Glossary

s
S&P 500 Index, S&P 500
S&P MidCap 400 Index, S&P 400
S&P/Barra Growth and Value Indexes
Safekeeping services
Sale and leaseback
Sale treatment
Sales completion
Salvage Value
Same day funds
Same day transaction
Samurai bonds
Sandbagging
Sandwich spread
Sarbanes Oxley compliance (Sarbox compliance)
Savings ratio
Schedule
Schuldscheindarlehen (Promissory Note Loan)
Seasonally adjusted
Seasoned
Seasoning
Second generation structured assets
Second stage capital
Secondary date
Secondary market
Secondary private placings
Secondary public offering
Secondary purchase
Sector fund
Sector of activity
Secured loan
Securities and Exchange Commission (SEC)
Securities clearing and settlement system (SCSS)
Securities creation
Securities lending
Securities settlement system (SSS)
Securitisation
Securitization Conduit
Seed capital (Seed money)
Segmentation
Segregation
Self-collateralising
Self-directed client
Self-liquidating
Self-regulatory
Seller/grantor
Selling rate
Selling short
Senior
Senior debt
Senior tranche
Sensitivity Analysis
Separate account
Separate TRading of Interest and Principal Securities (Strips)
Serial expiration
Serial loan
Series
Service Level Agreement (SLA)
Servicer
Servicing fees
Set-off
Set-off clause
Settlement
Settlement bank
Settlement cycle (interval)
Settlement date
Settlement failure
Settlement interval
Settlement matching
Settlement price
Settlement risk
Settlement system
Several Liability
Shadow price
Shadow Tolls
Share blocking mechanism
Share capital
Share option scheme
Share retention agreement
Shareholder
Shareholders agreement
Shareholders equity
Shareholders' funds
Sharpe ratio
Shell corporation
Shield
Shipment Date
Shipping Guarantee (SG)
Short
Short contracts
Short covering
Short forward date / rate
Short position /short
Short sale
Short squeeze
Short squeeze
Short term
Short term debt securities
Short term interest rates
Short-dated swap
Short-term capital gain
Short-term investment
Sidecar
Sight
Signature guarantee
Silent partner
Simple interest
Single European Payment Area (SEPA)
Single price auction
Single-name CDS
Sinking fund bond (or debt)
Skewness
Smile
Smurfing (or structuring)
Snowballs
Social benefit
Social cost
Socially Reponsible Investing (SRI)
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
Soft Credit Event
Soft Market
Solo capital requirements
Solvency
Solvency Ratios Directive
Sortino Ratio
Sources and uses Statement
Sovereign exposures
Sovereign guarantee
Sovereign immunity
Special Drawing Rights (SDR)
Special Purpose Vehicle (SPV) or Special Purpose Entity (SPE)
Specialist
Specific risk surcharge
Speculation
Spin out
Spin-out companies
Sponsor (company)
Spot foreign exchange
Spot market (cash market)
Spot next
Spot price / rate (cash price)
Spot rate
Spot transaction
Spot week
Spread
Spread account
Spread guidance
Spread trade
Spring loading options
Square
Squawk Box
Squeeze
Squeeze outs
Stability and Growth Pact
Stable market
Stagflation
Stand by credit
Stand-by Letter of Credit
Standard
Standard & Poor's 500 Index
Standard deviation
Standard International Trade Classification (SITC)
Standardised Approach to Market Risk (SAMR)
Standardised approach to operational Risk (STA)
Standby commitment
Standby credit
Standing facility
Standing order
Star
Start date
Start-up
Start-up project
State guarantee
Stated preference
Statement of cash flows
Statistical arbitrage
Status
Statutory voting
Step Up Bond
Step-in rights
Step-up (step-down)
Step-up margin
Stock borrow transaction
Stock options
Stock split
Stop loss order (or stop)
Stop loss policy
Stop out price
Straddle
Straight
Straight Line
Straight through processing (STP)
Straight-line depreciation
Stranded Costs
Strangle
Strap
Strategic Investors
Strategic Risk
Street Method
Stress Test
Stressed debt
Stressed value-at-risk
Strike price (exercise price)
Strip
Stripped bond
Stripped Mortgage Backed Securities
Stripping
Structural credit enhancement
Structural operation
Structured financing allows for an engineered design and pricing of situation-specific financing instruments.
Shifting a higher percentage of the capital structure down in the leverage curve;
Shifting risk and better managing control at both the project and entity levels;
Senior and Junior Mezzanine Debt;
Straight, Convertible and Participating Second Mortgages;
Swaps, Options, Caps, Collars, Swaptions, Captions, etc;