exchange for sth different
31Contract — A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. The New York Times Financial Glossary * * * ▪ I.… …
32offset — Taking a second futures or options position opposite to the initial or opening position. Selling (or purchasing) futures contracts of the same delivery month purchased (or sold) during an earlier transaction or making (or taking) delivery of the… …
33Call — An option that gives the right to buy the underlying futures contract. The New York Times Financial Glossary * * * ▪ I. call call 1 [kɔːl ǁ kɒːl] verb 1. [intransitive, transitive] to telephone someone: • She called the airport to ask about… …
34book — A banker or trader s positions. Bloomberg Financial Dictionary A summary of a trader s or desk s outstanding positions. Chicago Mercantile Exchange Glossary * * * ▪ I. book book 1 [bʊk] noun 1. books [plural] ACCOUNTING the accounting records of… …
35zone — ▪ I. zone zone 1 [zəʊn ǁ zoʊn] noun 1. [countable] a large area that is different from others around it in some way: • This is a no parking zone. • 90% of non smokers want smoke free zones at work and in public places. 2. licence free/passport… …
36substitution — The principle by which CME Clearing becomes the buyer to every seller and the seller to every buyer upon the successful matching of two trade records or upon the successful completion of initial settlement for ex pit transactions. Chicago… …
37protocol — pro‧to‧col [ˈprəʊtəkɒl ǁ ˈproʊtəkɒːl, kɑːl] noun 1. [countable] COMPUTING an established method for connecting computers so that they can exchange information: • You have to use a different protocol with this new modem. • HTTP is an Internet… …
38Offset — Elimination of a long or short position by making an opposite transaction. Related: liquidation. The New York Times Financial Glossary * * * ▪ I. offset off‧set 1 [ˈɒfset, ˌɒfˈset ǁ ˈɒːfset, ˌɒːfˈset] verb offset PTandPP offsett …
39cheque — [tʆek] , check noun [countable] BANKING 1. a printed form that you use to pay for something instead of using money. You write on it the amount in words and numbers, the date, the person being paid, and sign your name: • a cheque for £200 …
40parity — For convertibles, level at which a convertible security s market price equals the aggregate value of the underlying common stock; value/worth of the convertible bond considered only as an equity instrument ( conversion ratio times common price).… …
