Glossary
		
			
		
		
		
			Hardship variation
		  	A change to the terms of a loan, due to financial hardship, to make the loan easier to manage. The variation could give you more time to pay, or temporarily pause or reduce repayments.
          		       					
		 
			
		
		
		
			Hedge
		  	Transaction which partly or totally offsets the risk of a current holding.
          		       					
		 
			
		
		
		
			Hedge fund
		  	A fund that pools capital from a number of investors and invests in shares and other securities. It aims to achieve positive returns in both rising and falling markets, while using strategies to reduce the chance of loss. Often uses complex strategies including short selling, derivative contracts, leverage and arbitrage.
          		       					
		 
			
		
		
		
			high wealth private groups
		  	ATO term -  A private business group that controls net wealth of $50 million or more.
          		       					
		 
			
		
		
		
			Historic volatility
		  	Annualised standard deviation of daily changes in the price of the asset underlying a futures, options or warrant contract.
          		       					
		 
			
		
		
		
			Holder identification number (HIN)
		  	Number identifying registration on the CHESS subregister.
          		       					
		 
			
		
		
		
			Holding lock
		  	Facility that prevents securities from being deducted from, or entered into, a holding pursuant to a Transfer or Conversion.
          		       					
		 
			
		
		
		
			Home reversion
		  	Allows you to sell a proportion of the future value of your home while you live there. You get a lump sum, and keep the remaining proportion of your home equity. When you sell your home, you pay the home reversion provider their share of the proceeds.
          		       					
		 
			
		
		
		
			Honeymoon or introductory interest rate
		  	An interest rate offered for a short time at the start of a loan, credit card or savings account. For a loan it is a lower interest rate that will eventually revert back to a standard rate. For savings accounts it is a higher rate that will revert back to a standard deposit interest rate after the honeymoon period.
          		       					
		 
			
		
		
		
			HOT or High yield instalments
		  	Instalments containing a high gearing level (usually between 70% to 110%).
          		       					
		 
			
		
		
		
			Hybrid ETFs
		  	Exchange Traded Fund (ETF) that can either be based on an index or be actively managed.
          		       					
		 
			
		
		
		
			Hybrid security
		  	A financial product that combines features of debt and equity securities and generally pays a fixed or floating rate of return until a specified date. In some cases they can be converted into shares in the issuing company. Includes convertible notes, preference shares and capital notes. 
          		       					
		 
			
		
		
		
			Hybrids
		  	Preference share which is a type of interest rate security.