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Cross Hedging

Hedging a cash (spot) commodity or security with a futures contract where the underlying commodity is similar but not identical...

Cross Hedge

The hedge that involves using a cash (spot) commodity or security with a futures contract where the underlying commodity is...

Direct Hedge

A hedge transaction that, as opposed to a indirect hedge (dirty hedge or proxy hedge), involves establishing two directionally opposite...

Fixed-Floating Swap

A basic interest rate swap whereby a fixed rate is paid for a floating rate in the same currency. In...

Puttable Swap

A cancellable swap in which the fixed-rate receiver/ floating-rate payer has the right, but not the obligation, to terminate the...

Privilege

An old-dated term for an option; by definition, a privilege/ option is a derivative contract granting its owner the right, but...

Puttable Bond

A bond which gives the holder the right to sell it back to the issuer at specified times for a...

2nd Generation Option

A breed of options that bear non-standard features/ elements, as opposed to vanilla options (plain vanilla options). These features/ elements...

Second Generation Option

A breed of options that bear non-standard features/ elements, as opposed to vanilla options (plain vanilla options). These features/ elements...

Put Credit Default Swap

Also put CDS, it is a CDS option that grants the holder (as a put) the right to sell credit...