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Call date |
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Call dateA date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond for a specified call price.Call dateThe date on which a bond may be redeemed by the issuer before maturity which may be at par or at a higher value. The difference is known as the call premium.Similar MatchesIrrational call optionIrrational call optionThe implied call imbedded in a MBS. Irrational because the call is sometimes not exercised when it is in the money (interest rates are below the threshold to refinance), and sometimes exercised when it is not in the money. Option exercise like this affects payments on the MBS. CallabilityCallabilityFeature of a security that allows the issuer to redeem the security prior to maturity by calling it in, or forcing the holder to sell it back. Call paymentCall paymentA payment made by investors for new shares. The term would apply to payments made when a company first floats on the stock exchange and also when it has a rights issue. Call payments can be staged. For instance, if you subscribe to an offer on flotation, the terms may require you to pay in two instalments - the first at the time of your subscription and the second six months later. Issuing companies use this as a device to attract shareholders, and it was widely used when the UK government privatised its state-owned industries in the 1980s and 1990s. Call money rateCall money rateAlso called the broker loan rate , the interest rate that banks charge brokers to finance margin loans to investors. The broker charges the investor the call money rate plus a servicecharge. Put call parity relationshipPut call parity relationshipThe relationship between the price of a put and the price of a call on the same underlying security with the same expiration date, which prevents arbitrage opportunities. Holding the underlying stock and buying a put will deliver the exact payoff as buying one call and investing the present value (PV) of the exercise price. The call value equals C = S + P - PV(k). Further SuggestionsCall loanTakes a call Cold calling Call option Draw a call Uncovered call writing margin call Provisional call feature Deferred call Call loan rate call provision Effective call price Call price Call option house call Maintenance call Conditional call options Periodic call auction Extraordinary call call warrant Callable Called away Graduated call writing Call provision Call an option |
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