TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LIQUIDATING OPERATION [1 record]

Record 1 2010-06-07

English

Subject field(s)
  • Commercial Law
  • Investment
  • Stock Exchange
DEF

A transaction in which the seller (writer) of an option terminates his/her obligation. In the case of a listed option, a seller effects a closing transaction by purchasing a new listed option having the same terms as the option which is being sold.

CONT

Where price is the only difference between purchase and sale, then an offset or "wash out" can be arranged by settlement of that price difference. Probably the most common occurrence is in futures trading where the clearing house automatically offsets matching purchase and sale contracts belonging to the same party.

French

Domaine(s)
  • Droit commercial
  • Investissements et placements
  • Bourse
DEF

Opération conclue avant l'échéance d'un contrat à terme ou d'un contrat d'option, lorsque l'opérateur décide de dénouer sa position acheteur ou vendeur sur le contrat, en négociant une opération symétrique de sens contraire portant sur un ou plusieurs contrats de mêmes caractéristiques (même montant ou taux de référence, même échéance, même sous-jacent).

OBS

L'opérateur se trouve alors dans deux positions contraires qui s'annulent, dénouant ainsi sa position initiale, acheteur ou vendeur.

Spanish

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