Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• glossary

Option Contract giving the buyer the right (but not the obligation), to purchase or sell a security at a future date, at a price

fixed when the option is written (exercise price), in exchange for a premium paid when the option is purchased.

Options to purchase a security are known as calls and options to sell a security are known as puts.

OPV (Offre Publique de Vente) French acronym for a public offering of securities at a set price.

ORA (Obligation

Remboursable en Actions)

ORSE - Observatoire sur la

Responsabilité Sociale des

Entreprises (Study Centre for

Corporate Social Responsibility)

French acronym for equity notes, representing bonds redeemable for shares.

A non-profit association created in June 2002 by some 30 major French corporations, portfolio management

firms, trade unions, personal risk and mutual health institutions. The purpose of the association is to collect and

analyse information concerning corporate social responsibility and socially responsible investment in France and

other countries, circulate this information among its members, set a movement in motion by initiating and coordinating

a network of players involved in the field of corporate social responsibility, identify best practices that exist in

countries close to France, and foster the exchange of ideas, particularly through working groups bringing together

corporate representatives, supported by experts, academics and trade unionists.

P/E Price/Earnings ratio. Ratio between the share price and earnings per share. The P/E serves to determine the

multiple of earnings per share represented by the share price.

Par value The par value of a share is the portion of capital represented by the share.

225

GLOSSARY

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