The fourth edition of the Capital Markets Glossary is the result of extensive revision and updating by our in-house experts. Many new entries have been added following the changes in the terminology of the capital markets during the last few years. That is why in this edition there are terms relating to the financial legislation of the European Union, such as the single passport and the seven directives underpinning it as well as valuable and important risk analysis methods such as the VAR (value at risk).
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