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Expiration Cycle

The dates on which options on a particular underlying expire. The expiration day of an option is the last day the option...

Depreciable Asset

An asset that is subject to depreciation since its acquirement and over the course of its useful life. In this...

Revenue Recognition Concept

An accounting concept that implies that revenue is considered to be earned (realized) once goods or services are sold/ delivered...

Swap Quotation

By convention, the floating rate of a swap is quoted flat without basis point adjustments; e.g., LIBOR flat. The fixed rate is quoted in terms of the on-the-run...

Exchange-Based Contract

A contract (aqd) that involves the exchange of one counter-value for another. For example, exchanging a commodity for an amount...

BV

It stands for book value; broadly speaking, it refers to the historical cost of an entity's assets (total assets) minus...

Book Value

Broadly speaking, it refers to the historical cost of an entity's assets (total assets) minus its liabilities (total liabilities) (hence...

Transformation

The process whereby a bank capitalizes on some sort of mismatch between its assets and liabilities. In other words, this involves a bank’s attempt to...

Realization Concept

An accounting concept that implies that revenue is considered to be earned (realized) once goods or services are sold/ delivered...

Generally Accepted Accounting Concepts

A set of accounting concepts, principles, assumptions and conventions which provides the conceptual basis or framework for financial accounting book-keeping...