Platform Glossary
A
Access
Access refers to the permission granted to users to enter a platform and interact with specific data or features, allowing them to view, modify, or manage information.
Account
An account is a record storing information about a natural or legal person who is a client of an organization and is set to receive a service in the future. If the client is a legal entity, the natural person requesting the service is recorded as the Ultimate Beneficial Owner (UBO) to ensure compliance with regulatory requirements.
Account Management
Account management involves overseeing both client or proprietary accounts, including tasks like account creation, maintenance, and ongoing monitoring.
Accrued
Accrued is the accumulated coupon income on a fixed income instruments. For instance, if a company earns interest on a bond but has not yet been paid, the interest is considered accrued until the payment is made.
Action Date
The action date marks the point when a corporate action officially takes effect.
Adjustment Day
Adjustment day refers to the number of days before an action date that historical prices should be adjusted.
Agreement
An agreement is a formal contract that defines the terms and expectations between parties, usually related to services, transactions, or asset management.
Alternative Asset
Alternative assets are investments outside traditional asset classes like stocks and bonds, typically offering higher returns and diversification with lower liquidity. These may include private equity, hedge funds, and real estate..
Announcement Date
The announcement date refers to the day a corporate action is made public or disclosed to shareholders.
API (Application Programming Interface)
An API is a set of protocols that allows platform applications to interact with financial services and third-party platforms.
Asset
An asset is a valuable resource owned or controlled by an individual or entity that generates income or provides future benefits such as cash, property, stocks, and intellectual property.
Asset Allocation
Asset allocation is the process of distributing funds across various asset classes to optimize returns while managing risk, though it doesn’t guarantee protection against losses.
Asset Class
An asset class is a category of investments that share similar characteristics and behave similarly in the marketplace.
Asset Management
Asset management is the professional management of a client’s financial assets, such as stocks, bonds, and real estate, with the goal of generating returns.
Assets Under Management (AUM)
AUM refers to the total market value of investments managed by a financial entity or professional on behalf of clients, representing the scale of assets under management.
Assimilation
Assimilation within the platform is referred to a process in which newly issued securities are merged with existing securities of the same type, resulting in a single fungible security. Assimilation is commonly used in bond markets and corporate actions to consolidate multiple issuances into a uniform security.
Automated Execution
Automated execution allows the platform to automatically submit and complete orders without manual input, ensuring streamlined and efficient processing.
Authorized Person
An authorized person is an individual granted permission to view or manage a client’s investment portfolio, based on predefined access rights.
B
Bank Account
A bank account is an account held by a bank or custodian, where a client’s funds and securities are deposited and managed for investment purposes. Virtual bank accounts, however, are not held by a bank, they exist only within the platform and are used for internal management of transactions or investments without being linked to a physical banking institution.
Beneficiary
A beneficiary is a person or entity that receives benefits or assets from something, such as from annuity, trust or will.
BIC Code (Bank Identifier Code)
A BIC code is a standard international identifier for financial institutions, used to simplify the identification of banks during international transactions.
Bond
A bond is a fixed-income investment where an investor lends money to an entity (typically corporate or government), and the entity borrows the funds for a set period at a variable or fixed interest rate.
Bond Redemption
Bond redemption is the act of redeeming a bond, where the issuer repays the bondholder the principal amount before or at maturity.
Broker
A broker is an intermediary who facilitates the buying and selling of financial securities between buyers and sellers. In addition to securities transactions, brokers may also handle cash operations, managing cash flows, deposits, withdrawals, and other financial activities related to client accounts, often within the platform.
Buy
A buy refers to a transaction where an asset or security is purchased, increasing the holding quantity within a portfolio.
Blocked
Blocked refers to an internal action taken to restrict the movement or use of securities or cash within the platform.
C
Cash
Cash refers to a legal tender—currency or coins—that can be used to exchange goods, debt, or services.
Cash Compensation
Cash compensation refers to the payment made for fractional shares in cash.
Certificate
A certificate is an asset type on the platform and a financial document that represents ownership of an asset or investment product. It serves as proof of the holder's entitlement to the underlying asset or investment.
