A currency option that confers on the holder the right, but not the obligation, to sell an amount of foreign…
A cross-currency derivative which constitutes an option giving the holder the right, without the obligation, to enter into a cross-currency…
A cash-settled option that sets a minimum limit (floor/ interest rate floor) on the spread between two benchmark interest rates…
An Asian option in which the average of underlying prices, interest rates, indices, etc, is calculated on all the time…
In option parlance, a condor is a variation on a butterfly option, in which the two short options (sold options)…
It stands for collateralized mortgage obligation swap. An interest rate swap (specifically an index amortizing swap) in which the amortization of…
A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest rates in Japan are very…
An option spread which involves buying a call with a given strike price and expiration date while short selling another…
A reverse knock-out option (RKO option) in which the barrier is at a level above the spot underlying price. This…
A market, commonly for trading options on futures on European exchanges, in which brokers contact each other over the counter…