Derivatives · glossary

Calculation statement

The written statement of the sum due when trades end early. It binds unless there is a manifest error, subject to the dispute route. The bank's first statement asked for €581,000, and after Atlas found two date errors the revised one asked for €486,000. Clause 6.4 · Chapter 12

Explained in Chapter 12, Close-out: the Number, of Derivatives.

Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.

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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Derivatives → · All terms A–Z →