P299 CJEFAX 299 Fri 15 Apr 21:18/48 ] VHEWERS' A-U 1/6 Advice Would-bj investors should bj aware of the pitfalls of invjstmunt in financial markets. Professional advice should bj sought. Bonds "Long bond" is a US Trea3ury bond (T-bond) with a 30-year life. Commodities Prices for gold are in dollars per ounce; silver in pence pju 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 per bulk barrel of Brent Blend crude. Long bond 255 Commodities 258 Finance Shares Markets ExchangesP299 CEEFAX 299 Fri 15 apr 21:13/27 VIEWERS' AmY F Eff £ An expression of the pound'u value in terms of a trade-weighted basket of currencies. (100 = 1975). Futures Three LIFFE contracts are featured Xpages 244 and 254). They are designed to allot investors to protect thjm3jlves against shifts in share prices XFT-SE 100 future) or interest rates (Long gimt future and Short Sterling future). For the purpose of Ceefax viewers, they can provide guidance to the prevailing market perception of share price or interest rate trends. See Long gilt and Shout Steulin£. FT-SE 100 future 244 Headlines 201 Finance Shares Markets ExchangesP299 CEEFAX 299 Fri 15 apr 21:91/44 VIEWERS' A-Z 3/6 7£££££££££££££££££££££££££££££££ £££££k Gilts Short for gilt-edged, thj5j are US govjrnmjnt stocks and, like other bonds (see Bonds*, pay fixed rates of interest over periods th1t vary between stocks while repa=ing £100 at maturity. So, 8rices mo6j in opposition to the prevailing level of interest rates. Indices Where not indicated, market indices quoted on Cjefax are made up as follows: All ordinaries (all shares*, CAC (40), DAX (30), Dow (30), EOE (sample), FT oud (30), Hang Sing (33), Nikkei (225), S&P (500), UPI (all), Straits Times industrial (30). Gilts 228 Indices 240 Finbnci Sharer Markets ExchangesP299 CEEFAX 299 Fri 15 Apr 21:14/33 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 interbank interest rates (on 254) represent inter-bank borrowing costs over a three-month term. Interest rates Long gilt futures, Eurodollar deposits, and Long Bonds are priced in 32nds (denoted bz 1 hyphenS. Eurodollars are dollars held outside the US. The Long Bond is a US Treasury bond maturing in 30 years' time. (The =ield is shown beneath the price). See Long gilt and Shout Sterling. Forex report 247 Headlines 201 Finance Thar 0 Market Ex hangP299 CEEFAX 299 Fri 15 Apr 21:14/41 VIEWERS' AmY 5/6 LIFFE Denotes London International Financial FuturesWOptions Exchange. LME Denotes London Metal Exchange. Long gilt future Thjsj 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 "middles". Bid- offer spreads widen during periods of price/rate volatility. Results EPS is earnings pju share - profit divided by number of sharer. LIFFE long gilt 254 Hjadlinrs 201 Finbnce Shares Markets ExchangesP299 CEEFAX 299 Fri 15 apr 21:18/40 VHEWERS' A-Z I 6/6 SHARECHECK Constituents are biggest 5 compan e in terms of market wo th. Selection is revised at three-month intervals. Biggest winners & losers are a sub-3et of the SHARECHECK 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). Short sterling 254 SHARJCHECK 220 Finance Shares Markets Exchanges