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Short Hedge

An investment strategy designed to mitigate an existent risk. In this type of hedging, a security is usually short to...

Swap NPA

It stands for swap notional principal amount; the nominal value that is used as a basis for calculation of swap...

Swap Payment

The fixed and floating payments that are exchanged by the two counterparties to a swap. The fixed payment is made...

Swap Notional Amount

The nominal value that is used as a basis for calculation of swap payments over the swap term. Each counterparty's...

Barrier Price

The specified interest rate, or any underlying price, that activates (knocks in) or deactivates (knocks out) a barrier option. The...

Contingency Option

An option whose payoff depends on the performance of two different assets (one primary, and the other secondary). The option...

Dual Contingency Option

A variation on a vanilla option in which the holder's payout depends, or is contingent, not only on the performance...

Dual Strike Floor

A modified version of the barrier floor. It is an interest rate floor that comes in the form of an...

Reverse Dual Strike Option

An option which is the reverse of a dual strike option. The reverse dual strike option has its payoff defined...

Dual Strike Option

An interest rate option which applies one rate for part of the option’s life and another for the rest of...