What Is a 'Bespoke' Derivatives Contract? ▴ Learn

What Is a ‘Bespoke’ Derivatives Contract?

A bespoke derivatives contract is a non-standardized agreement specifically tailored to the unique needs of the two counterparties. In the OTC market, this means the contract's terms ▴ such as strike price, expiration, underlying asset, and exercise style (e.g.

American) ▴ are negotiated and customized, unlike the standardized contracts on an exchange.

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