Glossário

{"A":[{"RecordID":"3","Ordem":"","Titulo":"Abertura de Posi\u00e7\u00e3o","Conteudo":"Opera\u00e7\u00e3o inicial de investimento que exp\u00f5e o investidor \u00e0s consequ\u00eancias da varia\u00e7\u00e3o do pre\u00e7o de um activo financeiro. O investidor assume uma posi\u00e7\u00e3o longa (compradora), caso se coloque numa posi\u00e7\u00e3o em que beneficie da subida do pre\u00e7o do activo, ou uma posi\u00e7\u00e3o curta (vendedora), caso, pelo contr\u00e1rio, se coloque numa posi\u00e7\u00e3o em que beneficie da descida daquele pre\u00e7o. (Ver também Refor\u00e7o de Posi\u00e7\u00e3o, Encerramento\/Fecho de uma Posi\u00e7\u00e3o, Posi\u00e7\u00e3o Longa, Posi\u00e7\u00e3o Curta, Posi\u00e7\u00e3o Quadrada e Cobertura de Risco). <\/span><\/span> <\/p> ","lingua":"pt"},{"RecordID":"4","Ordem":"","Titulo":"Ac\u00e7\u00e3o (ou Ac\u00e7\u00e3o Ordin\u00e1ria)","Conteudo":"Valor mobili\u00e1rio representativo de uma participa\u00e7\u00e3o social em sociedade an\u00f3nima e que confere ao seu propriet\u00e1rio, entre outros, o direito de voto nas assembleias gerais, ao recebimento do dividendo (se existir) e \u00e0 quota-parte do capital pr\u00f3prio em caso de liquida\u00e7\u00e3o da sociedade. <\/p>","lingua":"pt"},{"RecordID":"5","Ordem":"","Titulo":"Ac\u00e7\u00e3o Preferencial sem Voto","Conteudo":"Ac\u00e7\u00e3o que confere um dividendo priorit\u00e1rio retirado dos lucros que possam ser distribu\u00eddos, e ao reembolso priorit\u00e1rio do seu valor nominal no caso de liquida\u00e7\u00e3o da sociedade. Estas ac\u00e7\u00f5es conferem todos os direitos inerentes \u00e0s ac\u00e7\u00f5es ordin\u00e1rias excepto o direito de voto.  <\/p>","lingua":"pt"},{"RecordID":"6","Ordem":"","Titulo":"Actively \u2013 Managed ETF","Conteudo":"ETF que segue uma estratégia de gest\u00e3o activa. A sua rentabilidade reflecte essa estratégia de investimento em vez de um determinado indicador de refer\u00eancia.  <\/p>","lingua":"pt"},{"RecordID":"6","Ordem":"","Titulo":"Actively-managed ETF","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">ETF\r\nthat follows an active management strategy. Its return reflects this investment\r\nstrategy rather than a specific reference indicator. <\/span> ","lingua":"en"},{"RecordID":"7","Ordem":"","Titulo":"Activo","Conteudo":"Os activos s\u00e3o valores patrimoniais positivos, representativos de créditos, direitos ou bens que o agente econ\u00f3mico seu titular possuiu ou tem a haver. Por contraposi\u00e7\u00e3o, os passivos s\u00e3o valores patrimoniais negativos, representativos de d\u00edvidas, obriga\u00e7\u00f5es, compromissos ou responsabilidades do agente econ\u00f3mico.  <\/p>","lingua":"pt"},{"RecordID":"7","Ordem":"","Titulo":"Assets","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Assets\r\nare the values that represent credits, rights or commodities that the economic\r\noperator has or should have. Liabilities, on the other hand, are negative asset\r\nvalues representing debts, obligations, commitments or responsibilities of the\r\neconomic operator.<\/span>","lingua":"en"},{"RecordID":"8","Ordem":"","Titulo":"Activo Financeiro","Conteudo":"Os activos financeiros s\u00e3o activos intang\u00edveis (isto é, que n\u00e3o t\u00eam exist\u00eancia f\u00edsica) que conferem ao respectivo detentor \u2014 o investidor \u2014 o direito ao recebimento de benef\u00edcios em data futura, sendo a responsabilidade pelo seu pagamento da entidade que procedeu \u00e0 sua emiss\u00e3o \u2014 entidade emitente.  <\/p>","lingua":"pt"},{"RecordID":"9","Ordem":"","Titulo":"Activo Subjacente (ou Activo de Base)","Conteudo":"Activo que serve de base \u00e0 determina\u00e7\u00e3o dos fluxos monet\u00e1rios (remunera\u00e7\u00e3o peri\u00f3dica e valor de reembolso) de um instrumento financeiro ou que constitui o objecto do investimento realizado através de instrumentos financeiros de natureza derivada (tais como os futuros, as op\u00e7\u00f5es e os warrants aut\u00f3nomos). (Ver também Indexante e Indicador de Refer\u00eancia).  <\/p>","lingua":"pt"},{"RecordID":"10","Ordem":"","Titulo":"Ag\u00eancia de Nota\u00e7\u00e3o de Risco (ou Ag\u00eancia de Rating)","Conteudo":"Entidade especializada que emite nota\u00e7\u00f5es de rating, ou seja, procede \u00e0 classifica\u00e7\u00e3o do n\u00edvel de risco de uma empresa ou instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"11","Ordem":"","Titulo":"Agente de C\u00e1lculo","Conteudo":"Entidade ou parte de um contrato designada como respons\u00e1vel pelo c\u00e1lculo do valor de um \u00edndice, de um derivado ou de outro instrumento financeiro, sempre que o respectivo valor n\u00e3o possa ser obtido através do funcionamento normal do mercado.  <\/p>","lingua":"pt"},{"RecordID":"12","Ordem":"","Titulo":"Ajuste Di\u00e1rio de Perdas e Ganhos (Mark-to-Market)","Conteudo":"Procedimento pelo qual s\u00e3o diariamente apuradas e liquidadas as perdas e os ganhos numa posi\u00e7\u00e3o em contratos de derivados.  <\/p>","lingua":"pt"},{"RecordID":"13","Ordem":"","Titulo":"Alavancagem","Conteudo":"Rela\u00e7\u00e3o mais que proporcional entre as perdas ou ganhos resultantes do investimento e a varia\u00e7\u00e3o do pre\u00e7o do activo subjacente ou do indexante. Resulta de um processo através do qual um investidor amplia os ganhos e as perdas potenciais, aumentando, consequentemente, o risco. Este processo pode ser desencadeado pelo pr\u00f3prio investidor, investindo mais do que os seus recursos pr\u00f3prios (através da obten\u00e7\u00e3o de capital emprestado), ou por via de instrumentos financeiros derivados, obtendo o mesmo efeito na medida em que \u00e0 partida apenas é exigido o desembolso de uma parte \u2013 isto é, uma margem \u2013 do montante total do valor do investimento a que o investidor fica exposto.  <\/p>","lingua":"pt"},{"RecordID":"14","Ordem":"","Titulo":"Amortiza\u00e7\u00e3o (ou Reembolso)","Conteudo":"Pagamento de um capital em d\u00edvida. A amortiza\u00e7\u00e3o pode ser total, se todo o capital em d\u00edvida for reembolsado, ou parcial, se apenas parte do capital em d\u00edvida for pago.  <\/p>","lingua":"pt"},{"RecordID":"15","Ordem":"","Titulo":"Anatocismo","Conteudo":"C\u00e1lculo de juros sobre juros. Vem do grego ana, que significa repeti\u00e7\u00e3o, e tokos, que corresponde a juro. <\/p>","lingua":"pt"},{"RecordID":"15","Ordem":"","Titulo":"Anatocism (or Compound interest)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Calculation\r\nof interest on interest. It is derived from the Greek word ana<\/span>, which means repetition, and tokos, <\/span>which means interest.<\/span> ","lingua":"en"},{"RecordID":"16","Ordem":"","Titulo":"Aplica\u00e7\u00e3o Financeira (ou Investimento Financeiro)","Conteudo":"Acto de investir um determinado capital por um certo per\u00edodo de tempo. Ap\u00f3lice: Documento onde se regista por escrito o contrato de seguro, estabelecendo os direitos e as obriga\u00e7\u00f5es do segurado e do tomador do seguro, nomeadamente as condi\u00e7\u00f5es gerais e particulares aplic\u00e1veis.  <\/p>","lingua":"pt"},{"RecordID":"17","Ordem":"","Titulo":"Arbitragem","Conteudo":"Realiza\u00e7\u00e3o simult\u00e2nea de compras e vendas de um mesmo activo em mercados distintos (ou em diferentes segmentos de um mesmo mercado), com vista \u00e0 obten\u00e7\u00e3o de ganhos isentos de risco, proporcionados por inconsist\u00eancias moment\u00e2neas ou desfasamentos de pre\u00e7os.  <\/p>","lingua":"pt"},{"RecordID":"17","Ordem":"","Titulo":"Arbitrage","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsimultaneous buying and selling of the same securities in different markets (or\r\nin different segments of the same market) in order to make risk-free profits\r\nfrom temporary discrepancies or price differences. <\/span>","lingua":"en"},{"RecordID":"18","Ordem":"","Titulo":"Arbitragem Curta-Longa (ou Reverse Cash-and-Carry)","Conteudo":"Forma de arbitragem caracterizada pela conjuga\u00e7\u00e3o da venda \u00e0 vista do activo (através de uma opera\u00e7\u00e3o de short selling) com a compra simult\u00e2nea a prazo (através de um forward ou de um futuro) do mesmo activo.  <\/p>","lingua":"pt"},{"RecordID":"19","Ordem":"","Titulo":"Arbitragem Longa-Curta (ou Cash-and-Carry)","Conteudo":"Forma de arbitragem caracterizada pela conjuga\u00e7\u00e3o da compra \u00e0 vista do activo com a venda simult\u00e2nea a prazo (através de um forward ou de um futuro) do mesmo activo.  <\/p>","lingua":"pt"},{"RecordID":"20","Ordem":"","Titulo":"ASK\u00a0(Vendedor)","Conteudo":"Pre\u00e7o que corresponde ao melhor vendedor. É o pre\u00e7o a que o vendedor est\u00e1 disposto a negociar para transaccionar os activos em carteira. Representa assim o pre\u00e7o o investidor paga para comprar um determinado activo. <\/p>","lingua":"pt"},{"RecordID":"20","Ordem":"","Titulo":"ASK (Seller)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nprice that is equivalent to the best seller price. The term refers to the\r\nlowest price at which the seller is willing to negotiate to trade the assets in\r\nthe portfolio. It is therefore the price the investor pays to buy a particular asset.<\/span>","lingua":"en"},{"RecordID":"21","Ordem":"","Titulo":"At-the-Money","Conteudo":"Situa\u00e7\u00e3o em que o pre\u00e7o de exerc\u00edcio de uma op\u00e7\u00e3o (ou de um warrant) é igual ao pre\u00e7o corrente no mercado do activo subjacente. Significa que se a op\u00e7\u00e3o (ou o warrant) fosse exercida(o) de imediato produziria um lucro nulo. Considerando a exist\u00eancia de um prémio pago pela op\u00e7\u00e3o (ou pelo warrant) esta situa\u00e7\u00e3o produziria um preju\u00edzo de montante igual a esse prémio.  <\/p>","lingua":"pt"},{"RecordID":"21","Ordem":"","Titulo":"At-the-money","Conteudo":"A situation in which the strike price of an option (or warrant) is identical to the current price of the underlying market. This means that if the option (or warrant) were exercised immediately, there would be no profit. Assuming that a premium was paid for the option (or warrant); this would result in a loss equal to that premium. ","lingua":"en"},{"RecordID":"22","Ordem":"","Titulo":"AVG PX\u00a0(Average Price)","Conteudo":"Pre\u00e7o de abertura de uma posi\u00e7\u00e3o (compra) com todos os custos associados de acordo com a quantidade. <\/p>","lingua":"pt"},{"RecordID":"22","Ordem":"","Titulo":"AVG PX (Average price)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nopening price of a position (purchase) with all the associated costs by\r\nquantity.<\/span>","lingua":"en"},{"RecordID":"127","Ordem":"","Titulo":"Accrued interest","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest\r\naccrued between the date of the most recent coupon paid and the date of the\r\nsale of a bond. At the time of the transaction, the buyer pays the price of the\r\nbond plus accrued interest, which is calculated by multiplying the daily net\r\ninterest on the loan by the number of days since the last interest payment.<\/span>","lingua":"en"},{"RecordID":"157","Ordem":"","Titulo":"Automatic capitalisation bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest-bearing\r\nbonds that are capitalised.<\/span>","lingua":"en"},{"RecordID":"165","Ordem":"","Titulo":"American Option","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Option\r\nthat can be exercised at any time up to the maturity date. <\/span>","lingua":"en"},{"RecordID":"185","Ordem":"","Titulo":"Ask Price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Price\r\nat which the seller is willing to sell. The term is often used to refer to the\r\nhighest of the bid prices in the market. <\/span>","lingua":"en"},{"RecordID":"199","Ordem":"","Titulo":"Annuity (perpetual cash flow)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">This\r\nis a medium\/long-term investment specially designed for people who wish to\r\nsecure a regular income (annuity) for life based on a single capital payment\r\n(single premium).<\/span>","lingua":"en"},{"RecordID":"216","Ordem":"","Titulo":"Accounting balance","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">This\r\nvalue represents the result of credit and debit transactions on the current\r\naccount.<\/span>","lingua":"en"},{"RecordID":"217","Ordem":"","Titulo":"Available balance","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">This\r\nis the amount in the current account that the holder is allowed to use without\r\nhaving to pay interest or other charges for using it<\/span>","lingua":"en"},{"RecordID":"229","Ordem":"","Titulo":"APR","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nAnnual Percentage Rate (APR) is the rate that measures all the costs associated\r\nwith a particular loan, including interest and other charges.<\/span>","lingua":"en"},{"RecordID":"230","Ordem":"","Titulo":"APRC","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nAnnual Percentage Rate of Charge (APRC) is the total cost of borrowing to the\r\nconsumer expressed as an annual percentage of the amount of credit granted. It\r\ndiffers from the APR in that it also includes the taxes associated with the credit\r\nand it refers only to consumer credit. The calculation formula is regulated by\r\nDecree-Law No. 359\/91 of 21 September 1991. <\/span>","lingua":"en"}],"O":[{"RecordID":"3","Ordem":"","Titulo":"Opening position","Conteudo":"An initial investment that exposes the investor to the consequences of changes in the price of a financial asset. The investor takes a long (buy) position when they are in a position to benefit from a rise in the price of the asset, or a short (sell) position when they are in a position to benefit from a fall in that price (see also Position reinforcement, see Off-set\/Closing out, Long position , Short position, Square position, and Hedging).<\/p>","lingua":"en"},{"RecordID":"55","Ordem":"","Titulo":"Overdraft (in margin accounts)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Debit\r\nbalance on margin accounts. This means that the balance of open positions (i.e.\r\nthe amount that would be lost if the positions were to be closed at that moment)\r\nis less than the collateral (margin) provided. In this case, it is only\r\npossible to increase the margin or close positions. <\/span>","lingua":"en"},{"RecordID":"58","Ordem":"","Titulo":"Option contract","Conteudo":"A\r\ncontract that gives the right to buy (call option) or sell (put option) of an\r\nasset (underlying asset) at a specified price (strike price). The seller\r\nundertakes to sell the asset (in the case of a put option) or buy the asset (in\r\nthe case of a call option). The buyer has the right, but not the obligation, to\r\nbuy the asset (in the case of a call option) or to sell the asset (in the case\r\nof a put option). The asymmetry of rights and obligations between the seller\r\nand the buyer is offset by the buyer paying a premium to the seller. The right can\r\nonly be exercised at the end of the term (European options) or during the term (American\r\noptions). Options can be physically settled (where the seller delivers the commodity\r\nsold) or financially settled (where there is no physical delivery of the commodity,\r\nbut only an accounting settlement based on the market price of the asset at the\r\nsettlement date<\/span>). <\/span><a>Option contracts allow either party to reverse its\r\ncontractual position by making a transaction that is opposite to the initial\r\ntransaction (see Off-set\/Closing out and Reversibility).<\/span><\/a><div><div><div id=\"_com_1\" language=\"JavaScript\">\r\n\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n<\/div>","lingua":"en"},{"RecordID":"87","Ordem":"","Titulo":"Option style","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Options\r\nare divided into European options and American options. European options can\r\nonly be exercised on a specific date (the expiry date), while American options\r\ncan be exercised at any time up to the expiry date. <\/span>","lingua":"en"},{"RecordID":"139","Ordem":"","Titulo":"Over-the-Counter Market (or OTC)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Market\r\n(i.e. physical or logical space) where over-the-counter (OTC) transactions take\r\nplace. OTC transactions are concluded bilaterally (i.e. agreed between a buyer\r\nand a seller who know each other) rather than anonymously and multilaterally\r\n(i.e. in a context where all orders from buyers and all potential sellers\r\ncompete anonymously), as is the case on exchanges (see Regulated market). <\/span>","lingua":"en"},{"RecordID":"154","Ordem":"","Titulo":"Obriga\u00e7\u00f5es","Conteudo":"Instrumento de financiamento das empresas e de entidades p\u00fablicas, que permite que, em alternativa, por exemplo, ao endividamento banc\u00e1rio, as empresas (ou outras entidades) se financiem emitindo obriga\u00e7\u00f5es \u2013 t\u00edtulos de d\u00edvida \u2013 que os investidores podem subscrever. <\/p>","lingua":"pt"},{"RecordID":"155","Ordem":"","Titulo":"Obriga\u00e7\u00f5es com warrant","Conteudo":"Obriga\u00e7\u00f5es que t\u00eam associado um direito (warrant) que confere ao seu detentor a op\u00e7\u00e3o de compra de ac\u00e7\u00f5es do emitente, em condi\u00e7\u00f5es e num per\u00edodo previamente determinados. O warrant constitui um valor mobili\u00e1rio, podendo ser transaccionado em mercados organizados de uma forma independente das obriga\u00e7\u00f5es que lhe deram origem. <\/p>","lingua":"pt"},{"RecordID":"156","Ordem":"","Titulo":"Obriga\u00e7\u00f5es de caixa","Conteudo":"As obriga\u00e7\u00f5es de caixa s\u00e3o valores mobili\u00e1rios emitidos por institui\u00e7\u00f5es de crédito, que incorporam a obriga\u00e7\u00e3o de a entidade emitente pagar ao seu titular uma certa import\u00e2ncia, em prazo n\u00e3o inferior a dois anos, e os correspondentes juros.  <\/p>","lingua":"pt"},{"RecordID":"157","Ordem":"","Titulo":"Obriga\u00e7\u00f5es de capitaliza\u00e7\u00e3o autom\u00e1tica","Conteudo":"Obriga\u00e7\u00f5es que vencem juros objecto de capitaliza\u00e7\u00e3o. <\/p>","lingua":"pt"},{"RecordID":"158","Ordem":"","Titulo":"Obriga\u00e7\u00f5es de cup\u00e3o zero","Conteudo":"Obriga\u00e7\u00f5es emitidas a desconto n\u00e3o vencendo, por isso, juros peri\u00f3dicos. O rendimento gerado pela obriga\u00e7\u00e3o corresponde \u00e0 diferen\u00e7a entre o pre\u00e7o de transac\u00e7\u00e3o e o respectivo valor nominal. <\/p>","lingua":"pt"},{"RecordID":"159","Ordem":"","Titulo":"Obriga\u00e7\u00f5es estruturadas","Conteudo":"Produto financeiro complexo que combina uma obriga\u00e7\u00e3o com um instrumento derivado embutido naquela obriga\u00e7\u00e3o. Dada a complexidade deste produto financeiro, o investidor dever\u00e1 analisar as respectivas caracter\u00edsticas antes de qualquer subscri\u00e7\u00e3o. <\/p>","lingua":"pt"},{"RecordID":"160","Ordem":"","Titulo":"Obriga\u00e7\u00f5es subordinadas","Conteudo":"T\u00edtulos de d\u00edvida abrangidos por uma cl\u00e1usula de subordina\u00e7\u00e3o, i.e., no caso de fal\u00eancia da entidade emissora, apenas s\u00e3o reembolsados ap\u00f3s os demais credores por d\u00edvida n\u00e3o subordinada. As obriga\u00e7\u00f5es subordinadas, enquanto contratos que formalizam empréstimos subordinados concedidos a institui\u00e7\u00f5es sujeitas \u00e0 supervis\u00e3o do Banco de Portugal, devem ser sujeitas \u00e0 sua aprova\u00e7\u00e3o, para além de respeitar as condi\u00e7\u00f5es definidas no Aviso n\u00ba 12\/92, publicado no Di\u00e1rio da Rep\u00fablica, II série, de 29 de Dezembro de 1992, e demais legisla\u00e7\u00e3o aplic\u00e1vel em vigor. Incluem-se, designadamente, as obriga\u00e7\u00f5es de caixa subordinadas e demais instrumentos similares, negoci\u00e1veis e habitualmente negociados, emitidos em mercados estrangeiros. <\/p>","lingua":"pt"},{"RecordID":"161","Ordem":"","Titulo":"Obriga\u00e7\u00f5es titularizadas","Conteudo":"Obriga\u00e7\u00f5es emitidas por sociedades de titulariza\u00e7\u00e3o de créditos. <\/p>","lingua":"pt"},{"RecordID":"162","Ordem":"","Titulo":"Obrigatoriamente Convert\u00edveis","Conteudo":"Obriga\u00e7\u00f5es que na data de maturidade s\u00e3o obrigatoriamente convertidas em ac\u00e7\u00f5es da sociedade emitente ou em outro tipo de valor mobili\u00e1rio. Na pr\u00e1tica, a emiss\u00e3o deste tipo de obriga\u00e7\u00f5es traduz-se num aumento de capital a prazo.  <\/p>","lingua":"pt"},{"RecordID":"163","Ordem":"","Titulo":"Op\u00e7\u00e3o","Conteudo":"Direito de comprar ou vender (consoante a natureza da op\u00e7\u00e3o) um activo subjacente em determinadas condi\u00e7\u00f5es. Esse direito pode ser consagrado num contrato de op\u00e7\u00f5es (ver Contrato de Op\u00e7\u00e3o) ou ser incorporado em determinados instrumentos financeiros, como é o caso dos warrants aut\u00f3nomos. (Ver warrant aut\u00f3nomo).  <\/p>","lingua":"pt"},{"RecordID":"163","Ordem":"","Titulo":"Option","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nright to buy or sell (depending on the nature of the option) an underlying\r\nasset under specified conditions. This right may be embedded in an option\r\ncontract (see Option contract) or in certain financial instruments, such as\r\nstand-alone warrants (see stand-alone warrant). <\/span>","lingua":"en"},{"RecordID":"164","Ordem":"","Titulo":"Op\u00e7\u00e3o de Compra (Call Option)","Conteudo":"Direito de comprar o activo subjacente em determinadas circunst\u00e2ncias ou condi\u00e7\u00f5es, incorporado em determinados instrumentos financeiros, como warrants aut\u00f3nomos e contratos de op\u00e7\u00f5es.  <\/p>","lingua":"pt"},{"RecordID":"165","Ordem":"","Titulo":"Op\u00e7\u00e3o de Estilo Americano (American Option)","Conteudo":"Op\u00e7\u00e3o que pode ser exercida em qualquer data até \u00e0 sua maturidade.  <\/p>","lingua":"pt"},{"RecordID":"166","Ordem":"","Titulo":"Op\u00e7\u00e3o de Estilo Europeu (European Option)","Conteudo":"Op\u00e7\u00e3o que apenas pode ser exercida na data de maturidade.  <\/p>","lingua":"pt"},{"RecordID":"167","Ordem":"","Titulo":"Op\u00e7\u00e3o de Venda (Put Option)","Conteudo":"Direito de vender o activo subjacente em determinadas circunst\u00e2ncias ou condi\u00e7\u00f5es, incorporado em determinados instrumentos financeiros, como warrants aut\u00f3nomos e contratos de op\u00e7\u00f5es.  <\/p>","lingua":"pt"},{"RecordID":"168","Ordem":"","Titulo":"Opera\u00e7\u00f5es Cambiais","Conteudo":"Neg\u00f3cios jur\u00eddicos que t\u00eam como objecto a compra, venda ou troca de divisas ou a exposi\u00e7\u00e3o directa ou indirecta \u00e0 varia\u00e7\u00e3o de taxas de c\u00e2mbio. <\/p>","lingua":"pt"},{"RecordID":"169","Ordem":"","Titulo":"Out-of-the-Money","Conteudo":"Situa\u00e7\u00e3o em que o pre\u00e7o de exerc\u00edcio de uma op\u00e7\u00e3o ou warrant se situa acima (no caso da call) ou abaixo (no caso da put) do pre\u00e7o actual de mercado do activo subjacente. Significa isto que nas actuais condi\u00e7\u00f5es de mercado o exerc\u00edcio da op\u00e7\u00e3o ou do warrant n\u00e3o seria lucrativo.  <\/p>","lingua":"pt"},{"RecordID":"169","Ordem":"","Titulo":"Out-of-the-Money","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nsituation in which the strike price of an option or warrant is above (in the\r\ncase of a call) or below (in the case of a put) the current market price of the\r\nunderlying asset. This means that it would not be profitable to exercise the\r\noption or warrant in the current market conditions. <\/span>","lingua":"en"},{"RecordID":"180","Ordem":"","Titulo":"Open interest","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nterm \"open interest\u201d refers to the number of open contracts (i.e. contracts\r\nthat have not yet been closed out) for a particular series of options or\r\nfutures (see Off-set\/Closing out and Series). \u2022 Bid price: the price at which\r\nthe bidder is willing to buy. The term is often used to refer to the highest of\r\nthe bid prices in the market. <\/span>","lingua":"en"},{"RecordID":"190","Ordem":"","Titulo":"Option premium","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Option\r\nprice, i.e. the amount that the buyer of an option pays to the seller. <\/span>","lingua":"en"}],"S":[{"RecordID":"4","Ordem":"","Titulo":"Share (or Ordinary share)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nsecurity representing an interest in a public limited company, giving the\r\nholder, among other things, the right to vote at general meetings, to receive a\r\ndividend (if any) and to receive a share of the company\u2019s capital on winding-up.<\/span> ","lingua":"en"},{"RecordID":"18","Ordem":"","Titulo":"Short-long arbitrage (or Reverse cash-and-carry)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nform of arbitrage characterised by combining the spot sale of an asset (via short\r\nselling) with the simultaneous forward purchase (via a forward or a future) of\r\nthe same asset. <\/span>","lingua":"en"},{"RecordID":"29","Ordem":"","Titulo":"Stock exchange","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nplace or market where securities and derivative financial instruments are\r\ntraded (bought and sold). <\/span>","lingua":"en"},{"RecordID":"47","Ordem":"","Titulo":"Securities depositary receipts","Conteudo":"Negotiable financial instruments representing other securities traded on\r\na regulated market and issued by a foreign issuer. They are intended to\r\nfacilitate the trading of securities (usually shares) in countries other than\r\nthe country of the issuer, as they allow such trading without requiring the\r\ntransfer of the underlying securities.<\/span><span lang=\"EN-GB\" style=\"font-size:\r\n11.0pt;line-height:107%;font-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:\r\nminor-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;\r\nmso-hansi-theme-font:minor-latin;mso-bidi-font-family:\\\"Times New Roman\\\";\r\nmso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-GB;mso-fareast-language:\r\nEN-US;mso-bidi-language:AR-SA\"> The value of such a certificate is in principle\r\nidentical to the value of the instrument represented and will normally confer\r\nsimilar rights. The securities represented are held in a depository so as not\r\nto increase the amount of securities in circulation. The best known of these\r\nare ADRs (American Depositary Receipts), which are deposited with US banks. Some\r\nof these securities are issued on the initiative of the issuer of the\r\nunderlying securities (sponsored ADRs). <\/span>","lingua":"en"},{"RecordID":"79","Ordem":"","Titulo":"Standing debit order","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Service\r\nprovided by banks for the automatic payment of bills by direct debit from an\r\naccount (current account).<\/span>","lingua":"en"},{"RecordID":"88","Ordem":"","Titulo":"Structured","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nsecurity that combines a bond with an embedded derivative instrument where the\r\nexistence and\/or the amount of the return on the bond depends on the\r\nperformance of another asset, instrument, financial contract or index, and can\r\nenhance or leverage that return. The return on the bond depends, proportionally\r\nor otherwise, on the change in the value of the underlying asset or index. <\/span>","lingua":"en"},{"RecordID":"92","Ordem":"","Titulo":"Statement of account","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Report\r\non the movement of funds held in the current account or investment funds.<\/span>","lingua":"en"},{"RecordID":"111","Ordem":"","Titulo":"Stock price index","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Index\r\nnumber whose rate of change between two dates is equal to the rate of change in\r\nthe market value of the portfolio represented by the index. <\/span>","lingua":"en"},{"RecordID":"123","Ordem":"","Titulo":"Stand-alone financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">These\r\nare financial products that are marketed or subscribed to together and are\r\nlinked to one another. Typically, a term deposit is offered in conjunction with\r\na subscription to a stand-alone financial instrument, such as an investment\r\nfund.<\/span>","lingua":"en"},{"RecordID":"145","Ordem":"","Titulo":"Secondary market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Market\r\nwhere previously issued securities are traded (see issue and Primary market). <\/span>","lingua":"en"},{"RecordID":"146","Ordem":"","Titulo":"Spot market, cash or cash-on-delivery market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nterm \"spot\u201d was originally used in commodity exchanges to refer to trades where\r\ncash is paid and the commodity is delivered immediately, as opposed to futures\r\nand forward markets. Today, the terms spot, cash or cash-on-delivery refer to\r\nmarkets where transactions are made on the assumption of immediate or\r\nnear-immediate settlement, i.e. not a forward transaction. <\/span>","lingua":"en"},{"RecordID":"159","Ordem":"","Titulo":"Structured bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncomplex financial product that combines a bond with an embedded derivative. Given\r\nthe complexity of this financial product, the investor should analyse its\r\ncharacteristics before subscribing.