CFI Code
A CFI code is a unique identifier used to classify financial instruments based on their characteristics.
CIF License Number
A CIF license number is a unique identifier for a financial institution or company holding a CIF (Customer Information File) license.
Client
A client is a natural person who has access to the information or assets of an investment portfolio. This could be the individual with whom a management agreement is concluded (in the case of an agreement with a natural person), or a person granted access to the assets of a legal entity. Complex structures are allowed, where multiple clients can be linked to a single account.
For Instance:
Account:John Smith (Natural Person)
Client 1: John Smith
Client 2: Jane Smith (John Smith has granted access to his investment portfolio to his wife). is an individual or entity that accesses and manages their investment portfolio on the platform.
Client Portfolio
A client portfolio is a portfolio representing an individual client’s investments, allowing asset management on their behalf.
Client Report
A client report is a group of reports in the platform that is generated for clients, detailing portfolio performance, transaction history, and financial insights.
Client Valuation Report
A client valuation report provides a comprehensive overview of the client’s portfolio valuation, including asset prices, market value, position and transaction details.
Commodities
Commodities are physical goods, such as metals, energy resources, or agricultural products, traded for investment purposes.
Common Order
A common order is a type of order that represents a request for the execution of a security transaction under specific conditions.
Commission
A commission is a fee paid to an intermediary, such as a broker or bank, for facilitating a transaction or trade.
Company
A company is a legal entity, such as a brokerage firm or asset management company, offering financial services to clients.
Company Account
A company account is a corporate account for proprietary trading (PROP) or an OMNIBUS consolidating multiple client investments.
Company Holding
A company holding refers to a group of related companies operating under a single parent structure.
Company Portfolio
A portfolio managed by the company itself, consisting of proprietary trading assets or omnibus accounts.
Company Report
A company report is a group of reports created for companies summarizing financial performance, key metrics, and regulatory compliance information.
Compensation
Compensation refers to a payment or reward given for services or as part of a contractual agreement.
Consent
Consent refers to a formal agreement or permission for a particular action, often in corporate governance or investment decisions.
Consolidated Portfolio
A consolidated portfolio is a master portfolio grouping multiple client portfolios for centralized management.
Connectors
Connectors refers to integrations within the platform that enable seamless data exchange between the platform and external custodians or banks.
Corporate Actions
Corporate actions refer to events initiated by a corporation affecting its securities, such as mergers, stock splits, and dividends.
Corporate Bond
A corporate bond is a debt security issued by a corporation, promising periodic interest payments and principal repayment at maturity. For instance, a company issues a 10-year corporate bond with a 5% annual interest rate, where investors receive yearly interest payments and the principal is repaid at the end of the 10-year term.
Coupon Projection
Coupon projection refers to a report containing a list of future payments for bonds related to the selected client bank account over a specified period.
Counterparty
A counterparty is an entity involved in a financial transaction, representing the opposite side of a trade or agreement.
Counterparty Trade
A counterparty trade is a trade conducted between two entities, where each acts as the counterparty in the transaction.
Country of Risk
A country of risk refers to the country where the risk associated with a particular investment resides, considering political, economic, or currency factors.
Coupon
A coupon refers to a periodic interest payment made to bondholders, typically on an annual or semi-annual basis.
Coupon Barrier
A coupon barrier refers to a specified level or condition that must be met for a bond or structured product to pay out its coupon.
Coupon Date
A coupon date refers to the specific date when a bond's coupon payment is made to bondholders.
Credit
Credit refers to an amount of funds or a loan extended to a borrower or account holder.
Crypto
Crypto refers to a digital or virtual currency, like Bitcoin or Ethereum, secured with cryptography and operating on decentralized networks.
CSV File
A CSV file refers to a Comma-Separated Values file storing tabular data, used for data import/export.
Custody
Custody refers to the safeguarding of financial assets or securities by a third-party institution or custodian.
Custody Fee
A custody fee refers to a commission charged by the company for the administration, safekeeping, and record-keeping of a client's portfolio assets, including the handling of transactions.
