S
 















 

Glossary

S

Safe Harbor * Safe Return Certificate * Safety First Objective Function * Saitori * Same Day Funds Settlement (SDFS) * Same Day Securities Settlement (SDSS) * Same Day Settlement * Samurai Bond * Samurai Warrants * Sandwich Spread * Saturday Night Special * Saw Toothed Convergence * Scale Order * Scaling Factor * Scatter Plot * Scenario Analysis * Scheduled (SCH) Bond * Scorched Earth Policy * Screen Trading * Scrip * Seagull * Seasonal Swap * Seasoned Security * Second Generation Duration * Secondary Currency Option * Secondary Market * Secondary Warrants * Sector Rotation * Secure Principal Energy Receipt (SPER) * Secured Investor Trust * Secured Lease Obligation Bond (SLOB) * Securities Act of 1933 * Securities and Exchange Commission (SEC) * Securities and Investment Board (SIB) * Securities Exchange Act of 1934 * Securities Investor Protection Corporation (SIPC) * Securities Lending * Securities Lending Credit * Securities Market Line * Securitization * Securitized Options * Securitized Receivables * Security Specific Risk * Segmented Market Hypothesis * Seigniorage * Select Auction Variable Rate Securities (SAVRs) * Self-Regulatory Organization (SRO) * Seller's Option * Semi-American Option * Semi-Fixed Swap * Semi-Strong Form * Semi-Variance * Sensitivity * Separately Traded Registered Interest and Principa * Separation Theorem * Sequence * Sequential Pay (SEQ) Bond * Serial Bond * Serial Dependence * Serialized Mortgage-backed Security * Series of Options * Set-Off * Settlement * Settlement Date * Settlement Price * Settlement Risk * Severability * Shad-Johnson Agreement * Share Ratio Contract * Shared Appreciation Mortgage (SAM) * Shared Currency Option Under Tender (SCOUT) * Shark Repellent * Sharpe Ratio * Shelf Registration * Shibosai Bond * Shogun Bond * Short * Short Against the Box * Short Hedge * Short Interest * Short Position * Short Proceeds * Short Sale * Short Sale Rule * Short Squeeze * Short Tendering * Short the Basis * Short-Dated Swap * Shortfall Constraint * Short-Short Rule * Short-Term Appreciation and Investment Return Trus * Short-Term Auction Rate (STAR) * Short-Term Equity Participation Units (STEP Units) * Short-Term Instruments Linked to Treasuries (STILT * Shout Option * Side-by-Side Trading * Siegel's Paradox * Sigma * Simulation * Simulation Analysis * Single Issue Options * Single Monthly Mortality (SMM) * Single Point Adjustable Rate Stock (SPARS) * Sinking Fund * Skew * Skew Measure * Skewness * Sleeping Beauty * Sleeping Point * Sliding Floor Plan * Small-Cap Investment Manager * Smile * Smithsonian Agreement * Society for Worldwide Interbank Financial Telecomm * Soft Call Protection * Solvency * Sovereign Risk * Spearman Rank Correlation Coefficient * Special Claim On Residual Equity (SCORE) * Special Drawing Rights (SDR) * Special Equity Claim Security (Specs) * Special Expiration Price Option * Special Miscellaneous Account (SMA) * Special Purpose Vehicle (SPV) * Special Quotation (SQ) * Specialist * Specialty Management * Specialty Option * Specie * Specific Risk * Speculation * Speed * Spline Smoothing * Split Cylinder or Split Risk Reversal * Split-Fee Option * Spot Exchange Rate * Spot Market * Spot Month * Spot Price * Spot Start * Spot Versus Forward Delta Hedge * Spot-Deferred Contract * Spraddle * Spread * Spread Conversion * Spread Hedge * Spread Option * Spread Position * Spread Put Bond * Spread Risk * Spread Warrant * Spread-Lock Agreement * Spread-Lock Option * Spread-Lock Swap * Spreadtion * Springing Warrants * Square Mile * Square Root Law * Square Root of Three Rule * Stabilization * Stabilized Mortgage Reduction Term (SMRT) Bond * Stack and Roll * Stack Hedge * Staged Drawdown Swap * Stair Step Option Strategy * Stakeholder * Stamp Tax * Standard & Poor's (S&P) 'r' Symbol * Standard & Poor's Index Notes (SPINs) * Standard & Poor's-500 Depository Receipts (SPDRs-p * Standard Deviation (SD) * Standard Error of the Mean * Standard Option * Standard Portfolio Analysis of Risk (SPAN) * Standard