XPayIndustry WIKIBack to home
XPAY KNOWLEDGE

Industry WIKI

Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Finance

Short (finance)

In finance, being short in an asset means investing in such a way that the investor will profit if the market value of the asset falls. This is the opposite of the more common long position, where the investor will profit if the market value of the asset rises. An investor that sells an asset short is, as to that asset, a short seller.

Finance

Short-term European paper

Short-term European paper (STEP) is a short-term financing instrument and investment tool, and also a tool for the European Union to align the market standards and practices to promote the integration of the European market. The EU has accepted the STEP market as a non-regulated market due to collateral purposes; meanwhile, this will not influence the existing national and European legis

Banking

Shōwa financial crisis

The Shōwa Financial Crisis (昭和金融恐慌, Shōwa Kin'yū Kyōkō) was a financial panic in 1927, during the first year of the reign of Emperor Hirohito of Japan, and was a foretaste of the Great Depression. It brought down the government of Prime Minister Wakatsuki Reijirō and led to the domination of the zaibatsu over the Japanese banking industry.

Trading basics

Shrinkage (accounting)

In accounting, shrinkage or shrink occurs when a retailer has fewer items in stock than were expected by the inventory list. This can be caused by clerical error or by goods being damaged, lost, or stolen between the point of manufacture (or purchase from a supplier) and the point of sale. High shrinkage can adversely affect a retailer's profit.

Banking

Shyamala Gopinath

Shyamala Gopinath (born 20 June 1949) is an Indian banker and former chairperson of HDFC Bank. She previously served as a deputy governor of the Reserve Bank of India (RBI), for seven years.

Securities & exchanges

Sibiu Stock Exchange

The Sibex-Sibiu Stock Exchange (Sibex S.A. in Romanian) was a stock exchange and futures exchange in Romania that was the largest market for Futures and Options trading in Romania. It was established in 1994 and finally merged with the Bucharest Stock Exchange in 2017.

Banking

Silver standard

The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into e

Finance

Simple agreement for future equity

A simple agreement for future equity (SAFE) is an agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment. The SAFE investor receives the future shares when a priced round of investment or liquidity event occurs. SAFEs

Trading basics

Singapore dollar

The Singapore dollar (sign: $; code: SGD) is the official currency of the Republic of Singapore. Each dollar is divided into 100 cents (Malay: sen, Chinese: 分; pinyin: fēn, Tamil: காசு, romanized: kācu). It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and co

Payments & settlement

Single Euro Payments Area

The Single Euro Payments Area (SEPA) is a payment-integration system of the European Union that makes cross-border bank transfers in euros as fast, cheap, and simple as domestic payments. It allows individuals and businesses to make cashless euro transfers to any account within the zone using a single bank account and an International Bank Account Number, under the same basic conditions

Finance

Single-dealer platform

A single-dealer platform (SDP) is software used by an investment bank dealing in the capital markets to deliver trading and associated services via the web. The function of an SDP is to integrate pricing, liquidity, and information from multiple sources within a bank and provide access to them via a single user interface. It is thus both an integration platform and a delivery platform.

Securities & exchanges

Single-price auction

Single-price auctions are a pricing method in securities auctions that give all purchasers of an issue the same purchase price. They can be perceived as modified Dutch auctions. This method has been used since 1992 when it debuted as an experiment of the U.S. Treasury for all auctions of 2-year and 5-year notes. There is only one main difference between the multiple-price system and the

Banking

Single-tier banking system

A single-tier banking system is a policy framework under which all credit institutions coexist without distinction about the quality of their liabilities, or in other words, there is no distinction between central bank money and broad money. This setting is generally associated with communist economic systems.

Trading basics

Situation analysis

In strategic management, situation analysis refers to a collection of methods that managers use to analyze an organization's internal and external environment to understand the organization's capabilities, customers, and business environment. The situation analysis can include several methods of analysis such as the 5C analysis, SWOT analysis and Porter's five forces analysis.

