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EFP

It stands for exchange of futures for physicals. By definition, it is a transaction that involves simultaneously taking a cash…

ONA

It stands for outstanding notional amount; the gross nominal or notional value of all derivatives contracts that have been concluded,...

AANA

An acronym for average aggregate notional amount; the sum of the total outstanding notional amounts (ONA) of non-cleared derivative positions...

CCS

An acronym for cross currency swap; a currency swap in which one side is a fixed rate currency and the...

Elf-X Option

It stands for equity-linked foreign exchange option; a compo option that gives the holder the right to trade a foreign…

Forward CCS

A cross currency swap (CCS) that does not start at the contract date, but rather comes into effect at a...

DPS

An abbreviation for dynamic portfolio swap; a credit portfolio derivative, specifically a portfolio default swap in which the protection buyer may…

Non-Deliverable Xccy Swap

It stands for non-deliverable cross currency swap; a swap agreement (cross currency swap, XCS) that is entered into, and between,...

AON Exercise

It stands for all-or-none exercise; a style of exercise for options whereby the holder cannot exercise only on part of...

Non-Deliverable XCS

It stands for non-deliverable cross currency swap; a swap agreement (cross currency swap, XCS) that is entered into, and between,...