ROC

ROC is an abbreviation for renewables obligation certificate

Retrocession

Retrocession refers to reinsuring the reinsurer. Insurance companies set off some of the risk that they take on through reinsurance. Reinsurance companies do the same thing with retrocession. The bar for retrocession to kick in is set pretty high – catching only the worst-case losses.

Andesitic Rock

Andesitic rock is a fine-grained type of rock formed when lava cools rapidly in air.

Price Discovery

Price discovery is the overall process of setting the price of an asset. The process of price discovery looks at a number of tangible and intangible factors, including supply and demand, investor risk attitudes, and the overall economic and geopolitical environment.

Transformer model – artificial intelligence – AI

Transformer models or Transformers (launched by Google in 2017) are a type of neural network primarily used for natural language processing tasks. The model can weigh the importance of different parts of the input (by applying a set of mathematical techniques called self-attention) and allows for massive parallel processing. Unlike other models, transformers can handle […]

Steam Methane Reforming

In steam-methane reforming, methane reacts with steam under 3–25 bar pressure (1 bar = 14.5 psi) in the presence of a catalyst to produce hydrogen, carbon monoxide, and a relatively small amount of carbon dioxide. Steam reforming is endothermic—that is, heat must be supplied to the process for the reaction to proceed.

Amortising

Amortising is the process whereby a loan is paid off gradually by making additional payments to the lender in addition to interest payments. Loans can amortise to zero or amortise to a balloon payment.

SFDR

SFDR is an acronym for Sustainable Finance Disclosure Regulation. This is an EU regulation aimed at making it easier for investors to distinguish between funds’ ESG characteristics. Funds mindful of ESG issues are likely to adopt one of three different product categories: Article 6 Funds that integrate ESG risk considerations into their investment decision-making processes, […]

Hyperscaler

A hyperscaler is a data processing business that can very quickly scale up or down the volume of data it is processing. Hyperscale computing is a responsive method of processing data that adjusts to volumes of data traffic. Hyperscalers use this computing method to manage data centres and cloud computing infrastructure.

TCFD

TCFD is an acronym for the Taskforce on Climate-related Financial Disclosures. The Financial Stability Board established the TCFD to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and, in turn, enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the […]

Private Finance Initiative or PFI

The private finance initiative (PFI) is a United Kingdom government procurement policy. Its aim was to create “public–private partnerships” (PPP) to deliver public sector infrastructure and/or services according to a specification defined by the public sector. The PFI/PPP model allowed private firms are contracted to complete and manage public projects.

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ROC