Finance

SIX Financial Information

SIX Financial Information, a subsidiary of SIX Group, is a multinational financial data vendor headquartered in Zurich, Switzerland. The company provides market data which it gathers from the world's major trading venues directly and in real-time or which it also sources on its own. Its database has structured and encoded securities administration data for more than 20 million financial

Securities & exchanges

SIX Swiss Exchange

SIX Swiss Exchange (formerly SWX Swiss Exchange), based in Zürich, is Switzerland's principal stock exchange (the other being BX Swiss). SIX Swiss Exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.

Finance

Skattrannsóknarstjóri ríkisins

Skattrannsóknarstjóri ríkisins, also known as the Directorate of Tax Investigations (DTI) is responsible for investigating legal cases where suspicions of tax fraud, tax evasion, or other violations of tax law are found within Iceland. The DTI is accountable to the Minister of Finance.

Fiat currencies

Skrill

Skrill is part of Paysafe Limited, a global payments platform. It is one of Paysafe's digital wallet brands and was established in 2001 to offer multiple online payment and money transfer services. The company facilitates multiple payment options including card payments, bank transfers and local payment methods. The funds in a Skrill account can then be used to pay merchants and other S

Securities & exchanges

Slack Technologies

Slack Technologies, LLC is an American software company founded in 2009 in Vancouver, British Columbia, known for its proprietary communication platform Slack. Outside its headquarters in San Francisco, California, Slack also operates offices in New York City, Denver, Toronto, London, Paris, Tokyo, Dublin, Vancouver, Pune, and Melbourne.

Securities & exchanges

Slađana Milošević

Aleksandra Milošević Hagadone (Serbian Cyrillic: Александра Милошевић Хагадон; 3 October 1955 – 26 March 2024), better known as Slađana Milošević (Serbian Cyrillic: Слађана Милошевић, pronounced [slǎdʑana milǒːʃeʋitɕ]), was a Serbian and Yugoslav singer, songwriter, record producer, and author. Often referred to by the nickname "Rock Princess", Milošević was one of the most prominent fem

Finance

Smart bond (finance)

A smart bond (or blockchain Bond) is a specific type of an automated bond contract that uses the capabilities of blockchain databases that can operate as cryptographically-secure yet open and transparent general ledgers. This is sometimes referred to as Distributed Ledger Technology (DLT). It is one of a class of financial instruments known as a smart contract, "a computerized transactio

Banking

Smart card

A smart card (SC), chip card, or integrated circuit card (ICC or IC card), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. Many smart cards include a pattern of metal contacts to electrically connect to the internal chip. Others are contactless, and some are both. Smart cards can provide perso

Trading basics

SmartThings

SmartThings Inc. is an American home automation company headquartered in Mountain View, California. Since August 2014 it is a subsidiary of Samsung Electronics.

Trading basics

Social cooperative

Social cooperatives exist to provide social services such as the care of children, elderly and disabled people, and the integration of unemployed people into the workforce. The phenomenon is most developed in Italy, but exists in various forms in many countries. In countries such as Sweden and Britain they exist without any special legislation, while elements of the Italian model have be

Finance

Social credit system

The social credit system (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist implemented by the government of the People's Republic of China. The social credit system is a broad governance strategy to track businesses, individuals, and government institutions and enhance their perceived trustworthiness rather than a single system. It is based on varyi

Trading basics

Social marketing intelligence

Social marketing intelligence is the method of extrapolating valuable information from social network interactions and data flows that can enable companies to launch new products and services into the market at greater speed and lower cost. This is an area of research however, companies using social marketing intelligence have achieved significant improvement in marketing campaigns.

Trading basics

Social pension

According to the International Labour Organization, social security is a human right that aims at reducing and preventing poverty and vulnerability throughout the life cycle of individuals. Social security includes different kinds of benefits (maternity, unemployment, disability, sickness, old age, etc.) A social pension is a stream of payments from the state to an individual that starts

Finance

Social trading

Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders. The primary objective is to follow their investment strategies using copy trading or mirror trading. Social trading requires little or no knowledge about financial markets.

