A A share abatement of tax ABN AMRO Bank N.V.

V. above-the-line expenditure above-the-line receipt ABSA Asia Limited absolute change absolute expenditure absolute guideline figure absolute interest absolute order of discharge absolute profit margin absolute value absolutely vested interest absorbed cost absorption absorption rate ACB Finance Limited acceptable form of reciprocity acceptable rate acceptance agreement acceptance for honour acceptor acceptor for honour accident insurance Accident Insurance Association of Hong Kong accident insurance scheme accident year basis accommodation accommodation bill accommodation party account balance account book account collected in advance account current book account of after-acquired property account of defaulter account payable account payee only [A/C payee only] account receivable

account receivable report account statement account title accountant's report Accountant's Report Rules accounting and auditing procedure Accounting Arrangements accounting basis accounting by Official Receiver Accounting Circular accounting class accounting date accounting for money Accounting Officer accounting period accounting policy accounting practice accounting principle accounting record accounting report Accounting Services Branch [Treasury] Accounting Society of China accounting statement accounting system accounting transaction accounting treatment accounting year accretion accrual accrual basis accrual basis accounting accrue accrued benefit accrued charges accrued cumulative preference share dividend accrued expenses accrued interest payable accrued interest receivable accrued right accruing profit accumulated fiscal reserve accumulated profit accumulated reserve accumulation of surplus income

acquired assets acquisition acquisition cost acquisition expenses acquisition of 100% interest acquisition of control acquisition of fixed assets acquisition of shell acquisition price act of God acting partner active market active partner active trading actual circulation actual cost actual expenditure actual income actual market actual price actual profit actual quotation actual year basis actuals actuarial investigation actuarial principle actuarial report Actuarial Society of Hong Kong actuarial valuation actuary ad referendum agreement ad valorem duty ad valorem duty system ad valorem fee ad valorem tariff additional allowance additional amount for unexpired risk additional assessable profit additional assessment additional commitment additional commitment vote additional dependent grandparent allowance additional dependent parent allowance additional provision

additional stamp duty additional tax Additional Tax Demand Note adjudged bankrupt adjudicated bankrupt adjudication fee adjudication of bankruptcy adjudication of insolvency adjusted actual adjusted current assets adjusted figure adjusted liabilities adjusted loss adjusted net admissible assets adjusted profit adjusted surplus adjusted value adjustment adjustment centre adjustment lag adjustment mechanism adjustment of loss adjustment process adjustment range administered exchange rate Administration Division [Hong Kong Monetary Authority] administration expenses administration fee administration in bankruptcy administration order administrator administrator of the estate admission of debt admission of proof advance advance account advance compensation advance from shareholder advance pending reimbursement advanced economy advancement advances warrant advancing adverse balance

adverse exchange advertisement addressed to shareholders advice for collection advice of drawing advice of payment Advisory Committee [Securities and Futures Commission] Advisory Committee on Diversification affidavit affidavit of no receipt affiliate affiliated company affirmation [estate duty] affordability African Development Bank [AfDB] after-acquired property after-hours dealing after-tax profit agency agreement agency expenses agency fee Agency Law agent agent of company agent's fee aggregate aggregate amount aggregate assets and liabilities aggregate at constant price aggregate demand aggregate gross position aggregate limit aggregate of salaries tax aggregate performance aggregate supply aggregate surplus aggregate total aggregate value aggregated basis aggregated net chargeable income aggregation aggregation of incomes of husband and wife aggregation of property agio

Agreement between the Government of Hong Kong and the Government of Japan for the Promotion and Protection of Investment Agreement between the Government of Hong Kong and the Government of the Republic of Austria for the Promotion and Protection of Investment Agreement between the Government of Hong Kong and the Government of the Republic of France for the Promotion and Protection of Investment Agreement between the Government of Hong Kong and the Government of the Republic of Korea for the Promotion and Protection of Investment agreement for a settlement agreement for assignment agreement for sale agreement for sale and purchase agreement for the payment of interest agreement for the repayment of money agreement of reinsurance Agricultural Bank of China air passenger departure tax Air Services Negotiations Unit [Economic Services Bureau] airport tax alcohol duty alienation alimony All Ordinaries Index [AOI] all risks All Sales Record for Stock Market Allied Capital Resources Limited all-items index [Consumer Price Index] allocation letter allocation of fund allocation of profit allocation warrant allotment allotment notice allotment of shares allowable allowable business loss allowable expenses allowance allowance for debts allowance for depreciation by wear and tear

allowance for funeral expenses allowance for inflation allowance for repairs and outgoings allowance to debtor alteration of capital alternate trustee amalgamation ambit [head or subhead of expenditure] ambit of charges amended valuation American Commodities Exchange American Express Bank Limited American Stock Exchange amortization amount due from banks amount due from banks abroad amount due from holding companies amount due from local banks amount due to banks amount due to banks abroad amount due to holding companies amount due to local banks amount due to outport banks amount for note issue amount of bond amount of consideration amount of contribution amount of indebtedness amount of principal of the loan amount of rates chargeable amount of share capital amount of sums assured amount of variation amount of vote amount payable amount receivable Amsterdam Stock Exchange analysis ancillary risk annual account annual accounting date annual allowance annual balance annual disposable income

annual estimates annual fee annual general meeting annual growth rate annual long-term supplement annual pensionable emolument annual report Annual Report on the Consumer Price Index annual return Annual Return Rules annual review of consumer prices annual roll-forward basis annual salary annual statement Annual Survey of Banks, Deposit-taking Companies and Representative Offices of Foreign Banks annuitant annuity annuity contract annuity on human life antecedent debt ante-dated cheque anticipated expenditure anticipated net profit anticipated revenue anti-inflation measure anti-inflationary stance apparent deficit apparent financial solvency apparent partner application for personal assessment application of fund application to release as liquidator and to destruct the books of accounts and document appointed actuary appointed auditor appointed trustee appointer apportioned pro rata apportionment Apportionment Act [United Kingdom] apportionment formula apportionment of estate duty appraisal

appreciable growth appreciable impact appreciable increase appreciation appreciation against other currencies appreciation of the exchange value of Hong Kong dollar appreciation tax appropriation appropriation account Appropriation Bill appropriation-in-aid system approved assets approved basket stock approved budget approved charitable donation approved charitable institution approved currency approved estimates approved estimates of expenditure approved overseas insurer approved overseas trust company approved pooled investment fund approved provident fund scheme approved provision approved redeemable share approved regional stock approved retirement scheme approved subordinated loan arbitrage arbitrageur arbitrary amount arrangement arrears arrears of pay arrears of revenue articles of association Asahi Finance (Hong Kong) Limited ascertainment of profit "Asia Clear" Asia Commercial Bank Ltd. Asian Development Bank [ADB] Asian Development Fund [ADF] Asian dollar bond Asian dollar market

Asian dollar rate Asian Securities Analysts Council [ASAC] Asia-Pacific Economic Co-operation [APEC] asked price assessable income assessable loss assessable profit assessable value assessed profit assessed value assessment assessment number assessment of additional tax assessment of performance Assessor asset price bubbles asset-backed securities assets accretion assets and liabilities assets betterment statement assets lending assets of the company passing on the death assets pledged as security for liabilities assets portfolio assets price assets quality assets realization assets refinancing arrangement assets securitization assets situated outside Hong Kong assets stripping assets value assignee assignment assignment of interest assignment of letters patent and trade mark assignment of property assignment right assignor associate Associate Clearing Housing Amsterdam B.V. associate member associated body corporate associated company

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associated corporation Association of Chartered Certified Accountants [ACCA] [United Kingdom] Association of Futures Exchange Brokers Association of South-East Asian Nations [ASEAN] association of underwriters assumption of control assurance assurance of interest at 19XX price at a discount at a premium at call at constant market price at constant price at cost at current market price at current price at factor cost at money-of-the-day price at or better at par at sight at the close at the opening attestation at-the-money option attorney attornment attributable profit attributable share value Auckland Stock Exchange auction auctioneer audit Audit Commission Audit Committee [Stock Exchange of Hong Kong Limited, Securities and Futures Commission] audit review Audit Sub-committee [Exchange Fund Advisory Committee] audited account audited annual account audited balance sheet auditor

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auditor's certificate auditor's report Aussie bond austerity budget Australia & New Zealand Banking Group Limited Australia All Ordinaries Index Australian Dollar [AUD] Australian Options Market Australian Securities Commission Australian Society of Certified Practising Accountants Australian Stock Exchange Austrian Schilling [ATS] authentication authority to purchase authorization authorization by direction authorization by instruction authorization by warrant authorization of unit trust authorized agent authorized capital authorized clerk authorized dealer authorized financial institution authorized fund authorized fund house authorized institution authorized institution incorporated in Hong Kong authorized institution incorporated outside Hong Kong authorized insurer authorized investment authorized person authorized representative authorized share capital automated quotation system Automated Trading System [ATS] [Hong Kong Futures Exchange Limited] automatic adjustment mechanism automatic adjustment system Automatic Clearing House automatic exchange rates accumulation system Automatic Order Matching and Execution System [AMS] automatic teller machine [ATM]

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autopay available assets available fiscal reserve available profit Avco Financial Services (Asia) Limited average average basic salary average consumer expenditure average cost average cost of land production average daily turnover average daily wage rate average expenditure pattern average growth rate average net fixed assets average of relatives average price average propensity to consume average propensity to save average rate average revenue average stock average yearly rent avoidance of double taxation avoidance of tax

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B B share BA Asia Limited BA Finance (Hong Kong) Limited back duty back tax backdoor listing back-to-back credit back-to-back loan backwardation bad debt bad debt provision bad year bailee Bailiff Bailiff Office bailment balance balance brought down balance brought forward balance carried down balance carried forward balance of international indebtedness balance of international payments balance of payments Balance of Payments Manual [International Monetary Fund] balance of proceeds balance of trade balance sheet balance sheet date balance with other banks balanced budget balancing allowance balancing charge Bali International Finance Limited Banca Commerciale Italiana S.p.A. Banca Nazionale del Lavoro S.p.A. S.p.A. Banco di Napoli S.p.A. S.p.A. Bangkok Bank Public Company Limited bank acceptance

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bank account bank account holder bank balance bank book bank cashier order bank code bank draft Bank Examiner Bank for International Settlements bank guarantee bank lending bank liquidity bank loan Bank Melli Iran bank note bank note handling fee bank note lawfully issued bank note payable to bearer on demand bank note transaction bank notes rate Bank of America (Asia) Limited Bank of America NT & SA Bank of Ayudhya Public Company Limited Bank of China Bank of China Group Bank of Communications Bank of East Asia, Limited Bank of England Bank of Fukuoka Ltd. Bank of India Bank of Montreal Bank of Nova Scotia Bank of Scotland Bank of Taiwan Bank of Tokyo-Mitsubishi, Ltd. bank rate bank service charges bank statement Bank, The [magazine] bank trading day banker banker's acceptance banker's authority banker's book

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bankers' clearing house banker's draft banker's order banker's record Bankers Trust Company banker's undertaking Banking Advisory Committee Banking and Monetary Section [Financial Services Bureau] banking business Banking (Code of Conduct) Guidelines 1986, The Banking Development Division [Hong Kong Monetary Authority] banking facility banking licence Banking Policy Department [Hong Kong Monetary Authority] Banking Policy Division [Hong Kong Monetary Authority] Banking Supervision Department [Hong Kong Monetary Authority] Banking Supervision Division [Hong Kong Monetary Authority] Banking Supervision Review Committee banking supervisory authority banking system bank-related broker bankrupt bankruptcy court Bankruptcy Estates Account bankruptcy notice bankruptcy order bankruptcy petition bankruptcy proceeding bank's buying rate bank's selling rate Banque Nationale de Paris Banque Worms Barclays Bank plc bargain hunting Barings crisis base base cost base date base index base of valuation base period base rate

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base year baseline baseline expenditure baseline-plus forecast base-weighted Laspeyres index base-year average price basic allowance basic personal allowance basic salary basic value basic wage basis basis of assessment basis of consolidation basis of valuation of property Basle Agreement Basle Capital Accord Basle capital adequacy requirement Basle Committee Basle Committee on Banking Supervision Basle Committee's 3-times multiplier model Basle Concordat Basle Payments Committee Basle standardized approach Bauhinia design coin Bayerische Landesbank Girozentrale BCA Finance Limited BCOM Finance (Hong Kong) Limited BDNI Finance Limited bear bear bond bear market bear position bearer bearer bill bearer bond bearer certificate bearer cheque bearer instrument bearer securities behaviour Belgian Franc [BEF] below-the-line account benchmark

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benchmark database benchmark entry point benchmark estimate benchmark revision benchmark survey benchmark yield curve beneficial holding beneficial interest beneficial interest in property beneficial interest in shareholding beneficial owner beneficial ownership beneficial shareholding beneficially interested beneficially owned beneficially owned share beneficiary beneficiary under a trust benefit benefit of contract Bergen Bank best lending rate Best Practice Guide Best Practice Guide on Financial Disclosure by Authorized Institutions bet beta coefficient bets and sweeps tax betterment betterment income betterment profit betting duty bid bid price bid rate bidder BII Finance Company Limited bilateral agreement bilateral meeting bilateral netting agreement bilateral repurchase agreement bill bill acceptance bill broker

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bill discounting company bill for clearing bill in a set bill of exchange bill of lading [B/L] bill of sale [B/S] bill payable after sight bill payable on demand bill purchased bill receivable Bills of Exchange Law blank endorsement blanket insurance blanket policy block block allocation block capital grant block discount policy block grant block grant system block offer [securities] block vote blue chip board lot Board of Governors of the International Monetary Fund Board of Governors of the World Bank Board of Hong Kong Futures Exchange Limited Board of Inland Revenue Board of Review [inland revenue] Board of Trade Clearing Corporation [Chicago] Board of Treasury board trading BOCI Capital Limited body corporate Bogor Declaration bogus transaction bona fide mortgage bona fide transaction bona vacantia bond bond denominated in Hong Kong dollars bond fund bond rating bonded warehouse

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bonus bonus issue bonus share book book and paper book close date book debt book entry book loss book of account book profit book reserve book value book-keeping transaction boom year booming market boost borrow borrowed fund borrowed stock borrower borrowing borrowing and lending of stocks borrowing power borrowing upon stock bottom out bottom price bought and sold note bought note braking effect branch branch registration certificate branch registration fee breach of trust break clause breakdown break-even break-even point Bretton Woods Agreement Bretton Woods System brief fee broad definition of money supply broker brokerage

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brokerage charges brokerage house Brokers' Fidelity Insurance Claims Sub-Committee [Stock Exchange of Hong Kong Limited] Brokers' Fidelity Insurance Scheme [BFI Scheme] broker's firm broker's representative brought to credit Brussels Stock Exchange Brussels Tariff Nomenclature [BTN] bucketing bucketing offence budget budget booklet Budget Committee [Securities and Futures Commission] Budget Concluding Speech budget cycle Budget Day budget debate budget deficit budget exercise budget guideline budget guideline ratio budget proposal budget revenue budget revenue measure Budget Speech budget strategy budget surplus budgetary and cost control budgetary criterion budgetary deficit budgetary guideline budgetary implication budgetary innovation budgetary management budgetary policy budgetary position budgetary strategy budgetary system budgeted cost budgeted for surplus building cost index

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built-in control of the money supply built-in stabilizer bulk buying bulk transfer bull bull bond bull market bull position bullion broker bullion market Bundesaufsichtsamt fur den Wertpapierhandel buoy up buoyant buoyant market bursary business business address business association business bank account business concession business cycle business day business expenses business for profit business hour business income Business Manager [Companies Registry] business of exchange currencies business of taking deposits business plan business record business recovery business registration application form business registration certificate business registration fee business registration inspector business registration number Business Registration Office [Inland Revenue Department] Business Registration Officer business sector business sentiment business taxation business turnover business undertaking

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business-friendly buy buy low and sell high buy order buyer's market buyer's price buy-in buying rate

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C calendar year figure call call deposit call loan call margin call market call money call option call price call warrant callable share called up share capital Canadian Dollar [CAD] Canadian Eastern Finance Limited Canadian Imperial Bank of Commerce cancellation price cap capital Capital Accord capital account capital account commitment balance Capital Adequacy Directive [CAD] capital adequacy ratio [CAR] capital allowance capital alteration capital and liabilities ratio capital and liquidity requirement capital appreciation Capital, Asset Quality, Management, Earnings and Liquidity Rating System [CAMEL Rating System] CAMEL capital assets capital at risk capital base capital charges capital commitment capital contribution certificate capital convergence capital cost capital cover capital deficit capital divided into shares

