Tag: NO
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Notice of Intent to Deliver
Concept of Notice of Intent to Deliver in Futures TradingIn this context of financial law, the following is a definition of Notice of Intent to Deliver: A notice that must be presented by the seller of a futures contract to the clearing organization prior to delivery. The clearing organization […]
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Nostro Reconciliation
Concept of Nostro Reconciliation in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The process performed to ensure that the expected cash movements of a transaction (or multiple transactions) are reconciled with the actual cash movements […]
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Non Recourse Factoring
Definition of Non Recourse FactoringThis is the meaning of Non Recourse Factoring published by Marco Terry: A form of factoring where the factoring company will absorb any credit losses that result from a customer defaulting on an invoice. The types of credit losses that are absorbed vary by […]
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Notional Principal
Concept of Notional Principal in Futures TradingIn this context of financial law, the following is a definition of Notional Principal: In an interest rate swap, forward rate agreement, or other derivative instrument, the amount or, in a currency swap, each of the amounts to which interest rates […]
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Novation
Novation ProtocolConcept of Novation Protocol in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A document published by ISDA (International Swaps and Derivatives Association, Inc.)that defines the market standard procedures for novating […]
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Notice of Assignment
Definition of Notice of AssignmentThis is the meaning of Notice of Assignment published by Marco Terry: A notice that is sent to customers informing them that the invoice has been factored and pledged as collateral. The NOA also informs the customer of the new payment address.
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Nominal Price
Concept of Nominal Price (or Nominal Quotation) in Futures TradingIn this context of financial law, the following is a definition of Nominal Price (or Nominal Quotation): Computed price quotation on a futures or option contract for a period in which no actual trading took place, usually an […]
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Note
Concept of Note in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A short-term debt instrument (for example with a maturity of between one and ten years) whereby the issuer agrees to make periodic payments and/or deliveries to the buyer in […]
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Note Against Bond Spread
Concept of NOB (Note Against Bond) Spread in Futures TradingIn this context of financial law, the following is a definition of NOB (Note Against Bond) Spread: A futures spread trade involving the buying (selling) of a Treasury note futures contract and the selling (buying) of a Treasury bond […]
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Notice Day
Concept of Notice Day in Futures TradingIn this context of financial law, the following is a definition of Notice Day: Any day on which notices of intent to deliver on futures contracts may be issued.
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Notional Amount
Concept of Notional Amount in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The amount of principal underlying the derivative (i.e. an instrument that transfers risk from one party to the other) contract, to which interest rates are applied […]