Trading basics

Social venture capital

Social venture capital is a form of investment funding that is usually funded by a group of social venture capitalists or an impact investor to provide seed-funding investment, usually in a for-profit social enterprise, in return to achieve an outsized gain in financial return while delivering social impact to the world. There are various organizations, such as Venture Philanthropy (VP)

Trading basics

Socialist self-management

Socialist self-management or self-governing socialism was a form of workers' self-management used as a social and economic model formulated by the League of Communists of Yugoslavia. It was instituted by law in 1950 and lasted in the Socialist Federal Republic of Yugoslavia until 1990, just prior to its breakup in 1992.

Trading basics

Société Générale

Société Générale S.A. (French: [sɔsjete ʒeneʁal]), colloquially known in English-speaking countries as SocGen (pronounced [sɔk ʒɛn]), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby in La Défense.

Finance

SoFi

SoFi Technologies, Inc. (abbreviated as SoFi, short for Social Finance) is an American financial technology company. Founded in 2011 by Stanford University graduates as a student loan refinancier, it operates a direct bank serving retail customers and businesses. SoFi is the largest U.S.-based online lender, and has nearly 16 million customers as of 2026.

Finance

Sofina

Sofina, Société Financière de Transports et d'Entreprises Industrielles, is a Belgian holding company, headquartered in Brussels with offices in Singapore and Luxembourg. As part of the Bel20 index, it is one of the twenty largest capitalisation in Belgium. The company invests in several industrial sectors such as telecommunication (7%), banks and insurance (6%), private equity (6%), B2B

Trading basics

SOFR

Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate (that is, a rate used by parties in commercial contracts that is outside their direct control) established as an alternative to LIBOR. LIBOR had been published in a number of currencies and underpins financial contracts all over the world. Deeming it prone to manipulation, UK regulators

Securities & exchanges

SOFR Academy

SOFR Academy, Inc. is an American financial market infrastructure company focused on developing benchmark credit-spread infrastructure designed to complement risk-free reference rates in global capital markets. In connection with global reference rate reform and the transition away from the London Interbank Offered Rate (LIBOR), which underpinned approximately US$400 trillion in financia

Trading basics

Software product management

Software product management (sometimes referred to as digital product management or just product management depending on the context) is the discipline of building, implementing and managing digital products, taking into account life cycle, user interface and user experience design, use cases, and user audience. It governs the development cycle of a product from its inception to the mark

Finance

Solidarity lending

Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay. It is an important building block of microfinance.

Trading basics

Solidity

Solidity is a programming language for implementing smart contracts on various blockchain platforms, most notably Ethereum. Solidity is licensed under GNU General Public License v3.0. Solidity was designed by Gavin Wood and developed by Christian Reitwiessner, Alex Beregszaszi, and several former Ethereum core contributors. Programs in Solidity run on Ethereum Virtual Machine or on compa

Trading basics

SonicWall

SonicWall Inc. is an American cybersecurity company that sells a range of Internet appliances primarily directed at content control and network security. These include devices providing services for network firewalls, unified threat management (UTM), virtual private networks (VPNs), virtual firewalls, SD-WAN, cloud security and anti-spam for email. The company also markets information su

Trading basics

Sophos

Sophos Limited is a British security software and hardware company. It develops and markets managed security services and cybersecurity software and hardware, including managed detection and response, incident response, and endpoint security. Sophos was listed on the London Stock Exchange until it was acquired by Thoma Bravo, an American private equity firm, in March 2020.

Finance

Soros: The World's Most Influential Investor

Soros: The World's Most Influential Investor is a non-fiction book by Robert Slater, first released by McGraw Hill in 1996, that describes the early life, education, work, and philanthropy of a man many consider to be the most influential and successful investor of the twentieth century.

Finance

South African Mint

The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria, the mint manufactures coins and planchets for both domestic and international markets.

