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James Bond Range Option

An exotic barrier option (specifically a double no-touch option) which has an upper barrier and a lower barrier that both...

Credit Spread Exposure

A type of credit risk exposure that involves a position in an instrument associated with a specific risk that arises...

CLCD

It stands for credit-linked certificate of deposit; a credit-linked hybrid that combines a deposit (certificate of deposit, CD) with a...

Credit-Linked Certificate of Deposit

A credit-linked hybrid that combines a deposit (certificate of deposit, CD) with a credit default swap that the investor (depositor)...

Volatility of Volatility

A measure of volatility which supposes that volatility is a random market risk variable, rather than a known and constant...

Discrete Barrier Floor

A discrete barrier option which places a barrier floor on its underlying movements. A discrete barrier floor is similar to...

Debt Value Adjustment

It is a type of cross valuation adjustment/ x-value adjustment (XVA) that takes out the effects of changes in the...

DRO

It stands for delayed range digital option; a digital option in which the payoff accrues as the reference price or...

Delayed Range Digital Option

A digital option in which the payoff accrues as the reference price or rate lies inside a predefined range (a...

Digital Option

A type of option whose payoff is determined in a fixed amount of a particular monetary or financial asset or...