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Equity RAN

A range accrual note (RAN)- a principal-protected note- that that pays out a series of coupons (interest amounts) based on...

QFRAN

It stands for quanto floating range accrual note; a range accrual note (RAN) that has a floating reference for the...

RAN

It stands for range accrual note; a note that pays interest only if the floating interest rate (such as LIBOR)...

KOF Option

An abbreviation for knock-out forward option; a forward option that is capped with a knock-out barrier. This option allows its...

ACT/365

A day count convention that is used to determine the actual number of days that have gone by since the...

ARO

It stands for average rate option; an option in which the exercise price is equal to the average of the...

TRS

An abbreviation for total return swap; a type of credit derivative in which the two counterparties agree to exchange the...

RTS

It stands for reduced tick spread; an interest rate futures calendar spread which involves buying near-month futures and selling far-month...

RIAR Swap

It stands for reverse index amortizing rate swap; an index amortizing swap (index amortizing rate swap) that is structured in...

RIP Swap

It stands for reverse indexed principal swap; a variant of interest rate swap which, contrary to indexed principal swaps, amortizes...