Category: A
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Affirmxpress
Concept of Affirmxpress in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An electronic messaging hub for front office trader verification and affirmation of inter-dealer brokered transactions.ResourcesSee AlsoDerivatives Contract
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Accreting Swap
Accreting swapConcept of Accreting swap (i.e. a derivative where two counterparties exchange streams of cashflows with each other) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A swap (i.e. a derivative where two counterparties exchange […]
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Audit Trail
Concept of Audit Trail in Futures TradingIn this context of financial law, the following is a definition of Audit Trail: The record of trading information identifying, for example, the brokers participating in each transaction, the firms clearing the trade, the terms and time or sequence of the […]
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Asset Backed Security
Asset Backed Security (abs)Concept of Asset Backed Security (abs) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A type of bond or note typically issued by a Special Purpose Vehicle (SPV) where the bond or note is backed by an underlying […]
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Arbitration
Concept of Arbitration in Futures TradingIn this context of financial law, the following is a definition of Arbitration: A process for settling disputes between parties that is less structured than court proceedings. The National Futures Association arbitration program provides a forum for […]
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At-the-Market
Concept of At-the-Market in Futures TradingIn this context of financial law, the following is a definition of At-the-Market: An order to buy or sell a futures contract at whatever price is obtainable when the order reaches the trading facility. See Market Order.
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Adjustable-rate Mortgage
Adjustable-rate Mortgage (ARM) in the Context of Mortgage RefinancingsIn this context, a definition of Adjustable-rate Mortgage (ARM) may be distilled, worded as follows: A mortgage that does not have a fixed interest rate. The rate changes during the life of the loan based on movements in an […]
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Account Debtor
Definition of Account DebtorPlease see customer.
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American Option
Concept of American Option in Futures TradingIn this context of financial law, the following is a definition of American Option: An option that can be exercised at any time prior to or on the expiration date. See European Option.
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Active Fund
Concept of Active Fund in Futures TradingIn this context of financial law, the following is a definition of Active Fund: A private fund as defined in section 202(a) of the Investment Advisers Act of 1940, that is not a third-party subaccount and that executes 200 or more swaps per month.
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Advance
Definition of AdvanceThis is the meaning of Advance published by Marco Terry: This is the amount of money that the factoring company advances to your company when they buy the invoice. The advance is often a percentage of the gross value of the invoice and is wired shortly after the invoice is […]
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Anonymous Bidding
Concept of Anonymous Bidding in Futures TradingIn this context of financial law, the following is a definition of Anonymous Bidding: Refers to any market structure in which the identity of the parties placing bids and asks is not disclosed, making it more difficult for one trader to effectively […]
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Asset Swap
Concept of Asset Swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): Asset swaps involve both the sale of an asset to a counterparty and an interest rate swap packaged into a single transaction. In the case of bonds, the asset will usually […]
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Arbitrage
Concept of Arbitrage in Futures TradingIn this context of financial law, the following is a definition of Arbitrage: A strategy involving the simultaneous purchase and sale of identical or equivalent commodity futures contracts or other instruments across two or more markets in order to benefit […]
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Amortising Swap
Concept of Amortising swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A swap (i.e. a derivative where two counterparties exchange streams of cashflows with each other) with a decreasing principal amount as set out in a predefined […]