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Tesobono Swap

An offshore (cross-border) derivative operation which was originally used by local banks in Mexico as a means of leveraging Tesobono...

TARN

It stands for target redemption note. A structure that terminates whenever a maturity is reached or the total amount paid...

Self-Quanto Option

A quanto option in which the terminal payoff is denominated in a foreign currency, instead of the domestic one (the...

Self-Referenced Credit Linked Note

A self-referenced credit derivative (a credit-linked note- CLN for short) which involves a firm (or an investor) selling protection on...

Cocktail Swap

A combination of different types of swaps that aims to spread the risk associated with a sizable financing endeavor. For...

Binary Swap

An interest rate swap in which a fixed rate is exchanged for a floating rate, with the latter being set...

Binary Cap

A binary option that constitutes a cap combined with a European upper barrier. More specifically, it is an option whose...

Asset-or-Nothing Option

An exotic option whose payout is equal to the value of the underlying asset if the price of the asset...

Self-Referencing CDS

A credit default swap (CDS) in which the reference entity is not a third party. More specifically, the credit risk...

Asset Basket Swap

An asset swap which has as underlying at least two assets and has an embedded option (a spread option between...