net transaction exposure — offsetting inflows against outflows in a given currency to determine extent of exposure to risk. Bloomberg Financial Dictionary … Financial and business terms
Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity … Wikipedia
open interest — The total number of futures or options contracts of a given commodity that have not yet been offset by an opposite futures or option transaction nor fulfilled by delivery of the commodity or option exercise. Each open transaction has a buyer and… … Financial and business terms
unwind a trade — Reverse a securities transaction through an offsetting transaction in the market. Bloomberg Financial Dictionary … Financial and business terms
Cover — The act of completing an offsetting transaction so as to eliminate a liability or obligation. It is generally used in the context of risk exposure, as when an investor decides to cover a short position in a stock to eliminate the risk of a short… … Investment dictionary
Evening Up — A slang phrase used to describe an investor who closes a position by making an offsetting transaction. An investor will eliminate his or her exposure to a security s risk by evening up. Also referred to as even up. Evening up in the equity market … Investment dictionary
Set-Off Clause — A legal clause that gives a lender the authority to seize a debtor s deposits when they default on a loan. A set off clause can also refer to a settlement of mutual debt between a creditor and a debtor through offsetting transaction claims. This… … Investment dictionary
Position — A market commitment; the number of contracts bought or sold for which no offsetting transaction has been entered into. The buyer of a commodity is said to have a long position and the seller of a commodity is said to have a short position .… … Financial and business terms
position — A market commitment. A buyer of a futures contract is said to have a long position and, conversely, a seller of futures contracts is said to have a short position. Chicago Board of Trade glossary Open contracts indicating an interest in the… … Financial and business terms
Unwinding a Position — A long or short position is unwound, or reversed, by an offsetting transaction to result in a square or flat position. ► See also Long, Short … Financial and business terms