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capital element capital equipment capital expenditure capital expenses capital financing capital flow capital formation capital formation figure capital fund capital gain capital gains tax capital goods capital grant capital grant cycle capital injection capital input capital intensity capital intensive capital investment Capital Investment Fund capital loss capital maintenance capital market capital market instrument capital money capital money subject to a trust capital movement capital nature capital outlay capital portion capital profit capital project capital receipt capital redemption capital redemption business capital redemption contract capital redemption reserve capital reduction Capital Reduction Scheme [Stock Exchange of Hong Kong Limited] capital repayment capital reserve capital revenue capital spending

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capital stock capital stock subscription capital subsidy capital subvention capital sum capital tax capital transfer tax capital turnover capital value capital works project Capital Works Reserve Fund Capital Works Resource Allocation Exercise capitalization capitalization of interest capitalized interest capitalized loan capitalized value capitation grant captive insurance business car insurance Caribbean Development Bank CARIPLO-Cassa di Risparmio delle Provincie Lombarde S.p.A. [trading as Cariplo S.p.A.] cartel cartelized rates system cash cash accounting system cash acquisition cash allowance cash assets cash at bank cash balance cash basis cash basis accounting cash bonus cash book cash client cash commission rebate cash compensation cash contribution cash cost cash coupon cash credit cash deficit

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cash deposit and withdrawal cash disbursement journal cash disbursement slip cash flow cash flow lending cash flow statement cash flow surplus cash in hand cash in till cash in transit cash input cash input figure cash limit cash margin cash market cash offer cash payment cash position cash price cash receipts journal cash receiving slip cash settlement cash surplus cash with order cashier's order cashier's order outstanding cash-limited subhead cash-sweep casual client CCASS Depository CCIC Finance Limited cedant ceding company ceding insurer ceiling ceiling price central bank Central Bank Bilateral Repurchase Agreement central banking central banking function Central Clearing and Custodian System Central Clearing and Depository System Central Clearing and Settlement System [CCASS] central clearing house

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central clearing system central custody system central depository central depository system Central Moneymarkets Unit [CMU] central rate Central Registration Hong Kong Limited Central Tender Board Centrale de Livraison de Valeurs Mobilieres [CEDEL] centralized budgetary and payments system centred 12-month moving average certificate of approval certificate of beneficial entitlement to property certificate of compliance certificate of deposit [CD] certificate of exemption from estate duty certificate of incorporation certificate of incorporation of registered trustees certificate of indebtedness [CI] certificate of insurance certificate of interest certificate of means certificate of participation certificate of payment of profits tax certificate of preference certificate of rateable value certificate of registration certificate of satisfaction certificate of transfer certificate to bearer certification certification fee certified cheque certified public accountant [CPA] certified statement cessation of business cession C.F. Finance Company Limited chance Chang Hwa Commercial Bank, Ltd. change of domicile change to estimates change to the approved estimates of expenditure charge

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charge number charge on assets charge upon general revenue chargeable chargeable agreement for sale chargeable income chargeable normal trading receipt chargeable profit chargeable to tax charged to... chargee charge-holder Charges Section [Companies Registry] charging order chargor's right charitable donation charitable trust charity property Charoen Pokphand Finance Company Limited charter charter of incorporation chartered accountant Chartered Institute of Bankers [United Kingdom] Chartered Institute of Public Finance and Accountancy [United Kingdom] charterer Chase Manhattan Asia Limited Chase Manhattan Bank chattels Chau's Brothers Finance Company Limited Che Hsing Finance Company Limited check-and-balance system Chekiang First Bank Limited cheque Chiao Yue Finance Company Limited Chiba Bank, Ltd. Chicago Board of Options Exchange Chicago Board of Trade Chicago Mercantile Exchange Chief Executive of Hong Kong Monetary Authority Chief Executive of Stock Exchange of Hong Kong Chief Executive Officer of Hong Kong Futures Exchange Chief Executive's Committee [Hong Kong Monetary Authority] child allowance

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China & South Sea Bank Limited China Affairs Committee [Hong Kong Futures Exchange Limited] China concept stock China Construction Bank China Development Division [Stock Exchange of Hong Kong Limited] China Economic News China Securities Regulatory Commission [CSRC] China State Bank Limited Chinatrust Commercial Bank, Limited Chinese Association of Deposit-taking Companies Chinese Bankers Club, Hong Kong Chinese Banks' Association Chinese Gold and Silver Exchange Society Chinese New Year bonus chit fund Chiyu Banking Corporation Limited Chiyu Finance Company Limited Cho Hung Finance Limited choses in action chronological book Chubu Securities Finance Company Chung Khiaw Bank Limited Chung Nan Finance Company Limited Chuo Trust & Banking Co., Ltd. Chuo Trust Asia Limited Citibank, N.A. CITIC Ka Wah Bank Limited Citicorp Commercial Finance (H.K.) Limited Citicorp International Limited civil debt Civil Service Pension Reserve Fund claim claim equalization fund claim for refund of property tax claim of debt claim on bank claim to dividend claimant claims statistics class of insurance business class of property claw-back

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clearance cost clearing clearing account clearing and settlement system clearing balance clearing bank clearing cheque clearing house Clearing House Automated Transfer System [CHATS] Clearing House of the Hong Kong Association of Banks clearing member Clearing Members' Fund clearing participant clearing rebate Clearing Rules [SEHK Options Clearing House Limited] Clerk to Finance Committee [Legislative Council] Clerk to the Board of Review client client agreement client confidentiality client money client statement clients fund close close a position close company close higher close lower close mixed close of exchange close of financial year close out close out a long position close out a short position close steady close the gap closed position closed-end investment corporation close-out price closing account closing balance closing price closing quotation

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closing rate closing transaction clothing levy club deposit Code of Aid Code of Banking Practice Code of Best Practice [Stock Exchange of Hong Kong Limited] Code of Conduct [Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange Limited] Code of Conduct for Persons Registered with the Securities and Futures Commission code of practice Code of Practice for the Administration of Insurance Agents Code on Immigration-linked Investment Schemes Code on Investment-linked Assurance Schemes Code on Pooled Retirement Funds Code on Share Repurchases [Share Repurchase Code] Code on Takeovers and Mergers [Takeovers Code] Code on Unit Trusts and Mutual Funds co-debtor co-financing scheme cognizance coin coin replacement programme coin set coinage Coinage Security Fund cold call collapse in prices collateral collateral bond collateral loan collateral security collection Collection Enforcement Section [Inland Revenue Department] collection of betting duty Collection Office [Inland Revenue Department] collective consumption Collector Collector of Rates Collector of Stamp Revenue Colonial Stock Act [United Kingdom]

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combined surplus combined visible and invisible trade account COMEX Clearing Association [New York] commemoration coin commencement of winding-up commerce and industry sub-index commercial activity commercial bank Commercial Bank Act of Norway Commercial Banks Law commercial borrowing Commercial Code of Japan Commercial Crime Bureau [Hong Kong Police Force] commercial invoice commercial letter of credit commercial loan commercial paper commercial paper market commercial registry commercial return commercial sale commercialization commercially viable Commerzbank AG commission Commission des Operations de Bourse of France commission house commission payable commission rebate Commissioner for Securities and Commodities Trading Commissioner of Banking Commissioner of Estate Duty Commissioner of Inland Revenue Commissioner of Insurance Commissioner of Rating and Valuation commitment commitment fee Committee of the Hong Kong Association of Banks Committee of the Stock Exchange of Hong Kong Committee on Banking Regulations and Supervisory Practices Committee on Payment System [Hong Kong Monetary Authority] Committee on Unit Trusts [Securities and Futures Commission]

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Commodities Dealers' Deposit Fund Commodities Trading Commission commodity commodity classification Commodity Clearing Corporation [New York] commodity dealer commodity exchange Commodity Exchange Compensation Fund Commodity Exchange, Inc. [New York] commodity flow method Commodity Future Trading Commission [CFTC] [United States] commodity futures contract commodity market commodity tax commodity trading adviser commodity trading adviser's representative commodity trading advisory contract commodity warrant commodity-based investment common fund common property common share common stock Commonwealth Bank of Australia Commonwealth Development Corporation Commonwealth Finance Ministers Conference Commonwealth Fund for Technical Co-operation [CFTC] Commonwealth income tax Commonwealth Preference communal property communication expenses Community Preference commutation of pension commuted gratuity commuted pension gratuity Companies Act [United Kingdom] Companies Handbook companies inspector Companies Liquidation Account Companies Ordinance: Information to be Included in a Rights Issue Prospectus Companies Ordinance: Information to be Included in Prospectuses Regarding the Valuation of Land and Buildings Companies Registration Officer

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Companies Registry Companies Registry Trading Fund Companies Section [Financial Services Bureau] Company Formation and Enforcement Division [Companies Registry] company in which the public are substantially interested company limited by guarantee company limited by shares company register company registration fee company with limited liability company's memorandum company's reserve comparative advantage compensation Compensation Committee [Stock Exchange of Hong Kong Limited] compensation from insurance compensation fund compensation fund levy compensation rate Compensation Review Committee compensation scheme compensation trade compensation value compensatory payment competition and pricing strategy competitive edge competitive price competitive tender Compliance Committee [Stock Exchange of Hong Kong Limited] component of expenditure Composite Consumer Price Index composite index composite rating composite return form Composite Securities and Futures Bill composite tax return composition composition of earnings compound increase compound interest compounding or arranging debtor

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comprador note comprador order comprehensive income tax comptroller compulsory liquidation compulsory winding-up computation computational procedure computer audit programme concentrated position concentration risk concept stock concession concession contract concessionary rate concordat condition conditional endorsement conditional offer conditional sale agreement conditions of tender Conduct of Business Guidelines (for Licence Holders under the Leveraged Foreign Exchange Trading Ordinance) conduct of business standard Confidentiality Understandings confirmation letter confirmation of mail transfer Confirmation of Payment confirmed letter of credit confirming bank confiscation order connected transaction consensus capitalism conservative investor consideration consideration issue [listing method] consideration other than cash consignee consignment consignor consolidated account consolidated account expenditure consolidated balance sheet

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consolidated cash deficit consolidated cash surplus consolidated enterprises sectorial index consolidated net earnings consolidated net profit consolidated policy consolidated price consolidated profit and loss account consolidated public sector expenditure consolidated revenue account consolidated shareholders' fund consolidation of shares consolidation period consortium company consortium loan constant dollar figure constant market price constant price constant price series constant rate constituent stock constitution construction output constructive trust consultant accountant consultant's fee Consultation Paper on Proposed Regulation on Share Margin Financing Consultation Paper on SEHK Procedures for Reviewing Directors' Suitability consumer behaviour Consumer Council consumer credit financing operation consumer demand consumer durables consumer expenditure consumer goods consumer market consumer price Consumer Price Index [CPI] Consumer Price Index (A) Consumer Price Index (B) Consumer Price Index Classification System Consumer Price Index Report

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Consumer Price Index series consumer price inflation Consumer Representative Action Fund consumer sentiment consumer spending consumption expenditure consumption pattern consumption product consumption tax contango contingencies warrant contingency contingency allowance contingency sum contingent assets contingent debt contingent interest contingent liabilities contingent profit contingent right continue to hold a deposit Continuing Member [Hong Kong Association of Banks] continuing rent continuing trustee continuous licensing system Continuous Net Settlement System [CNS System] contra account contra flow contra item contra transfer contract contract for difference contract for service contract for settlement contract note contract of copartnery contract of indemnity contract of insurance contract of reinsurance contract price contracting party contractual agreement contractual commitment contractual joint venture

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contractual mutual fund contractual right contractual savings fund contributed surplus contribution contribution account contribution to gross domestic product contribution to investment contribution to pension fund contributor contributory contributory scheme contrived cessation of business control control of a company control of business controlled company controller controller of an authorized institution controlling company controlling interest controlling officer controlling officer's report controlling shareholder Convention on the Settlement of Investment Disputes between States and Nations of Other States conventional lending conversion conversion factor conversion of stock conversion rate convertibility convertibility undertaking convertible convertible currency convertible debenture convertible loan stock convertible subordinated unsecured loan stock conveyance conveyance of property conveyance on sale conveyancing fee conveyancing scale charges cooling-off period

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co-owner co-partner co-partnership Copenhagen Stock Exchange core capital Core Operational and Financial Risk Management Controls for Over-the-Counter Derivatives Activities of Registered Persons Core Principles for Effective Banking Supervision [Basle Committee] cornering corporate borrower corporate business Corporate Communications Department [Stock Exchange of Hong Kong Limited] corporate customer corporate dealer Corporate Finance Division [Securities and Futures Commission] Corporate Finance (D.T.C.) Limited Corporate Finance Fees Rule corporate governance corporate income tax corporate investment adviser corporate member corporate plan corporate practice corporate profits tax corporate savings corporate service tax corporate signature corporation corporation bond corporation stock corporation tax correction phase of stock market Correctional Services Industries Suspense Account corrective affidavit correspondent bank Cosmos Finance Limited cost cost centre cost competitiveness cost control

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cost convention cost effectiveness cost efficiency cost element cost flow cost input cost management information system cost of an asset cost of borrowing cost of capital cost of installation cost of issue cost of living cost of transmitting cost overrun cost price cost price structure cost to the revenue cost-benefit analysis cost-benefit study cost-book company cost-effectiveness analysis costing costing and pricing policy costing exercise costing review cost-of-living allowance cost-of-living index cost-plus pricing cost-push inflation cost-recovery basis cost-related charges cost-related fee co-surety co-trustee cotton futures Council of SEHK Council of the Hong Kong Society of Accountants counterclaim counterfoil counter-guarantee counter-inflationary policy countersignature country debt provisioning

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country of beneficial ownership coupon coupon rate cover cover note cover short position coverage covered call covered option covered warrant crash creation of new heads and subheads credit credit advice credit agency Credit Agricole Indosuez credit arrangement credit balance credit card credit card scheme Credit Commercial de France Credit Committee credit control credit conversion factor credit easing credit exposure credit facility Credit Guarantee Scheme credit item credit limit Credit Lyonnais Credit Lyonnais Hongkong (Finance) Limited credit rating credit rating agency Credit Review Committee [Hong Kong Monetary Authority] credit risk credit sale credit side credit squeeze credit to... credit to be given against tax credit transfer credit union

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Credit Union League of Hong Kong creditor creditor's petition creditworthiness creeping inflation criminal bankruptcy criminal bankruptcy order criminal bankruptcy petition criterion for credit critical path analysis cross rate cross-currency settlement risk crossed cheque crossed trade Cross-Harbour Tunnel Passage Tax cross-holding cross-margining cross-referencing system cross-subsidization Crown Agent crude activity rate crude econometric model culpable insider dealing cum dividend cumulative appreciation cumulative deficit cumulative dividend cumulative financial position cumulative realized investment currency currency adjustment factor currency board arrangement Currency Board Operations Sub-Committee Currency Committee [Hong Kong Futures Exchange Limited] currency crisis currency denomination currency futures currency futures contract currency in circulation currency matching currency note currency option currency swap

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currency warrant current account current assets current domestic value current liabilities current market price current price current price series current year rules of assessment cushion cushion of liquid assets custodian custodian trustee custody customer customer lending customer statement cut loss cut margin cut-off date cut-throat competition cycle of activity cyclical fluctuation cyclical inflation cyclical nature of the economy

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D D.A.H. Private Bank Limited Dah Sing Bank Limited Dah Sing Finance Limited Dai-Ichi Kangyo Bank Limited daily expenditure record book Daily Quotations for Stock Market Daily Quotations for Stock Options daily stock price daily turnover Daishi Bank, Ltd. Daiwa Bank, Limited Daiwa Overseas Finance Limited damages Danish Krone [DKK] Dao Heng Bank Limited Dao Heng Finance Limited date of listing date of maturity date of payment date of transfer date of value dated securities day end liquidity day margin day order day trade day trade transaction de facto control de minimis exemption deal dealer Dealer's Deposits Fund dealer's representative dealing dealing day dealing director dealing in gold options dealing in securities dealing partnership dealing room death duties and costs debenture

