With prices falling, the stock index futures were below underlying share prices.
Financial and business terms. 2012.
underlying — or underlier An option or a future is a right or a commitment to buy or sell something at a future date. The underlying is the financial instrument that may or must be bought or sold in each option or futures contract. FAS 133, as amended by FAS… … Financial and business terms
underlying stock — ➔ stock1 * * * underlying stock UK US noun [U] FINANCE, STOCK MARKET ► UNDERLYING SHARES(Cf. ↑underlying shares) … Financial and business terms
Underlying — The something that the parties agree to exchange in a derivative contract. The New York Times Financial Glossary * * * underlying un‧der‧ly‧ing [ˌʌndəˈlaɪ ɪŋ◂ ǁ ər ] adjective 1. underlying figure/rate ECONOMICS a rate or figure that shows the… … Financial and business terms
underlying assets — ➔ asset * * * underlying assets UK US noun [plural] FINANCE, STOCK MARKET ► the assets on which another investment product is based, for example, the shares on a stock market in which an investment fund has put money: »Demand for most investment… … Financial and business terms
Underlying — In finance, the underlying of a derivative is an asset, basket of assets, index, or even another derivative, such that the cash flows of the (former) derivative depend on the value of this underlying. There must be an independent way to observe… … Wikipedia
Underlying security — Options: the security subject to being purchased or sold upon exercise of an option contract. For example, IBM stock is the underlying security to IBM options. Depository receipts: The class, series and number of the foreign shares represented by … Financial and business terms
underlying security — For options, the security that is subject to purchase or sold upon exercise of an option contract. For example, IBM stock is the underlying security for IBM options. For depositary receipts, the class, series, and number of the foreign shares… … Financial and business terms
underlying debt — municipal bonds issued by government entities but under the control of larger government entities and for which the larger entity shares the credit responsibility. Bloomberg Financial Dictionary … Financial and business terms
Ordinary Shares — Any shares that are not preferred shares and do not have any predetermined dividend amounts. An ordinary share represents equity ownership in a company and entitles the owner to a vote in matters put before shareholders in proportion to their… … Investment dictionary
equal shares swap — Applies mainly to convertible securities ( convertible security). Selling the underlying common and reinvesting the proceeds in as much of the convertible as can be converted into the number of common shares just sold. Bloomberg Financial… … Financial and business terms
