Escrow receipt

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Escrow receipt

A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery.

Escrow Receipt

A statement by a bank to the holder of a call option stating that the writer (or seller) of the option has deposited the underlying asset with the bank. This guarantees that delivery will be made in proper course should the holder exercise the option.
References in periodicals archive ?
The ratings apply to a unit consisting of the certificates and escrow receipts.
When this is not possible, the escrow receipts which are uninvested between the escrow payment dates and the refunded bond payment dates create the inefficiency.
By the final four years of the cash flow, Fitch anticipates that a significant amount of the escrow receipts from SLGS will have matured.
The preliminary and final ratings apply to a unit consisting of the certificates and escrow receipts.
The preliminary ratings apply to a unit consisting of the certificates and escrow receipts.