The process of terminating a swap agreement by mutual consent of the parties at an early date before maturity. The...
The first-order sensitivity (delta) of the price of a multi-asset option to a move in the correlation(s) between two underlyings...
A group of individuals who run a portfolio of swaps (interest rate swaps) for a financial institution (such as commercial...
A quanto option which gives the holder the right to sell a foreign asset (e.g., a share of stock) and...
An option contract on foreign exchange whereby the seller (or the writer) pays the buyer, at periodic payment dates, the...
A accumulator option with an American-style knock-out barrier. If the underlying trades through that barrier on a fixing date, the...
A basket-linked credit default swap (basket-linked CDS) which protects the buyer (the long) from a range of cumulative losses of...
An accumulator option with an American-style knock-in barrier. If the underlying trades through that barrier on a fixing date, the...
A tranche that has some similarities to a zero-coupon bond. A Z tranche (zero tranche) consists of Z bonds. By...
A multiperiod option purchase strategy that seeks to avoid large losses in any single investment period by committing 10% of...