Finance

Category: E

  • Execution

    Execution Only (give-up Agreement)Concept of Execution Only (give-up Agreement) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A tri-party agreement that is signed by the executing broker, the clearing broker and the client. This agreement […]

  • Excluded Commodity

    Concept of Excluded Commodity in Futures TradingIn this context of financial law, the following is a definition of Excluded Commodity: In general, the Commodity Exchange Act defines an excluded commodity as: any financial instrument such as a security, currency, interest rate, debt instrument, […]

  • Equity Swap

    Concept of Equity Swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A derivative (i.e. an instrument that transfers risk from one party to the other) contract where payments are linked to the change in value of an underlying equity, […]

  • EFP

    ResourcesSee AlsoExchange for Physical Futures Trading Consumer Protection Consumer Finance

  • Exchange for Physicals

    Concept of Exchange for Physicals (EFP) in Futures TradingIn this context of financial law, the following is a definition of Exchange for Physicals (EFP): A transaction in which the buyer of a cash commodity transfers to the seller a corresponding amount of long futures contracts, or receives […]

  • Exchange of Derivatives for Related Positions

    Concept of Exchange of Derivatives for Related Positions (EDRP) in Futures TradingIn this context of financial law, the following is a definition of Exchange of Derivatives for Related Positions (EDRP): A general term for privately negotiated trades exchanging a futures position for a related […]

  • ETF

    ResourcesSee AlsoExchange Traded Fund Futures Trading Consumer Protection Consumer Finance

  • Eurobond

    Concept of Eurobond in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A bond that is denominated in a currency other than that of the country of the issuer. For example, a USD denominated bond issued by a UK corporate.ResourcesSee […]

  • Exchange Risk Factor

    Concept of Exchange Risk Factor in Futures TradingIn this context of financial law, the following is a definition of Exchange Risk Factor: The delta of an option as computed daily by the exchange on which it is traded.

  • Exempt Foreign Firm

    Concept of Exempt Foreign Firm in Futures TradingIn this context of financial law, the following is a definition of Exempt Foreign Firm: A foreign firm that does business with U.S. customers only on foreign exchanges and is exempt from registration as a futures commission merchant under CFTC […]

  • Escrow

    Escrow in the Context of Mortgage RefinancingsIn this context, a definition of Escrow may be distilled, worded as follows: The holding of money or documents by a neutral third party before closing on a property. It can also be an account held by the lender (or servicer) into which a homeowner […]

  • ECN

    Concept of ECN in Futures TradingIn this context of financial law, the following is a definition of ECN: Electronic Communications Network, refers to a electronic system for trading in stocks or futures. The critical distinction between an exchange and an ECN is that while both can match and […]

  • Early Closure

    Concept of Early Closure in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The closure, on any exchange business day, of the exchange (or if an index transaction, the exchange(s) in respect of 20 percent or more of the securities comprising […]

  • End User Exception

    Concept of End User Exception in Futures TradingIn this context of financial law, the following is a definition of End User Exception: The Dodd-Frank Act’s provision that exempts non-financial entities that are end users from the clearing mandate thus allowing end users to execute swaps […]

  • Electronic Trading Facility

    Concept of Electronic Trading Facility in Futures TradingIn this context of financial law, the following is a definition of Electronic Trading Facility: A trading facility that operates by an electronic or telecommunications network instead of a trading floor and maintains an automated audit […]