A commodity trading strategy which involves the purchase of crude oil futures and the simultaneous sale of gasoline and heating...
A commodity swap which allows a refiner to hedge against a narrowing spread between crude oil prices and the prices...
A commodity swap that calls for the payment of the spread between crude oil and a specific basket of "cracked"...
Typically, an interest rate swap whose fixed rate payment substantially deviates from currently prevailing coupon rates on debt instruments with...
The sum of all expenses incurred on holding an asset, literally: storage, insurance and financing costs, subtracted from the income...
The sum of all expenses incurred on holding an asset, literally: storage, insurance and financing costs, subtracted from the income...
A carry trade in which an investor expresses a notional neutral curve switch. This carry is expressed in basis points...
A roll-down in which an investor expresses a notional neutral curve switch. This carry is expressed in basis points upfront...
The change in the value of a tranche in reaction to a one basis point increase or decrease in the...
A credit derivative (originally a collateralized debt obligation) whereby the credit risk on a reference portfolio is transferred between the...