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Quantity Cap

A path-dependent interest rate option (specifically, an interest rate cap) which protects its holder against increases in total interest obligations...

Macro Hedge

The use of futures contracts to reduce or eliminate the downside systematic risk of an entire portfolio. However, this hedge...

Micro Hedge

A hedge which is designed to reduce or eliminate the risk associated with a single asset in a portfolio rather...

Muni Derivative

An abbreviated form of municipal derivative; a type of derivative contract in which the underlying is a municipal financial instrument,...

Muni Swap

A short form for municipal swap; an interest rate swap in which one counterparty (an investor) exchanges a municipal index...

Trading Warrant

A warrant that allows the holder to buy (if a call warrant) or sell (if a put warrant) an underlying...

Single-Equity Warrant

A warrant that allows the holder to buy (if a call warrant) or sell (if a put warrant) an underlying...

Plain Vanilla Warrant

A warrant that allows the holder to buy (if a call warrant) or sell (if a put warrant) an underlying...

Leveraged CDS

A credit default swap (CDS) in which the underlying is a syndicated secured loan rather than corporate or sovereign bonds,...

Roll Risk

The possible danger of loss that long-term hedgers face when reinvesting in more distant futures contracts as they retire near-month...