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American Futures Option

A futures option that can be exercised at any time before, and including, expiration date. This type of options provides...

Absolute Swap Yield

The fixed rate in an interest rate swap (IRS) expressed as a percentage rate instead of a premium or a...

Absolute Return Swap

An asset swap in which the payoff is made at a set of prespecified dates, where it is determined in...

Average Strike Option

An option whose payoff depends on the difference between the final asset price and the average strike price. More specifically,...

Average Rate Call

An average rate option which gives the holder the right, but not the obligation, to buy the underlying asset, with...

ASRO

It stands for average strike rate option; an option in which settlement or payment on exercise depends on the difference...

Average Strike Rate Option

An option in which settlement or payment on exercise depends on the difference between the cash price or rate at...

Average Price Option

An option in which the exercise price is equal to the average of the underlying asset’s price during the life...

Average Rate Swap

A type of in-arrears swap in which the receiver leg pays coupons depending on the average of an underlying reference...

Average Cap

An interest rate cap the rate in which is an average of the reference rate over a specific period of...