Technical Question Help Please

[tommog]

Hey,

I have been asked a technical question at work and a little unsure of the answer. I know there are some guys here pretty experienced with handling large trading desks. Do you know what "Boxed working capital" is and also how you would identify what could be "unboxed"? Have had a look on google but no real working examples. (This is in a trading desk scenario not bricks and mortar business)

If you could help id really appreciate

 

[OptionParty]

Some explanation of Box trades
https://riskdoctor.s3.amazonaws.com/OTTHRLITE.pdf

Carl

 

[Martinghoul]

"Boxed working capital" has nothing whatsoever to do with options.

It's impossible to know without context, since this is not a common term. Could mean smth like "encumbered" or, alternatively, could refer to working capital that could be netted, but isn't.