A hybrid derivative instrument that is used by investors willing to bet on rising rates in a binary (digital) fashion....
A snowball swap which has an automatic redemption feature added to it. This swap can be terminated upon a TARN...
An interim (reset) period at the beginning (front stub period) or end (back stub period) of a floating rate instrument...
The nominal value that is used to calculate swap payments. For example, in an interest rate swap, each period's interest rates are...
The risk that arises because of the duration of the floating leg of a swap. This occurs because once the...
An option that is artificially constructed by combining (buying and selling) other options simultaneously. This option can lower the high...
It stands for a snowball interest rate swap; a structured swap which consists of a funding leg and a coupon...
A structured swap which consists of a funding leg and a coupon payment stream, whereby the coupon payment made on...
A hybrid derivative instrument that allows investors harboring a strong feeling that rates will fall below a specific level to...
With respect to an option's strike (strike price), it refers to the situation where the implied volatility (volatility skew) remains...