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KNOWLEDGE BASE

Grain Glossary

Get an overview of financial terms and their definitions.

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  • S

    < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z S Sharpe Ratio The Sharpe ratio is a measure of risk-adjusted return, which compares the expected returns of an investment to the risk it carries. It is calculated by dividing the expected excess return (the return of the investment minus the risk-free rate) by the standard deviation of returns. A higher Sharpe ratio indicates a better risk-to-return tradeoff. Short In finance, the term "short" refers to the selling of a security or other financial instrument that the seller does not own. This is also known as "short selling" or "going short." Short selling is typically done in anticipation of a decline in the price of the security or instrument. The seller borrows the security from someone else, sells it on the market, and then buys it back at a later time (hopefully at a lower price) in order to return it to the lender. If the price of the security does indeed decline, the seller can profit by buying it back at a lower price than they sold it for. If the price goes up instead, the seller incurs a loss. S&P 500 Standard & Poor's 500 (S&P 500) is a stock market index containing 500 large publicly traded companies in the United States. It is widely considered a leading indicator of U.S. stock market performance. The companies in the S&P 500 are chosen by Standard & Poor's (S&P), a financial services company, based on their market size, liquidity, and industry group representation. The index is weighted by market capitalization, which means that the larger companies have a greater influence on the index's performance. The S&P 500 is typically used as a benchmark for the performance of actively managed large-cap mutual funds and exchange-traded funds (ETFs). The Secured Overnight Financing Rate (SOFR) The Secured Overnight Financing Rate (SOFR) is a benchmark interest rate for the U.S. dollar overnight lending market. It is calculated and published by the Federal Reserve Bank of New York (FRBNY) based on the interest rates at which banks lend overnight funds to each other using U.S. Treasury securities as collateral. Speculator Speculators buy and sell financial instruments to profit from changes in the price of the underlying asset. In order to achieve higher returns, speculators often take on greater risks than traditional investors. Speculators can trade a wide variety of financial instruments, including stocks, bonds, currencies, commodities, and derivatives. Supply Chain Supply chains refer to the flow of goods, services, and information from the raw material suppliers to the customer's final product. It involves all activities involved in the sourcing, procurement, production, and delivery of a product or service, as well as the coordination and collaboration of all parties involved, including suppliers, manufacturers, distributors, and customers. A successful supply chain delivers the right product, at the right time, in the right quantity, and at the lowest price. Swaption A swaption is a financial derivative that gives the holder the right, but not the obligation, to enter into an interest rate swap at a later date. An interest rate swap is a financial instrument that allows two parties to exchange a stream of fixed-rate payments for a stream of floating-rate payments, or vice versa. Spot Rate Spot rates are the current market prices at which financial instruments, such as currencies, commodities, and securities, can be bought or sold for immediate delivery. Spot rates are affected by market forces, such as supply and demand, and are commonly used as benchmarks for forward, futures, and options contracts. The spot rate can be quoted in either direct or indirect terms, depending on the conventions of the market in which the instrument is traded. Straddle The straddle strategy involves simultaneously purchasing a put option and a call option for the underlying security with the same strike price and expiration date. When the price of the security rises or falls from the strike price by more than the total premium paid, a trader will profit from a long straddle. As long as the underlying security's price moves sharply, the profit potential is virtually unlimited. < PREVIOUS NEXT >

  • K

    < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z K Knock-in Option A knock-in option is a type of option that becomes active or "knocks in" to the market only when the price of the underlying asset reaches a predetermined trigger price. Until the trigger price is reached, the option remains dormant and has no value. Knock out Option A knock-out option is a type of option that becomes inactive or "knocks out" of the market when the price of the underlying asset reaches a predetermined trigger price. When the trigger price is reached, the option is automatically exercised, and the trader either receives a payout or incurs a loss, depending on the terms of the option. Kantox Kantox is a multinational fintech company that offers Currency Management Automation software for corporate clients. Their software automates the pre-trade, trade, and post-trade stages of the corporate foreign exchange workflow. < PREVIOUS NEXT >

