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Delta Greeks

A classification of option greeks that relate to, or are based on, delta. Examples include delta (for calls and puts),...

Commodity Semi-Fixed Swap

A semi-fixed swap which allows oil consumers to swap into a lower rate if prices go below a specific trigger...

Bonus Swap

A zero-cost cross-currency swap which is subject to three ranges as to the movement of its underlying exchange rate. The...

Corridor Currency Swap

A zero-cost cross-currency swap which is subject to three ranges as to the movement of its underlying exchange rate. The...

Gearing

The characteristics of derivatives which allow the holder to achieve a much greater reward, or otherwise incur a far greater...

Price Risk

The risk that arises because the price of an asset underlying a derivative is not known over the course of...

Price Spread

Another name for a vertical spread which is an options strategy constructed by buying and selling the same numbers of...

Short Wrangle

A wrangle, i.e., a complex ratio spread in which a short position is taken in the two ratio spreads in...

Swap Warehousing

A practice whereby an intermediary enters into one side of the swap transaction, such as a fixed rate payer (or...

Albatross Spread

An advanced neutral option trading strategy which constitutes a long condor spread with a much wider difference in strike prices....