Finance

Tag: VA

  • Variable Rate

    Variable Rate in relation to Home Equity Lines of CreditIn this context, a definition of Variable Rate is provided: An interest rate that changes periodically in relation to an index, such as the prime rate. Payments may increase or decrease accordingly.

  • Variance Option

    Concept of Variance Option in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An option (i.e. the right to buy or sell a financial instrument at some agreed conditions) that uses the variance (being the volatility squared) of an underlying’s […]

  • Valuation

    Valuation TimeConcept of Valuation Time in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The time at which the collateral portfolio and collateral balance is valued for the purposes of a collateral call.ResourcesSee AlsoDerivatives Contract

  • Vanilla

    Vanilla (flow/market Standard)Concept of Vanilla (flow/market Standard) 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) transaction which has a very basic […]

  • Valuation Date

    Concept of Valuation Date in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A date upon which a collateral call or the value of an asset is determined.ResourcesSee AlsoDerivatives Contract

  • Value At Risk

    Value at Risk (var)Concept of Value at Risk (var) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A statistical measure which calculates the maximum loss that any financial instrument may be expected to suffer over a defined period with a […]

  • Valuation Percentage (haircut)

    Valuation Percentage (haircut)Concept of Valuation Percentage (haircut) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The percentage by which the market value of the collateral will be reduced to allow for price volatility and instrument […]

  • Variation Margin

    Concept of Variation Margin in Futures TradingIn this context of financial law, the following is a definition of Variation Margin: Payment made on a daily or intraday basis by a clearing member to the clearing organization based on adverse price movement in positions carried by the clearing […]

  • Valuation Agent

    Concept of Valuation Agent in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The party who values a derivative (i.e. an instrument that transfers risk from one party to the other) transaction or portfolio of derivative (i.e. an instrument […]

  • Variable Price Limit

    Concept of Variable Price Limit in Futures TradingIn this context of financial law, the following is a definition of Variable Price Limit: A price limit schedule, determined by an exchange, that permits variations above or below the normally allowable price movement for any one trading day.

  • Variance Swap

    Concept of Variance Swap in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A forward that uses the variance (being the volatility squared) of an underlying’s price movement over a period as the basis for the payoff calculation.ResourcesSee […]

  • Vault Receipt

    Concept of Vault Receipt in Futures TradingIn this context of financial law, the following is a definition of Vault Receipt: A document indicating ownership of a commodity stored in a bank or other depository and frequently used as a delivery instrument in precious metal futures contracts.