Clean

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Clean

In the context of general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additional customers). Natural. Antithesis of open.

Clean

1. Describing a block trade in which the buyer agrees to buy all of the seller's securities or inventory he/she is offering. It often happens that a buyer is only interested in, say, half or three quarters of the securities a seller is offering. This leaves the seller with extra securities he/she does not want, and exposes him/her to the risk that they will be sold either at a low price or not at all. A clean transaction spares the seller from this risk, as the buyer takes all the securities offered off of the seller's hands.

2. Describing a company or individual with little or no debt. See: Clean balance sheet.
References in periodicals archive ?
Following the stake sale, Frank Castellano, the president of DAAG, will join A Clean Slate as president and chief operating officer, while keeping his position at DAAG, the target firm said in a press release.
MODESTO - The JetHawks were given a clean slate with the start of the second half of the California League season.
Jubilee 2000 calls for the international debts of the poorest countries to be written off, removing a burden hanging over millions of people so that they can enter the new century with a clean slate.