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DKO

It stands for double knock-out (double knock-out option); a double barrier option which has two barriers with respect to the...

PERCS

An acronym for preferred equity redemption cumulative stock. By definition, it is an equity derivative (specifically an equity buy-write structure)...

TRIS

A combination of an index swap with a total return swap (TRS) whereby one counterparty agrees to exchange the total...

CMS TRIS

A total return index swap (TRIS) where one leg is based on a CMS return index and the other is...

CAPS Option

It stands for capped index options which are exchange-traded options with a European exercise in which a maximum level is...

CDO

A collateralized debt obligation (CDO) is an investment-grade bond backed by a pool of variously-rated debt obligations including government and...

ZEPO

A zero exercise price option which is a cash-settled European call option whose exercise price is zero or very close...

CATS

An acronym for certificates of accrual on Treasury securities. This trademark derivative instrument is based on the separation of the...

ATOM

It stands for agricultural trade option merchant; any person who undertakes soliciting or entering option transactions involving an enumerated agricultural...

TRORS

It stands for total rate of return swap. A credit derivative in which the total return on a reference obligation...