flat book or position
flat book or position
Where the obligations of a company under different spot and futures contracts balance themselves out so that the company is not exposed overall to movements in price.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • flat book — or position Where the obligations of a company under different spot and futures contracts balance themselves out so that the company is not exposed overall to movements in price. Practical Law Dictionary. Glossary of UK, US and international… …   Law dictionary

  • flat position — flat book or position Where the obligations of a company under different spot and futures contracts balance themselves out so that the company is not exposed overall to movements in price. Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

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