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CAS

It stands for callable asset swap; an asset swap in which the seller retains a call option on the underlying...

ERB

An acronym for European range bet; an option that is equipped with two European barriers and provides a fixed payoff....

RRS

It stands for relative return swap; an asset swap which pays at a series of pre-determined dates (fixings) the relative...

ARS

It stands for absolute return swap; an asset swap in which the payoff is made at a set of prespecified...

RPO

It stands for relative performance option; an option which pays the holder the difference between the price return of two...

WARO

It stands for weighted average rate option. An average rate option in which the weighting of a given periodical price...

LV

It stands for local volatility; in the context of option pricing, it is a type of volatility that locally (for...

CCBS

It stands for cross-currency basis swap; a floating-for-floating swap that involves exchanging two streams of interest payments each denominated in...

CDIS

It stands for credit default index swap; a fixed set of equally weighted credit default swaps with standard maturities ranging...

CCR

It stands for counterparty credit risk; the risk that a counterparty to a derivative contract may be unable or unwilling...