var glossObj = new Array();

glossObj['a'] = [ 
	
	{keyword:'A shares', plural:'', explanation:[ 
	{type:'all', explan:'Domestic shares of Mainland companies denominated and traded in RMB and exclusively by Mainland residents only.'}
	]},
	
	{keyword:'AMS/3 ', plural:'', explanation:[ 
	{type:'all', explan:'The third generation of the Automatic Order Matching and Execution System, the trading system of the cash market in Hong Kong. '}
	]},
	
	{keyword:'Annual general meeting', plural:'', explanation:[ 
	{type:'all', explan:'AGM in abbreviation, a shareholder meeting that is required by law to be held in each financial year.'}
	]},
	
	{keyword:'Arbitrage', plural:'', explanation:[ 
	{type:'all', explan:'An investment strategy to earn profit by capitalising on the price differences of an investment vehicle in two markets.'}
	]},
	
	{keyword:'Ask', plural:'', explanation:[ 
	{type:'all', explan:'The price at which an investment product is to be sold.'}
	]},
	
	{keyword:'At-auction limit orders', plural:'', explanation:[ 
	{type:'all', explan:'An order type that investor expects to be executed at a particular price or better during the pre-opening and closing auction sessions of the Stock Exchange of Hong Kong.'}
	]},
	
	{keyword:'At-auction order', plural:'', explanation:[ 
	{type:'all', explan:'An order type that requires no input of price during the pre-opening and closing auction sessions of the Stock Exchange of Hong Kong.'}
	]},
	
	{keyword:'At-the-money', plural:'', explanation:[ 
	{type:'all', explan:'When the underlying asset price is equal to the exercise price of a call or put warrant/option.'}
	]},
	
	{keyword:'Average return warrant ', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant whose final payout is determined by comparing the average of all the periodic reference prices (which may be higher or lower than the exercise price) with the exercise price. '}
	]}
];
		
glossObj['b'] = [ 
	
	{keyword:'B shares', plural:'', explanation:[ 
	{type:'all', explan:'Domestic shares of Mainland companies denominated in RMB but traded in foreign currency like HK$ or US$ by foreign persons and Mainland residents holding legal foreign currency deposits.'}
	]},
	
	{keyword:'Balanced fund', plural:'', explanation:[ 
	{type:'all', explan:'A type of fund which invests in stocks and bonds.'}
	]},
	
	{keyword:'Bid', plural:'', explanation:[ 
	{type:'all', explan:'The price at which an investment product is to be bought.'}
	]},
	
	{keyword:'Blue chips  ', plural:'', explanation:[ 
	{type:'all', explan:'Stocks of large, well-established companies and are generally of higher market capitalisation and constituents of a market index.'}
	]},
	
	{keyword:'Board lot', plural:'', explanation:[ 
	{type:'all', explan:'The minimum no. or multiples of such no. of shares that a stock can be bought or sold in a stock exchange.'}
	]},
	
	{keyword:'Boiler room', plural:'', explanation:[ 
	{type:'all', explan:'A financial fraud where cold callers adopt high pressure sale techniques to lure investors to buy worthless instruments.'}
	]},
	
	{keyword:'Bond', plural:'Bonds', explanation:[ 
	{type:'all', explan:'A debt instrument that is issued for fund raising purpose by borrowing.'}
	]},
	
	{keyword:'Bonus shares', plural:'', explanation:[ 
	{type:'all', explan:'Shares distributed by a listed company to its shareholders as dividend in proportion to their existing shareholdings.'}
	]},
	
	{keyword:'Book-close date', plural:'', explanation:[ 
	{type:'all', explan:'A specific period when a share registrar stops processing the transfer of shares of a listed company.'}
	]}
];
		
glossObj['c'] = [ 
	
	{keyword:'Call options', plural:'', explanation:[ 
	{type:'all', explan:'Give holders the right to buy a given amount of the underlying asset at a predetermined exercise price within a certain period.'}
	]},
	
	{keyword:'Call warrants', plural:'', explanation:[ 
	{type:'all', explan:'Give holders the right to buy a given amount of the underlying asset at a predetermined exercise price within a certain period.'}
	]},
	
	{keyword:'Callable ', plural:'', explanation:[ 
	{type:'all', explan:'A feature of an investment tool that allows the issuer to repay the principal to a holder before the tool expires.'}
	]},
	
