D

Day count fraction: The proportion of a year by which an interest rate is multiplied in order to calculate the amount accrued or payable.
Dealer: Individual or firm that acts as principal in all transactions, buying for their own account.
Default: Failure to perform on a futures contract, either cash settlement or physical settlement.
Deliverable basket: The list of securities which meets the delivery standards of futures contracts.
Delivery: The physical movement of the underlying asset on which the derivative is based from seller to buyer.
Delivery versus payment: Settlement where transfer of the security and payment for that security occur simultaneously.
Dematerialized (form): Circumstances where securities are held in a book entry transfer system with...

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Controls, Procedures and Risk