Scheme

BIS see Bank for International Settlements

BSS see Broker Supplied System

BTF see Block Trade Facility; Block Trading Facility

Bull ELI see Bull Equity Linked Instrument

back month

back office

back-office system

backdoor listing

backend enforcementSFC

backup interactive line

bad debt bait order

balance

balance of payments

balance sheet

balance sheet date

balancing item

bank confirmation

Bank for International Settlements (BIS)

Bank of England

Bank of Japan

bank reconciliation statement

banker's acceptance

banking company

banking facility

banner barter transaction


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bare trustee

barrier option

barrier warrant

base day

base listing document

Basel Agreement

Basel Committee on Banking Supervision (BaselCommittee)

()

Basel Concordat

basis point

basis risk

basket of currencies

basket warrant

batch settlement run

Bear Equity Linked Instrument

(Bear ELI)

bear market

bear position *

bear raid

bearer securities

Bearer TreasuryMainland China

below par

below the line

benchmark mortgage pool

benchmark yield curve

beneficial holder

beneficial interests beneficial owner

beneficiary

benefits-in-kind

Best Corporate Governance Disclosure Awards

best execution price

Best Practice Guide on Financial Disclosure by

Authorised InstitutionsHKMA


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best price

beta coefficient

beta test mode

bid price

bid-asked spread

bidder

Big BangUK

bilateral netting

bill of exchange

binomial option pricing model

black box trading Black-Scholes option pricing model

"black out" period

blanket waiver

block order

block trade *

Block Trade Facility; Block Trading Facility(BTF)

blocking period blue chip

board lot

board of directors

boiler room

bond

bonus issue

bonus share

book building method *

book close date (B/C date)

book closure period

book runner

book value

bought deal

branch certificate

breadth of the market


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breakeven point

bridging loan

Broker Activities Working Team

Broker ParticipantCCASS Participants

Broker Supplied System (BSS)

Brokers' Accounting System

Brokers' Electronic Support Services (BESS)

Brokers' Fidelity Insurance Committee

Brokers' Fidelity Insurance Scheme (BFI)

brokerage

brokerage house brought forwardaccounting

browse and pick

bubble economy

bucketing

bulk registration service

Bull Equity Linked Instrument(Bull ELI)

bull market bull position *

Bulletin Board

business day

business registration certificate

butterfly spread

buy and hold strategy

buy in

buy order

buy-backcf repurchase agreement

buy-out / buyout

buyout repo *



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C

CAPI see China Association for the Promotion ofInvestment

CASIF see Chinese Association of Securities InvestmentFunds, The

CBBC see Callable Bull / Bear Contract

CBO see Collateralised Bond Obligation

CBOE see Chicago Board Options Exchange

CBOT see Chicago Board of Trade

CBRC see China Banking Regulatory Commission

CCASS see Central Clearing and Settlement System

CCMS see Common Collateral Management System

CCP see Central Counterparty

CCSD see Conference of Central Securities Depositories

CDC see China Governmnet Securities DepositoryTrust & Clearing Co. Ltd.

CDO see Collateralised Debt Obligation

CDR see Chinese depositary receipt

CEDEL see

Centrale de Livraison de Valeurs Mobilieres

Europe

CEPA see Closer Economic Partnership Arrangement

CER see Certified Emissions Reductions

CFA see Corporate Finance Association

CFD see contract for differences

CFETS see China Foreign Exchange Trade System

CFFEX see China Financial Futures Exchange

CFMMC see China Futures Margin Monitoring Center

Co., Ltd.CFTC see Commodity Futures Trading Commission

US

CGT see capital gains tax

CHATS see Clearing House Automated Transfer System

CHESS see Clearing House Electronic Subregister

SystemAustralia

CHIS see Computershare Hong Kong Investor Services

Limited


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CIC see China Investment Corporate Ltd

CICPA see Chinese Institute of Certified Public

Accountants

CIMA see Chartered Institute of ManagementAccountants

CIRC see China Insurance Regulatory Commission

CIS see collective investment schemes

CLO see Collateralised Loan Obligation

CME see Chicago Mercantile Exchange

CMU see Central Moneymarkets UnitHKMA

CNS see continuous net settlement

COD see cash on delivery

COP see Calculated Opening Price

CPI see Capital Protected Instrument

CPSS see Committee on Payment and Settlement

Sytstems, The

CPT see Continuous Professional Training

CSDCC see China Securities Depository and ClearingCorporation Limited

CSRC see China Securities Regulatory Commission

cabinet bid

cabinet trade

Cadbury CommitteeUK

Cadbury ReportUK

Calculated Opening Price (COP)

calendar spread

call auction call market

call option *

call premiumbonds

call priceCBBC

call spread derivative warrant

call warrant

call writer


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call-over

Callable Bull / Bear Contract (CBBC)

cancelled share

candlestick chart

capital account *

capital adequacy

capital adequacy ratio /

capital adjustment

capital appreciation

capital expenditure

capital formation capital gain

capital gains tax (CGT)

capital loss

capital market

capital plus warrant

capital preservation product

Capital Protected Instrument (CPI)

capital reserve

capital value

capitalisation

capitalisation issue

capitalisation of interest

carried forwardaccounting

carry trade

cash alternative

cash client

cash commission rebate;

cash rebate

cash company

cash flow *

cash flow statement

cash market

Cash Market Consultative Panel


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cash marks

cash on delivery (COD)

cash prepayment service

cash price

cash settled ELI

cash settlement *

cash shell

"Caveat Emptor" (let the buyer beware)

CCASS/3

CCASS Depository

CCASS Guarantee Fund CCASS Internet System

CCASS Operational Procedures

CCASS Participant & Designated Bank List

CCASS Phone System

"cease and desist" order

ceiling-floor agreement

censure

Central Clearing and Settlement System (CCASS)

central counterparty (CCP)

central depository

Central Moneymarkets Unit (CMU)HKMA

central nominee

central order book

central transaction log

Centrale de Livraison de Valeurs Mobilieres

(CEDEL)Europe

centralised borrowing and lending system

certificate of incorporation

certificate replacement service

Certificate TreasuryMainland China

certificated shareholder

Certified Emissions Reductions (CER)


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CFA Institute CFA

chain principle

Chamber of Hong Kong Listed Companies

change of domicile

change of year end

charge

charging structure

chartered financial analyst

Chartered Institute of Management Accountants

(CIMA)

CHATS Payment Instruction

Chicago Board of Trade (CBOT)

Chicago Board Options Exchange (CBOE)

Chicago Mercantile Exchange (CME)

chief agency broker *

chief dealer

China Association for the Promotion of Investment

(CAPI)

China Banking Regulatory Commission (CBRC)

China Beijing Equity Exchange

China-controlled company (Red Chip) ()

China Financial Futures Exchange (CFFEX)

China Foreign Exchange Trade System (CFETS)

China Futures Association

China Futures Margin Monitoring Center Co., Ltd.

