Handle

Handle

Handle

The whole-dollar price of a bid or offer is referred to as the handle (ie. if a security is quoted at 101.10 bid and 101.11 offered, 101 is the handle). Traders are assumed to know the handle.

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Haircut

Haircut

Haircut

The margin or difference between the actual market value of a security and the value assessed by the lending side of a transaction (ie. a repo).

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