• 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.
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| ||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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