Finance

What are the mountain range options? The mountain range options are a family of exotic options based on several underlyings securities. Mountain range options were first marketed by French securities firm Societe Generale in 1998. These options combine some of the key features of basket style Where rainbow options– both of which have more than … Read more

What is the Canada Pension Plan (CPP)? The Canada Pension Plan is one of the three tiers of the Canadian government’s retirement income system, which is responsible for providing retirement or disability benefits. The Canada Pension Plan was created in 1965 to provide a basic set of benefits to retirees and disabled contributors. If the … Read more

What is the business tax credit? Business tax credits are amounts that businesses can subtract from taxes owed to a government. Unlike deductions, which reduce taxable income, business tax credits are applied against taxes owed. Businesses apply the credits when they file their annual tax returns. In the United States, the Tax Service (IRS) oversees … Read more

What is a look-alike contract? Similar contracts are a cash-settled financial product based on the settlement price of a similar exchange-traded, physically-settled contract future contracts. Similar contracts are negotiated over-the-counter and carry no risk of physical delivery regardless of the terms of the underlying futures contract. Similar futures contracts are regulated by the Commodity Futures … Read more

What is a standstill agreement? A standstill agreement is a contract that contains provisions that govern how a bidder of a company can buy, sell or vote shares of the target company. A standstill agreement can effectively block or halt the process of a Hostile takeover if the parties cannot negotiate a friendly agreement. The … Read more

The Secondary Market Corporate Credit Facility (SMCCF) was a special purpose vehicle (SPV) launched by the Federal Reserve on March 23, 2020, to support the corporate bond market in the face of the COVID-19 crisis. The SMCCF bought us investment grade corporate bonds and Bond ETFs in the secondary market. The idea was that banks … Read more

The benefits explained Competitive interest rates – Savers looking for a high interest rate on their savings account and certificates of deposit (CD) will find them with Barclays. No monthly fees or minimum opening deposit requirements – Barclays does not require a minimum deposit when opening a new savings account or CD. There are also … Read more

The Primary Market Corporate Credit Facility (PMCCF) was a special purpose vehicle (SPV) created on March 23, 2020 by the Federal Reserve designed to maintain credit flow to large employers in the face of the COVID-19 crisis. The Fed lent money to the SPV, which made loans to investment grade companies and bought corporate bonds … Read more