The account is used to receive and pay currency assets and liabilities denominated in the currency of the country in which the bank is resident. Note A financial instrument consisting of a promise to pay rather than an order to pay or a certificate of indebtedness. Any day on which notices of intent to deliver on futures contracts may be issued. Odd Lot A non standard amount for a transaction. OECD Organisation of Economic Co-operation and Development.
Membership is the more than developed countries.
Offer The price at which a seller is willing to sell. The best offer is the lowest such price available. Offered Market Temporary situation where offers exceed bid. Offered Market Temporary situation where offers exceed bid. Offset The closing-out or liquidation of a futures position.