VRDN/VRCD

Variable-Rate Demand Note/Variable-Rate Certificate of Deposit – a financial instrument with a fixed term and an interest rate that fluctuates over time, based on a range of market figures (such as the CPI and the prime rate).

VIX

The ticker symbol for the Chicago Board Options Exchange’s CBOE Volatility Index, colloquially often referred to as a ‘fear index’, which is a widely used measure of the stock market’s expectation of volatility based on S&P 500 index...

UN SDGs

United Nations Sustainable Development Goals – set up in 2015 by the United Nations General Assembly and intended to be achieved by 2030, the UN SDGs are a collection of 17 interlinked global goals designed to be a “blueprint to achieve a better and more...

UN PRI

United Nations Principles for Responsible Investment – a voluntary and aspirational set of six investment principles, often referenced as “the Principles”, to which companies can support as a signatory and which aim to incorporate ESG issues into...

Tri-party agent

Acting as a neutral party, the tri-party agent facilitates the flows of securities and cash between two counterparties. The tri-party agent is also responsible for intra-day valuation and margining of collateral, ensuring that there are sufficient securities in the...

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