Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

Nachtodliche Belehrungen zu Persönlichkeiten

Nachtodliche Belehrungen zur Philosophie

Nachtodliche Belehrungen zur Theologie

Nachtodliche Belehrungen zu verschiedenen Themen


Close-out and Closeout (also used in German; less frequently contract derecognition)

The process of offsetting existing contracts one legal second before the insolvency of a partner on the part of the clearing house (to prevent further losses from positions carried by the entity that has defaulted). – In the case of a swap transaction – and especially in the case of an interest rate swap – this is understood to mean the premature termination of a corresponding contract. Both partners agree to remove the contract from their books and to pay the difference at the current market price on the date of contract termination for the entire term of the swap on the same day. The payment to be made by either partner is then calculated using financial mathematical formulas based on the mark-to-market approach. – See assignment, clearing house, automatic, reversal.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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