abu yahya's definitions
(FINANCE) for a financial instrument, the person/institution who takes the opposite position. For example, in a credit default swap (CDS), the buyer is someone who needs insurance against the possibility that a borrower will default on a loan. In that case, the counterparty is whoever receives the CDS premiums, and pays out in the event of default.
The purpose of financial options is to minimize risk to the buyer; therefore, it creates potentially lucrative opportunities for the counterparty, because the counterparty takes on so much risk.
by Abu Yahya April 5, 2010
Get the counterparty mug.potentially any association of people with a common set of goals, who are politically active as such. However, pressure groups are usually understood to be more grassroots and issue-oriented, rather than interest-oriented (so they are not quite the same as a lobby). Hence, pressure groups are likely to include groups opposed to human rights violations and neighborhood "renewal" projects.
The London-based pressure group, Survival International, called on oil companies to immediately withdraw from Peru, describing the incident as "the Amazon's Tiananmen" and accusing security forces, who have since imposed a curfew over the region, of burying and burning corpses to hide the scale of the killing.
"Peruvian Indians are being driven to desperate measures to try to save their lands which have been stolen from them for five centuries," said the director of Survival, Stephen Corry. "This is the Amazon's Tiananmen. If it finishes the same way, it will also end Peru's international reputation."
M@RCONECTADO, "The jungle massacre: Peru's tribal chief flees country" (11 June 2009)
"Peruvian Indians are being driven to desperate measures to try to save their lands which have been stolen from them for five centuries," said the director of Survival, Stephen Corry. "This is the Amazon's Tiananmen. If it finishes the same way, it will also end Peru's international reputation."
M@RCONECTADO, "The jungle massacre: Peru's tribal chief flees country" (11 June 2009)
by Abu Yahya June 12, 2009
Get the pressure group mug.(FINANCE) a limited liability partnership (LLP), originally limited to 99 partners, and organized to trade securities under specialized guidelines. The first hedge funds were organized to be a counterparty to the riskiest forms of derivative transactions: writing exotic options or swaps in which the buyer transferred most risks (and potential gains) to the hedge fund, but then offsetting the risk with different derivatives.
The first hedge funds benefited (or thought they benefited) from the Black-Scholes formula used to calculate the value of options; supposedly a hedge fund manager could design an immensely complex portfolio consisting mainly of explosively volatile instruments , whose pieces were supposed to absorb each other's risk.
Hedge funds mainly avoided the consequences of the financial meltdown they helped create, racking up gains through the '00's that far exceeded the rest of the stock market.
The first hedge funds benefited (or thought they benefited) from the Black-Scholes formula used to calculate the value of options; supposedly a hedge fund manager could design an immensely complex portfolio consisting mainly of explosively volatile instruments , whose pieces were supposed to absorb each other's risk.
Hedge funds mainly avoided the consequences of the financial meltdown they helped create, racking up gains through the '00's that far exceeded the rest of the stock market.
The hedge fund used to play a major role in absorbing and structuring the risks associated with hedging risks associated with large portfolios, but they now are sophisticated gambling enterprises.
Hedge funds supply market liquidity for the most exotic of instruments.
Hedge funds supply market liquidity for the most exotic of instruments.
by Abu Yahya September 2, 2010
Get the hedge fund mug.The phenomenon of people condemning vices they have indulged in themselves already, and since given up. Inspired by the _Confessions_ of Augustine (417 CE), in which Augustine describes his career path and then denouces the things he did to get to where he is.
WHY IT'S BAD
With SAS, the perpetrator has received the BENEFITS of a particular vice. It could consist of sleeping one's way to the top, or lying a lot, or getting divorced, or indulging a vice until it gets tiresome. At that point the perpetrator makes a big display out of quitting the vice and condemning it publicly. It's like climbing a ladder out of a ditch and then pulling the ladder up so others can't get out of the ditch; and to add insult to injury, the perpetrator ridicules the desire to use the ladder.
Like other forms of hypocrisy, it's destructive because it enforces stupid social codes. If the social codes were right all along, then the perpetrator should not get off the hook for violating them, but, in effect, he gets praise for having done so (and having "kicked the habit"). If the codes were wrong, then they should be confronted . And finally, it's bad because it creates a meritocracy of bullshit.
WHY IT'S BAD
With SAS, the perpetrator has received the BENEFITS of a particular vice. It could consist of sleeping one's way to the top, or lying a lot, or getting divorced, or indulging a vice until it gets tiresome. At that point the perpetrator makes a big display out of quitting the vice and condemning it publicly. It's like climbing a ladder out of a ditch and then pulling the ladder up so others can't get out of the ditch; and to add insult to injury, the perpetrator ridicules the desire to use the ladder.
Like other forms of hypocrisy, it's destructive because it enforces stupid social codes. If the social codes were right all along, then the perpetrator should not get off the hook for violating them, but, in effect, he gets praise for having done so (and having "kicked the habit"). If the codes were wrong, then they should be confronted . And finally, it's bad because it creates a meritocracy of bullshit.
