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Wildcard

• Is the unilateral choice of one party to a transaction. For bond futures, the wildcard or seller's option refers to the selection of coupon and allowable maturity to be made against delivery.

 
 Embedded terms in definition
 Bond
Coupon
Delivery
Futures
Maturity
Option
Seller's option
 
 Referenced Terms
 Seller's option: Is the contractual latitude or choice of the seller in a transaction to pick the date, grade, coupon, or maturity of a deliverable commodity or actual security. The degree of latitude varies according to the different exchanges and markets. See Wildcard.

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