Page 68 - PRIAA Glossary

EXTENDIBLE SWAP
A financial instrument with an embedded option constructed on a similar principle to a double-up swap. An extendible swap allows the provider to extend the swap at the end of the agreed period for a further predetermined period.
EXTERNAL FRAUD
Risk of losses due to acts of a type intended to defraud, misappropriate property or circumvent the law, by a third party.
EXTRACTION PLANT
Facilities that remove natural gas liquids (NGLs) from raw or processed natural gas. Extraction plants can remove an NGL mix, but cannot split the NGL into its separate components. This requires fractionation towers and separate component storage facilities.
EXTRACTION PREMIUM
The price that the extraction plant pays to the producer or shipper to obtain the right to extract the NGLs from the natural gas.
EXTRAORDINARY DIVIDEND
Any dividends that are announced by the share issuer outside of their regular dividend schedule.
EXTRAORDINARY EVENT
An event or a series of events that have implications for various financial aspects of the markets like interest rates, liquidity, prices of assets, etc. It is usually one which is highly unforeseeable and unexpected by most people and is unlikely to occur.
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