(CFMMC)

China Government Securities Depository Trust &Clearing Co. Ltd. (CDC)

(

)

China Insurance Regulatory Commission (CIRC)

China International Economic and Trade

Arbitration Commission

China Investment Corporate Ltd (CIC)

China SAFE Investments Ltd


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China Securities Depository & Clearing

Corporation Limited (CSDCC)

China Securities Free Floating Index

China Securities Index Co., Ltd

China Securities Investor Protection Fund

Corporation Limited Mainland China

China Securities Regulatory Commission (CSRC)

China Securities Regulatory Commission Official

Bulletinpublication

China Stock Markets Web

Chinese Association of Securities Investment

Funds, The (CASIF)

Chinese depositary receipt (CDR) *

Chinese Gold and Silver Exchange Society, The

Chinese Institute of Certified Public Accountants

(CICPA)

Chinese News System

Chinese Wall

choice market making

churning circuit breakers

circuit fee

claim notice

class action shareholder lawsuit

classified voting system

claw back mechanism

clearing *

Clearing Agency ParticipantCCASS

Participants

clearing agreement

Clearing Consultative Panel

clearing house

Clearing House Automated Transfer System

(CHATS)

Clearing House Electronic Subregister System

(CHESS)

Australia


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Clearing Participantoptions trading

clearing price *

Clearing Service Call Centre

client account

client margin

Client Offset Claim Account

Client Registered Trader

client server architecture

client's agreement

close out

closed-end fund Closer Economic Partnership Arrangement

(CEPA)

closing auction session

closing buyoptions

closing contract

closing price

closing saleoptions

closing stock closing transaction

closure of books; closure of register

cluster server

Coalition on Service IndustryHong Kong

General Chamber of Commerce

Code of Best Practice

Code of Conduct

Code of Conduct for Share RegistrarsSFC

Code of Conduct for Sponsors and IndependentFinancial Advisers

Code on Corporate Governance Practices

Code on Investment-linked Assurance Schemes

Code on Share Repurchases

Code on Takeovers and Mergers

cold shoulder order


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collateral *

collateral eligibility

Collateralised Bond Obligation (CBO)

Collateralised Debt Obligation (CDO)

Collateralised Loan Obligation (CLO)

collateralised repo *

collateralised warrant

collective investment fund

collective investment scheme (CIS)

co-manager

combination order combined net tangible assets

combo order

comfort letter

commercial paper

commission rebate

Commissioner of Insurance

Committee of Payment SystemHKMA

Committee on Payment and Settlement Systems,

The (CPSS)

Committee on Unit TrustsSFC

commodities dealer

Commodity Futures Trading Commission (CFTC)

US

Common Collateral Management System (CCMS)

common nominee "common nominee" share certificate

Common Risk Management System

communication status message line

Companies Registry

Company Bulletin BoardUK

Compensation Committee

Compensation Fund Reserve Account


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compliance adviser

compliance officerGEM

composite order

composite risk

composite table

composite trades

comprehensive income

Comptroller of the CurrencyUS

compulsory buy-in

Compulsory Stock Borrowing and Lending

Service in CCASS

Computershare Hong Kong Investor ServicesLimited (CHIS)

concentrated position

concentration risk

concentration risk adjustment

concept stock

conditional agreement

conditional cash offer

Conference of Central Securities Depositories

(CCSD)

Conflict Committee

connected person

connected transaction

consideration *

consideration issue

consideration share

consolidated financial statement

consolidation

constitution

construction-in-progress

contested takeover

contingent liabilities

contingent orderLSE

contingent premium


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continuing connected transaction

continuing obligation

continuing operation

continuous auction

continuous net settlement (CNS)

Continuous Professional Training (CPT)

Continuous Quotes

contra broker

contract for differences (CFD)

contract multiplier

contract note contract size

contract specifications

contract unit

contracted price

contractual mutual fund

contrarian

contribution

control account

controller workstation

controlling interest

controlling shareholder

conversionoptions

conversion ratio

convertible bond

convertible note

convertible redeemable note

convertible securities

Co-ordinating Committee on Market Structure

Reform

core earnings

cornering

cornerstone investor

corporate accounting


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corporate actions service fee

corporate bond *

corporate communication

Corporate Exchange Participant

Corporate Finance Association, The (CFA)

corporate governance *

Corporate Investor Account

Corporate PlanSFC

corporate raider

Corporate Substantial Shareholders Notification

co-sponsor cost effectiveness

cost of carry

co-trustee

counter order

counterparty

counterparty risk

coupon; coupon rate

coupon-reset date

coverieclose out a short position = buy in

covered calloptions

covered option

covered short selling

covered warrant

covered writing

credit

credit control

credit limit

credit rating

credit risk

credit squeeze

credit trading *

creditor


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creeper

cross collateral

cross currency trade

cross listing

cross margining

cross-border listing

crossed market

crossed trade; cross trade; crossing

crossing system

crude oil futures

cumulative advance cumulative voting *

currency basket

currency board system

currency forward

currency futures

currency translation exposure

currency warrant

current account

custodian

Custodian ParticipantCCASS Participants



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D

DvP see delivery vs payment

DCASS see Derivatives Clearing and Settlement System

DCI see Direct Credit Instruction

DCP see Direct Clearing Participant

DDF see Digital Data Feed

DDI see Direct Debit Instruction

DMT see dual mode terminal

DNS see Depository and Common Nominee System

DRP see Disciplinary Review PanelDTB see Deutsche Terminborse

DTC see deposit-taking company

DTCUS see Depository Trust CompanyUS

daily average funds netting efficiency

daily average settlement efficiency

daily margin daily margin call

Daily Movement Statementclearing

daily price swing limit

daily quotations sheet

daily settlement price

Daily Trading Activity and Open Positions

Summary Reportfutures

daily trading limit dark fibre

data feed

day order

day trade

day-end batch processing

day-end marks

de minimus (waiver) provision


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deal ticket

dealer *

dealer's representative

dealing director

dealing partnership

dealing practice

dealing room

debenture

debit

debit balance

debt chain debt-for-equity swap

debt market

debt repayment

debt securities

debt-to-equity ratio /*

debtor

decaying asset

Declaration and Undertaking with regard to

Directors

decumulator

dedicated line

deemed book close date

deemed VAT

deep-in-the-money option

deep-out-of-the-money option

default

default recovery contribution

defaulter

defective securities

defence document

deferred share

deferred tax

deflation


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delayed data

delineation of activities

delisting **

delivery

delivery vs payment (DvP)

deltaoptions

delta hedge Delta

delta neutral delta

dematerialisation of share certificate

demutualisation

denominated in (DM)

Deposit-Taking Companies Association, The

deposit-taking company (DTC)

depositary receipt

Depository and Common Nominee System (DNS)

depository nominee

Depository Trust Company (DTC)US

depreciation

deregulation

deregulation of interest rates

derivative action

derivative warrant

derivatives *

Derivatives Clearing and Settlement System

(DCASS)

derivatives market

Derivatives Market Consultative Panel

designated bank

Designated Compliance Officer

designated deposit *

designated securities


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Designated Specialist

designation transfer *

Deutsche Bundesbank

Deutsche Terminborse (DTB)

diagonal spread

differential reporting

Digital Data Feed (DDF)

digital information service

digital warrant

dilution *

direct business; direct business transaction direct clearing

Direct Clearing Participant (DCP)

