ACC Financial Glossary

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Finance Term Definition Added By: Savannah

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Financial Term Employee Retirement Income Security ActERISA is The federal law that protects workers pension funds.

Financial Term European Technology Platform is This is a new Euro buzz word introduced late 2003, as part of the planning for FP7. Initially it was a set of meetings per important technology sector at which the major European actors could be mobilised to identify strategies and future directions. It was initially seen to be an open initiative with no funding. However, the pilots that have been set up are essentially closed and will seek funding in FP7 perhaps using Article 171.

Financial Term Operating profit (reported) is Profit before taking into account interest and corporation tax.

Financial Term FET is Future and Emerging Technologies more academic long term part of IST R&D activities

Financial Term E F P is EFP is an acronym for Exchange for Physicals. The EFP price is the margin spread at which the owner of a futures position can exchange futures contracts for physical securities. eg. an investor could exchange 3Yr bond futures for 4Yr bonds at 20 bps.