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Credit Default Swap

A swap agreement that gives the holder the right to sell a contractual obligation (bond, loan) for its face value in the event...

Lookback Currency Option

A currency option which is enhanced by a lookback feature (lookback option), granting the holder the right to trade a specific amount...

Extendable Swap

A swap in which an extension option is embedded. This means, one party (typically the fixed-rate payer) has the option to extend or prolong the...

Extension Swap

A swap (interest rate swap, cross-currency swap) which initiates or kicks in at a forward start date which coincides with the date at...

Call CDS

A credit default swap (CDS) option that grants the holder the right to buy credit protection on a specific reference entity during a predetermined future...

Call Credit Default Swap

Also call CDS. A CDS option that grants the holder the right to buy credit protection on a specific reference entity during a predetermined future period starting...

IMM Swap

A interest rate swap (typically, a fixed-floating swap) the expiration or termination dates of which follow the cycle of international money market futures and IMM futures...

Put Option

An option contract that gives its holder (the buyer) the right, but doesn’t oblige him/ her/ it, to sell a certain quantity...

Put

An option contract that gives its holder (the buyer) the right, but doesn’t oblige him/ her/ it, to sell a certain quantity...

Asset Transformation

A type of transformation that is based on the use of interest rate swaps. It is the process whereby an investor lends money...