	{keyword:'Capital reorganisation/ restructuring  ', plural:'', explanation:[ 
	{type:'all', explan:'A change in the share capital of a listed company due to share reduction, share consolidation or share split.'}
	]},
	
	{keyword:'Capped call warrant', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant whose profit potential is "limited", i.e. the profit is capped even when the underlying asset price moves beyond a pre-defined cap level.'}
	]},
	
	{keyword:'CBBC', plural:'', explanation:[ 
	{type:'all', explan:'Callable bull bear contracts, a special form of derivatives that tracks the underlying asset on an almost one-to-one basis'}
	]},
	
	{keyword:'CCASS', plural:'', explanation:[ 
	{type:'all', explan:'Central Clearing And Settlement System, the clearing and settlement system of the cash market in Hong Kong.'}
	]},
	
	{keyword:'Circularisation', plural:'', explanation:[ 
	{type:'all', explan:'An exercise in which an auditor asks the clients of a brokerage to confirm the balance of their stock accounts at the brokerage.'}
	]},
	
	{keyword:'Class B funds ', plural:'', explanation:[ 
	{type:'all', explan:'Funds that do not require upfront subscription fee.'}
	]},
	
	{keyword:'Conversion ratio', plural:'', explanation:[ 
	{type:'all', explan:'This refers to the number of units of the underlying asset exchanged when exercising a unit of a warrant. For derivative warrants on stocks, the conversation ratio is normally one (i.e. one warrant for one share) or 0.1 (i.e. 10 warrants for one share).'}
	]},
	
	{keyword:'Corporate action', plural:'Corporate actions', explanation:[ 
	{type:'all', explan:'Corporate actions are events initiated by a listed company that could affect the stock or bond issued by the company. Examples of corporate action include stock splits, dividend announcements and company name change.'}
	]},
	
	{keyword:'Coupon', plural:'', explanation:[ 
	{type:'all', explan:'The interest that a bond issuer pays to its bondholders.'}
	]},
	
	{keyword:'Coupon rate', plural:'', explanation:[ 
	{type:'all', explan:'The rate at which a bond issuer pays interest on the bond\'s principal to its bond holders each year.'}
	]},
	
	{keyword:'Credit risk', plural:'', explanation:[ 
	{type:'all', explan:'The risk that a bond issuer fails to repay the interest and/or principal to its bondholders.'}
	]},
	
	{keyword:'Credit-linked note', plural:'', explanation:[ 
	{type:'all', explan:'A structured product whose returns are linked to the occurrence of credit events in a single or a group of companies.'}
	]},
	
	{keyword:'CSRC', plural:'', explanation:[ 
	{type:'all', explan:'China Securities Regulatory Commission, the securities regulator in Mainland'}
	]},
	
	{keyword:'Current yield', plural:'', explanation:[ 
	{type:'all', explan:'A bond\'s rate of return derived by dividing its annual coupon by current price.'}
	]},
	
	{keyword:'Custodian', plural:'', explanation:[ 
	{type:'all', explan:'A firm that safekeeps the assets of a mutual fund.'}
	]},
	
	{keyword:'Credit support provider', plural:'', explanation:[ 
	{type:'all', explan:'in general means: (i) the issuer in the case of a direct issue; (ii) the guarantor in the case of a guaranteed issue; (iii) the collateral issuer / collateral guarantor and/or swap counterparty / swap guarantor in the case of an issue secured by collateral and/or swap arrangement.'}
	]}
];
		
glossObj['d'] = [ 
	
	{keyword:'Dark pool', plural:'', explanation:[ 
	{type:'all', explan:'Dark pool refers to the crossing of trades off the order book. Brokers sometimes use a dark pool to move a large block of shares for institutional investors without revealing their actions to the open market. Such trades usually involve a mid-point reference price.'}
	]},
	
	{keyword:'Day trading', plural:'', explanation:[ 
	{type:'all', explan:'Buying and selling a stock on the same day to profit from price movements.'}
	]},
	
	{keyword:'Derivative warrants', plural:'', explanation:[ 
	{type:'all', explan:'Warrants issued by financial institutions which can be linked to a single stock, a basket of stocks, an index, a currency, a commodity or a futures contract.'}
	]},
	