Direct Credit Instruction (DCI) /

Direct Debit Instruction (DDI) /

direct stock admissionCCASS

Director's / Chief Executive's Notifications /

directors' fee

directors' remuneration

directors' report

Disciplinary Appeals Committee

Disciplinary Casebook

Disciplinary Committee

disciplinary jurisdiction

disciplinary power

disciplinary procedures

Disciplinary Review Panel (DRP)

disclaimer

discloseable transaction

disclosure

disclosure-based

disclosure of interests

discontinued operations


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discount

discount broker

discount rate

discount window

discounted cash flow /

discretionary account

discretionary bonus payment

discretionary manager

discretionary order

discretionary power

discretionary trust

disinflation

disinterested shareholder

disintermediation

dispersionstatistics

disqualification order

distant month

distributable profit

distribution

distribution in specie

dividend *

dividend accumulator warrant

dividend and debt securities interest collection

service fee/

dividend in specie

dividend warrant

dividend yield

documentation risk

domestic shareMainland China

dormant account fee

dormant company

Dow Jones Industrial Average

Dow Jones Industrial Average Options


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download

downtick

dragon bond

dual filing

dual listing

dual vetting

dual mode terminal (DMT)

due diligence

dynamic hedging



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E

E day see exercise day

EAOSEF see East Asian and Oceanian Stock Exchanges

Federation

EAS price see estimated average settlement price

EASDAQ see European Association of Securities DealersAutomated Quotations

EBRD see European Bank of Reconstruction and

Development

ECN see electronic communications network

EDGAR see Electronic Data Gathering, Analysis and

RetrievalUS

EERI see Effective Exchange Rate Index for the Hong

Kong Dollar

EFIL see Exchange Fund Investment Limited

EFN see Exchange Fund Note

EGM see extraordinary general meeting

EIPO see Electronic Initial Public Offering service

eIRC see Electronic Investor Resources Centre

SFC

ELI see Equity Linked Instrument

ELN see equity linked note

EMSIS see Electronic Mailing Stock Information Service

EMU see European Economic and Monetary Union

EPI see Electronic Payment Instruction

EPS see earnings per share

EPS see Electronic Publication System

ESS see Electronic Submission System

ETC see exchange traded commodity

ETF see Exchange Traded Fund

ETN see exchange traded note

early buy-in

early warning system

earnings per share (EPS)


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East Asian and Oceanian Stock Exchanges

Federation (EAOSEF)

economic value added *

Effective Exchange Rate Index for the Hong KongDollar (EERI)

e-FRRR system

Electronic Application Instruction for New Issue

Shares

electronic communications network (ECN)

Electronic Data Gathering, Analysis and Retrieval

(EDGAR)US

Electronic Disclosure Project

Electronic Initial Public Offering service (EIPO)

Electronic Mailing Stock Information Service

(EMSIS)

electronic money settlement fee

Electronic Money Settlement Services

Electronic Payment Instruction (EPI)

Electronic Publication System (EPS)

Electronic Submission System (ESS)

electronic trading

eligible securities

Eligible Supervisor

E-mail and Group Paging Services

emerging market

emissions-related product

Employee Registered Trader

employee shareMainland China employer trustee

encumbrances

end user

End-of-day Trade Data File Transfer Service

enhanced access to AMS

enhanced digital datafeed

enhanced limit order


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Enhanced Special Stock Trading Method

enlarged share capital

Enquire Announcement InformationCCASS

Enquire Reported Lost CertificateCCASS

Enquire Unmatched SI ReasonCCASS

enterprise bond *

Enterprise Information Database

Entitlement StatementCCASS

entitlement table

entry price

equilibrium price

equity base

equity capital; equity share capital

equity divisionMainland China

equity division reformMainland China

equity interest

Equity Linked Deposit Equity Linked Instrument (ELI)

equity linked note (ELN)

equity methodaccounting

equity option

equity securities

equity warrant

erroneous trade

error trade

estimated average settlement price (EAS price)

estimated capital value

estimated useful life

euro / Euro

Eurobond

Euroclear

Euroclear Bank


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execution facilities

Executive Committee

executive director

Exempt Fund Manager

exempt listing status

Exempt Principal Trader

exempt trader

exercise

exercise day (E day)

exercise period

exercise price *exercise price interval

exercise schedule *

exercise style

exit price

exotic warrant

exotic warrant informationTeletext

expedited registration service

Expert Group to Review the Operation of the

Securities and Futures Market Regulatory

Structure

expiration date

expiry date

expiry month

explanatory memorandum

explanatory statement exponentially-weighted moving average

exposure draft

exposure management

ex-rights

Extended Morning Session

Extended Trading Securities

eXtensible Business Reporting Language (XBRL)


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Extensible Markup Language

external auditor

extraordinary general meeting (EGM)

extraordinary item

extreme move covered fraction

extreme move multiplier



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F

Fannie Mae see Federal National Mortgage Association

FIFO see First in, first out

FOK see Fill-or-Kill

FOMC see Federal Open Market Committee

FRC see Financial Reporting Council, The

FRCD see floating rate certificate of deposit

FRN see floating rate note

FRR see Financial Resources Rules

FRRC see Financial Reporting Review CommitteeFSA see Financial Services AuthorityUK

FXI China 25 see FTSE / Xinhua China 25 Index

face value

Fact Book

Fact Sheet

fair market value false market

Far East Exchange, The

fast market

fault tolerance

favourable marks

favourable variance; favourable difference

feasibility study

Fed wire / Fedwire / FedWire

Federal funds

Federal funds rate

Federal National Mortgage Association (FannieMae)

Federal Open Market Committee (FOMC)

Federal Reserve System

Federation of Shares Registrars Limited


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fellow subsidiary

Fidelity Fund

fidelity insurance scheme

fiduciary

fiduciary duty

file backup-restore macro

file transfer

file transfer protocol

Fill-or-Kill (FOK)

Final Clearing StatementCCASS final review hearing

Final Settlement Price

Final Settlement Run

finance lease commitment

financial accommodation

financial adviser

financial bond *

financial conglomerate

financial exposure

financial futures

financial institution

financial instrument

financial integrity

financial intermediary /

financial intermediation

financial lease *

financial market

Financial Market Development Task Force, The

financial regulation

financial reporting

Financial Reporting Council, The (FRC)

Financial Reporting Review Committee (FRRC)

Financial Reporting Review Panel


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financial resources rules (FRR)

financial results

financial risk

Financial Services ActUK

Financial Services Authority (FSA)UK

financial shareholder

Financial Supervisory CommissionTaiwan

financial year

financier

financing bill *

FinNet firm bid and ask quotations

firm commitmentunderwriting

firm order

firm order

firm position

first in, first out (FIFO)

