A hedge that requires no changes to its components once it is initiated. That is, the hedge will not need...

It stands for short against the box; a short sale against the box of a stock is a trade in...

A short sale against the box of a stock is a trade in which the seller actually owns the stock...

A short position in a payer swaption. This position gives the holder the right and opportunity to pay the floating...

A swap whose tenor is less than two years. That implies that the fixed and floating rates have a maturity...

A path-dependent option in which the final outcome (payoff) depends on the price events over the entire course of the...

A path-dependent option in which the payoff depends only on one event or piece of information. A good example is...

The price of credit risk quoted in a credit default swap. This price is derived indirectly from the credit risk...

A quanto option in which the terminal payoff is denominated in a foreign currency, instead of the domestic one (the...

A self-referenced credit derivative (a credit-linked note- CLN for short) which involves a firm (or an investor) selling protection on...