Custodian
A custodian is an entity responsible for safeguarding and managing client assets, ensuring record-keeping, and facilitating settlements.
CySEC Reportable
CySEC reportable refers to transactions or entities that must be reported to the Cyprus Securities and Exchange Commission (CySEC).
D
Debit
A debit is a transaction that decreases the balance of an account, typically involving withdrawals or expenses.
Decrease Close Deposit
A decrease close deposit refers to an action taken to reduce or close a deposit account, recording the relevant details.
Decrypt Data
Decrypting data is the process of converting encrypted information back into a readable format, typically for security or access purposes.
Deposit
A deposit is a sum of money placed in the bank, typically earning interest over time.
Derivative
A derivative is a financial contract whose value is based on the performance of an underlying asset, such as stocks, bonds, or commodities.
Direct Market Access (DMA)
Direct Market Access (DMA) allows traders to directly place orders on a market exchange.
Dividend
A dividend is a payment made to shareholders from a company's profits, typically in the form of cash or additional shares. For instance, if a company declares a cash dividend of $2 per share, a shareholder with 100 shares will receive $200 in cash as a dividend payment.
DVP (Delivery Versus Payment)
DVP refers to a settlement method where securities are delivered only after payment has been made, reducing counterparty risk.
E
EMIR Reportable
EMIR reportable refers to transactions that must be reported in compliance with the European Market Infrastructure Regulation (EMIR) for risk reduction in derivatives markets.
Entity
An entity is a legal or business organization, such as a company or financial institution, that engages in financial activities.
Entity Account
An entity account is an account belonging to a legal entity, such as a corporation or other business organization.
Equity
Equity refers to the ownership interest held by shareholders in a company, representing their stake in the company’s assets after liabilities are accounted for. For instance, in a company, if the total assets are valued at $10 million and the liabilities are $4 million, the equity would be $6 million. If a shareholder owns 10% of the company, their equity stake would be worth $600,000.
Error Transaction
An error transaction is a financial transaction that fails or encounters an issue during processing, requiring correction or investigation.
Exchange Fee
An exchange fee is a charge incurred when transferring assets within the same fund group or when using exchange-traded products.
Exchange-Traded Fund (ETF)
An ETF is an investment fund that tracks a specific index, commodity, or asset class, and is traded on stock exchanges like individual stocks.
Execution
Execution refers to the process of completing order, where all types of orders are fulfilled on a platform.
Execution Fee
An execution fee is a charge applied for processing a trade or transaction, often based on the transaction’s value or complexity.
Exchange Of Security
An exchange of security is the process of swapping one type of security for another, often occurring during corporate actions like mergers or acquisitions.
Exchange-Traded Fund (EFT)
EFT refers to the digital transfer of funds between accounts, allowing for quick and secure transactions without physical currency.
Export
Export refers to transferring data from a platform to an external system or file format (e.g., CSV, Excel) for further processing or reporting. In context to our platform, data is exported exclusively to the user's system in Excel format.
Expire Option
Expire option refers to the process that marks the expiration of an option contract when it is not exercised within its validity period. For instance, if an investor holds a call option that expires on Friday and does not exercise it by that day, the option expires worthless, and the investor loses the premium paid for the option.
Exercise Option
Exercise option refers to the process where the holder of an option chooses to buy or sell the underlying asset at the agreed-upon price before the option expires. For instance, if an investor holds a call option with a strike price of $50 and the stock price rises to $60, the investor may choose to exercise the option and buy the stock at $50, making a profit of $10 per share.
External Asset Management
External Asset Management refers to a third-party managing a client’s investment accounts while the client retains overall control and access.
External Search
External Search refers to retrieving financial data from external platforms or third-party providers, offering broader market insights.
F
Family Office
A family office is a private wealth management firm that provides services such as investment management, estate planning, and financial advisory for ultra-high-net-worth families.
FATF High Risk
FATF high risk refers to countries or regions deemed by the Financial Action Task Force (FATF) to have a high potential for money laundering or terrorist financing.
Fee
A fee is a charge for services, transactions, or account maintenance, typically deducted from an investment account.
