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Convertible Option Contract

A currency option which is combined with a trigger price feature whereby it is converted into a forward forex contract…

Cetes Swap

A swap which is similar to a tesobono swap, but with the collateral being the federal Treasury certificates/ Los Certificados…

Callable Base Rate Swap

A base rate swap which gives the fixed rate payer the right, without the obligation, to terminate the swap at...

COBRA

It is an acronym for credit option on Brady bonds. By definition, it is an option whose underlying is the...

Cross-Currency Floor

A cash-settled option that sets a minimum limit (floor/ interest rate floor) on the spread between two benchmark interest rates…

Continuous Asian Option

An Asian option in which the average of underlying prices, interest rates, indices, etc, is calculated on all the time…

Condor

In option parlance, a condor is a variation on a butterfly option, in which the two short options (sold options)…

CMO Swap

It stands for collateralized mortgage obligation swap. An interest rate swap (specifically an index amortizing swap) in which the amortization of…

Currency-Protected Swap

A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest rates in Japan are very…

Call Spread

An option spread which involves buying a call with a given strike price and expiration date while short selling another…