First Supplement to the Addendum to

Memorandum of Understanding GoverningListing Matters

()

fixed income ETF

fixed-rate mortgage

floating rate certificate of deposit (FRCD)

floating rate note (FRN)

floor trader

flotation

force majeure forced buy-in

forced liquidation

foreign exchange exposure

foreign shareMainland China

forex option

forex swap


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40

Form for Reporting Dealings in Securities

Suspended due to Insufficient Public Float

forward entitlement

frame relay trading network

free convertibility

free float

Free Text AreaTeletext

fringe market

front running

front-end load

front-month

front-office system

FTSE Group

FTSE / Hang Seng Asian Sector Indexes /

FTSE / Hang Seng Asiatop Index /

FTSE / Hang Seng Indexes /

FTSE / Xinhua China 25 Index (FXI China 25) 25

full disclosure

fully diluted earnings per share

fully paid-up capital

fund accounting approach

fund balancing

fund flow

fund manager

fund of hedge funds

fund statement

fund unit holder *

fund utilisation

further issue

Futures Compensation Fund

Futures Compensation Fund CommitteeSFC



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G

GAAP see Generally Accepted Accounting Principles

GATT see General Agreement on Tariffs and Trade

GCP see General Clearing Participant

GDP see gross domestic product

GDR see global depositary receipt

GEI see Growth Enterprise Index

GEM see Growth Enterprise Market

GNP see gross national product

GTC see good-till-cancelled orderGTD see good-till-date order

GTSM see GreTai Securities MarketTaiwan

gatewaycomputer

gearing ratio

GEM Investor Guide

GEM Listing Committee GEM Listing Rules (Rules Governing the Listing

of Securities on the Growth Enterprise Market of

the Stock Exchange of Hong Kong Limited)

General Advisory and Support Working Team

General Agreement on Tariffs and Trade (GATT)

General Clearing Participant (GCP)

general ledger

general mandate general offer

General Rules of CCASS

Generally Accepted Accounting Principles

(GAAP)

gilt-edged securities

give-upoptions

global bond

global depositary receipt (GDR)


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Global Equity Market

Globex

going concernaccounting

good for delivery

good-for-day order

good-till-cancelled order (GTC)

good-till-date order (GTD)

goods-in-transit

goodwill

governing law

government bond *grace period

greenshoeunderwriting

greenshoe option *

GreTai Securities Market (GTSM)Taiwan

grey market price

gross domestic product (GDP)

gross margining

gross national product (GNP)

Growth Enterprise Index (GEI)

Growth Enterprise Market (GEM)

Guarantee Fund

Guarantee Scheme

guarantee transaction

guaranteed unit trust

guarantor

Guernsey Financial Services Commission

Guidance NoteListing Rules

Guide for Directors of Listed Companies

Guide on disclosure of price-sensitive information

Guide on pre-vetting requirements for

announcements

Guidelines for Electronic Public Offerings

SFC


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Guidelines on the Vetting and Regulation of

Applications for Listing on the GEM in Hong

Kong by Mainland EnterprisesMainland

China



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H

HDR see Hong Kong Depositary Receipt

HFI see Hang Seng China H-Financials Index

HIBOR see Hong Kong Interbank Offered Rate

HKAB see Hong Kong Association of Banks

HKAOB see Hong Kong Association of Online Brokers,The

HKATS see Hong Kong Futures Automated Trading

System

HKCC see HKFE Clearing Corporation Limited

HKEx see Hong Kong Exchanges and Clearing Limited

HKFE see Hong Kong Futures Exchange Limited

HKFRS see Hong Kong Financial Reporting Standards

HKICL see Hong Kong Interbank Clearing Limited

HKICPA see Hong Kong Institute of Certified Public

Accountants

HKICS see Hong Kong Institute of Company Secretaries,The

HKIFA see

Hong Kong Investment Funds Association

HKII see Hong Kong Institute of Investors

HKIMR see Hong Kong Institute for Monetary Research

HKMA see Hong Kong Monetary Authority

HKSCC see Hong Kong Securities Clearing CompanyLimited

HKSIR see Hong Kong Standards on Investment CircularReporting Engagements

HS100 see Hang Seng 100

HSAI see Hang Seng Asia IndexHSCCI see Hang Seng China-Affiliated Corporations

Index

HSCEI see Hang Seng China Enterprises Index

HSCI see Hang Seng Composite Index

HSHKCI see Hang Seng Hong Kong Composite Index

HSHKLI see Hang Seng HK LargeCap Index

HSHKMI see Hang Seng HK MidCap Index

HSHKSI see Hang Seng HK SmallCap Index


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HSI see Hang Seng Index

HSITI see Hang Seng IT Index

HSITP see Hang Seng IT Portfolio Index

HSLRI see Hang Seng London Reference Index

HSMLCI see Hang Seng Mainland Composite Index

HSMLFI see Hang Seng Mainland Freefloat Index

haircut

Handbook on Disciplinary Proceedings

Hang Seng 100 (HS100) 100

Hang Seng Asia Index (HSAI)

Hang Seng China-Affiliated Corporations Index

(HSCCI)

Hang Seng China AH Premium Index AH

Hang Seng China AH Price Indexes AH

Hang Seng China Enterprises Index (HSCEI)

Hang Seng China Enterprises Index Futures (H-

shares Index Futures) (H )

Hang Seng China H-Financials Index (HFI) HHang Seng Composite Index (HSCI)

Hang Seng Freefloat 50 50

Hang Seng Freefloat Composite Index (HSFCI)

Hang Seng Freefloat HK 25 25

Hang Seng Freefloat Mainland 25 25

Hang Seng FTSE / Xinhua China 25 Index ETF 25

Hang Seng H-Share Index ETF H

Hang Seng HK Freefloat Index (HSHKFI)

Hang Seng HK LargeCap Index (HSHKLI)

Hang Seng HK MidCap Index (HSHKMI)

Hang Seng HK SmallCap Index (HSHKSI)

Hang Seng Hong Kong Composite Index(HSHKCI)

Hang Seng Index (HSI)

Hang Seng Index ETF


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Hang Seng Index Futures

Hang Seng Index Options

Hang Seng Indexes Company Limited

Hang Seng Industry Classification System

Hang Seng IT Index (HSITI)

Hang Seng IT Portfolio Index (HSITP)

Hang Seng London Reference Index (HSLRI)

Hang Seng Mainland Composite Index (HSMLCI)

Hang Seng Mainland Freefloat Index (HSMLFI)

Hang Seng Total Return Index

hard currency hawking of securities

heavy trading

hedge fund

hedging *

hedging ratio

Heritage Foundation, TheUS

HIBOR Futures Strip

hidden-size order

high leveraged investment

historical cost

historical volatility

HKATS Error Trade Review Panel HKATS

HKEx (China) Limited ()

HKEx Electronic Publication System

HKEx Information Services Limited

HKEx Share Information Board

HKExnews website

HKFE Clearing Corporation Limited (HKCC)

HKSCC Nominees Limited

hold matched SI

holder of Stock Exchange Trading Right

holding company


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Hong Kong Association of Banks (HKAB)

