Public Debt Market Glossary

Public Debt Market Glossary

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Open position 
An open position is a derivative instrument that is cleared through a clearing house and which consists of the number of contracts of said instrument that remain current at a certain point in time, because they have not been redeemed early due to a transaction of the opposite sign or because they have reached their maturity date.
Open repurchase transaction 
Transaction with a fixed period during which the buyer has the option to demand the repurchase of the securities by the initial seller, in the conditions established at the time of trading. Said conditions are usually fixed in terms of internal profitability, regardless of when the option is exercised. These are rare operations that are usually contracted between management companies and their clients.
Outright transaction 
A single sale or purchase transaction. It can be spot or forward.
Own account 
An individual record of the debt balances maintained in one's own name in the Book-Entry System.