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Strike Topography

A topography report that depicts a two-dimensional map of a derivative position: it shows the distribution of the strike prices...

Digital Cap

A digital option that constitutes a cap combined with a European upper barrier. More specifically, it is an option whose...

Ratchet Inverse Floater

Another name for the snowball; a hybrid derivative instrument that allows investors harboring a strong feeling that rates will fall...

CVA Market Risk

A type of risk that affects the valuation of a derivative (specifically, credit-value adjustment or CVA). This risk consists of...

CVA

It stands for credit value adjustment; it constitutes part of x-value adjustments (XVA). By definition, it is the valuation of...

Vanilla Convertible

An instrument (part debt and part equity) that gives the holder the right, but not the obligation, to exchange his...

Single Callable Swap

A callable swap that can be cancelled only on a single pre-determined date in the future. This swap gives the...

Partial Barrier Double One Touch Option

A double one-touch option whose upper and lower barriers come into effect (activates) at a delayed date. In other words,...

Partial-Time Fixed-Strike Lookback Option

A fixed strike lookback option in which the lookback period starts at a preset date after the trading date of...

Partial-Time Floating-Strike Lookback Option

A floating-strike lookback option in which the lookback period starts at inception (contracting date/ trading date or the date the...