Secured Loans
Used for listed equity securities. Order which must be executed without hesitation
(market held - Hit the bid or take the offer in line) or if the stock can be bought or
sold at that price (held limit order) in sufficient quantity.
Hell-or-high-water contract
A contract that obligates a purchaser of a projects output to make cash payments
to the project in all events, even if no product is offered for sale.
Helsinki Exchanges (HEX)
The Helsinki Exchanges (HEX Ltd, Helsinki Securities and Derivatives Exchange
and Clearing House) was formed at the beginning of 1998 following the merger
of the Helsinki Stock Exchange Ltd and SOM Ltd, the Securities and Derivatives
Exchange and the Clearing House.
Herstatt risk
The risk of loss in foreign exchange trading that one party will deliver foreign
exchange but the counterparty financial institution will fail to deliver its end of the
contract. It is also referred to as settlement risk.
HEX
See: Helsinki Exchange
H-H page
Quotron display page that shows new listed inquiries/orders received after the
block call.
High-coupon bond refunding
Refunding of a high-coupon bond with a new, lower coupon bond.
High flyer
Used in the context of general equities. High-priced and highly speculative stock
that moves up and down sharply over a short period. Generally glamorous in
nature due to the capital gains potential associated with them; also used to
describe any high-priced stock. Antithesis of sleeper.
Highly leveraged transaction (HLT)
Bank loan to a highly leveraged firm.
