Contracts for difference: Difference between revisions
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{{a|eqderiv|}}These days, a short-hand way of referring to an {{tag|equity swap}}, inevitably documented under ISDA’s {{eqderiv}}, as opposed to a direct holding in an [[equity]] security. But in concept at least, any contract by which one agrees to pay or be paid the difference between the price of a un underlier ''now'' and its price at some unspecified point in the future. This kind of CFD can be documented without an {{isdama}} by retail punters (at least in the UK) through retail brokerages. | {{a|eqderiv|}}These days, a short-hand way of referring to an {{tag|equity swap}}, inevitably documented under ISDA’s {{eqderiv}}, as opposed to a direct holding in an [[equity]] security. But in concept at least, any contract by which one agrees to pay or be paid the difference between the price of a un underlier ''now'' and its price at some unspecified point in the future. This kind of CFD can be documented without an {{isdama}} by retail punters (at least in the UK) through retail brokerages. | ||
{{sa}} | |||
*[[Synthetic prime brokerage]] | |||
*[[Archegos]] | |||
Revision as of 12:55, 28 April 2022
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Equity Derivatives Anatomy™
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These days, a short-hand way of referring to an equity swap, inevitably documented under ISDA’s Equity Derivatives, as opposed to a direct holding in an equity security. But in concept at least, any contract by which one agrees to pay or be paid the difference between the price of a un underlier now and its price at some unspecified point in the future. This kind of CFD can be documented without an ISDA Master Agreement by retail punters (at least in the UK) through retail brokerages.