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Mulligan Cap

An interest rate cap in which the number of caplets are less than reset periods. This feature makes a flexible...

Flexible Cap

An interest rate cap in which the number of caplets are less than reset periods. This feature makes a flexible...

Swap Futures Option

An option on a swap futures. This option replicates the European-style convention of an OTC option with exercise taking place...

Amortizing Cap

An interest rate cap in which the successive caplets cover decreasing notional principal amounts. In other words, the notional principal...

Interest Rate Caplet

An interest rate derivative (specifically, an interest rate option) which allows the holder to receive an interest rate payment during...

Snowbear

A hybrid derivative instrument that is similar to a snowball. Actually, it is a snowball structured as a bearish note...

Moving Average Cap

An interest rate cap whose payout (payoff) is calculated using a moving average interest rate within a specified interval. The...

ARBN

It stands for absolute return barrier note; a barrier note that pays the holder (investor), at maturity, the absolute performance...

Chooser Flexible Cap

A modification of the flexible cap. It combines the features of a flexible cap and a chooser cap. More specifically,...

FX Collar

Foreign exchange collar; an option-based strategy which is established by purchasing a European-style option (the cap) and selling of another...