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Dirty Spark Spread

A spark spread that captures the gross margin reflecting the economics of a coal-fired power plant. More specifically, it refers...

Down-Variance Swap

A conditional variance swap (also a corridor variance swap) in which realized volatility accrues when the underlying remains below a...

Dense Path-Dependent Option

A hard path-dependent option which takes into account every movement in the underlying asset over the life of the option....

Dual Indexed Floater

A floater whose coupon rate is typically the difference between two reference rates plus (or minus) a fixed percentage (quoted...

Dual Currency Swap

A swap which is typically used to hedge the risk associated with the issuance of a dual currency bond. It...

Dual Option

An option (not to be confused with exchange-traded options which has a different meaning) which gives the holder the right...

Dual Coupon Swap

A fixed-for-floating interest rate swap which comprises a call option granting one counterparty the right to make periodic payments in...

Dual Contingency Option

A variation on a vanilla option in which the holder's payout depends, or is contingent, not only on the performance...

Dual Strike Floor

A modified version of the barrier floor. It is an interest rate floor that comes in the form of an...

Dual Strike Option

An interest rate option which applies one rate for part of the option’s life and another for the rest of...