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 ?
com)-- Transport4, a leading provider of pipeline technology solutions, announces the launch of their eBook-Outs service allowing commodity trading companies and their counterparties to find and agree to book-out chains for their petroleum trading obligations.