JEROME KERVIEL
A French trader who was charged with losing over $7 billion in Société Générale’s assets by executing a series of unauthorized and false trades from 2006 to early 2008. When the financial services company discovered that Kerviel has placed tens of billions of dollars' worth of unauthorized trades, they immediately closed out the open positions, most of which were specialized equity arbitrage trades, and contained the extent of fraud. Some of the trades were terminated due to a dwindling market at the time of sale.
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Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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