Escrow Receipt
A bank guarantee that an option writer has the underlying security on deposit and that the underlying security is readily available for delivery if the option is exercised.
European Option ...
Escrow Receipt - A receipt issued by a bank in order to verify that a customer (who has written a call) in fact owns the stock and therefore the call is considered covered.
Escrow receipt
A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery.
Depository trust receipt: A written guarantee that can be used for money or stock, and to cover either calls or puts. Unlike escrow receipts or bank guarantee letters, which can only be used once, ...
escrow receipt A certificate which guarantees that the securities underlying an option contract...
 See also: Deposit, Chart, Asset, Expiration Date, Exercise
  
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