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Instrike

A barrier strike that represents the underlying price at which knock-in options become standard options, i.e., effective and able to...

Outstrike

A type of barrier strike that represents the underlying price at which knock-out options expire or pay off in case...

Barrier Strike

The strike level at which a barrier product (e.g., a barrier option) either becomes effective (in which case, it is...

Zero Recovery Xccy Swap

A zero-recovery swap in which one counterparty receives a weaker currency and pays a stronger currency while the other counterparty…

Bottom Straddle

An options strategy that involves buying a call (long call) and a put (long put) with the same exercise price…

Butterfly

In the realm of options,  a butterfly is a vanilla option trading strategy which combines an out-of-the-money strangle with an…

Butterfly Spread

A neutral option strategy (limited profit and limited risk strategy) that combines a bull spread and a bear spread. This…

Brady Bond Swap

A swap that provided a means to the banks of less developed or underdeveloped countries (such as Mexico, Argentina, etc)…

Range Forward Sale

A hedging strategy (part of risk-management strategies) that places a minimum and maximum sale price (similar to a collar) for...

Buy Out of a Swap in Termination

Previously known as bookout, it refers to the closing out of a swap transaction, whereby the net debtor’s pays the…