BAX CONTRACT
A quick investment tool that applies a Canadian banker's agreement (BA) as its base security is called BAX contract. C$1 million is the nominal value of the particular BA that supports the contract and a growth level of three months. Montreal Derivatives Exchange is where the contracts are traded.
Also known as a "banker's acceptance contract".
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Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
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UFMI
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