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Ratchet FRN

A structured note (FRN) that pays a floating interest rate referenced to a popular market rate such as LIBOR. Each...

Ratchet Floating Rate Note

A structured note (FRN) that pays a floating interest rate referenced to a popular market rate such as LIBOR. Each...

RHOVA

A second-order Greek that that relates the rate of change in a derivative's rho to changes in volatility. In other...

Reverse Iron Condor

An iron condor that is typically established by buying a lower strike out-of-the-money put option, selling even lower strike out-of-the-money...

Reverse Iron Albatross

An iron albatross that is typically established by selling a far out-of-the-money call option, buying an out-of-the-money call option, buying...

Relative Delta

The dollar sensitivity of the price of a derivative to a fractional change in the price of the underlying. It...

Real Annuity Swap

An inflation -indexed swap which is established on the same notional principal amount for both legs, but with different payout...

Real Estate Derivative

A derivative in which the underlying is a real estate price or index. Historically, the New York Real Estate Securities...

Rollover Date

The date on which the periodic payment terms and conditions of a swap agreement are established. In other words, the...

Roll Risk

The possible danger of loss that long-term hedgers face when reinvesting in more distant futures contracts as they retire near-month...