This refers to the stock, futures contract, or cash index that must be delivered when an option is exercised.
The stock, commodity, index or securities contract to be bought or sold under the terms of an investor commitment.
Is the security or commodity that is delivered or being traded when dealing in futures or options.
The variable on which a futures or option contract is based.
or underlier An option or a future is a right or a commitment to buy or sell something at a future date. The underlying is the financial instrument that may or must be bought or sold in each option or futures contract. FAS 133, as amended by FAS 149, defines an underlying to be a specified interest rate, security price, commodity price, foreign exchange rate, index of prices or rates, or other variable (including the occurrence or nonoccurrence of a specified event such as a scheduled payment under a contract). An underlying may be a price or rate of an asset or liability but not the asset or liability itself.
The stock, commodity, futures contract, or cash index against which the futures or options contract is valued.
is the security, cash commodity, forward, futures contract, swap, or other contract or instrument that is the subject of a derivative contract or instrument.
The financial instrument which is the subject of a derivatives contract.
Underlying contract. For EEX futures the Phelix Base or the Phelix Peak obtained on the EEX spot market is the underlying index. EEX futures are the underlying contracts for EEX options.
a variable that, along with either a notional amount or a payment provision, determines the settlement of a derivative
The security or commodity that must be delivered when a contract or warrant is exercised. The price of the underlying is also the main factor that determines the prices of derivatives.
Financial instrument (security, currency, index, commodity etc.) that forms the basis for the performance of a derivative.
The security, commodity or financial instrument that the option conveys the right to buy (in the case of a call) or to sell (in the case of a put).
Is the actual or physical security, commodity, futures, index or basket underlying a derivative product. It is the benchmark for pricing and evaluation purposes.
Shortened term for the underlying commodity upon which futures and options are traded.
Term used to designate assets that might be purchased/sold through the purchase/sale of a derivative instrument.
instrument, stock, basket or index on which a derivative or a certificate is based.
Referring to the stock, commodity futures contract, or cash to be delivered in the event an option is exercised. The term underlying is often used as a noun in its own right, as well as an adjective.
The instrument which the option is based or written on. This can be any tradable instrument which has a defined market price. Common examples include stocks, commodities and cash indexes.
An asset that may be bought or sold is referred to as the underlying.
Container Container for underlying components of an instrument.
The security that one has the right to buy or sell according to the terms of an option contract.
The asset from which the option derives its value. It is what the call owner may buy, or the put owner may sell.
What supports the security or instrument that parties agree to exchange in a derivative contract.
The contracted asset behind a forward, future or option.
1. In derivatives, the security that must be delivered if the contract is exercised. 2. In equities, the common stock that underlies certain types of securities such as warrants and convertible bonds.
The security on which options are being bought or sold.
The "something" that the parties agree to exchange in a derivative contract.
In finance, the underlying of a derivative is an asset, basket of assets, index, or even another derivative, such that the cash flows of the (former) derivative depend on the value of this underlying. There must be an independent way to observe this value to avoid conflicts of interest.