Exchange Currency

over the counter derivative

A type of financial derivative that has its transaction directly negotiated between two parties rather than through an exchange. Some financial derivatives, such as a swap, a forward rate agreement or an exotic option, are usually done over the counter.

Related information about over the counter derivative:
  1. Derivative (finance) - Wikipedia, the free encyclopedia
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    U.S. GOVERNMENT PRINTING OFFICE. WASHINGTON : For sale by the Superintendent of Documents, U.S. Government Printing Office. Internet: ...
     
  8. generic risks associated with over-the-counter derivative transactions
    OVER-THE-COUNTER DERIVATIVE TRANSACTIONS. OTC derivative transactions, like other financial transactions, involve a variety of significant risks.