Fixed Income
Fixed income refers to investments that provide regular, predictable returns, such as bonds or other debt securities.
Financial Institution
A financial institution is an organization that offers financial services, such as banks, insurance companies, or investment firms.
Fraction Handling Method
The fraction handling method is used to manage fractional shares resulting from corporate actions or dividends, typically through rounding or cash adjustments.
Forward Split
A forward split is a corporate action in which a company issues additional shares to existing shareholders, increasing the total number of shares held.
Fund
A fund is a pooled investment vehicle that collects capital from multiple investors to invest in various asset classes, such as equities, bonds, or commodities.
Futures
Futures are standardized contracts that obligate the buyer to purchase, or the seller to sell, an asset at a predetermined price and date, often used for speculation or hedging.
FX (Foreign Exchange)
FX refers to the global marketplace for buying and selling currencies, where exchange rates fluctuate based on market conditions.
FX Product
An FX product is a financial instrument related to foreign exchange trading, such as currency swaps, forward contracts, or spot transactions.
G
Geared Put
A geared put is an option strategy that combines a standard put option with leverage, enabling greater exposure to price decreases in the underlying asset. The use of leverage amplifies potential gains and losses relative to price movements.
Granted Loan
A granted loan is a loan provided by a financial institution or private entity under specific terms and conditions.
Gross Amount
Gross amount refers to the total value of a transaction before deductions such as fees, taxes, or commissions. For instance, if a product is sold for $1,000, the gross amount is $1,000 before accounting for sales tax, shipping fees, or any other charges.
Global Allocation
Global allocations refer to the distribution of investments across multiple regions or markets, aimed at enhancing portfolio diversification and managing risk.
H
Handle Fee
A handle fee is a fee related to the handling or processing of securities, transactions, or accounts.
Hedge Fund
A hedge fund is a private investment fund that employs high-risk strategies, such as leverage and derivatives, to achieve potentially high returns.
High-Risk Third Country
A high-risk third country refers to a nation identified by organizations such as FATF for having weak regulations against money laundering and terrorist financing.
High Water Mark Date
The high water mark date refers to the point at which an investment or portfolio reaches its highest recorded value, which is used for performance tracking and fee calculations.
High Water Mark Value
The high water mark value is the peak value attained by a portfolio, used as a reference point for performance measurement and investor fee structures.
Historical Risk
Historical risk measures the portfolio volatility over time, showing how market conditions and risk factors have influenced past performance.
I
Income
Income refers to earnings received from investments, such as dividends, interest, or other cash inflows credited to a portfolio.
Index
An index is an average of the prices of a hypothetical basket of securities representing a particular market or portion of a market. Among the most well known are the Dow Jones Industrials Index, or the Dow; the Standard & Poor’s 500 Index, or the S&P 500; and the Russell 2000 Index. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index.
Individual Account
An individual account is an account that is owned and managed by a single individual, rather than a business entity.
Increase Deposit
An increase deposit refers to the action of adding funds to an existing deposit, thereby increasing its value. This process involves inputting the details of the additional amount being deposited into the account or deposit.
Internal Search
An internal search is a function within the platform, specifically for Instruments, that allows users to search and find specific instruments.
Import
Import refers to the process of bringing data from an external system (e.g., CSV, Excel) into a platform for further analysis or processing.
Intangible Asset
An intangible asset is a non-physical asset such as patents, trademarks, copyrights, or intellectual property.
Interest
Interest refers to the cost of borrowing money or the return on investment, expressed as a percentage of the principal. It can be calculated as simple or compound interest and plays a key role in debt management and investment growth.
Interest Rate
The interest rate is the percentage charged to borrow money, calculated annually as a percentage of the loan amount.
Instrument
An instrument is a tradable financial or private asset that holds economic value. This includes cash, stocks, bonds, options, futures, and other securities used for investment, trading and
ISIN (International Securities Identifying Number)
The ISIN is a 12-character code used to uniquely identify financial instruments, such as stocks or bonds.
IP Address
An IP address is a unique numerical identifier assigned to devices or computers that connect to a network.
