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Basis Point Differential

The difference in basis points (BPS) that exists between two positions or rates (yields) or premiums, etc. For example, the...

BPS

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

Active Management Return

The return which is earned by an actively managed portfolio in excess and over an average market return (benchmark). Active…

Basis Point

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

Present Value of a Basis Point

The dollar amount by which the market value of a $100 par bond would change following a change of one...

Points Spot Delta

The ratio of the change in present value of an option with respect to the change in spot, where both...

Points

Another term for pips; digits that are added to or subtracted from the fourth decimal place in a currency rate...

Pips

Digits that are added to or subtracted from the fourth decimal place in a currency rate quote. For example, in...

BPS

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

Basis Point

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...