Cheapest To Deliver
Definition of Cheapest To Deliver
- Short position: Current price of security + accrued interest
- Long position: Settlement price x conversion factor + accrued interest
Related Terms
Ask Or Offer Price
Grey Market
By definition, the grey market is an over-the-counter market because of the lack of regulation and structure.
Underwriters of an IPO gauge market demand for a share by analyzing the grey market premium for it before going public.
Macro Analysis
Trendline
Exit Load
Every mutual fund charges a different exit load based on the discretion of the fund manager. ETFs, liquid funds, and other debt funds typically have little to no exit load whereas equity funds do.