<\/span>","lingua":"en"},{"RecordID":"160","Ordem":"","Titulo":"Subordinated bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Debt\r\nsecurities that are subject to a subordination clause, i.e. in the event of the\r\nbankruptcy of the issuing entity, they are repaid only after other creditors\r\nfor non-subordinated debt. Subordinated bonds, as contracts formalising\r\nsubordinated loans granted to entities subject to the supervision of Banco de\r\nPortugal, must be approved by Banco de Portugal, in addition to complying with\r\nthe conditions set out in Notice No. 12\/92, published in the Official Journal\r\nof Portugal, Series II of 29 December 1992 and other laws in force. These\r\ninclude subordinated cash bonds and other similar instruments, negotiable and\r\ncommonly traded, issued in foreign markets.<\/span>","lingua":"en"},{"RecordID":"161","Ordem":"","Titulo":"Securitised bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Bonds\r\nissued by credit securitisation companies.<\/span>","lingua":"en"},{"RecordID":"177","Ordem":"","Titulo":"Short position","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncontractual position taken by an investor who stands to gain from a fall in the\r\nprice of an asset and suffer a loss if the price rises. For example, if the\r\ninvestor initially takes a short position in a futures contract that is closed\r\nout by buying the same financial instrument at a lower price, a profit is made\r\nequal to the difference. If the position is closed at a higher price, the\r\ninvestor will incur a loss (see also Opening position, Position reinforcement, Off-set\/Closing\r\nout, Long position, Square position and Squaring a position). <\/span>","lingua":"en"},{"RecordID":"179","Ordem":"","Titulo":"Square position","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncontractual position taken by a given investor who has short and long\r\noffsetting positions in a given asset. For example, an exporter who has a long\r\nposition in a particular foreign currency arising from a receivable from a\r\nclient that matures on a particular future date can offset that position (and\r\nthus square that position) by selling that foreign currency for the same date\r\nthrough a forward contract (see also Opening position, Position reinforcement, Off-set\/Closing\r\nout, Long position, Short position and Squaring a position). <\/span>","lingua":"en"},{"RecordID":"182","Ordem":"","Titulo":"Strike price (or Exercise price)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">For\r\noptions and warrants, it represents the price at which the holder of the option\r\nor warrant has the right to buy or sell the underlying asset (depending on the type\r\nof option or warrant). <\/span>","lingua":"en"},{"RecordID":"188","Ordem":"","Titulo":"Spot price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nprice at which the asset underlying a derivative contract in the spot market is\r\nbe bought or sold. <\/span>","lingua":"en"},{"RecordID":"194","Ordem":"","Titulo":"Simplified prospectus","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Document\r\nsummarising the main characteristics of the investment unit, allowing the\r\ninvestor to make an informed decision on the proposed investment and, in\r\nparticular, on the risks involved. This document must be kept up to date by the\r\nrelevant management company and made available to subscribers prior to\r\nsubscription. The simplified prospectuses of investment funds domiciled in Portugal\r\nare available on the CMVM website (www.cmvm.pt). <\/span>","lingua":"en"},{"RecordID":"216","Ordem":"","Titulo":"Saldo contabil\u00edstico","Conteudo":"É o valor correspondente ao resultado dos movimentos a crédito e a débito efectuados na conta de dep\u00f3sito \u00e0 ordem. <\/p>","lingua":"pt"},{"RecordID":"217","Ordem":"","Titulo":"Saldo dispon\u00edvel","Conteudo":"É o valor na conta de dep\u00f3sito \u00e0 ordem que o seu titular pode utilizar, sem ficar sujeito ao pagamento de juros ou quaisquer outros encargos, por essa utiliza\u00e7\u00e3o. <\/p>","lingua":"pt"},{"RecordID":"218","Ordem":"","Titulo":"Short Selling (Venda a Descoberto)","Conteudo":"É a opera\u00e7\u00e3o de venda em que o vendedor obteve os instrumentos financeiros alienados por via de empréstimo ou por qualquer outro neg\u00f3cio jur\u00eddico que lhe atribua uma titularidade futura ou transit\u00f3ria desses instrumentos financeiros e o constitua numa obriga\u00e7\u00e3o de restitui\u00e7\u00e3o desses instrumentos. O vendedor que realiza short selling aposta na descida do pre\u00e7o dos instrumentos financeiros objecto da opera\u00e7\u00e3o e pretende ganhar com isso. O ganho do short seller é obtido pela diferen\u00e7a entre o pre\u00e7o da venda e o pre\u00e7o da recompra desses valores, acrescido de juros e custos de realiza\u00e7\u00e3o das opera\u00e7\u00f5es.  <\/p>","lingua":"pt"},{"RecordID":"218","Ordem":"","Titulo":"Short selling","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nsale operation in which the seller has obtained the financial instruments sold\r\nby means of a loan or by any other legal transaction that gives them future or\r\ntemporary ownership of the financial instruments and places the seller under an\r\nobligation to return them. The short seller bets that the price of the\r\nfinancial instruments that are the subject of the transaction will fall and\r\nseeks to profit from this fall. The profit made by the short seller is\r\ncalculated as the difference between the sale price and the repurchase price of\r\nthese securities, plus interest and transaction costs. <\/span>","lingua":"en"},{"RecordID":"219","Ordem":"","Titulo":"Short Selling Descoberto (ou Naked Short Selling)","Conteudo":"Opera\u00e7\u00e3o de short selling em que o vendedor n\u00e3o assegurou, no momento da venda, a disponibilidade ou a garantia da entrega dos valores para a liquida\u00e7\u00e3o da opera\u00e7\u00e3o. Em Portugal, n\u00e3o é admiss\u00edvel este tipo de vendas a descoberto.  <\/p>","lingua":"pt"},{"RecordID":"220","Ordem":"","Titulo":"Sociedades Corretoras","Conteudo":"Sociedades financeiras que compram e vendem t\u00edtulos na Bolsa em nome dos seus clientes. <\/p>","lingua":"pt"},{"RecordID":"221","Ordem":"","Titulo":"Spread","Conteudo":"A express\u00e3o spread é utilizada com diferentes significados nos mercados financeiros, mas em geral é aplicada para exprimir a diferen\u00e7a entre dois pre\u00e7os ou entre duas taxas. (Ver Spread Bid-Ask e Spread de Taxa de Juro).  <\/p>","lingua":"pt"},{"RecordID":"221","Ordem":"","Titulo":"Spread","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nterm \"spread\u201d is used with different meanings in financial markets, but\r\ngenerally it is used to express the difference between two prices or rates (see\r\nSpread Bid-Ask and Interest rate spread). <\/span>","lingua":"en"},{"RecordID":"222","Ordem":"","Titulo":"Spread Bid-Ask","Conteudo":"O Spread Bid-Ask é a diferen\u00e7a entre o mais elevado pre\u00e7o de compra (bid) e o mais baixo pre\u00e7o de venda (ask) existentes para um determinado instrumento financeiro num determinado momento.  <\/p>","lingua":"pt"},{"RecordID":"222","Ordem":"","Titulo":"Spread bid-ask","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nbid-ask spread is the difference between the highest bid price and the lowest\r\nask price for a particular financial instrument at a particular point in time. <\/span>","lingua":"en"},{"RecordID":"223","Ordem":"","Titulo":"Spread da Taxa de Juro","Conteudo":"Valor do acréscimo (em pontos percentuais) ao indexante para determinar a taxa de juro vari\u00e1vel. (Ver Cup\u00e3o, Taxa de Cup\u00e3o e Taxa de Juro Vari\u00e1vel)  <\/p>","lingua":"pt"},{"RecordID":"224","Ordem":"","Titulo":"Stock Split","Conteudo":"Incremento do n\u00famero de ac\u00e7\u00f5es de uma determinada sociedade, mediante o desdobramento das ac\u00e7\u00f5es existentes em outras de menor valor nominal.  <\/p>","lingua":"pt"},{"RecordID":"224","Ordem":"","Titulo":"Stock split","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsplitting of existing shares into other shares of a lower par value, thereby\r\nincreasing the number of shares in a given company. <\/span>","lingua":"en"},{"RecordID":"225","Ordem":"","Titulo":"Stop Loss","Conteudo":"Estratégia por via da qual se confere a possibilidade de, por forma autom\u00e1tica ou por exerc\u00edcio eventual, limitar as perdas decorrentes da desvaloriza\u00e7\u00e3o dos activos subjacentes ou dos indexantes utilizados, por via do fecho da posi\u00e7\u00e3o contratual, uma vez verificado certo evento ou limite de perdas reais ou potenciais. Fixa, na pr\u00e1tica, o m\u00e1ximo que o investidor est\u00e1 disposto a perder em resultado de uma aplica\u00e7\u00e3o financeira.  <\/p>","lingua":"pt"},{"RecordID":"225","Ordem":"","Titulo":"Stop loss","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nstrategy that offers the possibility, either automatically or through a\r\npossible exercise, of limiting the losses resulting from the depreciation of\r\nthe underlying assets or the index used by closing the contractual position\r\nonce a certain event or limit of actual or potential losses has occurred. In\r\npractice, it sets he maximum amount that the investor is prepared to lose as a\r\nresult of a financial investment. <\/span>","lingua":"en"},{"RecordID":"226","Ordem":"","Titulo":"Swap","Conteudo":"Instrumento contratual de troca de posi\u00e7\u00f5es jur\u00eddicas e\/ou financeiras ou de instrumentos financeiros, celebrado bilateralmente entre dois agentes econ\u00f3micos. Celebram-se essencialmente ao n\u00edvel das taxas, mas pode ser ao n\u00edvel de qualquer elemento financeiro. N\u00e3o s\u00e3o padronizados mas existe uma certa uniformiza\u00e7\u00e3o nas cl\u00e1usulas contratuais, seguindo normalmente o modelo internacional da ISDA (International Swaps and Derivatives Association).  <\/p>","lingua":"pt"},{"RecordID":"226","Ordem":"","Titulo":"Swap","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Contractual\r\ninstrument concluded bilaterally between two economic agents for the exchange\r\nof legal and\/or financial positions or financial instruments. They are mainly\r\nconcluded at the level of interest rates, but can be concluded at the level of\r\nany financial element. They are not standardised, but there is a degree of\r\nstandardisation in the contractual clauses, which usually follow the\r\ninternational ISDA (International Swaps and Derivatives Association) model). <\/span>","lingua":"en"},{"RecordID":"227","Ordem":"","Titulo":"Swap de Taxa de Juro","Conteudo":"Acordo entre duas partes de troca de pagamentos de taxa de juro durante um determinado per\u00edodo de tempo. Através do swap um agente econ\u00f3mico compromete-se a pagar a outro o produto de uma taxa de juro fixa sobre um capital nocional, em contrapartida do recebimento do produto de uma taxa de juro vari\u00e1vel sobre o mesmo capital nocional. Este acordo destina-se, por isso, a transformar uma posi\u00e7\u00e3o em taxa de juro fixa numa posi\u00e7\u00e3o em taxa de juro vari\u00e1vel (ou vice-versa).  <\/p>","lingua":"pt"},{"RecordID":"228","Ordem":"","Titulo":"Switch","Conteudo":"Categoria especial de opera\u00e7\u00f5es de corretagem internacional cuja realiza\u00e7\u00e3o associa a compra-venda de mercadorias \u00e0 arbitragem de divisas. O campo de aplica\u00e7\u00e3o das opera\u00e7\u00f5es switch limita-se aos interc\u00e2mbios efectuados dentro do \u00e2mbito de acordos bilaterais com pa\u00edses de divisas n\u00e3o convers\u00edveis ou de conversibilidade limitada.  <\/p>","lingua":"pt"},{"RecordID":"228","Ordem":"","Titulo":"Switch","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Special\r\ncategory of international brokerage operations, combining the buying\/selling of\r\ncommodities with currency arbitrage. The scope of switch operations is limited\r\nto exchanges carried out under bilateral agreements with countries with\r\nnon-convertible or limited convertibility currencies. <\/span>","lingua":"en"},{"RecordID":"235","Ordem":"","Titulo":"Spot exchange rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nrate of exchange for the immediate delivery of a foreign currency. <\/span>","lingua":"en"},{"RecordID":"239","Ordem":"","Titulo":"Spot interest rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate fixed at the present time for a loan taken out or for the\r\nremuneration of a financial investment made at the same time. In the case of a\r\nfinancial investment, the interest rate may not be explicitly negotiated but\r\nmay be derived implicitly from the price of the financial instrument in which\r\nthe investment is made (see Internal rate of return). <\/span>","lingua":"en"},{"RecordID":"250","Ordem":"","Titulo":"Swap rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nswap rate is a medium\/long-term rate for different maturities and therefore has\r\na value for each of the respective reference maturities (1 to 10 years, 12, 15,\r\n20, 25 and 30 years). This is the fixed reference rate for the interbank\r\nmarket. The International Swaps and Derivatives Association (ISDA) and\r\nspecialised electronic information platforms publish the value of the main swap\r\nrates daily and throughout the day.<\/span>","lingua":"en"},{"RecordID":"259","Ordem":"","Titulo":"SEPA + credit transfer","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">At\r\nthe client's request, the payment service provider transfers funds from the\r\nclient's account to another account in the SEPA+ area. <\/span>","lingua":"en"},{"RecordID":"263","Ordem":"","Titulo":"Subscription value \u2013 SV","Conteudo":"Price at which the bond is issued (in a primary market). ","lingua":"en"},{"RecordID":"266","Ordem":"","Titulo":"Securities","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Documents\r\nrepresenting homogeneous legal situations, standardised, fungible and\r\ntransferable on the market. <\/span>","lingua":"en"},{"RecordID":"279","Ordem":"","Titulo":"Structured warrants, barrier warrants or turbo warrants","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Warrants\r\nthat have very similar characteristics to vanilla or conventional warrants.\r\nThey differ from vanilla warrants in that they introduce an additional element\r\nof risk - the knock-out barrier. The knock-out barrier represents a threshold\r\nwhose value, defined at the time of issue, is usually equal to the strike price.\r\nIf at any time during the trading period the knock-out barrier is reached or\r\nexceeded by the value of the underlying asset, the rights attached to the warrant\r\nwill cease and the warrant will be immediately extinguished. Put Warrants:\r\nWarrant that gives the holder the right, but not the obligation, to sell the\r\nunderlying asset to which it is indexed at the strike price on a pre-determined\r\nfuture date. The purchase of this instrument presupposes that the investor\r\nbelieves that the price of the underlying asset will fall, allowing the\r\ninvestor to earn the difference between, on the one hand, the agreed strike\r\nprice less the price paid for the warrant and, on the other hand, the (lowest<\/span><\/span><span lang=\"EN-GB\" style=\"font-size:\r\n10.0pt;line-height:107%;font-family:Helvetica;mso-fareast-font-family:Calibri;\r\nmso-fareast-theme-font:minor-latin;mso-bidi-font-family:Helvetica;color:#0070C0;\r\nbackground:white;mso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:\r\nAR-SA\">) market price of the underlying asset at the time the put option is\r\nexercised.<\/span>","lingua":"en"}],"N":[{"RecordID":"5","Ordem":"","Titulo":"Non-voting preferential share","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Share\r\nthat have a preferential right to dividends out of any profits which may be\r\ndistributed and a preferential right to repayment of their par value in the\r\nevent of the liquidation of the company. These shares carry all the right of\r\nordinary shares, except voting rights. <\/span> ","lingua":"en"},{"RecordID":"100","Ordem":"","Titulo":"Non-harmonised investment funds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Funds\r\nthat do not comply with the requirements and limits laid down in Council\r\nDirective 85\/611\/EC (UCITS Directive), as amended by Directive 2001\/107\/EC of\r\nthe European Parliament and Council Directive 2001\/108\/EC. Non-harmonised\r\ninvestment funds authorised in Portugal include Special Investment Funds and\r\nReal Estate Investment Funds. <\/span>","lingua":"en"},{"RecordID":"151","Ordem":"","Titulo":"Natureza das Op\u00e7\u00f5es","Conteudo":"Quanto \u00e0 sua natureza as op\u00e7\u00f5es distinguem-se em op\u00e7\u00f5es de compra (call options) e op\u00e7\u00f5es de venda (put options).  <\/p>","lingua":"pt"},{"RecordID":"152","Ordem":"","Titulo":"Nota\u00e7\u00e3o de Risco (Rating)","Conteudo":"Classifica\u00e7\u00e3o do n\u00edvel de risco de uma empresa ou instrumento financeiro realizado por uma entidade especializada (Ag\u00eancia de Nota\u00e7\u00e3o de Risco). A avalia\u00e7\u00e3o do n\u00edvel de risco pode incidir genericamente sobre uma entidade emitente, tendo em conta a sua situa\u00e7\u00e3o econ\u00f3mico-financeira e perspectivas de futuras, ou, especificamente, sobre o risco de crédito de um instrumento financeiro espec\u00edfico, avaliando a capacidade de a respectiva entidade emitente proceder ao cumprimento atempado do servi\u00e7o da d\u00edvida.  <\/p>","lingua":"pt"},{"RecordID":"153","Ordem":"","Titulo":"Note (Valores Mobili\u00e1rios Representativos de D\u00edvida com Possibilidade de Perda de Capital)","Conteudo":"Designa\u00e7\u00e3o genérica para valores mobili\u00e1rios representativos de d\u00edvida com funcionamento similar ao das obriga\u00e7\u00f5es estruturadas, mas com possibilidade de perda de capital na maturidade do produto.  <\/p>","lingua":"pt"},{"RecordID":"153","Ordem":"","Titulo":"Note (Debt securities with potential capital loss)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ngeneric term for debt securities that function in a similar way to structured\r\nbonds, but with the possibility of a loss of principal at the maturity of the\r\nproduct. <\/span>","lingua":"en"},{"RecordID":"203","Ordem":"","Titulo":"Net income","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Income\r\nreceived by an individual after deducting of social contributions and other\r\ntaxes.<\/span>","lingua":"en"},{"RecordID":"219","Ordem":"","Titulo":"Naked short selling","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nshort sale in which the seller has not ensured, at the time of the sale, the\r\navailability or guarantee of delivery of the securities to settle the\r\ntransaction. This type of short sale is not permitted in Portugal. <\/span>","lingua":"en"},{"RecordID":"232","Ordem":"","Titulo":"Net APR","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nNet Annual Percentage rate (Net APR) is equal to the Gross Annual Percentage\r\nRate less the IRS withholding, i.e. what the client actually receives. <\/span>","lingua":"en"},{"RecordID":"242","Ordem":"","Titulo":"Net interest rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate after tax, i.e. the gross interest rate minus the amount of tax\r\nlevied on the interest (Ver see Interest rate, Nominal interest rate, Effective\r\ninterest rate, Gross interest rate, and Nominal value) <\/span>","lingua":"en"},{"RecordID":"258","Ordem":"","Titulo":"Non-SEPA + credit transfer","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\" calibri\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:=\"\" calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;=\"\" mso-bidi-font-family:\"times=\"\" new=\"\" roman\";mso-bidi-theme-font:minor-bidi;=\"\" mso-ansi-language:en-gb;mso-fareast-language:en-us;mso-bidi-language:ar-sa\"=\"\">At\r\nthe client's request, the payment service provider transfers funds from the\r\nclient's account to another account outside the SEPA+ area. <\/span>","lingua":"en"},{"RecordID":"265","Ordem":"","Titulo":"Nominal value","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\npar value of a particular financial instrument. In the case of shares, it\r\nrefers to the amount of share capital represented by each share. In the case of\r\nbonds, it refers to the principal outstanding and is used, for example, to\r\ndetermine the amount of interest payable (see Coupon). <\/span>","lingua":"en"}],"F":[{"RecordID":"8","Ordem":"","Titulo":"Financial asset","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\nassets are intangible assets (i.e. not physically existent) that give the\r\nholder \u2013 the investor \u2013 the right to receive benefits at a future date, and the\r\nresponsibility for paying those benefits rests with the entity that issued the\r\nasset \u2013 the issuing entity. <\/span>","lingua":"en"},{"RecordID":"16","Ordem":"","Titulo":"Financial investment","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nact of investing a certain amount of capital for a certain period of time. Insurance\r\npolicy: document in which the insurance contract is recorded in writing,\r\nsetting out the rights and obligations of the insured and the policyholder, including\r\nthe applicable general and special conditions.<\/span>","lingua":"en"},{"RecordID":"53","Ordem":"","Titulo":"Fees","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Amount\r\ncharged for services provided by the financial institution. It can be a fixed\r\namount or a variable amount, i.e. indexed to a certain value.<\/span>","lingua":"en"},{"RecordID":"57","Ordem":"","Titulo":"Futures contract","Conteudo":"A\r\nstandardised, reversible contract to buy and sell a specified quantity and type\r\nof asset (financial or otherwise) at a specified future date and at a price\r\nfixed in the present. Under a futures contract, the buyer has an obligation to\r\npay the agreed price and the seller has an obligation to deliver the asset on\r\nthe agreed terms and conditions. Futures contracts can be physically settled\r\n(where the seller delivers the commodity sold) or cash settled (where there is\r\nno physical delivery of the commodity but only an accounting settlement based\r\non the market price of the asset at the settlement date). Futures contracts are\r\nfully standardised so that the price is the only variable that can be traded\r\n(on the exchange), unlike forwards, which are bilaterally negotiated\r\nover-the-counter and can be structured as the parties wish. Futures contracts <\/span><a>allow either party to reverse its contractual position (see Off-set\/Close\r\nout and Reversibility) by making a transaction in\r\nthe opposite direction to the initial transaction (i.e. selling a contract of\r\nthe same series as the one originally bought, or buying a contract of the same\r\nseries as the one originally sold).<\/span><\/a><div><div><div id=\"_com_1\" language=\"JavaScript\">\r\n\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n<\/div>","lingua":"en"},{"RecordID":"59","Ordem":"","Titulo":"Forward contract","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nbilateral (over-the-counter) contract to buy and sell a specified quantity and\r\ntype of asset (financial or otherwise) at a specified future date and at a\r\nprice fixed in the present. Under a forward contract, the buyer has an\r\nobligation to pay the agreed price and the buyer has an obligation to deliver\r\nthe asset under the agreed terms and conditions. Forward contracts, however,\r\ncan be physically settled (where the seller delivers the sold commodity) or\r\ncash settled (where there is no physical delivery of the commodity but only an\r\naccounting settlement based on the market price of the asset at the settlement\r\ndate). Forward contracts can be freely structured as the parties (buyer and\r\nseller) wish, unlike futures contracts, which are multilaterally negotiated on an\r\nexchange and are highly standardised.<\/span>","lingua":"en"},{"RecordID":"60","Ordem":"","Titulo":"Foreign exchange derivative contracts","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Forward\r\ncontracts based on one or more currencies or a basket of currencies. The price\r\nof the derivative contract depends on the fluctuation in the exchange rate of\r\nthe underlying currencies. <\/span>","lingua":"en"},{"RecordID":"93","Ordem":"","Titulo":"Forex","Conteudo":"Advém da express\u00e3o \"Foreign Exchange Market\u201d e constitui a designa\u00e7\u00e3o genérica de opera\u00e7\u00f5es sobre divisas. Essas transac\u00e7\u00f5es envolvem sempre divisas aos pares, por exemplo, euros contra d\u00f3lares norte-americanos. A negocia\u00e7\u00e3o faz-se pela troca de uma divisa por outra, ou pelo valor de uma divisa contra a outra.  <\/p>","lingua":"pt"},{"RecordID":"93","Ordem":"","Titulo":"Forex","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">\"Foreign\r\nExchange Market\u201d, which is the generic term for foreign exchange transactions. These\r\ntransactions always involve currencies in pairs, such as euros against US\r\ndollars. Trading is done by exchanging one currency for another or the value of\r\none currency for another. <\/span>","lingua":"en"},{"RecordID":"94","Ordem":"","Titulo":"Forex Forward","Conteudo":"Transac\u00e7\u00f5es a prazo sobre divisas realizadas através de contratos forward.  <\/p>","lingua":"pt"},{"RecordID":"94","Ordem":"","Titulo":"Forex forward","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Forward\r\nforeign exchange transactions through forward contracts. <\/span>","lingua":"en"},{"RecordID":"95","Ordem":"","Titulo":"Forex Spot","Conteudo":"Transac\u00e7\u00f5es \u00e0 vista sobre divisas.  <\/p>","lingua":"pt"},{"RecordID":"95","Ordem":"","Titulo":"Forex spot","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Spot\r\nforeign exchange trading. <\/span>","lingua":"en"},{"RecordID":"96","Ordem":"","Titulo":"Fundo de Investimento","Conteudo":"Organismo que tem como finalidade o investimento colectivo das poupan\u00e7as de investidores (designados participantes), cujo funcionamento se encontra sujeito ao princ\u00edpio da diversifica\u00e7\u00e3o de riscos e \u00e0 prossecu\u00e7\u00e3o do exclusivo interesse dos participantes. Trata-se de um patrim\u00f3nio aut\u00f3nomo (perten\u00e7a dos participantes) gerido por profissionais (entidades gestoras).  <\/p>","lingua":"pt"},{"RecordID":"97","Ordem":"","Titulo":"Fundos de investimento de tesouraria","Conteudo":"Trata-se de um produto financeiro com pouco risco, que aplica pelo menos 35% da sua carteira em activos de elevada liquidez. Exclui os fundos do mercado monet\u00e1rio. <\/p>","lingua":"pt"},{"RecordID":"98","Ordem":"","Titulo":"Fundos de investimento em ac\u00e7\u00f5es","Conteudo":"Produto financeiro ao qual est\u00e1 associado um elevado risco, uma vez que aplica em ac\u00e7\u00f5es 75% da sua carteira de t\u00edtulos. <\/p>","lingua":"pt"},{"RecordID":"99","Ordem":"","Titulo":"Fundos de Investimento Harmonizados","Conteudo":"Fundos de Investimento que respeitam os requisitos e limites decorrentes da Directiva Comunit\u00e1ria n\u00ba 85\/611\/CE do Conselho (Directiva UCITS), na redac\u00e7\u00e3o das Directivas n\u00bas 2001\/107\/CE do Parlamento Europeu e e 2001\/108\/CE do Conselho. Os fundos de investimento harmonizados autorizados em Portugal obedecem ao t\u00edtulo III do Regime Jur\u00eddico dos Organismos de Investimento Colectivo (RJOIC).  <\/p>","lingua":"pt"},{"RecordID":"100","Ordem":"","Titulo":"Fundos de Investimento N\u00e3o Harmonizados","Conteudo":"Fundos que n\u00e3o respeitam os requisitos e limites decorrentes da Directiva Comunit\u00e1ria n\u00ba 85\/611\/CE do Conselho (Directiva UCITS), na redac\u00e7\u00e3o das Directivas n\u00bas 2001\/107\/CE do Parlamento Europeu e e 2001\/108\/CE do Conselho. S\u00e3o fundos n\u00e3o harmonizados autorizados em Portugal, os Fundos Especiais de Investimento e os Fundos de Investimento Imobili\u00e1rio.  <\/p>","lingua":"pt"},{"RecordID":"101","Ordem":"","Titulo":"Fungibilidade","Conteudo":"Atributo dos valores mobili\u00e1rios e que consiste na possibilidade de serem absolutamente substitu\u00eddos por outros da mesma espécie, qualidade ou quantidade, mas com as mesmas caracter\u00edsticas e qualidades.  <\/p>","lingua":"pt"},{"RecordID":"101","Ordem":"","Titulo":"Fungibility","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncharacteristic of securities which makes them absolutely interchangeable with\r\nothers of the same kind, quality or quantity, but having the same\r\ncharacteristics and properties. <\/span>","lingua":"en"},{"RecordID":"102","Ordem":"","Titulo":"Futuros","Conteudo":" Ver Contrato de Futuros.  <\/p>","lingua":"pt"},{"RecordID":"102","Ordem":"","Titulo":"Futures","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">See\r\nFutures Contracts. <\/span>","lingua":"en"},{"RecordID":"113","Ordem":"","Titulo":"Financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Investment\r\ninstruments, which include transferable securities, financial derivatives,\r\nmoney market instruments and any other instruments considered as such by the\r\nMarkets in Financial Instruments Directive (MiFID). <\/span>","lingua":"en"},{"RecordID":"114","Ordem":"","Titulo":"Financial instrument with capital risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument in which the amount of principal to be repaid or the price\r\nto be received at maturity is uncertain and may be less than the principal\r\noriginally invested. <\/span>","lingua":"en"},{"RecordID":"115","Ordem":"","Titulo":"Financial instrument with leveraged capital risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument for which the investor may not only lose the entire amount\r\noriginally invested, but may also be called to assume additional losses beyond\r\nthat amount (e.g. through margin calls). <\/span>","lingua":"en"},{"RecordID":"116","Ordem":"","Titulo":"Financial instrument with profit risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument that involves capital risk and\/or whose periodic return is\r\nuncertain and\/or variable. <\/span>","lingua":"en"},{"RecordID":"117","Ordem":"","Titulo":"Fixed income financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument for which the amount of periodic income is fixed ex ante. <\/span>","lingua":"en"},{"RecordID":"119","Ordem":"","Titulo":"Fixed or variable periodic income financial risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument for which the payment of periodic income (interest) is\r\ncertain and does not depend on events occurring. Note, however, that in the\r\nevent of the debtor's bankruptcy or insolvency, timely payment of income may no\r\nlonger be possible, so attention should always be paid to the credit risk\r\ninvolved. <\/span>","lingua":"en"},{"RecordID":"132","Ordem":"","Titulo":"Financial settlement","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsettling and delivering of the amount due to or from the investor at the end of\r\nan investment operation or at the maturity of the financial product. <\/span>","lingua":"en"},{"RecordID":"137","Ordem":"","Titulo":"Forward market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nmarket in which transactions are made on the assumption of settlement (i.e.\r\ndelivery of the asset by the seller and payment of the price by te buyer) at a future\r\ndate. Futures, forwards and options are examples of forward contracts. <\/span>","lingua":"en"},{"RecordID":"138","Ordem":"","Titulo":"Foreign exchange market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nmarket where currencies are traded. <\/span>","lingua":"en"},{"RecordID":"168","Ordem":"","Titulo":"Foreign exchange transactions","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Transactions\r\ninvolving the purchase, sale or exchange of foreign currency or the direct\r\nexposure to changes in foreign exchange rates.<\/span>","lingua":"en"},{"RecordID":"175","Ordem":"","Titulo":"Financial plan","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Structured\r\nplan to define savings for savers based on financial products.<\/span>","lingua":"en"},{"RecordID":"184","Ordem":"","Titulo":"Future price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Price\r\nat which a particular futures contract traded on the stock exchange. <\/span>","lingua":"en"},{"RecordID":"191","Ordem":"","Titulo":"Financial product","Conteudo":"In\r\naddition to financial instruments, financial products include unit-linked\r\ninsurance contracts, individual pension fund membership contracts, dual\r\nproducts (see <a>Dual product<\/a><\/span>) and, in general, any other instrument used to\r\nattract savings (other than bank deposits) or to manage financial risks, the\r\nreturn of which depends in whole or in part on the performance of a financial\r\ninstrument.<\/span>","lingua":"en"},{"RecordID":"208","Ordem":"","Titulo":"Foreign exchange risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Uncertainty\r\nabout the return on a financial instrument due to fluctuating exchange rates. The\r\ngreater the exposure of the financial instrument and its underlying to exchange\r\nrates, the greater this risk. <\/span>","lingua":"en"},{"RecordID":"234","Ordem":"","Titulo":"Forward exchange rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nexchange rate fixed at the outset to serve as the basis for the exchanging a\r\ngiven amount of one currency for another currency in the future. <\/span>","lingua":"en"},{"RecordID":"238","Ordem":"","Titulo":"Forward rate (or Forward interest rate)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate fixed at the present time for a loan to be repaid at a specified\r\nfuture date. This term is also commonly used to identify the (forward) interest\r\nrates implied by a comparison between two spot rates for different maturities,\r\nassuming equivalence between investing for the shorter term and reinvesting or\r\ninvesting for the longer term. For example, investing for two years at a spot\r\nrate of 10.00% per annum is equivalent to investing for one year at a rate of\r\n9.50% and investing between the first and second year at a rate of 10.5023%. <\/span>","lingua":"en"},{"RecordID":"241","Ordem":"","Titulo":"Fixed interest rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate that is fixed at the time of issue and remains unchanged\r\nthroughout the life of the loan (see Interest rate, Nominal interest rate,\r\nEffective interest rate, and Nominal value). <\/span> ","lingua":"en"}],"U":[{"RecordID":"9","Ordem":"","Titulo":"Underlying asset (or Base asset)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Asset\r\nthat serves as the basis for determining the cash flows (periodic payment and\r\nrepayment value) of a financial instrument or that is the object of investment\r\nrealised through derivative financial instruments (such as futures, options and\r\ndetachable warrants) (see also Index (benchmark)). <\/span>","lingua":"en"},{"RecordID":"261","Ordem":"","Titulo":"Unidades de participa\u00e7\u00e3o","Conteudo":"Valores mobili\u00e1rios que correspondem a parcelas de fundos de investimento, podendo ser representados por certificados de uma ou mais unidades ou adoptar a forma escritural. Em Portugal, as unidades de participa\u00e7\u00e3o s\u00e3o subscritas aos balc\u00f5es do deposit\u00e1rio, no estabelecimento da sociedade gestora ou através das entidades colocadoras previamente autorizadas pela Comiss\u00e3o do Mercado de Valores Mobili\u00e1rios (CMVM). <\/p>","lingua":"pt"}],"C":[{"RecordID":"10","Ordem":"","Titulo":"Credit rating agency (or Rating agency)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Specialised\r\nentity that issues credit ratings, i.e. it classifies the risk level of a\r\ncompany or financial instruments. <\/span>","lingua":"en"},{"RecordID":"11","Ordem":"","Titulo":"Calculation agent","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Entity\r\nor party to a contract that is responsible for calculating the value of an\r\nindex, derivative or any financial instrument when its value cannot be\r\ndetermined through the normal market operations. <\/span>","lingua":"en"},{"RecordID":"33","Ordem":"","Titulo":"Call option","Conteudo":"Oop\u00e7\u00e3o que d\u00e1 o direito de comprar o activo subjacente. <\/p>","lingua":"pt"},{"RecordID":"33","Ordem":"","Titulo":"Call option","Conteudo":"An option that gives the buyer the right to buy the underlying asset.<\/span>","lingua":"en"},{"RecordID":"35","Ordem":"","Titulo":"C\u00e2mara de Compensa\u00e7\u00e3o","Conteudo":"Entidade que tem por fun\u00e7\u00e3o garantir o cumprimento das obriga\u00e7\u00f5es contratuais assumidas por compradores e vendedores em certos mercados. A c\u00e2mara de compensa\u00e7\u00e3o s\u00f3 existe em alguns mercados, existindo por regra nos mercados de bolsa de futuros e de op\u00e7\u00f5es. Para poder assumir esta fun\u00e7\u00e3o a c\u00e2mara de compensa\u00e7\u00e3o exige margens e garantidas, além de que procede \u00e0 liquida\u00e7\u00e3o di\u00e1ria de perdas e ganhos.  <\/p>","lingua":"pt"},{"RecordID":"35","Ordem":"","Titulo":"Clearing house","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nentity whose function is to ensure that the contractual obligations entered\r\ninto by buyers and sellers in particular markets are met. The clearing house is\r\nexists only in some markets and is generally found in the futures and options\r\nmarkets. To perform this function, the clearing house requires margin and\r\ncollateral, and settles losses and gains on a daily basis. <\/span> ","lingua":"en"},{"RecordID":"36","Ordem":"","Titulo":"Cap de Taxa de Juro","Conteudo":"Limita\u00e7\u00e3o contratual das taxas de juro de um crédito contratado, mediante o pagamento de um prémio, que pode ser estabelecida em instrumento contratual comercializado em separado com plena autonomia em rela\u00e7\u00e3o ao crédito concedido. Permite ao investidor proteger-se contra subidas das taxas de juro, limitando as perdas da\u00ed decorrentes. Caso as taxas de juro n\u00e3o ultrapassem o limite (cap) contratualizado, o investidor ter\u00e1 pago um prémio sem beneficiar de qualquer contrapartida em termos de redu\u00e7\u00e3o do montante dos juros a pagar. Caso o montante do crédito contratado e do capital nocional subjacente ao instrumento de cobertura de risco sejam distintos, o investidor n\u00e3o consegue cobrir totalmente o seu risco de taxa de juro.  <\/p>","lingua":"pt"},{"RecordID":"37","Ordem":"","Titulo":"Capital garantido","Conteudo":"Aplica\u00e7\u00e3o que no final do prazo garante, no m\u00ednimo, o valor investido <\/p>","lingua":"pt"},{"RecordID":"38","Ordem":"","Titulo":"Capital investido","Conteudo":"Montante ou valor aplicado num produto banc\u00e1rio ou financeiro. <\/p>","lingua":"pt"},{"RecordID":"39","Ordem":"","Titulo":"Capitaliza\u00e7\u00e3o","Conteudo":"Periodicidade do vencimento do juro ou n\u00famero de vezes em que o juro é processado (calculado) num ano: anual, semestral, trimestral, mensal, etc). Uma capitaliza\u00e7\u00e3o mensal significa que o juro se vence uma vez por m\u00eas, ou seja, 12 vezes por ano; trimestral, 4 vezes por ano, etc.  <\/p>","lingua":"pt"},{"RecordID":"39","Ordem":"","Titulo":"Capitalisation","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Frequency\r\nof interest accrual or the number of times interest is processed (calculated) in\r\na year: annually, half-yearly, quarterly, monthly, etc.). Monthly\r\ncapitalisation means that interest is due once a month, i.e. 12 times a year; quarterly\r\ncapitalisation means that interest is due 4 times a year, etc. <\/span>","lingua":"en"},{"RecordID":"40","Ordem":"","Titulo":"Carteira (Portfolio)","Conteudo":"Uma carteira \u2013 portfolio, na terminologia anglo-sax\u00f3nica - é um conjunto de posi\u00e7\u00f5es contratuais, activas e passivas, assumidas através da aquisi\u00e7\u00e3o ou aliena\u00e7\u00e3o de produtos financeiros.  <\/p>","lingua":"pt"},{"RecordID":"41","Ordem":"","Titulo":"Cash Flow (ou Fluxo Monet\u00e1rio)","Conteudo":" O cash flow é express\u00e3o anglo-sax\u00f3nica que designa um fluxo monet\u00e1rio - isto é, uma entrada (inflow) ou uma sa\u00edda (outflow) de dinheiro. Assim, quando alguém realiza uma aplica\u00e7\u00e3o financeira come\u00e7a por realizar uma sa\u00edda de dinheiro (outflow) correspondente ao montante do investimento, em troca da qual espera receber no futuro entradas de dinheiro (inflows), seja pelo recebimento de rendimentos peri\u00f3dicos (juros ou dividendos), seja pelo reembolso do capital ou, se for esse o caso, pelo recebimento do pre\u00e7o a que o produto previamente adquirido é alienado.  <\/p>","lingua":"pt"},{"RecordID":"41","Ordem":"","Titulo":"Cash flow","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Cash\r\nflow refers to a flow of money, i.e. an inflow or outflow of funds. So when\r\nsomeone makes a financial investment , they initially make an outflow of money\r\nequal to the amount of the investment, in the hope of receiving inflows of\r\nmoney in the future, either by receiving periodic income (interest or dividends),\r\nby repaying the principal, or, if applicable, by receiving the price at which\r\nthe previously purchased product is sold. <\/span>","lingua":"en"},{"RecordID":"42","Ordem":"","Titulo":"Cash Rebate","Conteudo":"Montante pré-determinado que é pago ao detentor de uma op\u00e7\u00e3o caso o pre\u00e7o do activo subjacente atinja a barreira (knock-out) antes da maturidade.  <\/p>","lingua":"pt"},{"RecordID":"42","Ordem":"","Titulo":"Cash rebate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\npre-determined amount paid out to the owner of an option if the underlying\r\nprice reaches the knock-out barrier) before expiry. <\/span>","lingua":"en"},{"RecordID":"43","Ordem":"","Titulo":"Cash-advance","Conteudo":"Adiantamento de dinheiro. É a possibilidade conferida ao titular de um cart\u00e3o de crédito de levantar dinheiro em caixas autom\u00e1ticos ou aos balc\u00f5es dos bancos que disponham dessa funcionalidade. O valor do levantamento é, tal como as compras em comerciantes, lan\u00e7ado na respectiva conta-cart\u00e3o. A utiliza\u00e7\u00e3o do cash-advance n\u00e3o é gratuita e est\u00e1 sujeita ao pagamento das taxas de juro e comiss\u00f5es que devem constar das condi\u00e7\u00f5es gerais de utiliza\u00e7\u00e3o acordadas com o respectivo emissor. <\/p>","lingua":"pt"},{"RecordID":"43","Ordem":"","Titulo":"Cash advance","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">This\r\nis the possibility given to a credit card holder to withdraw cash from an ATM\r\nor bank counter that has this facility. Withdrawals are debited to the card\r\naccount in the same way as purchases in shops. The use of cash advances is not\r\nfree of charge and is subject to the payment of interest and commissions, as\r\nset out in the general terms and conditions agreed with the issuer.<\/span>","lingua":"en"},{"RecordID":"44","Ordem":"","Titulo":"Certificados \u00abReverse\u00bb (Reverse Certificates)","Conteudo":"Reflectem inversamente o desempenho de um activo subjacente. A varia\u00e7\u00e3o percentual pode n\u00e3o ser exactamente simétrica \u00e0 varia\u00e7\u00e3o do activo subjacente quando a base de varia\u00e7\u00e3o é diferente, ou seja, quando o valor inicial do certificado n\u00e3o corresponde ao valor do activo subjacente a dividir pela paridade.  <\/p>","lingua":"pt"},{"RecordID":"45","Ordem":"","Titulo":"Certificados (Certificates)","Conteudo":"Valores mobili\u00e1rios habitualmente transaccionados em bolsa que replicam a evolu\u00e7\u00e3o do valor do respectivo activo subjacente, reflectindo o seu comportamento. O investidor receber\u00e1 o valor do activo subjacente (liquida\u00e7\u00e3o financeira), descontado de eventuais comiss\u00f5es, e n\u00e3o a diferen\u00e7a entre o valor inicial e o valor final. O titular do certificado sofrer\u00e1 uma perda se se verificar uma desvaloriza\u00e7\u00e3o do activo subjacente. Os certificados n\u00e3o vencem juros. Podem ter ou n\u00e3o uma data pré-fixada de vencimento.  <\/p> ","lingua":"pt"},{"RecordID":"45","Ordem":"","Titulo":"Certificates","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\" calibri\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:=\"\" calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;=\"\" mso-bidi-font-family:\"times=\"\" new=\"\" roman\";mso-bidi-theme-font:minor-bidi;=\"\" mso-ansi-language:en-gb;mso-fareast-language:en-us;mso-bidi-language:ar-sa\"=\"\">Certificates\r\ntraded on stock exchanges that replicate the performance of their underlying\r\nasset. The investor will receive the value of the underlying asset (cash\r\nsettlement), less any fees, and not the difference between the initial fixing\r\nvalue and the final fixing level. The certificate holder will suffer a loss if\r\nthe underlying falls in value. Certificates do not pay interest. They may or\r\nmay not have a fixed maturity date. <\/span>","lingua":"en"},{"RecordID":"46","Ordem":"","Titulo":"Certificados de Dep\u00f3sito","Conteudo":"Os certificados de dep\u00f3sito s\u00e3o t\u00edtulos comprovativos de um dep\u00f3sito realizado junto do banco emitente. Em Portugal, os certificados de dep\u00f3sito podem ser emitidos em euros ou moeda estrangeira e s\u00e3o regulamentados pelo Decreto-Lei n\u00ba 372\/91, de 8 de Outubro.  <\/p>","lingua":"pt"},{"RecordID":"47","Ordem":"","Titulo":"Certificados de Dep\u00f3sito de Valores Mobili\u00e1rios (Securities Depositary Receipts)","Conteudo":"Instrumentos financeiros negoci\u00e1veis representativos de outros valores mobili\u00e1rios transaccionados em mercado regulamentado e emitidos por um emitente estrangeiro. Destinam-se a facilitar a negocia\u00e7\u00e3o de valores mobili\u00e1rios (normalmente ac\u00e7\u00f5es) em pa\u00edses diferentes do pa\u00eds do emitente, na medida em que permitem essa negocia\u00e7\u00e3o sem obrigar \u00e0 deslocaliza\u00e7\u00e3o dos valores mobili\u00e1rios que servem de subjacente ao certificado de dep\u00f3sito. O valor de um certificado deste tipo é, em princ\u00edpio, id\u00eantico ao valor do instrumento representado, e atribuir\u00e1 em regra direitos semelhantes. Os valores representados ser\u00e3o para o efeito imobilizados num deposit\u00e1rio, de forma a n\u00e3o aumentar a massa de valores em circula\u00e7\u00e3o. Dentro deste grupo, os certificados mais conhecidos s\u00e3o os ADR (American Depositary Receipt), depositados em bancos norte-americanos. Alguns desses valores s\u00e3o emitidos por iniciativa do pr\u00f3prio emitente dos valores representados (Sponsored ADR).  <\/p>","lingua":"pt"},{"RecordID":"48","Ordem":"","Titulo":"Certificados de Indexa\u00e7\u00e3o Pura","Conteudo":"Certificados que replicam exactamente o desempenho do subjacente.  <\/p>","lingua":"pt"},{"RecordID":"49","Ordem":"","Titulo":"CFD (Contracts for Difference ou Contratos Diferenciais)","Conteudo":"Um CFD (Contract for Difference) é um contrato diferencial entre duas partes, tipicamente qualificadas como comprador e vendedor, em que se estabelece que o vendedor pagar\u00e1 ao comprador a diferen\u00e7a (se positiva) entre o valor de mercado de um determinado activo (ex: uma ac\u00e7\u00e3o) na data de fecho da posi\u00e7\u00e3o assumida nesse contrato e o seu valor de mercado na data de abertura da posi\u00e7\u00e3o assumida nesse contrato (o comprador protege-se, pois, das subidas de pre\u00e7o). Se esta diferen\u00e7a for negativa (isto é, o pre\u00e7o cair), ser\u00e1 o comprador a pag\u00e1-la ao vendedor (pelo que este se protege das descidas de pre\u00e7o). Os CFD permitem ao investidor obter exposi\u00e7\u00e3o financeira alavancada \u00e0 varia\u00e7\u00e3o do pre\u00e7o de um activo sem a sua deten\u00e7\u00e3o, obtendo vantagens ou sofrendo as perdas resultantes da subida dos pre\u00e7os dos activos subjacentes (posi\u00e7\u00f5es longas) ou da sua descida (posi\u00e7\u00f5es curtas). A contraparte do investidor que assume uma posi\u00e7\u00e3o num CFD é habitualmente o pr\u00f3prio intermedi\u00e1rio financeiro que disp <\/p>","lingua":"pt"},{"RecordID":"49","Ordem":"","Titulo":"CFD (Contracts for difference)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A CFD\r\n(Contract for Difference) is a difference contract between two parties,\r\ntypically a buyer and a seller, where the seller pays the buyer the difference\r\n(if positive) betwen the market value of a particular asset (e.g. a stock) on\r\nthe closing date of the position taken in that contract and its market value on\r\nthe opening date of the position taken in that contract (the buyer therefore\r\nprotects himself against price rises). If the difference is negative (i.e. the\r\nprice falls), the buyer pays the seller (i.e. the seller protects himself\r\nagainst price falls). CFDs allow investors to gain leveraged financial exposure\r\nto changes in the price of an asset without owning it, by profiting from, or\r\nsuffering the losses resulting from, increases in the prices of the underlying\r\nassets (long positions) or decreases in the prices of the underlying assets\r\n(short positions). The counterparty to the investor\u2019s position in a CFD is\r\nusually the financial intermediary who holds the CFD.<\/span>","lingua":"en"},{"RecordID":"50","Ordem":"","Titulo":"Cobertura de Risco (ou Hedging)","Conteudo":"Transfer\u00eancia do risco de eventual perda resultante da varia\u00e7\u00e3o do pre\u00e7o de um activo, decorrente de uma posi\u00e7\u00e3o inicial (curta ou longa), para outro agente econ\u00f3mico, mediante a realiza\u00e7\u00e3o de outra opera\u00e7\u00e3o, num outro mercado ou instrumento financeiro, de sentido inverso \u00e0 inicial (isto é, uma posi\u00e7\u00e3o curta se a posi\u00e7\u00e3o inicial é longa, ou uma posi\u00e7\u00e3o longa se a posi\u00e7\u00e3o inicial é curta). A cobertura de risco pode ser total, caso o impacto da varia\u00e7\u00e3o de pre\u00e7o do activo subjacente numa posi\u00e7\u00e3o seja totalmente compensado pelo efeito na outra posi\u00e7\u00e3o, ou parcial caso a opera\u00e7\u00e3o de cobertura de risco compense apenas parcialmente o impacto da varia\u00e7\u00e3o do pre\u00e7o do activo na posi\u00e7\u00e3o inicial.  <\/p>","lingua":"pt"},{"RecordID":"51","Ordem":"","Titulo":"Com Op\u00e7\u00e3o de Reembolso pelo Emitente e pelo Investidor (Call Option)","Conteudo":"Em algumas variantes dos diferentes tipos de obriga\u00e7\u00f5es (incluindo as obriga\u00e7\u00f5es perpétuas) pode verificar-se o reembolso do capital em d\u00edvida, em determinadas datas futuras, por op\u00e7\u00e3o do emitente, a um determinado valor (que pode ou n\u00e3o incorporar um prémio face ao valor nominal). A esta op\u00e7\u00e3o de reembolso antecipado por parte do emitente embutida na obriga\u00e7\u00e3o é designada call option da obriga\u00e7\u00e3o. O valor de uma obriga\u00e7\u00e3o cl\u00e1ssica com call option é inferior ao valor da obriga\u00e7\u00e3o sem a call option, dado que \u00e0quele importa deduzir o prémio da op\u00e7\u00e3o, uma vez que obrigacionista assume a posi\u00e7\u00e3o (de sujei\u00e7\u00e3o) de vendedor da op\u00e7\u00e3o.  <\/p>","lingua":"pt"},{"RecordID":"51","Ordem":"","Titulo":"Call Option (for issuer and investor)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">In\r\nsome variants of the various types of bonds (including perpetual bonds), the\r\noutstanding principal may be repaid at specified future dates, at the option of\r\nthe issuer, at a specified value (which may or may not include a premium over\r\npar). The issuer\u2019s ability to call the bond is called the bond\u2019s call option. The\r\nvalue of a classic bond with a call option is lower than the value of a bond\r\nwithout a call option. This is because the premium for the option must be\r\ndeducted from the value of the bond, as the bondholder assumes the position (of\r\nsubjection) of the seller of the option. <\/span>","lingua":"en"},{"RecordID":"52","Ordem":"","Titulo":"Com Warrant","Conteudo":"Obriga\u00e7\u00f5es que t\u00eam associado o direito de subscrever uma ou mais ac\u00e7\u00f5es do emitente, nos prazos e em condi\u00e7\u00f5es de pre\u00e7o definidos no momento da emiss\u00e3o do empréstimo obrigacionista.  <\/p>","lingua":"pt"},{"RecordID":"53","Ordem":"","Titulo":"Comiss\u00f5es","Conteudo":"Valor cobrado relativamente a servi\u00e7os prestados pela institui\u00e7\u00e3o financeira. Pode ser um valor fixo ou vari\u00e1vel, isto é, indexado a um determinado valor. <\/p>","lingua":"pt"},{"RecordID":"54","Ordem":"","Titulo":"Commodities (Mercadorias)","Conteudo":"Termo utilizado para definir o grupo de bens tang\u00edveis (mercadorias) que podem ser objecto de contratos de futuros ou de op\u00e7\u00f5es. Entre este tipo de bens contam-se, entre outros, o ouro, a prata, o petr\u00f3leo, os cereais e o café.  <\/p>","lingua":"pt"},{"RecordID":"54","Ordem":"","Titulo":"Commodities","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nterm used to define the group of tangible goods (commodities) that can be the\r\nsubject of futures or options contracts. Examples include gold, silver, oil,\r\ngrains and coffee. <\/span>","lingua":"en"},{"RecordID":"55","Ordem":"","Titulo":"Conta a Descoberto (em Contas-Margem)","Conteudo":"Saldo devedor em contas-margem. Significa que o saldo das posi\u00e7\u00f5es abertas (isto é, o valor que seria perdido se as posi\u00e7\u00f5es fossem fechadas no momento corrente) é menor que a garantia (margem) disponibilizada. Neste estado s\u00f3 é permitido refor\u00e7ar a margem ou fechar posi\u00e7\u00f5es.  <\/p>","lingua":"pt"},{"RecordID":"56","Ordem":"","Titulo":"Conta-Margem","Conteudo":"Margens s\u00e3o os montantes ou outras garantias que um investidor deve depositar \u00e0 ordem de uma institui\u00e7\u00e3o financeira para fazer face aos riscos inerentes a opera\u00e7\u00f5es financeiras realizadas com alavancagem. O valor a depositar depende de critérios vari\u00e1veis, como o valor da opera\u00e7\u00e3o financeira e o grau de alavancagem obtido. Essas garantias podem ser de diversa natureza, sendo geralmente constitu\u00eddas por dinheiro ou outros instrumentos negoci\u00e1veis, e podem incluir o pr\u00f3prio dinheiro ou instrumentos financeiros obtidos na opera\u00e7\u00e3o alavancada. A conta onde s\u00e3o contabilizadas e calculadas as margens chama-se conta-margem. (Ver também Garantia, Garantia Permanente, Margem e Refor\u00e7o de Margem).  <\/p>","lingua":"pt"},{"RecordID":"57","Ordem":"","Titulo":"Contrato de Futuros","Conteudo":"Contrato padronizado, revers\u00edvel, de compra e de venda de uma dada quantidade e qualidade de um activo (financeiro ou n\u00e3o) numa data futura espec\u00edfica, a um pre\u00e7o fixado no presente. Pelo contrato de futuros, o comprador fica vinculado ao pagamento do pre\u00e7o acordado e o vendedor fica vinculado \u00e0 entrega do activo nas condi\u00e7\u00f5es acordadas. Os contratos de futuros podem ser objecto de liquida\u00e7\u00e3o f\u00edsica (situa\u00e7\u00e3o em que o vendedor entrega a mercadoria vendida) ou liquida\u00e7\u00e3o financeira (situa\u00e7\u00e3o em que n\u00e3o h\u00e1 entrega f\u00edsica da mercadoria, mas somente um acerto de contas em fun\u00e7\u00e3o do pre\u00e7o de mercado do activo na data da liquida\u00e7\u00e3o). Ao contr\u00e1rio dos contratos forward, que s\u00e3o contratos negociados fora de bolsa de forma bilateral e suscept\u00edveis de serem desenhados em fun\u00e7\u00e3o da vontade das partes, os contratos de futuros s\u00e3o totalmente padronizados pelo que o pre\u00e7o é a \u00fanica vari\u00e1vel suscept\u00edvel de negocia\u00e7\u00e3o (em bolsa). Os contratos de futuros permitem que qualquer uma das partes reverta (v <\/p>","lingua":"pt"},{"RecordID":"58","Ordem":"","Titulo":"Contrato de Op\u00e7\u00e3o","Conteudo":"Contrato que atribui um direito de aquisi\u00e7\u00e3o (op\u00e7\u00e3o de compra) ou aliena\u00e7\u00e3o (op\u00e7\u00e3o de venda) de um activo (activo subjacente) a um dado pre\u00e7o (pre\u00e7o de exerc\u00edcio). O vendedor assume, assim, a obriga\u00e7\u00e3o de vender (se a op\u00e7\u00e3o for de compra) ou comprar (se a op\u00e7\u00e3o for de venda) o activo. O comprador fica com o direito, mas n\u00e3o a obriga\u00e7\u00e3o, de comprar (se a op\u00e7\u00e3o for de compra) ou de vender (se a op\u00e7\u00e3o for de venda) o activo. A assimetria de direitos e obriga\u00e7\u00f5es entre vendedor e comprador tem como contrapartida o pagamento de um pre\u00e7o (prémio) pelo comprador ao vendedor. O exerc\u00edcio do direito pode ser feito exclusivamente no fim do prazo (op\u00e7\u00f5es de estilo europeu) ou ao longo de todo o prazo (op\u00e7\u00f5es de estilo americano). As op\u00e7\u00f5es podem ser objecto de liquida\u00e7\u00e3o f\u00edsica (situa\u00e7\u00e3o em que o vendedor entrega a mercadoria vendida) ou liquida\u00e7\u00e3o financeira (situa\u00e7\u00e3o em que n\u00e3o h\u00e1 entrega f\u00edsica da mercadoria, mas somente um acerto de contas em fun\u00e7\u00e3o do pre\u00e7o de mercado do activo na data da l <\/p>","lingua":"pt"},{"RecordID":"59","Ordem":"","Titulo":"Contrato Forward","Conteudo":"Contrato de compra e de venda de uma dada quantidade e qualidade de um activo (financeiro ou n\u00e3o) numa data futura espec\u00edfica, a um pre\u00e7o fixado no presente, negociado de modo bilateral (fora de bolsa). Pelo contrato forward, o comprador fica vinculado ao pagamento do pre\u00e7o acordado e o vendedor fica vinculado \u00e0 entrega do activo nas condi\u00e7\u00f5es acordadas. Porém, os contratos forward podem ser objecto de liquida\u00e7\u00e3o f\u00edsica (situa\u00e7\u00e3o em que o vendedor entrega a mercadoria vendida) ou liquida\u00e7\u00e3o financeira (situa\u00e7\u00e3o em que n\u00e3o h\u00e1 entrega f\u00edsica da mercadoria, mas somente um acerto de contas em fun\u00e7\u00e3o do pre\u00e7o de mercado do activo na data da liquida\u00e7\u00e3o). Ao contr\u00e1rio dos contratos de futuros, que s\u00e3o contratos negociados (em bolsa) de forma multilateral e s\u00e3o objecto de elevado grau de padroniza\u00e7\u00e3o, os contratos forward s\u00e3o suscept\u00edveis de serem livremente desenhados de acordo com a vontade das partes (comprador e vendedor).  <\/p>","lingua":"pt"},{"RecordID":"60","Ordem":"","Titulo":"Contratos de Derivados sobre Divisas","Conteudo":"Opera\u00e7\u00f5es a prazo que t\u00eam como activo subjacente uma ou mais divisas, ou um cabaz de divisas. A evolu\u00e7\u00e3o do pre\u00e7o do contrato de derivados depende da flutua\u00e7\u00e3o da taxa de c\u00e2mbio das moedas subjacentes.  <\/p>","lingua":"pt"},{"RecordID":"61","Ordem":"","Titulo":"Convert\u00edveis","Conteudo":"Obriga\u00e7\u00f5es que permitem, como forma de reembolso, a sua convers\u00e3o em ac\u00e7\u00f5es da sociedade emitente ou em outro tipo de valor mobili\u00e1rio, nos prazos e em condi\u00e7\u00f5es definidas no momento da sua emiss\u00e3o. O detentor destas obriga\u00e7\u00f5es fica titular de uma op\u00e7\u00e3o de convers\u00e3o de obriga\u00e7\u00f5es em ac\u00e7\u00f5es da empresa emitente, op\u00e7\u00e3o essa que poder\u00e1 ser exercida durante um determinado per\u00edodo de tempo.  <\/p>","lingua":"pt"},{"RecordID":"61","Ordem":"","Titulo":"Convertibles","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Bonds\r\nthat, within the time limits and under the conditions fixed at the time of\r\ntheir issue, may be converted, as a form of repayment, into shares in the\r\nissuing company or into another type of security. The holder of such bonds is\r\ngranted an option to convert them into shares of the issuing company, which may\r\nbe exercised during a specified period.<\/span>","lingua":"en"},{"RecordID":"62","Ordem":"","Titulo":"Cota\u00e7\u00e3o","Conteudo":"Pre\u00e7o de um valor mobili\u00e1rio formado num mercado regulamentado.  <\/p>","lingua":"pt"},{"RecordID":"63","Ordem":"","Titulo":"Credor","Conteudo":"É quem empresta o capital. É igualmente designado por mutuante. Entidade autorizada pelo devedor a efectuar cobran\u00e7as através do SDD. <\/p>","lingua":"pt"},{"RecordID":"63","Ordem":"","Titulo":"Creditor","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nperson who lends the capital, also known as lender. Entity authorised by the\r\ndebtor to recover amounts through the SDD.<\/span> ","lingua":"en"},{"RecordID":"64","Ordem":"","Titulo":"Criador de Mercado (Market Maker)","Conteudo":"Intermedi\u00e1rio financeiro que assume a obriga\u00e7\u00e3o de fornecer um pre\u00e7o de compra e\/ou de venda relativamente a uma determinada categoria de valores mobili\u00e1rios ou instrumentos financeiros, de forma a criar condi\u00e7\u00f5es (liquidez) para que se verifique a comercializa\u00e7\u00e3o regular daqueles valores mobili\u00e1rios. Estas opera\u00e7\u00f5es s\u00e3o precedidas da celebra\u00e7\u00e3o de um contrato entre o criador de mercado (intermedi\u00e1rio financeiro) e a entidade gestora do mercado.  <\/p>","lingua":"pt"},{"RecordID":"65","Ordem":"","Titulo":"Cup\u00e3o","Conteudo":"Designa o montante do juro peri\u00f3dico devido pelo emitente ao obrigacionista. O valor do cup\u00e3o corresponde, pois, ao resultado da multiplica\u00e7\u00e3o da taxa de cup\u00e3o pelo valor nominal da obriga\u00e7\u00e3o. (Ver também Taxa de Cup\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"65","Ordem":"","Titulo":"Coupon","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\namount of periodic interest paid by the issuer to the bondholder. The value of\r\nthe coupon is obtained by multiplying the coupon rate by the par value of the\r\nbond (see also Coupon rate). <\/span>","lingua":"en"},{"RecordID":"66","Ordem":"","Titulo":"Cup\u00e3o Zero","Conteudo":"Obriga\u00e7\u00e3o que n\u00e3o paga juros peri\u00f3dicos, sendo adquirida\/subscrita a um pre\u00e7o abaixo do par (abaixo do valor nominal), por forma a proporcionar aos investidores uma compensa\u00e7\u00e3o sob a forma de ganho de capital. Este tipo de obriga\u00e7\u00e3o pode igualmente ser adquirida\/subscrita ao par (isto é, ao valor nominal) e verificar-se um reembolso na data de maturidade acima do valor nominal (prémio de reembolso) por forma a atingir o mesmo fim.  <\/p>","lingua":"pt"},{"RecordID":"86","Ordem":"","Titulo":"Charge","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ncosts payable, such as interest on a loan taken out, account maintenance costs,\r\netc.<\/span>","lingua":"en"},{"RecordID":"104","Ordem":"","Titulo":"Capital gain","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncapital gain is the positive difference between the sale price and the purchase\r\nprice of a financial instrument. If this difference is negative, a capital loss\r\nis recorded). <\/span>","lingua":"en"},{"RecordID":"126","Ordem":"","Titulo":"Compound interest","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Addition\r\nof accrued interest to the initial capital, generating higher interest in the future.<\/span>","lingua":"en"},{"RecordID":"140","Ordem":"","Titulo":"Capital market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Market,\r\nboth regulated and unregulated, for the trading of financial instruments and\r\nsecurities other than short-term financial instruments (see Money market). <\/span>","lingua":"en"},{"RecordID":"156","Ordem":"","Titulo":"Cash bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Cash\r\nbonds are securities issued by credit institutions which contain an obligation\r\non the part of the issuer to pay the holder a specified amount and related\r\ninterest within a period of not less than two years.<\/span>","lingua":"en"},{"RecordID":"164","Ordem":"","Titulo":"Call Option","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nright to buy the underlying asset under certain circumstances or conditions,\r\nembodied in certain financial instruments such as stand-alone warrants and\r\noption contracts. <\/span>","lingua":"en"},{"RecordID":"170","Ordem":"","Titulo":"Commercial paper","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">These\r\nare securities issued by companies that represent short-term debt. In Portugal,\r\nthese securities are issued in accordance with Decree-Law No. 181\/92 of 22 August\r\n1992 and other applicable legislation. They may only be issued with a maturity\r\nof less than two years and with a maturity of more than one year if they are\r\nintended for private subscription or if their issue is subject to the rules public\r\nsubscription rules) of the Securities Code. They may be denominated either in\r\neuro or in another foreign currency.<\/span>","lingua":"en"},{"RecordID":"173","Ordem":"","Titulo":"Capitalisation period","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nfrequency with which interest is due, or the number of times interest is\r\nprocessed (calculated) in a year. A quarterly capitalisation therefore means\r\nthat interest is due 4 times a year (once every three months). <\/span>","lingua":"en"},{"RecordID":"183","Ordem":"","Titulo":"Closing price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nlast price for which a financial instrument was traded during a trading day. <\/span>","lingua":"en"},{"RecordID":"192","Ordem":"","Titulo":"Complex financial product","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A financial\r\ninstrument which, although having the form of a pre-existing instrument, does\r\nnot have the same features as that instrument because it is linked to other\r\ninstruments whose performance is determined in whole or in part by the\r\nperformance of those other instruments. <\/span>","lingua":"en"},{"RecordID":"193","Ordem":"","Titulo":"Complex products without guaranteed capital","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\ninstruments that do not guarantee the capital invested, meaning that the\r\ninvestor runs the risk of getting back less than the amount invested.<\/span>","lingua":"en"},{"RecordID":"209","Ordem":"","Titulo":"Conflict of interest risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nrisk that an event occurs, the consequences of which are not fully and\r\ncompletely provided for in the contractual terms or the legislation governing\r\nthe financial instrument, or the resolution of which is the responsibility of\r\nthe issuer or a third party, and that its resolution is realised in a manner\r\ncontrary to the interests of the investor. <\/span>","lingua":"en"},{"RecordID":"210","Ordem":"","Titulo":"Counterparty risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nrisk that the counterparty to a transaction fails to perform its contractual\r\nobligations (i.e. the seller fails to deliver the asset sold and the buyer\r\nfails to pay the agreed price or perform any other contractual obligation). <\/span>","lingua":"en"},{"RecordID":"211","Ordem":"","Titulo":"Credit risk (or Default risk)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nterm used to describe the possibility that the issuer of a particular financial\r\ninstrument may fail to meet its obligations (usually the payment of interest\r\nand the repayment of principal) when due because of bankruptcy or insolvency. <\/span>","lingua":"en"},{"RecordID":"236","Ordem":"","Titulo":"Coupon rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest\r\nrate which, when multiplied by the par value of a bond, determines the amount\r\nof periodic interest payable by the issuer to the bondholder (see Coupon) <\/span>","lingua":"en"},{"RecordID":"256","Ordem":"","Titulo":"Credit transfer","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nbanking operation carried out at the initiative of the originator through a\r\ncredit institution and intended to place funds at the disposal of a beneficiary.<\/span>","lingua":"en"},{"RecordID":"278","Ordem":"","Titulo":"Call warrants","Conteudo":"Warrant\r\nthat gives the holder the right, but not the obligation, to buy the underlying\r\nasset to which it is indexed at the strike price on a pre-determined future\r\ndate (maturity date). The purchase of this instrument presupposes that the\r\ninvestor believes that the price of the underlying asset will rise, allowing the\r\ninvestor to earn the difference between the (higher) price of the underlying\r\nasset prevailing in the market at the time the call option is exercised and the\r\nagreed strike price plus the price paid for the warrant. <\/span><\/p>","lingua":"en"}],"D":[{"RecordID":"12","Ordem":"","Titulo":"Daily mark-to market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Procedure\r\nfor the daily calculation and settlement of losses and gains on a position in\r\nderivatives contracts. <\/span>","lingua":"en"},{"RecordID":"46","Ordem":"","Titulo":"Depositary receipts (or Deposit certificates)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Deposit\r\ncertificates are securities evidencing a deposit made with the issuing bank. In\r\nPortugal, deposit certificates may be issued in euro or foreign currency and\r\nare regulated by Decree-Law No 372\/91 of 8 October 1991. <\/span> ","lingua":"en"},{"RecordID":"67","Ordem":"","Titulo":"Data de disponibiliza\u00e7\u00e3o","Conteudo":"Data a partir da qual o titular pode proceder \u00e0 movimenta\u00e7\u00e3o dos fundos depositados na sua conta de dep\u00f3sito sem estar sujeito ao pagamento de juros. <\/p>","lingua":"pt"},{"RecordID":"67","Ordem":"","Titulo":"Date of availability","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Date\r\nfrom which the holder can transfer funds in their deposit account without\r\npaying interest.<\/span>","lingua":"en"},{"RecordID":"68","Ordem":"","Titulo":"Data de Exerc\u00edcio","Conteudo":"Dia em que um direito de op\u00e7\u00e3o pode ser exercido.  <\/p>","lingua":"pt"},{"RecordID":"69","Ordem":"","Titulo":"Data de Expira\u00e7\u00e3o","Conteudo":"\u00daltimo dia em que um direito de op\u00e7\u00e3o pode ser exercido (op\u00e7\u00f5es de estilo americano) ou o dia em que a op\u00e7\u00e3o pode ser exercida (op\u00e7\u00f5es de estilo europeu).  <\/p>","lingua":"pt"},{"RecordID":"70","Ordem":"","Titulo":"Data de Maturidade (ou Data de Vencimento)","Conteudo":"Data em que chega ao fim a vig\u00eancia de um produto, da\u00ed resultando consequ\u00eancias que dependem do produto financeiro em causa. No caso de obriga\u00e7\u00f5es cl\u00e1ssicas, por exemplo, na data de maturidade o emitente tem de proceder ao reembolso do capital investido e ao pagamento dos juros remanescentes. No caso das op\u00e7\u00f5es, na data de maturidade ou de vencimento, neste caso também dita data de expira\u00e7\u00e3o, expira o direito de op\u00e7\u00e3o de que o comprador é titular.  <\/p>","lingua":"pt"},{"RecordID":"71","Ordem":"","Titulo":"Data valor","Conteudo":"Data de liquida\u00e7\u00e3o de uma transac\u00e7\u00e3o. No caso de dep\u00f3sitos e de transfer\u00eancias, esta é a data a partir da qual os valores podem ser movimentados pelo benefici\u00e1rio e se inicia a eventual contagem de juros dos saldos credores ou devedores das contas de dep\u00f3sito. <\/p>","lingua":"pt"},{"RecordID":"72","Ordem":"","Titulo":"Day-Trade","Conteudo":" A compra (venda), num determinado dia, seguida da venda (compra), nesse mesmo dia, dos mesmos instrumentos financeiros.  <\/p>","lingua":"pt"},{"RecordID":"72","Ordem":"","Titulo":"Day-trade","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nbuying (selling) on a given day followed by the selling (buying) the same\r\nfinancial instruments on the same day. <\/span>","lingua":"en"},{"RecordID":"73","Ordem":"","Titulo":"Delta","Conteudo":"Montante da varia\u00e7\u00e3o do valor de uma op\u00e7\u00e3o\/warrant face \u00e0 varia\u00e7\u00e3o em uma unidade monet\u00e1ria do pre\u00e7o do activo subjacente, supondo que todos os outros factores (pre\u00e7o de exerc\u00edcio, maturidade, taxa de juro sem risco, dividendos e volatilidade) se mant\u00eam constantes.  <\/p>","lingua":"pt"},{"RecordID":"73","Ordem":"","Titulo":"Delta","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Amount\r\nby which the value of an option\/warrant changes in relation to the change in\r\nthe price of the underlying asset in one currency unit, assuming that all other\r\nfactors (strike price, maturity, risk-free interest rate, dividends and\r\nvolatility) remain constant. <\/span>","lingua":"en"},{"RecordID":"74","Ordem":"","Titulo":"Dep\u00f3sito \u00e0 ordem (DO)","Conteudo":"Opera\u00e7\u00e3o banc\u00e1ria em que os bancos captam fundos, assumindo a qualidade de devedores perante os depositantes. Os fundos depositados poder\u00e3o ou n\u00e3o ser remunerados com base numa determinada taxa de juro. <\/p>","lingua":"pt"},{"RecordID":"74","Ordem":"","Titulo":"Demand deposit (DD)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nbanking operation in which banks raise funds by assuming the status of borrower\r\nvis-\u00e0-vis depositors. The funds deposited may or may not be remunerated at a\r\ncertain rate of interest.<\/span>","lingua":"en"},{"RecordID":"75","Ordem":"","Titulo":"Dep\u00f3sito a Prazo","Conteudo":"Opera\u00e7\u00e3o banc\u00e1ria através da qual os bancos captam fundos junto do p\u00fablico, obtendo a propriedade dos mesmos por um per\u00edodo de tempo pré-estabelecido (prazo) e assumindo, em rela\u00e7\u00e3o aos fundos depositados, a qualidade de devedores perante os depositantes. Estes dep\u00f3sitos constituem uma aplica\u00e7\u00e3o de poupan\u00e7a, sendo regulados por um contrato que estabelece as condi\u00e7\u00f5es aplic\u00e1veis (tais como, o prazo, a taxa de juro e as penaliza\u00e7\u00f5es por antecipa\u00e7\u00e3o do levantamento).  <\/p>","lingua":"pt"},{"RecordID":"76","Ordem":"","Titulo":"Derivados","Conteudo":"<div>Activos financeiros com base em, ou derivados de, um instrumento subjacente diferente. O instrumento subjacente é habitualmente outro activo financeiro, mas pode ser também um bem ou um \u00edndice. Este instrumento financeiro inclui os derivados negociados em mercados organizados e em mercados de balc\u00e3o desde que possam ser objecto de compensa\u00e7\u00e3o no mercado (i.e., contratos em carteira para os quais é poss\u00edvel adquirir no mercado contratos de caracter\u00edsticas exactamente simétricas, de tal forma que a posi\u00e7\u00e3o se anule). Os derivados financeiros devem ser reflectidos pelo seu valor de mercado ou, no caso de este n\u00e3o existir, pelo seu valor equivalente (fair value). N\u00e3o se incluem neste instrumento os derivados que n\u00e3o sejam negoci\u00e1veis e que n\u00e3o possam ser objecto de compensa\u00e7\u00e3o no mercado nem o instrumento subjacente no qual o derivado financeiro se baseia.Incluem-se, nomeadamente:<\/div><div>- Op\u00e7\u00f5es transaccionadas, quer em mercados organizados, quer em mercado de balc\u00e3o (over-the-counter market);<\/div><div>- Warrants;<\/div><div>- Futuros;<\/div><div>- Contratos de troca (swaps);<\/div><div>- Contratos a prazo de taxa de juro (forward rate agreements).<\/div> ","lingua":"pt"},{"RecordID":"76","Ordem":"","Titulo":"Derivatives","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\nassets that are based on, or derived from, another underlying instrument. The\r\nunderlying instrument is usually another financial asset, but can also be a\r\ncommodity or an index. This financial instrument includes derivatives traded on\r\norganised and over-the-counter markets, provided that they can be offset in the\r\nmarket (i.e. contracts in the portfolio for which contracts with exactly\r\nsymmetrical characteristics can be purchased so that the position is offset). Financial\r\nderivatives are recorded at their market value or, if there is no market value,\r\nat their fair value, except for derivatives that are not tradable and cannot be\r\noffset in the market or the underlying instrument on which the financial\r\nderivative is based. They include: \r\n- Options traded either on organised markets or over-the-counter; \r\n- Warrants; \r\n- Futures; \r\n- Swaps; \r\n- Forward rate agreements.<\/span>","lingua":"en"},{"RecordID":"77","Ordem":"","Titulo":"Diversifica\u00e7\u00e3o","Conteudo":"Estratégia de investimento distribuindo os recursos dispon\u00edveis por um n\u00famero consider\u00e1vel de activos diferentes, de modo a reduzir a exposi\u00e7\u00e3o da carteira global a uma ou mais fontes de risco. <\/p>","lingua":"pt"},{"RecordID":"77","Ordem":"","Titulo":"Diversification","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\ninvestment strategy that allocates available resources across a number of\r\ndifferent assets in order to reduce the overall portfolio's exposure to one or\r\nmore sources of risk.<\/span>","lingua":"en"},{"RecordID":"78","Ordem":"","Titulo":"Dividendo","Conteudo":"Montante em dinheiro distribu\u00eddo pelas sociedades an\u00f3nimas ao titular de uma ac\u00e7\u00e3o a t\u00edtulo de participa\u00e7\u00e3o nos seus lucros. A distribui\u00e7\u00e3o de dividendos depende da exist\u00eancia de lucros distribu\u00edveis e de delibera\u00e7\u00e3o da assembleia geral da sociedade.  <\/p>","lingua":"pt"},{"RecordID":"78","Ordem":"","Titulo":"Dividend","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\namount of money distributed by a public limited company to the holder of a\r\nshare as a share of its profits. The payment of dividends depends on the\r\ndistribution of profits, if any, and a resolution of the company's general\r\nmeeting. <\/span>","lingua":"en"},{"RecordID":"79","Ordem":"","Titulo":"Domicilia\u00e7\u00e3o de pagamentos","Conteudo":"Servi\u00e7o prestado pelos bancos para pagamento autom\u00e1tico de contas, através de débito directo em conta (\u00e0 ordem). <\/p>","lingua":"pt"},{"RecordID":"80","Ordem":"","Titulo":"Domicilia\u00e7\u00e3o de rendimentos","Conteudo":"Depositar na conta \u00e0 ordem o resultado do rendimento. É pedido geralmente pelos bancos como contrapartida de um crédito concedido. <\/p>","lingua":"pt"},{"RecordID":"80","Ordem":"","Titulo":"Direct deposit of income","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ndeposit of income into the current account. It is usually required by banks in\r\nexchange for a loan.<\/span>","lingua":"en"},{"RecordID":"109","Ordem":"","Titulo":"Default","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nsituation where the debtor fails to pay the debt in due time.<\/span>","lingua":"en"},{"RecordID":"122","Ordem":"","Titulo":"Derivative financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\ninstruments whose value is determined by reference to (because they derive\r\nfrom) another asset or financial instrument (underlying asset). Derivative\r\nfinancial instruments include futures, forwards, options and contracts for\r\ndifference. They are considered high-risk instruments because small\r\nchanges in the price of the underlying can cause large changes in the value of\r\nthe derivative.<\/span>","lingua":"en"},{"RecordID":"141","Ordem":"","Titulo":"Derivatives market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Regulated\r\nor unregulated market where financial derivative instruments are traded. <\/span>","lingua":"en"},{"RecordID":"204","Ordem":"","Titulo":"Daily reset (of ETFs)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">In\r\nthe case of ETFs, the daily reset reflects the fact that the target return of\r\nthe ETF is calculated on a daily basis. In other words, the objective is to\r\ngenerate a return that is a multiple (positive or negative) of the daily return\r\nof the underlying indicator. Under these circumstances, the performance of the ETF\r\nover a longer period of time (e.g. weekly, monthly or annual return) may differ\r\nsignificantly from the performance of the underlying index over the same period. <\/span>","lingua":"en"},{"RecordID":"267","Ordem":"","Titulo":"Debt securities","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Issue\r\nof debt securities, usually bonds, by certain companies.<\/span>","lingua":"en"},{"RecordID":"277","Ordem":"","Titulo":"Detachable warrants","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\nproducts, usually traded on stock markets, that give the holder the right, but\r\nnot the obligation, to buy (call warrant) or sell (put warrant) the underlying\r\nasset to which they are linked at the price initially contracted (strike price)\r\nand at a future date also fixed in advance (maturity date). This product offers\r\na profit equal to the difference between the strike price and the price of the\r\nunderlying instrument at the time the right is exercised, in the case of put\r\nwarrants, and the difference between the price of the underlying asset at the\r\ntime the right is exercised and the strike price, in the case of call warrants.\r\nSince the buyer is under no obligation to exercise their rights, the worst case\r\nscenario is that the warrant has a zero value, but never a negative value. However,\r\nif the warrant has a zero value, the buyer loses the entire purchase price. In\r\nother words, the buyer makes a profit on the purchase of the warrant.<\/span>","lingua":"en"}],"L":[{"RecordID":"13","Ordem":"","Titulo":"Leverage","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nmore than proportionate relationship between the losses or gains resulting from\r\nan investment and the change in the price of the underlying asset or index. It\r\nresults from a process whereby an investor increases potential gains and\r\nlosses, thereby increasing risk. This process can be initiated by the investor\r\nthemselves by investing more than their own resources (by borrowing capital) or\r\nby using derivative financial instruments, which achieve the same effect by\r\nrequiring only a portion \u2013 i.e. a margin \u2013 of the total amount of the\r\ninvestment value to which the investor is exposed to be paid in upfront. <\/span>","lingua":"en"},{"RecordID":"19","Ordem":"","Titulo":"Long-short arbitrage (or Cash-and-carry)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nform of arbitrage characterised by combining the spot purchase of an asset with\r\nthe simultaneous forward sale (via a forward or a future) of the same asset. <\/span>","lingua":"en"},{"RecordID":"130","Ordem":"","Titulo":"Leverage Inverse ETF","Conteudo":"ETF que t\u00eam por objectivo obter um desempenho correspondente a um m\u00faltiplo da performance inversa do indicador de refer\u00eancia (isto é, da performance de uma posi\u00e7\u00e3o curta alavancada no indicador de refer\u00eancia). Trata-se assim de uma combina\u00e7\u00e3o das duas tipologias anteriores (Leveraged ETF e Inverse ETF). <\/p>","lingua":"pt"},{"RecordID":"130","Ordem":"","Titulo":"Leverage Inverse ETF","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">ETFs\r\nthat aim to achieve a performance that is a multiple of the inverse performance\r\nof the reference indicator (i.e. the performance of a leveraged short position\r\nin the reference indicator). It is therefore a combination of the two previous\r\ntypologies (leveraged ETF and inverse ETF).<\/span>","lingua":"en"},{"RecordID":"131","Ordem":"","Titulo":"Leveraged ETF","Conteudo":"Os ETF alavancados caracterizam-se por visar obter uma performance dependente do comportamento de m\u00faltiplo do respectivo indicador. Existem ETF cuja pol\u00edtica de investimento é duplicar ou triplicar o comportamento do indicador de refer\u00eancia.  <\/p>","lingua":"pt"},{"RecordID":"131","Ordem":"","Titulo":"Leveraged ETF","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncharacteristic of leveraged ETFs is that they seek to achieve a performance\r\nthat depends on the behaviour of a multiple of their indicator. There are ETFs\r\nwhose investment policy is to double or triple the performance of their reference\r\nindicator. <\/span>","lingua":"en"},{"RecordID":"132","Ordem":"","Titulo":"Liquida\u00e7\u00e3o Financeira","Conteudo":"Acto de apuramento e entrega do montante devido ao investidor ou devido pelo investidor, aquando do fim de uma opera\u00e7\u00e3o de investimento ou na maturidade do produto financeiro.  <\/p>","lingua":"pt"},{"RecordID":"133","Ordem":"","Titulo":"Liquidez","Conteudo":"Facilidade de transformar o investimento num dado activo em meios monet\u00e1rios. Essa facilidade envolve duas dimens\u00f5es: o tempo que demora a concretizar a transforma\u00e7\u00e3o do activo em moeda e o custo (designadamente, pelo facto de a transac\u00e7\u00e3o se dar a um pre\u00e7o inferior ao valor econ\u00f3mico real do activo em causa) que a transforma\u00e7\u00e3o implica. A liquidez pode definir-se pelo n\u00famero de unidades monet\u00e1rias que é necess\u00e1rio injectar ou retirar de um mercado para que o pre\u00e7o de um activo financeiro se altere. Assim, quanto mais elevado esse montante, maior a liquidez do activo e, consequentemente, do mercado. Se, pelo contr\u00e1rio, com transac\u00e7\u00f5es de pequeno valor se originar a altera\u00e7\u00e3o significativa do pre\u00e7o do activo estaremos na presen\u00e7a de um activo e de um mercado de reduzida liquidez.  <\/p>","lingua":"pt"},{"RecordID":"133","Ordem":"","Titulo":"Liquidity","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nability to convert the investment in a given asset into money. There are two\r\ndimensions to this: the time it takes to convert the asset into money and the\r\ncost of doing so (in particular, because the transaction takes place at a price\r\nbelow the real economic value of the asset in question). Liquidity can be\r\ndefined as the number of currency units that must be injected into or withdrawn\r\nfrom a market in order for the price of a financial asset to change. The larger\r\nthe amount, the more liquid the asset and, therefore, the market. If, on the\r\nother hand, small transactions result in a significant change in the price of\r\nthe asset, we are dealing with an asset and a market with low liquidity. <\/span>","lingua":"en"},{"RecordID":"149","Ordem":"","Titulo":"Lender","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nentity that lends the capital and receives the interest, the Bank.<\/span>","lingua":"en"},{"RecordID":"172","Ordem":"","Titulo":"Liability","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Liabilities\r\nare negative asset values representing debts, obligations, commitments or\r\nresponsibilities of the economic agent. Assets, on the other hand, are positive\r\nasset values, representing credits, rights or commodities that the economic\r\nagent has or should have in their possession. <\/span>","lingua":"en"},{"RecordID":"178","Ordem":"","Titulo":"Long position","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncontractual position taken by an investor who stands to gain from a rise in\r\nprice and suffer a loss from a fall in the price of the asset in question. So,\r\nfor example, if the investor initially takes a buying position in a futures\r\ncontract that is closed out by selling the same financial instrument at a lower\r\nprice, they will suffer a loss equal to the difference. if the position is\r\nclosed at a higher price, the investor will make a profit (see also Opening\r\nposition, Position reinforcement, Off-set\/Closing out, Short position, Square\r\nposition and Squaring a position). <\/span>","lingua":"en"},{"RecordID":"212","Ordem":"","Titulo":"Liquidity risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nrisk of having to wait a long time or incur high costs (e.g. by selling at a\r\nprice below the real economic value) to convert a given financial instrument\r\ninto currency. <\/span>","lingua":"en"}],"R":[{"RecordID":"14","Ordem":"","Titulo":"Repayment of outstanding principal. Repayment may be in full, where the entire outstanding principal is repaid, or partial, where only a portion of the outstanding principal is repaid.","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Repayment\r\nof outstanding principal. Repayment may be in full, where the entire\r\noutstanding principal is repaid, or partial, where only a portion of the outstanding\r\nprincipal is repaid. <\/span>","lingua":"en"},{"RecordID":"44","Ordem":"","Titulo":"Reverse certificates","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Reverse\r\ncertificates reflect the underlying asset\u2019s performance reversely. If the basis\r\nfor change is different, i.e. if the initial value of the certificate is not\r\nequal to the value of the underlying asset, divided by parity, the percentage\r\nchange may not be exactly symmetrical to the change in the underlying asset. <\/span>","lingua":"en"},{"RecordID":"144","Ordem":"","Titulo":"Regulated market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nmultilateral system operated and\/or managed by a market operator which allows\r\nor facilitates the pooling of multiple third-party interests in financial\r\ninstruments, within that system and in accordance with its non-discretionary\r\nrules, so as to result in a contract for financial instruments admitted to\r\ntrading under its rules and\/or systems, and which is authorised and operates\r\nregularly and in accordance with the provisions of Title III of Directive 2004\/39\/EC,\r\nof the Parliament and of the Council, of 21 April (Markets in Financial\r\nInstruments Directive \u2013 MiFID). <\/span>","lingua":"en"},{"RecordID":"152","Ordem":"","Titulo":"Rating","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nclassification of the risk level of a company or a financial instrument by a\r\nspecialised company (credit rating agency). The assessment of the level of risk\r\nmay focus generally on an issuer, taking into account their economic and\r\nfinancial situation and future prospects, or specifically on the credit risk of\r\na particular financial instrument, assessing the issuer\u2019s ability to pay their\r\ndebt on time. <\/span>","lingua":"en"},{"RecordID":"176","Ordem":"","Titulo":"Retirement savings plan (PPR)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsaver pays a certain amount of money, periodically or otherwise, to an\r\ninsurance company, a pension fund management company or a securities investment\r\nfund. The saver receives the accumulated sums and the investment income.