|
Unrealized Gain/Loss |
The theoretical gain or loss on open positions valued at
current market rates, as determined by Delta Stock at its
sole discretion. Unrealized gains/losses become
profits/losses when the position is closed. |
|
Used Margin |
The amount in the client’s account required to support all
the current positions. |
|
US Prime Rate |
The rate at which US banks will lend to their prime
corporate customers. |
|
Ultimo: |
Continental term for month or year end. |
|
Uncovered: |
Another term for an open position.Under reference:
(Order): |
|
Under-valuation: |
Before finalising a transaction all the details should be
submitted for approval to the order giver, who has the
right to turn down the proposal. |
|
Undo: |
An exchange rate is normally considered to be undervalued
when it is below its purchasing power parity. |
|
Uniform Price Auction: |
A colloquial term for reversing a transaction. e.g. a spot
sale by means of a forward purchase or if done in error a
spot purchase. |
|
Unit of Account: |
See Dutch Auction. |
|
Unload: |
A device designed to provide a consistent value with
varying currencies. eg. ECU and SDR. |
|
Unmatched Book: |
Term for sale of assets or unwinding positions either to
limit loss or to undermine other market participants
positions. |
|
Unwind: |
If the average maturity of a banks liabilities is less
than that of its assets, it said to be running an
unmatched book. |
|
Up tick: |
Selling of assets and or instruments to square a position. |
|
US Quote: |
A transaction executed at a price greater than the
previous transaction. |
