P299 CJJFAX 299 Fri 8 Apr 21:12/44 VIEWERS' A-Z 1/6 Advice Would-bj investors should bj awake of the pitfalls of inve1tmjnt in financial markets. Professional advice should bj sought. Bonds "Long bond" is a US Treasury bond XT-bond) with a 30-9jar 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, bazley, and potatoes in pounds per tonne; oil in dollars per bulk barrel of Brent Blend crude. Long bond 255 Commodities 258 Finance Shares Markets ExchangesP299 CEEFAX 299 Fri 8 Apr 21:18/18 VIEWERS' A-Z 2/6 Eff £ An expression of the pound's value 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 share prices XFT-SE 100 future) or interest rates (Long gilt future and Short Sterling future). For the purpose of Cjefax viewers, they can provide guidance to the prj6ailink market perception of share price or interest rate trends. See Long gilt and Short Sterling. FT-SE 100 future 244 Headlines 201 Finance Shares Markets Exch ngjP299 CJEFAX 299 Fri 8 Apr 21:16/47 VIEWERS' A-Z 3/6 Gilts Short for gilt-edged, the3j are UU government stocks and, like other bonds (see Bonds), pay fixed rates of interest over periods that vary between stocks while repa9ing £100 at maturity. So, prices move in opposition to the prevailing level of interest rates. Indices +here not indicated, market indices quoted on Cjefax are made up as follows: All ordinaries (all shares), CAC (40), D—X (30), fow (30), EOE (sample), FT ord (30), Hang Sing (33), Nikkei X225), S&P (500), UPI (all), Straits Times industrial (30). Gilts 228 Indices 240 Finbnce Shares Markets Exch noesP299 CEEFAX 299 Fri 8 Apr 21:14/04 VIEWERS' A-Z 4/6 Interbank Currency rates on 251 and 252 apply to djalinks between bank3 in sums upwards of £500,000. Three- month inteubank interest rater (on 254) represent inter-bank borrowing costs over a three-month tdrm. Interest rates Long gilt futures, Eurodollar deposits, and Long Bonds are priced in 32nds (denoted by a hyphen). Eurodollars are dollars held 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 Shout Sterling. Forex report 247 Headlines 201 Finance Shares Markets Exchangj1P299 CEEFAX 299 Fri 8 apr 21:17/11 VHEWERS' A-Z 5/6 LIFFJ Denotes London International Finbncial FuturesWOptions Exchange. 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 pju share - profit divided by number of shares. LIFFE long gilt 254 leadlinjs 201 Finance Shares Markets GExchangesP299 CEEFAX 299 Fri 8 apr 21:12/17 VIEWERS' A-Z 6/6 SHARECHECK Constituents are biggest companies in terms of market worth. Selection is revised at three-month intervals. Biggest winners & losers are a sub-set of the SHARECHECK 1nd 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 pionjerjd in the US and offering a relatively high degree of gearing (see page 235 for further details). Short sterling 254 SHARECHECK 220 Finance Shares Markets Exchanges