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PIE Audit

An audit engagement on public interest entities (PIEs). It is a statutory audit of financial statements of PIEs conducted in...

CCS

An acronym for cross currency swap; a currency swap in which one side is a fixed rate currency and the...

Elf-X Option

It stands for equity-linked foreign exchange option; a compo option that gives the holder the right to trade a foreign…

Forward CCS

A cross currency swap (CCS) that does not start at the contract date, but rather comes into effect at a...

PIE

It stands for public interest entity; an entity that is perceived to involve a significant public interest because of the...

NAV

The value of one share in an investment company. Investors buy shares in investment companies, with each share entitling its…

BUV

It stands for breakup value (break-up value); the market value of the components (lines of business, divisions, units, etc.) of...

Fwd-Fwd

An abbreviation for forward-forward; a foreign exchange swap (FX swap) that starts (comes into effect) to a certain date in...

TBVPS

It stands for tangible book value per share; the value of an entity's tangible assets (that is, assets net off...

MBO

It stands for management buyout; a type of leveraged buyout (LBO) that involves the purchase (buyout) of a firm by...