A call option in which the strike price is set at zero. The underlying of this option is typically a non-marketable asset such as shares in...
A practice in bankruptcy proceedings whereby a bankruptcy court may enforce contracts that are in the money to the bankrupt counterparty while abrogating contracts...
Typically, an interest rate swap whose fixed rate payment substantially deviates from currently prevailing coupon rates on debt instruments with similar times...
The risk that arises from a significant drop in the market capitalization of an exchange to the effect that large numbers...
A put option that pays the holder the amount of a decline in a position or portfolio over the option's life, often less...
A hedge that involves the use of foreign exchange forwards (FX forwards). It consists of an outright purchase of a currency at a forward exchange...
A floating-for-floating swap whose first floating rate leg is derived from the returns on a basket of underlying assets, such as equities, commodities, bonds, or even swaps. The...
A 1st order Greek is a first-order derivative of the option value with respect to some variable such as underlying’s price, volatility,...
A first-order Greek is a first-order derivative of the option value with respect to some variable such as underlying’s price, volatility, interest rate,...
An exotic option whose standard payoff (underlying price in excess of the exercise price) is raised to a specific power (such as...