ESA

Spanish Peseta, Account A previously used in Andorra and Spain

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Wholesale mortgage banking
The purchasing of loans originated by others, with the servicing rights released to the purchaser.

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Double Hedging

Implies a situation where a trader holds a long position in the futures market in excess of the speculative limit as an offset to a fixed price sale even though the trader has an ample supply of the commodity on hand to fill all sales commitments.


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