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A short-term interest rate (STIR) future is a futures contract that derives its value from the interest rate at maturation. Common short-term interest rate futures are Eurodollar, Euribor, Euroyen, Short Sterling and Euroswiss, which are calculated on LIBOR at settlement, with the exception of Euribor which is based on Euribor and Euroyen which is based on TIBOR.
Payoffs from a short put position Payoffs from a short call position. A naked option or uncovered option is an options strategy where the options contract writer (i.e., the seller) does not hold the underlying asset to cover the contract in case of assignment (like in a covered option).
The London Interbank Offered Rate (LIBOR) came into widespread use in the 1970s as a reference interest rate for transactions in offshore Eurodollar markets. [25] [26] [27] In 1984, it became apparent that an increasing number of banks were trading actively in a variety of relatively new market instruments, notably interest rate swaps, foreign currency options and forward rate agreements.
In retail, unit price is the price for a single unit of measure of a product sold in more or less than the single unit. [2] The "unit price" tells you the cost per pound, quart, or other unit of weight or volume of a food package. It is usually posted on the shelf below the food.
In 2017, GLS acquired the California-based parcel delivery company Golden State Overnight (GSO) Delivery Service, as well as Postal Express. [4] [5] GSO was renamed GLS-US in December 2019. [6] In September 2018 GLS acquired the Canadian parcel delivery company Dicom, expanding operations in North America and Europe. [7]
James Herbert "Jack" Knight (March 14, 1892 – February 24, 1945) was an American pilot who made the first overnight transcontinental air mail delivery. Knight was part of an airmail relay team that flew 2,629 miles across the United States on February 22–23, 1921 in an effort to show that the airmail service was much faster than the railroads.
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