<\/span>","lingua":"en"},{"RecordID":"195","Ordem":"","Titulo":"Recompra","Conteudo":"Termo utilizado para identificar o resgate de um activo financeiro antes do respectivo vencimento, através da sua compra pelo emitente. A recompra tem um efeito similar ao do reembolso antecipado, na medida em que o emitente deixa de dever a terceiros, mas ao contr\u00e1rio do reembolso antecipado que em norma é realizado ao valor nominal, a recompra é realizada ao pre\u00e7o de mercado. O termo é igualmente usado na express\u00e3o acordo de recompra, mas desta vez para identificar um acordo (também designado de Repo), através qual um agente econ\u00f3mico procede \u00e0 venda de um activo, mas simultaneamente assume a obriga\u00e7\u00e3o de proceder \u00e0 sua recompra numa data futura.  <\/p>","lingua":"pt"},{"RecordID":"195","Ordem":"","Titulo":"Repurchase","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Term\r\nused to describe the repurchase of a financial asset before maturity by the\r\nissuer. A repurchase has a similar effect to an early redemption in that the\r\nissuer is no longer indebted to a third party, but unlike an early redemption,\r\nwhich is usually settled at par, a repurchase is settled at market price. The\r\nterm is also used in the term repurchase agreement, but this time to refer to an\r\nagreement (also called a repo), whereby an agent sells an asset while accepting\r\nan obligation to repurchase it back at a later date. <\/span>","lingua":"en"},{"RecordID":"196","Ordem":"","Titulo":"Refor\u00e7o de Margens","Conteudo":"Realiza\u00e7\u00e3o de dep\u00f3sitos adicionais, em dinheiro ou valores mobili\u00e1rios, de forma a refor\u00e7ar a garantia (margem) caso se altere a rela\u00e7\u00e3o de proporcionalidade entre o valor do activo subjacente e o valor da margem exigida (ver Conta-Margem).  <\/p>","lingua":"pt"},{"RecordID":"197","Ordem":"","Titulo":"Refor\u00e7o de Posi\u00e7\u00e3o","Conteudo":"Realiza\u00e7\u00e3o de transac\u00e7\u00e3o que reforce uma posi\u00e7\u00e3o (longa ou curta) previamente existente. Assim, por exemplo, a venda de um contrato de futuros em que a posi\u00e7\u00e3o de partida é curta traduz-se num refor\u00e7o da posi\u00e7\u00e3o curta e a aquisi\u00e7\u00e3o de um contrato de futuros em que a posi\u00e7\u00e3o de partida é longa traduz-se no refor\u00e7o dessa posi\u00e7\u00e3o longa.  <\/p>","lingua":"pt"},{"RecordID":"198","Ordem":"","Titulo":"Regime Fiscal","Conteudo":"Conjunto de regras fiscais e parafiscais aplic\u00e1veis ao instrumento financeiro ou ao investidor. Note-se que a rentabilidade obtida por um investidor é sempre definida por fluxos monet\u00e1rios l\u00edquidos de impostos e n\u00e3o pelo seu valor il\u00edquido, pelo que na compara\u00e7\u00e3o de diferentes alternativas de investimento importa ter em considera\u00e7\u00e3o os respectivos regimes fiscais.  <\/p>","lingua":"pt"},{"RecordID":"199","Ordem":"","Titulo":"Rendas vital\u00edcias (perp\u00e9tuas)","Conteudo":"Trata-se de uma aplica\u00e7\u00e3o de médio\/longo prazo, especialmente criada para pessoas que queiram assegurar um rendimento peri\u00f3dico (renda) ao longo de toda a vida com base numa \u00fanica entrega de capital (prémio \u00fanico). <\/p>","lingua":"pt"},{"RecordID":"200","Ordem":"","Titulo":"Rendibilidade","Conteudo":"Rendimento potencial gerado por uma aplica\u00e7\u00e3o financeira. <\/p>","lingua":"pt"},{"RecordID":"201","Ordem":"","Titulo":"Rendimento bruto","Conteudo":"Rendimento de uma pessoa antes da dedu\u00e7\u00e3o das quantias devidas a t\u00edtulo de seguran\u00e7a social e outros impostos. <\/p>","lingua":"pt"},{"RecordID":"202","Ordem":"","Titulo":"Rendimento garantido","Conteudo":"Aplica\u00e7\u00f5es que garantem um rendimento. <\/p>","lingua":"pt"},{"RecordID":"203","Ordem":"","Titulo":"Rendimento l\u00edquido","Conteudo":"Rendimento de uma pessoa depois de deduzidas as contribui\u00e7\u00f5es para a seguran\u00e7a social e outros impostos. <\/p>","lingua":"pt"},{"RecordID":"204","Ordem":"","Titulo":"Reset Di\u00e1rio (dos ETF)","Conteudo":"No caso dos ETF, o reset di\u00e1rio traduz o facto da rentabilidade objectivo do ETF ser apurada numa base di\u00e1ria. Ou seja, por objectivo gerar uma rentabilidade que reproduza o m\u00faltiplo (positivo ou negativo) da rentabilidade di\u00e1ria do indicador subjacente. Nestas circunst\u00e2ncias, o desempenho do ETF ao longo de um per\u00edodo mais longo de tempo (exemplo: rentabilidade semanal, mensal ou anual) pode afastar-se significativamente do desempenho do indicador subjacente para esse per\u00edodo.  <\/p>","lingua":"pt"},{"RecordID":"205","Ordem":"","Titulo":"Resgate peri\u00f3dico","Conteudo":"Mesmo que \"resgatar\u201d com pagamentos que ocorrem em intervalos regulares. <\/p>","lingua":"pt"},{"RecordID":"206","Ordem":"","Titulo":"Reverse Convertible","Conteudo":"S\u00e3o valores mobili\u00e1rios que, atribuindo um direito de crédito ao titular, permitem ao emitente cumprir, alternativamente, nos termos fixados na delibera\u00e7\u00e3o de emiss\u00e3o, a sua obriga\u00e7\u00e3o na data de vencimento mediante pagamento em dinheiro do valor nominal do valor mobili\u00e1rio ou mediante a entrega de outros valores mobili\u00e1rios.  <\/p>","lingua":"pt"},{"RecordID":"206","Ordem":"","Titulo":"Reverse convertible","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">These\r\nare securities which, by granting a credit right to the holder, enable the\r\nissuer to settle its obligation at the maturity date either by paying in cash\r\nof the nominal value of the security or by delivering of other securities, in\r\naccordance with the terms set out in the resolution on the issuance. <\/span>","lingua":"en"},{"RecordID":"207","Ordem":"","Titulo":"Reversibilidade","Conteudo":"Instrumentos financeiros revers\u00edveis s\u00e3o aqueles em que (como acontece com os contratos de futuros) é poss\u00edvel reverter (isto é, encerrar) uma posi\u00e7\u00e3o previamente aberta realizando uma opera\u00e7\u00e3o de sentido inverso \u00e0 inicialmente estabelecida num contrato da mesma série do originalmente transaccionado. (Ver Encerramento\/Fecho de uma Posi\u00e7\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"207","Ordem":"","Titulo":"Reversibility","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Reverse\r\nfinancial instruments are those in which (as in the case of futures) it is\r\npossible to reverse (i.e. close) a previously opened position by making an\r\nopposite transaction to that originally established in a contract of the same\r\nseries as that originally traded (see Off-set\/Closing out). <\/span>","lingua":"en"},{"RecordID":"208","Ordem":"","Titulo":"Risco Cambial","Conteudo":"Incerteza quanto ao rendimento gerado por um instrumento financeiro em virtude da incerteza na evolu\u00e7\u00e3o das taxas de c\u00e2mbio. Este risco ser\u00e1 tanto maior quanto maior for a exposi\u00e7\u00e3o do instrumento financeiro e seus subjacentes a taxas de c\u00e2mbio.  <\/p>","lingua":"pt"},{"RecordID":"209","Ordem":"","Titulo":"Risco de Conflito de Interesses","Conteudo":"Risco de ocorrer um evento cujas consequ\u00eancias n\u00e3o se encontram total e completamente previstas nas cl\u00e1usulas contratuais ou na legisla\u00e7\u00e3o que regula o instrumento financeiro, ou cuja resolu\u00e7\u00e3o seja cometida ao emitente ou a terceiros, e de a sua resolu\u00e7\u00e3o ser concretizada de forma contr\u00e1ria aos interesses do investidor.  <\/p>","lingua":"pt"},{"RecordID":"210","Ordem":"","Titulo":"Risco de Contraparte","Conteudo":"Risco de que a contraparte de um neg\u00f3cio n\u00e3o cumpra as suas obriga\u00e7\u00f5es contratuais (isto é, o vendedor n\u00e3o entregue o activo vendido e o comprador n\u00e3o pague o pre\u00e7o acordado ou n\u00e3o cumpram qualquer outra obriga\u00e7\u00e3o contratualmente assumida).  <\/p>","lingua":"pt"},{"RecordID":"211","Ordem":"","Titulo":"Risco de Cr\u00e9dito (Risco de Incumprimento ou Default Risk)","Conteudo":"Termo que designa a possibilidade de os deveres, inerentes a determinado instrumento financeiro (normalmente o pagamento de juros e o reembolso do capital), n\u00e3o serem atempadamente cumpridos pelo respectivo emitente, em virtude de fal\u00eancia ou insolv\u00eancia.  <\/p>","lingua":"pt"},{"RecordID":"212","Ordem":"","Titulo":"Risco de Liquidez","Conteudo":"Risco de ter de esperar muito tempo ou incorrer em custos elevados (designadamente por ter de vender a um pre\u00e7o inferior ao valor econ\u00f3mico real) para transformar em moeda um dado instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"213","Ordem":"","Titulo":"Risco Pre\u00e7o","Conteudo":"Risco que incorre quem adquire num instrumento financeiro com maturidade superior ao horizonte temporal do seu investimento. Com efeito, o cancelamento do investimento implica a venda do instrumento financeiro no mercado secund\u00e1rio a um pre\u00e7o que é desconhecido no momento em que o investimento é concretizado.  <\/p>","lingua":"pt"},{"RecordID":"214","Ordem":"","Titulo":"Roll Over","Conteudo":"Extens\u00e3o de um contrato financeiro para l\u00e1 da sua data de vencimento original. Representa, na pr\u00e1tica, a troca de um contrato que est\u00e1 no seu vencimento, pelo contrato com vencimento seguinte. Esta situa\u00e7\u00e3o ocorre normalmente nos dois \u00faltimos dias antes da data de fecho do contrato inicial (por exemplo, na 3\u00aa sexta-feira de cada m\u00eas), pelos investidores que desejam manter as suas posi\u00e7\u00f5es abertas por mais tempo  <\/p>","lingua":"pt"},{"RecordID":"214","Ordem":"","Titulo":"Roll over","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nextension of a financial contract beyond its original maturity. In practice, it\r\nis the exchange of a contract that has reached its maturity date for a contract\r\nwith the next maturity date. This is usually done in the last two days before\r\nthe original contract expires (e.g. on the 3rd Friday of each month) by\r\ninvestors who wish to keep their positions open for longer.<\/span>","lingua":"en"},{"RecordID":"215","Ordem":"","Titulo":"Rolling Spot Forex Contracts","Conteudo":"Modalidade de futuros ou contratos diferenciais cuja valoriza\u00e7\u00e3o depende da evolu\u00e7\u00e3o comparativa do c\u00e2mbio de um par de divisas. Ao contr\u00e1rio dos contratos de forex spot, em que o investidor adquire uma determinada divisa num determinado momento (spot), os contratos com rolling spot transferem automaticamente a posi\u00e7\u00e3o do investidor para o dia seguinte, a n\u00e3o ser que ele determine o seu encerramento. S\u00e3o, por isso, opera\u00e7\u00f5es em que o investidor fica exposto \u00e0 evolu\u00e7\u00e3o das divisas enquanto a posi\u00e7\u00e3o se mantiver aberta, fazendo ajuste de ganhos e perdas di\u00e1rias. Estes contratos podem ter liquida\u00e7\u00e3o f\u00edsica (entrega das divisas contratadas) ou liquida\u00e7\u00e3o financeira (liquida\u00e7\u00e3o em dinheiro das diferen\u00e7as entre a posi\u00e7\u00e3o inicial e a posi\u00e7\u00e3o final).  <\/p>","lingua":"pt"},{"RecordID":"215","Ordem":"","Titulo":"Rolling spot forex contracts","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ntype of futures or contract for difference whose value depends on the\r\ncomparative fluctuation of the exchange rate of a currency pair. Unlike spot forex\r\ncontracts, where the investor buys a specific currency at a specific time (spot),\r\nrolling spot contracts automatically roll over the investor\u2019s position to the\r\nnext day, unless the investor decides to close out the position. They are\r\ntherefore transactions in which the investor is exposed to currency movements\r\nfor as long as the position remains open, with daily adjustments for gains and\r\nlosses. These contracts can be physically settled (delivery of the contracted\r\ncurrencies) or financially settled (cash settlement of the differences between\r\nthe initial and final positions). <\/span>","lingua":"en"},{"RecordID":"245","Ordem":"","Titulo":"Real interest rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest\r\nrate expressed in real terms, i.e. the nominal interest rate adjusted for\r\ninflation.<\/span>","lingua":"en"},{"RecordID":"247","Ordem":"","Titulo":"Rate of return","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nindicator, expressed in relative terms (usually as a percentage), of the gain\r\nor loss on an investment over a given period, including both capital gains\r\n(i.e. the difference between the sale price and the purchase price of the\r\ninstruments in which the financial investment is realised) and intermediate\r\nfinancial flows (namely dividends or other income distributed during the period\r\nin which the investment is held). For example, someone who buys a share for 100,\r\nreceives a dividend of 5, and sells the share for 110 after receiving the\r\ndividend will make a 15% return. <\/span>","lingua":"en"},{"RecordID":"248","Ordem":"","Titulo":"Rate of change","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nindicator, expressed in relative terms (usually as a percentage), of the change\r\nin value of a given variable. For example, if the price of a financial\r\ninstrument increases from 100 to 110, the rate of change is 10%. This rate of\r\nchange is the same as the rate of return if there are no intermediate cash\r\nflows, but this is not the case if interest or dividends have been distributed. <\/span>","lingua":"en"},{"RecordID":"275","Ordem":"","Titulo":"Realised volatility","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\neffective volatility of the asset price in the future. It is not known at the\r\noutset and, once verified, becomes historical volatility. Traders in options\r\nmarkets try to get their estimate \u2013 the implied volatility \u2013 as close as\r\npossible to the realised volatility. <\/span>","lingua":"en"}],"B":[{"RecordID":"23","Ordem":"","Titulo":"Barreira de Knock-Out","Conteudo":"A barreira de knock-out representa uma fasquia ou valor (por exemplo, de cota\u00e7\u00e3o, ou de taxa de juro) que, uma vez alcan\u00e7ado ou verificado, determina o vencimento e o reembolso (antecipado em rela\u00e7\u00e3o a uma data pré-definida) de um capital em d\u00edvida. Pode originar um cash rebate.  <\/p>","lingua":"pt"},{"RecordID":"24","Ordem":"","Titulo":"Base","Conteudo":" Diferen\u00e7a entre o pre\u00e7o do futuro e o pre\u00e7o do activo subjacente.  <\/p>","lingua":"pt"},{"RecordID":"24","Ordem":"","Titulo":"Base price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ndifference between the price of the futures contract and the price of the\r\nunderlying asset.<\/span>","lingua":"en"},{"RecordID":"25","Ordem":"","Titulo":"BEAR MARKET","Conteudo":"Designa\u00e7\u00e3o que se d\u00e1 ao mercado quando os pre\u00e7os se encontram em baixa, com uma tend\u00eancia generalizada de queda das cota\u00e7\u00f5es, relativamente prolongada, reflectindo o sentimento de pessimismo dos investidores. <\/p>","lingua":"pt"},{"RecordID":"25","Ordem":"","Titulo":"BEAR MARKET","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nterm used to describe a market experiencing prolonged price declines,\r\nreflecting the pessimistic sentiment of investors.<\/span>","lingua":"en"},{"RecordID":"26","Ordem":"","Titulo":"Benchmark","Conteudo":"Padr\u00e3o que serve de refer\u00eancia para medir o desempenho de um instrumento, produto ou aplica\u00e7\u00e3o financeira. Frequentemente consiste em \u00edndices de cota\u00e7\u00f5es de ac\u00e7\u00f5es ou de obriga\u00e7\u00f5es ou em taxas de juros.  <\/p>","lingua":"pt"},{"RecordID":"26","Ordem":"","Titulo":"Benchmark","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nbenchmark against which the performance of a financial instrument, product or\r\ninvestment is measured. It often consists of stock or bond price indices or\r\ninterest rates. <\/span>","lingua":"en"},{"RecordID":"27","Ordem":"","Titulo":"BID (comprador)","Conteudo":"Pre\u00e7o correspondente ao melhor comprador. É o pre\u00e7o que o comprador est\u00e1 disposto a pagar para deter uma determinada ac\u00e7\u00e3o em carteira. Representa o pre\u00e7o obtido caso se queira vender de imediato um activo. <\/p>","lingua":"pt"},{"RecordID":"27","Ordem":"","Titulo":"BID (Buyer)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Best\r\nbid price. This is the price the buyer is willing to pay to hold a particular\r\nshare in the portfolio. It is the price that an investor would receive if they\r\nwanted to sell an asset immediately.<\/span>","lingua":"en"},{"RecordID":"28","Ordem":"","Titulo":"Bilhetes do Tesouro - BT","Conteudo":"T\u00edtulos de d\u00edvida p\u00fablica de curto prazo emitidos a desconto.  <\/p>","lingua":"pt"},{"RecordID":"29","Ordem":"","Titulo":"Bolsa de Valores","Conteudo":"Pra\u00e7a ou mercado onde se negoceiam (compram e vendem) valores mobili\u00e1rios e instrumentos financeiros derivados.  <\/p>","lingua":"pt"},{"RecordID":"30","Ordem":"","Titulo":"BREAK EVEN","Conteudo":"É o momento em que a nossa posi\u00e7\u00e3o tem um ganho\/perda nulo. <\/p>","lingua":"pt"},{"RecordID":"30","Ordem":"","Titulo":"BREAK EVEN","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\npoint at which the position reflects neither profit nor loss.<\/span>","lingua":"en"},{"RecordID":"31","Ordem":"","Titulo":"Broker","Conteudo":"Entidade ou indiv\u00edduo que actua como intermedi\u00e1rio financeiro cobrando uma comiss\u00e3o pelas transac\u00e7\u00f5es realizadas. <\/p>","lingua":"pt"},{"RecordID":"31","Ordem":"","Titulo":"Broker","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA;\r\nmso-bidi-font-style:italic\">An entity or a person that acts as financial\r\nintermediary by charging a commission for the transactions that are carried out.<\/span>","lingua":"en"},{"RecordID":"32","Ordem":"","Titulo":"Bull Market","Conteudo":"Per\u00edodo de optimismo no mercado com movimentos ascendentes dos instrumentos financeiros. <\/p>","lingua":"pt"},{"RecordID":"32","Ordem":"","Titulo":"Bull market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA;\r\nmso-bidi-font-style:italic\">A period of optimism in the markets with upward\r\nmovements in the financial instruments.<\/span>","lingua":"en"},{"RecordID":"52","Ordem":"","Titulo":"Bond warrant","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Bonds\r\nthat give the right to subscribe for one or more of the issuer's shares within\r\nthe time and price limits set when bond is issued. <\/span>","lingua":"en"},{"RecordID":"105","Ordem":"","Titulo":"Bank guarantee","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Credit\r\noperation in which a bank guarantees to third parties (beneficiaries) the fulfilment\r\nof the obligations entered into by its clients (authorising parties).<\/span>","lingua":"en"},{"RecordID":"150","Ordem":"","Titulo":"Borrower","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nentity that receives the loan and pays the interest \u2013 the Client.<\/span>","lingua":"en"},{"RecordID":"154","Ordem":"","Titulo":"Bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\ninstrument for companies and public bodies that allows companies (or other\r\nbodies) to finance themselves by issuing bonds \u2013 debt securities \u2013 that\r\ninvestors can subscribe to as an alternative to, for example, bank loans.<\/span> ","lingua":"en"},{"RecordID":"220","Ordem":"","Titulo":"Brokers","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\nfirms that buy and sell securities on the stock market on behalf of their\r\nclients.<\/span>","lingua":"en"},{"RecordID":"243","Ordem":"","Titulo":"Borrowing interest rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate paid by banks for loans received from clients, which may be in\r\nthe form of demand deposits, term deposits, bond loans or other products with similar\r\ncharacteristics. It is referred to as a \"borrowing interest rate\u201d because it is\r\nrecorded in the bank\u2019s liability accounts, as it represents a debt or liability\r\nowed by the bank to its clients. <\/span>","lingua":"en"},{"RecordID":"260","Ordem":"","Titulo":"Bank transfer","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Operation\r\ncarried out through a credit institution, consisting of the transfer of funds\r\nbetween bank deposit accounts.<\/span>","lingua":"en"}],"K":[{"RecordID":"23","Ordem":"","Titulo":"Knock-out barrier","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nknock-out barrier is a threshold or value (e.g. a price or interest rate) which,\r\nonce reached or verified, determines the maturity and repayment (before a\r\npre-defined date) of an outstanding principal. It may result in a cash\r\nrebate. <\/span>","lingua":"en"}],"T":[{"RecordID":"28","Ordem":"","Titulo":"Treasury Bills \u2013 TB","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:\r\n107%;font-family:\"Calibri\",sans-serif;mso-ascii-theme-font:minor-latin;\r\nmso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:\r\nminor-latin;mso-bidi-font-family:\"Times New Roman\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Short-term\r\ngovernment bonds issued at a discount. <\/span>","lingua":"en"},{"RecordID":"75","Ordem":"","Titulo":"Term deposit","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nbanking operation whereby banks raise funds from the public, take ownership of\r\nthe funds for a pre-determined period of time (maturity) and assume the status\r\nof debtors vis-\u00e0-vis depositors in respect of the funds deposited. These\r\ndeposits constitute a savings investment and are governed by a contract that\r\nsets out the applicable terms and conditions (such as maturity, interest rate\r\nand penalties for early withdrawal). <\/span>","lingua":"en"},{"RecordID":"97","Ordem":"","Titulo":"Treasury investment fund","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nlow-risk financial product that invests at least 35% of its portfolio in high\r\nliquidity assets. Money market funds are excluded from these funds.<\/span>","lingua":"en"},{"RecordID":"151","Ordem":"","Titulo":"Type of options","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Options\r\nare divided into two categories: call options and put options. <\/span>","lingua":"en"},{"RecordID":"198","Ordem":"","Titulo":"Tax scheme","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nset of tax and related rules applicable to the financial instrument or the investor.\r\nIt should be noted that the return obtained by an investor is always defined by\r\nthe cash flows net of tax and not by their gross value, so when comparing\r\ndifferent investment alternatives it is important to take into account their\r\nrespective tax schemes. <\/span>","lingua":"en"},{"RecordID":"229","Ordem":"","Titulo":"TAE","Conteudo":"Taxa Anual Efectiva é a taxa que mede todos os custos associados a um determinado empréstimo, incluindo os juros e outros encargos que lhes estejam associados. <\/p>","lingua":"pt"},{"RecordID":"230","Ordem":"","Titulo":"TAEG","Conteudo":"Taxa Anual de Encargos Efectiva Global é o custo total do crédito para o consumidor expresso em percentagem anual do montante do crédito concedido. Distingue-se da TAE por incluir também os impostos associados a um empréstimo e por se referir apenas ao crédito ao consumo. A f\u00f3rmula de c\u00e1lculo é regulada pelo Decreto-Lei n\u00ba 359\/91, de 21 de Setembro.  <\/p>","lingua":"pt"},{"RecordID":"231","Ordem":"","Titulo":"TANB","Conteudo":"Taxa Anual Nominal Bruta é a taxa que é comunicada pelas institui\u00e7\u00f5es banc\u00e1rias, e que remunera determinada aplica\u00e7\u00e3o. É uma Taxa Anual porque se refere ao per\u00edodo de um ano. É uma Taxa Nominal, porque pode n\u00e3o levar em conta o per\u00edodo efectivo da aplica\u00e7\u00e3o. Trata-se de uma Taxa Bruta porque n\u00e3o est\u00e1 expurgada do IRS cuja reten\u00e7\u00e3o é feita na fonte (pelo Banco). <\/p>","lingua":"pt"},{"RecordID":"232","Ordem":"","Titulo":"TANL","Conteudo":"Taxa Anual Nominal L\u00edquida é equivalente \u00e0 TANB l\u00edquida (deduzida) da reten\u00e7\u00e3o de IRS ou seja aquilo que efectivamente o cliente ir\u00e1 receber.  <\/p>","lingua":"pt"},{"RecordID":"233","Ordem":"","Titulo":"Taxa de C\u00e2mbio","Conteudo":" A taxa de c\u00e2mbio é o pre\u00e7o de uma moeda, expresso em unidades monet\u00e1rias de outra moeda.  <\/p>","lingua":"pt"},{"RecordID":"234","Ordem":"","Titulo":"Taxa de C\u00e2mbio a Prazo (Forward)","Conteudo":"Taxa de c\u00e2mbio fixada no momento presente para servir de base a uma troca futura de uma dada quantidade de uma moeda por outra.  <\/p>","lingua":"pt"},{"RecordID":"235","Ordem":"","Titulo":"Taxa de C\u00e2mbio \u00e0 Vista (Spot)","Conteudo":"Taxa de c\u00e2mbio para a entrega imediata de divisas.  <\/p>","lingua":"pt"},{"RecordID":"236","Ordem":"","Titulo":"Taxa de Cup\u00e3o","Conteudo":"Taxa de juro que, quando multiplicada pelo valor nominal de uma obriga\u00e7\u00e3o, determina o montante do juro peri\u00f3dico devido emitente ao obrigacionista. (Ver Cup\u00e3o)  <\/p>","lingua":"pt"},{"RecordID":"237","Ordem":"","Titulo":"Taxa de Juro","Conteudo":"Juro relativo a um capital unit\u00e1rio que se vence num dado per\u00edodo de tempo. Em geral é expresso em percentagem do valor nominal. Usualmente o per\u00edodo de tempo a que se refere o juro é o ano, sendo por isso a taxa de juro dita anual, porém nem sempre isso acontece, pelo que deve ser dada especial aten\u00e7\u00e3o a este aspecto. Dado que nem sempre o per\u00edodo de capitaliza\u00e7\u00e3o \u2013 isto é, o per\u00edodo compreendido entre dois momentos consecutivos de vencimento de juros \u2013 as taxas de juro nominal e efectiva poder\u00e3o diferir. Sempre que o per\u00edodo de capitaliza\u00e7\u00e3o é inferior a um ano, a taxa anual efectiva é superior \u00e0 taxa anual nominal. (Ver Juro, Taxa de Juro Nominal, Taxa de Juro Efectiva e Valor Nominal)  <\/p>","lingua":"pt"},{"RecordID":"238","Ordem":"","Titulo":"Taxa de Juro a Prazo (ou Taxa de Juro Forward)","Conteudo":"Taxa de juro fixada no presente para um empréstimo a concretizar numa determinada data futura. Esta designa\u00e7\u00e3o também é correntemente usada para identificar as taxas de juro (a prazo ou forward) impl\u00edcitas na compara\u00e7\u00e3o entre duas taxas de juro \u00e0 vista para prazos distintos, admitindo equival\u00eancia entre investir pelo prazo mais curto e fazer o reinvestimento, ou investir pelo prazo mais longo. Assim, por exemplo, investir por dois anos a uma taxa \u00e0 vista de 10,00% ao ano, é equivalente a investir por um ano a uma taxa de juro de 9,50% e investir entre o ano um e o ano dois \u00e0 taxa de 10,5023%.  <\/p>","lingua":"pt"},{"RecordID":"239","Ordem":"","Titulo":"Taxa de Juro \u00e0 Vista","Conteudo":"Taxa de juro fixada no presente para um empréstimo contra\u00eddo ou para a remunera\u00e7\u00e3o de uma aplica\u00e7\u00e3o financeira celebrada na mesma data. No caso da aplica\u00e7\u00e3o financeira a taxa de juro pode n\u00e3o ser expressamente negociada, mas resultar implicitamente do pre\u00e7o do instrumento financeiro em que essa aplica\u00e7\u00e3o se concretiza (Vide Taxa Interna de Rentabilidade).  <\/p>","lingua":"pt"},{"RecordID":"240","Ordem":"","Titulo":"Taxa de Juro Bruta (ou Taxa de Juro Il\u00edquida)","Conteudo":"É a taxa de juro il\u00edquida de impostos. Para obter a taxa de juro l\u00edquida é necess\u00e1rio deduzir o montante dos impostos incidentes sobre os juros (Ver Juro, Taxa de Juro Nominal, Taxa de Juro Efectiva, Taxa de Juro L\u00edquida e Valor Nominal).  <\/p>","lingua":"pt"},{"RecordID":"241","Ordem":"","Titulo":"Taxa de Juro Fixa","Conteudo":"Taxa de juro fixada no momento da emiss\u00e3o e que se mantém inalterada durante a vida do empréstimo. (Ver Juro, Taxa de Juro Nominal, Taxa de Juro Efectiva e Valor Nominal).  <\/p>","lingua":"pt"},{"RecordID":"242","Ordem":"","Titulo":"Taxa de Juro L\u00edquida","Conteudo":"É a Taxa de Juro l\u00edquida de impostos, isto é, a taxa de juro bruta deduzida do montante dos impostos incidentes sobre os juros (Ver Juro, Taxa de Juro Nominal, Taxa de Juro Efectiva, Taxa de Juro Bruta e Valor Nominal)  <\/p>","lingua":"pt"},{"RecordID":"243","Ordem":"","Titulo":"Taxa de juro passiva","Conteudo":"Taxa de juro que os banco tem de pagar pelos empréstimos que obteve dos clientes, os quais podem ser representados por dep\u00f3sitos \u00e0 ordem, dep\u00f3sitos a prazo, empréstimos obrigacionistas ou outros produtos de caracter\u00edsticas semelhantes. Designa-se por passiva porque se inscreve nas contas do Passivo dos bancos, visto representar uma d\u00edvida ou responsabilidade deste para com os clientes.  <\/p>","lingua":"pt"},{"RecordID":"244","Ordem":"","Titulo":"Taxa de juro preferencial (prime rate)","Conteudo":"Taxa praticada pelos bancos na concess\u00e3o de empréstimos aos seus melhores clientes. <\/p>","lingua":"pt"},{"RecordID":"245","Ordem":"","Titulo":"Taxa de juro real","Conteudo":"Taxa de juro expressa em termos reais, isto é, ser\u00e1 a taxa de juro nominal corrigida da infla\u00e7\u00e3o. <\/p>","lingua":"pt"},{"RecordID":"246","Ordem":"","Titulo":"Taxa de Juro Vari\u00e1vel (ou Taxa de Juro Indexada)","Conteudo":"Taxa de juro que varia periodicamente de acordo com a evolu\u00e7\u00e3o de uma taxa de refer\u00eancia de mercado (indexante). A taxa em vigor em cada per\u00edodo de contagem e juros obtém-se, assim, aplicando o valor da taxa de refer\u00eancia apurado numa determinada data de observa\u00e7\u00e3o a uma f\u00f3rmula previamente determinada. Frequentemente essa f\u00f3rmula limita-se a somar uma import\u00e2ncia fixa (spread da taxa de juro) ao valor do indexante. (Ver Taxa de Cup\u00e3o e Taxa de Juro Vari\u00e1vel)  <\/p>","lingua":"pt"},{"RecordID":"247","Ordem":"","Titulo":"Taxa de Rentabilidade","Conteudo":"Valor que exprime, em termos relativos (em regra percentuais), o ganho ou a perda de uma aplica\u00e7\u00e3o financeira realizada durante um determinado per\u00edodo de tempo, tendo em conta quer os ganhos de capital (isto é, a diferen\u00e7a entre o pre\u00e7o de aliena\u00e7\u00e3o e o pre\u00e7o de aquisi\u00e7\u00e3o dos instrumentos em que se materializou a aplica\u00e7\u00e3o financeira), mas igualmente considerando os fluxos financeiros intermédios (designadamente, os dividendos ou outros rendimentos distribu\u00eddos durante o per\u00edodo em que o investimento foi mantido). Assim, por exemplo, quem comprar uma ac\u00e7\u00e3o por 100, receber um dividendo de 5 e a alienar a ac\u00e7\u00e3o ap\u00f3s o recebimento do dividendo por 110 obtém uma taxa de rentabilidade de 15%.  <\/p>","lingua":"pt"},{"RecordID":"248","Ordem":"","Titulo":"Taxa de Varia\u00e7\u00e3o","Conteudo":"Valor que exprime, em termos relativos (em regra percentuais), a altera\u00e7\u00e3o de valor de uma dada vari\u00e1vel. Assim, por exemplo, se o pre\u00e7o de um instrumento financeiro passar de 100 para 110 a taxa de varia\u00e7\u00e3o é de 10%. Esta taxa de varia\u00e7\u00e3o coincide com a taxa de rentabilidade caso n\u00e3o haja fluxos monet\u00e1rios intermédios, mas tal n\u00e3o acontecer\u00e1 se tiverem sido distribu\u00eddos juros ou dividendos.  <\/p>","lingua":"pt"},{"RecordID":"249","Ordem":"","Titulo":"Taxa Interna de Rentabilidade (TIR ou Yield)","Conteudo":"Taxa de rentabilidade impl\u00edcita no pre\u00e7o de uma obriga\u00e7\u00e3o. Isto é, é a taxa para a qual se verifica que o valor actual dos juros e do capital a reembolsar é igual ao pre\u00e7o da obriga\u00e7\u00e3o. Frequentemente esta taxa é designada pela express\u00e3o anglo-sax\u00f3nica Yield ou Yield to Maturity. Esta \u00faltima expressamente indica que a taxa interna de rentabilidade foi calculada assumindo que a obriga\u00e7\u00e3o ser\u00e1 detida até \u00e0 maturidade. No caso das obriga\u00e7\u00f5es com call option é frequente calcular-se a Yield to Next Call que é a taxa de rentabilidade impl\u00edcita que é obtida assumindo que a obriga\u00e7\u00e3o ser\u00e1 reembolsada na data mais pr\u00f3xima em que isso pode acontecer.  <\/p>","lingua":"pt"},{"RecordID":"250","Ordem":"","Titulo":"Taxa swap","Conteudo":"A taxa de juro swap é uma taxa de médio\/longo prazo para diferentes prazos e, por conseguinte, com um valor para cada um dos respectivos prazos de refer\u00eancia, designadamente, de 1 a 10 anos, 12, 15, 20, 25 e 30 anos). Esta é a taxa de juro fixa de refer\u00eancia do mercado interbanc\u00e1rio. A ISDA (International Swaps and Derivatives Association) e plataformas electr\u00f3nicas de informa\u00e7\u00e3o especializada divulgam diariamente e ao longo do dia o valor das principais taxas swap. <\/p>","lingua":"pt"},{"RecordID":"251","Ordem":"","Titulo":"Tick","Conteudo":"M\u00ednima flutua\u00e7\u00e3o de pre\u00e7o admitida pela bolsa na transac\u00e7\u00e3o de um instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"251","Ordem":"","Titulo":"Tick","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Minimum\r\nprice fluctuation permitted by the exchange when trading a financial instrument. <\/span>","lingua":"en"},{"RecordID":"252","Ordem":"","Titulo":"T\u00edtulos de participa\u00e7\u00e3o","Conteudo":"T\u00edtulos representativos de endividamento por parte de empresas p\u00fablicas e sociedades an\u00f3nimas pertencentes maioritariamente ao Estado (de uma forma directa ou indirecta) que se destinam \u00e0 angaria\u00e7\u00e3o de capitais permanentes para ocorrer \u00e0s necessidades de fundos est\u00e1veis. O seu car\u00e1cter de longo prazo reflecte-se na possibilidade de convers\u00e3o em capital e nas condi\u00e7\u00f5es de reembolso: s\u00f3 podem ser reembolsados em caso de liquida\u00e7\u00e3o da empresa, circunst\u00e2ncia que lhes confere uma natureza an\u00e1loga \u00e0 das ac\u00e7\u00f5es, ou decorridos dez anos, se a entidade emitente assim o decidir, e nos termos definidos aquando da sua emiss\u00e3o. Estes t\u00edtulos conferem o direito a uma remunera\u00e7\u00e3o anual composta por uma parte fixa, independente dos resultados da entidade emitente, e por uma parte vari\u00e1vel, dependente daqueles resultados. Note-se que, caso a empresa emitente seja privatizada, os t\u00edtulos de participa\u00e7\u00e3o por ela emitidos mant\u00eam a sua natureza, pelo que se pode dar o caso de t\u00edtulos de participa\u00e7\u00e3o pertencerem a empresas privadas. Incluem-se instrumentos similares emitidos em mercados estrangeiros. <\/p>","lingua":"pt"},{"RecordID":"253","Ordem":"","Titulo":"Tracker","Conteudo":"ETF cuja estratégia de investimento é apenas seguir o indicador de refer\u00eancia (gest\u00e3o passiva).  <\/p>","lingua":"pt"},{"RecordID":"253","Ordem":"","Titulo":"Tracker","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">ETF\r\nwhose investment strategy is solely to track the benchmark (passive management). <\/span>","lingua":"en"},{"RecordID":"254","Ordem":"","Titulo":"Tracking Error","Conteudo":"É a diverg\u00eancia entre os ganhos ou perdas de uma determinada carteira de instrumentos financeiros destinado a seguir um benchmark ou \u00edndice e os ganhos ou perdas desse benchmark ou \u00edndice. Especificamente nos ETF, representa o desvio do desempenho do ETF face ao desempenho do respectivo indicador de refer\u00eancia, medido através do desvio-padr\u00e3o da diferen\u00e7a entre as respectivas rentabilidades.  <\/p>","lingua":"pt"},{"RecordID":"254","Ordem":"","Titulo":"Tracking Error","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ndifference between the gains or losses of a given portfolio of financial\r\ninstruments designed to track a benchmark or index and the gains or losses of\r\nthat benchmark or index. Specifically for ETFs, it represents the deviation of\r\nthe ETF\u2019s performance from that of its benchmark, measured by the standard\r\ndeviation of the difference between their respective returns. <\/span>","lingua":"en"},{"RecordID":"255","Ordem":"","Titulo":"TRAILING STOP","Conteudo":"Ordem stop m\u00f3vel associada a um neg\u00f3cio cuja parametriza\u00e7\u00e3o permite a evolu\u00e7\u00e3o com o pre\u00e7o actual do activo. <\/p>","lingua":"pt"},{"RecordID":"255","Ordem":"","Titulo":"TRAILING STOP","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ntrailing stop order attached to a trade, parameterised to allow it to evolve\r\naccording to the asset\u2019s current price.<\/span>","lingua":"en"},{"RecordID":"256","Ordem":"","Titulo":"Transfer\u00eancia a cr\u00e9dito","Conteudo":"Opera\u00e7\u00e3o banc\u00e1ria efectuada por iniciativa do ordenante, realizada através de uma institui\u00e7\u00e3o de crédito e destinada a colocar fundos \u00e0 disposi\u00e7\u00e3o de um benefici\u00e1rio. <\/p>","lingua":"pt"},{"RecordID":"257","Ordem":"","Titulo":"Transfer\u00eancia a cr\u00e9dito intrabanc\u00e1ria","Conteudo":"O prestador de servic\u00b8os de pagamento transfere, por ordem do cliente, fundos da conta do cliente para outra conta na mesma instituic\u00b8a~o.  <\/p>","lingua":"pt"},{"RecordID":"258","Ordem":"","Titulo":"Transfer\u00eancia a cr\u00e9dito n\u00e3o SEPA +","Conteudo":"O prestador de servi\u00e7os de pagamento transfere, por ordem do Cliente, fundos da conta do Cliente para outra conta fora do espa\u00e7o SEPA+.<\/p> <\/p> ","lingua":"pt"},{"RecordID":"259","Ordem":"","Titulo":"Transfer\u00eancia a cr\u00e9dito SEPA +","Conteudo":"O prestador de servi\u00e7os de pagamento transfere, por ordem do Cliente, fundos da conta do Cliente para outra conta no espa\u00e7o SEPA+.  <\/p>","lingua":"pt"},{"RecordID":"260","Ordem":"","Titulo":"Transfer\u00eancia banc\u00e1ria","Conteudo":"Opera\u00e7\u00e3o realizada através de uma institui\u00e7\u00e3o de crédito que consiste em movimentar fundos entre contas de dep\u00f3sito banc\u00e1rio. <\/p>","lingua":"pt"},{"RecordID":"264","Ordem":"","Titulo":"Transaction value \u2013 TV","Conteudo":"Price\r\nat which the bond is actually traded on the secondary market: TV = <a>Vc <\/a><\/span><a id=\"_anchor_1\" href=\"#_msocom_1\" language=\"JavaScript\" name=\"_msoanchor_1\">[F1]<\/a><\/span>+ Accrued Interest (AI).<\/span><div><div><div id=\"_com_1\" language=\"JavaScript\">\r\n\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n<\/div>","lingua":"en"}],"I":[{"RecordID":"36","Ordem":"","Titulo":"Interest rate cap","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ncontractual limitation of the interest rate paid on a contracted loan, against\r\nthe payment of a premium, which may be set out in a separately marketed\r\ncontractual instrument that is completely independent of the loan granted. It\r\nallows the investor to hedge against interest rate hikes, thus limiting the\r\nresulting losses. If interest rates do not exceed the contractual cap, the\r\ninvestor has paid a premium without receiving any compensation in the form of a\r\nreduction in the amount of interest payable. If the amount of borrowing contracted\r\nand the notional principal amount underlying the hedging instrument are\r\ndifferent, the investor cannot fully hedge its interest rate. <\/span>","lingua":"en"},{"RecordID":"38","Ordem":"","Titulo":"Invested capital","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Amount\r\nor value invested in a banking or financial product.<\/span>","lingua":"en"},{"RecordID":"81","Ordem":"","Titulo":"Issue","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\noperation whereby securities are created and offered for subscription to\r\ninvestors who wish to purchase them. The issue and subscription take place on\r\nthe primary market. This contrasts with the secondary market, which is where securities\r\nare subsequently traded by those who have already subscribed or acquired them\r\non the said market. <\/span>","lingua":"en"},{"RecordID":"82","Ordem":"","Titulo":"Issue discount","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An issue\r\nis said to be at a discount if the price is lower than the par value of the\r\nfinancial instrument. <\/span>","lingua":"en"},{"RecordID":"84","Ordem":"","Titulo":"Issue at par","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nissue is said to be at par if the price is equal to the par value of the\r\nfinancial instrument. <\/span>","lingua":"en"},{"RecordID":"85","Ordem":"","Titulo":"Issuer, issuing body","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\ninstitution that issues payment cards (credit, debit or prepaid). In electronic\r\nmoney systems (prepaid or stored value), the entity that receives payments in\r\nexchange for value distributed in the system and is obliged to pay transactions\r\nor redeem balances.<\/span>","lingua":"en"},{"RecordID":"96","Ordem":"","Titulo":"Investment fund","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\norganisation whose purpose is the collective investment of the savings of\r\ninvestors (unit holders), whose operation is subject to the principle of risk\r\ndiversification and the pursuit of the exclusive interest of the unit holders. It\r\nis an independent portfolio (owned by the unit holders) managed by experts (management\r\ncompanies). <\/span>","lingua":"en"},{"RecordID":"108","Ordem":"","Titulo":"In-the-Money","Conteudo":"Situa\u00e7\u00e3o em que o pre\u00e7o de exerc\u00edcio de uma op\u00e7\u00e3o ou warrant se situa abaixo (no caso da call) ou acima (no caso da put) do pre\u00e7o de mercado do activo subjacente. Significa isto que nas actuais condi\u00e7\u00f5es de mercado o exerc\u00edcio da op\u00e7\u00e3o ou do warrant conduziria a um ganho. Porém, esse ganho pode ou n\u00e3o ser suficiente para compensar o prémio pago pela op\u00e7\u00e3o.  <\/p>","lingua":"pt"},{"RecordID":"108","Ordem":"","Titulo":"In-the-Money","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nsituation in which the strike price of an option or warrant is below (in the\r\ncase of a call) or above (in the case of a put) the market price of the\r\nunderlying asset. This means that, under current market conditions, exercising\r\nthe option or warrant would result in a profit. However, this gain may or may\r\nnot be sufficient to offset the premium paid for the option. <\/span>","lingua":"en"},{"RecordID":"109","Ordem":"","Titulo":"Incumprimento","Conteudo":"Situa\u00e7\u00e3o de n\u00e3o pagamento atempado das d\u00edvidas por parte do devedor. <\/p>","lingua":"pt"},{"RecordID":"110","Ordem":"","Titulo":"Indexante","Conteudo":"Taxa de juro representativa das condi\u00e7\u00f5es de mercado, utilizado como refer\u00eancia nos empréstimos com taxa vari\u00e1vel. O juro a pagar pelo devedor é dado pela soma do indexante com o spread. <\/p>","lingua":"pt"},{"RecordID":"110","Ordem":"","Titulo":"Index (or benchmark)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest\r\nrate reflecting market conditions, used as a benchmark for variable-rate loans.\r\nThe interest payable by the borrower is given by the sum of the index and the\r\nspread.<\/span>","lingua":"en"},{"RecordID":"111","Ordem":"","Titulo":"\u00cdndice de Cota\u00e7\u00f5es de Ac\u00e7\u00f5es","Conteudo":"N\u00famero \u00edndice cuja taxa de varia\u00e7\u00e3o entre duas datas é igual \u00e0 taxa de varia\u00e7\u00e3o do valor de mercado da carteira que esse \u00edndice representa.  <\/p> ","lingua":"pt"},{"RecordID":"112","Ordem":"","Titulo":"Inline Warrants","Conteudo":"Muito semelhantes aos turbo warrants mas com duas barreiras de knock-out, uma superior e uma inferior ao pre\u00e7o de mercado do activo subjacente. Se em algum momento, durante o per\u00edodo de negocia\u00e7\u00e3o, as barreiras de knock-out superior ou inferior forem atingidas ou ultrapassadas pelo valor do activo subjacente, os direitos inerentes ao Warrant cessam e este extingue-se de imediato. (Ver também Warrants de Estruturados, Warrants com Barreira e Turbo Warrants.)  <\/p>","lingua":"pt"},{"RecordID":"112","Ordem":"","Titulo":"Inline warrants","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Very\r\nsimilar to turbo warrants, but with two knock-out barriers, one above and one\r\nbelow the market price of the underlying asset. If at any time during the\r\nlifetime of the warrant the market value of the underlying reaches or exceeds\r\nthe upper or lower knock-out barrier, the rights attached to the warrant expire\r\nand the warrant is immediately cancelled (see also Structured warrants, Barrier\r\nwarrants, and Turbo warrants.) <\/span>","lingua":"en"},{"RecordID":"113","Ordem":"","Titulo":"Instrumento Financeiro","Conteudo":"Instrumentos de investimento que incluem os valores mobili\u00e1rios, os instrumentos financeiros derivados, os instrumentos do mercado monet\u00e1rio bem como quaisquer outros como tal considerados pela Directiva dos Mercados e Instrumentos Financeiros (DMIF).  <\/p>","lingua":"pt"},{"RecordID":"114","Ordem":"","Titulo":"Instrumento Financeiro com Risco de Capital","Conteudo":"Instrumento financeiro em que o montante do capital a reembolsar ou do pre\u00e7o a receber na maturidade da aplica\u00e7\u00e3o é incerto, podendo vir a ser inferior ao capital inicialmente investido.  <\/p>","lingua":"pt"},{"RecordID":"115","Ordem":"","Titulo":"Instrumento Financeiro com Risco de Capital Alavancado","Conteudo":"Instrumento financeiro em que o investidor n\u00e3o s\u00f3 pode perder a totalidade do capital inicialmente investido, como pode vir a ser chamado (por exemplo, através do refor\u00e7o de margens) a assumir perdas que v\u00e3o além desse montante.  <\/p>","lingua":"pt"},{"RecordID":"116","Ordem":"","Titulo":"Instrumento Financeiro com Risco de Rentabilidade","Conteudo":"Instrumento financeiro que apresenta risco de capital e\/ou cujo rendimento peri\u00f3dico é incerto e\/ou vari\u00e1vel.  <\/p>","lingua":"pt"},{"RecordID":"117","Ordem":"","Titulo":"Instrumento Financeiro de Rendimento Fixo","Conteudo":"Instrumento financeiro em que o montante do rendimento peri\u00f3dico est\u00e1 fixado \u00e0 partida.  <\/p>","lingua":"pt"},{"RecordID":"118","Ordem":"","Titulo":"Instrumento Financeiro de Rendimento Garantido","Conteudo":"Instrumento financeiro de rendimento peri\u00f3dico certo, (pelo menos em parte) fixo, e em que n\u00e3o h\u00e1 risco de capital. Note-se que, em caso de fal\u00eancia ou insolv\u00eancia do devedor, o pagamento atempado dos rendimentos e o reembolso do capital poder\u00e3o deixar de ser poss\u00edveis, pelo que deve ser sempre dada aten\u00e7\u00e3o ao respectivo risco de crédito. Um instrumento (ou aplica\u00e7\u00e3o) que pague cup\u00e3o fixo\/certo mas n\u00e3o tenha garantia de capital n\u00e3o é um instrumento ou aplica\u00e7\u00e3o de rendimento garantido.  <\/p>","lingua":"pt"},{"RecordID":"119","Ordem":"","Titulo":"Instrumento Financeiro de Rendimento Peri\u00f3dico Certo (Fixo ou Vari\u00e1vel)","Conteudo":"Instrumento financeiro em que o pagamento de rendimentos peri\u00f3dicos (juros) é certo, n\u00e3o sendo condicionado \u00e0 ocorr\u00eancia de qualquer evento. Note-se, porém, que em caso de fal\u00eancia ou insolv\u00eancia do devedor, o pagamento atempado dos rendimentos poder\u00e1 deixar de ser poss\u00edvel, pelo que deve ser sempre dada aten\u00e7\u00e3o ao respectivo risco de crédito.  <\/p>","lingua":"pt"},{"RecordID":"120","Ordem":"","Titulo":"Instrumento Financeiro de Rendimento Peri\u00f3dico Eventual","Conteudo":"Instrumento financeiro em que o pagamento de rendimentos peri\u00f3dicos (juros ou dividendos) é incerto \u00e0 partida. No caso das ac\u00e7\u00f5es o pagamento desse rendimento é incerto por natureza, dado que depende da exist\u00eancia de lucros distribu\u00edveis e da decis\u00e3o de proceder \u00e0 sua distribui\u00e7\u00e3o. No caso de alguns instrumentos financeiros representativos de d\u00edvida essa eventualidade decorre do pagamento ser condicionado \u00e0 ocorr\u00eancia de determinados eventos (tais como, por exemplo, a evolu\u00e7\u00e3o do pre\u00e7o de um \u00edndice de cota\u00e7\u00f5es de ac\u00e7\u00f5es).  <\/p>","lingua":"pt"},{"RecordID":"121","Ordem":"","Titulo":"Instrumento Financeiro de Rendimento Vari\u00e1vel","Conteudo":"Instrumento financeiro em que o montante do rendimento peri\u00f3dico n\u00e3o est\u00e1 fixado \u00e0 partida, antes dependendo da evolu\u00e7\u00e3o de um indexante.  <\/p>","lingua":"pt"},{"RecordID":"122","Ordem":"","Titulo":"Instrumento Financeiro Derivado","Conteudo":"Instrumentos financeiro cujo valor se afere por refer\u00eancia a (porque derivam de) outro activo ou instrumento financeiro (activo subjacente). S\u00e3o instrumentos financeiros derivados, entre outros, os contratos de futuros, os contratos forwards, os contratos de op\u00e7\u00f5es e os contratos diferenciais. S\u00e3o considerados instrumentos de elevado risco, pois pequenas varia\u00e7\u00f5es no pre\u00e7o do activo subjacente podem provocar grandes oscila\u00e7\u00f5es no valor do instrumento derivado. <\/p>","lingua":"pt"},{"RecordID":"123","Ordem":"","Titulo":"Instrumentos financeiros aut\u00f3nomos","Conteudo":"Trata-se de produtos financeiros comercializados ou subscritos em conjunto e com um nexo de depend\u00eancia entre eles. Tipicamente, é oferecida possibilidade de realizar um dep\u00f3sito a prazo em conjunto com a subscri\u00e7\u00e3o de um instrumento financeiro aut\u00f3nomo, por exemplo um fundo de investimento. <\/p>","lingua":"pt"},{"RecordID":"124","Ordem":"","Titulo":"Inverse ETF ou Short ETF","Conteudo":"ETF que t\u00eam por objectivo proporcionar um desempenho inverso ao do comportamento do indicador de refer\u00eancia.  <\/p>","lingua":"pt"},{"RecordID":"124","Ordem":"","Titulo":"Inverse ETF or short ETF","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">ETFs\r\nthat aim to deliver performance inverse to that of their benchmark. <\/span>","lingua":"en"},{"RecordID":"125","Ordem":"","Titulo":"Interest","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\" calibri\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:=\"\" calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;=\"\" mso-bidi-font-family:\"times=\"\" new=\"\" roman\";mso-bidi-theme-font:minor-bidi;=\"\" mso-ansi-language:en-gb;mso-fareast-language:en-us;mso-bidi-language:ar-sa\"=\"\">It\r\nrepresents the price of money, corresponding to the remuneration or profit\r\nearned by borrowed capital over a given period of time. When depositors put\r\ntheir money in the bank, they expect a return because they are putting their\r\nown money at the disposal of other people or companies. For their part, those\r\nwho need more funds than they have will be willing to pay a cost to access\r\nthese funds. This remuneration and cost is called interest, which can be\r\nreceived or paid at different intervals as agreed between the parties (monthly,\r\nhalf-yearly, annually, etc.).<\/span>","lingua":"en"},{"RecordID":"129","Ordem":"","Titulo":"Interest on interest","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest\r\ngenerated by interest earned in previous capitalisation periods (see also\r\nInterest, Coupon, and Capitalisation period). <\/span>","lingua":"en"},{"RecordID":"223","Ordem":"","Titulo":"Interest rate spread","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Value\r\nof the increase (in percentage points) of the index used to determine the\r\nfloating rate (see Coupon, Coupon rate, and Variable interest rate) <\/span>","lingua":"en"},{"RecordID":"227","Ordem":"","Titulo":"Interest rate swap","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nagreement between two parties to exchange interest payments over a period of\r\ntime. Under a swap, one economic agent undertakes to pay another the proceeds\r\nof a fixed interest rate on a notional principal in exchange for the proceeds\r\nof a variable interest rate on the same notional principal. The purpose of this\r\nagreement is therefore to convert a fixed rate position into a floating\r\n(variable) rate position (or vice-versa). <\/span>","lingua":"en"},{"RecordID":"237","Ordem":"","Titulo":"Interest rate","Conteudo":"Interest\r\npaid on the principal of a share over a specified period of time. It is usually\r\nexpressed as a percentage of the par value of the share. The interest rate is\r\ncalled an annual rate because the period to which the interest refers is\r\nusually a year. However, this is not always the case and special attention\r\nshould be paid to this. As the capitalisation period, i.e. the period between\r\ntwo successive interest payments, is not always the same, the nominal and\r\neffective interest rates may differ. Whenever the capitalisation period is less\r\nthan one year, the effective annual interest rate is higher than the nominal\r\nannual interest rate (see Interest, <a>Nominal interest rate\r\nand Effective interest rate).<\/a><\/span><div><div><div id=\"_com_1\" language=\"JavaScript\">\r\n\r\n<\/span><\/p>\r\n\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n<\/div>","lingua":"en"},{"RecordID":"249","Ordem":"","Titulo":"Internal rate of return (IRR or Yield)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nyield implicit in the price of a bond, i.e. the rate at which the present value\r\nof the interest and principal to be repaid equals the price of the bond. This\r\nrate is often referred to as yield or yield to maturity. The latter explicitly\r\nstates that the internal rate of return has been calculated on the assumption\r\nthat the bond will be held to maturity. For bonds with a call option, the yield\r\nto next call is often calculated as the implied yield, assuming that the bond\r\nis redeemed at the earliest possible date. <\/span>","lingua":"en"},{"RecordID":"257","Ordem":"","Titulo":"Intra-bank transfer","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">At\r\nthe client's request, the payment service provider transfers funds from the\r\nclient's account to another account with the same institution.<\/span>","lingua":"en"},{"RecordID":"261","Ordem":"","Titulo":"Investment units","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Securities\r\nrepresenting units in investment funds, which may be represented by\r\ncertificates for one or more units or in book-entry form. In Portugal, units\r\nmay be subscribed at the counters of the depositary, at the offices of the\r\nmanagement company or through intermediaries previously authorised by the\r\nPortuguese Securities Market Commission (CMVM).<\/span>","lingua":"en"},{"RecordID":"274","Ordem":"","Titulo":"Implied volatility","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Volatility\r\nimplied in the price of an option (or warrant). The theoretical price of an\r\noption (or warrant) is calculated using complex models that incorporate\r\nvolatility as an explanatory variable for that price. The implied volatility is\r\nthe amount of volatility that makes the theoretical price equal to the market\r\nprice of the option (or warrant). <\/span>","lingua":"en"}],"G":[{"RecordID":"37","Ordem":"","Titulo":"Guaranteed capital","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\ninvestment which guarantees to pay back at least the amount invested at the end\r\nof the term.<\/span>","lingua":"en"},{"RecordID":"103","Ordem":"","Titulo":"Gamma","Conteudo":"Indicador que mede a varia\u00e7\u00e3o do Delta por cada unidade de varia\u00e7\u00e3o do pre\u00e7o do activo subjacente. Trata-se, pois, da primeira derivada do Delta em rela\u00e7\u00e3o ao pre\u00e7o do activo subjacente.  <\/p>","lingua":"pt"},{"RecordID":"103","Ordem":"","Titulo":"Gamma","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An indicator\r\nthat measures the change in delta for each unit change in the price of the\r\nunderlying asset. It is, therefore, the first derivative of the delta with\r\nrespect to the price of the underlying asset. <\/span>","lingua":"en"},{"RecordID":"104","Ordem":"","Titulo":"Ganho de Capital (ou Mais-Valia)","Conteudo":"O ganho de capital (ou Mais-Valia) corresponde \u00e0 diferen\u00e7a positiva entre o pre\u00e7o de aliena\u00e7\u00e3o e o pre\u00e7o de aquisi\u00e7\u00e3o de um instrumento financeiro. Se essa diferen\u00e7a for negativa regista-se uma perda de capital (ou Menos-Valia).  <\/p>","lingua":"pt"},{"RecordID":"105","Ordem":"","Titulo":"Garantia banc\u00e1ria","Conteudo":"Opera\u00e7\u00e3o de crédito pela qual um banco se constitui, perante terceiros (Benefici\u00e1rios), garante da execu\u00e7\u00e3o de obriga\u00e7\u00f5es assumidas pelos seus clientes (Ordenadores). <\/p>","lingua":"pt"},{"RecordID":"118","Ordem":"","Titulo":"Guaranteed income financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument for which a certain periodic income is (at least\r\npartially) fixed and where there is no capital risk. It should be noted that in\r\nthe event of bankruptcy or insolvency of the debtor, timely payment of income\r\nand repayment of principal may no longer be possible, so attention should\r\nalways be paid to the credit risk involved. <\/span>An instrument (or\r\ninvestment) that pays a fixed\/certain coupon but is not guaranteed to pay the\r\nprincipal and is not a guaranteed income instrument or investment.<\/span><span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;font-family:\\\"Calibri\\\",sans-serif;\r\nmso-ascii-theme-font:minor-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font:\r\nminor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:\\\"Times New Roman\\\";\r\nmso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-GB;mso-fareast-language:\r\nEN-US;mso-bidi-language:AR-SA\"> <\/span>","lingua":"en"},{"RecordID":"201","Ordem":"","Titulo":"Gross income","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Income\r\nreceived by an individual before deducting social and other taxes.