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Revision as of 15:04, 1 November 2019 by
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Either:
American depositary receipts
- a way of getting synthetic exposure to securities in hard-to-access markets
Alternative dispute resolution
— mealy-mouthed time-wasting for people in denial about the legal system
The
Jolly Contrarian
’s Glossary
The snippy guide to financial services lingo.™
→Go uptown
Top Trumps
®
Financial Weapons of Mass Destruction
®
ADR
“
It’s
not
synthetic equity
. Just calm the hell down.
”
Docs
The Full American: US bond docs, plus security and custody. Lots of it, all dull.
6
Amendability
Nope, but why would you?
5
Collateral
Fully, and
delta-one
.
0
Transferability
Seeing as that’s the point, yes. Safely transferable.
0
Leverage
Zippo the Hippo.
0
Fright-o-meter
Disney grade only. Suitable for all the family —
Unless the issuer is in a scary foreign jurisdiction in which case OMEN GRADE
8
Index
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Glossary
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