20 Terms
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Commodity exchange
Industry: Financial services
Add a new termContributors in Commodity exchange
Commodity exchange
notice day
Financial services; Commodity exchange
According to Chicago Board of Trade rules, the second day of the three-day delivery process when the clearing corporation matches the buyer with the oldest reported long position to the delivering ...
five against bond (FAB) spread
Financial services; Commodity exchange
A futures spread trade involving the buying (selling) of a five-year Treasury bond futures contract and the selling (buying) of a long-term (15-30 year) Treasury bond futures contract.
five against note (FAN) spread
Financial services; Commodity exchange
A futures spread trade involving the buying (selling) of a five-year Treasury note futures contract and the selling (buying) of a ten-year Treasury bond futures contract.
note against bond (NOB) spread
Financial services; Commodity exchange
A futures spread trade involving the buying (selling) of a Treasury note futures contract and the selling (buying) of a Treasury bond futures contract.
london option
Financial services; Commodity exchange
A generic term sometimes used to describe options on physical commodities or on futures contracts traded abroad (typified by options on London commodity markets). These options, which often had ...
The Government National Mortgage Association (GNMA)
Financial services; Commodity exchange
A government agency within the Department of Housing and Urban Development that, among other things, guarantees payment on mortgage-backed certificates.
payment-in-kind program
Financial services; Commodity exchange
A government program in which farmers who comply with a voluntary acreage-control program and set aside an additional percentage of acreage specified by the government receive certificates that can ...
