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Tuesday's Term
Systemic Risk
Definition:
The risk that a default by one market participant will have repercussions on other participants due to the interlocking nature of financial markets. For example, Customer A’s default in X market may affect Intermediary B’s ability to fulfill its obligations in Markets X, Y, and Z.
Buy (or Sell) On Opening
Definition:
To buy (or sell) at the beginning of a trading session within the open price range.
Basis Swap
Definition:
A swap whose cash settlement price is calculated based on the basis between a futures contract and the spot price of the underlying commodity or a closely related commodity on a specified date.
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Securities Terms >
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State Statutes Resource Center 