ISTILAH 2


Mari kita sambung sedikit istilah-istilah yang lain untuk pengetahuan bersama

american eagleFace Value: The nominal value given to legal tender coin or currency (for example a 1-oz. Gold American Eagle coin has a face value of $50).

Fob: An fob price refers to the price of a commodity on a vessel at its point of departure, and usually includes transport insurance and loading costs; hence Free on Board

fwd con

Forward contract: A principal’s (Over the Counter) contract that trades an asset for settlement on a specific date in the future. Each forward contract is ‘tailor-made’

Futures contracts: An agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date. Futures contracts are standardised and are traded on ‘margin’ on futures exchanges, such as TOCOM or the COMEX division of NYMEX.

GOFOGOFO: The Gold Offered Forward Rate, which is the rate at which dealers will lend gold against US dollars.

Gold Loan: A financing mechanism whereby gold is borrowed from a bullion bank (which has usually borrowed it from a central bank or banks), and sold into the market to raise cash, usually to finance a gold mining operation. The metal is then repaid over an agreed period of time. The interest on the loan is usually paid either in dollars or in gold subject to the agreement between the counter-parties

gold standardGold Standard: A monetary system based on convertibility into gold; paper money backed and interchangeable with gold.

Good delivery bars: Also referred to as large bars, the ingots that conform to London Good Delivery standard

Good delivery standard: The specification to which a gold bar must conform in order to be acceptable on a certain market or exchange. Good delivery for the London Bullion Market is the internationally accredited good delivery standard. A good delivery bar for London should weigh between 350 and 430 ounces (gold content), of minimum purity 99.5% (two nines five). Further specifications can be obtained from the LBMA

grainGrain: One of the earliest weight units used for measuring gold. One grain is equivalent to 0.0648 grams.

Hallmark: Mark, or marks, which indicate the producer of a gold bar and its number, fineness, etc.

hedgHedging: The use of derivative instruments to protect against price risk.

Lakh: A trading term meaning 100,000, deriving from the Indian word of the same meaning

LBMA: The London Bullion Market Association acts as the coordinator for activities conducted on behalf of its members and other participants in the London Bullion Market, and it is the principal point of contact between the market and its regulators.

Lot: Alternative term for a futures contract

Margin: A deposit required to be put up before opening a futures, forward or option contract.


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