ICC - International Chamber of Commerce, Paris, France. The institution that issues the rules governing Demand Guarantees, including SLC’s. The International Chamber of Commerce has no affiliation with the local Chamber of Commerce offices.
Insider Dealing - A criminal offense involving the purchase or sale of shares by someone who possesses inside information about a company's performance and prospects which is not yet available to the market as a whole, and which, if available, might affect the share price.
Interbank Rate of Exchange - The rate at which banks deal with each other in the market.
Interest Rate Swap - A transaction in which two counter parties exchange interest payment streams of differing character based on an underlying notional principal amount. The three main types are coupon swaps (fixed rate to floating rate in the same currency), basis swaps (one floating rate index to another floating rate index in the same currency) and cross-currency interest rate swaps (fixed rate in one currency to floating rate in another).
International Business Company (IBC) - A term used to define a variety of offshore corporate structures. Common to all IBC's are the dedication to business use outside the incorporating jurisdiction, rapid formation, secrecy, broad powers, low cost, low to zero taxation and minimal filing and reporting requirements. An increasing number of offshore jurisdictions are permitting the use of nominee shareholders, directors and officers.
Investment Trust - A company whose sole business consists of buying, selling and holding shares.