	{keyword:'Derivatives', plural:'', explanation:[ 
	{type:'all', explan:'Financial instruments whose value and returns depend on the performance of their underlying asset, such as a stock, an index, a commodity, etc.'}
	]},
	
	{keyword:'Direct business transactions', plural:'', explanation:[ 
	{type:'all', explan:'A trade in which a brokerage acts for both the buyer and seller and does not input the order but "crosses" the trade and reports on the Stock Exchange\'s trading system within 15 minutes.'}
	]},
	
	{keyword:'Dividend accumulator warrant', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant which pays dividends distributed by its underlying stock during its life.'}
	]},
	
	{keyword:'Dual filing', plural:'', explanation:[ 
	{type:'all', explan:'An arrangement where listing applicants and listed companies need to submit their disclosure and documents to both the SFC and the Stock Exchange of Hong Kong. '}
	]}
];
		
glossObj['e'] = [ 
	
	{keyword:'Effective gearing', plural:'', explanation:[ 
	{type:'all', explan:'Measures the expected rate of change in a warrant\'s theoretical price with respect to 1% change in the underlying asset price.'}
	]},
	
	{keyword:'Excess rights shares', plural:'', explanation:[ 
	{type:'all', explan:'Rights shares that are not taken up by other shareholders in a rights issue'}
	]},
	
	{keyword:'Exchange Participant', plural:'', explanation:[ 
	{type:'all', explan:'A brokerage which holds the trading right of the Stock Exchange of Hong Kong or Hong Kong Futures Exchange.'}
	]},
	
	{keyword:'Exchange traded funds', plural:'', explanation:[ 
	{type:'all', explan:'A fund normally tracking a market index and traded on a stock exchange.'}
	]},
	
	{keyword:'Ex-dividend date', plural:'', explanation:[ 
	{type:'all', explan:'Two trading days before the first date of the book close date of a dividend declared by a listed company.'}
	]},
	
	{keyword:'Executive officers', plural:'', explanation:[ 
	{type:'all', explan:'Individuals who oversees the daily operation of registered institutions.'}
	]},
	
	{keyword:'Exercise price', plural:'', explanation:[ 
	{type:'all', explan:'Also called strike price, the predefined price at which a warrant or option holder trades the underlying asset.'}
	]},
	
	{keyword:'Extraordinary general meeting', plural:'', explanation:[ 
	{type:'all', explan:'EGM in abbreviation, a shareholder meeting called by a directors or shareholders holding a certain amount of voting rights in aggregate to discuss a particular resolution.'}
	]}
];
		
glossObj['f'] = [ 
	
	{keyword:'Fair value', plural:'', explanation:[ 
	{type:'all', explan:'The price of a warrant calculated based on a pricing model, e.g. Black Scholes, which takes into account the price and expected volatility of the underlying asset, time to expiry, exercise price, dividends expected to be paid by the underlying share and the prevailing interest rate.'}
	]},
	
	{keyword:'Final payout', plural:'', explanation:[ 
	{type:'all', explan:'The final payout of a locked-in return warrant is determined by averaging the locked-in profits (including zero profits) on all the fixing dates.'}
	]},
	
	{keyword:'Forward pricing', plural:'', explanation:[ 
	{type:'all', explan:'Funds are priced based on the immediately subsequent net asset value.  '}
	]},
	
	{keyword:'Free float', plural:'', explanation:[ 
	{type:'all', explan:'The shares publicly owned and available for trading'}
	]},
	
	{keyword:'Fund of Hedge Funds', plural:'', explanation:[ 
	{type:'all', explan:'A fund that invests in a number of hedge funds.'}
	]},
	
	{keyword:'Fundamental analysis', plural:'', explanation:[ 
	{type:'all', explan:'An analysis method that looks into the financials and operations of a company.  '}
	]},
	
	{keyword:'Futures contract', plural:'', explanation:[ 
	{type:'all', explan:'A futures contract represents a commitment to buy or sell a predefined amount of its underlying asset at a predetermined price on a specified future date.'}
	]}
];
		
glossObj['g'] = [ 
	
	{keyword:'Gearing', plural:'', explanation:[ 
	{type:'all', explan:'Using a low-priced instrument to gain exposure to the price movement of another instrument of a higher value.'}
	]},
	