In Flow
In flow refers to the movement of funds or assets into an account or portfolio, representing a deposit or incoming payment.
IBAN (International Bank Account Number)
An IBAN is a globally recognized bank account identifier that simplifies international transactions and reduces errors.
ID
An ID is a unique identifier assigned to a specific entity, transaction, or other object within a platform for tracking and management purposes.
Invoice
An invoice is a document requesting payment for products or services rendered.
Incentive
An incentive is a reward or benefit designed to encourage specific behaviors or achievements, often in the form of performance-based pay.
Initial Public Offering (IPO)
An IPO is a company's first public stock offering, where shares are sold to the public, typically through investment banks.
Internal Asset Management
Internal asset management refers to a management structure where a company opens a sub-account for a client within its own omnibus account.
Internal Transfer
An internal transfer refers to the transfer of securities between accounts within the same portfolio, conducted internally without involving external entities.
Internal Payment
Internal payment refers to the transfer of cash between accounts within the same portfolio, typically conducted within an organization or client portfolio.
Investment Profile
An investment profile defines an investor's preferences, risk tolerance, and goals, guiding investment decisions and portfolio management.
K
Know Your Customer (KYC)
KYC is a regulatory process that requires financial institutions to verify the identity of their clients before providing services.
L
Lead
A lead refers to a prospective client or individual who has shown interest in a company's financial services.
Loan
A loan is borrowed capital that must be repaid with interest. It is typically provided by banks or private lenders under agreed terms.
Limit Order
A limit order is an order to buy or sell a security at a specified price or better. This ensures that a buyer pays no more than a pre-determined price for a security.
Liquidity
Liquidity refers to how quickly and easily an asset or security can be bought or sold in the market without significantly affecting its price.
LEI (Legal Entity Identifier)
LEI is a unique global identifier assigned to legal entities that participate in financial markets. It helps increase transparency and reduces risk in financial transactions.
M
Management Fee
A management fee is a charge applied by a company for managing a client's portfolio. It is typically calculated as a percentage of the assets under management.
Mandate
A mandate is a formal contract between a client and a service provider. It outlines the terms, conditions, and rates for the services to be provided.
Manual Execution
Manual execution involves the manual entry and submission of order details.
Marginal Trading
Marginal trading involves borrowing funds, not only from a broker but also potentially from other sources, to trade instruments.
Merger
A merger is the process of combining two companies into one. Shareholders of an acquired company may receive a tender offer to sell their shares to the acquiring company at a premium.
MiFIR (Markets in Financial Instruments Regulation)
MiFIR is a European Union regulation that enhances financial market transparency, improves efficiency, and protects investors. It sets rules for transaction reporting, market transparency, and trading obligations for financial instruments like stocks, derivatives, and bonds.
Multileg
A multileg attribute refers to a characteristic of a financial transaction that consists of multiple related trades executed together as a single structured order.
Market Place
A marketplace is within a platform and where investors can explore and purchase investment products or strategies.
Market Price
Market price refers to the current price at which an asset or security is bought or sold in the market. For instance, if a stock is listed at $50 per share on the stock exchange, the market price of that stock is $50. This is the price at which buyers and sellers are currently willing to transact.
Maturity
Maturity is the date when a debt security is due for repayment, at which point the principal amount is returned to the investor.
Matching
Matching refers to the mechanism that helps users to reconcile and confirm transaction received from the bank with data that was expected after execution of order.
Missing Instrument
A missing instrument is an asset or security that is not indicated in transaction data, due to absence in the platform Instruments list.
MWR (Money-Weighted Return)
MWR is a performance measure that considers the timing and amount of cash flows, giving more weight to larger or earlier investments.
N
Net Amount
Net amount refers to the remaining value after deductions, such as taxes, fees, and other costs, from the gross amount. For instance, if a company processes a transaction of $1,000 for a service, but after deducting a $100 service fee and $50 in taxes, the net amount that the company receives is $850.
Non-Trading Order
A non-trading order involves transactions that are not related to buying or selling securities, such as fund transfers or fee deductions.
Non-banking Asset
Non-banking assets are assets that are not held by traditional financial institutions, such as real estate, private equity, or commodities.