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debenture holder debenture stock debenture trust deed debit debit advice debit balance debit item debit side debt debt certificate debt collection agency debt due debt financing debt instrument debt market debt on a recognizance debt paper debt payable at a future time debt reorganization debt repayment debt securities debt securities market debtor debtor firm debtor's interest debtor's share debt-to-equity ratio deceased debtor deceased partner deceased taxpayer decelerated growth decelerating trend declaration declaration of bankruptcy declaration of dividend declaration of inability to pay debts declaration of insolvency declaration of solvency declaration of trust Declaration on Cooperation and Supervision Covering International Futures Markets Declarations of Cooperation on Investment Management Persons declared return decline

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decontrol deduct deductible deduction deduction for expenses of self-education deed deed of guarantee deed of indemnity deed of settlement deed of surrender defalcation defamation default default in payment default procedure default proceeding default rule defaulter defaulting broker defective title deferral deferred annuity deferred expenses deferred income deferred life annuity deferred pay deferred payment deferred share deficiency deficiency grant deficiency subvented organization deficit deficit financing deficit on capital account deflated by deflation deflationary force deflator defraud defrauded investor defray defunct company del credere agent delegate

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delegate trust delinquency rate delinquent account delisting delivered price delivery delivery failure delivery month delivery note delivery order Delta Asia Credit Limited demand deposit demand draft [D/D] demand draft rate Demand for Provisional Salaries Tax Demand for Rates Demand for Tax demand inflation demand loan demand loan secured demand loan unsecured demand note dematerialization of share certificate demonetization demonetized currency note Den Norske Creditbank denomination departmental capital equipment departmental estimates submission departmental expenses Departmental Interpretation and Practice Notes [Inland Revenue Department] departmental special expenditure dependant dependent grandparent allowance dependent parent allowance dependent sibling allowance deposit deposit account deposit at call deposit back arrangement deposit charges deposit in lieu of bond deposit insurance scheme

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deposit of securities as security for a loan deposit protection scheme deposit rate deposit size threshold deposit taker depositor depository depository company depository receipt depository share depository system Deposit-taking Companies Advisory Committee Deposit-taking Companies Association [DTCA] deposit-taking company deposit-taking licence depreciation depreciation charge depreciation of the exchange value of the Hong Kong dollar depreciation reserve deregistration deregulation derivative derivative product derivative warrant derivatives market designated securities designated trade determinable interest Determination of Commissioner of Inland Revenue determination of cost determination of net profit Deutsche Bank AG Deutsche Mark [DEM] devaluation Development Bank of Singapore Ltd. development control Development Division [Companies Registry] development fund development intensity Development Loan Fund development package development parameter development potential development statement

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development value deviation devisee devolve Dharmala International Finance Limited difference difference account differential differential pricing system diminishing assets diminishing balance method diminishing return diminution direct business direct cost direct debit authorization direct debit daily settlement system direct insurance direct insurer Direct Investment Division [Hong Kong Monetary Authority] direct placement direct remuneration direct tax direct taxation rate direct trading direct underwriting director Director of Accounting Services Director of Audit director's fee director's interest director's remuneration Disability Allowance Scheme disabled dependant allowance Disaster Relief Fund Disaster Relief Fund Advisory Committee disbursement discharge discharge of a debt discharge order Disciplinary Appeals Committee [Stock Exchange of Hong Kong Limited] Disciplinary Committee [Hong Kong Futures Exchange Limited, Stock Exchange of Hong Kong Limited]

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Disciplinary Committee of the Hong Kong Society of Accountants disclaimed property disclaimer disclaimer of lease disclaimer of property discloseable transaction disclosure disclosure of interest disclosure of ownership of shares disclosure package disclosure requirement discontinuance of business discount discount accreted discount amount discount house discount price discount rate discount securities discount window discounted bill discounter discretionary account discretionary grant discretionary interest discretionary subvention discretionary trust disequilibrium dishonour a cheque dishonoured bill dishonoured cheque disintermediation disponer disposable income disposal disposal price dispose of disposition disposition in favour of relatives disputed liabilities disqualification of director disqualification order disregarded income dissolution

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dissolution of partnership distinct account distrain distress distress for rent distress warrant distributable income distributable profit distributed assets distribution distribution company distribution of resources distribution policy distributive channel distributive trade distributor diversifying economy dividend dividend cover dividend forfeited dividend programme dividend warrant dividend withholding tax dividend yield divisible revenue DKB Asia Limited documentnbsp documentnbspagainst acceptance [D/A] documentnbspagainst payment [D/P] documentnbspIndex documentnbspof title documentry acceptance bill documentry bill documentry credit documentry payment bill dollar area domestic concern domestic credit expansion [DCE] domestic demand domestic demand deflator domestic expenses domestic export domestic lending domestic liabilities

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domestic money supply domestic property price index domestic rental index domestically generated inflation domicile donation donee donor door-to-door canvassing for sale dormant account dormant assets dormant company dormant partner double entry system double taxation double taxation arrangement double taxation relief arrangement double-digit growth double-digit level doubtful debt doubtful loan Dow Jones Average Dow Jones Index Dow Jones Industrial Average down limit down market down payment down reversal downside risk downside trend downswing downturn downward adjustment downward movement downward trend draconian revenue measure draft draft estimates draft estimates of expenditure draft estimates of revenue dragon bond drawback drawdown period drawee

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drawee bank drawer drawing account Dresdner Bank AG drop DTB Deutsche Terminborse dual listing due date for payment due day dues dull trading dumping duplication of supervision Dutch Guilder [NLG] dutiable agricultural and industrial products dutiable commodities control system dutiable commodities permit dutiable commodity dutiable estate duty duty assessed on a specific basis duty differential duty free duty in arrears duty on alcohol duty on hydrocarbon oil duty on liquor duty on petrol duty on tobacco duty paid duty rate duty reduction duty-paid goods

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E earmarked fund earmarked grant earmarked growth earned premium earnings earnings per share [EPS] earnings tax ease ease back East Asia and Oceanian Stock Exchanges Federation East Asia Credit Company Limited East Asia Finance Company, Limited East Asia Section [Financial Services Bureau] East Asian Stock Exchange Conference [EASEC] econometric model econometrician econometrics economic adjustment economic aggregate Economic Analysis Division [Financial Services Bureau] economic and monetary union [EMU] [European Union] Economic and Social Commission for Asia and the Pacific [ESCAP] [United Nations] Economic Commission for Europe [ECE] [United Nations] economic cost economic cycle economic depression Economic Division [Hong Kong Monetary Authority] economic forecast economic framework economic fundamentals economic geography economic growth economic implication economic indicator economic infrastructure economic life economic model economic outlook economic performance

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economic recession economic recovery Economic Reporter economic restructure Economic Review Committee economic sanction economic sector economic service Economic Services Bureau [ESB] [Government Secretariat] economic slowdown economic stabilization programme economic support economic system economic variable economic viability economically active person economically active population economically inactive population Economist, The economy economy of scale edge down edge up education subvention Edward Wong Credit Limited effective exchange rate index [EERI] effective exchange rate index of Hong Kong dollar effective rate of interest effective rate of tax effectively risk-free investment efficiency bonus elasticity factor elasticity of price elderly residential care expenses deduction Electrical and Mechanical Services Department Suspense Account Electrical and Mechanical Services Department Vehicle Maintenance Services Suspense Account Electrical and Mechanical Services Department Workshop Services Suspense Account Electrical and Mechanical Services Trading Fund electronic banking electronic broker electronic clearing system Electronic Mail Stock Information Service [EMSIS]

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electronic order matching and execution/clearing system electronic payment system electronic trading system electronic transfer system Emergency Relief Fund Emergency Relief Fund Committee Emerging Asian Bond Market Conference emerging market emolument employed capital employed population employees' bonus Employees Compensation Assistance Fund employees' compensation insurance employees' share option scheme employees' share purchase scheme employees' share scheme Employer's Return of Remuneration and Pensions employment employment of funds employment of profit encumbrance end investor endaka [Japanese] endorsee endorsement endorsement in blank endorser endowment end-user Enforcement Division [Securities and Futures Commission] enforcing payment enhanced offer enterprise entertainment tax entrepreneur entrepreneurship entrustment basis equal share equilibrium equilibrium real exchange rate Equitable Banking Corporation equitable benefit

57

equitable charge equitable estate equitable interest equitable mortgage equitable owner equity equity earnings equity financing equity holding equity interest equity investment equity joint venture equity market equity of redemption equity securities equity share equity share capital equity trading system equity warrant equity-related contract escape clause escrow account established fiscal policy established securities market establishment ceiling Establishment Subcommittee [Finance Committee of the Legislative Council] estate estate duty estate duty account Estate Duty Office [Inland Revenue Department] estimated additional assessable income estimated additional assessable profit estimated annual rental estimated assessment estimated assets estimated expenditure estimated expenditure by service estimated growth rate estimated income estimated liabilities estimated net profit estimated revenue Estimates for the year ending 31 March 19XX Volume IA--General Revenue Account

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 Estimates for the year ending 31 March 19XX Volume IB--General Revenue Account Estimates for the year ending 31 March 19XX Volume II--Fund Accounts estimates of expenditure Estimates of Gross Domestic Product Euro Eurobond Euroclear Euroclear Clearance System Co-operative Eurocurrency credit market Eurodollar Eurodollar bond Eurodollar deposit rate Eurodollar futures Eurodollar market Eurodollar rate Euromoney European Bank for Reconstruction and Development [EBRD] European Commission European Common Market European Community [EC] European Council European Currency Unit [ECU] European Development Fund [EDF] European Economic Community [EEC] European Futures Clearing Corporation B.V. [Amsterdam] European Investment Bank European Monetary System [EMS] European Monetary Union European Options Clearing Corporation Holding B.V. [Amsterdam] European Options Exchange [Amsterdam] European Social Fund [ESF] European Union [EU] [developed from the European Community] Euroyen Euroyen loan evade payment of tax evidence of payment ex all [x.a.] ex coupon [x.c.]

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ex dividend [x.d.] ex gratia extinguishment allowance ex gratia grant ex gratia payment ex rights [x.r.] ex warrant examination excess excess liquidity excess tax paid excess value excessive interest rate exchange exchange account exchange bank Exchange Banks' Association, Hong Kong exchange broker exchange clearing agreement exchange company exchange compensation allowance exchange contract exchange contract cancellation note exchange control Exchange Fund Exchange Fund Advisory Committee [Hong Kong Monetary Authority] Exchange Fund bill Exchange Fund Bills Programme Exchange Fund Debt Certificate Exchange Fund debt instrument Exchange Fund Guarantee Scheme Exchange Fund Investment Limited [EFIL] Exchange Fund note Exchange Fund Notes Programme exchange gain exchange loss exchange market Exchange Member exchange memo exchange position exchange premium exchange quotation exchange rate exchange rate contract

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exchange rate fluctuation exchange rate index exchange rate mechanism exchange rate movement exchange risk exchange surcharge exchange transaction exchange value exchange value of the Hong Kong dollar exchange-based short selling activity exchange-traded derivative excise duty excluded property excluded reserve exclusive of rates exclusive right exclusivity Executive Board of International Monetary Fund Executive Committee [Hong Kong Futures Exchange Limited, Stock Exchange of Hong Kong Limited] executive director Executive Director (Banking Policy) of Hong Kong Monetary Authority Executive Director (Banking Supervision) of Hong Kong Monetary Authority Executive Director (External) of Hong Kong Monetary Authority Executive Director (Monetary Policy and Markets) of Hong Kong Monetary Authority Executive Director of Securities and Futures Commission Executive Director (Reserves Management) of Hong Kong Monetary Authority executor executor of small estates exempt dealer exempt from tax exempt investment adviser exempt person exempt sum exempted institution exempted loan exemption exemption certificate

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exemption clause exemption from estate duty exemption from property tax exemption from rates Exemption From Salaries Tax Order exemption from stamp duty exercise period exercise price existing controller existing licence existing loan expectancy of value expenditure expenditure approach expenditure baseline expenditure commitment expenditure component expenditure for the services of the government expenditure guideline expenditure on scientific research expenditure on the gross domestic product expenditure outturn expenditure pattern expenditure range Expenditure Summaries expenditure survey expenditure-based gross domestic product expenditure-based gross domestic product estimate expense expense disbursement expense loss export credit export earnings export financing export licence export market development programme export of goods and services export performance export value exporter of services export-led export-oriented exposure

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expressed in Hong Kong dollar external assets external auditor external claim external commercial relations external competitiveness External Department [Hong Kong Monetary Authority] external equilibrium external fund manager [Exchange Fund] external investor external liabilities and claims External Managers Division [Hong Kong Monetary Authority] external price competitiveness External Relations Division [Hong Kong Monetary Authority] external sovereign debt external trade externally oriented economy extinguishment allowance extortionate stipulation extra allowance extra statutory concession extraordinary item extrapolation extrinsic value

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F face value facility letter Fact Book 19XX 19XX Fact Sheet factor analysis factor cost factor market factor of production factor price factor system factoring company facultative reinsurance business Faculty of Actuaries of Scotland fair dealing fair market value fair return fall back false accounting false claim of business expenses false entry false market family income family living expenses family-owned company Far East Exchange Far Eastern Economic Review Far Eastern Relief Fund fast market fast trading favourable balance favourable balance of trade Federal funds [United States] Federal funds rate Federal National Mortgage Association [United States] Federal Open Market Committee [FOMC] [United States] Federal Reserve Board [FRB] [United States] Federal Reserve System [Fed] [United States] Federal Reserve Wire Network [Fedwire] [United States] Federation Internationale des Bourses de Valeurs [FIBV] Federation of Share Registrars fee collection procedure

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fee payable fees and charges fees and receipts other than appropriation-in-aid fellow subsidiary Fidelity Fund fiduciary fiduciary capacity fiduciary duty fiduciary issue fiduciary loan field audit Field Audit Group [Inland Revenue Department] field audit staff final account final and conclusive assessment final assessment final consumption expenditure final dividend final estimate final estimate of gross domestic product final goods Final Notice for Rates final salaries tax assessment final settlement final settlement price final statement final tax finance Finance and Management Services Division [Stock Exchange of Hong Kong Limited] Finance Bureau [FB] [Government Secretariat] Finance Committee [Hong Kong Futures Exchange Limited, Stock Exchange of Hong Kong Limited] Finance Committee agenda item [FCai] [Legislative Council] Finance Committee of the Legislative Council finance company Finance Department [Stock Exchange of Hong Kong Limited] Finance Division [Hong Kong Monetary Authority] finance lease finance sectorial index finance sub-index Financial Accounting Section [Hong Kong Monetary Authority] financial adjustment

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financial administration financial adviser Financial and Accounting Regulations Financial and Institutional Coordinating Committee [FINSCOM] financial appraisal financial arrangement financial assets financial assistance financial auditing financial capacity financial centre Financial Circular financial commitment financial community financial conglomerate financial constraint financial consultancy service financial contract financial control financial derivative financial derivative product financial discipline financial disclosure financial disclosure rules financial exposure financial futures financial guideline financial implication financial information system financial infrastructure Financial Infrastructure Section [Financial Services Bureau] financial institution financial instrument financial integrity financial intermediary financial intermediation service financial journalist financial liberalization financial loss financial management financial management and budgeting system financial market financial model Financial Monitoring Unit [FMU] [Economic Services Bureau]

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financial objective financial obligation financial performance financial planning financial planning guideline financial position financial pressure financial provision financial prudence financial requirement financial resources Financial Resources Rules: Notes for the Use of Securities Dealers financial return Financial Secretary Financial Secretary Incorporated [FSI] Financial Secretary Incorporated Suspense Account Financial Secretary's Office financial service Financial Services Bureau [FSB] [Government Secretariat] financial services complex Financial Services Liaison Committee financial services sector financial sheet financial situation financial statement financial support agreement Financial Times Index Financial Times, The financial transaction financial vehicle financial year financing financing cost financing package financing study fine fineness fine-tuning fire insurance fire risk firm firm market firm name

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firm of certified public accountants and public auditors firm quotation firm up first and paramount lien first buy order first calculation First Commercial Bank first demand for rates First Fund first in, first out method [FIFO method] first legal mortgage First Metro International Investment Company Limited first mortgage first mortgage debenture stock First National Bank of Chicago First Pacific Bank Limited first participant First Quarter Economic Report 19XX first sell order First Union HKCB Asia Limited fiscal drag fiscal policy fiscal reason fiscal requirement fiscal reserve fiscal restraint measure fiscal system fiscal year fisheries loan Fit and Proper Criteria, The Five Rams Finance Company Limited five-year forecast of revenue and expenditure five-year forecast return fixed amount of interest fixed assets fixed capital formation fixed capital investment fixed charge fixed concessionary rate fixed cost fixed cumulative dividend fixed deposit account fixed exchange rate fixed interest investment

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fixed interest loan stock fixed interest rate securities fixed interest securities fixed parity fixed rate bond fixed rate certificate of deposit fixed rate liabilities fixed rate mortgage fixed term deposit fixed value fixed-price lump-sum contract fixed-price offer flat market flat rate flat rate allowance flat rate charge flexibility arrangement flexible exchange regime floatation of shares floating charge floating currency floating loss floating profit floating rate floating rate bond floating rate certificate of deposit floating rate liabilities floating rate note floating rate regime floor broker Floor Procedures Working Group [Hong Kong Futures Exchange Limited] floor ticket floor trader floor trading system flow chart fluctuating overdraft fluctuation folio of ledger foolproof system forced liquidation forecast figure forecast period forecast return

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forecast submission forecast trend growth rate forecast year foreclosure foreclosure order foreign bank foreign bill foreign credit foreign currency foreign currency assets foreign currency deposit foreign currency funding centre foreign currency holding foreign currency reserve foreign currency sovereign debt foreign exchange [forex] foreign exchange agreement foreign exchange allocation Foreign Exchange and Market Practices Committee foreign exchange bought foreign exchange certificate foreign exchange contract foreign exchange market foreign exchange quotation foreign exchange reserve foreign exchange resources foreign exchange risk foreign exchange sold foreign exchange turnover foreign investment foreign note foreign ownership foreign partnership foreign remittance foreign stock exchange foreign tax forex dealer forex futures forex option forfeit forfeiture forfeiture of contribution forfeiture of sum forged signature

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forgiveness of a debt formal contingent liabilities Fortune Magazine forward assets purchase forward contract rate forward exchange rate forward exchange sold forward foreign currency assets forward foreign exchange contract forward forward deposit forward purchase forward rate forward trading founding member Fourth Quarter Economic Report 19XX fractional share fragile consumer sentiment Framework Agreement [trading fund] franc area franchise Frankfurt Stock Exchange franking machine fraudulent preference fraudulent trading free enterprise system free fiscal reserve free market economy free of particular average [FPA] free of payment settlement free on board price [f.o.b. price] free surplus freehold freely convertible freely remittable freezing order French Banking Commission French Franc [FRF] fringe benefit fringe market frozen provision frustrating effect FTSE-100 Index 100 fuel duty Fuji Bank Limited

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Fuji International Finance (HK) Limited Fukuoka City Bank, Limited Fukuoka City Finance Limited Fukuoka Finance International Limited full consideration full contracting party full cost price full member full open market price full price full return of contribution full valuable consideration full year full year cost fully deductible fully paid-up capital fully paid-up share fully secured functional analysis fund fund accounting basis fund credited fund expenditure fund levy fund management fund of funds fund on account sought fund revenue fund warrant fundamental analysis funded debt funding funding cost funding mismatch funds employed funeral expenses further sum future dividend future earnings future expenses futures broker Futures Compensation Fund Committee [Securities and Futures Commission] futures contract

72

futures contract in interbank interest rate futures contract value futures crossing procedure futures dealer futures exchange company futures general clearing dealer futures individual clearing dealer futures introducing broker futures market futures non-clearing dealer futures trading futures trading adviser

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G gain garnishee order GE Capital Finance Ltd. gearing ratio general acceptance general account general administrator General Agreement on Tariffs and Trade [GATT] General Agreement on Trade in Services [GATS] general apportionment General Arrangements to Borrow [GAB] general body of shareholders general business general capital increase general clearing member General Consumer Price Index [GCPI] general crossed cheque general crossing general expenses general fund General Household Survey General Insurance Council [Hong Kong Federation of Insurers] general ledger general levy general offer general partner general partnership general policy general proxy general rates general reserve general revaluation [rates] general revenue General Revenue Account [GRA] General Revenue Account expenditure General Revenue Account revenue general revenue balance general support grant

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general warrant Generale Belgian Bank (also known as Belgian Bank) generalized system of preference [GSP] gilt-edged investment gilt-edged market gilt-edged securities Gini Coefficient global allocation global costing go private go public godown warrant going concern gold gold bullion gold bullion held on an allocated basis gold bullion market gold coin gold coin certificate gold coin coupon gold exchange standard gold futures Gold Identity Marks Registry gold market gold on paper gold, silver and platinum held in physical form gold standard good book debt good delivery good year goods and services goodwill government bond government consumption expenditure government conveyancing Government Economist government expenditure government lotteries Government Lotteries Management Committee government mortgage institution government property government property assets Government Regulations Government rent

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government reserve government revenue government securities consultant government trading department government utility graduated rate grant grantor gratuitous payment gratuity gratuity benefit grey market grey market trading gross amount gross capital formation gross claim gross claim paid gross commission payable gross contract value gross domestic capital formation gross domestic fixed capital formation gross domestic price capital formation gross domestic product [GDP] gross domestic product at constant (1980) market price gross domestic product at factor cost gross domestic product at market price gross domestic product by industrial sector gross domestic product component gross domestic product deflator gross domestic product estimate gross domestic product per capita gross expenditure gross expenses gross income gross insurance liabilities gross liabilities gross loss gross margin gross margining gross national product [GNP] gross output gross premium gross premium income

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gross principal value gross proceeds gross proceeds from sales gross profit gross receipt gross return gross trading income group account group consolidated balance sheet group loss relief Group of Seven [G7] Group of Seven leaders Group of Ten [G10] group tax relief group trading system grow at a respectable pace Growth Enterprise Market Department [Stock Exchange of Hong Kong Limited] growth momentum growth movement growth path growth rate of domestic export growth with stability guarantee guarantee company guarantee corporation guarantee deposit and margin paid guarantee deposit and margin received guarantee fund Guarantee Law guarantee of bank loan guarantee of due payment Guarantee Scheme [Stock Exchange of Hong Kong Limited] guaranteed benefit guaranteed debenture guaranteed line of credit guaranteed note guaranteed surrender value guarantor guardian Guide for Directors of Listed Companies Guide to Applicants [Hong Kong Monetary Authority]

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guideline figure Guideline on Leveraged Foreign Exchange Trading Guideline on Minimum Criteria for Authorization Guideline on Recognition of Interest [Hong Kong Monetary Authority] guideline ratio Guidelines for the Exemption of Listed Companies from the Securities (Disclosure of Interests) Ordinance Guidelines for the Exemption of Listed Companies from the Share Repurchase Requirements of S.49BA of the Companies Ordinance 49BA guiding exchange rate Gulf Cooperation Council Gunma Finance (Hong Kong) Limited

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H H & CB Finance (Hong Kong) Limited H share Hachijuni Asia Limited Hachijuni Bank, Ltd. half-yearly economic report Hang Seng 100 100 Hang Seng Bank Limited Hang Seng China Enterprises Index [HSCEI] Hang Seng China Enterprises Index Futures Hang Seng Commerce and Industry Sub-index Futures Hang Seng Consumer Price Index Hang Seng Credit Ltd. Hang Seng Economic Monthly Hang Seng Finance Limited Hang Seng Finance Sub-index Futures Hang Seng Index [HSI] Hang Seng Index constituent stock Hang Seng Index Futures Hang Seng Index futures contract Hang Seng Index Futures market Hang Seng Index Options Hang Seng London Reference Index Hang Seng Midcap 50 Index 50 Hang Seng Midcap Index Hang Seng Midcap Index constituent stock Hang Seng Properties Sub-index Futures Hang Seng Sub-index Hang Seng Sub-index Futures Hang Seng Utilities Sub-index Futures hard currency hawking of securities head head of expenditure health insurance healthy financial position healthy reserve heavy trading hedged position margin hedger hedging hedging portfolio

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hedging tool hedging transaction Helsinki Stock Exchange Henderson International Finance Limited Heritage Foundation [United States] hidden reserve high base of comparison "high buy low sell" strategy high income economy high liquidity high value-added highest tender highways vote hire-purchase agreement historical cost HKFE Clearing Corporation Limited hold a position hold in trust hold on the statutory trust holder holder in due course holding company holding of shares holding over of payment holding over of provisional tax holdover home banking home loan interest deduction Home Ownership Scheme Fund home supervisor Hong Kong Annual Digest of Statistics Hong Kong Association of Accounting Technicians Hong Kong Association of Banks [HKAB] Hong Kong Association of Financial Advisors Hong Kong Building and Loan Agency Ltd. Hong Kong Capital Markets Association Hong Kong Code of Conduct Hong Kong Commodity Exchange Limited [now renamed Hong Kong Futures Exchange Limited] Hong Kong Dollar [HKD] Hong Kong dollar balance Hong Kong dollar balance feeding back into the financial sector's credit base Hong Kong dollar bond

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Hong Kong dollar currency investment Hong Kong dollar debt securities Hong Kong dollar denominated multilateral agency debt instrument Hong Kong dollar deposit base Hong Kong dollar exchange transaction Hong Kong dollar financial instrument Hong Kong dollar interest rate futures Hong Kong dollar loan-to-deposit ratio Hong Kong dollar notes market Hong Kong dollar offshore bond Hong Kong dollar private sector debt issues Hong Kong Economic and Trade Office [HKETO] Hong Kong Economic Association Hong Kong Economic Journal Monthly Hong Kong Economic Research Centre Hong Kong Economic Trends Hong Kong Export Credit Insurance Corporation [HKECIC] Hong Kong Federation of Insurers Hong Kong Federation of Stock Exchanges Hong Kong Financial Executives Institute Hong Kong Foreign Bank Representatives Association Hong Kong Foreign Exchange and Deposit Brokers' Association Hong Kong Forex Association Hong Kong Franchise Association Hong Kong Futures Exchange Limited [HKFE] Hong Kong Futures Guarantee Corporation Limited [HKFGC] Hong Kong General Business Return Hong Kong General Chamber of Commerce Hong Kong Government Account Hong Kong Government securities Hong Kong in Figures Hong Kong Index [HKI] Hong Kong Institute of Bankers Hong Kong Institute of Company Secretaries Hong Kong Institute of Investment Analysts Hong Kong Interbank Bid Rate [HIBID] Hong Kong Interbank Clearing Limited Hong Kong Interbank Offered Rate [HIBOR] Hong Kong Interbank Rate Hong Kong International Arbitration Centre Hong Kong Investment Funds Association [HKIFA] Hong Kong Lotteries Board Hong Kong Management Association

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Hong Kong Monetary Authority [HKMA] Hong Kong Monetary Institutions Association Hong Kong Monthly Digest of Statistics Hong Kong Mortgage Corporation Limited [HKMC] Hong Kong Note Printing Limited Hong Kong Securities Clearing Company Limited [HKSCC] Hong Kong Securities Institute Hong Kong Securities Professionals Alumni Association Hong Kong Securities Professionals Association Hong Kong Securities Training Sponsorship Foundation Hong Kong Society of Accountants Hong Kong Special Administrative Region Government Land Fund [Land Fund] Hong Kong Stock Exchange Hong Kong Stock Exchange All Ordinaries Index Hong Kong Stockbrokers Association Hong Kong treasury bill Hong Kong Unit Trust Association Hong Kong Venture Capital Association Limited Hongkong & Shanghai Banking Corporation Ltd. Hongkong Chinese Bank, Limited honorarium hot money hotel accommodation tax hotels sectorial index hotels sub-index household expenditure Household Expenditure Survey household income household wealth Housing Capital Works Fund housing loan HSBC Investment Bank Asia Ltd. HSI Services Limited Hua Chiao Commercial Bank Limited Hua Nan Commercial Bank, Ltd. Human Resources Department [Stock Exchange of Hong Kong Limited] Hung Kai Finance Company Limited hypothecation hypothecation certificate

82

I IBA Credit Limited IBU International Finance Limited IBU idle fund illegal consideration illegal loan immediate interest immediate outlook for the economy immediate parties immigration-linked investment scheme immovable property immunity implicit price deflator implied indemnity import and export trade import and export trade statistics import demand import deposit scheme import duty import price import surcharge imported inflation imposition of tax imprest account imprest cash imprest fund imprest warrant improper investment imputed cost imputed price in absolute cash terms in absolute terms in custody of firm in debt in denomination of... in money terms in net terms in nominal terms in real terms in relative terms in terms of value-added in the money in value terms

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inactive warrant inchoate instrument Inchroy Credit Corporation Limited incidence of taxation incidental expenses incidental outlay income income after deductions income and expenditure account income approach income band income chargeable to salaries tax income collected in advance income derived beneficially income distribution income from employment income group income level income limit income payment income spectrum income statement income tax income tax authority income threshold incomplete return inconvertible currency incorporated accountant incorporated company incorporated public officer incorporation incorrect return incremental value incumbrance incumbrancer indebtedness indemnify indemnity indemnity clause indent indenture independent audit index bond index futures

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index futures contract index of average land values Index of Company Names index of industrial production index warrant indexation index-linked benefit Indian Overseas Bank indicator of inflation indirect controller indirect cost indirect duty indirect tax individual claim individual clearing member individual concern individual consumption individual investment adviser individual member [Stock Exchange of Hong Kong Limited] Indonesian Rupiah [IDR] Indover Asia Limited Industrial and Commercial Bank of China Industrial and Commercial International Capital Limited Industrial Bank of Japan, Limited industrial building allowance industrials sectorial index inflation inflation accounting inflation rate inflationary implication inflationary pressure inflationary spiral inflation-related adjustment inflator inflow and outflow of balance of payments inflow of capital inflow of fund information disclosure Information Services Committee [Stock Exchange of Hong Kong Limited] Information Services Department [Stock Exchange of Hong Kong Limited] Information Technology Division [Hong Kong Monetary Authority]

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 Information Technology--Enterprise Systems Department [Stock Exchange of Hong Kong Limited] Information Technology--Market and Operation Systems Department [Stock Exchange of Hong Kong Limited] infrastructural investment demand ING Capital Markets (Hong Kong) Limited in-house transaction initial allocation initial allowance initial amount of provision on account initial capital initial capital outlay initial cash allocation initial charges initial forecast initial funding initial input initial listing fee initial margin initial payment initial public offering [IPO] initial subscription price injection injunction inland bill inland note inner reserve Innovation Loan Scheme [Hong Kong Industrial Technology Centre Corporation] input input cost input-output analysis inscribed stock insider dealer insider dealing Insider Dealing Tribunal insider information insider trading insolvency insolvency administration Insolvency Estate Funds and Accounting System Insolvency Officer Insolvency Practitioners Committee [Hong Kong Society of Accountants]

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 Insolvency Sub-committee [Law Reform Commission] insolvent insolvent company inspector instalment instalment system instant tender Institute of Actuaries of Australia Institute of Actuaries of England Institute of Securities Dealers institutional fund industry institutional investor institutional lender instruction for sale and purchase instrument instrument of exchange instrument of indebtedness instrument of proxy instrument of transfer Insurance Advisory Committee insurance agent Insurance Agents Registration Board Insurance Association of Hong Kong Insurance Authority insurance broker insurance business Insurance Claims Complaints Board Insurance Claims Complaints Bureau insurance company insurance coverage insurance debt insurance fund insurance industry insurance intermediary Insurance Law Insurance Officer insurance policy insurance transaction insurance-backed insured insurer intangible assets

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intangible property integrated accounting system intended dividend intending borrower intending purchaser Inter-American Development Bank interbank borrowing interbank deposit interbank fund transfer interbank liquidity interbank market interbank money market interbank offered rate interbank payment system interbank rate interbank settlement system inter-branch account intercompany balance interdepartmental account interdepartmental charging system interest interest accrued interest arbitrage interest charges interest collected in advance interest coupon interest expenses interest in contract interest in expectancy interest in immovable property interest in securities interest in shares interest income interest on capital interest on loan interest on unpaid estate duty interest paid in advance interest paid to inter-branches interest payment interest payment allowance Interest Rate Agreement [IRA] Interest Rate Agreement Working Committee interest rate cap interest rate ceiling

88

interest rate contract interest rate deregulation programme interest rate derivative interest rate differential interest rate effect interest rate futures interest rate margin interest rate mismatching Interest Rate Rules [IRR] [Hong Kong Association of Banks] interest rate swap interest rate swap agreement interest rate trend interest received from inter-branches interest spread interest tax Interest Tax Deduction Certificate [ITDC] interest withholding tax interest-bearing interest-bearing account interest-bearing balance interest-bearing debt certificate interest-bearing instrument in foreign currencies interest-bearing securities interest-free interest-free fund interest-free loan interest-free loan fund inter-exchange dealing interim adjustment grant interim allowance interim certificate interim deed interim dividend interim receiver interim valuation Intermarket Clearing Corporation [Chicago] Intermarket Risk Management Committee Intermediaries and Investment Products Division [Securities and Futures Commission] Intermediaries Supervision Department [Securities and Futures Commission] intermediary intermediate consumption intermediate goods

89

intermediate holding company intermediate income intermediate input Internal Audit Department [Stock Exchange of Hong Kong Limited] Internal Audit Division [Hong Kong Monetary Authority] internal auditor internal control internal cost price structure internal equilibrium internal financing internal management team [Exchange Fund] internal models approach internal rate of return internal revenue internal risk management system International Accounting Standards [IAS] International Accounting Standards Committee [IASC] International Association of Financial Executives Institutes [IAFEI] International Auditing Practices Committee International Bank for Reconstruction and Development [IBRD] [commonly known as World Bank] International Bank of Asia Ltd. International Bank of Taipei International Commodities Clearing House [London] International Commodities Clearing House Limited [New Zealand, Sydney] International Conference of Banking Supervisors International Currency Options Symposium International Development Association [IDA] International Events Fund International Federation of Accountants International Federation of Insolvency Practitioners International Finance Corporation [IFC] International Financial Action Task Force international financial centre international financial community international financial statistics International Fiscal Association international foreign exchange market International Foreign Exchange Master Agreement International Institute for Management Development international investor

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International Monetary Fund [IMF] international monetary market international monetary system International Options Markets Association [IOMA] International Organization of Securities Commissions [IOSCO] International Standards on Auditing [ISA] International Stock Exchange [formerly known as London Stock Exchange] interrelated factor intervention intervention currency intervention level interventionism intestate in-the-money option intra-day low intra-day margin call intra-day repurchase agreement intrinsic value introducing agent introducing broker Introduction to the Estimates 1996-97 inventory Inventory Control System inverse floating rate note inverted market Investigation Unit [Inland Revenue Department] investment investment adviser investment advisers' partnership investment advisory contract investment analyst investment and safekeeping procedure investment arrangement investment bank investment basis investment client investment climate investment demand investment diversification investment expenditure investment holding investment in new capital equipment

91

investment in productive enterprise investment in real estate investment in securities investment income investment intention Investment Management Regulatory Organisation [United Kingdom] investment manager investment performance investment plan investment portfolio Investment Products Department [Securities and Futures Commission] investment promotion Investment Promotion and Protection Agreement investment representative investment return investment scheme investment vehicle Investment-linked Assurance and Pooled Retirement Funds Committee [Securities and Futures Commission] investment-linked assurance scheme investment-linked savings plan investor Investor Compensation Fund Investor Education and Communications Unit [Securities and Futures Commission] Investor Resources Centre Investors and the Stock Market invisible trade invoice inward cash flow inward documentry bill inward investment inward remittance in-year management irrecoverable tax irregularly endorsed cheque irrevocable letter of credit issue issue at a discount issue by tender issue expenses issue of shares issue price

92

issued on a discount basis by tenders issued share issued share capital issued voting share issuer issuing bank issuing house Italian Lira [ITL] Iyo Finance (Hong Kong) Limited

93

JK Japan Securities Clearing Corporation Japanese Association of Securities Dealers Automated Quotations Japanese Securities Finance Company Japanese Yen [JPY] Jardine Fleming Bank Limited JCG Finance Company, Limited Jian Sing Bank Limited Job Costing System jobber jobber trade jobbing business jobbing on client jobbing system joint account joint and several note joint assessment joint contract joint creditor joint debt joint debtor Joint Declaration on Cooperation and Supervision of Cross-Border Investment Management Activities joint estate joint estates account Joint Financial Intelligence Unit [Hong Kong Monetary Authority] Joint Funding Scheme joint holder joint liability joint liquidator joint loan joint owner joint ownership joint petition joint property Joint Secretariat of the World Bank Group/International Monetary Fund joint statement joint stock association Joint Technical Working Group [formed by Hong Kong Monetary Authority, Stock Exchange of

94

Hong Kong Limited and Securities and Futures Commission] joint tenancy joint tenant joint total income joint venture joint venture account joint venture agreement joint venture contract joint-stock bank Joint-Stock Companies Act of Norway joint-stock company journal entry judgment creditor judgment debt judgment debtor judicial trustee junk bond Juroku Bank, Ltd. Juroku International Finance Limited

Ka Wah International Merchant Finance Limited kabushiki kaisha [Japanese] Kadoorie Agricultural Aid Loan Fund Kam Ngan Stock Exchange KBC Bank N.V. KDB Asia Limited KEB (Asia) Finance Limited kerb market kerb trading Kexim Asia Limited key money kickback Kincheng Banking Corporation Kincheng Finance (H.K.) Limited Kincheng-Tokyo Finance Company Limited kite-flying kiting kiting cheque KLB Asia Finance Limited known contingency known liabilities

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known spending commitment Kookmin Finance Asia Limited Korea Commercial Finance Limited Korea Exchange Bank Korea First Finance Limited Korea Stock Exchange Korean Won [KRW] Kowloon Stock Exchange Krugerrand Kuala Lumpur Stock Exchange Kwangtung Provincial Bank Kwong On Bank Limited Kwong On Finance Limited Kyoto International Finance (Hong Kong) Limited

96

L labour and material cost index LAF bid and offer rates laissez-faire policy land cost element Land Fund [Hong Kong Special Administrative Region Government Land Fund] land premium Land Registry Trading Fund land revenue land transaction landed cost land-holding company Laspeyres index formula last in, first out method [LIFO method] last recorded price last trading price late adjustment late stamping latent reserve Law Concerning Merger and Conversion of Financial Institutions of Japan law cost law of bankruptcy law of diminishing return law of insolvency lay member [Council of SEHK] leading indicator leap-frogging lease leasehold interest leasehold property leave pay ledger Ledger Accounting and Financial Information System [LAFIS] ledger book legacy legal charge legal cost legal estate

97

legal fee legal interest Legal, Membership and Secretarial Services Division [Stock Exchange of Hong Kong Limited] legal mortgage legal personal representative legal tender legal tender notes and coins legally binding debt legatee LegCo Ad Hoc Group to Study the Financial Arrangements for the New Airport and Related Projects LegCo Panel on Economic Services LegCo Panel on Financial Affairs LegCo Subcommittee on the Financing of Airport Core Programme Lehman Brothers Finance Limited lend lender lender of last resort system lending lending agreement lending margin lessee lessor letter of administration letter of allotment letter of assurance letter of comfort letter of confirmation letter of credit [L/C] letter of guarantee letter of hypothecation letter of indemnity letter of indication letter of intent letter of release letter of renunciation level off level playing field leverage leveraged buy-out leveraged foreign exchange contract leveraged foreign exchange trader

98

leveraged foreign exchange trader's representative leveraged foreign exchange trading Leveraged Foreign Exchange Trading Ordinance Arbitration Panel [Securities and Futures Commission] leveraged leasing leveraged market leviable transaction levy liability liability for payment of rates liable in damages liable to tax liberalization licence licence fee licensed bank licensed deposit-taking company licensed intermediary licensed trader licensee licensing condition licensing court licensing criterion Licensing Department [Securities and Futures Commission] Licensing Information Booklet lien life and annuity business life assurance Life Assurance Act [United Kingdom] life assurance policy life boat loan life insurance life insurance corporation Life Insurance Council of Hong Kong life insurance fund life interest Life Underwriters Association of Hong Kong life-long product light trading likely outturn limit limit down limit of legal tender

99

limit of value limit order limit up limitation fund limited company quoted on stock exchange limited company unquoted on stock exchange limited legal tender currency note limited liability limited partner limited partner loss relief limited partnership limited service bank line of business line of credit linear development linear programming linked assets linked exchange rate system linked long-term business liquefiable assets liquid assets liquid balance liquid capital liquid form of deposit liquidable assets liquidated amount liquidated damages liquidated demand liquidated sum liquidation liquidation of an account liquidation of margin account liquidation of position liquidator liquidator's bond liquidity Liquidity Adjustment Facility [LAF] Liquidity Adjustment Window [LAW] liquidity conversion factor liquidity management tool liquidity margin liquidity portfolio liquidity position liquidity ratio

100

List of Stock Codes listed company listed corporation listed investment listed securities listed share listing listing agreement Listing Appeals Committee [Stock Exchange of Hong Kong Limited] listing arrangement Listing Committee [Stock Exchange of Hong Kong Limited] Listing Division [Stock Exchange of Hong Kong Limited] listing fee listing matter Listing Nominating Committee [Stock Exchange of Hong Kong Limited] listing price Listing--Accountancy and Prospectus Vetting Department [Stock Exchange of Hong Kong Limited] Listing--Corporate Finance Department [Stock Exchange of Hong Kong Limited] Liu Chong Hing Bank Limited Liu Chong Hing Finance Limited Lloyd's [United Kingdom] Lloyd's agent Lloyd's broker Lloyd's underwriter loan loan account loan agreement loan capital loan ceiling loan creditor loan finance facility loan for financial investment Loan Fund loan interest loan loss reserve loan officer loan outstanding loan portfolio loan repayment

101

loan shark loan stock loan syndicate loan-to-deposit ratio loan-to-valuation ratio local branch local cost local inflation local inflationary pressure local production local representative office local value-added content locality of profit locally incorporated bank locally incorporated deposit-taking company Loco-London gold market London Commodity Exchange London International Financial Futures Exchange London Metal Exchange London Stock Exchange long long month long position long-range planning long-term business long-term business assets long-term business fund long-term business liabilities Long-Term Credit Bank of Japan, Limited long-term debt long-term fund long-term policy long-term rating long-term receivables long-term supplement loss loss brought forward loss carried forward loss portfolio lost instrument lot Lotteries Fund lottery low and simple taxation

102

low base of comparison low value-added lower income relief lowest conforming tender lowest tender lowest tender to specifications lump sum payment Luxembourg Monetary Institute Luxembourg Stock Exchange

103

M M1 [money supply] M1 M1, HK$ M1 M2 [money supply] M2 M2, HK$ M2 M3 [money supply] M3 M3, HK$ M3 Maastricht Treaty Macao Pataca [MOP] machinery and equipment Macro Analysis Section [Financial Services Bureau] macro assessment macro market trend macroeconomic adjustment and control measure macroeconomic implication macroeconomic level macroeconomic management macroeconomic policy macroeconomic variable macroeconomics Madrid Stock Exchange mail remittance mail transfer [M/T] mail transfer advice mail transfer rate maintenance fee maintenance grant maintenance margin maintenance of adequate capital major client major Hang Seng Index constituent stock major shareholder major trading partner major transaction majority shareholder controller Makati Stock Exchange Malayan Banking Berhad Management Accounting Section [Hong Kong Monetary Authority] management bank Management Bank of the Clearing House of Hong Kong Association of Banks management buy-out

104

management contract management fee management information system management of public finance management of public utility-type undertakings management overhead management reporting system management share manager of property managing director managing partner mandatory bid mandatory general offer mandatory offer Mandatory Provident Fund Mandatory Provident Fund Authority Mandatory Provident Fund Office Mandatory Provident Fund Scheme Manila Stock Exchange Manual of the Hong Kong Securities Industry manufacturing and services-based economy manufacturing sector Marche a Terme International de France Marche a Terme International de France MATIF S.A. Marche des Options Negociables de la Bourse de Paris Marche des Options Negociables de Paris margin margin account margin call margin client margin deposit margin loan margin of solvency margin requirement margin trading marginal cost marginal effect marginal relief marginal tax band marginal tax rate marine insurance marine insurance business marine risk marker rate of allowance

105

market market access Market and Product Development Division [Stock Exchange of Hong Kong Limited] market anomaly market body market breadth market capitalization market charge market closure market collateral market contract Market Development Division [Hong Kong Monetary Authority] market discipline market disruption market economy market efficiency market fluctuation market forces market information market infrastructure market intermediary market leader market maker market malpractice market manipulation market mechanism market median market member market on close [MOC] market order market participant market practitioner market premium market price market price development market rate market rate of discount market rate of interest market rent market rigging market risk market risk regime market sentiment

106

Market Services Group [Stock Exchange of Hong Kong Limited] market share market statistics market surveillance policy Market Systems Division [Hong Kong Monetary Authority] market trend market value market value adjustment marketability marketable debt securities marketable government debt marketable securities market-determined price market-disciplined economy market-disciplined free-enterprise economy market-friendly marketing organization facility market-making system market-orientation market-oriented economy market-sensitive information mark-to-market marriage settlement married person's allowance Mashreq Asia Limited mass production Mass Transit Fund Mass Transit Railway Corporation note massive downward pressure match an order matching matching grant matching system material risk mathematical reserve maturity maturity mismatch profile maturity mismatching arrangement maturity mismatching of assets and liabilities maximum amount maximum benefit maximum rate of interest means test

107

measure of risk exposure median income household median return Medium Range Forecast [MRF] medium to long-term funds meeting of creditors member firm Members Affairs Committee [Hong Kong Futures Exchange Limited] Membership and Rules Committee [Hong Kong Futures Exchange Limited] Membership Committee [Stock Exchange of Hong Kong Limited] memorandum account Memorandum and Articles of Association [Stock Exchange of Hong Kong Limited] Memorandum Notes on the Revenue Estimates memorandum of agreement memorandum of association Memorandum of Regulatory Co-operation [MORC] memorandum of satisfaction Memorandum of Understanding [MOU] [signed by Hong Kong Monetary Authority and Securities and Futures Commission] merchant bank merger merger agreement method of apportionment on a pro rata basis Michinoku Finance (Hong Kong) Limited Micro Analysis Section [Financial Services Bureau] microeconomics midcap stock middle interbank rate middle market cross-rate middle market rate middle rate mid-market price mid-year review Milan Stock Exchange minimum denomination minimum price movement minimum principal value minimum subscription minority interest

108

minority shareholder minority shareholder controller miscellaneous expenses miscellaneous fees miscellaneous income miscellaneous services mismatch Mitsubishi Trust and Banking Corp. Mitsubishi Trust Finance (Asia) Limited Mitsui Trust and Banking Co., Ltd. Mitsui Trust Finance (Hong Kong) Limited mixed option mixed uptrend mode of payment Model Code for Securities Transactions by Directors of Listed Companies moderate growth moderating trend modification Modified Consumer Price Index [MCPI] modified factor system monetary aggregate monetary and financial system monetary arrangement monetary assets Monetary Authority monetary base monetary discipline monetary instrument Monetary Operations Division [Hong Kong Monetary Authority] monetary policy Monetary Policy and Markets Department [Hong Kong Monetary Authority] Monetary Policy Division [Hong Kong Monetary Authority] monetary regime monetary sector monetary situation monetary squeeze monetary stability monetary unit monetary value monetization monetized value

109

money money at call money at call and at short notice money base money broker money changer money flow money for order money income money income per capita money laundering money lender money lender's licence Money Lenders Registry Money Lenders Section [Companies Registry] money lending advertisement money lending transaction money market money market instrument money market operation money market rate money of the day [MOD] money of the day equivalent money order money out on mortgage money owed money payable on demand money stock money supply money wage money wage rate Money World Asia Exhibition, Hong Kong money's worth monitoring procedure monopoly monthly balance monthly balance sheet Monthly Market Statistics monthly rated monthly statement Monthly Statistical Bulletin [Hong Kong Monetary Authority] monthly turnover Montreal Stock Exchange

