Nonessential features or enhancements which are designed to add more financial appeal to a particular instrument or transaction. For example,...
A reverse knock-out option (RKO option) in which the barrier is at a level above the spot underlying price. This...
A spread option (an interest rate derivative) that pays a coupon based on the differential between the CMS rate over...
An adjustment that is made to the number of futures contracts used in hedging a position in order to accommodate...
A bizarre swap transaction (a proprietary leveraged rate swap) that was entered into between Bankers Trust (BT) and Procter &...
It stands for exchange-traded derivative; a derivative instrument that is traded via organized derivatives exchanges, i.e. where traders buy and...
A derivative instrument that is traded via organized derivatives exchanges, i.e. where traders buy and sell standardized contracts as defined...
An interest rate swap in general and a type of a seasonal swap in particular, in which the tenor can...
A swap agreement, similar to an interest rate swap, in which one leg is pegged to the performance of a...
In relation to a default swap (a credit default swap/ CDS), it is one of the two legs of the...