Trading basics

Sovereign funds of China

Sovereign funds of China are mechanisms through which the Chinese state acts as a market participant with the goals of supporting key domestic economic sectors, advancing strategic interests internationally, and diversifying its foreign exchange reserves.

Finance

Sovereign Gold Bond

Sovereign Gold Bond, abbreviated as SGB, is a government security issued by the Reserve Bank of India (RBI) on behalf of the Government of India. It is denominated in grams of gold and is linked to the price of gold in India. It is also an interest-bearing bond, carrying an interest of 2.5% p.a. paid in two installments every year till maturity.

Trading basics

Space Cola Wars

In the Space Cola Wars, the major soft drink competitors Coca-Cola and Pepsi engaged in costly marketing campaigns and product tests to get their beverages into space, in continuation of the so-called "Cola Wars". The competition began in 1985 during the STS-51-F Space Shuttle mission, when astronauts tested specially designed soda cans from each company to see how the carbonated drinks

Fiat currencies

Spahn tax

A Spahn tax is a type of currency transaction tax that is meant to be used for the purpose of controlling exchange-rate volatility. This idea was proposed by Paul Bernd Spahn in 1995.

Trading basics

SPDR S&P 500 ETF Trust

The SPDR S&P 500 ETF Trust, commonly known by its ticker symbol SPY (NYSE Arca: SPY), is an exchange-traded fund (ETF) that seeks to track, before expenses, the price and yield performance of the S&P 500 by holding, as far as practicable, a portfolio of common stocks included in the index, with portfolio weights that substantially correspond to the index. Launched on January 22, 1993, SP

Trading basics

Special Administration of the Holy See

The Special Administration of the Holy See (Italian: Amministrazione Speciale della Santa Sede, nicknamed La Speciale, abbreviated ASSS) was a dicastery of the Roman Curia from 1929 to 1967. It was established motu proprio by Pope Pius XI on 7 June 1929 to manage the ₤750 million in cash and 1,000 million in Italian government bonds transferred to the Holy See in implementation of the Fi

Fiat currencies

Special drawing rights

Special drawing rights (SDRs, code XDR) are a supplementary foreign exchange reserve asset defined and maintained by the International Monetary Fund (IMF). SDRs are the units of account for the IMF, and not a currency; rather, SDR value is based on a basket of currencies, the specific composition of which is reviewed every five years. SDRs represent a claim to currency held by IMF member

Trading basics

Special Investment Facilitation Council

The Special Investment Facilitation Council (SIFC) is a Federal government body and Investment Promotion Agency constituted under the Prime Minister of Pakistan. The SIFC was established on 20 June 2023 with the stated goal of acting as a "'single window' to facilitate investors, establish cooperation among all Government departments, and fast-track project development." The council cons

Trading basics

Specially Designated Nationals and Blocked Persons List

The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of governments that are the U.S.'s enemies, and international criminals (e.g. drug traffickers). The list is administered by the U.S. Treasury's Office of Foreign Assets Control (

Payments & settlement

Speedpass

Speedpass was a keychain radio-frequency identification (RFID) device introduced in 1997 by Mobil (which merged with Exxon to become ExxonMobil in 1999) for electronic payment. It was originally developed by Verifone. By 2004, more than seven million people possessed Speedpass tags, which could be used at approximately 10,000 Exxon, Mobil and Esso gas stations worldwide.

Payments & settlement

Spice Money

Spice Money (SML) is an Indian rural financial services company headquartered in Noida. It was founded in 2000 by Dilip Modi, who serves as the chairman and group CEO of DiGiSPICE Technologies. SML is a subsidiary of DiGiSPICE Technologies. It provides financial services, such as money transfer, cash deposit, account opening, bill payments, mini ATMs and more services. It engages with l

Finance

Spoofing (finance)

Spoofing is a disruptive algorithmic trading activity employed by traders to outpace other market participants and to manipulate markets. Spoofers feign interest in trading futures, stocks, and other products in financial markets creating an illusion of the demand and supply of the traded asset. In an order driven market, spoofers post a relatively large number of limit orders on one sid

Trading basics

Spotify Wrapped

Spotify Wrapped is a year-in-review feature and viral marketing campaign hosted by Spotify every year since 2016. Typically released in late November or early December, it allows users to view a summary of their activity on the platform over the past year, which can then be shared on social media.

