Admin Address: An Autonity address with admin privileges on a Margin Account.
Capital (C): Sum of deposits less withdrawals, plus Realized PnL.
Clearing: The process of validating, settling, and guaranteeing trades after execution.
Collateral Asset: An ERC-20 tokens used to make trades in AFP products.
Cost Basis (B): The running total used to track the effective cost of holding a position over time.
Dated Futures: Derivative contracts that settle at a specific future timestamp using a reference price from an oracle.
Decentralized Clearing: Permissionless clearing system introduced by Autonity.
Final Settlement Price (FSP): Value used to settle all positions in a Dated Futures product after the TRADEOUT interval.
Final Settlement Process: The process that closes out all open positions in a product once it reaches the FINAL_SETTLEMENT state. interval.
Final Settlement Value (FSV): Value returned from the oracle, transformed to the Final Settlement Price.
Initial Margin Required (IMR): Minimum collateral to open a position, defined as a product parameter.
Intents: An off-chain expression of a user’s intent to trade, which can be submitted to the clearing system for execution.
Intent Account: Address that can submit intents using a Margin Account but lacks admin rights.
Maintenance Margin Available (MMA): Collateral available in a Margin Account for new positions.
Margin Account: Holds the Collateral Asset of an Autonity address.
Margin Account Equity (MAE): Capital plus unrealized PnL on open positions.
Margin Account Registry: The contract that manages the creation and lookup of margin accounts for different collateral assets.
Product Builder: An address that creates and registers new product specifications on the AFP.
Product ID: a derived value from the Product Specification. It is equal to the hash of the concatenated builder and symbol (keccak256(builder, symbol)), and must be globally unique, which means that the same builder cannot create two products with the same symbol.
Product Registry: The contract that manages the registration and lookup of products on the AFP.
Tradeout Interval: The period during which only reducing trades can be submitted for clearing, before final settlement if FSP is available.
Trading Protocol: A protocol that operates a trading venue of any type of trading modality (CLOB, AMM, FBA, etc.).