	{keyword:'Gearing ratios', plural:'', explanation:[ 
	{type:'warrants', explan:'Gearing ratios measure the sensitivity of a warrant price to any change in the underlying asset price.  Simple gearing measures how many times the underlying asset costs more than the warrant you buy. Effective gearing measures the expected rate of change in the theoretical warrant price with respect to a 1% change in the underlying asset price.'}
	]},
	
	{keyword:'General mandate', plural:'', explanation:[ 
	{type:'all', explan:'A resolution to be voted in an annual general meeting that grants the right to a company listed on the SEHK to increase its share capital by up to 20%.'}
	]},
	
	{keyword:'General meetings', plural:'', explanation:[ 
	{type:'all', explan:'Shareholder meetings convened by a listed company annually or for a special purpose.   '}
	]},
	
	{keyword:'Growth Enterprise Market (GEM)', plural:'', explanation:[ 
	{type:'all', explan:'A market under the Stock Exchange of Hong Kong targeting growth companies for listing.'}
	]},
	
	{keyword:'Guaranteed funds', plural:'', explanation:[ 
	{type:'all', explan:'A type of funds that offers fund holders a guaranteed rate of return barring certain pre-determined conditions.'}
	]}
];
		
glossObj['h'] = [ 
	
	{keyword:'H shares', plural:'', explanation:[ 
	{type:'all', explan:'Shares of Mainland-incorporated enterprises which are listed in Hong Kong and denominated in Hong Kong dollar.'}
	]},
	
	{keyword:'Hedging', plural:'', explanation:[ 
	{type:'all', explan:'A defensive strategy to reduce the risk of unfavourable price movements of  a financial instrument by taking an opposite position in another related instrument, usually a derivative like a futures or an options contract.'}
	]},
	
	{keyword:'Hedge funds', plural:'', explanation:[ 
	{type:'all', explan:'Funds that adopt a variety of alternative investment strategies.'}
	]},
	
	{keyword:'HIBOR', plural:'', explanation:[ 
	{type:'all', explan:'Hong Kong Interbank Offer Rate'}
	]},
	
	{keyword:'HKSCC', plural:'', explanation:[ 
	{type:'all', explan:'Hong Kong Securities and Clearing Company Limited, the clearing house of the cash market in Hong Kong.'}
	]},
	
	{keyword:'Hong Kong Monetary Authority', plural:'', explanation:[ 
	{type:'all', explan:'The front-line regulator of banks in Hong Kong'}
	]}
];
		
glossObj['i'] = [ 
	
	{keyword:'Illustration document', plural:'', explanation:[ 
	{type:'all', explan:'The document that indicates the projected amounts of money that an investor can get back at different time periods before the end of the term of an investment-linked assurance scheme (ILAS).'}
	]},
	
	{keyword:'Implied volatility', plural:'', explanation:[ 
	{type:'all', explan:'The volatility of the underlying asset price "implied" by the market price of a warrant, calculated by working backwards through a certain option pricing model from the warrant price.'}
	]},
	
	{keyword:'Index-tracking fund', plural:'', explanation:[ 
	{type:'all', explan:'A fund whose investment return is linked to the performance of a particular index.'}
	]},
	
	{keyword:'INED', plural:'', explanation:[ 
	{type:'all', explan:'Independent non-executive directors'}
	]},
	
	{keyword:'Insider dealing', plural:'', explanation:[ 
	{type:'all', explan:'Transactions in stocks or derivatives conducted based on insider information in order to make profits or avoid losses.'}
	]},
	
	{keyword:'In-the-money', plural:'', explanation:[ 
	{type:'all', explan:'When the underlying asset price is above the exercise price of a call warrant/option or below the exercise price of a put warrant/option.'}
	]},
	
	{keyword:'Intrinsic value', plural:'', explanation:[ 
	{type:'all', explan:'For a call warrant, its intrinsic value is the higher of 0 or (underlying asset price - exercise price).   For a put warrant, it is the higher of 0 or (exercise price - underlying asset price).   '}
	]},
	
	{keyword:'Investment-linked assurance scheme', plural:'', explanation:[ 
	{type:'all', explan:'A life insurance policy that combines with fund investments.'}
	]},
	
	{keyword:'Investor Compensation Company', plural:'', explanation:[ 
	{type:'all', explan:'The company responsible for receiving, assessing and determining claims against Investor Compensation Fund.'}
	]},
	
	{keyword:'Investor Compensation Fund', plural:'', explanation:[ 
	{type:'all', explan:'The fund established for compensating investors for their losses in their investment in products traded on Hong Kong Exchanges and Clearing due to broker default.'}
	]},
	
	{keyword:'Investor Participant account', plural:'', explanation:[ 
	{type:'all', explan:'An account opened in an investor\'s own name at CCASS to keep his own shares. '}
	]}
];
		
glossObj['l'] = [ 
	
	{keyword:'Leverage', plural:'', explanation:[ 
	{type:'all', explan:'Using a low-priced instrument to gain exposure to the price movement of another instrument of a higher value.'}
	]},
	
	{keyword:'Licensed corporations', plural:'', explanation:[ 
	{type:'all', explan:'Companies that hold SFC licences for conducting regulated activities in Hong Kong.'}
	]},
	
	{keyword:'Limit order', plural:'', explanation:[ 
	{type:'all', explan:'An order type to buy/sell a security at a specified or a better price.'}
	]},
	
	{keyword:'Liquidity provider', plural:'', explanation:[ 
	{type:'all', explan:'The designated brokerage responsible for providing liquidity for a derivative warrant by either responding to quote requests or inputting quotes continuously.  '}
	]},
	
	{keyword:'Listing document', plural:'', explanation:[ 
	{type:'all', explan:'There are two types of listing documents for derivative warrants. The base listing document sets out the background and financial strength of the issuer or the guarantor (if there is one).  The supplemental listing document carries specific information about a derivative warrant\'s features and terms. '}
	]},
	
	{keyword:'Locked-in return warrant', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant that locks in the profits on periodic fixing dates when the warrant is in-the-money.  Zero profits are locked in when the warrant is at-the-money or out-of-the-money.'}
	]}
];
		
glossObj['m'] = [ 
	
	{keyword:'Mainboard', plural:'', explanation:[ 
	{type:'all', explan:'A market under the Stock Exchange of Hong Kong that targets established companies for listing.'}
	]},
	
	{keyword:'Margin call', plural:'', explanation:[ 
	{type:'all', explan:'A demand to a margin account holder to deposit cash or securities when the account holder\'s equity in a margin account falls below the maintenance requirement set by a brokerage.'}
	]},
	
	{keyword:'Market order', plural:'', explanation:[ 
	{type:'all', explan:'An order type to buy/sell a security at the current market price.'}
	]},
	
	{keyword:'Maturity knock-in warrant', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant that has a "knock-in price" in addition to the exercise price.  It will gain a profit only if it is in-the-money with respect to the "knock-in price", but the amount of the profit is determined by reference to the exercise price instead of the "knock-in" price.'}
	]},
	
	{keyword:'Mutual fund', plural:'', explanation:[ 
	{type:'all', explan:'A collective investment scheme that is established as a limited liability company.  '}
	]}
];
		
glossObj['n'] = [ 
	
	{keyword:'NAV', plural:'', explanation:[ 
	{type:'all', explan:'Net asset value, which is equal to the total assets value minus liabilities of a fund and then divided by the number of units of a fund.'}
	]},
	
	{keyword:'NED', plural:'', explanation:[ 
	{type:'all', explan:'Non-executive directors'}
	]},
	
	{keyword:'Non-registered shareholder', plural:'', explanation:[ 
	{type:'all', explan:'A shareholder whose shares are usually held through a brokerage or bank and the shares are normally registered in the name of nominee.'}
	]}
];
		
glossObj['o'] = [ 
	
	{keyword:'Option', plural:'', explanation:[ 
	{type:'all', explan:'An option is a contract that gives the buyer the right, but not the obligation, to buy or sell a predetermined quantity of the specified underlying asset at a particular price in the future.  '}
	]},
	
	{keyword:'OTC market', plural:'', explanation:[ 
	{type:'all', explan:'Over-the-counter market'}
	]},
	
	{keyword:'Out-of-the-money', plural:'', explanation:[ 
	{type:'all', explan:'When the underlying asset price is below the exercise price of a call warrant/option or above the exercise price of a put warrant/option.'}
	]},
	
	{keyword:'Offering documents', plural:'', explanation:[ 
	{type:'funds', explan:'Document that lists out the investment objectives, asset mix and trading mechanism of a fund. '},
	{type:'structured', explan:'Document that lists out the features and risks, trading mechanism of a structured product.'}
	]}
];
		
glossObj['p'] = [ 
	
	{keyword:'P/E ratio', plural:'', explanation:[ 
	{type:'all', explan:'Share price divided by the earning per shares of a stock.'}
	]},
	
	{keyword:'Par value', plural:'', explanation:[ 
	{type:'all', explan:'The value shown on the face of a stock, bond, note which is set by the issuer'}
	]},
	
	{keyword:'Penny stocks', plural:'', explanation:[ 
	{type:'all', explan:'Stocks of lower price'}
	]},
	
	{keyword:'Periodic cash settlement amount', plural:'', explanation:[ 
	{type:'all', explan:'This is the profit locked-in by comparing the periodic reference price with the exercise price of a locked-in return warrant on each fixing date.'}
	]},
	
	{keyword:'Periodic reference price', plural:'', explanation:[ 
	{type:'all', explan:'It refers to the average of the closing prices of the underlying (usually a stock) on the five trading days immediately before the fixing date.'}
	]},
	
	{keyword:'Placees', plural:'', explanation:[ 
	{type:'all', explan:'Persons to whom new shares are issued in a placing.  '}
	]},
	
	{keyword:'Placing ', plural:'', explanation:[ 
	{type:'all', explan:'A fund raising method where shares of a listed company are issued to selected persons.  '}
	]},
	
	{keyword:'Pooling risk   ', plural:'', explanation:[ 
	{type:'all', explan:'A broker firm may re-pledge margin clients\' stocks to its banker for loan facilities. If a broker firm is in financial difficulties, the bank may sell the re-pledged stocks to pay off the loans.  In such a case, a margin client may not be able to get back all his shares. This is known as pooling risk.'}
	]},
	
	{keyword:'Principal', plural:'', explanation:[ 
	{type:'all', explan:'The par or face value of a bond '}
	]},
	
	{keyword:'Principle brochure', plural:'', explanation:[ 
	{type:'all', explan:'The document that explains the objectives of the fund options available under  investment-linked assurance scheme (ILAS), return calculations, etc.'}
	]},
	
	{keyword:'Privatisation', plural:'', explanation:[ 
	{type:'all', explan:'A listed company withdraws its listing on a stock exchange.'}
	]},
	
	{keyword:'Put options', plural:'', explanation:[ 
	{type:'all', explan:'Give holders the right to sell a given amount of the underlying asset at a predetermined exercise price within a certain period.'}
	]},
	
	{keyword:'Put warrants', plural:'', explanation:[ 
	{type:'all', explan:'Give holders the right to sell a given amount of the underlying asset at a predetermined exercise price within a certain period.'}
	]},
	
	{keyword:'Prospectus', plural:'', explanation:[ 
	{type:'stocks', explan:'Document that provides details of an imminent offer of shares or bonds by a company.'},
	{type:'funds', explan:'Also called offering document, which lists out the investment objectives, asset mix and trading mechanism of a fund. '}
	]},
	
	{keyword:'Premium', plural:'', explanation:[ 
	{type:'warrants', explan:'The percentage by which a warrant price exceeds its intrinsic value. Normally expressed as a percentage of the underlying asset price'},
	{type:'options', explan:'The price of an option contract'},
	{type:'funds', explan:'A futures contract is at a premium if the contract\'s going price is higher than that of the underlying asset.'}
	]}
];
		
glossObj['r'] = [ 
	
	{keyword:'Real estate investment trusts ', plural:'', explanation:[ 
	{type:'all', explan:'Called REIT in abbreviation, a fund that invests in a portfolio of income-generating real estates.'}
	]},
	
	{keyword:'Red chips', plural:'', explanation:[ 
	{type:'all', explan:'Shares of companies incorporated outside Mainland but their business, assets, markets and ownership have a strong Mainland orientation.'}
	]},
	
	{keyword:'Registered institutions', plural:'', explanation:[ 
	{type:'all', explan:'Banks registered with the SFC for conducting regulated activities in Hong Kong'}
	]},
	
	{keyword:'Registered shareholder', plural:'', explanation:[ 
	{type:'all', explan:'A shareholder of a company whose shares are registered in his own name'}
	]},
	
	{keyword:'Registrar', plural:'', explanation:[ 
	{type:'all', explan:'A private company that updates the share register of a listed company.'}
	]},
	
