Business and Personal Finance Dictionary

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• BOBL FUTURES OPTION
  
  An American option that settles into a BOBL Futures (q.v.) contract. Payment of the option premium is "futures-style", which means none of it occurs immediately, and a piece of it occurs with each daily mark-to-market. An implication of this is that the "buyer" (really, the "long") may pay no premium and the "seller" (really, the "short") may pay all the premium! (Source: http://www.exchange.de/dtb/BOBL-future-option.html)
  
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