A good example of St Augustine's Syndrome is Doctor Laura Schlessinger, the evangelical talk radio host who climbed her way to the top, divorced, and then renounced feminism. Many putative sages are famous for having had, earlier in their lives, immense amounts of sex with numerous partners, only to renounce the ways of the flesh and denounced materialistic society.
by Abu Yahya March 21, 2010
Get the St Augustine's Syndrome mug.(FINANCE) create a call option that allows the future owner to buy a set number of shares of an underlying stock at a fixed strike price. May also be for traded items other than stock. The writer of a call option is both the counterparty and the originator of the derivative.
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A call option is a product that allows an investor to take a long position on a stock without actually owning it; if the underlying stock rises in value, the call option rises a lot more. The increased potential windfall is offset by the much greater likelihood that the investor will lose the entire initial investment.
The writer of the option is presumed to own the thing offered for sale; if the price of the underlying stock rises above the strike price, then the owner of the option will presumably exercise it and pocket the profit. Thus, there is a risk to the writer of the option that all of the profits from owning the stock will go to the buyer of the option. This risk is offset by the fees the writer charges for the option.
In some cases, a speculator may write an option for shares of stock that she does not own. This is particularly risky, since the price of the underlying stock could rise above the strike price, forcing the writer to buy the shares at a high price in order to sell them at a low price.
______________________________
A call option is a product that allows an investor to take a long position on a stock without actually owning it; if the underlying stock rises in value, the call option rises a lot more. The increased potential windfall is offset by the much greater likelihood that the investor will lose the entire initial investment.
The writer of the option is presumed to own the thing offered for sale; if the price of the underlying stock rises above the strike price, then the owner of the option will presumably exercise it and pocket the profit. Thus, there is a risk to the writer of the option that all of the profits from owning the stock will go to the buyer of the option. This risk is offset by the fees the writer charges for the option.
In some cases, a speculator may write an option for shares of stock that she does not own. This is particularly risky, since the price of the underlying stock could rise above the strike price, forcing the writer to buy the shares at a high price in order to sell them at a low price.
ANNA: See, here we can see management has totally screwed up. The share price is going to fall, so we should write a call.
BILL: But we don't own any shares of their stock!
ANNA: Yes, I pity the fool who buys our options!
BILL: But we don't own any shares of their stock!
ANNA: Yes, I pity the fool who buys our options!
by Abu Yahya April 5, 2010
Get the write a call mug.World's 3rd largest company (2009 sales: $310 billion); 2nd largest oil company (after Royal Dutch Shell).
Founded by John D. Rockefeller in 1862 in Titusville, PA as Rockefeller & Andrews Oil. Using combination of trust agreement and a holding company based in NJ, grew to totally dominate oil production, transport, and retailing. Standard Oil incorporated 1870.
Trust agreements revoked (court order) 1892; SO holding company broken up 1911 into 35 entities, including: Exxon, Mobil, Chevron, ARCO, Conoco, and Amoco. Amoco and ARCO were absorbed by British Petroleum, while Conoco merged with Phillips, Chevron merged with Texaco, and Exxon merged with Mobil.
Apologies to Urban Dictionary for misspelling the company's name "Exxon Mobile" in the definition for BP, p.l.c..
Founded by John D. Rockefeller in 1862 in Titusville, PA as Rockefeller & Andrews Oil. Using combination of trust agreement and a holding company based in NJ, grew to totally dominate oil production, transport, and retailing. Standard Oil incorporated 1870.
Trust agreements revoked (court order) 1892; SO holding company broken up 1911 into 35 entities, including: Exxon, Mobil, Chevron, ARCO, Conoco, and Amoco. Amoco and ARCO were absorbed by British Petroleum, while Conoco merged with Phillips, Chevron merged with Texaco, and Exxon merged with Mobil.
Apologies to Urban Dictionary for misspelling the company's name "Exxon Mobile" in the definition for BP, p.l.c..
Exxon Mobil operates 37 oil refineries in 20 countries; in the USA, it owns and operates about 12,000 service stations.
Exxon Mobil mostly evaded any significant financial responsibility for the 1989 Exxon Valdez tanker crash, the 2nd worst oil spill in US history (since eclipsed by the 2010 Deepwater Horizon blowout. That disaster cost the company about $4.5 billion, paid out over 20 years (or roughly 2% of profits over that time period).
Exxon Mobil mostly evaded any significant financial responsibility for the 1989 Exxon Valdez tanker crash, the 2nd worst oil spill in US history (since eclipsed by the 2010 Deepwater Horizon blowout. That disaster cost the company about $4.5 billion, paid out over 20 years (or roughly 2% of profits over that time period).
by Abu Yahya July 18, 2010
Get the Exxon Mobil mug.*adj*; the tendency of some systems to return to normal conditions after a disruption. For example, a spinning gyroscope will return to its original inclination if you push it away. The term is usually applied to theories about how the economy works.
Economists traditionally describe market economies as self-correcting. However, when depressions or recessions strike, they are usually obligated to help the process along.
by Abu Yahya March 23, 2009
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