EFTA01458257.pdf

Glossary Here we explain the main terms from the CIO View Adverse selection is when buyers and sellers of an asset have Consumer discretionary is a sector of the economy that consists different access to information, distorting the transaction in one of businesses selling nonessential goods and services. side's favor. Consumer staples is a sector of the economy selling essential Airbob is a firm enabling individuals to let and rent products. accomodatIon. Corporate governance refers to the mechanisms, processes and In relation to currencies, appreciation refers to a gain of value relations by which corporations are controlled and directed. against another currency over time. Cournerparties, in the broadest sense, are entities with which Arbitrage profits from exploiting price differences of identical or one has conducted a financial transaction. similar financial instruments on different markets or in different forms. The Dallas Fed GVI'll`411%y Flow.a Price Index is a price index compiled by the Dallas Fed which includes German real estate. A balance sheet summarizes a company's assets, liabilities and shareholder equity. The default rate refers to the proportion of borrowers who cannot service their loans. The Bunk of japan (BOJI is the central bank of Japan. Deflation is a sustained decrease in the general price level of The Eau:41r Global High Yield Index captures the performance goods and services. of high-yield debt securities. In relation to currencies, depreciation refers to a loss of value A blind. pool limited cmrtnerchip is one without any stated against another currency over time. investment goals, leaving these to the discretion of the general partners. Devaluation is the forced reduction of the value of a currency against other currencies The Bloomberg Dollar Spot Index measures the value of the U.S. dollar against 10 global currencies, both developed market and A Developed Market (DM) isa country fully developed in terms emerging market. of its economy and capital markets. A buhble is characterized by prices surging higher than Dire.aion31 strategics, in a hedge-fund context. are those warranted by fundamentals, followed by a drastic drop in prices that take a position based one view of likely overall market as a massive selloff occurs. movement. The Bundesbank is the central bank of Germany. Diversification refers to the dispersal of investments across asset types, geographies and soon with the aim of reducina risk or Blinds are issued by Germany's federal government, most boosting risk-adjusted returns. frequently with a maturity of 10 years, and are the German equivalent of U.S. Treasury bonds. A dividend isa distribution of a portion of a company's earnings to its shareholders. The Chinese ytian (CI\iYi is legal tender on the Chinese mainland. also referred to as the Renminbi, RMB. The European Central Bank (ECB) is the central bank for the Eurozono's single currency, the euro. The CNX Nifty index, also simply the Nifty, is India's benchmark stock-market index, covering 50 corporations in 22 sectors of the An Emerging Market is a country that has some Indian economy. characteristics of a developed market in terms of market efficiency, liquidity and other factors, but does not meet Coenveetrnents involve individuals or institutions taking minority standards to be a developed market stakes in a deal behind larger lead investors. 50t C.)1/ 4hi Amma*E.116)61$4,4mt.t. 201S CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0118085 CONFIDENTIAL SDNY_GM_00264269 EFTA01458257