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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 ?
It would seem that in those courses in which competency is desired, the latter example would be a reasonable approach to assigning the final mark for a student.
By permanently assigning nursing aides to specific residents, commitment is increased by instilling a sense of "ownership" or personal responsibility to the aides for the care of "their" residents.
This rating approach for deposits clearly exhibits Fitch's emphasis on relative recovery prospects of different creditor classes in assigning issue level ratings.
The procedure for assigning MESF values to microbeads requires accurate measurement of the particle concentration and emission spectra.
The mix of short- and long-term options is the reason for assigning both a long- and short-term rating to the same security.
Assigning entire blocks of numbers to a single rating center "wastes" numbers, because 10,000 numbers could be "used" for only 1000 customers--or even fewer.
has initiated securities rating coverage on Citizens by assigning a AA+ rating to the company's senior unsecured debt and industrial development revenue bonds and a D-1+ rating to its commercial paper.