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Derivatives

  Derivatives   |   Terms
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  • June 27, 2022
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When Issued Option

An option whose underlying is the next treasury bond or note to be issued, bearing a particular maturity. In other words, this option is made conditionally, not officially, because the underlying has been authorized, but it still needs to be issued on a future date.

“When issued” is actually short for “when, as, and if issued”.


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