assign

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Assign

In futures and options, to select, usually at random, a client with a short position to make delivery on a contract. That is, a clearing house randomly assigns a brokerage with a short position on a futures contract or option to make delivery of the underlying asset to one of the clearing house's clients with a long position on the same contract. When a brokerage is assigned to make a delivery, it also randomly assigns a client with a short position to make the delivery to the brokerage.

assign

To decide which writer of an option or futures contract (the party that is short the security) will be required to perform the terms of the contract. Clearing corporations and brokerage companies usually assign this responsibility in a random manner when the holders of the contracts ask for delivery of the asset specified in the contract.

assign

To transfer one's property rights or contract rights to another.In the context of real property,an assignment is commonly used in three circumstances:(1) An investor signs a contract to purchase real property and reserves the right to assign that contract to some business entity to be created in the future, but still owned or controlled by the same investor. (2) An investor wishes to purchase property anonymously because of fears the owner will increase the asking price if he or she knew the identity of the true purchaser.As a result,the investor employs a straw man to sign the purchase contract,and the contract is then assigned to the ultimate purchaser.(3) A speculative purchaser of condominium units or other property to be built in the future will sign a purchase contract for a fixed price,in the expectation that prices will increase dramatically by the time construction is completed. At that time the speculator may then assign their (below-market price) contract to another for a substantial profit.

References in periodicals archive ?
Mossey is being assigned as commander, Pacific Division, Naval Facilities Engineering Command, Pearl Harbor, Hawaii.
We have assigned pluses to the "nays" because this legislation would further federalize the criminal code as well as punish not only criminal acts but the thoughts behind them.
He was assigned to 1st Battalion, 5th Marine Regiment, 1st Marine Division, I Marine Expeditionary Force, Camp Pendleton.
With more than thirty different grades assigned and a range of more than forty points for the same paper, it is no wonder than the interpretation of assigned grades is extremely difficult.
Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional reserve funds in millions of U.
When electronic records are indexed in an EDMS, EIS, or RMS system, they are also assigned a record series code.
As much as possible, rotations should take place within the officer's assigned organization.
The biological cell has an assigned value of MESF which is the same as that of the microbead because both have the same fluorescence yield.
Currently there are about 20 sergeants and three lieutenants assigned to the LAPD's Jail Division.
This patent has been cited by the following patents: -- US Patent 5,893,101 assigned to Systems Research & Applications Corporation -- US Patent 6,098,092 assigned to Microsoft Corporation -- US Patents 5,903,892, 6,282,549, 6,370,543 and 6,374,260 assigned to Insolvency Services Group, Inc.
Godwin III is being assigned as director, Navy and Marine Corps Intranet (NMCI), Arlington, Va.