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CTM Option

An abbreviation for close-to-the-money option; an option contract in which the underlying’s market price is very near to the strike…

CPW

It stands for collateralized put-write; an options trading strategy that involves short positions in put options and the use of…

IMM Futures Rate

The interest rate on international money market futures (IMM futures). It is a money market rate that used as underlying...

CB Option

It stands for convertible bond option; an option that gives the holder of a convertible bond for shares of common…

CB Asset Swap

It stands for convetible bond asset swap; an asset swap whose underlying is a convertible bond. In terms of composition,…

PT Two-Asset Option

A two-asset option that has a predetermined time window (monitoring period) during which one of two underlying assets is observed…

CTRS

It stands for currency total return swap; a total return swap (TRS) that allows the buyer to hedge against both…

CoP

A call option on a put option. It gives the holder the right, without the obligation, to purchase a put…

CLN

It stands for credit-linked note. A credit-linked hybrid that combines a note with a credit default swap. The face value…

CMBS

It stands for constant maturity Bermudan swaption; a Bermudan swaption in which the option (on the underlying swap) can be…