A currency market tool, similar to an option, which is used principally to avail of a move in the underlying...
A reverse knockout option (RKO option) in which the barrier is at a level above the spot underlying price. This...
It stands for call reverse knock-out; a reverse knock-out option (RKO option) in which the barrier is at a level...
A regular stream of payments made by the protection buyer to the protection seller in a default swap (a credit...
In connection with a default swap (or a credit default swap), it is the periodic payment that is made by...
In connection with a default swap (or a credit default swap), it is the periodic payment that is made by...
In general, it is the price of a swap- i.e., the amount paid by the swap buyer to the swap...
An interest rate swap by which the counterparties agree to an interest rate that differs from the prevailing market rates....
A practice whereby an intermediary enters into one side of the swap transaction, such as fixed rate payer (or floating...
A measure of a swap's value sensitivity to interest rate changes. The duration of a swap is equal to the...