Hong Kong Association of Financial Advisors

Hong Kong Association of Online Brokers, The

(HKAOB)

Hong Kong Capital Markets Association

Hong Kong Chamber of Small and MediumBusiness

Hong Kong Chinese Enterprises Association

Hong Kong Codes on Takeovers and Mergers andShare Repurchases

Hong Kong Depositary Receipt (HDR)

Hong Kong Exchanges and Clearing Limited(HKEx)

Hong Kong Exchanges and Clearing Limited

Beijing Representative Office

Hong Kong Financial Markets DevelopmentLimited

Hong Kong Financial Reporting Standards

(HKFRS)

Hong Kong Futures Automated Trading System(HKATS)

HKATS

Hong Kong Futures Exchange Limited (HKFE)

Hong Kong General Chamber of Commerce, The

Hong Kong Institute for Monetary Research

(HKIMR)

Hong Kong Institute of Bankers

Hong Kong Institute of Certified Public

Accountants (HKICPA)

Hong Kong Institute of Chartered Secretaries, The

(HKICS)

Hong Kong Institute of Directors, The

Hong Kong Institute of Financial Analysts and

Professional Commentators, The

Hong Kong Institute of Investment Analysts

Hong Kong Institute of Investors (HKII)

Hong Kong Interbank Clearing Limited (HKICL)

Hong Kong Interbank Offered Rate (HIBOR)

Hong Kong International Arbitration Centre


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Hong Kong Investment Funds Association

(HKIFA)

Hong Kong Management Association

Hong Kong Monetary Authority (HKMA)

Hong Kong Mortgage Corporation Limited, The

Hong Kong Securities and Futures Industry StaffUnion

Hong Kong Securities Clearing Company Limited

(HKSCC)

Hong Kong Securities Institute

Hong Kong Securities Market Archives and

Artifacts Collection Campaign

Hong Kong Securities Professionals Alumni

Association

Hong Kong Securities Professionals Association

Hong Kong Society of Financial Analysts

Hong Kong Standards on Investment CircularReporting Engagements (HKSIR)

Hong Kong Stock Exchange, The 1914

1947

Hong Kong Stockbrokers Association

Hong Kong Stockbrokers Association (1921) 1921

Hong Kong Venture Capital Association

horizontal spread

house account

house position

H-shares Index Futures (Hang Seng China

Enterprises Index Futures)H ()

H-shares Index Options H

HSI International Limited

hyperlink



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I

IAASB see International Auditing and Assurance

Standards Board, The

IAS see International Accounting Standards

IASB see International Accounting Standards Board

ICA England & Wales see Institute of Chartered Accountants in Englandand Wales

ICPA see Institute of Certified Public Accountants

US

IEP see Indicative Equilibrium Price

IEV see Indicative Equilibrium Volume

IFAC see International Federation of Accountants

IFC see International Finance Corporation

IFRS see International Financial Reporting Standards

iIPO see Internet Initial Public Offering service

IMF see International Monetary Fund

IMRO see Investment Management Regulatory

Organisation

INED see independent non-executive directorIOC see Immediate-or-Cancel

IoD see Institute of DirectorsUK

IOMA see International Options Markets Association

IOSCO see International Organisation of Securities

Commissions

IP see Investor Participant

IPMA see International Primary Markets Association

IPO see initial public offering

ISD see Investment Services DirectiveEuropean

Union

ISDA see International Swaps and DerivativesAssociation

ISFO see International Stock Futures and Options

ISIN see International Securities IdentificationNumbers

ISMA see International Securities Markets Association

ISO see International Organisation for Standardisation


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ISSA see International Securities Services Association

IVRS see Interactive Voice Response System

Ian Hay Davison Report (ieReport of the

Securities Review Committee)

illiquidity

Immediate-or-Cancel (IOC)

immobilisation of share certificate

implied volatility

inactive order

income approach

indebtedness

indebtedness date

indebtedness statement

independent adviser

independent financial adviser

Independent Investigation Board

independent non-executive director (INED) index arbitrage

index basket order

index bond

index call warrant

index depositary receipt / index share

index futures

Index of Economic Freedom

index participation unit

index swap

index warrant

index-linked product

indicated issue price

Indicative Equilibrium Price (IEP)

Indicative Equilibrium Volume (IEV)

indicative price


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indicative terms sheetwarrants

individual client

Individual Exchange Participant

Individual Investor Account

individual ratingbanking

Individual Substantial Shareholders Notification

industry scheme

inflation indexed monetary policy

information dissemination

information memorandum

information pack information service

information vendor

infrastructure project

initial listing fee

initial marginfutures

initial public offering (IPO) *

Initial Public Offerings Progress Report

initial subscription price

inner reserve

Innovation and Technology Fund

input VAT

insider dealer

insider dealing

Insider Dealing Tribunal

insolvency

insolvency risk

Institute of Certified Public Accountants (ICPA)

US

Institute of Chartered Accountants in England andWales (ICA England & Wales)

Institute of Directors (IoD)UK

Institute of Financial Planners of Hong Kong, The

Institute of Securities Dealers


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institutional advancement

institutional client

institutional investor

institutional risk

instrument of transfer

intangible asset

integrated trading and clearing system

Interactive Voice Response System (IVRS)

interbank market

interest collar; interest rate collar

interest cover; interest coverage interest-rate ceiling

interest-rate futures

interest rate subsidyMainland China

interest-rate swap *

Interest Rate Swap Futures

interfacing

interim report

Inter-Market Coordination Committee

intermediary

intermediate holding company

intermediation

internal audit

internal auditor

internal censure

internal control

International Accounting Standards (IAS)

International Accounting Standards Board (IASB)

International Auditing and Assurance Standards

Board, The (IAASB)

International Committee on the Listing of NewEnterprises

International Federation of Accountants (IFAC)

International Finance Corporation (IFC)


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International Financial Action Task Force

International Financial Reporting Standards

(IFRS)

International Monetary Fund (IMF)

International Options Markets Association

(IOMA)

International Organisation for Standardisation

(ISO)

International Organisation of Securities

Commissions (IOSCO)

International Primary Markets Association (IPMA)

International Securities Identification Numbers

(ISIN)

International Securities Markets Association

(ISMA)

International Securities Numbering System

International Securities Services Association

(ISSA)

International Stock Futures and Options (ISFO)

International Swaps and Derivatives Association(ISDA)

