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Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 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.  6, record 1, English, - offsetting%20transaction

Record number: 1, Textual support number: 1 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.  7, record 1, English, - offsetting%20transaction

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 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).  2, record 1, French, - op%C3%A9ration%20de%20sens%20inverse

Record number: 1, Textual support number: 1 OBS

L'opérateur se trouve alors dans deux positions contraires qui s'annulent, dénouant ainsi sa position initiale, acheteur ou vendeur.  2, record 1, French, - op%C3%A9ration%20de%20sens%20inverse

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

A washout is not a cancellation of a contract. It is when one party seeks to terminate the contract before its expiry and pays out the difference between the original contract price and the market price at the time of the washout. It is not a default; it is an agreement between the two parties not to take a contract through to full execution, and to negotiate a payment to compensate the other party for any costs for early termination of the contract. Either the buyer or seller can seek a washout - if no agreement is reached on the washout price, the contract stands.  3, record 2, English, - contract%20wash%20out

Record number: 2, Textual support number: 2 CONT

Wash outs are common to all commodity trading. Common reasons for wash outs are a seller's inability to cover, to supply the goods under contract for reasons which cannot be considered "force majeure".  2, record 2, English, - contract%20wash%20out

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Opération de règlement en espèces prévue aux termes d'un contrat à livrer, par laquelle le vendeur paie à l'acheteur la différence entre le prix stipulé au contrat et le cours du marché de la marchandise à livrer à la date de liquidation.  1, record 2, French, - liquidation%20de%20contrat

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish