E day
Exercise day
EAOSEF
East Asian and Oceanian Stock Exchanges Federation
Earnings per share
Measures the earnings that are attributed to each equivalent ordinary share over a twelve month period. It is calculated by dividing the company’s earnings
by the number of shares on issue.
EAS price
estimated average settlement price
EASDAQ
European Association of Securities Dealers Automated Quotations
EBRD
European Bank of Reconstruction and Development
ECN
electronic communications network
Economic value added
For a company, after-tax earnings minus the opportunity
cost of capital. As with any other entity, economic value added essentially measures how much more valuable a company has become during a given time period.
EDGAR
Electronic Data Gathering, Analysis and Retrieval 【US】
EERI
Effective Exchange Rate Index for the Hong Kong Dollar
EFIL
Exchange Fund Investment Limited
EFN
Exchange Fund Note
EGM
Extraordinary General Meeting
EIPO
Electronic Initial Public Offering service
eIRC
Electronic Investor Resources Centre【SFC】
ELI
Equity Linked Instrument
ELN
equity linked note
EMSIS
Electronic Mailing Stock Information Service
EMU
European Economic and Monetary Union
EPI
Electronic Payment Instruction
EPS
See earnings per share.
Equities
In share market terms, equities is a synonym for shares and represent part-ownership of a company, as distinct from debt securities such as bonds and debentures. From a business perspective, equities represent the total interests of parties in the assets of that business entity. Lenders and creditors have a‘specific entity’, and owners have‘residual’ equity.
ESS
Electronic Submission System
ETF
See Exchange Traded Fund
European exercise/European style
A type of option or warrant which allows the holder to exercise only on the expiry date.
EVA
Economic value added.
Exchange Traded Fund
Open ended listed investment fund, that combines some of the characteristics of shares and managed funds.
Ex-dividend
Shares sold ex-dividend entitle the seller to retain the current dividend. Shares are usually quoted ex-dividend five business days before the company’s books close.
Exercise price
The price at which the taker of an option may buy/sell the underlying securities. Also known as the strike price.
Expiry/expiry date/expiration
The date on which all unexercised options or warrants in a particular series expire.
Ex-rights
Securities quoted ex-rights entitle the seller to retain the right to participate in a New Issue.