SENSEX is a Bombay Stock Exchange Index (BSE 30-Share Benchmark Sensex Index).
HAIRCUT is the amount of reduction in market value given to securities pledged as collateral, typically in a repurchase agreement or a reverse repurchase agreement. This reduction assures the lender of funds in this type of transaction that, even if the collateral's market value declines, there is time to call for additional collateral to bring the collateral value back up to an acceptable level.
AT THE MONEY is an option where the strike price is approximately equal to the underlying price.
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