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IV

It stands for intrinsic value; generally, it is the effective monetary advantage which would be obtained when an option is...

ATM Call

An at-the-money option (call option) in which the strike price is equivalent or approximately equal to the underlying asset's price....

Unfunded TRS

A total return swap (TRS) entails the payment of fixed or floating interest in return for the total return of...

Funded TRS

A total return swap (TRS) entails the payment of fixed or floating interest in return for the total return of...

IMM Futures Option

An option contract that grants the holder the right, without the obligation, to buy or sell a money market futures...

ED Futures

It stands for Eurodollar futures; a futures contract on a Eurodollar interest rate such as the 3-month (90-day) Eurodollar interest...

ED Option

It stands for Eurodollar option; a money market futures option which is based on Eurodollar futures. It is among most...

Ratchet Collared FRN

A collared FRN in which the caplet/ floorlet strikes increase at particular intervals/ increments (and hence the ratchet feature). The...

ATM Option

An at-the-money option, that is, an option which has a strike price equivalent or approximately equal to the underlying asset's...

Short CDS

Selling a credit default swap (CDS); a short position in a credit default swap (CDS). It is equivalent to longing...