Set up

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Set up

Applies mainly to convertible securities. Arbitrage involving going long the convertible and short a certain percentage of the underlying common. Antithesis of Chinese hedge.

Set Up

In arbitrage, the practice of taking a long position on a convertible security and taking a short position on the underlying asset of that convertible security. The investor makes a set-up hedge in hopes that the price of the underlying asset will rise, allowing him/her to profit from the increase in the price of the convertible security. On the other hand, if the underlying asset falls in price, the investor profits from the short sale of the underlying asset. A set-up hedge is the opposite of a Chinese hedge. See also: Convertible arbitrage.

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The source said that initially a grant of Rs200 million will be made available for the set ups, which will likely to be fully operational within the next four months.

Five BHUs to be upgraded in rural, urban areas of Islamabad

Owing to lack of lab facilities in Allied Hospitals and other government set ups in Rawalpindi, patients often go to private set ups to get lab tests.

Committee formed to scrutinise private health laboratories

"The limit switches and relay-logic devices of the past made it difficult to set up a new job," notes Roe.