exchange option

exchange option
Option for the shareholders to exchange their securities for other securities and/or cash. Exchange options are mentioned in the terms and conditions of a security and are valid during the whole lifetime of a security unless otherwise stated by the issuer.

Euroclear glossary. 2008.

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  • exchange option — Option for the shareholders to exchange their securities for other securities and/or cash. Exchange options are mentioned in the terms and conditions of a security and are valid during the whole lifetime of a security unless otherwise stated by… …   Financial and business terms

  • Foreign-exchange option — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… …   Wikipedia

  • Foreign exchange option — In finance, a foreign exchange option (commonly shortened to just FX option or currency option) is a derivative financial instrument where the owner has the right but not the obligation to exchange money denominated in one currency into another… …   Wikipedia

  • Equity Linked Foreign Exchange Option - ELF-X — A put or call option that protects an investor from foreign exchange risk for a future sale or purchase of a specified foreign equity portfolio. ELF X options are a combination of a currency option and an equity forward contract. Should the… …   Investment dictionary

  • exchange-traded option — exchange option; listed option An option traded on one of the institutional markets, such as the London International Financial Futures and Options Exchange, as opposed to one sold on the over the counter market; such options have standard terms… …   Big dictionary of business and management

  • flexible exchange option — flexible exchange ( FLEX) option A semi customised, exchange traded put or call option issued by a clearing house. Customisation is limited to expiration date, strike and exercise style (European or American). Exchange Handbook Glossary …   Financial and business terms

  • Flexible Exchange Option - FLEX — An option, generally written by a clearing house, whose expiration date, strike price, and exercising style can be modified. A flex option provides flexibility as it can be tailored to meet an investor s specific needs …   Investment dictionary

  • Option style — In finance, the style or family of an option is a general term denoting the class into which the option falls, usually defined by the dates on which the option may be exercised. The vast majority of options are either European or American (style) …   Wikipedia

  • Exchange rate — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… …   Wikipedia

  • exchange theory — Exchange theories view social order as the unplanned outcome of acts of exchange between members of society. There are two major variants. Rational choice (or, as it is sometimes known, rational action) theory locates the source of order in the… …   Dictionary of sociology

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