Nominee
A nominee is a person or entity that holds securities on behalf of another party, typically for administrative or legal purposes.
O
Omnibus Account
An omnibus account is a single account used to consolidate multiple client accounts, allowing for collective transactions while maintaining individual client records.
Omnibus Bank Account
An omnibus bank account consolidates client funds, ensuring individual asset tracking and segregation for reporting purposes.
Omnibus Portfolio
An omni portfolio consolidates multiple client assets under one omnibus account, streamlining asset management and improving operational efficiency.
Open Deposit
An open deposit is initiated to input details for opening a new deposit.
Option
Option are financial contracts that provide the holder the right (but not the obligation) to buy or sell an asset at a specified price within a designated timeframe.
Opportunity
The opportunity phase in financial service agreements focuses on assessing client needs and potential service offerings, forming the foundation for further actions.
Order
An order represents a client's intent to perform an operation on their portfolio. It can be categorized into various types, including trading, non-trading, common orders, and corporate action orders.
Order Initiator
The order initiator is the individual or entity responsible for placing an order within the financial system.
Order Transaction
An order transaction refers to a pending transaction generated by an order, which remains unsettled until confirmed by custodians.
Over-the-counter (OTC)
OTC refers to a decentralised market where securities are traded directly between parties without the use of a central exchange or intermediary.
Out Flow
Outflow is the movement of funds or assets out of an account, indicating a withdrawal or payment.
Off Custodian
Off custodian is a setting indicating that the custodian created in the platform lacks automated integration, meaning no position or transaction data is expected from that custodian.
P
PnL (Profit and Loss)
PnL is a financial statement reflecting the net result of an entity’s operations over a specific period, helping determine its profitability by showing revenues, costs, and expenses.
Partnership
A partnership is a contractual agreement where two or more individuals jointly manage and operate a business venture.
Performance
Performance refers to the gain or loss experienced by an investment or portfolio over a set period, reflecting its financial outcome.
Pending Approval
Pending approval indicates that an order is awaiting approval, typically from the Head of the Investment Department or the client.
Portfolio
A portfolio is a collection of investments, including assets like stocks, bonds, and cash, held by an investor or managed on their behalf.
Portfolio Currency
Portfolio currency is the default currency used to calculate metrics like position PNLs and portfolio-related diagrams.
Portfolio Management
Portfolio management involves the selection, monitoring, and optimization of investments to meet financial goals while managing risk.
Position
A position represents the amount of a security, asset, or property held (or sold short) by an individual or entity.
Prop Portfolio
A prop portfolio is designed to manage proprietary (company-owned) assets for trading or investment purposes.
Price Adjustment
Price adjustment reflects changes made to the historical price of an instrument, typically due to corporate actions such as stock splits.
Price Adjustment Factor
A price adjustment factor is a coefficient used to modify historical prices of an instrument following corporate actions.
Price Per Asset
Price per asset is the unit price calculated by dividing the total coupon amount by the quantity of assets.
Private Access
Private access is a setting restricting portfolio visibility, ensuring only authorized individuals have access to it.
Private Assets
Private assets are non-tradable assets held privately, such as private equity, real estate, or other investments not listed on public markets.
Private Equity
Private equity refers to investments in non-public companies or private assets, typically made by venture capital or private equity firms.
Product
A product is a financial offering created by asset management firms to manage investments and generate returns for clients.
Product Subscription Orders
Product subscription orders are requests to subscribe to or unsubscribe from investment products or strategies.
Profile
A profile defines user-specific permissions that govern access to financial records and platform modules.
PROP (Proprietary Trading)
Proprietary trading refers to a firm investing its own capital in securities, aiming to profit from market movements rather than executing client trades.
Prop Bank Account
A prop bank account is used to manage proprietary trading activities within a bank.
Position File
A position file is a document received from a custodian or broker detailing the securities and holdings within a portfolio, used for reconciliation and reporting.
Processing (Reprocessing)
Processing involves converting and ensuring the accurate capture of transaction and position data within the platform, including reprocessing for any necessary updates.