110

Moody's Investors Services, Inc. Moody's rating moral claim moratorium more sophisticated economy Morgan Guaranty Trust Company of New York Morgan Stanley Capital International China Index [MSCI China Index] Morgan Stanley Capital International Hong Kong Index [MSCI Hong Kong Index] mortgage mortgage arrangement mortgage debenture stock mortgage deed mortgage default guarantee mortgage facility mortgage finance mortgage interest mortgage interest relief scheme mortgage interest subsidy scheme mortgage loan mortgage money mortgage note mortgage rate mortgage securitization mortgage security mortgage terms mortgage-backed securities mortgaged property mortgagee mortgagee in possession mortgagor mother fund Motor Insurers' Bureau of Hong Kong motor vehicle first registration tax motor vehicle insurance business motor vehicle tax movable property move within a narrow range movement movement of market rent moving average multi-currency trading multilateral agency

111

multilateral agency debt instrument multilateral development bank multilateral exchange rate model multilateral financial institution Multilateral Investment Guarantee Agency [MIGA] multiplier effect multi-purpose stored value card mutual corporation mutual credit mutual dealing mutual debt mutual fund mutual fund corporation mutual fund prospectus mutual fund unit mutual insurance corporation mutual loan syndicate mutual offset mutual right

112

N Nagoya Stock Exchange naked short selling Nanyang Commercial Bank Limited Nanyang Finance Company Limited narrow definition of money narrow margin arbitrage narrower profit margin narrowing of spread national accounting national accounts national accounts framework National Association of Securities Dealers [United States] National Association of Securities Dealers Automated Quotations [United States] National Australia Bank, Limited National Automated Payment System [NAPS] [China] National Bank of Canada National Bank of Pakistan National Commercial Bank Limited national income national income account National Institute of Economic and Social Research national insurance contribution [United Kingdom] National Market System [United States] National Measurement Accreditation Service [NAMAS] [United Kingdom] National Westminster Bank plc NationsBank, National Association native bank order nature of business near money near monopoly Nedcor Asia Limited negative factor negative growth negative interest negative interest rate negotiable negotiable bill of lading negotiable certificate of deposit [NCD]

113

negotiable debt instrument negotiable instrument negotiable letter of credit negotiable paper negotiable securities negotiable security negotiating bank net net additional allowance net admissible assets net aggregated value of an estate net amount net assessable income net assessable profit net assessable value net assets net assets increase net assets value [NAV] net balance net balance of capital movement net basis net book value net borrower net capital net cash balance net chargeable income net claims paid net clearing balance net commission payable net cost net currency translation difference net deficit net earnings net equity net estate net exchange loss net export of services net external balance net favourable balance net flow of fund net indebtedness net inflow of fund net insurance liabilities net interest margin

114

net interest paid net liabilities net open position net operating profit net outflow of fund net output net payment net position net price net proceeds net profit net profit after taxation net provisional tax net public financial assets net rate of exchange net realizable value net realization net receipt net reinsurance premium net rent net residue net savings net spot foreign currency position net sum net supply net tangible assets net total income net transfer to fund net underwriting commitment net unfavourable balance net value net worth net/gross ratio netting New Airport Division [Economic Services Bureau] new capital account commitment new capital account subhead new capital account subventions subhead new commitment new commodity New Companies Section [Companies Registry] new grant new issue account new issue of shares

115

new money new non-recurrent commitment new other non-recurrent subhead New Products Committee [Hong Kong Futures Exchange Limited] new recurrent account subhead new recurrent account subventions subhead new special expenditure subhead New Taiwan Dollar [TWD] New York Cotton Exchange, Inc. New York Futures Exchange New York Mercantile Exchange [NYMEX] New York Produce Exchange, Inc. New York Stock Exchange New Zealand Dollar [NZD] New Zealand Futures and Options Exchange New Zealand Stock Exchange newly authorized fund newly authorized trust newly formed trust next day net settlement system Next Step--Hong Kong as a Financial Risk Management Centre, The night depository Nikkei 225 Index 225 Nikkei Index Nikkei Stock Average nil-paid share Nishi-Nippon Bank, Ltd. Nishi-Nippon Finance (Hong Kong) Limited N.M. Rothschild & Sons (Hong Kong) Limited no-loss level nominal account nominal amount nominal and effective exchange rates for the Hong Kong dollar nominal capital nominal consideration nominal earnings nominal increase nominal price nominal share capital nominal value Nominating Committee [Hong Kong Futures Exchange Limited, Stock Exchange of Hong Kong Limited]

116

nominee nominee account non-acceptance non-bank investor non-banking sector non-bankruptcy certificate non-business day non-capitalization weighted index non-cash acquisition non-cash assets non-cash-limited subhead non-certificated share non-clearing member non-collateralized derivatives warrant non-conforming tender non-consumption item non-cumulative redeemable preference share non-dealing partner non-discretionary account non-distributable reserve non-essentials non-executive director non-interest-bearing certificate of indebtedness non-interest-bearing debt securities non-interest-bearing note non-interventionism non-investment-linked life insurance policy non-liquid form of deposit non-listed company non-member shareholder non-monetary gold non-negotiable bill of lading non-negotiable, non-interest-bearing promissory note non-OECD stock market non-payment non-performing assets non-performing loan non-profit-distributing body non-profit-making non-proportional treaty non-proportional treaty reinsurance non-realizable savings non-recourse debt non-recurrent cost

117

non-recurrent expenditure non-recurrent grant non-recurrent revenue non-resident corporation non-resident institution non-subsidy principle non-tradables non-unit liabilities non-voting share non-works capital expenditure Nordic Investment Bank normal expenditure normal fidelity insurance normal value Norwegian Krone [NOK] nose dive not negotiable not trading for profit notarial act of honour notary note note issuance facility note issue note issue mechanism Note Security Fund note-issuing bank Notes on Computation of Salaries Tax/Personal Assessment Notice for Payment of Provisional Tax Notice for Recovery of Tax notice of a trust notice of additional assessment Notice of Adjudication of Proof of Debt notice of assessment Notice of Assessment and Demand for Additional Tax Notice of Assessment and Demand for Tax Notice of Assessment for Property Tax Notice of Change of Particulars Notice of Change of Registered Office Notice of Correction to the Valuation List Notice of Deletion notice of demand notice of deposit notice of dishonour

118

notice of intended dividend Notice of Intended Payment to Creditors and Intended Application to Recission of Receiving Order Notice of Intention to Amend Valuation List Notice of Intention to Assess Additional Tax Notice of Interim Valuation notice of objection Notice of Personal Assessment Notice of Rateable value Notice of Revised Assessment Notice of Situation notice of transfer Notice of Valuation notifiable interest notifiable transaction noting of bills notional annual mid-point salary [NAMS] notional annual mid-point salary committed notional annual mid-point salary spent notional annual salary cost at mid-point notional cost notional mid-point cost novation nugatory expenditure number of cash-sweep chances number of cash-sweep tickets sold numbered ticket

119

O obligation obligation bond obligee occupational retirement scheme Occupational Retirement Schemes Division [Financial Services Bureau] odd lot odd lot broker OECD country OECD stock market off-balance-sheet exposure off-balance-sheet financing off-balance-sheet item off-balance-sheet transaction offer offer by tender offer documentnbsp offer for sale offer for subscription offer mechanism offer of shares for public subscription offer period offer price offer rate offer to buy offer to lend offer to sell offeree offeree company offeree shareholder offeror offeror company off-floor terminal off-floor trading office of profit Office of the Commissioner for Securities and Commodities Trading Office of the Commissioner of Banking Office of the Commissioner of Insurance Office of the Exchange Fund Office of the Telecommunications Authority Trading Fund Official Administrator

120

official emolument official listing official rate Official Receiver Official Receiver's Office official trustee off-market dealing offset offsetting position offshore bank offshore borrowing offshore borrowing transaction offshore business offshore currency deposit market offshore fund offshore interest offshore reinsurance income Offshore Supervisors Group off-site review off-site scrutiny Ogaki Kyoritsu Bank, Ltd. omission of income omission of profit on account basis on-balance-sheet item on-cost one board lot of securities "one building" condition one day rolling currency futures one day rolling currency futures contract one price one-line vote one-off grant one-off item one-off payment one-off subsidy onerous tax on-floor order on-lending on-site examination open a position open account open contract open economy

121

open interest open market open market value open offer [listing method] open order open outcry open position open price open tender open-end fund open-ended investment corporation opening balance opening price opening quotation opening rate operating account operating agreement operating cost operating deficit operating expenditure operating expenses operating income operating loan operating profit operating revenue operating services account operating statement operating surplus operation operational fund operative aggregate operator opportunity cost optimist optimum rate of expenditure option option contract option money option on a futures contract option on commodities option position option premium optional stipulation Options Clearing Corporation [Chicago]

122

Options Clearing House Pty Limited [Sydney] Options Clearing Rules options market options market maker options pricing model options trading options trading member Options Trading Rules order order cheque order for payment of money order for purchase order for redirection order for sale order of discharge order of foreclosure absolute order of mail transfer order to pay admitted debt order-based system ordinary annual contribution ordinary course of business ordinary creditor ordinary share ordinary share capital organization expenses Organization for Economic Co-operation and Development [OECD] Organization of Petroleum Exporting Countries [OPEC] Orient First Capital Limited original estimates original executor original issue price original margin original mortgagee original mortgagor original receipt original securities ORIX Asia Limited ornament gold Osaka Securities Exchange Oslo Stock Exchange O.T.B. Card Co. Ltd. ounce troy outflow of capital

123

outflow of fund outflow of money outgoing partner outgoings outgoings and expenses outlay outlying business district out-of-hours trading out-of-pocket expenses out-of-the-money option outport collection output outside dealing outstanding outstanding account outstanding allocation outstanding amount outstanding balance outstanding bill outstanding borrowing outstanding claim portfolio outstanding commitment outstanding derivatives contract outstanding loan outstanding negotiable certificate of deposit outstanding tax outstanding uncapitalized interest outturn outward documentry bill outward remittance over and above inflation overall average internal rate of return overall Consumer Price Index overall domestic export overall growth rate overall investment overall liquidity ratio overall price relative overall surplus overall tally overbuying over-commitment overdraft overdraft by banks abroad

124

overdraft by banks in foreign countries overdraft by local banks overdraft by outport banks overdraft of an account overdraft on banks overdraft on banks abroad overdraft on banks in foreign countries overdraft on local banks overdraft on outport banks overdraft secured overdue overdue loan over-employed economy overhang overhead overhead cost overheated economy overheated market overnight Hong Kong interbank offered rate overnight liquidity assistance overnight margin overnight money overnight position overnight rate overpaid amount overpayment of contribution overrun overrun cost Oversea-Chinese Banking Corporation Ltd. overseas bank overseas banking corporation overseas branch Overseas Companies Section [Companies Registry] overseas currency balance overseas financial institution overseas interest overseas investment overseas market overseas representative office Overseas Trust Bank Ltd. Overseas Union Bank Ltd. overselling oversight of markets over-spending

125

overtax over-the-counter derivative over-the-counter market over-the-counter trading over-the-counter transaction overtrading owner-occupier allowance ownership ownership in common

126

P Pacific Basin Central Bank Conference Pacific Basin Economic Council [PBEC] Pacific Economic Co-operation Council [PECC] Pacific Economic Outlook Pacific Finance (Hong Kong) Limited package package concept package development packing credit packing loan paid-in capital paid-in share paid-up capital paid-up share capital panic buying panic selling paper paper clearing system paper gold paper profit par of exchange par value parallel transaction parent company pari passu Paris Bourse parity of pay parity of subsidy principle part owner part ownership partial bid partial endorsement partial offer partial return of contribution partial settlement participant participating preference share participation participation in profit partly paid share partly paid share capital

127

partly secured partner partnership partnership account partnership assets partnership at will partnership book partnership business partnership debt partnership instrument partnership money partnership property partnership stock passage allowance passbook patent patent right patentee pawn pawnbroker pawner Pay as You Earn Scheme [PAYE Scheme] pay band pay by lump sum pay call pay date pay trend survey pay zone payable payable at par payable at sight payable by instalments payable in advance payable on demand payables payback period payee paying bank payment payment and drawback requirement Payment by Phone Service [PPS] payment in due course payment in kind payment in lieu of notice

128

payment of estate duty payment of maintenance payment of money payment of tax payment procedure payment receipt payment stopped payment system payment terms payment to redeem payoff period payroll payroll per capita payroll system pecuniary benefit pecuniary consideration pecuniary legacy pecuniary liability pecuniary loss pegged exchange rate penal rate [Liquidity Adjustment Facility] penal rent penal sum penalty Penalty Demand Note penny share pension pension scheme People's Bank Law People's Bank of China per annum per capita gross domestic product per capita gross national product per capita income per centum percentage charges percentage increase percentage inflator percentage point performance performance bond period for redemption period of accrual of interest periodic actuarial investigation

129

periodic payment periodic updating of compensation rate periodical payment permanent capital permanent diminution permanent health business permanent transfer permanently discontinued business permitted level of return perquisite person carrying on business person having spes successionis personal allowance personal assessment personal assessment allocation Personal Assessment Form personal assessment tax personal chattels personal consumption personal consumption expenditure personal emolument personal emoluments subhead personal estate personal representative personal representative of a debtor personal spending pattern personal taxation personalty personnel-related expenses personnel-related expenses subhead pessimist petition petitioner petitioning creditor petro dollar petty cash phased increase phasing of expenditure Philadelphia Stock Exchange Philippine National Bank Philippine Peso [PHP] physical assets physical commodity physical delivery of instrument

130

physical market physical price physical settlement pick up place an order place of business place of negotiation placement placement of securities placement of shares placing [listing method] placing prospectus plant and machinery plateau platform rates platinum "play the market" pledge pledged assets pledgee pledgor plough back plummet plunge Po Fung Finance Company Limited Po Sang Bank Ltd. policy policy holder pooling agreement pooling system Port and Maritime Division [Economic Services Bureau] portability portfolio portfolio diversification portfolio management portfolio manager portfolio movement portfolio of commodities portfolio risk portfolio value position position limit position risk position squaring

131

position unwind positive balance positive cash flow positive growth positive non-interventionism positive upward path possessor Post Office Trading Fund postal order post-cessation payment post-cessation receipt post-dated cheque posting post-sterling era post-tax operating profit potential capital gain potential loss potential market maker potential offeror potential taxpayer Pound Sterling [GBP] poundage power of administration Practice and Guidance Notes on Listing Rule Changes precedent partner preceding year basis preceding year of assessment pre-commencement expenditure pre-determined price pre-empt resources pre-emptive right preference margin preference share preferential claim preferential creditor preferential debt preferential payment preferential right preferential treatment preferred share pre-incorporation contract preliminary estimate preliminary estimate of gross domestic product

132

preliminary expenses preliminary figure premium premium assessment premium income premium offered in tender premium portfolio premium rate premium receivable premium savings bond scheme premium tax prepaid expenses prepaid tax prepayment prequalification prequalified consortium prequalified tenderer prequalified tendering prescribed currency present value President of Asian Development Bank pressure of demand on domestic resources pre-tax operating profit prevailing market price prevention of double duty previous closing price previous financial year price category price change price cheating price competitiveness price deflator price dissemination price elasticity price fluctuation price index price inelasticity price inflation price information price list price manipulation price mechanism price movement price notification

133

price quotation price range price relative price survey price transparency price trend price variation price-capping price--earnings ratio [P/E ratio] price-sensitive information Pricewaterhouse Coopers pricing district pricing model pricing policy pricing strategy primary capital primary input primary lien primary listing primary market primary product primary production prime rate principal principal activity principal beneficiary principal income principal money principal of bills principal office principal place of business principal risk principal shareholder principal value prior bill of sale prior equitable interest prior interest prior life interest prior transaction prior trustee prioritized approach priority claim priority debt priority rating

134

private bank private banking private company private consumption expenditure private contract private enterprise private examination private expenses private investment expenditure private limited company private placement private profit private residential mortgage lending private sales private sector private sector equity participation private tender private trustee privatization privatization price pro rata probate Probate Registry proceeds proceeds from borrowings proceeds of bills proceeds of forfeit proceeds of sale pro-competition pro-competition policy procuration fee procuration signature producer product price index [PPI] production approach production cost production expenses production-based gross domestic product estimate productive capacity productivity professional accountant professional charges Professional Course for Equity Options Practitioners professional indemnity insurance