  • E

    < BACK KNOWLEDGE BASE Grain Glossary Get an overview of financial terms and their definitions. ALL A A B B C C D D E E F F G G H H I I K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Z Z E Electronic invoicing Electronic invoicing (e-invoicing) refers to the creation, exchange, and processing of invoices electronically instead of on paper. E-invoicing involves sending invoices electronically between a supplier and a buyer, usually via the internet. There are several benefits to this method of invoicing over traditional paper invoicing, including increased efficiency, reduced errors and fraud, improved cash flow, and lower costs for printing and mailing. In addition, e-invoicing can be integrated with financial systems, making the accounts payable process easier to automate and improving cash flow visibility. Embedded finance Embedded finance refers to the integration of financial services into non-financial products or services. This can take many forms, such as adding payment or lending functionality to a mobile app or website, or bundling insurance or investment products into a larger offering. Embedded finance aims to make financial services more accessible for consumers by bringing them directly into the products and services they use. Emerging markets Emerging markets refer to countries that are in the process of developing their economies and are considered to be of high growth potential. These countries are often classified as being less developed than more industrialized nations and are characterized by a lower level of per capita income, less developed financial markets, and less mature political systems. Exotic currency An exotic currency is a term used to describe a currency that is not widely traded or used in international transactions. These currencies are typically from smaller or less developed countries, and may be less liquid or more volatile than major currencies. Examples of exotic currencies are the Brazilian Real (BRL), South African Rand (ZAR), Mexican Peso (MXN). Turkish Lira (TRY), Indian Rupee (INR) and Russian Ruble. Exchange rate An exchange rate is the price at which one currency can be exchanged for another currency. It is the value of one currency in terms of another currency, and is determined by the supply and demand for the two currencies in the foreign exchange market. < PREVIOUS NEXT >

  • Grain Careers | We are hiring!

    WE’RE HIRING! Join Our Team Be Part of Our Mission We’re looking for passionate people to join us and foster a culture that empowers you to do your best work. OPERATIONS FX Execution Trader Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, executing and managing FX trades to ensure optimal market execution, and serving as the primary contact for trading and risk-related communications with liquidity providers and selected partners. Tel Aviv Full Time Middle Office Analyst Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, providing daily trade support, and serving as the primary contact for trading and risk-related communications with selected partners. Tel Aviv Full Time ENGINEERING Full Stack Engineer Be part of Grain's top-tier developer team, shaping the future of fintech. Dive deep into front-end and back-end development, ensuring the excellence and resilience of our state-of-the-art embedded cross-currency platform. Tel Aviv Full Time

  • FX Execution Trader

    < Back FX Execution Trader Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, executing and managing FX trades to ensure optimal market execution, and serving as the primary contact for trading and risk-related communications with liquidity providers and selected partners. Full Time Tel Aviv Apply Now Who We Are Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions such as Barclays, Deutsche Bank, and other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Objectives of this role Efficiently execute and manage FX trades to ensure optimal market execution. Maintain and improve trading tools and processes to increase operational efficiency. Ensure accurate trade allocations and resolution of any discrepancies. Being a point of contact regarding trading related aspects with liquidity providers and selected partners Responsibilities Execute FX trades in accordance with client strategies and market conditions. Optimize Trading Tools to improve efficiency, implement enhancements to optimize control, ensure accurate trade capture, position management & inventory continuity day over day Ensure Trade Accuracy: Work closely with the operations team, bank’s dealing desks and brokers to ensure accurate trade allocations and resolve discrepancies. Maintain real-time monitoring positions, ensuring alignment with client objectives and risk parameters. Work closely with internal teams, including risk management, Data and operation teams. Source Liquidity: Engage with brokers and bank dealing desks to secure necessary liquidity. Ad Hoc Duties: Perform miscellaneous tasks as assigned, including generating ad hoc reports Required skills and qualifications Bachelor's degree in Finance, Economics, Mathematics, or a related field or equivalent industry experience 2+ years of FX trading desk experience, demonstrate ability in executing and managing trades, with a focus on FX derivatives Strong analytical skills and proficiency in statistical analysis tools and software with emphasis on advanced Excel skills Attention to detail to ensure quality, completeness and accuracy of work Excellent communication and interpersonal skills Preferred skills and qualifications Master's degree in finance, economics, mathematics, or a related field Knowledge of Google suite products, has ability to quickly work with new tools Proficiency with MS suite products Knowledge of Python/VBA Fluent in written and spoken English Apply Now

