A spot delta (standard sensitivity of a vanilla option with respect to changes in the spot rate/ price) that accounts...
A deferred payment option which permits the holder to freeze or lock-in the underlying price at which it will be…
An option trading strategy (a straddle calendar spread) whereby a near-month straddle is sold at a set strike and a…
A discrete barrier option which places a barrier cap on its underlying movements. A discrete barrier cap is similar to…
An interest rate cap that has a forward start date. In other words, the cap comes into effect at some…
A futures contract which matues at most distant months. That is, it has expirations or delivery dates furthest into the…
A position in which negative deltas offset positive deltas. The overall delta of the position is zero or very close…
It stands for non-deliverable cross currency swap; a swap agreement (cross currency swap, XCS) that is entered into, and between,...
A basket currency option that constitutes a put on a collection (basket) of currencies treated together as a portfolio. A...
It stands for foreign currency derivative; a contract/ instrument (a financial derivative) that involves two parties (a seller and a...