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Circus Swap

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

Digital Credit Default Swap

Unlike standard credit default swaps which require a valuation following a credit event (usually default), digital swaps simply specify payment...

Double Barrier Binary Option

A double barrier option whose payoff at expiration date is equal to that of a binary option in case during...

Double One-Touch Option

A one-touch option with two American barriers. An investor, buying the option, has the right to define the two barriers:...

Touch-Down Option

A binary option that pays its holder a fixed amount (payoff) at expiration if the underlying price/ rate touches (i.e.,...

Touch-Up Option

A binary option that pays its holder a fixed amount (payoff) at expiration if the underlying price/ rate touches (i.e.,...

Capped Swap

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

Step-Up Swap

An interest rate swap (IRS) in which the fixed-rate payments are increased over the term of the swap and up...

Step-Up Option

A step option which is equipped with an upward strike price reset mechanism effective within a limited period at a...

Touch Option

Any of several types of barrier options which activates, deactivates, or explodes in response to changes in the underlying whereby...