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 ?
Alpharetta, GA, October 30, 2014 --(PR.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.
Transport4 has worked with industry leaders to develop eBook-Outs to offer a service that automates, standardizes and documents the current manual book-out process.