Category: A

  • 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

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • Account Debtor

    Definition of Account DebtorPlease see customer.

  • 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.

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]