UPSTAIRS MARKET
Trades done between brokers that do not enter the exchange. The prices must be fair. Refer to crossed trade.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Trades done between brokers that do not enter the exchange. The prices must be fair. Refer to crossed trade.
When an institution takes collateral from the borrower right away to cover losses. Refer to periodic collateral.
a building that does not have any contents or inhabitants.
The date a transaction is complete. AKA settlement date.
A standard financial transaction. They have the greatest liquidity and smallest spread.
Insurance that pays out an agreed upon amount if loss should occur. Commonly life insurance. Refer to indemnity contract.
An option that creates an european option if the price goes beyond a barrier. Refer to barrier, down and in, down and out, reverse knockin, knockin, and up and out options.
A new issue with little interest in it. The price and deal terms must be changed in order to change this.
The attempt of a takeover target to make itself look undesirable by threatening to liquidate or destroy assets in the event of a hostile takeover. Refer to crown jewel defense, dead hand
Temporarily paying off all commercial debt creating extra swingline availability.
When companies that make different elements of a product join forces. This is done when one company wants to control much of the process. Refer to conglomerate and horizontal merger.
Means overpowering force. An unavoidable event that will effect the profits of the firm. Risk transfer is sought in this case. Refer to force majuere.
A german corporation’s management board. Refer to aufsichtsrat.
A strategy that uses volatility rather than market direction. Refer to directional strategy.
Funds invested in new high risk opportunities. This is done in exchange for preinitial public equity stake. Most technology and biotechnology get their starts here. Refer to down round and mezzanine financing.
Cash held for the purpose of overtaking another company. Or funds held to prevent hostile takeover.
A holder of a derivative contract that plans to close out before maturity. Retail investors are commonly weak hands. Refer to strong hands.
Stock of a company whose assets are overvalued. The price does not accurately represent the companies position.
When weather risks cause securitization. These risks can be temperature or percipitation. This is not the result of a catastrophe. Repayment stops when loss causing weather damages crops. Refer to catastrophe bond,
Physical barrels delivered rather than financially settled. It is used in refining and supply trades.