05.07.2009
A way to finance large infrastructure projects without having recourse to the public purse
A way to finance large infrastructure projects without having recourse to the public purse
An option which gives the buyer, or holder, the right, but not the obligation, to sell a futures contract at a specific price within a specific period of time in exchange for a one-time premium payment. It obligates the seller, or writer, of the option to buy the underlying futures contract at the designated price, should an option be exercised at that price.