The point at which a short option or option spread executed at a credit breaks even (it produces neither profit...
It is the opposite of a collar, and refers to simultaneously buying a floor (interest rate floor, equity floor, etc)...
An option which is the reverse of a dual strike option. The reverse dual strike option has its payoff defined...
Another name for a snow bear; By definition, it is a hybrid derivative instrument that is used by investors willing...
An index amortizing swap that is structured in a reversed way so that if the underlying reference rate decreases, the...
A cash and carry transaction that is reversed. It involves the simultaneous sale of a cash market commodity/ instrument for...
A collared floater in which the caplet/ floorlet strikes increase at particular intervals/ increments (and hence the ratchet feature). The...
A interest rate swap (fixed rate for floating rate or fixed-for-floating swap) whereby the fixed rate leg can be modified...
A structured note (FRN) that pays a floating interest rate referenced to a popular market rate such as LIBOR. Each...
A time-dependent option that locks in gains once predetermined price levels are reached by the underlying. The “ratchet” label refers...