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Marked-To-Market Swap

Any swap where settlement takes place by periodically marking interest payments to market (marking to market, MTM). For example, in a credit default swap (CDS),...

Compo Option

An exotic option whose underlying is a foreign asset (like a foreign equity) denominated in either domestic or foreign currencies and struck...

Kilimanjaro Select

A type of multi-asset hybrid note which pays the holder fixed periodic coupons, typically above market rates, in addition to a final coupon...

Fader Shark Forward

A forward plus in which the trigger/ reset risk fades out linearly (on a one-to-one basis) over time. The holder...

Receiver Swaption

A swaption (option on a swap) that gives the holder the right, without the obligation, to enter into a swap as the fixed-rate receiver...

Receiver Swap

A put option on a swap in which the buyer has the right, but is not obliged, to enter into a swap wherein he...

Call Swaption

A call option on a swap in which the buyer has the right, but is not obliged, to enter into...

Payer Swap

A call option on a swap in which the buyer has the right, but is not obliged, to enter into...

Shark Forward Extra

A shark forward (a structured forward contract) that is used for fixing a forward price, while providing exposure to a spot movement...

Cleared Derivative

A derivative contract that, like an OTC derivative, is negotiated bilaterally (privately) between the two parties and is booked with...