Cylinder

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Cylinder

A series of two transactions involving derivatives in which there is no initial cost to the investor. A common example of a cylinder is the sale of one derivative and the use of the proceeds to buy another. It is similar to a positive carry, but does not necessarily involve offsetting positions.
References in periodicals archive ?
Residents were also instructed to immediately contact and report to the police in case they were offered gas cylinders from unknown individuals.
n On March 25 Filipina Marita Saira suffered first-degree burns when a gas cylinder exploded as she was cooking on the first floor of Dr Jamal Al Zeera Clinic, in Isa Town, where she worked as a receptionist.
The meeting also tackled the means of boosting safety of road users and other topics related to safe transportation of gas cylinders; in addition to ways to curb illegal transport and trade of gas cylinders in unlicensed or non-conforming vehicles.
Replacing and maintaining 5 million gas cylinders will cost the company $140 million, according to Al-Bawsani, a sum they do not have.
However, the ministry has no programme to check gas cylinder blasts.
They were emptying gas cylinders to recycle for scrap.
Sub officer John Davies said the incident brought back memories of hero fireman Richard Jenkins, who was killed in an arson attack in Cardiff in May 2004, when a gas cylinder exploded.
CHAPTER FOUR: Barot discussed the possible use of other explosives for causing the gas cylinders to blow up in case fire was not enough, including ammonium nitrate and flash powder.
DO NOT HOLD ONTO THE HANDGUARD WHILE YOU TIGHTEN OR LOOSEN THE GAS CYLINDER PLUG.
On no account should people change gas cylinders indoors - this should always be done in the open air.
Ventane is doing a brisk business selling gas cylinders to Venezuela's poor.
According to the company, the grease normally used for jumbo jets was used on the gas cylinder valves of the chutes of a DC-10 that had failed to function properly during a regular maintenance check late last year.