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Short Condor

A neutral (risk-limited and reward-limited) option trading strategy which builds on the short butterfly strategy, and whereby a short butterfly...

Short Hedge

An investment strategy designed to mitigate an existent risk. In this type of hedging, a security is usually short to...

Swap NPA

It stands for swap notional principal amount; the nominal value that is used as a basis for calculation of swap...

Swap Payment

The fixed and floating payments that are exchanged by the two counterparties to a swap. The fixed payment is made...

Swap Notional Amount

The nominal value that is used as a basis for calculation of swap payments over the swap term. Each counterparty's...

Barrier Price

The specified interest rate, or any underlying price, that activates (knocks in) or deactivates (knocks out) a barrier option. The...

Contingency Option

An option whose payoff depends on the performance of two different assets (one primary, and the other secondary). The option...

Dual Contingency Option

A variation on a vanilla option in which the holder's payout depends, or is contingent, not only on the performance...

Dual Strike Floor

A modified version of the barrier floor. It is an interest rate floor that comes in the form of an...

Reverse Dual Strike Option

An option which is the reverse of a dual strike option. The reverse dual strike option has its payoff defined...