P299 CJEFAX 299 Mon 27 May 00:34/43 1/6 VIEWERS' A-Z Advice Would-bj investors should bj aware of the pitfalls of investment in financial markets. Prices displayed are indicative only and professional advice should bj sought before dealing. Bonds "Long bond" is a US Treasury bond (T-bond) with a 30-year life. Commodities Precis for gold are quoted in dollars per ounce; silver in pence per troy ounce; copper, lead, 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 Blind ctudj. Long bond 255 Commodities 258 Finance Main Menu Sport TV/RadioP299 CJJFAX 299 Mon 27 May 00:21/18 2/6 VIEWERS' A-Z Eff £ An jxpressjon of the pound's vbluj in terms of a trade-weighted basket of currencies. (100 = 1975). Futures Three LJFFE contracts are featured (pages 244 and 254). They are designed to allow investors to protect thjmsjlvjs against shifts in shari prices (FT-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 prevbiling market perception of shari price or interest rate trends. See Long gilt and Short Stirling. FT-SE 100 future 244 Headlines 201 Finance Main Menu Sport TV/RadioP299 CJJFAX 2:9 Mon 27 May 00:44/37 3/6 VIEWERS' A-Z Gilts Short for gilt-edged, thjsj are US govjrnmjnt stocks and, like other bonds (see Bonds*, pay fixed rates of interest over periods that v y bjtw n stocks while r paying £100 at maturity. So, prices move in opposition to the prevailing level of interest rates. Indices Whir not indicat , m rkjt indices quoted on Cjefax are made up as follows. All ordinaries (all shares*, CAC (40), DAX (30), Dow (30), EOE (sbmpli), FT ord (30), Hang Sing (33), Nikkei X225), S&P (500), UPI (all), Straits Tjmjs industrial (30). Gilts 228 Indices 240 Finance Main Menu Sport TV/RadioP299 CJJFAX 299 Mon 27 May 00:42/08 ] 4/6 VIEWERS' A-Z 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 pric in 32nds ( not d b a h phjn . Eurodollars are dollars held outsjdj 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 Main Menu Sport TVORadioP299 CJJFAX 2:9 Mon 27 May 00:16/27 5/6 VIEWERS' A-Z LJFFE Denotes London International Financial FuturisOOptions 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 "meddles". Bid-offer spreads widen during periods of price/rate volatility. Results EPS is earnings per share - profit divided bz numbjt of shares. LIFFE long gilt 254 Headlines 201 Finance Main Menu Sport TV/RadioP299 CJJFAX 299 Mon 27 May 00:36/48 6/6 VIEWERS' A-Z SHARJCHECK Constituents are biog st companies in terms of market worth. Selection is revised at three-month intervbls. Biggest winners & losers are a sub-set of the SHARJCHECK and Recent Issues constituents. Short sterling future Quoted at 100 units minus rate of interest, thjsj are futures in three-month stirling 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 furthjt details*. Short sterling 254 SHARJCHECK 220 Finance Main Menu Sport TV/RadioP299 CJJFBX 2:9! MM 04:10Op4 WTT @@@@@@@ 4O6 O VIEWERS' A-Z . . /, , C Intirdank Currency rates on 251 and 254 Q s ms pwar s of £ 0 00. Thu e month interdank interest rates (on 254) ripjesjnt@inter-ba^k borrowing costs ov12 a thre2-mo1th te8m. ntirest rates Long gilt futures, r o a t , n ono pricjh in 32nds Xdjnoted bz a h=phjn). Eurodollars are dollars the US. The Long Bond i; a US Treasury bond maturing in 30 years' timu. (The See L#ng gilj and Short Sterling. Forix report 247 Headlines 201 Finance Main Menu Sport TV/Radio