Finance

Category: T

  • Tie Out

    Concept of Tie Out in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The process where bronze records are matched in the DTCC Trade Information Warehouse. These matched trades are not legally binding and are known as bronze records as opposed […]

  • Tender Offer

    Concept of Tender Offer in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The transfer of ownership of greater than 10% but less than 100% of shares of a company to another individual/entity. As with merger events, the offer is sufficient to […]

  • Transaction Reference Indicator

    Transaction Reference Indicator (tri)Concept of Transaction Reference Indicator (tri) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The unique, DTCC assigned reference number for a confirmed trade in the Trade Information Warehouse. The […]

  • Trading Day

    Scheduled Trading DayConcept of Scheduled Trading Day in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A day on which each exchange and related exchange in respect of a trade are scheduled to be open for trading for their respective trading […]

  • Trioptima

    Concept of Trioptima in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): Third party vendor providing post trade services to the derivatives market in an effort to reduce costs and operational risks for their subscribers. Services include […]

  • Total Return Swap

    Concept of Total Return Swap in Futures TradingIn this context of financial law, the following is a definition of Total Return Swap: A type of credit derivative in which one counterparty receives the total return (interest payments and any capital gains or losses) from a specified reference […]

  • Transaction

    Concept of Transaction in Futures TradingIn this context of financial law, the following is a definition of Transaction: The entry or liquidation of a trade.

  • Trader

    Concept of Trader in Futures TradingIn this context of financial law, the following are some alternative definitions of Trader: (a) A merchant involved in cash commodities; (b) a professional speculator who trades for his own account and who typically holds exchange trading privileges.

  • Transaction Supplement

    Concept of Transaction Supplement in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The short confirmation that evidences a transaction under a Master Confirmation Agreement (referred to commonly as a “short form”).ResourcesSee […]

  • Time Value

    Concept of Time Value in Futures TradingIn this context of financial law, the following is a definition of Time Value: That portion of an option’s premium that exceeds the intrinsic value. The time value of an option reflects the probability that the option will move into-the-money. Therefore, […]

  • Trading At Settlement

    Concept of Trading at Settlement (TAS) in Futures TradingIn this context of financial law, the following is a definition of Trading at Settlement (TAS): An exchange rule which permits the parties to a futures trade during a trading day to agree that the price of the trade will be that day’s […]

  • Tick

    Concept of Tick in Futures TradingIn this context of financial law, the following is a definition of Tick: Refers to a minimum change in price up or down. An up-tick means that the last trade was at a higher price than the one preceding it. A down-tick means that the last price was lower than…

  • Trade

    Unrecognised TradeConcept of Unrecognised Trade in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A transaction that cannot be identified by the alleged counterparty to the trade.ResourcesSee AlsoDerivatives Contract

  • Trading Floor

    Concept of Trading Floor in Futures TradingIn this context of financial law, the following is a definition of Trading Floor: A physical trading facility where traders make bids and offers via open outcry or the specialist system.