	{keyword:'Reinvestment risk', plural:'', explanation:[ 
	{type:'all', explan:'The risk that a bond holder will get lesser return when he re-invests the proceeds from a callable bond being called by the issuer'}
	]},
	
	{keyword:'Relevant individuals', plural:'', explanation:[ 
	{type:'all', explan:'Bank staff who can perform regulated activities defined under Securities and Futures Ordinance'}
	]},
	
	{keyword:'Responsible officers ', plural:'', explanation:[ 
	{type:'all', explan:'Individuals who oversees the daily operation of an SFC-licensed corporation'}
	]},
	
	{keyword:'Right issues', plural:'', explanation:[ 
	{type:'all', explan:'A rights issue allows existing shareholders to subscribe for new shares in proportion of their existing shareholding by exercising the rights allotted to them.'}
	]}
];
		
glossObj['s'] = [ 
	
	{keyword:'Second/ third liner stocks ', plural:'', explanation:[ 
	{type:'all', explan:'Stocks of relatively smaller listed companies and are generally of lower market capitalisation.'}
	]},
	
	{keyword:'Settlement instruction', plural:'', explanation:[ 
	{type:'all', explan:'An instruction to CCASS where an investor can transfer his stockholding from one broker\'s account at CCASS to another broker\'s account at CCASS without involving physical scrip.'}
	]},
	
	{keyword:'Share consolidation', plural:'', explanation:[ 
	{type:'all', explan:'A number of existing shares is combined to become a new share.  '}
	]},
	
	{keyword:'Share splits', plural:'', explanation:[ 
	{type:'all', explan:'Also called share subdivision in which an existing share is divided into a number of new shares.'}
	]},
	
	{keyword:'Sharpe ratio', plural:'', explanation:[ 
	{type:'all', explan:'A risk-adjusted return indicator defined as the annual return of an investment tool divided by its annualised standard deviation.'}
	]},
	
	{keyword:'Short selling', plural:'', explanation:[ 
	{type:'all', explan:'A trading strategy by which an investor attempts to gain profits by first selling a security that he borrows from a brokerage/third party and then buying it back at a lower price.  '}
	]},
	
	{keyword:'Sortino ratio ', plural:'', explanation:[ 
	{type:'all', explan:'A risk-adjusted return indicator defined as the annual return of an investment tool divided by its downside deviation of its return.'}
	]},
	
	{keyword:'Special general meeting', plural:'', explanation:[ 
	{type:'all', explan:'SGM in abbreviation, a shareholder meeting called by a directors or shareholders holding a certain amount of voting rights in aggregate to discuss a particular resolution. '}
	]},
	
	{keyword:'Sponsor', plural:'Sponsors', explanation:[ 
	{type:'all', explan:'A company that conducts due diligence and facilitates a company to list on the Stock Exchange of Hong Kong.   '}
	]},
	
	{keyword:'Spread', plural:'', explanation:[ 
	{type:'all', explan:'The difference between bid and offer quotes.'}
	]},
	
	{keyword:'Stock Segregated Account', plural:'', explanation:[ 
	{type:'all', explan:'A sub-account under a broker\'s account at CCASS to keep the stocks of a designated client only '}
	]},
	
	{keyword:'Stop order', plural:'', explanation:[ 
	{type:'all', explan:'An order type to buy a price above or sell at a price below a specified price'}
	]},
	
	{keyword:'Straddle warrant', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant which combines a call warrant and a put warrant with the same underlying asset, exercise price and expiry date. It is suitable for those investors who anticipate a significant upward or downward movement in the underlying asset price. '}
	]},
	
	{keyword:'Strike price', plural:'', explanation:[ 
	{type:'all', explan:'Also called exercise price, the predefined price at which a warrant or an option holder trades the underlying asset.'}
	]},
	
	{keyword:'Subscription warrants', plural:'', explanation:[ 
	{type:'all', explan:'Warrants issued by a listed company, giving holders the rights to buy the underlying shares of the company.'}
	]},
	
	{keyword:'Suspension', plural:'', explanation:[ 
	{type:'all', explan:'Trading in the shares of a listed company is stopped.'}
	]},
	