Payment
Payment is the transfer of money in exchange for goods, services, or investments.
Public Offer
A public offer involves making securities available for purchase by the public, often through a public offering.
Q
Quantity
Quantity refers to the total amount of assets or cash based on transactions either automatically generated from an order or received from the bank, reflecting the overall holdings in a portfolio.
R
Ratio From
The original ratio of shares before a corporate action (e.g., in a stock split, the number of shares initially held by a shareholder).
Ratio To
The new ratio after the corporate action is completed.
Redemption Fee
A commission charged by the company if a client withdraws money from the portfolio before a certain period or if the portfolio value falls below a required minimum investment threshold.
Recommendation
An investment suggestion for purchasing assets, typically with no interdependencies between them.
Retail
A classification that indicates if the account is designed for individual consumers, as opposed to businesses or institutional investors. Retail accounts are typically intended for personal investment and offer products and services tailored to non-professional investors.
Role
A role defines a user’s access levels and roles, determining what actions they can take on the platform.
Reconciliation
A process of comparing custody data with platform data to ensure accuracy in transactions and positions.
Reverse Split
A corporate action which consolidates the number of existing shares into fewer, more expensive shares. Also dependent on the specified ratio. For instance, if a company announces a 1-for-5 reverse split, an investor with 100 shares priced at $2 each would receive 20 shares priced at $10 each. The total investment value remains the same, but the number of shares is reduced.
Revenue
The amount a company generates from its business activities before deducting expenses or taxes.
Reverse Stock Split
A corporate action that reduces the number of shares while increasing the share price proportionally. For instance, in a 1-for-10 reverse stock split, an investor with 1000 shares at $1 each would receive 100 shares priced at $10 each. The total investment value remains unchanged at $1,000, but the number of shares held is reduced.
Repo (Repurchase Agreement)
A short-term loan in which securities are sold and later repurchased at a higher price.
Report
A collection of regulatory and performance-related documents that provide detailed insights into a client’s portfolio, compliance status, or eligibility for certain investments. In our platform, we have several types of reports.
Reprocessing
A function that converts custody transaction and position data into the platform’s internal format.
Risk
The possibility of an investment yielding lower returns or being lost entirely.
Risk Profile
An evaluation of an investor’s risk tolerance and financial goals, used to select appropriate investment strategies.
Risk Monitor
A tool that tracks, analyzes, and manages risks within an investment portfolio.
Round Down
Rounds down fractional shares to the previous whole number. For instance, if an investor is entitled to 5.7 shares, rounding down would give them 5 shares.
Round Up
Rounds up fractional shares to the next whole number. For instance, if an investor is entitled to 5.3 shares, rounding up would give them 6 shares.
Role
A user’s function within a company, defining their responsibilities and access.
Reversal
A transaction that cancels or corrects a previous one.
Reverse Split
A corporate action where a company consolidates its shares, reducing the total number while increasing their individual value, without affecting overall market value. For instance, in a 1-for-5 reverse split, an investor with 1000 shares priced at $2 each would receive 200 shares priced at $10 each. The total market value remains the same, but the number of shares held is reduced.
Recipient
The entity or space where an order is generated and execution details are communicated.
Refresh Data
The process of updating records with the most recent transaction or instrument data.
Raw Positions
The positions received directly from the Custodian and stored in the platform without any modification. These represent the unaltered holdings of securities or cash on a client's bank account as provided by the Custodian.
Reconciliation
The process of ensuring accuracy by comparing financial data from multiple sources.
Risk & Compliance
A tool designed to manage risks and ensure regulatory adherence within portfolios.
S
Sell
A sell transaction involves the disposition of an asset or security, resulting in a decrease in the holding quantity within a portfolio.
Subscribe
To subscribe means to enroll or sign up for a service, involving recurring payments for ongoing access to the platform or strategy.
Success Fee
A success fee is a commission based on the return generated by a portfolio over a specific period. It is generally calculated as a percentage of the profits earned by the portfolio.
Stock
A stock represents an equity investment in a company, granting the holder a share of the company’s earnings and certain rights, such as voting rights in shareholder meetings.