Finance

Spread Networks

Spread Networks is a company founded by Dan Spivey and backed by James L. Barksdale (former CEO of Netscape ) that claims to offer Internet connectivity between Chicago and New York City at ultra-low latency (i.e. speeds that are very close to the speed of light), high bandwidth, and high reliability, using dark fiber. Its customers are primarily firms engaged in high-frequency trading,

Payments & settlement

Square (financial services)

Square is a point-of-sale system for sellers with physical or online stores. Launched in 2009 by Block, Inc. (formerly Square, Inc.), it enables merchants to accept card payments and manage business operations. As of 2024, Square is the U.S. market leader in point-of-sale systems, serving 4 million sellers and processing $228bn annually.

Securities & exchanges

Squarespace

Squarespace, Inc. is an American website building, hosting, and domain registration company based in New York City. It provides software as a service for website building, e-commerce, domain registration, marketing, and online scheduling. The platform allows users to use pre-built website templates, drag-and-drop editing, and artificial intelligence-powered design tools.

Finance

Sri Lanka and the World Bank

Sri Lanka has been involved with the World Bank since its initial entrance into the International Bank for Reconstruction and Development (IBRD) on August 29, 1950. Currently, Sri Lanka's quota in the IBERT is approximately 515.4 million dollars, thus allotting 5,846 votes or 0.25% of the total votes in the institution. Sri Lanka later became a member of the other institutions in the wor

Assets

Stablecoin

A stablecoin is a type of cryptocurrency that aims to maintain a stable value relative to a specified asset, a pool or basket of assets. The specified asset might refer to fiat currency, commodity, or other cryptocurrencies. Despite the name, stablecoins are not necessarily stable. Stablecoins rely on stabilization tools such as reserve assets or algorithms that match supply and demand

Trading basics

Standard Catalog of World Coins

The Standard Catalog of World Coins is a series of numismatic catalogs, commonly known as the Krause catalogs. They are published by Krause Publications, a division of Active Interest Media.

Finance

Standard Chartered

Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services.

Securities & exchanges

Standardized approach (counterparty credit risk)

The standardized approach for counterparty credit risk (SA-CCR) is the capital requirement framework under Basel III addressing counterparty risk for derivative trades.

Banking

Stanford International Bank

Stanford International Bank was a bank based in the Caribbean, which operated from 1986 to 2009 when it went into receivership. It was an affiliate of the Stanford Financial Group and failed when its parent was seized by United States authorities in early 2009 as part of the investigation into Allen Stanford.

Finance

Stanisław Gebhardt

Stanisław Mieczysław Gebhardt (13 July 1928 – 27 February 2025) was a Polish resistance fighter, economist, émigré political activist, international social entrepreneur and veteran member of the Christian democratic movement. After his return to Poland after the Fall of the Berlin Wall, he was associated with centre-right politics and regarded as a political historian. Gebhardt received

Securities & exchanges

Stanley Druckenmiller

Stanley Freeman Druckenmiller (born June 14, 1953) is an American billionaire investor, philanthropist and former hedge fund manager. He is the former chairman and president of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010, at which time it had over $12 billion in assets. From 1988 to 2000, he managed money for George Soros as the lead portfolio manager fo

Banking

State Bank of Pakistan

The State Bank of Pakistan (SBP; Urdu: بینک دولت پاکستان, romanised: Bank Daulat Pakistan) is the central bank of Pakistan. Its headquarters are located in Karachi, the financial capital of the country. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. Its constitution, as originally laid down in the State Bank of Pakistan Order 194

