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Asiatic Option

A path-dependent option in which the payoff is based on an average of underlying asset prices, interest rates, indices, or…

Accumulation Swap

An interest rate swap whereby the notional principal amount grows over its time to expiration. Such a swap is particularly…

At-The-Money Forward Straddle

A volatility trading strategy that combines an at-the-money forward call (ATMF call) with an ATMF put with opposite deltas, in…

Ameriasian Option

An option that combines an Asian option with an American option. Effectively, the combination produces an Asian option which allows…

Appreciating Swap

An interest rate swap whereby the notional principal amount grows over its time to expiration. Such a swap is particularly…

Arrears Floor

An interest rate floor that has its rates reset in arrears and likewise paid in arrears. However, in practice, a…

American Capped Call Option

A capped call which has the features of an American option (American-style option). More specifically, it is a call option…

Acceleration

A clause in a contract, agreement or contractual obligation, such as a swap, whereby it is allowable to terminate the…

Arrears Option Swap

An interest rate swap which allows a firm to pay a fixed rate and receive a floating rate with an…

Accumulator Forward Out Range Option

An accumulator option in which the payoff depends on the spot price being above or below the predetermined trigger. Each...