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Double Step Barrier Option

A barrier option which has barriers both above and below the current underlying price that widen or narrow in steps...

Differential Swap

A currency swap whereby a rate observed in one currency is applied to a principal amount denominated in another currency....

Double Option

A commodity option that gives the holder the right either to buy (call) or sell (put) the underlying asset, but...

Delta Cross Hedge

A hedging technique that is usually deployed in case two mismatches occur: one between the maturities (maturity mismatch) and another...

DvolgaDvol

A third-order greek that measures the sensitivity of the option vomma (volga) in response to a change in volatility. It...

DvommaDvol

A third-order greek that measures the sensitivity of the option vomma (volga) in response to a change in volatility. It...

Drift Rate

The average increase per unit of time in a stochastic variable. Typically, the drift cannot be detected amid all the...

Digital Cap

A digital option that constitutes a cap combined with a European upper barrier. More specifically, it is an option whose...

Deferred Payment Option

An option in which payment of the premium is deferred until the expiration of the option. This option is a...

Deferred Strike Option

An option whose strike price is not specified at the time of the trade. Instead, it is set as the...