Glossary of Terms
Accounting selection parameters table
A data table that contains the rules for selecting which general ledger account to use for a particular posting
Accrual
A method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
Accrued interest
The interest that has accumulated on a transaction since the last interest payment date or start date, up to but not including the current date
ACK/NACK protocol
This protocol is used by SWIFT to confirm that messages sent by its members have passed network validation and are therefore good messages (ACK), or have failed validation (NACK)
Affirm
The process of affirmation
Affirmation
The process where a buy-side firm sends a communication to a sell-side firm indicating their agreement to the details of a confirmation received from the sell-side firm
Agency trade
A securities trade where the sell-side firm acts as the agent of its customer, and is remunerated by the payment of commission
Agile manifesto
A statement of the principles that underpin agile software development
Agile model
A methodology to manage the designing and building of software applications. The aim of this model is to minimise risk by developing software in short amounts of time
Algorithmic trading
The placing a buy or sell order of a defined quantity into a quantitative model that automatically generates the timing of orders and the size of orders based on goals specified by the parameters ...
