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As-You-Like-It Option

An option that allows its holder to choose between going with it as a call or as a put at...

Tau

The absolute change in option price in response to a percentage point change in volatility. Tau is used by traders...

Gut Iron Condor Spread

A complex option trading strategy which involves, like an iron condor spread, buying and selling of both puts and calls...

Cross Index Swap

A swap to whose underlying interest rate index (usually LIBOR) the so-called quantization techniques are applied. In other words, this...

Cross-Currency Cross-Index Basis Swap

A cross-currency swap in which one party pays a floating rate (LIBOR) denominated in a base currency, while the other...

Cross Valuation Adjustment

In the context of derivatives valuation, it is a broad category of adjustments that are made to the fair value...

Cross Index Basis Swap

A swap to whose underlying interest rate index (usually LIBOR) the so-called quantization techniques are applied. In other words, this...

Cross Value Adjustment

In the context of derivatives valuation, it is a broad category of adjustments that are made to the fair value...

MVA

An abbreviation for margin valuation adjustment. It is a type of cross value adjustment/ x-value adjustment (XVA) that constitute the...

BPV

It stands for basis point value; a tool that is used to measure interest rate risk, especially that associated with...