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Monthly Overnight Average Swap

An interest rate swap whose floating rate leg is based on the average overnight lending rate over a specific period...

Mismatched Payment Swap

A swap agreement that entails the exchange of two payment types at different times and/or at different intervals. In other...

Multi-Currency Option

An exotic currency option (currency option) that allows investors to hedge their exposures in different currencies and speculators to profit...

Multi-Asset Derivative

A derivative whose payoff depends on the performance of a set of assets, and implicitly on the correlation among the...

Multistep Trees

A multistep binomial tree is an option pricing tool used to figure out the value of American-style stock options and...

Modified Decay

A measure of loss in the time value of an option (or an option portfolio) as a result of the...

Modified Theta

A measure of loss in the time value of an option (or an option portfolio) as a result of the...

Mixed Greeks

A set of Greeks that are calculated based on more than a factor, deriving it once for a factor and...

Mixed Numerical Greeks

An alternative set of Greeks, literally mixed Greeks, (alternative to the so-called analytical Greeks) that are derived and calculated numerically...

Min-Max Floater

A floating-rate note (floater) whose coupon payments fall within an embedded collar. This means the coupon is capped at a...