-A [7] +A [7]




If you would like to download the entire glossary (PDF format), click here [8]



Click on the first letter of the word you are searching for.

A [9] B [10] C [11] D [12] E [13] F [14] G [15] I [16] J [17] L [18] M [19] N [20] O [21] P [22] R [23] S [24] T [25] U [26] W [27]
4 résultat(s) pour votre recherche
Obligation/Bond : [28]

(1)- A legal relationship between two persons whereby one of them, the creditor, may demand that the other, the debtor, perform a service or refrain from taking an action (positive obligation, negative obligation and obligation to pay a sum of money).


(2)- Financial instrument issued by a company, a public authority or the central government. It is a debt security (i.e. it represents a debt) that earns interest and is payable on a date and in an amount specified in advance. During its term, the value of a bond fluctuates upwards or downwards. Sale prior to maturity may result in capital gains or losses.


Source: Banque de France

Office de Coordination Bancaire et Financière (OCBF) : [29]

Independent professional organisation working closely with the financial markets whose members include banking and finance professionals.


Source: Office de Coordination Bancaire et Financière

Open-end investment companies (SICAV) : [30]

Undertaking for Collective Investment in Transferable Securities (UCITS) which has a legal personality (company) and issues stocks or bonds, negotiable debt securities and other financial instruments authorised either by regulations or by the SICAV's Articles of Association. Any person who invests in a SICAV becomes a shareholder and can vote at shareholders' meetings.  A SICAV can manage itself or, more often the case, entrust this function to a UCITS management company.


Source: Banque de France

Organisme de Placement en Valeurs Mobilières (OPCVM) : [31]

Terme qui regroupe les sociétés d’investissement à capital variable (SICAV) [32] et les fonds communs de placement (FCP). Ces entités gèrent des portefeuilles d’instruments financiers [33] (ou titres [34]) et émettent des parts ou actions qui peuvent être souscrites par des particuliers ou des entreprises.  Les OPCVM reçoivent un agrément par l’Autorité des marchés financiers (AMF) (ou un régulateur européen) et doivent respecter des règles de gestion et d’investissement. Les OPCVM offrent la possibilité, notamment pour les particuliers, d’accéder à un portefeuille d’instruments financiers diversifiés dont la gestion est confiée à un professionnel. On parle de produits d’épargne de gestion collective.


Source : Banque de France