135

professional reinsurer professional valuation profit profit and loss account profit and loss appropriation account profit and loss of previous period profit and loss of previous year profit and loss on exchange profit and loss on securities profit and loss statement profit arising in or derived from Hong Kong profit forecast profit margin profit maximization profit record profit sharing profit taking profitability profiteer profiteering profit--loss sharing ratio profits tax profits tax assessment profits tax return profit-sharing bonus program trading Programme Management System programme of deregulation [interest rate] Programme of Economic Surveys progressive rate progressive tax band project cost project estimates project financing project-by-project approach projected income projected revenue projection project-linked borrowing promise to pay promissory note [P/N] prompt collection of money prompt date proof of debt

136

proof of title proper account proper books of account proper disbursement properties sectorial index properties sub-index property property assessable to tax property derived from the deceased property gains tax property investment arrangement property lending property liable to estate duty property market property market rental index property passing on a death property portfolio property situated outside Hong Kong property tax property tax assessment Property Tax Demand Note property tax return property taxpayer property-linked benefit proportional treaty proportional treaty reinsurance proportionate reduction of property tax Proposal for Alteration of Valuation List proposal form proposed estimates proprietary insurance corporation proprietor proprietorship prospective buyer prospective liabilities prospective planholder prospectus Protection of Wages on Insolvency Fund Protection of Wages on Insolvency Fund Board protective trust protest of bills provable debt provident benefit provident fund

137

provident fund scheme provision provision for diminution in value provision for taxation provision on account provisional administrator provisional agreement for sale and purchase Provisional Certificate of Receipt of Estate Duty provisional damages provisional estimate provisional estimate of gross domestic product provisional letter of allotment provisional limit provisional liquidator provisional profits tax provisional property tax provisional salaries tax provisional tax provisional tax instalment system Provisional Urban Council rates provisionally acceptable levels [PALs] provisionally acceptable levels of expenditure provisioning policy proxy prudential supervision system public account public accountant [PA] Public Accounts Committee of the Legislative Council public auction public body public company public consumption expenditure public corporation public debt public debt repayment public deposit public examination public expenditure public finance public float public float requirement public fund public interest public investment expenditure

138

public limited company public listed company public money public offer public officer public policy public revenue Public Search Division [Companies Registry] Public Search Hall [Companies Registry] public sector public sector entity in Hong Kong public sector expenditure public sector expenditure on buildings and constructions public sector expenditure on consolidated account public subscription public tender public trustee public utility public utility company public utility tariff public utility-type undertaking Public Works Management System public works non-recurrent expenditure public works recurrent expenditure Public Works Subcommittee [PWSC] [Finance Committee of the Legislative Council] Public Works Tender Board published price punitive tax purchase and sale statement purchase consideration purchase money purchase price purchase tax purchaser purchasing and inventory control purchasing pattern purchasing power purchasing power parity pure reinsurer put option put warrant pyramid selling

139

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Q qualification share qualified acceptance qualified endorsement qualified valuer qualifying and special debt securities qualifying credit rating qualifying debt securities quarterly average Quarterly Bulletin [Hong Kong Monetary Authority] Quarterly Business Survey Quarterly Estimates of Gross Domestic Product quarterly index quasi-government corporation quick disbursing programme quotation quotation board quotation spread quoted company quoted share quoted subsidiary

141

R raider [takeover] raising of loans rally ranking liabilities rapid collapse "rat account" practice "rat trading" rate rate of change rate of charge rate of contribution rate of depreciation rate of discount rate of estate duty rate of ex gratia compensation rate of exchange rate of increase rate of interest rate of rediscount rate of return rate of tax rate per annum rate per cent per annum rate per diem rate per mensem rate quotation system rateable value rateable value above the cut-off point rateable value rent ratepayer rates rates payable rates percentage charge rates receipt rates relief Rates Relief Scheme Rating Advisor rating agency Rating and Valuation Department rating assessment rating system

142

rating valuation list ratio of advances and loans to deposits reactivation of quoted shell company readjustment ready market price real account real estate real gross domestic product real growth real income real increase real property real value real wage realizable realizable property realizable savings realizable value realization realization of gains realization of property realization statement realized investment realized profit realized value real-time delivery versus payment Real-Time Gross Settlement System [RTGS System] real-time payment versus payment realty reasonable expenses reassessment rebate rebate of interest rebound rebound in prices rebound strongly rebuilding allowance receipt receipt for duty and interest Receipted Demand Note receipts and payments account receivables receiver receivership

143

receiving bank receiving order reciprocal basis reciprocal duty reciprocity recision of contract recognizance recognized clearing house recognized dealer of Exchange Fund bills recognized stock exchange reconciliation reconciliation process reconciliation statement reconstruction of a company reconstruction of capital reconstruction tax record date recourse recover recoverable recoverable advance recoverable rent recovery recovery action recovery of estate duty recurrent account recurrent cost recurrent expenditure recurrent revenue recurrent subvention recurrent subvention subhead recursive economic model recycling [funds] red chip redeemable bond redeemable charge redeemable loan capital redeemable preference share redeemable preferred share redeemable securities redeemable share redeemable stock redemption redemption charges

144

redemption date redemption fee redemption fund redemption money redemption of Tax Reserve Certificate redemption of unit redemption on maturity redemption price rediscounted bill redomiciling redomiciling scheme reduced share reducing balance reducing value reduction reduction of full amount of duty redundancy payment re-establishment period re-export reference date [rating valuation] refinancing refinancing package reflationary policy refund Refund Notice refund of brokerage refund of rates refunding of estate duty Refurbishment Allowance for Hotels register register of assignment of book debt register of businesses register of certificates to bearer register of charges register of corporations register of debenture holders Register of Disqualification Orders register of holders of registered units register of interests in shares register of professional accountants register of shareholders registered certificate registered charge registered company

145

registered contract registered dealer registered deposit-taking company registered office registered owner registered person registered securities registered stock Registrar of Companies Registrar of Money Lenders registration Registration Division [Companies Registry] registration fee registration number registration of contract Registry Manager [Companies Registry] regressive tax regular audit regular premium regular premium policy regularity auditing regulate Regulation Division [Stock Exchange of Hong Kong Limited] regulation of markets regulator Regulatory Affairs Group [Stock Exchange of Hong Kong Limited] regulatory body regulatory committee regulatory demand regulatory system rehabilitation loan Rehabilitation Loan Sinking Fund reimbursement reimbursement other than appropriation-in-aid reinsurance reinsurance business reinsurance premium reinsurance premium ceded reinsurance premium payable reinsurance treaty reinsurer reinvestment

146

rejection of proof related corporation relative relative size relative size of the public sector in gross domestic product relative size of the public sector in total expenditure relief relief from double taxation reminder remission remission of estate duty remittance Remittance Advice remittance charge memo remittance fee paid remittance fee received remittance overseas re-mortgage remuneration remunerative rate renewal of a loan renewal of contract of insurance renewal of registration renewal policy Renminbi Yuan [CNY] rent rent charge rent record rental income rental index rental return rent-free renunciation reorganization of capital reorganization of share capital repaid bill repayment repayment capability repayment of principal repeated borrower rephasing of expenditure replacement cost replacement reserve

147

replenishment of funds repo security Report of the Securities Review Committee on the Operation and Regulation of the Hong Kong Securities Industry Report on the Financial Market Review reporting accountant reporting mechanism reporting system representative capacity representative of a commodity dealer representative office Republic National Bank of New York repurchase repurchase agreement [repo] repurchase transaction reputed owner required liquid capital requisite book requisite voucher requisition Requisition for Revenue Stamps re-registration reschedule of payment rescue fund Research and Planning Division [Stock Exchange of Hong Kong Limited] resell reserve reserve account reserve assets reserve balance as a percentage of government expenditure reserve capital reserve for bad debts reserve for contingencies reserve for exchange loss reserve fund reserve price reserve ratio requirement reserved supplementary grant Reserves Management Department [Hong Kong Monetary Authority] resettlement grant resident director

148

residential mortgage residual acceptor of foreign exchange residual deficit residual method residual method of valuation residual payment residual supplier of foreign exchange residual value residuary estate residue residue of expenditure resistance line Resource Allocation Exercise [RAE] Resource Allocation Exercise for recurrent expenditure resource bid resource bureau Resources Management Unit [RMU] [Economic Services Bureau] responsible director restatement of account restocking restricted auction restricted banking licence restricted licence bank restricted tender restriction notice restrictive endorsement results announcement retail banking retail business retail client retail dealer retail deposit retail deposit interest rate retail interest rate retail investor retail market retail participation retail price retail price index retained business retained earnings retained import retained profit retention

149

retention money retention ratio retirement scheme management category X business Retirement Schemes and Insurance and Bureau Administration Section [Financial Services Bureau] retiring partner retiring trustee retrocession retrocession premium retrocessionaire return Return of Computerized Payroll Emoluments return on assets Return on Loans, Advances and Provisions revaluation revaluation of rateable values revaluation year revenue revenue account revenue base revenue collection revenue department revenue estimates revenue from properties and investments revenue measure revenue outturn revenue paper revenue policy revenue proposal revenue shortfall revenue stamp revenue-earning department revenue-generating department reversionary estate reversionary interest Review of Companies Ordinance Consultancy Report revised assessment revised estimates revised estimates of expenditure revised estimates of revenue revised preliminary estimates of gross domestic product revive revocable letter of credit revocation

150

revocation of licence revolving fund revolving letter of credit revote reward right of control right of conversion into stock right of pre-emption right of retainer right of retention right to receive income from property right to rescind rights issue rights issue prospectus ring ring out rising price risk risk adjustment risk assets risk assets ratio risk exposure risk management Risk Management Guidelines for Derivatives risk management system risk of breakage risk of non-delivery risk of rust risk of shortage risk of sweat damage risk premium risk weight risk weighted exposure "risk-based" approach risk-capping roll forward roll over rolling forex rolling plan rolling settlement round lot round off round to nil round turn

151

round up rounded-up sub-total round-trip contract Royal Bank of Canada Royal Bank of Scotland plc royalty rule of equity Rules and Operation Procedure of Hong Kong Securities Clearing Company Limited Rules Governing the Listing of Securities [Listing Rules] [Stock Exchange of Hong Kong Limited] Rules of the Exchange [Stock Exchange of Hong Kong Limited] Rules on Interest Rates and Deposit Charges run on a bank runner running expenses running-down of business

152

S safe custody business safe custody fee safe deposit box rental received safeguarding assets safety factor safety margin of profitability Sakura Bank, Limited salaried employee salaried office salaries tax salaries tax assessment salaries tax borne by the employer salaries tax payable salaries tax payer salaries tax return salaries tax threshold salary salary adjustment salary earner salary rate index salary statement sale and purchase agreement sale by auction sale by private treaty sale by public auction sale by tender sale of assets sale proceeds sales account sales commission sales counter sales price index sales tax sampling frame sampling theory samurai bond sanction Sanwa Bank, Limited Sanwa International Finance Limited satisfaction

153

savings savings account savings deposit savings rate scale of brokerages scale of fees schedule schedule of charges schedule of dealing schedule of property schedule of proportion Schedule of Rates scheme of arrangement Scheme of Control Scheme of Control Agreement [SCA] Schengen Agreement Schroders Asia Limited scrip scrip dividend scrip dividend scheme scrip issue scripless dealing of shares SEANZA forum of bank supervisors search fee seasonal adjustment seasonal deficit seasonal fluctuation seasoned securities second and third liner second board second calculation second line stock second mortgage second participant Second Quarter Economic Report 19XX secondary insider secondary listing secondary market secondary mortgage market secondary production Secretary for Economic Services Secretary for Financial Services Secretary for the Treasury sectional group

154

sector sectorial index secular trend secure secured bond secured creditor secured loan securing debenture securities Securities Advisory Council securities analyst Securities and Exchange Commission [SEC] [Taiwan, United States] Securities and Futures Appeals Panel [Securities and Futures Commission] Securities and Futures Commission [SFC] Securities and Investment Board [SIB] [United Kingdom] securities borrowing securities business Securities Commission [presently known as Securities and Futures Commission] Securities Compensation Fund Securities Compensation Fund Committee [Securities and Futures Commission] securities dealer Securities Dealers' Deposit Fund Securities Exchange of Thailand securities for money Securities Foundation Securities Institute of Australia securities introducing broker securities investment adviser Securities Journal, The Securities Law securities lending securities market Securities Officer securities payable to bearer securities register system Securities Review Committee Securities Review Committee Report Securities Section [Financial Services Bureau] securities underwriter securitization of debt

155

security security account security by bond security features [bank notes] security for note issue security instrument security interest security to the payment of money seed capital segregated account segregated trust account SEHK Options Clearing House Limited [SEOCH] SEHK traded option seizure selective allowance selective marketing basis selective tender self-assessment self-clearing member [Stock Exchange of Hong Kong Limited] self-correcting mechanism self-financing self-liquidating project self-regulation sell sell off sell order sell short seller's price selling dealer selling hedge selling pressure selling price senior securities SEOULBANK separate assessment separate client account separate debt separate estate separate estates account separate instrument separate listing separate property separate share trading account

156

separate taxation for married couples sequestration serial bond series of transactions service-led economy set-off set-off and transfer report set-off of the property tax settled property settlement settlement backlog settlement bank settlement cap settlement date settlement of debts settlement of physical shares settlement period settlement price settlement risk settlement system settlor seven-year Exchange Fund note Sewage Services Trading Fund Shacom Finance Limited shadow director Shanghai Commercial Bank Ltd. Shanghai Securities Central Clearing and Registration Corporation Shanghai Stock Exchange share share beneficially owned share capital share certificate share dealing share in issue share investment share margin lending share market share of a business share of mutual fund share of profit share on local register share option share pending listing share premium account

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share price share registrar share repurchase share rights share split share transfer share warrant share warrant to bearer shareholder shareholders' fund shareholding sharp increase shell company shell reactivation Shenzhen Foreign Exchange Trading Centre Shenzhen Securities Registration Company Limited Shenzhen Stock Exchange Shinhan Finance Limited Shizuoka Bank, Ltd. short short call short covering short futures contract short notice short notice and time deposit short of liquidity short position short sell securities short selling short selling system short-dated securities shortfall shortfall in expenditure short-term deposit short-term indicator of economic condition short-term interest rate short-term paper short-term rating shroff account number Siam Commercial Bank Public Company Limited significant shareholder silent partner silver silver currency

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silver standard Simple Guide to Bankruptcy, A Simple Guide to Compulsory Winding-up of Companies, A simple interest simple portfolio simultaneous econometric model simultaneous equation model Sin Hua Bank Limited Sin Hua Finance Company Limited Singapore Dollar [SGD] Singapore International Monetary Exchange Singapore Stock Exchange Singapore Strait Times Index single assessment single entry system single equation model single fund single market, the [Europe] single parent allowance single premium single premium policy single tender sinking fund size criterion [banking] size of issue size of the economy slacken slow down slow trading sluggish sluggish turnover slump small and medium enterprise [SME] Small and Medium Enterprises Committee small bankruptcy small business Small Claims Tribunal Small Claims Tribunal Suitors Fund Account small depositor small economy small estate smart card snake soaring market

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Social Security Assistance Index of Prices social welfare expenditure Societe de Compensation des Marches Conditionels Societe Generale Societe Generale Asia Limited Society of Actuaries of the United States of America Society of Chinese Accountants and Auditors Society of Worldwide Interbank Financial Telecommunication [SWIFT] socio-economic infrastructure soft currency soft dollar practice soft market sole executor sole proprietor sole proprietorship sole trustee soliciting business solid growth solvency Solvency Fund source of additional revenue source of fund South Sea Bubble South-East Asian Central Banks [SEACEN] sovereign risk soyabean futures SPC Credit Limited special cash bonus Special Coin Suspense Account special crossed cheque special crossing special debt securities special drawing right [SDR] special economic zone special endorsement special expenditure special fund special grant special levy Special Levy Fund special manager special payment special proxy special rates grant

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special surplus Special Suspense Account special trust special warrant specific charge specific deduction specific duty specific duty rate specific relief specific sum specified rate rules specified tax speculation speculative activity speculative attack speculative position speculative pressure spending guideline spending pattern spending power split split share split trust spoiled stamp spot spot assets spot contract spot exchange rate spot foreign currency assets spot foreign currency liabilities spot index spot market spot month spot month trading spot price spot rate spot settlement spot trading spot transaction spread spread back spread margin spread option spread table