Internet Initial Public Offering (iIPO) service

internet order connection

interpretive guidelines

in-the-money *

in-the-money option

intraday liquidity

intra-day margin

intra-day margin call

intra-day marks collection mechanism

Intra-day Marks Collection Reportclearing

intra-day marks payment obligations

intra-day money market

intraday quotation

intraday repurchase agreementbanking

intra-group transactions


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intranet

intrinsic value

introducing agent

introducing broker *

introductionlisting method

inventory

investee

investment adviser

Investment Advisory Committee

investment analyst

investment grade Investment Management Regulatory Organisation

(IMRO)

investment philosophy

Investment Services Directive (ISD)European

Union

Investment-linked Assurance & Pooled Retirement

Funds CommitteeSFC

Investor Account Service

Investor Compensation Company Limited

Investor Participant (IP)

isolated trades systemCCASS

issue price

issuer

issuer electronic filing system

Issuer Information Feed

Issuer Register issuers cash option



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J

JBRI see Japan Bond Research Institute

Japan Bond Research Institute (JBRI)

jobber

jobber stamp duty

jobbing transaction

Joint Individual Investor Account

joint stock company

joint venture

joint venture contract

jumbo certificateCCASS

jumbomize

junk bond

jurisdiction


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K

Kam Ngan Stock Exchange, The

kiting

knockout pointCBBC

Kowloon Stock Exchange, The


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L

LAF see Liquidity Adjustment FacilityHKMA

LAN see Local Area Network

LAW see Liquidity Adjustment Window

LBO see leveraged buy-out

LIFFE see London International Financial Futures and

Options Exchange

LIFO see last in, first out

LOBO see Long Only Brokers for Options

LOF see listed open-end fund

LSE see London Stock Exchange

LTOM see London Traded Options Market

large cap stock

Large Exposure Report Agreement

large open position

last accounting date

last exercise day

last in, first out (LIFO)

last recorded price; last traded price

late reported sales

late trading

Law Society of Hong Kong, The

lead manager

lead underwriter *leading economic indicator

legal entity

legal person shareMainland China

legal risk

lender of last resort

lending fee

let the buyer beware principle


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Letter of Exchanges regarding regulatory co-

operation for mainland companies to be listed on

GEM

level playing fieldcf uneven playing field leverage

leveraged buy-out (LBO)

leveraged foreign exchange introducing agent

leveraged foreign exchange trader

leveraged foreign exchange trading

leveraged market

liabilities

licence

licensed bank

licensing information booklet

Lifeboat Loan

Lifeboat levy

light trading

limit order *

limited liability company

Link Real Estate Investment Trust, The

liquid asset

liquid capital

liquidation

liquidationieforced sale of securities to meet a

margin call

liquidity *

Liquidity Adjustment Facility (LAF)HKMA Liquidity Adjustment Window (LAW)

liquidity margin /

liquidity provider

liquidity ratio

liquidity risk

List of Exchange Participants & Holders of Stock

Exchange Trading Rights


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List of Stock Codes

Listed corporation

listed issuer

listed open-end fund (LOF)

listed securities

Listing Agreement

Listing Appeals Committee

Listing Committee

Listing Decisions Panel

Listing (Disciplinary) Committee ()

Listing (Disciplinary Review) Committee ()Listing Policy Committee

Listing (Review) Committee ()

Listing Review Panel

Listing Rules

loan capital

loan facility

loan stock

loan syndicate

Local Area Network (LAN)

Locked-In Return Warrant

locked position

locked up

London International Financial Futures and

Options Exchange (LIFFE)

London Stock Exchange (LSE)

London Traded Options Market (LTOM)

Long Broker ParticipantCCASS

long-dated index options

Long Only Brokers for Options (LOBO)

long options contract

long position *

long strangle *


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low-ball offer



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M

MACD see Moving Average Convergence-DivergenceMAP see Market Access Product

Mass ATI see Mass Account Transfer Instruction

MBO see management buy-out

MESDAQ see Malaysian Exchange of Securities Dealing

and Automated Quotation Bhd

MORC see Memorandum of Regulatory Cooperation

MOU see memorandum of understanding

MPF see Mandatory Provident Fund

MWS see Multi-workstation System

M1

M2

Maastricht Treaty

main board

Mainland / Hong Kong Closer Economic

Partnership Arrangement

Mainland / Hong Kong Closer EconomicPartnership Arrangement Arrangements

relating to Qualifications of Securities and

Futures Industry Practitioners

maintenance marginfutures

major shareholder

major transaction

maker-checker facilityCCASS

Malaysian Exchange of Securities Dealing and

Automated Quotation Bhd (MESDAQ)

management buy-out (MBO)

management fee

management shareholder

manager

mandatory bid; mandatory offer


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Mandatory Call Event

Mandatory Provident Fund (MPF)

Mandatory Provident Fund Schemes Authority

(MPFA)

margin

margin call

margin client

margin coverage ratio

margin cut

margin financing

margin interval

margin offset

margin parameter

margin pooling

margin ratio

margin relief

Margin Securities Trading Account

margin trading

margin value margin-after-exercise

margined premium

margining process

Market Access Product (MAP)

mark the close

mark to market / mark-to-market

mark-to-market margin

market capitalisation *

Market Datafeed

market depth

market maker *

Market Maker List

market making

market manipulation

Market Misconduct Tribunal


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market order

market participant

market practitioner

market rental

market risk

market sentiment

market share

market timing

market volatility

market-sensitive information

marks / marks payment Mass Account Transfer Instruction

(Mass ATI)

Mass Quotation Facility

mass quote

master trust scheme

maturity

maximum spread

MDF News Alert Message Memorandum and Articles of Association

memorandum of association

Memorandum of Regulatory Cooperation (MORC)

memorandum of understanding (MOU)

merchant bank

merger

merger by absorption

mergers and acquisitions

merit-based

mid-cap stock

Mid-day Data File Transfer Service

middle exercise price

middle-priced option

Mini-Hang Seng China Enterprises Index Futures

(Mini H-shares Index Futures)(H

)


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Mini-Hang Seng Index Futures

Mini-Hang Seng Index Options

minimum contribution

minimum price fluctuation

minimum quote quantity

minimum response time

minimum transaction size

Ministry of FinanceMainland China

minority controller

minority interest

minority shareholder minus tick

misconduct

misrepresentation

misstatement

mistraded contract

mixed media offer

mock trading

Model Authorisation Letter

Model Code for Securities Transactions by

Directors of Listed Issuers

Model Code for Sponsors

monetary assets

monetary base

Monetary Policy CommitteePBC

money broker

money laundering

money market

money settlement fee

money supply

money transfer system

Money World Asia Hong Kong

Money World Asia Pte Limited

moneyness


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monies advanced

Monthly Balance StatementCCASS

Monthly Return on Movement of Listed Securities

Moodys Investment Grade

moratorium

morning session

mortgage-backed securities

mortgate bond

mortgage loan originator

Moving Average Convergence-Divergence

(MACD)

multi-currency trading

multi-jurisdictional equity offering

Multi-workstation System (MWS)

multiple applications

multiple-workstations

mutual cross-listing

mutual fund *



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N

NASDAQ see National Association of Securities Dealers

Automated QuotationsUS

NCP see Non-Clearing Participant orNon-Clearing

Options Trading Participant

options trading

NDF see non-deliverable forward contract

NETS see National Electronic Trading System

Mainland China

New HSMCI see New Hang Seng MidCap 50 Index

NHMPE see non-H-share Mainland private enterprise

NSSF see National Social Security Fund

naked option writing

naked short selling

National Association of Securities Dealers

Automated Quotations (NASDAQ)US

National Bureau of Economic ResearchUS

National Bureau of StatisticsMainland China

National Construction TreasuryMainland

China

National Council for Social Security Fund

Mainland China

National Development and Reform Commission

Mainland China

National Electronic Trading System (NETS)