Finance

State Street Corporation

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 t

Trading basics

Steamboat Inspection Service

The Steamboat Inspection Service was a United States agency created in 1871 to safeguard lives and property at sea. It merged with the Bureau of Navigation in 1932 to form the Bureau of Navigation and Steamboat Inspection, which in 1936 was reorganized into the Bureau of Marine Inspection and Navigation. The Bureau of Marine Inspection and Navigation's responsibilities were transferred t

Finance

Stiglitz Report

The Stiglitz Report: Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis is a book documenting the necessary changes and reforms of the international financial institutions during the 2008 financial crisis and the Great Recession. Written by a commission chaired by Nobel laureate economist Joseph Stiglitz, the report frames the crisis as part of a

Securities & exchanges

Stock exchange

A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock

Securities & exchanges

Stock market data systems

Stock market data systems communicate market data—information about securities and stock trades—from stock exchanges to stockbrokers and stock traders.

Securities & exchanges

Stock market index future

In finance, a stock market index future is a cash-settled futures contract on the value of a particular stock market index. The turnover for the global market in exchange-traded equity index futures is notionally valued, for 2008, by the Bank for International Settlements at US$130 trillion.

Trading basics

Strategic communication

Strategic communication is the purposeful use of communication by an organization to reach a specific goal. Organizations like governments, corporations, NGOs and militaries seeking to communicate a concept, process, or data to satisfy their organizational or strategic goals will use strategic communication. The modern process features advanced planning, international telecommunications

Finance

Streamline refinancing

Streamline refinancing is a mortgage refinancing process in the United States for Federal Housing Administration (FHA) mortgages that reuses the original loan's paperwork allowing quicker refinancing. The program was introduced by the FHA as a way to speed up the home refinancing process. By reusing the original loan's paperwork, the process to refinance a home was reduced from a few mo

Securities & exchanges

Street name securities

The phrase street name securities or "nominee name securities" is used in the United States to refer to securities of companies which are held electronically in the account of a stockbroker or bank or custodian, similar to a bank account. The entity whose name is recorded as the legal owner of the securities is known as the "nominee owner," and that entity has ownership rights in the sec

Securities & exchanges

Strike price

In finance, the strike price (or exercise price) of an option is a fixed price at which the owner of the option can buy (in the case of a call), or sell (in the case of a put), the underlying security or commodity. The strike price may be set by reference to the spot price, which is the market price of the underlying security or commodity on the day an option is taken out. Alternatively,

Finance

Stripe, Inc.

Stripe, LLC is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States, and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.

Fiat currencies

Strong dollar policy

Strong dollar policy is United States economic policy based on the assumption that a "strong" exchange rate of the United States dollar (meaning it takes fewer dollars to purchase the same amount of another currency) is in the interests of the United States. In 1971, Treasury Secretary John Connally famously remarked how the US dollar was "our currency, but your problem," referring to ho

Finance

Structured finance

Structured finance is a sector of finance and financial law concerned with managing leverage and risk. Strategies may involve off-balance-sheet accounting or the use of financial instruments to manage credit risk and facilitate capital flows.

Finance

Structured Financial Messaging System

Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally.

Trading basics

Structured settlement

A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement may be offered by the defendant or requested by the plaintiff. Ult

Trading basics

Structured settlement factoring transaction

A structured settlement factoring transaction means a transfer of structured settlement payment rights (including portions of structured settlement payments) made for consideration by means of sale, assignment, pledge, or other form of encumbrance or alienation for consideration. In order for such transfer to be approved, the transfer must comply with Internal Revenue Code section 5891 a

Banking

Structuring

Structuring, also known as smurfing in banking jargon, is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law, such as the United States' Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (relating to the requirement to file Form 8300). Struc

Trading basics

Student Initiative Rahel

The Student Initiative Rahel (German: Rahel-Bildungsprojekt) was a project of the Institute for World Church and Mission (IWM, German: Institut für Weltkirche und Mission), which is part of the Sankt Georgen Graduate School of Philosophy and Theology in Frankfurt-Sachsenhausen. The nonprofit project started in 2010 and collected money until 2017, financing scholarships for disadvantaged

Trading basics

Suggestion box

The suggestion box is used for collecting slips of paper with input from customers and patrons of a particular organization. Suggestion boxes may also exist internally, within an organization, such as means for garnering employee opinion.