  • Grain x treasuryXL | Webinar

    < Back RECORDING Turning FX into a Competitive Advantage: Harnessing AI’s Potential Watch Now Grain x treasuryXL | Webinar Watch this informative session and learn how AI is transforming currency exchange management. You will gain the insights and tools you need to turn currency exchange into a strategic weapon for your business. In today's globalized economy, currency risk is a major concern for businesses. Fluctuating exchange rates can have a significant impact on profits and losses, and can make it difficult to plan for the future. Utilizing traditional, one-size-fits-all hedging strategies often falls short in providing effective protection for businesses in practical real-life environments. Additionally, the operational challenges associated with managing exposures and settling hedge positions act as barriers to the widespread adoption of hedging inside organizations. Machine learning and other emerging technologies are now helping solve these challenges by enabling automatically tailored hedges. Our panel of industry experts delved into key topics, such as: Leveraging Modern Technologies for Currency Hedging Automation Customizing Effective Hedges through Machine Learning The Impact of AI on Informed Hedging Strategies Utilizing automated hedging techniques to boost competitiveness This live session explored the latest trends in automated AI-based currency risk management and discussed how businesses can leverage AI and emerging technologies to protect themselves and their customers from currency volatility. Watch Now

  • Full Stack Engineer

    < Back Full Stack Engineer Be part of Grain's top-tier developer team, shaping the future of fintech. Dive deep into front-end and back-end development, ensuring the excellence and resilience of our state-of-the-art embedded cross-currency platform. Full Time Tel Aviv Apply Now Job Description: Join a team of top-tier developers in building Grain’s state-of-the-art fintech solution. Dive deep into both front-end and back-end development ensuring optimal performance, quality, and resilience of our cutting edge, embedded currency hedging platform Handle high-scale system design and development, recognizing that any error can have drastic consequences Collaborate, brainstorm, and problem solve with a diverse team of engineers to tackle challenging issues and create innovative solutions Qualifications: 3+ years of professional experience as a software engineer with frontend and backend development Exceptional problem-solving abilities and a proactive mindset Excellent communication skills; able to convey complex topics in a clear and concise manner. Independent, fast learner and excited about learning new technologies Previous experience in the fintech sector is an advantage Who We Are: Grain is a pioneering fintech startup based in the heart of Tel Aviv. We offer embedded cross-currency solutions tailored for software platforms and marketplaces. Grain was founded by seasoned entrepreneurs, formerly of financial institutions such as Barclays, Deutsche Bank, and other renowned fintech startups. Grain is backed by leading venture capital firms and prominent financial institutions. At Grain, we offer an opportunity to shape the fintech landscape and be a part of a community that's committed to excellence. Apply Now

