Financial Glossary: Calculation Agent


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Calculation Agent

Calculation Agent

A person who calculates the value of a Derivative or the amount owing from each party in a Swap agreement.

In most cases, a calculation Agent Will be a professional market maker. If more than one calculation Agent has been chosen, they are referred to as co-calculation agents and have a shared responsibility. Futures contracts, Forward contracts, options and swaps are the most common types of derivatives.

A market maker is a Broker-dealer firm that accepts the Risk of holding a certain number of shares of a particular Security in order to facilitate trading in that Security .Traditionally, a Swap is the Exchange of one Security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed.

Posted by Information Management Network LLC.

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