A futures contract or futures option in which the underlying is a specific spread. Examples of underlying spreads include crack...
A transaction in which the trader simultaneously purchases, or takes a long position in, a contract on a specific asset...
A transaction in which the trader simultaneously purchases, or takes a long position in, a contract on a specific asset...
The risk that a counterparty to a swap will not make a due payment on a specific reset day. Differently...
A method for settling a swap unwind, whereby the party with the profit receives from the party with a loss...
One payment/ trade of a series of swap payments or forward rate agreement (FRA) trades. Each swaplet starts when the...
The interest payment of a swap is determined based on compounding according to a specific day count convention (such as...
The difference between the fixed rate leg of an interest rate swap and the yield of a treasury security with...
A highly rated fixed-income security that contains embedded options and doesn't necessarily reflect the risk of the issuer. In other...
A futures contract which typically has an interest rate swap as underlying. It offers an instrumental tool for corporate treasurers,...