  • Middle Office Analyst

    < Back Middle Office Analyst Be part of Grain's Risk team, playing a crucial role in supporting and optimizing the company's financial strategies, providing daily trade support, and serving as the primary contact for trading and risk-related communications with selected partners. Full Time Tel Aviv Apply Now Objectives of this role Playing a crucial role in supporting and optimizing the company’s financial strategies Perform daily trade support of all trade aspects Being a point of contact regarding trading and risk related aspects with selected partners Responsibilities Perform daily trade support and implement enhancements to optimize control, ensure accurate trade capture, position management & inventory continuity day over day Maintain real-time monitoring positions, ensuring alignment with client objectives and risk parameters Execute FX hedge transactions in accordance with client strategies and market conditions Generate comprehensive reports for internal use and clients, summarize trading activities and performance metrics Work closely with internal teams, including trading, risk management and Data teams Develop and maintain strong relationships with clients, serving as a point of contact for trading and risk related inquiries Required skills and qualifications Bachelor's degree in Finance, Economics, Mathematics, or a related field or relevant industry experience 2+ years of proven experience as a Middle Office Analyst specializing in FX or a similar role in the financial sector Strong analytical skills and proficiency in statistical analysis tools and software with emphasis on advanced Excel skills Familiarity with financial technology and trading platforms. Trading skills- demonstrate ability in executing and managing trades, with a focus on FX derivatives Attention to detail to ensure quality, completeness and accuracy of work Excellent communication and interpersonal skills Preferred skills and qualifications Master's degree in finance, economics, mathematics, or a related field Knowledge of Google suite products, has ability to quickly work with new tools Proficiency with MS suite products Knowledge of Python/VBA Fluent in English, with excellent verbal and written communication skills About Grain: Grain is an end-to-end embedded cross-currency solution that empowers software platforms and marketplaces to effectively eliminate FX risk for their end customers. Through a user-friendly and automated tool, Grain's partners and their customers can easily secure currency rates into the future and conduct seamless cross-border fund transfers. Apply Now

  • Content Writer (closed)

    < Back Content Writer (closed) Grain is searching for an advocate of brand communication across a diverse mix of marketing channels. Full Time Tel Aviv Apply Now Who are we? Grain is a fast-growing fintech startup based in Tel Aviv, offering embedded cross-currency solutions for software platforms and marketplaces. Founded by entrepreneurs formerly of Barclays, Deutsche Bank and top fintech startups who are passionate about leveraging technology to make financial solutions more accessible. Grain is backed by venture capitals and leading financial institutions. Who are we looking for? As part of our Marketing team, we are seeking passionate, experienced, independent English content writer/copywriter. We are searching for an advocate of brand communication across a diverse mix of marketing channels. The purpose of this position is to create all written materials for business use. Responsible for communicating the company's messaging to potential and existing customers in various industries, researching industry-related topics, coming up with ideas for new content types, and writing content that helps drive conversions. Responsibilities Create marketing messages that connect with our target audience Conduct in-depth market research and compose content that is relevant and engaging to target audience Create educational and action-driving marketing collaterals – blog posts, whitepapers, landing pages, ads, social content and publications Collaborate with biz dev and partnerships teams to conceptualize and write compelling sales-driven collaterals – presentations, brochures, white papers, testimonials and more Develop, implement, and manage organic social media activities Implement SEO practices to increase blog posts’ visibility Maintain a content marketing calendar that schedules all aspects of the creation and delivery of content throughout the year Update and maintain our websites as needed, including writing the copy for new landing pages Write, manage, and edit product-related copy across multiple channels Work closely with the entire organization as part of the Marketing Team Qualifications Native English Speaker (must) Exceptional storytelling, writing and editing skills, including the ability to approach in a range of voices and styles for diverse audiences A consistent record of crafting solid short copy and long form content across several mediums Copywriting samples; a portfolio of published articles is a plus Bachelor’s Degree, preferably in marketing, Communications, Journalism, or relevant field 3+ year’s proven work experience as a Content Writer, Copywriter, preferably in tech/SaaS Understanding and interest in financial topics Experience using social media for business An ability to describe product features in a creative and informative way Research skills to produce high-quality content An ability to fact-check long-form content pieces Data-driven thinking & resourceful Collaborative/self-starter approach, able to find opportunities and take initiative Advantage Experience in Fintech Knowledge of SEO/SEM and Google Analytics Experience in working with Wix as an editor Posting Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, religious creed, sex, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, military and veteran status, marital status, pregnancy, gender, gender expression, gender identity, sexual orientation, or any other characteristic protected by local law, regulation, or ordinance. Apply Now

