Glossary: H

These are common terms used in the financial services industry

Hawk, hawkish

An economic policy advisor who favours relatively higher interest rates to keep inflation under control or curb rapid economic growth. See also Dove.


A way of reducing the risk of losses that may occur if interest rates, share prices or foreign exchange rates move in the wrong direction. This usually involves the use of CFD or futures contracts.


The highest price at which a security has traded during the day

Holder Identification Number (HIN)

Number identifying registration on the CHESS subregister.

Holding costs

Positions that are held open past 17:00 New York time will incur holding costs. These holding costs will be calculated based on the total size of the position. Also see Financing costs.

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