Mainland China

National Interbank Funding CentreMainland

China

National Social Security Fund (NSSF)

National Science and Technology Venture Capital

Development Center

near-the-money option

negative statement

negotiable instrument

negotiable market capitalisation

negotiable share


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negotiated commission

negotiated transaction

net admissible assets

net asset value

net asset value per share

net book value

net margining

net open options contract; net options position

net position

net present value

net proceeds net tangible assets

net tangible assets per share

net underwriting commitment

net worth ratio

netting

netting by novationclearing

Network Gateway

networking

New Hang Seng MidCap 50 Index

(New HSMCI) 50

new issue

news dissemination

news file

next day net settlement system

Next Settlement Day Due / Overdue Position

ReportCCASS

/

Nikkei Stock Average

nil-paid rights

no-action relief

no-forcing order

No-Over-Loss Rules

Nomad (Nominated Adviser)London Stock

Exchange

nominal exchange rate


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nominal price

nominal value

Nominated Adviser (Nomad)

nominee account

Non-Clearing Participant; Non-Clearing Options

Trading Participant (NCP)options trading

non-collateralised warrant

non-deliverable forward contract (NDF) /

*/*

non-dividend paying European call option

non-dividend paying European put option

non-executive director

non-H-share Mainland private enterprise(NHMPE)

H

non-market-making transaction

non-ranking liabilities

non-registered holder

non-spot month Hang Seng Index futures contract

non-tradable shareMainland China

normal order imbalance

normative statement

notation price

Notice on Regulation of Share Issues and Listing

in Overseas MarketsState Council

notifiable transaction

novated contract

novation

NYSE Euronext



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O

OAPI see OMnet Application Programming InterfaceORS see Order Routing System

OTC see over-the-counter

odd lot *

off-balance sheet exposure /

off-balance sheet (financial) instrument

off-board trading off-floor order

off-floor terminal

off-floor trading

off-market rules

off-market share repurchase

offer

offer by tender

offer for sale

offer for subscription

offer price

offer to the public

offering mechanism

Office of the Commissioner of Insurance

offsetting position

offshore financial centre offshore fund

offshore profit regrouping

offshore swap

OMnet Application Programming Interface(OAPI)

OMnet

omnibus account

omnibus client account

on-floor order


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on-floor terminal

on-going obligation

on-line interface

on-line investment service

On-line Trading Working GroupSFC

on-market rules

Online CCASS Shareholding Disclosure Service CCASS

online trading

online transfer

open allocation sessionHKATS HKATS

open contract open gateway

open interest

open market operations

open offer

open order

open outcry= auction *

=

open outcry trading

open position

open short position

open-end fund

opening contract

opening price

opening quotations rules

opening stock

opening transaction

Operating Guide for Investor Participants

operating lease //

Operation Procedures for Stamp Duty Collection

Operational Clearing Procedures for OptionsTrading Exchange Participants

operational risk


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Operational Trading Procedures for Options

Trading Exchange Participants

Optical Ethernet

option

option buyer

option class

option contract

option holder

option position

option pricing model

option seller

option series

option valuation

option writer

optional registration service

Options Broker Exchange Participant

Options Clearing Officer

Options Clearing Officer Examination

Options Clearing Rules

Options Clients Agreement

options delivery instruction

options digital datafeed

Options Exchange Participant

Options Information Service

options tariff

options trade confirmation

Options Trading Exchange Participant

Options Trading Officer

Options Trading Officer and RepresentativeExaminations

Options Trading Representative

Options Trading Rules

order

order at discretion


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order book

Order Consideration Limit

order-driven

order entry

order form

order input period

order instruction

order matching

order matching period

order routing

Order Routing System (ORS) order throughput rate

ordinary share

OTC Bulletin BoardUS

out-of-the-money *

out-of-the-money option

outliers

output VAT

outstanding contingent liabilities

outstanding loan

outstanding order

outstanding stock //

over-allotment option

*

over-allotment option scheme

over-the-counter (OTC)

over-the-counter derivative

over-the-counter market

over-the-counter option

overall position

overbooked

overbought

overnight liquiditybanking

Overnight Report DistributionCCASS


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overnight trade

overseas issuer

overseas listed foreign shareMainland China

oversold

oversubscribed

overtrading



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P

Paif see ABF Pan Asia Bond Index FundPASLA see Pan Asian Securities Lending Association

PBC see Peoples Bank of China

PCS see Provisional Clearing Statement

P/E see price / earnings ratio

PECC see Pacific Economic Cooperation Council

PIN see personal identification number

PIOB see Public Interest Oversight Board

PKI see Public Key Infrastructure

PMNC see Panel Member Nomination Committee

PNS see Proprietary Network System

POSIT see Portfolio System for Institutional Traders

Australia

PPP see purchasing power parity

PriME see Portfolio Risk Margining System of HKEx

PSE see Pacific Stock Exchange

PSS see Participant Supplied System

PvP see payment vs paymentbanking

P chip

PABX Telephone System

Pacific Economic Cooperation Council (PECC)

Pacific Stock Exchange (PSE)

Pacific-Basin Capital Markets Research Center

paid-up capital; paid-in capital

painting the tape

Pan Asian Securities Lending Association(PASLA)

Panel Member Nomination Committee (PMNC)

paper gold

paper intensive settlement

paperless trading

paper-to-paper arrangement


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par value

parallel trading

parent company

parityoptions

parity value

partially filled order

Participant Access Servicesfutures

Participant Email System

Participant Financial Resources Surveillance

System

Participant gateway

Participant Shareholding Report

Participant Supplied System (PSS)

Particular TransferMainland China

partly-paid share

payment vs payment (PvP)banking

payoff

payoff diagram

payoff period Payout-Protection Ruleoptions

pegged exchange rate

pegged rate system

penny stock

pension fund *

People's Bank of China (PBC)

per capita gross domestic product

per capita gross national product

period of solicitation

perpetual bond

personal account dealing guidelines

personal identification number (PIN)

phishing

physical delivery

physical inventory


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physical market

physical price

physical scrip

Pilot Program for Direct Foreign Portfolio

Investments by Domestic Individuals

Pink SheetsUS

pit

pit trading

placee

placing

placing agent

placing and top-up

placing guidelines

placing order

plain vanilla bond

plain vanilla warrant

pledge

plus tick

Policy Paper on Securities and Futures MarketReform, A

port connection fee

portfolio

Portfolio Analyseroptions

portfolio manager

Portfolio Risk Margining System of HKEx

(PRiME)

Portfolio System for Institutional Traders (POSIT)

