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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 ?
The Long-Term rating assigned to the series DBE-7008 Custodial Receipts is based on the bank providing credit enhancement and will reflect all changes to that rating.
We have assigned pluses to the "yeas" because Paul's amendment would (in Paul's words) seek to end a "massive unconstitutional and immoral" transfer of income from working Americans to government-sponsored enterprises.
Luna was assigned to the 1st Battalion, 63rd Armor Regiment, 1st Infantry Division, Vilseck, Germany.
In certain courses in which competency is to be developed, some instructors have assigned grades at the end of the course on the basis of a student's sustained performance, regardless of the actual average attained or the average of the others in the course.
It is a good assumption that the value of MESF assigned to the labeled antibodies does not change appreciably when the antibodies are bound to cells.
We have assigned pluses to the "yeas" because our national sovereignty must be preserved by getting out and staying out of the United Nations and all of its agencies, including UNESCO.
Rating Modifiers are assigned to Best's Ratings and Financial Performance Ratings to identify companies whose rating opinions are Under Review (u) and may be subject to near-term change; or Qualified (q) which may be assigned to HMOs, Canadian insurers and U.
Central Bancshares of Kansas City, Inc (Kansas City, MO) - affirmed "bbb", assigned "nr" --Central Bank of Kansas City (Kansas City, MO) - affirmed "bbb+", assigned "nr"
Best has assigned an FSR of A- (Excellent) and an ICR of "a-" to Twin Bridges (Bermuda) Ltd.
The ratings assigned are the same as ratings assigned to Mellon's other bank subsidiaries, Mellon Bank N.
The FSR of A (Excellent) and the ICR of "a" of the following entities have been affirmed, removed from under review and assigned a stable outlook: