An option combination that entails the simultaneous sale of a call option and put option on the same underlying, but...
A short position in a forward contract whereby an investor agrees to sell the underlying asset on a specified future date for a preset...
Another name for barrier option. By definition, it is an exotic option whose payoff depends on whether the underlying asset...
A structured swap which consists of a funding leg and a coupon payment stream, whereby the coupon payment made on a given date is...
The basis point value (BPV) of a swap is the amount by which the swap's value changes in response to a change of one basis...
The fixed-rate of interest on the fixed-rate leg of an interest rate swap or a currency swap (or any similar structures). More specifically, swap...
A financial instrument that combines at least one derivative contract with underlying assets such as stocks and fixed-income securities. It is a hybrid instrument that...
The position of the fixed-rate receiver (who is also the floating-rate payer) on an interest rate swap. In a plain vanilla swap, the short side trades a...
The change in the dollar value of one basis point of a swap (swap DV01) in response to one basis point parallel shift in...
An interest rate swap that enables the client to pay a rate that is lower than that of a vanilla swap in return for...