Australia

position

position adjustment

position limit

position limit ratio

position ratio

position risk adjustment

position squaring


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position tradercommodity market

post-listing acquisition

post-trade transaction

power of attorney

power of sanction

Practice NoteListing Rules

PRC issuer

predatortakeover

Predefined Futures Calendar Spreads

pre-emptive right

preference / preferred share preferred ordinary share

Pre-market Opening Mechanismfutures

pre-market opening session

pre-open allocation sessionHKATS HKATS

premium

premiumfutures

premiumoptions *

premium turnover

pre-order matching period

Preparatory Board

prescribed percentage

previous closing price

price cheating

price discovery

price manipulation

price ramping

Price Reporting Systemfutures

price spread

price / earnings ratio (P/E)

price-sensitive information

price-to-book ratio *

pricing model

primary listing


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Primary Market Database

primary market *

primary sponsor

principal account

principal supervisorGEM

principle of best execution

Priority Construction TreasuryMainland China

private equity fund *

private fibre optical circuit

private placing

privately-offered fund *

privatisation

privileged user

pro forma fully diluted price / earnings ratio

pro forma statement

Process Review Panel

Professional Course for Equity Options

Practitioners

profit

profit and loss account

profit forecast

profits attributable to shareholders

programme trading

project finance

Project on the Use of Plain Language

promoter

Proof of Concept

property gains tax

property valuer

proposed director

proprietary account

Proprietary Network System (PNS)

proprietary routing terminal


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proprietary trading

proprietary trading system

prospectus

*

Protection of Investors Ordinance

Provident Fund Scheme

provision

provisionaccounting

provision for bad and doubtful debts

Provisional Clearing Statement (PCS)

provisional letter of allotment

provisional liquidator

proxy form

prudence

public address system

public censure

Public Debt (Inflation-Linked Subsidy) Treasury

Mainland China

public float public float capitalisation

public interest

Public Interest Director

Public Interest Oversight Board (PIOB)

Public Key Infrastructure (PKI)

public shareMainland China

Public Shareholders GroupSFC

Public Viewing Room

purchasing power parity (PPP)

put option *

put warrant

put writer



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Q

QDII see Qualified Domestic Institutional InvestorQFII see Qualified Foreign Institutional Investor

qualification share

Qualified Domestic Institutional Investor (QDII)

Qualified Foreign Institutional Investor (QFII)

qualified opinion

Quick Reference GuideAMS quiet trading

quotation broker *

quotation order *

quotation rules

quote

quote maintenance report

quote request

quote-driven



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R

Range ELI see Range Equity Linked InstrumentRDDS see Realtime Digital Data Service

REIT see real estate investment trust

repo see repurchase agreement

RFQ see request for quote

RIQ see Recognised Industry Qualifications

RSI see Relative Strength Indicator

RTGS see Real Time Gross Settlement System

HKMA

raidertakeover

rally

ramping

random assignment

Range Equity Linked Instrument (Range ELI)

ranking liabilities

rat trading

rate of return

real estate investment trust (REIT)

real exchange rate

real time calculation

Real Time Gross Settlement system (RTGS)

HKMA

real time information realisation

Realtime Digital Data Service (RDDS)

realtime digital datafeed

rebate

recapitalisation

receiving agent

receiving bank

Recognised Industry Qualifications (RIQ)


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reconciliation

recoverable VAT

red chip

redeemable share

redemption **

rediscount

regional index call warrant

register of members

registered certificate

registered dealer

registered financier registered firm

registered intermediary

registered owner

registered securities

registered shareholder

Registered Trader

Registered TreasuryMainland China

registrar

Registrar of Companies

registration and transfer fee

regulated short selling

regulation

regulatory arbitrage

regulatory body

regulatory regime

rejected sales

Rejection Letter

related company

related party transaction

related person

relationship of put-call parity

relative return

Relative Strength Indicator (RSI)


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rematerialisation

Remote Access Client

Remote Exchange Participant

remote trading access

remuneration package

reorganisation

replacement cost

re-pledging

Report on Financial Market Review

reporting accountant

reporting period reprimand

repurchase

repurchase agreement (repo)

request for proposal

request for quote (RFQ)options

required rate of return

reserve

reserve fund

response time

responsibility letter

responsibility statement

restatement of accounts

restricted licence bank

restriction notice

results announcement

resumption of trading

retail broker

retail information service

retail investor

retained capital

retained earnings; retained income

retained profits

retention interest


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return on equity

revaluation

reversal contractoptions

reverse convertibles

reverse takeover

revised short selling scheme

rights issue *

risk array algorithm

risk array margining system

risk array method

risk control risk disclosure

Risk Disclosure StatementGEM

risk evaluation

risk identification

risk management

Risk Management Committee

risk parameter

risk tolerance

risk-free interest rate

roadshow

Rolling Forex

roll-over

round lot

round trip option transaction

round-lot-plus order

router system

Rules Governing the Listing of Securities on the

Growth Enterprise Market of the Stock

Exchange of Hong Kong Limited (GEM ListingRules)

Rules Governing the Listing of Securities on the

Stock Exchange of Hong Kong Limited (Main

Board Listing Rules)

Rules of the Exchange


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runner

rural credit cooperative Mainland China



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S

SAAC see Securities Analysts Association of China

SAC see Securities Association of China, The

SAFE see State Administration of Foreign Exchange

Mainland China

SASAC see State-owned Assets Supervision and

Administration Commission

SBLA see securities borrowing and lending agreement

SCCLR see Standing Committee on Company Law

Reform

SCEFI see Steering Committee on the Enhancement of

Financial Infrastructure, The

SCORE see Stock Options Reference Educator

SCP see Self Clearing Participant

SEAQ see Stock Exchange Automated Quotations

SystemUK

SEAQI see Stock Exchange Automated Quotations

System for International EquitiesUK

SEATS see Stock Exchange Alternative Trading Service

UK

SEC see Securities and Exchange CommissionUS

SEHK see Stock Exchange of Hong Kong Limited, The

SEIS see Stock Exchange Information Services

Limited

SEOCH see SEHK Options Clearing House Limited, The

SESDAQ see Stock Exchange of Singapore Dealing andAutomated Quotation System

SFAT see Securities and Futures Appeals Tribunal

SFC see Securities and Futures Commission, The

SGX see Singapore Exchange

SI see settlement instruction

SIMart see Simulated Investment Market

SIB see Securities and Investment BoardUK

SMARTS see Securities Markets Automated ResearchTraining & Surveillance

SME Board see Small and Medium Enterprise Board

Shenzhen Stock Exchange


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SMFP see share margin finance provider

SOES see Small Order Entry System / Small Order

Execution SystemUS

SPAN see Standard Portfolio Analysis of Risk

SPDR see Standard & Poors Depositary Receipt

SRN see Shareholder Reference Number

SSAP see Statement of Standard Accounting Practice

STAQS see Securities Trading Automated Quotation

SystemMainland China

SWIFT see Society for Worldwide Interbank Financial

Telecommunications

S&P / HKEx Composite /

S&P / HKEx GEM /

S&P / HKEx LargeCap /

S&P / HK

glossary of securities and financial terms(traditional chinese)

Documents