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ETO

It stands for exchange-traded option; an option (exchange-traded derivative) that trades on organized and regulated exchanges, as opposed to options…

EFP

It stands for exchange of futures for physicals. By definition, it is a transaction that involves simultaneously taking a cash…

DER

It stands for dividend equalization reserve; a reserve (type of a specific reserve) that is created specifically for the purpose...

ONA

It stands for outstanding notional amount; the gross nominal or notional value of all derivatives contracts that have been concluded,...

Euribor

It stands for Euro interbank offered rate; an interest rate that is based on the average interest rates at which...

Blacklist NAS

A non-audit service (NAS) that an auditor/ audit firm cannot provide to an auditee (an audited firm). Specific services other...

AANA

An acronym for average aggregate notional amount; the sum of the total outstanding notional amounts (ONA) of non-cleared derivative positions...

SOFR Swap

A swap that entails payment of a fixed-rate on an annual, Act/360 basis by one counterparty against payment (by the...

NAS

It stands for non-audit service; a service (that can or cannot be offered by an accounting/ audit firm) other than...

Tranche ONA

It stands for tranche outstanding notional amount; with respect to a tranche, it is the original tranche size reduced by...