over the counter derivative


A type of financial derivative that has its transaction directly negotiated between two parties rather than through an exchange. Some financial derivatives, such as a swap, a forward rate agreement or an exotic option, are usually done over the counter.

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The over the counter derivative w better for us because it was directly between us and we didn't have to do anything else.

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You may want to try and shop around to get the best price on an over the counter derivative that you think will hit it big.

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For the betterment of the company, the CEO and his company counterparts thought it was in the best interest of everyone involved if there used and over the counter derivative instead of an exchange.

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over improvement exchange-traded derivative