Month: July 2016
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Quotation
Concept of Quotation in Futures TradingIn this context of financial law, the following is a definition of Quotation: The actual price or the bid or ask price of either cash commodities or futures contracts.
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Public Elevators
Concept of Public Elevators in Futures TradingIn this context of financial law, the following is a definition of Public Elevators: Grain elevators in which bulk storage of grain is provided to the public for a fee. Grain of the same grade but owned by different persons is usually mixed or […]
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FERC
ResourcesSee AlsoFederal Energy Regulatory Commission Futures Trading Consumer Protection Consumer Finance
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Template
Concept of Template in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A standard reference source for a master agreement or confirmation which may either be published by an industry body or agreed between two counterparties.ResourcesSee […]
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Day Order
Concept of Day Order in Futures TradingIn this context of financial law, the following is a definition of Day Order: An order that expires automatically at the end of each day’s trading session. There may be a day order with time contingency. For example, an ‘off at a specific time’ order is an […]
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Segregation of Funds
Concept of Segregation of Funds in Futures TradingIn this context of financial law, the following is a definition of Segregation of Funds: The requirement that FCMs keep customer funds such as margin deposits separate from the firms’ own funds.
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Covered Bonds
Concept of Covered Bonds in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A debt security backed by cashflows from mortgages or public sector loans. They are similar to asset backed securities created in securitisation, however covered bond […]
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Bona Fide Hedging Transactions
Concept of Bona Fide Hedging Transactions in Futures TradingIn this context of financial law, the following is a definition of Bona Fide Hedging Transactions: Transactions on a designated contract market or swap execution facility that serve as a substitute for transactions in physical […]
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Invisible Supply
Concept of Invisible Supply in Futures TradingIn this context of financial law, the following is a definition of Invisible Supply: Uncounted stocks of a commodity in the hands of wholesalers, manufacturers, and producers that cannot be identified accurately; stocks outside commercial channels […]
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Reference Obligation
Concept of Reference Obligation in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A bond, loan or other payment obligation, issued by the reference entity. The failure by the reference entity to comply with the material terms of a reference […]
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Prearranged Trading
Concept of Prearranged Trading in Futures TradingIn this context of financial law, the following is a definition of Prearranged Trading: Trading between brokers in accordance with an expressed or implied agreement or understanding, which is a violation of the Commodity Exchange Act and CFTC […]
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Retender
Concept of Retender in Futures TradingIn this context of financial law, the following is a definition of Retender: In specific circumstances, some exchanges permit holders of futures contracts who have received a delivery notice through the clearing organization to sell a futures contract and […]
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Mechanics Lien
Definition of Mechanics LienThis is the meaning of Mechanics Lien published by Marco Terry: A security interest in the legal title of a property by subcontractors and suppliers who have provided labor/products to improve the property.
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Kerb Trading
Kerb Trading or DealingResourcesSee AlsoCurb Trading Futures Trading Consumer Protection Consumer Finance
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Credit Spread
Concept of Credit Spread in Futures TradingIn this context of financial law, the following is a definition of Credit Spread: The difference between the yield on the debt securities of a particular corporate or sovereign borrower (or a class of borrowers with a specified credit rating) and the […]