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Bucket DV01

The dollar value of a basis point for a swap dealer's entire bucket cash flow. A cash flow bucket typically...

Non-Equity Option

An option whose underlying is a security other than stock, such as a commodity, debt security, financial futures, index, etc....

Spark Spread Swaption

An option that gives the holder the right, without the obligation, to enter into a spark spread swap by a...

Zero Recovery Swap

A swap that automatically terminates with one counterparty of which having to make no further payments if the other counterparty...

Individually Floored Put

A floored put in which the payoff is sensitive to the correlation of a set of underlying assets. It is...

Rolling Hedge

A hedging technique (also a type of leapfrogging) which is used to provide cover for a series of exposures such...

Auto-Cancellable Equity-Linked Swap

An equity-linked swap that automatically terminates on the earlier of two dates: the settlement date relating to the observation date...

Flip Swap

A single currency swap or a cross currency swap in which the client receives a fixed or floating interest rate...

Floored Put

A limited-payout option where potential gains from a downward movement in the underlying asset are "floored" or limited by a...

Zero Recovery CDS

A credit default swap (CDS) that automatically terminates with one counterparty of which having to make no further payments if...