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Irregular Swap

A swap that has exotic or complex structure whereby it is distinguished in its key underlying economic variables from basic...

Naked Position

An actionless strategy in derivatives where an investor does nothing to hedge a position he has already taken in a...

Naked Call

An option strategy which is established by taking a short position in an underlying not currently owned by the position...

IR DV01 of a CDS

A metric that captures the dollar change in the value of a credit default swap (CDS), or a CDS position,...

Blended Swap

A combination of two swaps or more. For instance, a blended interest rate swap is a combination of at least...

Naked Swap

An interest rate swap or cross-currency swap which is not matched by an offsetting/ mirror swap or other financial asset...

Static Spread

The basis points which are added to the yield at each point on the spot treasury rate curve marking the...

Static Replication

A method of hedging an option position with a position in vanilla options without altering or adjusting components for the...

Economic Derivative

A derivative which has an economic variable or a macroeconomic index as underlying. The first exchange-traded economic derivative (the Consumer...

Call Warrant

A warrant that gives its holder the right, without the obligation, to purchase the underlying asset (security) from the issuer...