Embedded option and Pip: Difference between pages

Revision as of 13:30, 21 August 2013

1.

The most junior digit in a foreign currency quotation.

2.

More generally, a minimum price movement for any quoted instrument or asset.

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-A provision in a debt security which allows the issuer or the holder to exercise an option - this is generally a call option (issuer) or a put option (holder).   The option is generally linked to specific dates and may be subject to other conditions.
+The most junior digit in a foreign currency quotation.
+.
+More generally, a minimum price movement for any quoted instrument or asset.
-.
-A provision in a debt security which links payments on the security to pre-specified changes in an underlying security, currency, index or commodity.
 == See also ==
-* [[Call option]]
+* [[Basis point]]
-* [[Put option]]