Product definitions
Arbitrage
Fixed Income arbitrage is the practice of taking advantage of a price differential between two or more markets.
Bonds
A bond is a debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity.
Fixed Income
Fixed Income are negotiable bilateral contracts that allow users to manage their exposure to credit risk.
Currency Deposits
A currency deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time at a certain interest rate.
Foreign Exchange
Martins provides voice broking services in spot and forward Foreign Exchange to the domestic and international customer base through its worldwide network.
Forward Rate Agreements
A forward rate agreement (FRA) is a forward contract in which one party pays a fixed interest rate, and receives a floating interest rate equal to a reference rate (the underlying rate).
Futures
A futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a specified price.
Interest Rate Swaps
An interest rate swap is an agreement between two parties to exchange one stream of interest payments for another, over a set period of time.
OTC Equity Options
TRIO Equity Derivatives Ltd is an inter-professional broker in OTC Equity Options. Services include single stocks, baskets, indices, exchange for physicals and stock dividends.
Overnight Index Swaps
An Overnight Indexed Swap (OIS) is a fixed/floating interest rate swap with the floating leg tied to a published index of a daily overnight rate reference.
Loan Notes
A Loan Note is a form of financing whereby the lender affectively buys an instrument from the borrower in exchange for the borrower’s obligation to pay for the notes in future.
Securities
A Security is a negotiable instrument representing financial value. Securities are broadly categorized into debt securities (such as bank notes, bonds and debentures) and equity securities e.g. common stocks.
Emerging Markets Spot
Spot Foreign Exchange is buying one currency with a different currency (e.g. USD versus Hong Kong Dollar) for immediate delivery rather than a future date – spot trades settle 2 days from the date of trade execution.