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DARO

It stands for double average rate option; a double average option in which the strike price is not set at...

Delayed Start Swap

A swap which initiates at a forward start date. In this swap, the effective date is not the usual one...

Volatility Value

The degree to which the price of the underlying of an option fluctuates. For an out-of-the-money option, it represents the...

Vvol

An abbreviation for volatility of volatility, which is a statistical concept implying that volatility of of a series of random...

Delayed Barrier Option

A barrier option that knocks in or out after the underlying spends a preset amount of time above or below...

Delayed Double Barrier Option

A double barrier option that is embedded with a delayed knockout mechanism. The option knocks out when the occupation time...

Double Average Rate Option

A double average option in which the strike price is not set at the time of trade. Instead, the strike...

Double Average Option

A cash-settled option (a path-dependent option), principally used in forex markets, which combines the features of an average price option...

Double Trigger Forward

A trigger forward which represents a zero-cost structure in which the buyer enters into an outright forward foreign exchange at...

Currency Swap

A popular type of swap which involves exchanging principal and interest payments in one currency for principal and payments in...