<\/span>","lingua":"en"},{"RecordID":"202","Ordem":"","Titulo":"Guaranteed income","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Guaranteed\r\nincome investments.<\/span>","lingua":"en"},{"RecordID":"231","Ordem":"","Titulo":"Gross APR","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nGross Annual Percentage Rate (Gross APR) is the rate communicated by the\r\nbanking institutions that remunerates a specific investment. It is an annual\r\nrate because it refers to a period of one year. It is a nominal rate because it\r\nmay not take account of the actual duration of the investment. It is a gross\r\nrate because it does not exclude the tax withheld (by the bank).<\/span>","lingua":"en"},{"RecordID":"240","Ordem":"","Titulo":"Gross interest rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate before tax. To obtain the net interest rate, the amount of tax\r\nlevied on the interest must be deducted (see Interest rate, Nominal interest\r\nrate, Effective interest rate, Net interest rate, and Nominal value). <\/span>","lingua":"en"}],"P":[{"RecordID":"40","Ordem":"","Titulo":"Portfolio","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nportfolio is a collection of contractual positions, both active and passive,\r\ntaken by buying or selling financial products. <\/span>","lingua":"en"},{"RecordID":"48","Ordem":"","Titulo":"Pure index certificates","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Certificates\r\nthat replicate exactly how the underlying performs. <\/span>","lingua":"en"},{"RecordID":"62","Ordem":"","Titulo":"Price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nprice of a security that is formed on a regulated market. <\/span>","lingua":"en"},{"RecordID":"83","Ordem":"","Titulo":"Premium issue","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nissue is said to be at a premium if the price is higher than the par value of\r\nthe financial instrument. <\/span>","lingua":"en"},{"RecordID":"120","Ordem":"","Titulo":"Potential periodic income financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Financial\r\ninstrument for which the payment of periodic income (interest or dividends) is\r\nuncertain from the outset. In the case of equities, the payment of such income\r\nis inherently uncertain because it depends on the distribution of profits, if\r\nany, and the decision to distribute them. In the case of some financial\r\ninstruments that represent debt, this uncertainty arises because payment\r\ndepends on the occurrence of certain events (such as the performance of a stock\r\nmarket index). <\/span>","lingua":"en"},{"RecordID":"143","Ordem":"","Titulo":"Primary market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Market\r\nwhere financial instruments in the process of being issued are offered for\r\nsubscription (see also Issue and Secondary market). <\/span>","lingua":"en"},{"RecordID":"167","Ordem":"","Titulo":"Put Option","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nright to sell the underlying asset under certain circumstances or conditions,\r\nembodied in certain financial instruments such as stand-alone warrants and\r\noptions contracts. <\/span>","lingua":"en"},{"RecordID":"170","Ordem":"","Titulo":"Papel Comercial","Conteudo":"S\u00e3o t\u00edtulos emitidos por empresas representativos de d\u00edvida de curto prazo. Em Portugal estes t\u00edtulos s\u00e3o emitidos ao abrigo do Decreto-Lei n\u00ba 181\/92, de 22 de Agosto, e demais legisla\u00e7\u00e3o aplic\u00e1vel em vigor. Apenas podem ser emitidos por prazo inferior a dois anos, e s\u00f3 podem ser emitidos por prazo superior a um ano caso se destinem a subscri\u00e7\u00e3o particular ou caso a sua emiss\u00e3o se submeta \u00e0s regras (de subscri\u00e7\u00e3o p\u00fablica) do C\u00f3digo de Valores Mobili\u00e1rios. Podem ser emitidos quer em euros, quer em outra moeda estrangeira. <\/p>","lingua":"pt"},{"RecordID":"171","Ordem":"","Titulo":"Participantes","Conteudo":"Investidores que s\u00e3o titulares de unidades de participa\u00e7\u00e3o de um fundo de investimento.  <\/p>","lingua":"pt"},{"RecordID":"171","Ordem":"","Titulo":"Participants","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Investors\r\nwho hold investment units in an investment fund. <\/span>","lingua":"en"},{"RecordID":"172","Ordem":"","Titulo":"Passivo","Conteudo":"Os passivos s\u00e3o valores patrimoniais negativos, representativos de d\u00edvidas, obriga\u00e7\u00f5es, compromissos ou responsabilidades do agente econ\u00f3mico. Por contraposi\u00e7\u00e3o, os activos s\u00e3o valores patrimoniais positivos, representativos de créditos, direitos ou bens que o agente econ\u00f3mico seu titular possuiu ou tem a haver.  <\/p>","lingua":"pt"},{"RecordID":"173","Ordem":"","Titulo":"Per\u00edodo de Capitaliza\u00e7\u00e3o","Conteudo":"Periodicidade do vencimento do juro ou n\u00famero de vezes em que o juro é processado (calculado) num ano. Uma capitaliza\u00e7\u00e3o trimestral significa, por isso, que o juro se vence 4 vezes por ano (uma em cada tr\u00eas meses).  <\/p>","lingua":"pt"},{"RecordID":"174","Ordem":"","Titulo":"Pip","Conteudo":"A m\u00ednima varia\u00e7\u00e3o, medida em fun\u00e7\u00e3o da \u00faltima casa decimal de uma taxa, que uma taxa de c\u00e2mbio pode sofrer, e que corresponde com frequ\u00eancia a um ponto base.  <\/p>","lingua":"pt"},{"RecordID":"174","Ordem":"","Titulo":"Pip","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsmallest change, measured to the last decimal place of a rate, that an exchange\r\nrate can undergo, often equivalent to one basis point. <\/span>","lingua":"en"},{"RecordID":"175","Ordem":"","Titulo":"Plano financeiro","Conteudo":"Plano estruturado que permite definir a obten\u00e7\u00e3o de poupan\u00e7as para aforradores com base em produtos financeiros. <\/p>","lingua":"pt"},{"RecordID":"176","Ordem":"","Titulo":"Planos poupan\u00e7a reforma (ppr)","Conteudo":"O aforrador entrega periodicamente, ou n\u00e3o, determinada quantia a uma empresa de seguros ou sociedade de gest\u00e3o de fundos de pens\u00f5es, ou de fundos de investimento mobili\u00e1rio. O aforrador recebe as quantias acumuladas e os rendimentos do investimento. <\/p>","lingua":"pt"},{"RecordID":"177","Ordem":"","Titulo":"Posi\u00e7\u00e3o Curta","Conteudo":"Posi\u00e7\u00e3o contratual assumida por um investidor que beneficiar\u00e1 com a descida do pre\u00e7o e sofrer\u00e1 uma perda com a subida de pre\u00e7o do activo em causa. Assim, por exemplo, caso o investidor assuma inicialmente uma posi\u00e7\u00e3o vendedora num contrato de futuros que venha a ser fechada através da compra do mesmo instrumento financeiro a um pre\u00e7o inferior, ser\u00e1 realizado um ganho correspondente a essa diferen\u00e7a. Caso a posi\u00e7\u00e3o seja fechada a um pre\u00e7o superior o investidor registar\u00e1 uma perda. (Ver também Abertura de Posi\u00e7\u00e3o, Refor\u00e7o de Posi\u00e7\u00e3o, Encerramento\/Fecho de uma Posi\u00e7\u00e3o, Posi\u00e7\u00e3o Longa, Posi\u00e7\u00e3o Quadrada e Quadrar uma Posi\u00e7\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"178","Ordem":"","Titulo":"Posi\u00e7\u00e3o Longa","Conteudo":"Posi\u00e7\u00e3o contratual assumida por um investidor que beneficiar\u00e1 com a subida do pre\u00e7o e sofrer\u00e1 uma perda com a descida de pre\u00e7o do activo em causa. Assim, por exemplo, caso o investidor assuma inicialmente uma posi\u00e7\u00e3o compradora num contrato de futuros que venha a ser fechada através da venda do mesmo instrumento financeiro a um pre\u00e7o inferior, ser\u00e1 realizado uma perda correspondente a essa diferen\u00e7a. Caso a posi\u00e7\u00e3o seja fechada a um pre\u00e7o superior o investidor registar\u00e1 um ganho. (Ver também Abertura de Posi\u00e7\u00e3o, Refor\u00e7o de Posi\u00e7\u00e3o, Encerramento\/Fecho de uma Posi\u00e7\u00e3o, Posi\u00e7\u00e3o Curta, Posi\u00e7\u00e3o Quadrada e Quadrar uma Posi\u00e7\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"179","Ordem":"","Titulo":"Posi\u00e7\u00e3o Quadrada","Conteudo":"Posi\u00e7\u00e3o contratual assumida por um determinado investidor que tem posi\u00e7\u00f5es curtas e longas num determinado activo que se compensam entre si. Assim, por exemplo, um exportador que tenha uma posi\u00e7\u00e3o longa numa dada moeda estrangeira, decorrente de um crédito sobre um cliente que se vence numa dada data futura, pode compensar essa posi\u00e7\u00e3o (e, consequentemente, assumir uma posi\u00e7\u00e3o quadrada), vendendo essa moeda estrangeira para a mesma data através de um contrato forward. (Ver também Abertura de Posi\u00e7\u00e3o, Refor\u00e7o de Posi\u00e7\u00e3o, Encerramento\/Fecho de uma Posi\u00e7\u00e3o, Posi\u00e7\u00e3o Longa, Posi\u00e7\u00e3o Curta e Quadrar uma Posi\u00e7\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"180","Ordem":"","Titulo":"Posi\u00e7\u00f5es Totais Abertas (Open Interest)","Conteudo":"A express\u00e3o open interest designa o n\u00famero de contratos em aberto (isto é, que ainda n\u00e3o foram objecto de opera\u00e7\u00f5es de encerramento) para uma dada série de op\u00e7\u00f5es ou de futuros. (Ver Encerramento\/Fecho de uma Posi\u00e7\u00e3o e Série). \u2022 Pre\u00e7o de Oferta de Compra (Bid Price): Pre\u00e7o a que o oferente est\u00e1 disposto a comprar. Muitas vezes a express\u00e3o é usada para designar o mais elevado dos pre\u00e7os de ofertas de compra existentes no mercado.  <\/p>","lingua":"pt"},{"RecordID":"181","Ordem":"","Titulo":"Pre\u00e7\u00e1rios","Conteudo":"Tabela que as institui\u00e7\u00f5es de crédito disponibilizam nos seus balc\u00f5es e nos seus s\u00edtios electr\u00f3nicos na Internet, em que publicitam os encargos, as comiss\u00f5es e outras condi\u00e7\u00f5es dos produtos e servi\u00e7os que correntemente comercializam. <\/p>","lingua":"pt"},{"RecordID":"181","Ordem":"","Titulo":"Price list","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">List\r\nof charges, fees and other conditions for the products and services currently\r\nmarketed by credit institutions, available in their branches and on their\r\nwebsites.<\/span>","lingua":"en"},{"RecordID":"182","Ordem":"","Titulo":"Pre\u00e7o de Exerc\u00edcio (Strike Price ou Exercise Price)","Conteudo":"Corresponde, no caso das op\u00e7\u00f5es e warrants aut\u00f3nomos, ao pre\u00e7o ao qual o detentor da op\u00e7\u00e3o ou do warrant tem o direito de adquirir ou vender (consoante a natureza da op\u00e7\u00e3o ou do warrant) o activo subjacente.  <\/p>","lingua":"pt"},{"RecordID":"183","Ordem":"","Titulo":"Pre\u00e7o de Fecho (Close Price)","Conteudo":"O \u00faltimo pre\u00e7o a que um instrumento financeiro foi transaccionado durante uma sess\u00e3o de bolsa.  <\/p>","lingua":"pt"},{"RecordID":"184","Ordem":"","Titulo":"Pre\u00e7o de Futuro","Conteudo":"Pre\u00e7o a que foi transaccionado em mercado de bolsa um dado contrato de futuros.  <\/p>","lingua":"pt"},{"RecordID":"185","Ordem":"","Titulo":"Pre\u00e7o de Oferta de Venda (Ask Price)","Conteudo":"Pre\u00e7o a que o oferente est\u00e1 disposto a vender. Muitas vezes a express\u00e3o é usada para designar o mais elevado dos pre\u00e7os de ofertas de venda existentes no mercado.  <\/p>","lingua":"pt"},{"RecordID":"186","Ordem":"","Titulo":"Pre\u00e7o do Warrant","Conteudo":"Pre\u00e7o de transac\u00e7\u00e3o de um warrant. Na fixa\u00e7\u00e3o dos pre\u00e7os a que est\u00e3o dispostos a realizar transac\u00e7\u00f5es os investidores somam o valor intr\u00ednseco e o valor temporal do warrant.  <\/p>","lingua":"pt"},{"RecordID":"187","Ordem":"","Titulo":"Pre\u00e7o M\u00e9dio Ponderado","Conteudo":"Média dos pre\u00e7os, ponderados pelas respectivas quantidades transaccionadas, a que foi transaccionado um determinado bem num determinado per\u00edodo de tempo.  <\/p>","lingua":"pt"},{"RecordID":"188","Ordem":"","Titulo":"Pre\u00e7o Spot (Spot Price ou Pre\u00e7o \u00e0 Vista)","Conteudo":"Pre\u00e7o de uma transac\u00e7\u00e3o no mercado \u00e0 vista (spot) do activo subjacente a um contrato de derivados.  <\/p>","lingua":"pt"},{"RecordID":"189","Ordem":"","Titulo":"Pr\u00e9mio de um Warrant","Conteudo":"Diferen\u00e7a entre o pre\u00e7o actual de mercado do activo subjacente e o ponto de equil\u00edbrio do warrant (break-even). O ponto de equil\u00edbrio do warrant corresponde ao valor do activo subjacente a que o investidor n\u00e3o perde nem ganha. Para os call warrants, que atribuem o direito de aquisi\u00e7\u00e3o de uma unidade do activo subjacente, tal ponto de equil\u00edbrio é igual ao pre\u00e7o de exerc\u00edcio acrescido do pre\u00e7o pago pelo warrant. No caso dos put warrants, o ponto de equil\u00edbrio é igual ao pre\u00e7o de exerc\u00edcio menos o pre\u00e7o pago pelo warrant. Este prémio é expresso numa percentagem do pre\u00e7o de mercado do activo subjacente.  <\/p>","lingua":"pt"},{"RecordID":"190","Ordem":"","Titulo":"Pr\u00e9mio de uma Op\u00e7\u00e3o","Conteudo":"Pre\u00e7o da op\u00e7\u00e3o, ou seja, a import\u00e2ncia que o comprador de uma op\u00e7\u00e3o paga ao seu vendedor.  <\/p>","lingua":"pt"},{"RecordID":"191","Ordem":"","Titulo":"Produto Financeiro","Conteudo":"Além dos instrumentos financeiros, a express\u00e3o produtos financeiros abrange os contratos de seguros ligados a fundos de investimento (Unit Linked), os contratos de ades\u00e3o individual a fundos de pens\u00f5es, os produtos \"duais\u201d (ver Produto Dual) e, genericamente, quaisquer outros instrumentos de capta\u00e7\u00e3o de aforro (com excep\u00e7\u00e3o dos dep\u00f3sitos banc\u00e1rios) ou de gest\u00e3o de riscos financeiros cuja rentabilidade dependa, total ou parcialmente, da evolu\u00e7\u00e3o de um instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"192","Ordem":"","Titulo":"Produto Financeiro Complexo","Conteudo":"Instrumento financeiro que, embora assumindo a forma jur\u00eddica de um instrumento j\u00e1 existente, tem caracter\u00edsticas que n\u00e3o s\u00e3o directamente identific\u00e1veis com as desse instrumento, em virtude de terem associados outros instrumentos de cuja evolu\u00e7\u00e3o depende, total ou parcialmente, a sua rentabilidade.  <\/p>","lingua":"pt"},{"RecordID":"193","Ordem":"","Titulo":"Produtos complexos sem capital garantido","Conteudo":"Produtos financeiros que n\u00e3o garantem o capital investido, ou seja, o investidor corre o risco de que o montante reembolsado seja inferior ao montante investido. <\/p>","lingua":"pt"},{"RecordID":"194","Ordem":"","Titulo":"Prospecto Simplificado","Conteudo":"Documento que resume as principais caracter\u00edsticas do Fundo de Investimento, permitindo ao investidor tomar uma decis\u00e3o esclarecida sobre o investimento que lhe é proposto, em particular os riscos associados. Este documento deve ser mantido actualizado pela respectiva entidade gestora e é obrigatoriamente entregue aos subscritores previamente \u00e0 subscri\u00e7\u00e3o. Os prospectos simplificados dos fundos de investimento sedeados em Portugal est\u00e3o dispon\u00edveis no s\u00edtio da Internet da CMVM (www.cmvm.pt).  <\/p>","lingua":"pt"},{"RecordID":"197","Ordem":"","Titulo":"Position reinforcement","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\ntransaction that strengthens an existing position (long or short). For example,\r\nthe sale of a futures contract where the initial position is short will\r\nstrengthen the short position and the purchase of a futures contract where the\r\ninitial position is long will strengthen the long position. <\/span>","lingua":"en"},{"RecordID":"200","Ordem":"","Titulo":"Profitability","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Potential\r\nreturn on a financial investment.<\/span>","lingua":"en"},{"RecordID":"205","Ordem":"","Titulo":"Periodic redemption","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsame as \"redemption\u201d, with payments med at regular intervals.<\/span>","lingua":"en"},{"RecordID":"213","Ordem":"","Titulo":"Price risk","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Risk\r\nincurred by those who buy a financial instrument with a maturity longer than their\r\ninvestment time horizon. In fact, cancelling the investment means selling the\r\nfinancial instrument on the secondary market at a price that is not known at\r\nthe time of the investment.<\/span>","lingua":"en"},{"RecordID":"244","Ordem":"","Titulo":"Prime rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ninterest rate charged by banks when lending to their best clients.<\/span>","lingua":"en"},{"RecordID":"269","Ordem":"","Titulo":"Perpetual securities","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Securities\r\nwithout a maturity date. In certain cases, the issuer may be given the right to\r\ndecide on a possible redemption. <\/span>","lingua":"en"}],"H":[{"RecordID":"50","Ordem":"","Titulo":"Hedging","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ntransfer of the risk of potential loss arising from changes in the price of an\r\nasset, starting from an initial position (short or long), to a different\r\neconomic operator, by carrying out another transaction, in a different market\r\nor on a different financial instrument, in the direction opposite to that of\r\nthe initial one (i.e. a short position if the initial position is long, or a\r\nlong position if the initial position is short). The hedge may be a full hedge,\r\nwhere the effect of the change in the price of the underlying asset on one\r\nposition is fully offset by the effect on the other position, or a partial\r\nhedge, where the hedge only partially offsets the effect of the change in the\r\nprice of the asset on the original position. <\/span>","lingua":"en"},{"RecordID":"99","Ordem":"","Titulo":"Harmonised investment funds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Investment\r\nfunds which comply with the requirements and limits laid down in the Council\r\nDirective 85\/611\/EC (UCITS Directive), as amended by Directive 2001\/107\/EC of\r\nthe European Parliament and Council Directive 2001\/108\/CE. Harmonised\r\ninvestment funds authorised in Portugal comply with Title III of the Legal\r\nFramework for Collective Investment Undertakings (RJOIC). <\/span>","lingua":"en"},{"RecordID":"106","Ordem":"","Titulo":"Hedge Fund","Conteudo":"Tipo especial de fundo de investimento, que normalmente apresenta as seguintes caracter\u00edsticas: <\/p>\u2022 N\u00e3o sujeito a regula\u00e7\u00e3o ou sujeito a regras menos exigentes que as aplic\u00e1veis aos fundos de investimento harmonizados; \u2022 Sem regras de composi\u00e7\u00e3o do patrim\u00f3nio ou com regras estabelecidas pelo gestor (denominados auto-limites); <\/p>\u2022 Utiliza\u00e7\u00e3o de técnicas agressivas de gest\u00e3o da carteira (alavancagem\/short selling); <\/p>\u2022 N\u00e3o permite subscri\u00e7\u00f5es e resgates frequentes. Em determinados casos, essa frequ\u00eancia é decidida pelo gestor em fun\u00e7\u00e3o da estratégia de investimento; <\/p>\u2022 Os deveres de informa\u00e7\u00e3o aos participantes e ao mercado s\u00e3o, em regra, menos exigentes que as aplic\u00e1veis aos fundos de investimento harmonizados (caso da divulga\u00e7\u00e3o da carteira e do valor da unidade de participa\u00e7\u00e3o). <\/p>","lingua":"pt"},{"RecordID":"106","Ordem":"","Titulo":"Hedge fund","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Special\r\ntype of investment fund with the following characteristics: <\/span><\/p><span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">\u2022 Not\r\nregulated or subject to less stringent rules than harmonised funds; <\/span><\/p><span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">\u2022 No rules\r\non asset composition or with rules set by the manager (so-called self-limits);<\/span><\/p><span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">\r\n\u2022 Use of aggressive portfolio management techniques (leverage\/short selling); <\/span><\/p><span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">\u2022\r\nDoes not allow frequent subscriptions and redemptions. In certain cases, this\r\nfrequency will be decided by the manager according to the investment strategy;\r\n<\/span><\/p><span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">\u2022 the information obligation towards unit holders and the market are generally\r\nless demanding than those applicable to harmonised investment funds (in the\r\ncase of disclosure of the portfolio and the value of the unit).<\/span><\/p>","lingua":"en"},{"RecordID":"107","Ordem":"","Titulo":"Hedger","Conteudo":"Agente econ\u00f3mico que realiza opera\u00e7\u00f5es de cobertura de risco.  <\/p>","lingua":"pt"},{"RecordID":"107","Ordem":"","Titulo":"Hedger","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Economic\r\noperator that carries out hedging operations. <\/span>","lingua":"en"},{"RecordID":"273","Ordem":"","Titulo":"Historical volatility","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Volatility\r\ncalculated on the basis of historical series of the price of the asset to which\r\nit relates <\/span>","lingua":"en"}],"M":[{"RecordID":"56","Ordem":"","Titulo":"Margin account","Conteudo":"Margins\r\nare sums or other guarantees that an investor must deposit with a financial\r\ninstitution to cover the risks inherent in leveraged financial transactions. The\r\namount to be deposited depends on variable criteria such as the value of the\r\nfinancial transaction and the degree of leverage obtained. Such collateral may\r\nbe of various types, usually consisting of cash or other negotiable\r\ninstruments, and may include the cash itself or financial instruments obtained\r\nin the leveraged transaction. The account in which margin is recorded and\r\ncalculated is called the margin account (see also Guarantee, <a>Standing Guarantee<\/a><\/span><a id=\"_anchor_1\" href=\"#_msocom_1\" language=\"JavaScript\" name=\"_msoanchor_1\">[F1]<\/a><\/span>, Margin and Margin Reinforcement).<\/span><div><div><div id=\"_com_1\" language=\"JavaScript\">\r\n\r\n<\/div>\r\n\r\n<\/div>\r\n\r\n<\/div>","lingua":"en"},{"RecordID":"64","Ordem":"","Titulo":"Market maker","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial intermediary who undertakes to quote and bid and\/or offer price for a\r\ngiven category of securities or financial instruments to create the conditions\r\n(liquidity) for the regular trading of these securities. These operations are\r\npreceded by the conclusion of a contract between the market maker (financial\r\nintermediary) and the market management entity. <\/span>","lingua":"en"},{"RecordID":"70","Ordem":"","Titulo":"Maturity date","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\ndate on which the life of a product comes to an end, with consequences that\r\ndepend on the financial product in question. For example, in the case of conventional\r\nbonds, on the date of maturity the issuer must repay the principal invested and\r\npay the remaining interest. In the case of options, the option right held by\r\nthe buyer expires on the maturity or expiration date, also known as the expiry\r\ndate. <\/span>","lingua":"en"},{"RecordID":"134","Ordem":"","Titulo":"Margem","Conteudo":"Montante a ser depositado pelo cliente, em dinheiro ou valores mobili\u00e1rios, no \u00e2mbito de opera\u00e7\u00f5es de compra ou venda a termo, contratos de futuros ou op\u00e7\u00f5es. Assim designada por corresponder a uma parte (margem) do valor da posi\u00e7\u00e3o contratual assumida. Em certas circunst\u00e2ncias pode ser exigido um refor\u00e7o de margem, por efeito de alguma varia\u00e7\u00e3o que altere a rela\u00e7\u00e3o de proporcionalidade entre o valor do activo subjacente e o valor da margem exigida. (Ver Conta-Margem e Garantia).  <\/p>","lingua":"pt"},{"RecordID":"134","Ordem":"","Titulo":"Margin","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Amount\r\nof cash or securities required to be deposited by the client in connection with\r\nforward purchases or sales, futures contracts or options. It is so called\r\nbecause it represents a portion (margin) of the value of the contractual\r\nposition taken. In certain circumstances, an increase in margin may be required\r\ndue to a change in the relationship between the value of the underlying asset\r\nand the amount of margin required (see Margin account and Guarantee). <\/span>","lingua":"en"},{"RecordID":"135","Ordem":"","Titulo":"Mark-to-Market","Conteudo":"Procedimento pelo qual s\u00e3o diariamente apuradas e liquidadas as perdas e os ganhos numa posi\u00e7\u00e3o em contratos de derivados.  <\/p>","lingua":"pt"},{"RecordID":"135","Ordem":"","Titulo":"Mark-to-Market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Procedure\r\nfor the daily calculation and settlement of losses and gains on a position in\r\nderivative contracts. <\/span>","lingua":"en"},{"RecordID":"136","Ordem":"","Titulo":"Maturidade","Conteudo":"A data de maturidade é o dia em que o direito contido num determinado instrumento financeiro se vence (data de vencimento) ou até ao qual pode ser exercido (data de expira\u00e7\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"136","Ordem":"","Titulo":"Maturity","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nmaturity date is the date on which the right contained in a given financial\r\ninstrument matures (maturity date) or until which it can be exercised (expiry\r\ndate). <\/span>","lingua":"en"},{"RecordID":"137","Ordem":"","Titulo":"Mercado a Prazo","Conteudo":"Mercado em que as transac\u00e7\u00f5es s\u00e3o realizadas no pressuposto da sua liquida\u00e7\u00e3o (isto é, a entrega do activo pelo vendedor e o pagamento do pre\u00e7o pelo comprador) numa data futura. Os contratos de futuros, forwards e de op\u00e7\u00f5es s\u00e3o exemplos de contratos a prazo.  <\/p>","lingua":"pt"},{"RecordID":"138","Ordem":"","Titulo":"Mercado Cambial","Conteudo":"Mercado onde se procede \u00e0 negocia\u00e7\u00e3o de moedas (divisas).  <\/p>","lingua":"pt"},{"RecordID":"139","Ordem":"","Titulo":"Mercado de Balc\u00e3o (ou OTC - Over-the-Counter Market)","Conteudo":"Mercado (isto é, espa\u00e7o f\u00edsico ou l\u00f3gico) onde s\u00e3o realizadas transac\u00e7\u00f5es fora de bolsa. As transac\u00e7\u00f5es OTC s\u00e3o celebradas bilateralmente (isto é, acordadas entre um comprador e um vendedor que se conhecem) e n\u00e3o, como acontece nas bolsas de valores, de forma an\u00f3nima e multilateral (isto é, num contexto em que todas as ordens de todos os compradores e de todos os potenciais vendedores concorrem entre si de forma an\u00f3nima). (Ver Mercado Regulamentado).  <\/p>","lingua":"pt"},{"RecordID":"140","Ordem":"","Titulo":"Mercado de Capitais","Conteudo":"Mercado, regulamentado e n\u00e3o regulamentado, onde se procede \u00e0 negocia\u00e7\u00e3o de instrumentos financeiros e valores mobili\u00e1rios que n\u00e3o revestem a natureza de instrumentos financeiros de curto prazo. (Ver Mercado Monet\u00e1rio).  <\/p>","lingua":"pt"},{"RecordID":"141","Ordem":"","Titulo":"Mercado de Derivados","Conteudo":"Mercado regulamentado ou n\u00e3o regulamentado onde se transaccionem instrumentos financeiros derivados.  <\/p>","lingua":"pt"},{"RecordID":"142","Ordem":"","Titulo":"Mercado Monet\u00e1rio","Conteudo":"Mercado onde se transaccionam instrumentos financeiros com uma natureza de curto prazo (isto é, tipicamente, com prazo inferior a um ano). Em contraposi\u00e7\u00e3o ao mercado monet\u00e1rio, no mercado de capitais transaccionam-se os instrumentos financeiros com uma natureza de médio e longo prazo. (Ver Mercado de Capitais).  <\/p>","lingua":"pt"},{"RecordID":"142","Ordem":"","Titulo":"Money market","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nmarket where short-term financial instruments (i.e. typically with a maturity\r\nof less than one year) are traded. In contrast to the money market, the capital\r\nmarket is where medium to long-term financial instruments are traded (see\r\nCapital market). <\/span>","lingua":"en"},{"RecordID":"143","Ordem":"","Titulo":"Mercado Prim\u00e1rio","Conteudo":"Mercado onde s\u00e3o oferecidos \u00e0 subscri\u00e7\u00e3o os instrumentos financeiros em processo de emiss\u00e3o. (Ver também Emiss\u00e3o e Mercado Secund\u00e1rio).  <\/p>","lingua":"pt"},{"RecordID":"144","Ordem":"","Titulo":"Mercado Regulamentado","Conteudo":"Sistema multilateral, operado e\/ou gerido por um operador de mercado, que permite o encontro ou facilita o encontro de m\u00faltiplos interesses de compra e venda de instrumentos financeiros manifestados por terceiros \u2013 dentro desse sistema e de acordo com as suas regras n\u00e3o discricion\u00e1rias \u2013 por forma a que tal resulte num contrato relativo a instrumentos financeiros admitidos \u00e0 negocia\u00e7\u00e3o de acordo com as suas regras e\/ou sistemas e que esteja autorizado e funcione de forma regular e em conformidade com o disposto no T\u00edtulo III da Directiva 2004\/39\/CE, do Parlamento e do Conselho, de 21 de Abril (Directiva dos Mercados e Instrumentos Financeiros \u2013 DMIF).  <\/p>","lingua":"pt"},{"RecordID":"145","Ordem":"","Titulo":"Mercado Secund\u00e1rio","Conteudo":"Mercado onde s\u00e3o transaccionados os valores mobili\u00e1rios previamente emitidos. (Ver Emiss\u00e3o e Mercado Prim\u00e1rio).  <\/p>","lingua":"pt"},{"RecordID":"146","Ordem":"","Titulo":"Mercado Spot, \u00e0 Vista ou a Contado","Conteudo":"O termo \"spot\" foi originalmente usado nas bolsas de mercadorias para designar neg\u00f3cios realizados com pagamento \u00e0 vista e pronta entrega da mercadoria, em oposi\u00e7\u00e3o aos mercados de futuro e a termo. Actualmente as express\u00f5es mercado spot, \u00e0 vista ou a contado designam os mercados em que as transac\u00e7\u00f5es s\u00e3o realizadas no pressuposto da sua imediata ou quase imediata liquida\u00e7\u00e3o, isto é, que n\u00e3o t\u00eam a natureza de transac\u00e7\u00e3o a prazo.  <\/p>","lingua":"pt"},{"RecordID":"147","Ordem":"","Titulo":"Mobiliza\u00e7\u00e3o","Conteudo":"Proceder \u00e0 liquida\u00e7\u00e3o de um produto financeiro na sua maturidade. <\/p>","lingua":"pt"},{"RecordID":"147","Ordem":"","Titulo":"Mobilisation","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Settle\r\na financial product at maturity.<\/span>","lingua":"en"},{"RecordID":"148","Ordem":"","Titulo":"Mobiliza\u00e7\u00e3o antecipada","Conteudo":"Proceder \u00e0 liquida\u00e7\u00e3o de um produto financeiro antes da sua maturidade. <\/p>","lingua":"pt"},{"RecordID":"149","Ordem":"","Titulo":"Mutuante","Conteudo":"É a entidade que empresta o capital e recebe o juro, o Banco. <\/p>","lingua":"pt"},{"RecordID":"150","Ordem":"","Titulo":"Mutu\u00e1rio","Conteudo":"É a entidade que recebe o empréstimo e paga o juro, o Cliente. <\/p>","lingua":"pt"},{"RecordID":"162","Ordem":"","Titulo":"Mandatorily convertible","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Bonds\r\nmandatorily convertible at maturity into shares of the issuing company or into\r\nanother type of security. In practice, the issue of this type of bond amounts\r\nto a capital increase over time. <\/span>","lingua":"en"},{"RecordID":"196","Ordem":"","Titulo":"Margin reinforcement","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Make\r\nadditional deposits of cash or securities to increase collateral (margin) if\r\nthe relationship between the value of the underlying asset and the value of the\r\nrequired margin changes (see Margin account). <\/span>","lingua":"en"},{"RecordID":"262","Ordem":"","Titulo":"Market value","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Market\r\nvalue refers to the market price of a given asset multiplied by the quantity to\r\nwhich it relates. Also known as quotation (in the case of a regulated market\r\nand a unit of the asset), commercial value or market capitalisation (in the\r\ncase of listed securities and the total amount of the issue or the total amount\r\nadmitted to trading multiplied by the quotation). <\/span>","lingua":"en"},{"RecordID":"268","Ordem":"","Titulo":"Mandatorily convertible securities (MCS)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Securities\r\nof a particular type or nature (e.g. bonds) issued with the provision that they\r\nwill be mandatorily converted into another type of security (e.g. shares) over\r\ntime or upon the occurrence of a future but specified event. <\/span>","lingua":"en"},{"RecordID":"270","Ordem":"","Titulo":"Market changes","Conteudo":"It refers to the in the value of a financial product or a real product\r\nin a given market. These changes may be positive or negative.<\/span>","lingua":"en"},{"RecordID":"271","Ordem":"","Titulo":"Maturity","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nterm used to describe the expiration of the time allowed for performing a particular\r\nobligation, whether it is the payment of a price or the delivery of a particular\r\nasset. <\/span>","lingua":"en"}],"Z":[{"RecordID":"66","Ordem":"","Titulo":"Zero coupon","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nbond that pays no periodic interest but is purchased\/subscribed at a price\r\nbelow par (below face value), in order to provide the investor with\r\ncompensation in the form of a capital gain. This type of bond may also be\r\npurchased\/subscribed at par (i.e. face value) and redeemed at maturity above\r\npar (redemption premium) to achieve the same purpose. <\/span>","lingua":"en"},{"RecordID":"158","Ordem":"","Titulo":"Zero coupon bonds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Bonds\r\nthat are issued at a discount and therefore do not bear interest periodically.\r\nThe income generated by the bond is the difference between the transaction\r\nprice and their par value.<\/span>","lingua":"en"}],"E":[{"RecordID":"68","Ordem":"","Titulo":"Exercise date","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Date\r\non which an option can be exercised. <\/span>","lingua":"en"},{"RecordID":"69","Ordem":"","Titulo":"Expiry date","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Last\r\nday on which an option right can be exercised (American options) or the day on\r\nwhich the option can be exercised (European options). <\/span>","lingua":"en"},{"RecordID":"81","Ordem":"","Titulo":"Emiss\u00e3o","Conteudo":"Opera\u00e7\u00e3o pela qual os valores mobili\u00e1rios s\u00e3o criados e oferecidos \u00e0 subscri\u00e7\u00e3o dos investidores que os queiram adquirir. A emiss\u00e3o e subscri\u00e7\u00e3o s\u00e3o opera\u00e7\u00f5es que ocorrem em mercado prim\u00e1rio. Este op\u00f5e-se ao mercado secund\u00e1rio, que corresponde ao mercado onde os valores mobili\u00e1rios s\u00e3o posteriormente transaccionados por aqueles que os subscreveram ou os adquiriram j\u00e1 neste mercado.  <\/p>","lingua":"pt"},{"RecordID":"82","Ordem":"","Titulo":"Emiss\u00e3o a Desconto","Conteudo":"A emiss\u00e3o diz-se a desconto quando o pre\u00e7o é inferior ao valor nominal do instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"83","Ordem":"","Titulo":"Emiss\u00e3o a Pr\u00e9mio","Conteudo":" A emiss\u00e3o diz-se a prémio quando o pre\u00e7o é superior ao valor nominal do instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"84","Ordem":"","Titulo":"Emiss\u00e3o ao Par","Conteudo":" A emiss\u00e3o diz-se ao par quando o pre\u00e7o é igual ao valor nominal do instrumento financeiro.  <\/p>","lingua":"pt"},{"RecordID":"85","Ordem":"","Titulo":"Emissor, entidade emissora","Conteudo":"Institui\u00e7\u00e3o financeira que emite cart\u00f5es de pagamento (crédito, débito ou pré-pagos). Nos sistemas de dinheiro electr\u00f3nico (pré-pago ou de valor armazenado) é a entidade que recebe os pagamentos em troca do valor distribu\u00eddo no sistema e que est\u00e1 obrigada a pagar as transac\u00e7\u00f5es ou a redimir os saldos que lhe s\u00e3o apresentados. <\/p>","lingua":"pt"},{"RecordID":"86","Ordem":"","Titulo":"Encargo","Conteudo":"S\u00e3o os custos que se t\u00eam de suportar, por exemplo, os juros de um empréstimo contra\u00eddo, despesas de manuten\u00e7\u00e3o de conta, etc. <\/p>","lingua":"pt"},{"RecordID":"87","Ordem":"","Titulo":"Estilo das Op\u00e7\u00f5es","Conteudo":"As op\u00e7\u00f5es distinguem-se, quanto ao estilo, em op\u00e7\u00f5es de estilo europeu e em op\u00e7\u00f5es de estilo americano. As op\u00e7\u00f5es de estilo europeu apenas podem ser exercidas numa determinada data (data de expira\u00e7\u00e3o), enquanto que as op\u00e7\u00f5es de estilo americano podem ser exercidas em qualquer altura até \u00e0 data de expira\u00e7\u00e3o.  <\/p>","lingua":"pt"},{"RecordID":"88","Ordem":"","Titulo":"Estruturadas","Conteudo":"Valor mobili\u00e1rio que combina uma obriga\u00e7\u00e3o com um instrumento derivado embutido naquela obriga\u00e7\u00e3o, por for\u00e7a do qual o rendimento da obriga\u00e7\u00e3o fica dependente, na sua exist\u00eancia e\/ou no seu montante, do desempenho de um outro activo, instrumento, contrato financeiro ou \u00edndice e que pode potenciar ou alavancar esse rendimento. O rendimento da obriga\u00e7\u00e3o depender\u00e1, proporcionalmente ou n\u00e3o, da varia\u00e7\u00e3o do valor do activo subjacente ou do indexante.  <\/p>","lingua":"pt"},{"RecordID":"89","Ordem":"","Titulo":"ETF (Exchange Traded Fund)","Conteudo":"Fundo de investimento aberto admitido \u00e2 negocia\u00e7\u00e3o em bolsa de valores e que visa obter um desempenho dependente do comportamento de um determinado indicador de refer\u00eancia (seja este um \u00edndice, um activo ou uma estratégia de investimento). Note-se que o desempenho deste fundo apenas em determinados contextos, e em certos horizontes temporais, é id\u00eantica \u00e0 do indicador de refer\u00eancia. Donde, o investimento num ETF n\u00e3o garante o mesmo desempenho do indicador de refer\u00eancia.  <\/p>","lingua":"pt"},{"RecordID":"89","Ordem":"","Titulo":"ETF (Exchange Traded Fund)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">An\r\nopen-ended investment fund admitted to trading on a stock exchange that tracks\r\na specific benchmark (be it an index, an asset or an investment strategy). It\r\nshould be noted that the performance of this fund will be identical to that of\r\nthe benchmark only in certain contexts and over certain time horizons.\r\nTherefore, investing in an ETF does not guarantee the same performance as the\r\nbenchmark. <\/span>","lingua":"en"},{"RecordID":"90","Ordem":"","Titulo":"Euribor","Conteudo":"Euro Interbank Offered Rate \u2013 A taxa Euribor é uma taxa de juro média, para cuja defini\u00e7\u00e3o concorrem v\u00e1rios bancos, v\u00e1lida para dep\u00f3sitos entre eles e cotada com base na conven\u00e7\u00e3o de contagem de dias de Actual\/360, isto é, para o c\u00e1lculo dos juros dos dep\u00f3sitos considera-se o n\u00famero real de dias decorridos, em propor\u00e7\u00e3o do ano de 360 dias. A Euribor pressup\u00f5e a mobiliza\u00e7\u00e3o dos fundos em dep\u00f3sito 2 dias \u00fateis depois da sua contrata\u00e7\u00e3o \u2013 data-valor \u2013 (T+2) e é arredondada até \u00e0 3\u00aa casa decimal. <\/p>","lingua":"pt"},{"RecordID":"90","Ordem":"","Titulo":"Euribor","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Euro\r\nInterbank Offered Rate \u2013 The Euribor rate is an average interest rate set by\r\nseveral banks for deposits between them and is quoted on the basis of the\r\nActual\/360 counting convention, i.e. the actual number of days elapsed is taken\r\ninto account in the calculation of interest on deposits in proportion to the 360-day\r\nyear. Euribor is based on the mobilisation of funds on deposit 2 working days\r\nafter the contract \u2013 value date \u2013 (T+2) and is rounded to the third decimal\r\nplace.<\/span>","lingua":"en"},{"RecordID":"91","Ordem":"","Titulo":"Exerc\u00edcio de uma Op\u00e7\u00e3o","Conteudo":"Acto pelo qual o comprador de uma op\u00e7\u00e3o faz uso do seu direito de comprar ou vender o activo subjacente.  <\/p>","lingua":"pt"},{"RecordID":"91","Ordem":"","Titulo":"Exercise of an option","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Action\r\nwhereby the buyer of an option exercises their right to buy or sell the\r\nunderlying asset. <\/span> ","lingua":"en"},{"RecordID":"92","Ordem":"","Titulo":"Extracto de Conta","Conteudo":"Relat\u00f3rio de movimenta\u00e7\u00f5es de dinheiro na conta corrente ou fundo de investimento. <\/p>","lingua":"pt"},{"RecordID":"98","Ordem":"","Titulo":"Equity investment funds","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nhigh-risk financial product, as 75% of its portfolio is invested in shares.<\/span>","lingua":"en"},{"RecordID":"148","Ordem":"","Titulo":"Early mobilisation","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Settle\r\na financial product before maturity.<\/span>","lingua":"en"},{"RecordID":"166","Ordem":"","Titulo":"European Option","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Option\r\nthat can be exercised only at maturity. <\/span>","lingua":"en"},{"RecordID":"233","Ordem":"","Titulo":"Exchange rate","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nexchange rate is the price of one currency expressed in units of another\r\ncurrency. <\/span>","lingua":"en"},{"RecordID":"252","Ordem":"","Titulo":"Equity securities","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Debt\r\nsecurities issued by public undertakings and public limited companies in which\r\nthe State (directly or indirectly) has a majority holding and which are\r\nintended to raise permanent capital to meet stable financing requirements. Their\r\nlong-term nature is reflected in their convertibility into capital and the\r\nconditions for their redemption: they can only be redeemed in the event of the\r\nliquidation of the company, which gives them a status similar to shares, or\r\nafter ten years, if the issuer so decides, in accordance with the conditions\r\nlaid down at the time of issue. These securities give the right to an annual\r\nremuneration composed of a fixed part, which is independent of the results of\r\nthe issuing company, and a variable part, which depends on these results. It\r\nshould be noted that if the issuing company is privatised, the equity\r\nsecurities issued by the company retain their nature, so it may be the case\r\nthat the equity securities belong to private companies. Similar instruments\r\nissued in foreign markets are included.<\/span>","lingua":"en"}],"V":[{"RecordID":"71","Ordem":"","Titulo":"Value date","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\nsettlement date of a transaction. In the case of deposits and transfers, this\r\nis the date from which the funds can be transferred by the beneficiary and any\r\ninterest on the credit or debit balances of the deposit accounts begins to accrue.<\/span>","lingua":"en"},{"RecordID":"121","Ordem":"","Titulo":"Variable income financial instrument","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nfinancial instrument in which the periodic income is not fixed ex ante, but\r\ndepends on how an index performs. <\/span>","lingua":"en"},{"RecordID":"246","Ordem":"","Titulo":"Variable interest rate (or index-linked rate)","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Interest\r\nrate that varies periodically according to the development of a market\r\nreference rate (index). The rate applicable for each interest period is\r\nobtained by applying the value of the reference rate calculated on a given\r\nobservation date to a pre-determined formula. Often, this formula is simply the\r\naddition of a fixed amount (the interest rate spread) to the value of the index\r\n(see Coupon rate and Variable interest rate) <\/span>","lingua":"en"},{"RecordID":"262","Ordem":"","Titulo":"Valor de Mercado","Conteudo":"Designa o pre\u00e7o de mercado de um determinado activo multiplicado pela quantidade a que respeita. Também designado também por cota\u00e7\u00e3o (quando est\u00e1 em causa um mercado regulamentado e uma unidade do activo), valor venal ou capitaliza\u00e7\u00e3o bolsista (quando est\u00e3o em causa valores mobili\u00e1rios cotados em bolsa e se multiplica a quantidade total da emiss\u00e3o ou a quantidade total admitida \u00e0 negocia\u00e7\u00e3o pela cota\u00e7\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"263","Ordem":"","Titulo":"Valor de Subscri\u00e7\u00e3o \u2013 Vs\u00a0","Conteudo":"Valor pelo qual a obriga\u00e7\u00e3o é emitida (em mercado prim\u00e1rio).<\/p>","lingua":"pt"},{"RecordID":"264","Ordem":"","Titulo":"Valor de Transac\u00e7\u00e3o \u2013 VT","Conteudo":"Pre\u00e7o pelo qual a obriga\u00e7\u00e3o é efectivamente transaccionada em mercado secund\u00e1rio: VT = Vc + Juros Vencidos (AI) <\/p>","lingua":"pt"},{"RecordID":"265","Ordem":"","Titulo":"Valor Nominal","Conteudo":"Corresponde ao valor facial de determinado instrumento financeiro. No caso das ac\u00e7\u00f5es identifica o montante de capital social que cada ac\u00e7\u00e3o representa. No caso das obriga\u00e7\u00f5es identifica o capital em d\u00edvida e serve de base, por exemplo, para determinar o montante dos juros a pagar (Ver Cup\u00e3o).  <\/p>","lingua":"pt"},{"RecordID":"266","Ordem":"","Titulo":"Valores Mobili\u00e1rios","Conteudo":"Documentos representativos de situa\u00e7\u00f5es jur\u00eddicas homogéneas, padronizados, fung\u00edveis entre si e suscept\u00edveis de transmiss\u00e3o em mercado.  <\/p>","lingua":"pt"},{"RecordID":"267","Ordem":"","Titulo":"Valores mobili\u00e1rios de d\u00edvida","Conteudo":"Emiss\u00e3o de t\u00edtulos de d\u00edvida por determinadas empresas, normalmente obriga\u00e7\u00f5es. <\/p>","lingua":"pt"},{"RecordID":"268","Ordem":"","Titulo":"Valores Mobili\u00e1rios Obrigatoriamente Convert\u00edveis (VMOC)","Conteudo":"Valores mobili\u00e1rios de um certo tipo ou natureza (por exemplo, obriga\u00e7\u00f5es) emitidos com previs\u00e3o da sua convers\u00e3o obrigat\u00f3ria, pelo decurso do tempo ou pela verifica\u00e7\u00e3o de um evento futuro mas certo, em outro tipo de valores mobili\u00e1rios (por exemplo, em ac\u00e7\u00f5es).  <\/p>","lingua":"pt"},{"RecordID":"269","Ordem":"","Titulo":"Valores Mobili\u00e1rios Perp\u00e9tuos","Conteudo":"Valores mobili\u00e1rios sem prazo de vencimento. Em certos casos, pode ser conferido ao emitente o direito a decidir sobre um eventual reembolso.  <\/p>","lingua":"pt"},{"RecordID":"270","Ordem":"","Titulo":"Varia\u00e7\u00f5es de mercado","Conteudo":"Varia\u00e7\u00f5es no valor de um produto financeiro ou de um produto real, num dado mercado. Estas varia\u00e7\u00f5es podem ser positivas ou negativas. <\/p>","lingua":"pt"},{"RecordID":"271","Ordem":"","Titulo":"Vencimento","Conteudo":" Designa o termo do prazo concedido para o cumprimento de um determinado dever, seja de pagamento do pre\u00e7o ou de entrega de um determinado activo.  <\/p>","lingua":"pt"},{"RecordID":"272","Ordem":"","Titulo":"Volatilidade","Conteudo":"Volatilidade significa pura e simplesmente movimento. Esta express\u00e3o é normalmente usada para denominar um indicador do grau de varia\u00e7\u00e3o das cota\u00e7\u00f5es (frequentemente o desvio-padr\u00e3o das respectivas taxas de rentabilidade) de um determinado activo em determinado per\u00edodo. É, pois, uma vari\u00e1vel que mede a intensidade das oscila\u00e7\u00f5es nas cota\u00e7\u00f5es de um activo financeiro, seja uma ac\u00e7\u00e3o, unidade de participa\u00e7\u00e3o num fundo de investimento ou um \u00edndice, considerado um determinado per\u00edodo de tempo. Trata-se de uma vari\u00e1vel utilizada para mensurar o risco de um determinado activo.  <\/p>","lingua":"pt"},{"RecordID":"272","Ordem":"","Titulo":"Volatility","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Volatility\r\nsimply means movement. It is usually used to indicate the degree of changes in\r\nthe price of a given asset (often the standard deviation of its return) over a\r\ngiven period. It is therefore a measure of the intensity of changes in the\r\nprice of a financial asset, be it a share, a unit in a mutual fund or an index,\r\nover a given period. It is a variable used to measure the risk of a given asset. <\/span>","lingua":"en"},{"RecordID":"273","Ordem":"","Titulo":"Volatilidade Hist\u00f3rica","Conteudo":"Volatilidade calculada com base em séries hist\u00f3ricas do pre\u00e7o do activo a que respeita.  <\/p>","lingua":"pt"},{"RecordID":"274","Ordem":"","Titulo":"Volatilidade Impl\u00edcita","Conteudo":" Volatilidade impl\u00edcita no pre\u00e7o de uma op\u00e7\u00e3o (ou do warrant). O pre\u00e7o te\u00f3rico de uma op\u00e7\u00e3o (ou de um warrant) é calculado com base em modelos complexos, que integram como vari\u00e1vel explicativa desse pre\u00e7o a volatilidade. A volatilidade impl\u00edcita é o valor da volatilidade que faz com que o pre\u00e7o te\u00f3rico iguale o pre\u00e7o de mercado da op\u00e7\u00e3o (ou do warrant).  <\/p>","lingua":"pt"},{"RecordID":"275","Ordem":"","Titulo":"Volatilidade Real","Conteudo":"É a volatilidade efectiva do pre\u00e7o do activo no futuro. N\u00e3o é conhecida \u00e0 partida e uma vez verificada torna-se volatilidade hist\u00f3rica. Os operadores dos mercados de op\u00e7\u00f5es tentam que a sua estimativa \u2013 volatilidade impl\u00edcita \u2013 seja t\u00e3o pr\u00f3xima quanto poss\u00edvel da volatilidade real.  <\/p>","lingua":"pt"}],"J":[{"RecordID":"125","Ordem":"","Titulo":"Juro","Conteudo":"Representa o pre\u00e7o do dinheiro, correspondendo \u00e0 remunera\u00e7\u00e3o ou ao lucro produzido pelo capital emprestado durante determinado per\u00edodo de tempo. Quem coloca o seu dinheiro no banco, espera receber uma remunera\u00e7\u00e3o, pois est\u00e1 a disponibilizar recursos que s\u00e3o seus para serem utilizados por outras pessoas ou empresas. Por seu lado, quem necessita de mais fundos do que aqueles de que disp\u00f5e estar\u00e1 disposto a suportar um custo para ter acesso a esses fundos. A essa remunera\u00e7\u00e3o e a esse custo chama-se juro, o qual pode ser recebido ou pago de acordo com diversas periodicidades conforme combinado entre as partes (mensalmente, semestralmente, anualmente, etc.). <\/p> ","lingua":"pt"},{"RecordID":"126","Ordem":"","Titulo":"Juro composto","Conteudo":"Adi\u00e7\u00e3o dos juros vencidos ao capital inicial, gerando maiores juros no futuro. <\/p>","lingua":"pt"},{"RecordID":"127","Ordem":"","Titulo":"Juro corrido","Conteudo":"Juro acumulado entre a data de pagamento do cup\u00e3o mais recente e a data de venda de uma obriga\u00e7\u00e3o. No momento da transac\u00e7\u00e3o, o comprador paga o pre\u00e7o da obriga\u00e7\u00e3o mais o juro corrido, que se calcula multiplicando o juro di\u00e1rio l\u00edquido do empréstimo pelo n\u00famero de dias passados desde o \u00faltimo pagamento de juros. <\/p>","lingua":"pt"},{"RecordID":"128","Ordem":"","Titulo":"Juro de Juro","Conteudo":"Juro produzido pelos juros vencidos em anteriores per\u00edodos de capitaliza\u00e7\u00e3o. (Ver também Juro Simples, Cup\u00e3o e Per\u00edodo de Capitaliza\u00e7\u00e3o). ","lingua":"pt"},{"RecordID":"129","Ordem":"","Titulo":"Juro de mora","Conteudo":"É a sobretaxa cobrada no caso de mora (atraso) do devedor, aplicando-se ao valor do capital e dos juros vencidos. <\/p>","lingua":"pt"}],"W":[{"RecordID":"155","Ordem":"","Titulo":"Warrant bond","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Bond\r\nwhich is sold along with a warrant giving the holder the right to buy shares in\r\nthe issuing company under pre-determined conditions and within a pre-determined\r\nperiod. The warrant is a security and may be traded on organised markets\r\nindependently of the bonds from which it derives.<\/span>","lingua":"en"},{"RecordID":"186","Ordem":"","Titulo":"Warrant price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Trading\r\nprice of a warrant. Investors add the intrinsic value and time value of the\r\nwarrant to determine the price at which they are willing to trade. <\/span>","lingua":"en"},{"RecordID":"187","Ordem":"","Titulo":"Weighted average price","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">The\r\naverage of the prices at which a particular commodity was traded over a given\r\nperiod, weighted by the respective quantities traded. <\/span>","lingua":"en"},{"RecordID":"189","Ordem":"","Titulo":"Warrant premium","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Difference\r\nbetween the current market price of the underlying asset and the break-even\r\npoint of the warrant. The break-even point of the warrant corresponds to the\r\nvalue of the underlying asset at which the investor neither loses nor gains.\r\nFor call warrants, which give the right to acquire one unit of the underlying\r\nasset, this break-even point is equal to the strike price plus the price paid\r\nfor the warrant. For put warrants, the break-even point is equal to the strike\r\nprice minus the price paid for the warrant. This premium is expressed as a\r\npercentage of the market price of the underlying asset. <\/span>","lingua":"en"},{"RecordID":"276","Ordem":"","Titulo":"Warrants","Conteudo":"Um warrant é um instrumento financeiro que concede ao seu detentor o direito, mas n\u00e3o a obriga\u00e7\u00e3o, de comprar ou vender um produto de investimento, tal como ac\u00e7\u00f5es ou obriga\u00e7\u00f5es, a um pre\u00e7o previamente determinado. O exerc\u00edcio de warrants pode ter associada a emiss\u00e3o de novos t\u00edtulos, diluindo assim o capital das obriga\u00e7\u00f5es ou ac\u00e7\u00f5es existentes. <\/p>","lingua":"pt"},{"RecordID":"276","Ordem":"","Titulo":"Warrants","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">A\r\nwarrant is a financial instrument that gives the holder the right, but not the\r\nobligation, to buy or sell an investment product, such as shares or bonds, at a\r\npredetermined price. The exercise of warrants may involve the issue of new\r\nsecurities, thereby diluting the capital of existing bonds or shares.<\/span>","lingua":"en"},{"RecordID":"277","Ordem":"","Titulo":"Warrants Aut\u00f3nomos","Conteudo":"Produtos financeiros habitualmente negociados em mercados de bolsa que conferem ao seu titular o direito, mas n\u00e3o a obriga\u00e7\u00e3o, de comprar (Warrant de Compra ou Call Warrant) ou de vender (Warrant de Venda ou Put Warrant) o activo subjacente ao qual est\u00e3o indexados ao pre\u00e7o inicialmente contratado (pre\u00e7o de exerc\u00edcio) e numa data futura igualmente pré-fixada (data de maturidade). Este produto permite um ganho correspondente \u00e0 diferen\u00e7a entre o pre\u00e7o de exerc\u00edcio e o pre\u00e7o do activo subjacente no momento do exerc\u00edcio do direito, no caso dos put warrants, e \u00e0 diferen\u00e7a entre o pre\u00e7o do activo subjacente no momento do exerc\u00edcio do direito o pre\u00e7o de exerc\u00edcio, no caso dos call warrants. Dado que o comprador n\u00e3o é obrigado a exercer o seu direito, no pior cen\u00e1rio, o warrant ter\u00e1 um valor igual a zero, mas nunca negativo. Porém, quando os warrants t\u00eam valor nulo o comprador perde na totalidade o pre\u00e7o pago na aquisi\u00e7\u00e3o, pelo que para o comprador a aquisi\u00e7\u00e3o do warrant s\u00f3 se traduz em lucro  <\/p>","lingua":"pt"},{"RecordID":"278","Ordem":"","Titulo":"Warrants de Compra (Call Warrants)","Conteudo":" Warrant que confere ao seu titular o direito, mas n\u00e3o a obriga\u00e7\u00e3o, de comprar o activo subjacente ao qual est\u00e1 indexado ao pre\u00e7o de exerc\u00edcio e numa data futura pré-fixada (data de maturidade). A aquisi\u00e7\u00e3o deste instrumento pressup\u00f5e que o investidor acredite na subida do pre\u00e7o do activo subjacente, permitindo-lhe ganhar a diferen\u00e7a entre, por um lado, o pre\u00e7o (mais elevado) do activo do activo subjacente vigente no mercado no momento do exerc\u00edcio da op\u00e7\u00e3o de compra e, por outro lado, o pre\u00e7o de exerc\u00edcio acordado somado ao pre\u00e7o pago pelo warrant.  <\/p>","lingua":"pt"},{"RecordID":"279","Ordem":"","Titulo":"Warrants de Estruturados, Warrants com Barreira ou Turbo Warrants","Conteudo":" Warrants que apresentam caracter\u00edsticas muito semelhantes aos vanilla warrants ou convencionais. Diferenciam-se destes pela introdu\u00e7\u00e3o de um elemento adicional de risco - a barreira de knock-out. A barreira de knock-out representa uma fasquia cujo valor, definido na emiss\u00e3o, é habitualmente igual ao pre\u00e7o de exerc\u00edcio. Se em algum momento, durante o per\u00edodo de negocia\u00e7\u00e3o, a barreira de knock-out for atingida ou ultrapassada pelo valor do activo subjacente, os direitos inerentes ao Warrant cessam e este extingue-se de imediato.Warrants de Venda (Put Warrants): Warrant que confere ao seu titular o direito, e n\u00e3o a obriga\u00e7\u00e3o, de vender o activo subjacente ao qual est\u00e1 indexado ao pre\u00e7o de exerc\u00edcio e numa data futura pré-fixada. A aquisi\u00e7\u00e3o deste instrumento pressup\u00f5e que o investidor acredite na descida do pre\u00e7o do activo subjacente, permitindo-lhe ganhar a diferen\u00e7a entre, por um lado, o pre\u00e7o de exerc\u00edcio acordado subtra\u00eddo do pre\u00e7o pago pelo warrant e, por outro lado, o pre\u00e7o (mais b <\/p>","lingua":"pt"}],"Y":[{"RecordID":"280","Ordem":"","Titulo":"Yield","Conteudo":" Ver Taxa Interna de Rentabilidade.  <\/p>","lingua":"pt"},{"RecordID":"280","Ordem":"","Titulo":"Yield","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">See\r\nInternal rate of return. <\/span>","lingua":"en"},{"RecordID":"281","Ordem":"","Titulo":"Yield Curve","Conteudo":"Por curva de rendimentos, curva de taxas de juro ou, na acep\u00e7\u00e3o anglo-sax\u00f3nica, yield curve, designa-se a representa\u00e7\u00e3o gr\u00e1fica das taxas internas de rentabilidade, calculadas a partir de pre\u00e7os de obriga\u00e7\u00f5es que diferem entre si apenas quanto ao prazo de vencimento. Em geral a curva de rendimentos é calculada com base em t\u00edtulos de d\u00edvida emitidos pelo Tesouro do pa\u00eds a que respeita.  <\/p>","lingua":"pt"},{"RecordID":"281","Ordem":"","Titulo":"Yield curve","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">Yield\r\ncurve or interest rate curve is the graphical representation of internal rates\r\nof return calculated from bond prices that differ only in maturity. The yield\r\ncurve is usually calculated on the basis of debt securities issued by the\r\ntreasury of the country to which it relates. <\/span>","lingua":"en"},{"RecordID":"282","Ordem":"","Titulo":"Yield to Maturity","Conteudo":"Ver Taxa Interna de Rentabilidade.  <\/p>","lingua":"pt"},{"RecordID":"282","Ordem":"","Titulo":"Yield to maturity","Conteudo":"<span lang=\"EN-GB\" style=\"font-size:11.0pt;line-height:107%;\r\nfont-family:\\\"Calibri\\\",sans-serif;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:\r\nCalibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:minor-latin;\r\nmso-bidi-font-family:\\\"Times New Roman\\\";mso-bidi-theme-font:minor-bidi;\r\nmso-ansi-language:EN-GB;mso-fareast-language:EN-US;mso-bidi-language:AR-SA\">See\r\nInternal rate of return. <\/span>","lingua":"en"}]}

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