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London International Financial Futures and Options Exchange |
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London International Financial Futures and Options ExchangeA futures and options exchange, located in London, which originally dealt only in financial instruments including equities (shares), government bonds, indices (such as the FTSE 100 Index) interest rates and a wide range of currencies. In 1996, LIFFE merged with the London Commodity Exchange with unified administration and exchange systems. All trades of the merged exchange are guaranteed by the London Clearing House (LCH). LIFFE is a Recognised Investment Exchange (RIE), regulated by the Financial Services Authority (FSA).Similar MatchesFTSE InternationalFTSE InternationalA company jointly owned by the London Stock Exchange and FT which creates and compiles financial indices showing the performance of stock markets. International Development Association (IDA)International Development Association (IDA)Association established to stimulate country development; it was especially suited for less prosperous nations, since it provided loans at low interest rates. International finance subsidiaryInternational finance subsidiaryA subsidiary incorporated in the US, usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to US withholding tax. Elimination of the corporate withholding tax has ended the need for this type of subsidiary. Domestic International Sales CorporationDomestic International Sales CorporationA type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations. International arbitrageInternational arbitrageSimultaneous buying and selling of foreign securities and ADRs to capture the profit potential created by time, currency, and settlement inconsistencies that vary across international borders. Further SuggestionsInternational financial institutionMorgan Stanley Capital International Emerging Markets Global Index International mutual fund Ministry of International Trade and Industry International bonds Capital International Indexes International Banking Facility (IBF) International Petroleum Exchange International Monetary Fund (IMF) Morgan Stanley Capital International Europe Index International Petroleum Exchange (IPE) Federation Internationale des Bourses de Valeurs International Organization of Securities Commissioners international fund Stock Exchange Automated Quotation (SEAQ) International London International Financial Futures and Options Exchange (LIFFE) Morgan Stanley Capital International Pacific Free index International exhaustion Domestic International Sales Corporation (DISC) Morgan Stanley Capital International Europe, Australia, Far East Index International Bank for Reconstruction and Development (IBRD) International diversification Bank for International Settlements International market International macroeconomics |
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