Financial Spread Betting Words: D-E

Daily bet - Most spread bets are traded on a quarterly cycle, March-June-September-December. A daily bet is a spread bet that expires at the close of that day and is normally used by a spread betting client who expects to be in and out of the product that day. A daily bet can also be rolled over into the following day's daily bet with ease. Click here for examples of Daily Bets

Dax 30 - The main German stockmarket index. Further details on the German DAX Click Here

Deposit Factor - See Initial Margin

Derivative - Something that gets (derives) its value from something else. For example, the price of the Barclays spread bet market is derived from the price of Barclays shares in the cash market. A spread bet is therefore a derivative contract

Discount - If the price of a spread bet is lower than the cash market price of the product, the spread bet is deemed to be trading at a discount

Dividend - A share of a company's earnings paid to each shareholder. Typically, dividends are paid bi-annually and are determined by the company's board of directors. Dividends are not paid on spread bets but are taken into account in the pricing of the spread bet market

Down-Bet - Another way to describe a short position or a position which will make money in a falling market. See short selling

ETFs - Exchange Traded Funds are shares on different sectors within the stockmarket. A spread betting client can either trade a spread bet on the ETF share or a sector bet. Sector bets are generally viewed as the trading vehicle in the UK market because UK ETFs of the LSE have little or no liquidity. For further information see Sector Bets - Click Here

Euribor - 3 month European interest rates, known also as 3 month money or short rates. Click Here for more information on interest rate bets

EuroSwiss - 3 month Swiss interest rates, known also as 3 month money or short rates. Click Here for more information on interest rate bets

Euro - European currency

Eurodollar - 3 month US interest rates, known as 3 month money or short rates. Not to be confused with the Euro against the Dollar exchange rate. Click Here for more information on interest rate bets

EuroStoxx 50 - 50 largest European stocks, denominated in Euros. London, Swedish and Swiss stocks are therefore not included. Click here for EuroStoxx spread betting

Expiry - The date at which a spread bet expires. If trading the March FTSE then this expires on a certain day in March. Different products have different days of expiry so spread betters must check and be aware of these dates beforehand. If a spread betting client has a position in an about to expire contract he can either cover it, let it expire into cash or roll it over into next month. For more information on the rollover and expiry Click Here