P299 CEEFAX 299 Thu 7 Oct 21:16/29 O VIEWERS' A-Z 1/6 Advice WouldJbe investors should be aware of the pitfalls of investment in finbncial markets. Professional advice should bj sought. Bonds "Long bond" is a US Treasury bond (T-bondS with a 30-year life. Commodities Prices for gold are in dollars per ounce; silver in pence per troy ounce; copper and lead in pounds per tonne; tin, zinc, both aluminium contracts, and nickel in dollars per tonne; wheat, barle8, and potatoes in pounds per tonne; oil in dollars per bulk barrel of Brent Blend crude. Long bond 255 Commodities 258 Finance Sharer Markets ExchangesP299 CEEFAX 299 Thu 7 Oct 21:12/07 VIEWERS' A-Z 2/6 Eff £ An expression of the pound's vbluj in terms of a trade-weighted basket of currencies. (100 = 1975). Futures Three LIFFE contracts are featured (pages 244 and 254). They are designed to allow investors to protect themselves against shifts in shari prices XFT-SE 100 future) or interest rates (Long gilt future and Short Sterling future). For the purpose of Ceefax viewers, they can provide guidance to the prevailing m r jt perception of share price or interest rate trends. See Long gilt and Short Sterling. FT-SE 100 future 244 Headlines 201 Finance Shares Markets Exchan sP299 CEJFAX 299 Thu 7 Oct 21:08/06 n n1 VI WETS A Z G Gilts Short for gilt-edged, thjsj are US government stocks and, like other bonds (see Bonds), pay fixed rates of interest over periods that vbry between stocks while repaying £100 at maturity. So, prices move in opposition to the prevailing level of interest rate3. Indices Where not indicated, market indices quoted on Cjefax are made up as follows All ordin ri s (all shares), CAC X40), D—X (30), Dow (30), EOE (sample), FT ord (30), Hang Sing (33), Nikkei (225), S&P (510), UPI (all), Straits Times industrial (30). Gilts 228 Indices 240 Finance Shares Markets ExchangesP299 CEEFAX 299 Thu 7 Oct 21:19/55 VIEWERS' A-Z 4/6 Interbank Currency rates on 251 and 252 apply to dealings between banks in sums upwards of £500,000. Three- month inteubank interest rates (on 254) represent inter-bank borrowing costs over a three-month term. Interest rates Long gilt futures, Eurodollar deposits, and Long Bonds ar priced in 32nds noted b a hyphen). Eurodollars are dollars held outside the US. The Long Bond is a US Treasury bond maturing in 31 years' time. (The yield is shown U beneath the price). See Long gilt and Shout Sterling. Forex report 247 Headlines 201 Finance Shares Markets ExchangesP299 CEEFAX 299 Thu 7 Oct 21:09/57 VIEWERS' A-Z I 5/v LJFFJ Denotes London Internationbl Financial FuturesWOptions Exchange. "ka j LME Denotes London Metal Exchange. Long gilt future These are futures in a notional British gilt quoted in terms of a nominal £100 worth. Prices All prices and rates quoted on Cjefax (except for the tourist rates on 253) are "middle2". Bid- offer spreads widen during pjrigds of priceOrate volatility. Results EPS is earnings per share - profit divided by number of share3. LIFFI long gilt 254 Headlines 201 Finance Shares Markets ExchangesP299 CEEFAX 299 Thy 7 Oct 21:10/49 VHEWERS' A-Z E 6/6 SHARECHECK Constituents are biggest companies in terms of marker worth. Selection is revised at three-month intervals. Biggest winners & lo3 t3 are a sub-set of the SHARECHECK and Recent Issues constituents. Short sterling future Quwted at 100 units minus rate of interest, zhjuj are futures in three-mgnth0steulink deposits. Traded options An approach to stock market investment pionjerjd in the US and offering a relatively high degree of gearing (see page 235 for further details). Short sterling 254 SHARJCHECK 220 Finance Shares Markets Exchanges