• 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
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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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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