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Digital CDS

A binary credit default swap. Unlike standard credit default swaps (CDS) which require a valuation following a credit event (usually...

Dual Strike Cap

A modified version of the barrier cap. It is an interest rate cap that comes in the form of an...

Perfect Swap

A swap agreement that is made between a municipality (a city or town local council) and a financial intermediary, in...

Best-Of Option

An option on the best performing asset in a basket of assets during a designated period of time. The holder...

Long Forward Contract

A long position in a forward contract whereby an investor agrees to buy the underlying asset on a specified future...

Quanto CDS

A credit default swap (CDS) in which the swap premium payments, and/or the cashflows in the case of default, are not in the same currency,...

Leveraged Swap

An interest rate swap in which the floating rate leg pays LIBOR square (LIBOR is raised to the second power)...

XPO

An American-style, non-standard option that has a perpetual life. In other words, it neither expires nor has an exercise limit. Since it...

Perpetual Option

An American-style, non-standard option that has a perpetual life. In other words, it neither expires nor has an exercise limit. Since it...

Expirationless Option

An American-style, non-standard option that neither expires nor has an exercise limit. Since it has an infinite time to maturity, which means...