Bookout

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Bookout

To close a position on an over-the-counter derivative, especially a swap. One may bookout by selling a long position, buying a short position, or simply paying the market value of the derivative to the other party of the transaction.
References in periodicals archive ?
Transport4 has worked with industry leaders to develop eBook-Outs to offer a service that automates, standardizes and documents the current manual book-out process.
It solves the unique scheduling challenges caused by a convoluted interstate pipeline system, intricate FERC regulations, and complexities such as capacity management, storage management, imbalances, book-outs, lending and parking.
Reconciliation of book-outs is smoothed by setting varying payment terms on different accounts, facilitating string and circular settlement requirements.