National Futures Association (NFA)

Similar financial terms

Federal National Mortgage Association (FNMA)
The FNMA is a US government-backed corporation which purchases mortgages from lenders and resells them to investors. It is financed by the issue of debt securities. Equity shares, known as Fannie Maes, are traded on the New York Stock Exchange.

Nationalization
A government takeover of a private company.

Multinational corporation
A firm that operates in more than one country.

London International Financial Futures Exchange
London International Financial Futures Exchange (LIFFE) is a London exchange where Eurodollar futures as well as futures-style options are traded.

Malcolm Balridge National Quality Award (MBNQA)
The Award is named for Malcolm Balridge, who served as Secretary of Commerce from 1981 until his tragic death in a rodeo accident in 1987. His managerial excellence contributed to long-term improvement in efficiency and effectiveness of government.

American National Standards (ANSI)
ANSI is a private, non-profit organization that administers and coordinates the U.S. voluntary standardization and conformity assessment.

Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of Japan, and the U.S. Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international banking activity and promulgates rules concerning international bank regulation.

National income
The value of goods and services created by a country in one year.

Net national product
The technical term for national income, it is GNP minus capital consumption.

International Fiscal Police (INTERFIPOL)
The tax crime counterpart to INTERPOL.

International Business Company (IBC)
An IBC is a corporation formed (incorporated) under a Company Act of a tax haven, but not authorized to do business within that country of incorporation; intended to be used for global operations. Owned by member(s)/shareholder(s). Has the usual corporate attributes.

International Financial and Banking Centre (IFC)
A country identified as being a tax haven.

International Criminal Police Organization
Commonly known as INTERPOL. The network of multinational law enforcement authorities established to exchange information regarding money laundering and other criminal activities. Currently more than 130 member nations.

Theoretical futures price
Also called the fair price, the equilibrium futures price.

Spot futures parity theorem
Describes the theoretically correct relationship between spot and futures prices. Violation of the parity relationship gives rise to arbitrage opportunities.

Next futures contract
The contract settling immediately after the nearby futures contract.

Nearby futures contract
When several futures contracts are considered, the contract with the closest settlement date is called the nearby futures contract. The next futures contract is the one that settles just after the nearby futures contract. The contract farthest away in time from settlement is called the most distant futures contract.

Most distant futures contract
When several futures contracts are considered, the contract settling last.

The Commodity Futures Trading Commission (CFTC)
The Commodity Futures Trading Commission is the federal agency created by Congress to regulate futures trading. The Commodity Exchange Act of 1974 became effective April 21, 1975. Previously, futures trading had been regulated by the Commodity Exchange Authority of the USDA.

Synthetic Futures
A position created by combining call and put options. A synthetic long futures position is created by combining a long call option and a short put option for the same expiration date and the same strike price. A synthetic short futures is created by combining a long put and a short call with the same expiration date and the same strike price.

Savings and Loan association
A US-type state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages.

Articles Of Association
A legal document that sets out the internal rules of operation of a company. Also known as memorandum of association.