Previously known as bookout, it refers to the closing out of a swap transaction, whereby the net debtor’s pays the…
Re-establishing an original position taken by an option buyer, undoing whereby a previously made conversion or reversal of an option…
In the context of portfolio or program trading, it refers to the process of balancing buys (long positions) and sells…
It stands for collateralized put-write; an options trading strategy that involves short positions in put options and the use of…
A floater that involves a short position in a strip of caps over the life of collateralized motgage obligation (CMO)…
A transaction that involves simultaneously taking a cash position and futures position on the same underlying. That means, a position taken…
A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will…
The duration of the deliverable or underlying bond of a futures contract that is used as an estimate of the…
Re-establishing an original position taken by an option buyer, undoing whereby a previously made conversion or reversal of an option…
In connection with futures contracts, it is a short position in a contract that is still not offset or closed. As...