Payments & settlement

SumUp

SumUp is a British financial technology company headquartered in London. SumUp’s primary product is an EMV card reader and a number of online payment and bank account system for merchants and businesses.

Trading basics

Sun Capital Partners

Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts. Sun Capital was founded in 1995 by Marc J. Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and investment bankers at Lehman Brothers.

Trading basics

SunPass

SunPass is an electronic toll collection system within the state of Florida, United States. It was created in 1999 by the Florida Department of Transportation's (FDOT's) Office of Toll Operations, which operates as a division of Florida's Turnpike Enterprise (FTE). The system utilizes windshield-mounted RFID transponders manufactured by TransCore and lane equipment designed by companies

Finance

Supervisory and Financial Information Authority

The Supervisory and Financial Information Authority (Italian: Autorità di Supervisione e Informazione Finanziaria; ASIF), which is guaranteed full autonomy and independence in the performance of its institutional functions, is the central institution in the Holy See and Vatican City State that has exclusive competence for supervision and regulation for the purpose of money laundering, th

Payments & settlement

Surcharge (payment systems)

A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. Retailers generally incur higher costs when

Trading basics

Surveillance capitalism

Surveillance capitalism is a concept in political economics which denotes the widespread collection and commodification of personal data by corporations. This phenomenon is distinct from government surveillance, although the two can be mutually reinforcing. The concept of surveillance capitalism, as described by Shoshana Zuboff, is driven by a profit-making incentive, and arose as advert

Trading basics

SUSE S.A.

SUSE S.A. ( SOO-sə, SOO-zə, German: [ˈzuːzə]) is a multinational open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for enterprise. It is the developer of SUSE Linux Enterprise and the primary sponsor of the community-supported openSUSE Linux distribution project. SUSE S.A. is headquartered

Finance

Suspicious activity report

In financial regulation, a suspicious activity report (SAR) or suspicious transaction report (STR) is a report made by a financial institution about suspicious or potentially suspicious activity as required under laws designed to counter money laundering, financing of terrorism and other financial crimes. The criteria for when a report is required vary by country, but in general, a repor

Trading basics

Sustainalytics

Sustainalytics is a company that rates the sustainability of listed companies based on their environmental, social and corporate governance (ESG) performance. The company was born of a merger between Toronto-based Jantzi Research, which was founded in 1992 by Sustainalytics' current CEO Michael Jantzi, and its European counterpart. Following its acquisition of GES International on Januar

Securities & exchanges

Swap (finance)

In finance, a swap is a derivative in which two parties agree to exchange one stream of cash flows for another, based on some agreed formula. An example is a floating-for-fixed interest rate swap, which calls for (a) payments by one party based on the product of a floating interest rate and a fixed amount, called the notional, in exchange for (b) payments by the counterparty based on the

Securities & exchanges

Swap execution facility

A swap execution facility (SEF) (sometimes swaps execution facility) is a platform for financial swap trading that provides pre-trade information (i.e. bid and offer prices) and a mechanism for executing swap transactions among eligible participants.

Finance

Swaption

A swaption (a portmanteau of "swap" and "option") is an option granting its owner the right but not the obligation to enter into an underlying swap on specified terms at a future date. In practice the term is most commonly used for options on interest rate swaps, where the holder has the right to enter into a fixed-for-floating interest rate swap.

Payments & settlement

SWIFT

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium (French: Société Coopérative) and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. It also sells software and services to financial insti

Banking

SWIFT ban against Russian banks

The SWIFT ban against some Russian banks is one of several international sanctions against Russia imposed by the European Union and other western countries as a result of its invasion of Ukraine, aimed at weakening the country's economy to end the invasion by hindering Russian access to the SWIFT financial transaction processing system.