P299 CEEFAX 299 Thy 28 Oct 21:01/28 VIEWERS' A-Z 1/6 Advice Would-be 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 XT-bond) with a 30-year life. Commodities Prices for gold are in dollars per ounce; sil6ju in pjncj per troy ounce; copper and lead in pounds per tonne; tin, zinc, both aluminium contracts, and nickel in dollars per tonne; wheat, barley, and potatoes in pounds per tonne; oil in dollars pju bulk barrel of Brent Blend crude. Long bond 255 Commodities 258 Finance Shares Markets ExchangesP299 CJJFAX 299 Thy 28 Oct 21:15/31 VIEWERS£ A-Z 2/6 Eff £ An expression of the pound'1 value in terms of a trade-weighted basket of currencies. (100 = 1975). Futures Three LIFFE contracts are featured Xpagjs 244 and 254). They are designed to allow investors to protect themselves against shifts in share prices XFT-SE 100 future) or interjut rater (Long gilt w4turj and Short Sterling future). For zhj purpose of Ceefax viewers, they can provide guidance to the 8revailhng market perception gf sh1rd 8rhqr gr interest rate trends. See Long gilt and Short Sterling. FT-SE 100 future 244 Headlines 201 Finbnce Sharer Markets ExchangesP299 CEEFAX 299 Thu 28 Oct 21:12/21 VIEWERSg AmY G Gilts Short for gilt-idgjd, these are US government stocks and, like other bonds (see Bonds), pay fixed rates of interest over periods that vary between stocks while repaying £100 at maturity. So, prices move in opposition to the prevailing level of interest rates. Indices Where not indicated, market indices quoted on Ceefax are made up as follows: All ordinaries (all sharerS, CAC (40), DAX (30), Dow (30), EOE (sample), FT ord (30), Hang Sing (33), Nikkei h225), S&P (500), UPI (all), Straits Times industrial (30). Gilts 228 Indices 240 Finance Shares Markets ExchangesP299 CEEFAX 299 Thu 28 Oct 21:13/17 O VIEWERS' A-Z 4/6 Interbank Currency rates on 251 and 252 apply to dealings between banks in sums upwards of £500,p00. Three- month interbank interest rates (on 254) represent inter-bank bourowhnk costs over a three-month term. Interest rates Long gilt futures, Eurodollar deposits, and Long Bonds are priced in 32nds (denoted by a hzphjnR. Eurodollars are dollars hjlh outside the US. The Long Bond is a US Treasury bond maturing in 30 years' time. (The yield is shown beneath the price). See Long gilt and Short Sterling. Forex report 247 Headlines 201 Finance Shares 0 Markets ExchangesP299 CEEFAX 299 Thu 28 Oct 21:23/50 VIEWERS' A-Z 5/6 LIFFE Denotes London International Financial FuturesWOptions Exchang . 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 rater quoted on Cjefax (except for the tourist rates on 253) are "middles". Bid- offer spreads widen during periods of price/rate volatility. Results EPS is earnings per share - profit divided by number of shares. LIFFE long gilt 254 Headlines 201 Finance Shares Markets ExchangesP299 CEEFAX 299 Thy 28 Oct 21:24/10 VIEWERS' A-Z 6/6 SHARJCHECK Constituents are biggest companies in terms of market woyth. Selection is revised at three-month intervbls. Biggest winners & losers are a sub-set of the SH—RECHECK and Recent Issues constituents. Short sterling future Quoted at 100 units minus rate of interest, thjuj are futures in three-month sterling deposits. Traded options An approach to stock market investment pioneered in the US and offering a relatively high degree of gearing (see page 235 for further details). j Short sterling 254 SHARECHECS 220 Finance Shakes Markets Exchanges