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Digital No-Touch Option

A digital option that pays out if the underlying doesn’t touch (breach) a specified barrier. Therefore, the option includes a...

Digital Instant One-Touch Option

A one-touch option which pays a preset amount at the point when the underlying touches the barrier, rather than at...

Instant One Touch Option

A barrier option (also a type of binary/ digital options) whose payoff will be paid out at first hitting time:...

Lookback Swap

An interest rate swap in which the holder pays the highest floating rate setting during the reset window and receives...

Sticky Floor

A nonstandard interest rate floor in which the floor rate for each floorlet is equal to the sum of the...

NEO

It stands for non-equity option; an option whose underlying is a security other than stock, such as a commodity, debt...

Bucket DV01

The dollar value of a basis point for a swap dealer's entire bucket cash flow. A cash flow bucket typically...

Non-Equity Option

An option whose underlying is a security other than stock, such as a commodity, debt security, financial futures, index, etc....

Spark Spread Swaption

An option that gives the holder the right, without the obligation, to enter into a spark spread swap by a...

Zero Recovery Swap

A swap that automatically terminates with one counterparty of which having to make no further payments if the other counterparty...