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DARO

It stands for double average rate option; a double average option in which the strike price is not set at...

Vvol

An abbreviation for volatility of volatility, which is a statistical concept implying that volatility of of a series of random...

YEN

It stands for yield enhanced note; a type of mandatory convertible preferred which is typically issued at a zero premium...

ATM

It stands for at the money; a situation whereby the strike price of an option is equal to (or almost...

CSO

It stands for credit spread option; an option whose payoff depends on the spread between the yields earned on two...

CER

It stands for coupon equivalent rate; also known as equivalent bond yield; the yield on a discount bond that is...

Ex-Div

An abbreviated form for ex-dividend; an interval during which a company's stock no longer carries the right to the next...

CBAS

It stands for convertible bond asset swap; an asset swap whose underlying is a convertible bond. In terms of composition,...

NEO

It stands for non-equity option; an option whose underlying is a security other than stock, such as a commodity, debt...

EBY

The yield on a discount bond that is computed in the same way the yield on a coupon bond is...