Information

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23Nov, 23

Event Determination Date (EDD) - Meaning

The date on which the Credit Event Notice and Notice of Publicly Available Information are delivered by the Notifying Party in order to trigger the se...

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23Nov, 23

Exchange Cleared Derivatives (ECD) - Meaning

Derivative products traded between two parties and transferred (or novated) to an exchange. The derivatives then become cleared centrally by the excha...

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23Nov, 23

Expected Positive Exposure (EPE) - Meaning

The expected positive net value of a portfolio as a function of time after collateral (i.e., initial and variation margin applied with netting and hai...

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23Nov, 23

Expected Recovery Rate (ERR) - Meaning

The recovery rate expected by the market at the point of an entity going into insolvency proceedings. In efficient markets, defaulted bonds will theor...

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23Nov, 23

Feasible set of portfolios - Meaning

The collection of all feasible portfolios....

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23Nov, 23

Final Price - Meaning

The price used to cash settle credit derivative transactions after a Credit Event. The Final Price is determined in a Credit Event Auction or through ...

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23Nov, 23

Financial Services Authority (FSA) - Meaning

An agency that regulates most financial services markets, exchanges and firms in the UK. It sets the standards that they must meet and can take action...

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23Nov, 23

Flip flop - Meaning

An Interest Rate Swap that allows the Buyer to switch between receiving a Fixed Rate and a Floating Rate of interest on defined dates during the life ...

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23Nov, 23

Futures and Options Association (FOA) - Meaning

A trade association dedicated to promoting the smooth functioning of exchange-traded derivative contracts through the publication of standardised docu...

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23Nov, 23

Futures Commission Merchant (FCM) - Meaning

An organisation that solicits or accepts orders for the purchase or sale of any financial instrument for future delivery. FCMs can solicit business di...