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Vintage is name for a mortgage backed security that has aged for around 30 years. It can be described as a security with less prepayment and default risk for a trader.

 

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MSCI World (Morgan Stanley Capital International World Index) – market index that reflects the situation in the world markets. It consists of the shares of 1649 companies from all over the world. It has all of the developed countries’ stocks inside of it.

 

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LIBOR is a benchmark rate at which the bank may give loans to international interbank markets. LIBOR is an average value of the interest-rate which is calculated from estimates submitted by the top global banks daily. 

 

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Choppy market is the name for the market conditions where the prices for the assets swing up and down considerably. The period of time for the swings can be either short or extended.

 

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