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MAX Index
The MAX Index family is a set of widely used domestic government bond market benchmarks in Hungary. The index family consists of the RMAX, MAX, MAX Composite and ZMAX indices. The indices calculated and published by the Hungarian Government Debt Management Agency Ltd. on a daily basis. The index calculation method follows the EFFAS Bond Commission's total return bond index recommendations. Index characteristics The inception date is December 31, 1996 and each index consists of local currency-denominated fixed-rate government Bond (finance), bonds and banknote, bills of the Hungarian Republic. * RMAX Index consists of bills and bonds in maturity range of 91–365 days and rebalances every fortnight * MAX Index consists of bonds in maturity range of over 365 days and rebalances monthly * MAX Composite Index is the composite of the RMAX and MAX indices * ZMAX Index consists of bills and bonds in maturity range of 14–182 days and rebalances weekly External sources Government Debt Mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFFAS
The European Federation of Financial Analysts Societies (EFFAS) is the federation of analysts associations in Europe. EFFAS comprises 21 member societies representing more than 14,000 investment professionals. EFFAS was founded in 1962 and the headquarters is located in Frankfurt, Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe .... Besides its European training programme CEFA (Certified European Financial Analyst) EFFAS also grants the Certified Environmental Social and Governance Analysts (CESGA) designation, ensuring professional qualification by offering global as well as local market knowledge within its examination structure. EFFAS also provides services for capital market experts through the national member societies. Member societies External linkseffas.com Refere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hungarian Republic
Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and Slovenia to the southwest, and Austria to the west. Hungary has a population of nearly 9 million, mostly ethnic Hungarians and a significant Romani minority. Hungarian, the official language, is the world's most widely spoken Uralic language and among the few non-Indo-European languages widely spoken in Europe. Budapest is the country's capital and largest city; other major urban areas include Debrecen, Szeged, Miskolc, Pécs, and Győr. The territory of present-day Hungary has for centuries been a crossroads for various peoples, including Celts, Romans, Germanic tribes, Huns, West Slavs and the Avars. The foundation of the Hungarian state was established in the late 9th century AD with the conquest of the Carpathian Basin by Hungar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortnight
A fortnight is a unit of time equal to 14 days (two weeks). The word derives from the Old English term , meaning "" (or "fourteen days," since the Anglo-Saxons counted by nights). Astronomy and tides In astronomy, a ''lunar fortnight'' is half a lunar synodic month, which is equivalent to the mean period between a full moon and a new moon (and vice versa). This is equal to 14.77 days. It gives rise to a lunar fortnightly tidal constituent (see: Long-period tides). Analogs in other languages In many languages, there is no single word for a two-week period, and the equivalent terms "two weeks", "14 days", or "15 days" ( counting inclusively) have to be used. * Celtic languages: in Welsh, the term ''pythefnos'', meaning "15 nights", is used. This is in keeping with the Welsh term for a week, which is ''wythnos'' ("eight nights"). In Irish, the term is ''coicís''. * Similarly, in Greek, the term δεκαπενθήμερο (''dekapenthímero''), meaning "15 days", is used. * T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Hungary
The economy of Hungary is a high-income mixed economy, ranked as the 9th most complex economy according to the Economic Complexity Index. Hungary is a member of the Organisation for Economic Co-operation and Development (OECD) with a very high human development index and a skilled labour force, with the 13th lowest income inequality in the world. The Hungarian economy is the 54th-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% ov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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