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spread trading spreading square position squeeze stabilization fund staff on-cost staff-related expenses stag stakeholder stale cheque stamp stamp duty stamp duty on contract note stamp duty on conveyance of land stamp duty on conveyance of properties stamp duty on property transactions stamp duty on stock transfers stamp duty rate stamp duty relief Stamp Office [Inland Revenue Department] standard amount [taxation] Standard and Poor's 500 Index 500 Standard and Poor's Corporation Standard and Poor's Rating Standard Chartered Bank standard conversion rate Standard London (Asia) Limited standard of accounting and auditing practices standard of disclosure standard rate standard rate zone standard share standard valuation method standby credit standby facility Standing Accounting Instructions Standing Committee on Company Law Reform standing offer Standing Order Form for Tax Reserve Certificate stand-over order Star Chamber Star Chamber Action Group Star Chamber review start-up cost

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start-up grant State Administration of Exchange Control [China] State Bank of India statement statement in lieu of prospectus statement of account statement of adjustment statement of affairs statement of annual account statement of assets and liabilities statement of calculation statement of income and expenditure statement of loss statement of loss and gain statement of profit and loss statement of receipts and payments by the Government Statement of Standard Accounting Practice [SSAP] Statements of Insurance Practice state-owned enterprise statistical analysis and modelling statistical indicator statistical summary Statistical Yearbook statute-barred debt Statutes of Distribution statutory business statutory charge statutory compensation statutory corporation statutory debt statutory declaration statutory trust stay buoyant steady growth steep rise sterling area Sterling Guarantee Agreement stock stock adjustment stock balance summary stock book stock borrowing and lending agreement stock broker stock certificate

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Stock Clearing Corporation [Philadelphia] stock control account stock control report stock deposit and withdrawal stock exchange Stock Exchange Automated Quotation System [SEAQ System] [United Kingdom] stock exchange company Stock Exchange Information Services Limited [SEIS] Stock Exchange of Hong Kong Limited [SEHK] [formerly known as the Unified Exchange] Stock Exchange of Singapore stock fund account stock futures stock index futures stock index futures market stock index option stock list stock market stock option stock options market stock portfolio stock sheet stock split stock unit stock warrant stock watering stockbroker stockbroking business stockholder Stockholm Options Market Stockholm Stock Exchange stock-in-trade stocks and shares stop limit order stop loss order stop order stop payment stop-go policy storage fee straddle trading straight bond straight letter of credit straight-line depreciation method

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straight-line fixed repayment street shareholder Strengthening of Currency Board Arrangements in Hong Kong [Hong Kong Monetary Authority] strike price strong demand strong growth Structural Analysis Section [Financial Services Bureau] structural ratio structural transformation of the economy structure of assets and liabilities struggle between bulls and bears Student Loan Fund sub-agent sub-contract sub-contractor sub-fund subhead subhead of expenditure sub-index subject to a trust subject to tax subordinated debt subordinated deposit subordinated loan subordinated loan stock sub-purchaser subscriber subscription subscription list subscription price subscription rate subsequent allowance subsidiary subsidiary business subsidiary company subsidiary ledger Subsidiary Note Security Fund subsidy subsidy code subsistence allowance substandard loan substantial appreciation of prices substantial benefit

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substantial savings substantial shareholder substantial transaction sub-subsidiary company sub-total sub-transferee sub-transferor sub-underwrite sub-underwriter sub-underwriting commission sub-underwriting contract subvention subvention system Subventions and Lotteries Fund Advisory Committee successful tenderer succession successor sugar futures sum assured sum invested sum payable Sumitomo Bank Ltd. Sumitomo Trust & Banking Co. Ltd. Sumitomo Trust Finance (H.K.) Limited summary liquidation case summary of receipts and payments as trustee sumptuary taxation sundry creditor sundry debtor superannuation superannuation allowance Superintendent of Stamp Office supernational credit rating supervening contract supervision fee Supervision of Markets Division [Securities and Futures Commission] supervisory authority supervisory regime supervisory system supplementary appropriation supplementary budget supplementary capital Supplementary Notes to the Fit and Proper Criteria (for applicants applying for licences under the

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Leveraged Foreign Exchange Trading Ordinance) supplementary provision supplementary warrant supplies contract supply-side economics Support Services Division [Hong Kong Monetary Authority] suppress inflation suppression factor surcharge Surcharge Notice surety surety bond surge surplus surplus and deficit account surplus assets surplus funding surplus income surplus on recurrent account surrender surrender of benefits surveillance programme surviving joint owner surviving partner surviving trustee suspend payment suspense account suspension suspension of trading sustained economic growth sustained growth swap adjustment centre swap deposit swap market swap transaction Swedish Krona [SEK] Swiss Federal Banking Commission Swiss Franc [CHF] Swiss Options and Financial Futures Exchange AG Swiss Reinsurance Company, Zurich switching Sydney Futures Exchange Ltd. syndic

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syndicated loan syndication centre synthetic call option synthetic stock synthetics system of cartelized rates system of financial administration System of National Accounts [SNA] systematic bias systematic risk

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T T+2 rule T+2 tacking Tai Po Industrial Estate Loan Tai Sang Bank Ltd. Tai Yau Bank Ltd. take a position takeover takeover documentnbsp takeover offer Takeovers and Mergers Panel [Securities and Futures Commission] take-up rate tangible assets tap issue tariff control tax tax agent tax avoidance tax band tax base tax benefit tax break tax burden tax concession tax credit tax deductible tax defaulter tax discharged tax due tax element tax evasion tax exemption Tax Exemption Certificate tax haven tax heldover tax holiday tax in default Tax Innovation Committee Tax Inspector

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tax investigation tax liability tax loophole tax net tax payable tax position tax proposal tax refundable tax regime tax relief tax representative Tax Reserve Certificate Tax Reserve Certificate Scheme tax return tax stoodover tax system tax threshold tax undercharged tax year taxable taxable bracket taxable capacity taxable income taxable payroll emolument taxable profit taxable value taxation Taxation Institute of Hong Kong Taxation Officer taxation payment taxation treatment tax-loaded tax-loaded fee taxpayer technical adjustment technical approach technical backup service technical correction technical rally technical reaction technical rebound technical support telegraphic transfer [T/T] telegraphic transfer advice

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telegraphic transfer duty telegraphic transfer rate temporary assurance temporary certificate temporary credit temporary debit temporary loading of 1/2 percentage point temporary overdraft facility temporary preferential rate tenancy in common tenant tender tender board tender closing date tender deposit tender evaluation tender for construction tender for purchase tender for supply tender form tender index tender label tender negotiation tender notice tender offer tender price tender price index tender procedure tender report tender selection tender selection criteria and marking scheme tender specifications tender validity tenderer term bond term borrowing term contract term contractor term debt term of partnership terminable charge territorial source principle [taxation] tertiary production testator

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Thai Farmers Bank Public Company Limited Thai Military Bank Public Company Limited Thailand Baht [THB] thin market thin trading Third Quarter Economic Report 19XX three-tier financial structure tick rule ticket tier X capital tight budget tight demand tight policy time apportionment [taxation] "time apportionment" case time basis [taxation] time deposit time deposit rate time for lodging proof time for stamping time loan time loan secured time loan unsecured title title to shares tobacco duty Tokai Bank, Ltd. token allowance token figure token money token provision token remuneration Tokyo Grain Exchange Tokyo International Financial Futures Exchange Tokyo Stock Exchange Tokyo Sugar Exchange Tokyo-Mitsubishi International (HK) Limited tombstone tontine tontine business top credit rating topping up Toronto Futures Exchange

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Toronto Stock Exchange Toronto-Dominion Bank total aircraft income total aircraft profit total allowance and deduction total assessable income total business turnover total capital expenditure total commitment value total cost of realization total expenditure total export total final demand total government revenue total gross expenditure total gross output total income total indebtedness total lending total liabilities total market capitalization total money total net interbank borrowing total outstanding loans total property lending total rates charges total receipt total revenue total shipping income total shipping profit total tax payable tourist price index Toyo Trust and Banking Co., Ltd. Toyo Trust Asia Limited track record trade trade aggregate trade balance trade bill trade credit trade date trade deficit trade discount trade finance

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trade financing loan trade gap trade index trade mark trade name trade surplus trade unit value index Traded Options Committee [Stock Exchange of Hong Kong Limited] Traded Options Division [Stock Exchange of Hong Kong Limited] traded options market trade-for-trade settlement trader trade-weighted average trade-weighted average value trade-weighted effective exchange rate index trade-weighted effective exchange rate index of Hong Kong dollar trade-weighted exchange rate trade-weighted exchange rate index trade-weighted value trading trading account trading adviser trading adviser's representative trading and profit and loss account Trading and Settlement Committee [Stock Exchange of Hong Kong Limited] trading at narrow ranges trading book trading capacity trading company trading day Trading Department [Stock Exchange of Hong Kong Limited] trading economy trading floor trading fund trading hall trading in shares trading limit trading malpractice trading particulars trading profit

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trading receipt trading record trading report trading rules trading stock trading system trading terminal trading unit trading volume traditional voice broker Trans Canada Options, Inc. transaction transaction and clearing fees transaction cost transaction for money consideration transaction levy transaction note transaction number transaction price transfer transfer agent transfer book transfer certificate transfer credit voucher transfer debit voucher transfer deed transfer deed stamp transfer deed stamp duty transfer fee transfer income transfer of assets across jurisdictions transfer of business transfer of securities as security for a loan transfer of stock transfer of title transfer order transfer payment transfer to... Transfer Voucher transferee transferee company transferor transferor by delivery transferor company

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transferred from... transitional adjustment transitional grant translation of foreign currencies Travel Industry Compensation Fund traveller's cheque traveller's letter of credit travelling allowance travelling expenses treasurer Treasury Treasury Accountant Treasury Accounts Branch [Treasury] treasury bill treasury bond treasury note treasury securities treasury stock treaty business treaty negotiation treaty reinsurance business trend analysis trend growth trend growth rate trend line trend projection triennial equalization account triennial grant trigger point trigger ratio trim back troy true account true annual percentage rate true market value true owner trust trust account trust assets trust capital trust company trust corporation trust deed trust estate

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trust for sale trust fund trust instrument trust liabilities trust money trust of a public character trust period trust property trust receipt trust securities trust will trustee trustee company trustee for sale trustee of residuary estate trustee's account trustees trading account trusteeship trustor turnover turnover tax

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U UCO Bank ultimate controlling company ultimate controlling interest ultimate holding company umbrella fund unabsorbed allowance unabsorbed loss unallocable expenditure Unallocated Stores Suspense Account unallowed expenditure unappropriated profit unavoidable commitment uncalled capital uncalled share capital uncapitalized interest uncashed dividend uncertificated system unclaimed deposit unclaimed fund uncommitted balance unconfirmed letter of credit uncovered deficit uncovered option uncovered position uncrossed cheque under margin under-assessment [taxation] underestimate under-expenditure underlying assets underlying share underlying trend of inflation underspending understatement understatement of income understatement of profit undertaking undervalued currency underwrite underwriter underwriting agreement underwriting commission

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underwriting commitment underwriting contract underwriting facilities underwriting margin underwriting profit underwriting result underwriting year basis undischarged bankrupt undischarged commitment undistributed money undistributed post-acquisition reserve undistributed profit undivided profit undue fluctuation undue movement in share prices undue risk unduly burdensome unearned premium unearned premium portfolio unencumbered unendorsed cheque unexpended balance unexpired risk unfavourable balance unfunded liabilities Unified Exchange [presently known as Stock Exchange of Hong Kong Limited] Unified Exchange Compensation Fund uniform debenture unilateral relief from double taxation unilateral restraint unilateral undertaking unincorporated body unincorporated business Union Bank of Hong Kong Ltd. Union Finance Limited unissued share unit cost basis unit holder unit liabilities unit trust unit trust fund unit trust manager unit trust scheme

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unit value unit value index United Chinese Bank Ltd. United Kingdom Royal Mint United Nations Commission on International Trade Law [UNCITRAL] United Nations Development Programme [UNDP] United Overseas Bank Ltd. United States Dollar [USD] University Grants Committee [UGC] unlawful pawning unlimited company unlimited liability investment unliquidated damages unliquidated debt unlisted company unlisted securities unnecessary expenses unpaid capital unprofitable unprofitable contract unqualified acceptance unquantifiable assets unquoted assets unquoted issue unquoted securities unquoted share unrealized profit unredeemed goods unregistered company unregistered share unreimbursed charges unsatisfied debt unsecured unsecured creditor unsecured guaranteed bond unsecured liabilities unsecured loan unsecured loan stock unsecured obligation unsecured paper assets unsettled contract unsettled order report unsettled position

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unsolicited call unspent balance unspent grant unsystematic risk unusual transaction unwanted stamp unwritten sale agreement up limit up reversal uplift up-market upset premium upset price upswing uptrend upturn upward adjustment usual rate of net profit usufruct utilities sectorial index utilities sub-index utility charges utility-type undertaking

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VW valid and subsisting bill valid bilateral netting arrangement valid branch registration certificate valid business registration certificate valid discharge valid endorsement valuable consideration valuation valuation balance sheet valuation date valuation effect valuation list valuation of assets valuation report valuation strain value value at cost value index value index for construction works value of cash-sweep chances value of cash-sweep tickets sold value of construction works value of distribution value of export value of gross output value of import value of property value of re-export value of sum assured value of the consideration value-added product value-added tax [VAT] value-at-risk model value-for-money value-for-money audit value-for-money criterion value-for-money study valuer value-weighted index variable variable interest investment

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variable interest securities variation variation of contract vendor venture capital Venture Capital Fund venture capital market venture company very substantial acquisition vested annuity vested estate vested interest vested liabilities vested reversionary bonus vesting date vesting order viability Vienna Stock Exchange Vietnam Finance Company Limited virement visible trade visible trade account visible trade deficit visible trade gap volatility volume index volume of business volume of trading volume of transaction voluntarily surrender voluntary agreement voluntary chargeable agreement for sale voluntary code voluntary disclosure of tax evasion voluntary disposition voluntary liquidation voluntary settlement voluntary winding-up vote vote on account vote on account warrant vote on supplementary warrant voting of fund voting share

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voucher

wage waiver waiver of fees waiver of loan warehouse warrant warrant exercisable warrant exercised [listing method] warrant issue prospectus warrant stock warrant to subscribe wash sale Wayfoong Credit Limited Wayfoong Finance Ltd. wayward and erratic movement weak weak consumer spending wealth effect weight weighted average weighted average of exchange rate weighted market capitalization weighted mean salary weighting system of the Consumer Price Index well-capitalized Wellington Stock Exchange West Germany's Commerzbank Index Westdeutsche Landesbank Girozentrale Western European economies of greatest reference to Hong Kong Western industrialized economy Westpac Banking Corporation whitewashed transaction wholesale bank wholesale banking wholesale tax wholly-owned subsidiary W.I. Carr Indosuez Capital Asia Limited wider margin of variation width of two tax bands

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wilful evasion will winding-up winding-up order winding-up petition winding-up proceeding Windsor Declaration Wing Hang Bank Ltd. Wing Hang Finance Company Limited Wing Lung Bank Limited Wing Lung Finance Limited Winnipeg Commodities Exchange Winnipeg Commodity Clearing Limited with recourse letter of credit withdrawal of offer withholding tax without-profit business with-profit business workforce working balance working capital Working Group on Corporate Governance [Stock Exchange of Hong Kong Limited] Working Group on Financial Facilities Working Group on Hong Kong's Economic Relationship with China Working Group on New Market Development [Stock Exchange of Hong Kong Limited] Working Party on Financial Disclosure Working Party on Payment and Settlement System working population Works Account World Bank World Bank Group World Bank/International Monetary Fund Annual Meeting World Competitiveness Report 19XX [published by the International Institute for Management Development and the World Economic Forum] World Economic Forum World Gold Council World Trade Organization [WTO] worldwide profit wound-up company write back

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write down write off write up written commitment written-down value written-down value on disposal

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YZ Yamaguchi Bank, Ltd. Yankee bond Yasuda Trust & Banking Co. Ltd. Yasuda Trust Asia Pacific Limited year of assessment year preceding a year of assessment yearly rent year-on-year growth rate year-to-year percentage increase "yee wui" yield yield curve yield of dividend yield to maturity Yien Yieh Commercial Bank Ltd. Yien Yieh Finance Company Ltd. Yuen Long Industrial Estate Loan

zaibatsu [Japanese] zero coupon bond zero growth zero-based budgeting zonal charge Zurich Stock Exchange

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