See Also: scupper 1, verb(dictionary)
scupper(1)(dictionary)
scupper(medicine)
scupper(2)(dictionary)
scupper 2, noun(dictionary)
Scupper - Sailing(gambling)
Tight money or dear money(finance)
money(encyclopedia)
money(2)(dictionary)
Hot Money(money)

Ex-pit transaction (money) and scupper 1, verb (oh)


Ex-pit transaction (money)


Definition: [crh] The closing out of a futures position off the exchange floor. Effected when two hedgers, one long and one short, make a private deal in the cash market, and no longer need their (equal and oppoDefinition: site) futures contracts to hedge. The hedgers contact the exchange and request the contracts be nullified without making a trade on the floor. This must be done (1) to ensure neither contract resulDefinition: ts in delivery/the requirement to deliver; (2) to properly reflect open interest; and (3) to eliminate the uncertainty of the fill price should a trade actually be done to offset the positions. ExtrDefinition: emely rare. Also known as an EFP transaction, an exchange-for-physicals transaction or an against-actuals transaction.







scupper 1, verb (oh)



to ruin someone's plans or chance of being successful - used especially in news reports
American Equivalent: scuttle
::Plans to build a private hospital have been scuppered after a government inquiry.
to deliberately sink your own ship