An interest rate floor whose existence or activation depends on a floating rate or index falling below a certain barrier...
An interest rate cap whose existence or activation depends on a floating rate or index crossing a certain barrier or...
A swap which allows one of the counterparties to lock in the spread between two different points on a particular...
A provision which is typically attached to a CAPS option, whereby it terminates before expiration date and is settled at...
An exotic option, and a variant on range option, which combines the features of both barrier and digital options, though...
The volatility of volatility. A measure of volatility which supposes that volatility is a random market risk variable, rather than...
A position in options (a situation/ relationship expressed originally as vega) in which any increase in the implied volatility of...
A tool which is used to compare the change in option price to a 1% change in option volatility. Mathematically,...
An accrual swap in which any breach (touch) of the range upper or lower boundary terminates all further potential for...
An option or futures spread trade that is established by simultaneously buying and selling options or futures that have different...