online dictionaries of abbreviations

C E F I L N O P R T V W
OT

OTC

Over-The-Counter
Trading of financial instruments such as stocks, bonds, or derivatives directly between two parties. OTC is the opposite of exchange trading which occurs on futures exchanges or stock exchanges.

An over-the-counter contract is a bi-lateral contract in which two parties agree on how a particular trade or agreement is to be settled in the future. For derivatives, these agreements are usually governed by an International Swaps and Derivatives Association agreement.

An over-the-counter market is a financial market where products are traded over-the-counter.

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