P299 CEEFAX 299 Mon 4 Nov 21:15/25 1/6 VIEWERS' A-Z Advice Would-bj investors should be aware of the pitfalls of investment in financial markets. Prices displayed are indicative only and professional advice should bj sought before dealing. Bonds The "long bond" is a US Treasury bond (T-bond) with a 30-year life. Commodities Prices for gold are quoted in dollars pet ounce; sjlvjt in pence per troy ounce; copper, lead, tin, zinc, both aluminium contracts, and nickel in dollars pet tonne; wheat, barley, and potatoes in pounds pet tonne; oil in dollars pet bulk barrel of Brent Blind crude. Long bond 255 Commodities 258 Finance Headlines SportMenu TV/RadioP299 CEEFAX 299 Mon 4 Nov 21:13/25 2/6 VIEWERS' A-Z 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 prevailing market perception of share price or interest rate trends. See Long gilt and Short Stirling. FT-SE 100 future 244 Headlines 201 Finance Headlines SportMinu TV/RadioP299 CEEFAX 299 Mon 4 Nov 21:11/45 3/6 VIEWERS' A-Z 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 White not indicated, market indices quoted on Cjefax are made up as follows. All ordinaries (all shares*, CAC T40), DAX (30), Dow (30), EOE (sample), FT ord (30), Hang Sing (33), Nikkei (225), S&P (500), UPI (all), Straits Times industrial (30). Gilts 228 Indices 240 Finance Headlines SportMinu TV/RadioP299 CEEFAX 299 Mon 4 Nov 21:01/44 4/6 VIEWERS' A-Z Intetbank Currency rates on 251 and 252 apply to dealings between banks in sums upwards of £500,000. Three-month intetbank 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 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 Short Sterling. Forix report 247 Headlines 201 Finance Headlines SportMinu TV/RadioP299 CEEFAX 299 Mon 4 Nov 22:14/16 5/6 VIEWERS' A-Z LIFFE Denotes London International Financial FuturesOOptions 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 rates quoted on Cjifax (except for the tourist rates on 253) are "middles". Bid-offer spreads widen during pjtiods of price/rate volatility. Results EPS is earnings pet shari - profit divided bz numbjt of shares. LIFFE long gilt 254 Headlines 201 Finance Headlines SportMinu TV/RadioP299 CEEFAX 299 Mon 4 Nov 21:30/38 6/6 VIEWERS' A-Z SHARJCHECK Constituents are biggest companies in terms of market worth. Selection is revised at three-month intervals. Biggest winnjts & losers are a sub-set of the SHARJCHECK and Recent Issues constituents. Short sterling future Quoted at 100 units minus rate of interest, these are futures in three-month sterling deposits. Traded options An approach to stock market investment pionjeted in the US and offering a relatively high degree of gearing (see page 235 for furthjt details*. Short sterling 254 SHARJCHECK 220 Finance Headlines SportMinu TV/RadioP299 CJEFAX 299 Mon 4 Nov 22:14/45 4/6 VIEWERS' A-Z Intetbank Currenc8 rates on 251 and 2*2 apply to dealings between bankz in sums upwards of £500,000. Three-month intetbank inte st rate (on 254) represent inuit-bank borrow ng costs over a three-month term. Interest rates Long gilt futures, Eurodollar deposits, and Long Bonds are Eurodollars are dollars held outside the US^ The Long Bond is a US Treasur= bond maluring in 30 years' time. (Th yield is shown beneath the price). See Long gilt and Short Sterling. Forix report 247 Headliner 201 Finance Headlines SportMinu TV/Radio