A naked option is an option that is not covered with an offsetting position in the underlying. In other words,...
A tool that measures the sensitivity of convexity of duration or modified duration to a change in yield. It could...
An acronym for cross-currency cross-index basis swap; A cross-currency swap in which one party pays a floating rate (LIBOR) denominated...
In the context of derivatives valuation, it stands for x-value adjustment or cross value adjustment. It is a broad category...
In the context of derivatives valuation, it stands for cross value adjustment. It is a broad category of adjustments that...
Strategies which are designed to speculate or take a view on changes in market volatility rather than in market direction....
A multi-asset derivative whose components don’t belong to the same asset class. In general, financial derivatives can be divided into...
The future levels of volatility calculated taking into account current market prices of options. It builds on spot implied volatility...
The future levels of volatility calculated taking into account current market prices of options. It builds on spot implied volatility...
An over-the-counter (OTC) contract that obliges its holder to buy or sell a specific asset for a predetermined delivery price...