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

A participating financial institution that originates ACH entries at the request of and by ODFI agreement with its customers. ODFI's must abide by the provision of the NACHA Operating Rules and Guidelines.