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Callable Par Asset Swap

A par asset swap whose underlying asset (e.g. a convertible bond) is repackaged with an equity warrant stripped therefrom, with...

Concave Payoff

A payoff (of some derivative instrument) whose amount is a concave function of the value of the underlying instrument. The...

Circus Option

A cross-currency derivative which constitutes an option giving the holder the right, without the obligation, to enter into a cross-currency...

Circus Swap

A currency swap in which one side is a fixed rate currency and the other a floating rate payment (such...

Capped Swap

An interest rate swap which involves the exchange of fixed rate payments for “capped” floating rate payments. The floating rate...

Cross Currency Option

A cash-settled option that entails the exchange of one currency into another with the premium usually paid in a third...

CBAS

It stands for convertible bond asset swap; an asset swap whose underlying is a convertible bond. In terms of composition,...

Callable Zero Coupon Swap

A zero coupon swap (ZCS) in which the zero coupon leg has the right, without the obligation, to call off...

Convertible Bond Asset Swap

An asset swap whose underlying is a convertible bond. In terms of composition, it is a combination of an asset...

Currency Annuity Swap

A variation on a plain vanilla swap which comes with a key feature that sets it apart. In currency annuity...