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Collateralized Swap

A swap whereby one of the counterparties (or both) post collateral to guarantee fulfillment of a contractual obligation. The collateral...

Strip

In options realm, a strip is a combination of options whereby two puts and one call are bought on the...

Call Strip

An option trading strategy (a standard strip) which is constructed by buying a number of call options (from three and...

Log Contract

An exotic option (specifically a single-payout option) that makes payments based on the logarithm of the price of its underlying...

Dark Spark Spread

A spark spread that captures the gross margin reflecting the economics of a coal-fired power plant. More specifically, it refers...

Dark Spread Option

An option on the dark spread, i.e., on the gross margin from electricity generated using coal. More specifically, this option...

Dark Spread Swap

An energy swap that involves the exchange of the dark spread, i.e., the variable primary energy price of coal and...

Floating Rate Forward

A forward contract (forward), particularly a structured forward on a metal commodity (e.g., gold), which fixes the corresponding spot rate...

Inverse Floating Rate Note

An interest rate derivative whose payoff is inversely related to changes in interest rates. Principally, inverse floating rate notes are...

Inflation Swaption

An option that confers on the holder, being the payer of the fixed rate, the right to enter into an...