Prepayment Assumptions * Standardization * Standstill Agreement * Start Date * State Contingent Claim * STated Rate Auction Preferred Stock (STRAPS) * Statement of Financial Accounting Standards (SFAS) * Statement of Financial Accounting Standards (SFAS) * Statement of Position (SOP) * Statement Of Recommended Practice (SORP) * Statute of Frauds * Step Premium Option * Step-Down Coupon Note * Step-Down Option or Warrant * Step-Down Swap * Step-Lock Option or Note * Stepped Tax Exempt Appreciation on Income Realizat * Step-Up Bond * Step-Up Cap * Step-Up Capped Floating Rate Note * Step-Up Coupon Note * Step-Up Income Redeemable Equity Note (SIREN) * Step-Up Option or Warrant * Step-Up Recovery Floater (SURF) * Step-Up Swap * Sterling At Risk (SAR) * Sterling Transferable Accruing Government Securiti * Sticky Jump (SJ) Bond * Stillhalters * Stochastic Dominance * Stochastic Process * Stochastic Volatility * Stock Appreciation Right * Stock Equivalent * Stock Index Contingent Option * Stock Index Futures Contract * Stock Index Growth Notes (SIGNs) * Stock Index Insured Account * Stock Index Return Security (SIRS) * Stock Lending * Stock Loan Contracts * Stock Market Annual Reset Term (SMART) Note * Stock Option * Stock Performance Exchange-Linked Bonds (SPELBonds * Stock Purchase Warrant * Stock Right * Stock Upside Note Security (SUNS) * Stock Warrant Off-Balance-Sheet Research and Devel * Stock-Over-Bond (SOB) Warrant * Stop Limit Order * Stop Loss Order * Stop Order * Stopped Stock * Stoption * Straddle * Straddle Rule * Strangle * Strap * Strategic Asset Allocation (SAA) * Strategic Business Unit (SBU) * Strategic Risks * Street Name * Stress Testing * Strike Bonus Option * Strike Level of a Swaption * Strike Premium * Strike Reset Option or Warrant * Strike, Strike Price, Strike Interest Rate, or Str * Strike-Step Option * Strip * Strip Hedge * Strippability * Stripped Mortgage-Backed Security (SMBS) * Stripped Municipals (M- CATS) * Stripped Treasury Securities * Stripping * STRIPS * Strong Form * Structure * Structured Enhanced Returns Trust (STEER) * Structured Financial Transaction * Structured Note * Structured Product * Structured Settlement * Structured Upside Participating Equity Receipt (SU * STRuctured Yield Product Exchangeable for Stock (S * Structurer * Stub * Style Drift * Style Management * Style of Exercise * Sub-Diversification * Subject Bid or Offer * Subordinated Obligation * Subrogation * Subscription Warrant * Subsidiary Corporation * Suitability Risk * Suitability Rules * Sunset Provision * Super Planned Amortization Class (Super PAC) Bond * Super Upside Note (SUN) * SuperDOT * Superfloater Swap * Super-LYONS * Supershare * Supershare Option * Supervisory Analyst * Support (SUP) Bond * Support Collateralized Mortgage Obligation * Surf and Turf * Survivorship Bias * Sushi Bond * Sustainable Earnings Level * Swap * Swap Arranger * Swap Buyer * Swap Curve * Swap de Taux d'Intérêt * Swap Market Maker * Swap Offset Agreement * Swap Option * Swap Rate * Swap Rate Differential * Swap Rate Lock * Swap Replacement Cost * Swap Rules * Swap Seller * Swap Spread * Swap Spread Lock * Swap Yield Curve * Swap-driven Primary Issuance * Swap-In-Arrears (SIA) * Swaps with Option Payoffs * Swaps with Timing Mismatches * Swaption * Sweep Account * Sweetener * Swingline * Swiss Market Index Liberte Emission (SMILE) * Switch * Switchback Option or Warrant * Symmetric Distribution * Symmetric Payoff * Syndicate Bid * Syndicate Department * Synthetic * Synthetic Agreement for Foreign Exchange (SAFE) * Synthetic Asset * Synthetic Bond * Synthetic Call Option * Synthetic Convertible Debt * Synthetic Equity * Synthetic Foreign Bond * Synthetic Forward * Synthetic Futures Contract * Synthetic Guaranteed Investment Contract (Syntheti * Synthetic High Income Equity-Linked Debenture (SHI * Synthetic Long * Synthetic Option * Synthetic PERCS * Synthetic Put Option * Synthetic Short * Synthetic Stock * Synthetic Warrants * Synthetic Zero Coupon Convertible Bond * Systematic Risk * Systemic Risk

Glossary