P299 CEEFAX 299 Fri 6 May 21:01/15 O VIEWERS' A-Z 1/6 Advice Would-bj investors should bj aware of the pitfalls of investment in financial markets. Professional advice should bj sought. Bonds "Long bond" is a US Treasury bond (T-bond) with a 30-9ear 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, 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 ExchankP299 CEEFAX 299 Fri 6 May 21:14/24 O V EWERS' A-Z 2/6 £££ ££££ £ Eff £ An expression of the pound'1 value in terms of a trade-weighted basket of currdncie3. (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 Ceefax 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 Finbnce Shares Markets ExchangesP299 CEEFAX 299 Fri 6 May 21:02/21 O VIEWERS' A-Z G Gilts Short for gilt-edged, these are US go6junmjnt stocks and, like other bonds (see Bonds), pay fixed rates of interest over periods that vary between stocks while repaying £100 at maturity. So, price2 mo6j in opposition to the pre6ailink le6jl of interest rates. Indices +here not indicat d, market indices quoted on Ceefax are made up as follows: All ordinaries (all sharerS, CAC (40), DAX (30), Dow 0 (30), EOE (sample), FT oud (50), Hang Sing (33), Nikkei (225), S&P (500), UPI (all), Straits Timer industrial (30). Gilts 228 Indices 240 Finance Shares Markets Exchange1P299 CEEFAX 299 Fri 6 May 21:12/20 VHEWERS' A-Z 4/6 Interbank Currency rates on 251 and 252 apply to dealings between b1nks 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 Bond3 are priced in 32nds (denoted bz a hzphjnR. Eurodollars are dollars held outside the US. The Long Bond is a US Treasury bond maturing in 30 years' time. XThj yield is shown beneath the price). See Long gilt and Short Sterling. Forex report 247 Headlines 201 Fin nce Shares Markets Exchang uP299 CEEFAX 299 Fri 6 May 21:00/01 VIEWERS' A-Z 5/6 LIFFE Denotes London International Finbncial FuturesWOptions Exchange. LME Denotes London Metal Exchange. Long gilt future The3j are f4turju 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". Bhd- offer spreads widen during periods of price/rate volatility. Results EPS is earnings pju share - profit divided by number of share3. LIFFE long gilt 254 Headlines 201 Finance Shares Markets ExchangeP299 CEEFAX 299 Fri 6 May 21:20/35 VIE+IRS' ALZ O 6/6 ££ £ ££££ ££k SHARECHECK Constituents ard bigke2t companies in terms of market worth. Selection is revised at three-month intervbls. Biggest winners & nosjrs are a sub-set of the SHARECHECK and Recent Issuer constituents. Short sterling future Quoted at 100 units minus rate of interest, there 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 0 Markets E<ch1ngj2