An off-market transaction whereby an option's holder exists a nearly worthless, usually deep, out-of-the-money option position. Such a trade is...
A floating-rate note (FRN) in which the periodic coupon depends on the performance of some embedded option with an underlying...
An interest rate swap in which both counterparties pay fixed rate in their respective currencies. It is a type of...
A floater that can be called by the issuer before maturity date. In other words, It is a floater with...
Another name for the snow bear; a hybrid derivative instrument that is used by investors willing to bet on rising...
A floating rate note (FRN) in which the coupon is based on an inverse of a floating rate (capped and...
A coupon swap which gives the fixed rate payer the right, without the obligation, to terminate the swap at a...
A floating rate note (FRN) in which the coupon is based on an inverse of a floating rate (capped and...
A callable LIBOR exotic that helps investors leverage interest rates' movements. This instrument, which is a zero-strike call on a...
A hybrid derivative structure in which the coupon is determined as the difference between the previous coupon and a predefined...