  • Grain x myCaribou | Webinar

    < Back RECORDING Protecting Margins Against Currency Volatility: Navigating the rising impact of Foreign Exchange on the Global Medtech industry Watch Now Grain x myCaribou | Webinar Watch our recordings and learn about the complexities of global trade in the medtech sector and how the growing impact of FX costs are impacting business practices for both manufacturers and distributors. In this recordings, you'll learn about: The Growing Impact of Foreign Exchange Costs: Real-world examples of how FX volatility affects margins and overall business operations. Innovative Strategies: Discussion on how to safeguard margin and solutions tailored specifically to the unique needs of the medtech sector. Tools for Managing FX Risks: Discussion on the historical tools, their gaps, and how the myCaribou and Grain partnership fills these voids effectively. Watch our webinar to transform the way you manage currency risk and drive your medtech business forward. Don't miss out on this opportunity to learn from the experts and equip your business with the tools to thrive in a volatile global market. About the speakers: Hosted by: Craig MacInnis, Co-Founder and Co-CEO at myCaribou Craig brings over 25 years of experience in building and exiting Tech companies, having previously served as CEO of a $40 million IT Services company and co-founder of Solution Q. Jacques Lafon, International Medtech executive, former President EMEA of Cardinal Health With over 20 years of international experience in the Medical Devices industry, Jaques specializes in transformative P&L management and M&A, consistently driving profitable growth and strategic initiatives. Dor Golan , CEO & Co-founder at Grain Dor previously served as the head of two successful hedge funds and as the co-founder of Horizon, a crypto liquidity provider. He has over 18 years of financial experience. Watch Now

  • Payment Operations Manager

    < Back Payment Operations Manager Manage and direct the activities of the domestic and international payment operations, ensuring continuous, uninterrupted support from critical third parties. Full Time Tel Aviv Apply Now Qualifications: 3+ years of operations experience, with 2+ years of direct payment operations experience 2+ years managing high-performing teams An operationally focused mindset, with an ability to lead teams through complex relationship management activities by setting a clear vision and running tight processes Experience maintaining operational working relationships with internal and external partners Experience working with recovery services such as recollections, disputes & recalls Bonus points: Knowledge of fintech, AP/AR, and/or B2B strategy Experience working on a global team A day in the life and how you’ll make an impact: Manage and direct the activities of the domestic and international payment operations ensuring continuous, uninterrupted support from critical third parties Assist team in the daily operations of all recovery services with a focus on gross/net loss and real-time operational metrics Lead on suspicious activities that include, fraud reporting, loss, disputes, and recovery efforts including ACH, Wire, and push Transaction Recalls Collaborate consistently with internal stakeholders, including Risk and compliance, Customer Experience, Legal, Product, R&D and others to proactively drive performance and manage risk Execute strategies, resolve issues, and provide support on all operational matters regarding payments to drive operational efficiency, continuous improvement, and enhance the customer experience Maintain in-depth knowledge of end-to-end transactional flows for payment channels Identify and communicate technical and/or business issues and solutions, including troubleshooting and coordinating with cross-functional teams in identifying and resolving issues that impact operations and the customer Anticipate emerging risks and mitigate existing risks relative to payment channel operations, prioritize and resolve issues About the team: Grain’s product is transaction based, so who better than the Payment Operations team to perform critical manual escalations of money movement to ensure we collect and deliver those transactions; and to be constantly changing with our platform uplift. Payment Operations solves problems. We are a team of financial services experts that understand how the banking system works and helps unblock bottlenecks in payment flows. This team focuses on continuous improvement of manual processes to move money in production, project work, automations, recovery of funds within the banking system, tooling and data insights to optimize our impact. About Grain: Grain is an end-to-end embedded cross-currency solution that empowers software platforms and marketplaces to effectively eliminate FX risk for their end customers. Through a user-friendly and automated tool, Grain's partners and their customers can easily secure currency rates into the future and conduct seamless cross-border fund transfers. Apply Now

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