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Hard Path-Dependent Option

A path-dependent option whose payoff depends solely on the route taken during a specified period of time. Examples of this...

Hard Commodity Futures

A commodity futures in which the underlying is a hard commodity such as gold (gold futures), silver (silver futures), copper...

Soft Path-Dependent Option

A path-dependent option in which the payoff depends only on one event or piece of information. A good example is...

FTD Basket Default Swap

A basket default swap in which a payment by the protection seller to the protection buyer is triggered by the...

Path-Dependent Option

An option whose terminal value depends wholly or partially on the price sequence (path) of the underlying over a specified...

Path-Independent Option

An option whose payoff depends solely on the events specified to take place upon expiration, rather than the path taken...

Binary CDS

A binary credit default swap. Unlike standard credit default swaps which require a valuation following a credit event (usually default),...

Binary Floor

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

TRIPS

It stands for treasury rate index principal swap; an index principal swap in which the floating rate leg is based...

Trigger Forward

A combination of a forward contract and a trigger option, whereby the buyer can enter into an outright forward at...