Stock Split
A stock split is a corporate action that increases the number of shares in circulation by issuing additional shares to current shareholders, while adjusting the share price proportionally. For instance, in a 2-for-1 stock split, a shareholder who owns 100 shares at $50 per share will now own 200 shares at $25 per share. While the number of shares doubles, the total investment value remains the same at $5,000.
Standard Bank Account
A standard bank account is an account held by a client at a custodian institution, used for managing various financial transactions.
Strategy
An investment strategy is a defined approach focused on a particular sector or asset class, with predetermined allocations made upon subscription.
SP (Special Purpose Entity)
A special purpose entity (SP) is a legal structure created for a specific investment purpose, such as a special purpose vehicle (SPV), often used in structured financing deals.
Sender
The sender is the entity or platform from which an order is created and submitted for execution, initiating the transaction process.
Settled Quantity
Settled quantity refers to the number of positions in a portfolio that have been fully settled after receiving final transaction confirmation.
Sector
A sector refers to the grouping of assets in a portfolio based on industry or market sector, with volatility influenced by sector-specific factors, measured over a defined time period and currency.
Spin-Off
A spin-off is a corporate action where a company creates a new independent entity by distributing shares of the new entity to existing shareholders. This process often aims to unlock value or focus on core operations. For instance, if a company spins off its subsidiary into a separate entity, shareholders of the parent company will receive shares of the new entity in proportion to their holdings.
Split
A stock split is a corporate action where a company divides its existing shares into a greater number of shares, reducing the value of each share while keeping the overall value constant. For instance, in a 2-for-1 stock split, an investor with 100 shares priced at $10 each would receive 200 shares priced at $5 each, but the total value remains the same at $1,000.
Split & ISIN Change
A Split & ISIN Change occurs when the International Securities Identification Number (ISIN) of a stock changes as a result of a stock split. For instance, after a 2-for-1 stock split, the ISIN associated with the stock may change to reflect the increased number of shares and the adjusted value per share.
T
Tangible Asset
Tangible asset are physical items like real estate, machinery, or art that can be used as collateral or held for investment purposes over the long term.
Ticker
A ticker is a unique series of letters used to identify a specific security or financial instrument, typically displayed on exchanges for ease of trading and recognition.
Trading
Trading refers to the process of buying and selling securities or assets in the market.
Trading Order
A trading order is an instruction placed with a Broker/Custodian to buy or sell a security on behalf of an investor.
Transaction
A transaction involves any operation, such as buying, selling, or transferring assets or funds, within an account.
Tradable Asset
A tradable asset is an asset that can be bought or sold on public markets, offering liquidity for both buyers and sellers.
TTCA Portfolio
A TTCA portfolio holds assets transferred from clients under a Transfer to Company Agreement (TTCA), with full ownership granted to the company managing the portfolio.
TWR (Time-Weighted Return)
Time-weighted return (TWR) is a performance measurement method that isolates the impact of cash flows by multiplying the returns for each period, providing a clear picture of the investment’s performance over time.
U
Unallocated
Unallocated refers to funds, resources, or assets that have not yet been assigned to a specific category, account, or purpose.
Unblocking
Unblocking is the process of lifting restrictions or limitations on a security or cash, allowing it to be traded or transferred freely.
Unsettled Quantity
Unsettled quantity refers to the positions of a bank account that have been completed but are still awaiting final settlement, such as processing or clearance by the bank.
Unsubscribe
To unsubscribe is to cancel a subscription, halting any further recurring payments and ending access to the associated service or product.
V
Virtual Bank Account
A virtual bank account is a platform-generated account used to track and manage client transactions within an omnibus account, making it easier to monitor financial activities.
Virtual Portfolio
A virtual portfolio is a separate account that holds and manages private or non-standard assets, distinct from the main client portfolio, allowing for more specialized management.
Version
Version refers to a specific iteration or release of a document or software reflecting any updates or revisions made to the original content.
W
Withdrawal
Withdrawal refers to the act of removing funds from an account or investment, which may involve certain fees or tax consequences, depending on the account type.
