Value Date

• The account balance represents the available funds or present value of an account of a particular financial account, such as a checking, savings or investment account.

• An American option is a type of option contract that allows holders to exercise their rights at any time up to and including the expiration date.

• An asset swap is used to convert cash flow characteristics in order to hedge risks from one financial instrument with undesirable cash flow characteristics to another with favorable cash flow characteristics.

• A Convertible Asset Substitution Option Transaction, or ASCOT, is a way of separating the fixed income and equity components from a convertible bond.

A cession is a transfer of rights or property from one person to another.#

• In the money (ATM) are calls and puts where the exercise price is equal to or very close to the current market price of the underlying security.

• The Bank Note Swap Rate (BBSW) is a short-term interest rate used as a benchmark for valuing Australian dollar derivatives and securities, primarily floating rate bonds.

• Barrier options are a type of exotic option in which the payoff depends on whether the option reaches or exceeds a predetermined barrier price.

• Bear call spreads are formed by buying two call options, one long and one short, with different strike prices but the same expiration date.

• A bearish put spread is an option strategy implemented by a bearish investor who wants to maximize profits with minimal losses.

• A bear spread is a bear option strategy used when an investor expects a moderate decline in the price of the underlying asset.

• The Bermuda option can be exercised early, but only on certain dates before its expiration date.

• The binomial option pricing model values options using an iterative approach that uses multiple periods to price US options.

• The Black-Scholes Model, also known as the Black-Scholes-Merton Model (BSM), is a differential equation widely used to price option contracts.

• A check bounce occurs when the issuer of the check does not have enough funds to fulfill the payment amount on the check to the payee.

• Boundary conditions were used to establish the minimum and maximum possible values of call and put options prior to the introduction of binomial tree and Black-Scholes pricing models.

• A box spread is an option arbitrage strategy that combines buying a bullish call spread with a corresponding bearish put spread.

• A bull call spread is an option strategy used when a trader bets that a stock will have a limited increase in value.

• Bull Spread Put is an option strategy that is used when an investor expects a moderate increase in the price of the underlying asset.

• A bull spread is an optimistic option strategy used when an investor expects a moderate increase in the price of the underlying asset.

• The butterfly spread is an option strategy that combines bullish and bearish spreads.

• A buy order to open is commonly used by traders to open positions on a given option or stock.

• A call can refer to either a call auction or a call option.

• A call is an option contract that gives the holder the right, but not the obligation, to buy a certain amount of the underlying security at a certain price for a certain time.

• A canceled check is a check that has been redeemed by cashing or depositing it, making the check invalid for further transactions and cannot be reused.