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European option |
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European optionOption that may be exercised only at the expiration date. Related: American option.European option Similar MatchesEuropean Monetary SystemEuropean Monetary SystemThe monetary system of the EC which attempts to reduce the currency variations between members. The EMS became operational on March 13th, 1979, as the successor to the 'snake in a tunnel'. Its aim was to create a zone of monetary stability in Europe. Its general principles were outlined at the Bremen Summit in July 1978, and the system was presented in detail at the Brussels Summit in December. The EMS consists of three mechanisms: the ERM; accounting and transaction mechanisms related to the ECU; and credit mechanisms to enable central banksą intervention in the currency markets. All the European Community countries belong to the EMS, although not all of them participate in the ERM. European style optionEuropean style optionAn option which can only be exercised by the holder at expiry (unlike American style options which can be exercised at any time until expiry). European termsEuropean termsA foreign exchange quotation that states the foreign currency price of one US dollar. European Monetary AgreementEuropean Monetary AgreementAn intergovernmental organization administered by the OECD that facilitated settlement of balance of payments accounts among its member states from 1958 to 1972. It replaced the EPU, and its functions were taken over by the IMF in 1972. Single European ActSingle European ActTreaty, signed in Luxembourg and The Hague and entering into force 1 July 1987, completing the Single Market. See Europe 1992. Further SuggestionsCentral and Eastern European countriesEuropean Association of Securities Dealers Automated Quotation New European Exchange (NEWEX) European Payments Union European exchange rate mechanism (ERM) European Exercise European, Australia, and Far East index (EAFE index) European Currency Unit European Economic Area European Recovery Program European Union (EU) European Community European Central Bank (ECB) European Currency Unit (ECU) European Monetary System (EMS) European Communities European Free Trade Association European Options Exchange (EOE) Single European Act European Monetary System European style exercise European Association of Securities Dealers Automated Quotation (EASDAQ) European Economic Community |
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