Commodity exchange

Commodity exchange

Industry: Financial services

Add a new term

Contributors in Commodity exchange

Become a Contributors

Commodity exchange

price banding

Financial services; Commodity exchange

A CME Group and ICE-instituted mechanism to ensure a fair and orderly market on an electronic trading platform. This mechanism subjects all incoming orders to price verification and rejects all ...

counterparty

Financial services; Commodity exchange

The opposite party in a bilateral agreement, contract, or transaction, such as a swap. In the retail foreign exchange (or Forex) context, the party to which a retail customer sends its funds; ...

credit default swap

Financial services; Commodity exchange

A bilateral over-the-counter (OTC) contract in which the seller agrees to make a payment to the buyer in the event of a specified credit event in exchange for a fixed payment or series of fixed ...

life of contract

Financial services; Commodity exchange

Period between the beginning of trading in a particular futures contract and the expiration of trading. In some cases, this phrase denotes the period already passed in which trading has already ...

conversion factors

Financial services; Commodity exchange

Numbers published by a futures exchange to determine invoice prices for debt instruments deliverable against bond or note futures contracts. A separate conversion factor is published for each ...

London interbank offered rate (LIBOR)

Financial services; Commodity exchange

The rate of interest at which banks borrow funds (denominated in U.S. dollars) from other banks, in marketable size, in the London interbank market. Some interest rate futures contracts, including ...

counterparty risk

Financial services; Commodity exchange

The risk associated with the financial stability of the party with whom one has entered into contract. Forward contracts impose upon each party the risk that the counterparty will default, but ...