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Interest Rate Futures

A futures contract which allows the buyer to lock in a future investment rate today or at a specific incoming...

Yield Enhanced Equity Linked Security

A type of equity derivative; it is a structured convertible security (equity-linked note- ELN) issued by Lehman Brothers. It was...

YEELD

A type of equity derivative; it stands for yield enhanced equity linked security; it is a structured convertible security (equity-linked...

Interest Rate Cap

An OTC interest rate derivative, or simply a contract on an interest rate whereby the seller (or the writer) pays...

Interest Rate Floor

An OTC interest rate derivative, or simply a contract on an interest rate whereby the seller (or the writer) pays...

Structured Note

A highly rated fixed-income security that contains embedded options and doesn't necessarily reflect the risk of the issuer. In other...

Swap Futures

A futures contract which typically has an interest rate swap as underlying. It offers an instrumental tool for corporate treasurers,...

Spark Spread Futures

A futures contract that has the spark spread as underlying. This implies that an investor buys or sells the price...

Short Cartwheel

A complex option trading strategy (cartwheel) in which the position is established by combining a long put backspread and a...

Credit Event Cash Settlement

In the context of credit default swaps (CDS) and similar credit derivatives, settlement takes place once a credit event (bankruptcy,...