CORPORATE & INSTITUTIONAL GLOSSARY

Odd Dates

Off-Balance Sheet Lease/Operating Lease

Offer

Open Account

Open Cargo Insurance Policy

Open Position

Option

Option Buyer

Option Contract

Option Seller

Optional Dividend

Originating Depository Financial Institution (ODFI)

Out-Of-The-Money

Outright Forward Exchange

Deals within the market are usually for spot, one month, two months, three months, or six months forward. Other dates are odd dates, and prices for them are frequently adjusted with more than a mathematical difference. Hence, most market deals are for regular dates, although commercial deals for odd dates are common.