Equity Forward Seller
Definition
Equity Forward Seller. The party that sells or writes this forward instrument, that is the party which grants the rights defined by this instrument and in return receives a payment for it.
The forward is always written by the party that is committing to sell the underlying, and is always bought by the party that is committing to take delivery of the underlying on the settlement date. The forward contract is the same as a conventional secondary market sale transaction but with the difference that the settlement date is in the future.
- See 2000 ISDA definitions Article 11.1 (a). FpML: 'A reference to the party that sells ("writes") this instrument, i.e. that grants the rights defined by this instrument and in return receives a payment for it.
- See 2000 ISDA definitions Article 11.1 (a). In the case of FRAs this is the floating rate payer.' Interpretation: this is the party which is the principal or writing party to the contract.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/DER/AssetDerivatives/EquityForwards/index-en.html + |
