It stands for coupon-only swap; a form of cross currency swap that entails no exchange of principal in two different...
A form of cross currency swap that entails no exchange of principal in two different currencies at maturity, and only the...
Swaps are over-the-counter (OTC) agreements that entail the exchange of two types of cash flows according to terms negotiated among the counterparties. They...
An exotic equity option which is based, unlike vanilla options (which have only one underlying asset), on a number of underlying securities (basket). That makes...
An abbreviation for at-the-money forward; the situation in which the strike of an option is set equal to the forward price (e.g., FX rate) for the same expiration...
The situation in which the strike of an option is set equal to the forward price (e.g., FX rate) for the same expiration date of the...
An abbreviation for at-the-money forward; the situation in which the strike of an option is set equal to the forward price (e.g., FX rate) for the same expiration...
An option leverage that measures the sensitivity of a put option’s price to changes in the underlying price. In other words, it is...
A position in options (vega) in which any decrease in the implied volatility of the underlying asset will generate a profit, even...
An option on a defaultable instrument, which is, as such, subject to default risk resulting from the probability that the instrument’s issuer could not honor its contractual...