The creation of a new swap agreement, while simultaneously canceling the original or old one. This may take place if the terms...
The lifetime of a swap at the end of which parties to the swap no longer pay obligations since it ceases to...
The lifetime of a swap at the end of which parties to the swap no longer pay obligations since it ceases to...
A swap dollar value of one basis point (0.01%). It refers to the change in the present value of a swap in response to...
A shark forward (a structured forward contract) that is used for fixing a forward price, while providing exposure to a spot movement...
In essence, delta is a measure of how long or short the holder of an option position is in terms...
A shark forward that is used for fixing a forward price, while providing exposure to a spot movement in the underlying. This position...
A forward contract that allows firms to fix a forward price while benefiting from a predicted spot movement. It establishes a certain...
A quanto spread that is constructed using two forward rates. It is mainly used to hedge quanto risk in the interdealer market. This spread can be...
It captures the change in the market value of the credit default swap (CDS) position as a result of a one basis point shift...