A combination of a forward contract and a trigger option, whereby the buyer can enter into an outright forward at...
An interest rate floor whose existence or activation depends on a floating rate or index falling below a certain barrier...
An interest rate cap whose existence or activation depends on a floating rate or index crossing a certain barrier or...
A swap which allows one of the counterparties to lock in the spread between two different points on a particular...
A provision which is typically attached to a CAPS option, whereby it terminates before expiration date and is settled at...
An exotic option, and a variant on range option, which combines the features of both barrier and digital options, though...
The volatility of volatility. A measure of volatility which supposes that volatility is a random market risk variable, rather than...
A position in options (a situation/ relationship expressed originally as vega) in which any increase in the implied volatility of...
A tool which is used to compare the change in option price to a 1% change in option volatility. Mathematically,...
An accrual swap in which any breach (touch) of the range upper or lower boundary terminates all further potential for...