TRADABLE POLLUTION PERMITS

Rights to sell and buy actual or potential pollution in artificially created markets. See also economic instruments.

TRADE REPOSITORY

Trade repositories collect and maintain records of derivatives trades, with the aim of helping regulators monitor the build-up of systemic risk. In 2009 in Pittsburgh, Group of 20 leaders agreed that all standardised over-the-counter derivatives should be reported to trade repositories. In the European Union, all buyers and sellers must report all derivatives deals – […]

TRADE WINDS

A system of easterly winds that dominate most of the tropics. A major component of the general circulation of the atmosphere.

TRADE-OFF

In a system of interrelated inputs and outputs, a trade-off refers to the procedure whereby changing one output can change other outputs. Often, but not always, as one increases one output, another decreases. Hence, you trade one for the other.

TRADER/BROKER/RETAILER

Organization or individual that transfers and manages FMUs in the Reserve software but does not develop its own projects. The trader/broker/retailer holds legal title and all beneficial ownership rights to the FMUs in its account or, with respect to FMUs that will be retired in a Group Retirement Subaccount, the trader/broker/retailer must be granted the […]

TRADING BOOK

A financial institution’s trading book comprises assets intended for active trading. These can include equities, debt, commodities, foreign exchange, derivatives and other financial contracts. The portfolio of financial instruments in the trading book may be resold to benefit from short-term price fluctuations, used for hedging or traded to fulfil the firm’s or clients’ needs. The […]

TRADITIONAL KNOWLEDGE

Traditional knowledge, also known as local knowledge or indigenous knowledge, refers to collective ways of knowing that are deeply embedded in cultural traditions of a community or a region. Traditional knowledge draws on a depth of tacit skills, experiences and sensibilities that are passed down in oral traditions and practice-led guidance from generation to generation. […]

TRAINING

The development of skills pertaining to the application of and knowledge on risk policies and practices relevant to the board, employee, and stakeholder’s role or position