OF AN AUCTION
PRIMARY DEALERS AND OPEN MARKET OPERATIONS
REPURCHASE AGREEMENTS
REVERSE REPOS
GENERAL COLLATERAL VERSUS SPECIAL REPOS
MARGINS
SALE AND BUYBACK
COLLATERAL
REPOS AND OPEN MARKET OPERATIONS
NEGOTIABLE CDs
NOTATION
COST OF A CD FOR THE ISSUING BANK
TERM CDs
CDs VERSUS MONEY MARKET TIME DEPOSITS
COMMERCIAL PAPER
LETTERS OF CREDIT AND BANK GUARANTEES
YANKEE PAPER
CREDIT RATING
MOODY'S RATING SCALE
S&P'S RATING SCALE
FITCH'S RATING SCALE
BILLS OF EXCHANGE
DOCUMENTS AGAINST PAYMENT (DAP) VERSUS DOCUMENTS AGAINST ACCEPTANCE (DAA) TRANSACTIONS
ELIGIBLE AND NONELIGIBLE BANK BILLS
BUYING AND SELLING BILLS
BANKERS' ACCEPTANCE
ACCEPTANCE CREDITS
EUROCURRENCY DEPOSITS
APPENDIX
NOTES
14 CHAPTER 6: Forward and Futures Contracts INTRODUCTION MARKING TO MARKET FOR A TRADER IN PRACTICE DELIVERY OPTIONS PROFIT DIAGRAMS VALUE AT RISK THE EXPECTED SHORTFALL SPOT-FUTURES EQUIVALENCE PRODUCTS AND EXCHANGES CASH-AND-CARRY ARBITRAGE REVERSE CASH-AND-CARRY ARBITRAGE REPO AND REVERSE REPO RATES SYNTHETIC SECURITIES VALUATION THE CASE OF ASSETS MAKING PAYOUTS PHYSICAL ASSETS NET CARRY BACKWARDATION AND CONTANGO THE CASE OF MULTIPLE DELIVERABLE GRADES RISK ARBITRAGE THE CASE OF MULTIPLICATIVE ADJUSTMENT THE CASE OF ADDITIVE ADJUSTMENT TRADING VOLUME AND OPEN INTEREST DELIVERY CASH SETTLEMENT HEDGING AND SPECULATION ROLLING A HEDGE TAILING A HEDGE THE MINIMUM VARIANCE HEDGE RATIO ESTIMATION OF THE HEDGE RATIO AND THE HEDGING EFFECTIVENESS CROSS-HEDGING SPECULATION LEVERAGE CONTRACT VALUE FORWARD VERSUS FUTURES PRICES HEDGING THE RATE OF RETURN ON A STOCK PORTFOLIO CHANGING THE BETA PROGRAM TRADING STOCK PICKING PORTFOLIO INSURANCE IMPORTANCE OF FUTURES NOTES
15 CHAPTER 7: Options Contracts INTRODUCTION NOTATION EXERCISING OPTIONS MONEYNESS EXCHANGE-TRADED OPTIONS OPTION CLASS AND OPTION SERIES FLEX OPTIONS CONTRACT ASSIGNMENT ADJUSTING FOR CORPORATE ACTIONS NONNEGATIVE