	{keyword:'Structured products', plural:'', explanation:[ 
	{type:'all', explan:'Synthetic products whose returns are linked with their underlying assets.'}
	]}
];
		
glossObj['t'] = [ 
	
	{keyword:'Takeover', plural:'', explanation:[ 
	{type:'all', explan:'Take control over a corporation by another corporation, through acquisition or merger.'}
	]},
	
	{keyword:'Technical analysis', plural:'', explanation:[ 
	{type:'all', explan:'An analysis method that uses chartings on price, volume to predict future price movement of an investment tool. '}
	]},
	
	{keyword:'The number of that warrant outstanding in the market', plural:'', explanation:[ 
	{type:'all', explan:'Total number of units issued minus amount held by issuer and its group companies.'}
	]},
	
	{keyword:'Time value ', plural:'', explanation:[ 
	{type:'all', explan:'The amount the price of a warrant exceeds its intrinsic value.  For a call warrant, its intrinsic value is the higher of 0 or (underlying asset price - exercise price).   For a put warrant, it is the higher of 0 or (exercise price - underlying asset price).   '}
	]},
	
	{keyword:'Top-up placing', plural:'', explanation:[ 
	{type:'all', explan:'A fund raising method where existing major shareholders first place their shares to independent persons and then subscribe for the new shares issued by a listed company'}
	]},
	
	{keyword:'Trustee', plural:'', explanation:[ 
	{type:'all', explan:'A company safekeeps the assets of a unit trust.  '}
	]}
];
		
glossObj['u'] = [ 
	
	{keyword:'UCITS III', plural:'', explanation:[ 
	{type:'all', explan:'EU Commission regulations which govern funds domiciled in the EU member states.  They allow investments in financial derivative instruments (FDIs).'}
	]},
	
	{keyword:'Unauthorised fund', plural:'', explanation:[ 
	{type:'all', explan:'A fund that has not been authorised by the SFC.'}
	]},
	
	{keyword:'Unit trust', plural:'', explanation:[ 
	{type:'all', explan:'A collective investment scheme operates under a trust system.'}
	]},
	
	{keyword:'unlisted retail structured products', plural:'', explanation:[ 
	{type:'all', explan:'Unlisted retail structured products include equity-linked deposits, equity-linked notes, equity-linked investments, credit-linked notes, fund-linked notes, commodity-linked notes and index-linked notes.'}
	]}
];
		
glossObj['v'] = [ 
	
	{keyword:'Volatility', plural:'', explanation:[ 
	{type:'all', explan:'An indicator of the extent of the price fluctuation of a financial instrument, usually expressed by the annualised standard deviation of the daily price change.  A high volatility indicates that the instrument\'s price moves up and down by a large extent over a period of time.  '}
	]},
	
	{keyword:'Voting by poll', plural:'', explanation:[ 
	{type:'all', explan:'A voting method where the number of votes a shareholder has is equal to the number of shares he holds.'}
	]},
	
	{keyword:'Voting on a show of hands', plural:'', explanation:[ 
	{type:'all', explan:'A voting method where each shareholder attending a general meeting has one vote only.'}
	]}
];
		
glossObj['w'] = [ 
	
	{keyword:'Warrants', plural:'', explanation:[ 
	{type:'all', explan:'An instrument that gives investors the right, but not the obligation, to buy or sell the underlying asset, usually a stock, at a pre-set price on or before a specified date.'}
	]},
	
	{keyword:'Window barrier warrant', plural:'', explanation:[ 
	{type:'all', explan:'An exotic warrant that will cease trading and pay the holders a fixed rebate if it is "knocked" out during a predefined "window period" by reference to a pre-set "barrier price" (i.e. For a window barrier call warrant, the closing price of the underlying asset is equal to or lower than the barrier price on any trading day during the window period.  For a window barrier put warrant, the closing price of the underlying asset is equal to or higher than the barrier price on any trading day during the window period.).  '}
	]}
];
		
glossObj['y'] = [ 
	
	{keyword:'Yield to call', plural:'', explanation:[ 
	{type:'all', explan:'A callable bond\'s rate of return derived by dividing the total coupon and principal to be received before the bond is called by its current price.'}
	]},
	
	{keyword:'Yield to maturity', plural:'', explanation:[ 
	{type:'all', explan:'A bond\'s rate of return derived by dividing the total coupon and principal an investor receives for holding the bond until its maturity by the bond\'s current price.'}
	]}
];