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CISCommonwealth of Independent StatesSimilar MatchesAdjusted exercise priceAdjusted exercise priceTerm used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages. For example, if the standard GNMA mortgage has an 9% yield, the price of GNMA pools with 13% mortgages in them is altered so that the investor receives the same yield. Decision treeDecision treeSchematic way of representing alternative sequential decisions and the possible outcomes from these decisions. Nominal exercise priceNominal exercise priceThe exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price. Her Majesty's Customs and ExciseHer Majesty's Customs and ExciseThe government department which collects customs and excise duties and VAT. Automatic exerciseAutomatic exerciseA protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in-the-money option by automatically exercising the option on behalf of the holder. Further Suggestionsresult of exercising optionExcise tax Exercising the option Aggregate exercise price One decision stock Exercise settlement amount European style exercise Security selection decision Right of rescission early exercise European Exercise exercise price Exercise value Return if Exercised excise taxes Decision Break Point Analysis exercise notice exercise Capital allocation decision Process Decision Program Chart (PDPC) Managerial decisions Mutually exclusive investment decisions excise duty |
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