- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Theory that forward exchange rates are unbiased predictors of future spot rates. See Forward parity.
Industry:Financial services
A theory that spot prices at some future date will be equal to today's forward rates.
Industry:Financial services
Separation of a multinational firm's transfers of funds into discrete flows for specific purposes. See: Bundling.
Industry:Financial services
The amount of bank deposits in the form of checks that have not yet been paid by the banks on which the checks are drawn.
Industry:Financial services
An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.
Industry:Financial services
A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions.
Industry:Financial services
A short call option position in which the writer does not own shares of underlying stock represented by the option contracts. Uncovered calls are much riskier for the writer than a covered call, where the writer of the uncovered call owns the underlying stock. If the buyer of a call exercises the option to call, the writer would be forced to buy the asset at the current market price. Also called a "naked" asset.
Industry:Financial services
A short call option position in which the writer does not own an equivalent position in the underlying security represented by his option contracts.
Industry:Financial services
A short put option position in which the writer does not have a corresponding short stock position or has not deposited, in a cash account, cash or cash equivalents equal to the exercise value of the put. The writer has pledged to buy the asset at a certain price if the buyer of the option chooses to exercise it. Uncovered put options limit the writer's risk to the value of the stock (adjusted for premium received.) Also called "naked" puts.
Industry:Financial services
