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Capped Forward

An option-based strategy that involves buying a synthetic off-market currency forward and simultaneously buying another option, in order to avail from favorable...

CMS Cap

A non-standard interest rate cap in which the rate used is a swap rate with a constant maturity. For example, a CMS cap could...

Contingent Premium Option

An option contract for which no premium is paid upfront by the buyer (long). However, a pre-specified premium should be paid if the option...

Capped Option

An option with an cap placed on payout or price, and which is automatically exercised when the underlying closes at or above (for a call)...

Interest Rate Caption

An option on a cap. In other words, a caption is an option to buy or sell an interest rate cap whereby the holder has...

Caption

An option on a cap. In other words, a caption is an option to buy or sell an interest rate cap whereby the holder has...

Caplet

One call option in a cap. More specifically, it is an over-the-counter call on interbank deposit rates or LIBOR rate. An interest rate cap can be thought...

Cap

1) an OTC interest rate derivative, or simply a contract on an interest rate whereby the seller (or the writer) pays...

Notional Amount of a Cap

A cap is a call option on a specified interest rate such as LIBOR, Euribor, the US prime rate, or...

No-Cost Collar

A risk reversal that allows investors to avoid paying a premium for an option. In this option strategy, the premium...