MARKET: General
Also known as the settlement or spot date and refers to the date on which actual settlement /payment or delivery with respect to the underlying transaction will take place.
Value Today
MARKET: General
Also known as same day value or T + 0. This means that a transaction settles on the same day that the transaction takes place.
Value Tomorrow
MARKET: FX
A foreign exchange cash flow that will takes place tomorrow, i.e. one business day after the current/trade date.
Value-At-Risk (VAR)
MARKET: Risk Management
The calculated value of the maximum expected loss for a given portfolio over a defined time horizon (typically one day) and for a pre-set statistical confidence interval, under normal market conditions.
Vega
MARKET: Options
The sensitivity of the value (premium) of an option contract value to changes in implied volatility of the underlying asset.
Vertical Spread
MARKET: Options
An options strategy that involves the buying and selling of multiple options on the same underlying security, same expiration date, but at different strike (exercise) prices. These can be created with either all call options or all put options.
Vols
Term used to describe the pricing input of ‘volatility’ when pricing options
Volatility
MARKET: Options
In finance, a statistical measure of dispersion of a time series around its mean; the expected value of the difference between the time series and its mean; the square root of the variance of the time series
Vostro Account
MARKET: FX
The account that a correspondent bank, holds on behalf of a foreign bank. Also known as a loro account. Vostro is Latin for yours.
