A pricing structure in securities, foreign currencies and commodities trading wherein the prices of far future deliveries exceed those of...
A basic interest rate swap whereby a fixed rate is paid for a floating rate in the same currency. In...
A total return swap (TRS) entails the payment of fixed or floating interest in return for the total return of...
A total return swap (TRS) entails the payment of fixed or floating interest in return for the total return of...
An at-the-money forward straddle that underlies a forward volatility agreement (FVA). This agreement involves buying or selling the straddle at...
Foreign exchange collar; an option-based strategy which is established by purchasing a European-style option (the cap) and selling of another...
An option-based strategy which is established by purchasing a European-style option (the cap) and selling of another (the floor), both...
The interchangeability which characterizes a futures contract. More precisely, futures contracts for the same commodity and delivery month and which...
The fixed swap rate that is associated with a forward settlement. If the yield curve is upward sloping, this rate...
A bizarre swap transaction (a proprietary leveraged rate swap) that was entered into between Bankers Trust (BT) and Procter &...