FICC (FixedincomeCurrencies&Commodities), translated as fixed income securities, currencies and commodity futures.

The collective name for fixed income, foreign exchange and commodities business (Fixed Income Currencies & Commodities)

Fixed Income Department

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Phrases:

1. FICC DAY? Financial Intelligence China Day

2. FICC Union? Financial Intelligence Credit Business Alliance

Extended information:

1. Located in Tokyo, Japan, FICC provides creative solutions for many international brands and corporations around the world.

Tokyo, Japan, FICC provides creative solutions for many international brands and companies around the world.

2. In absolute terms, any shrinkage is likely to hit Goldman, the market leader in FICC, unless it can continue to grow its ?share?beyond?the current?14%?level.?

In absolute terms, any market contraction will occur unless FICC market leader Goldman Sachs' business accounts for more than the current 14% level. It is a fatal blow to Goldman Sachs.

Main Purpose

Fixed income securities can provide a fixed amount or a cash flow calculated based on a fixed formula. For example, the issuer of a corporate bond will promise to pay bondholders a fixed amount of interest each year. Other so-called floating-revenue bonds promise to pay interest based on prevailing market rates.

For example, a bond may pay interest at an interest rate that is two percentage points higher than the U.S. Treasury bill rate. Unless the borrower is declared bankrupt, income payments from such securities will be based on a certain amount or formula, so investment income from fixed-income securities is minimally related to the financial condition of the bond issuer.

However, the maturities and payment terms of fixed income securities vary. At one extreme, money markets trade short-term, highly liquid, and often very low-risk fixed income securities. Examples of money market securities include U.S. Federal Treasury bills and bank certificates of deposit.

In contrast, the capital markets for fixed income securities trade long-term bonds, such as federal bonds and long-term bonds issued by federal agencies, states, municipalities, corporations, etc. Some of these bonds are very safe, with minimal risk of default (such as federal bonds), while others are relatively risky (such as high-yield bonds or junk bonds). The bonds also vary greatly in terms of interest payments to investors and protections provided to investors in the event of the issuer's bankruptcy.

Youdao Dictionary-FICC

Baidu Encyclopedia-Fixed Income Securities