Home > Term: sale not long (SNL) check
sale not long (SNL) check
Sale not long (SNL) check is a position check for a specific security. This check is done for Closing orders (for example a Sell and Buy To Cover orders are closing orders). In addition to the current order all other "closing orders", open covered call orders and covered call positions for the specific security are included in the SNL position check calculations.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
0
Creator
- MJ63
- 100% positive feedback