It stands for constant maturity Bermudan swaption; a Bermudan swaption in which the option (on the underlying swap) can be…
A callable range accrual note (RAN); a range note that is imbedded with a call option. The embedded option allows…
A bond that is issued by a firm that allows it to be converted into equity at certain times using...
The process of breaking up a convertible bond (CB) into two structured products: an asset swap (credit component) and a…
It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…
An exchange regulation under which an official bid price for a cash commodity is competitively set at the close of…
The put option premium that is paid by a put buyer. It represents the compensation a put buyer pays to…
One of the most popular option strategies, in which a naturally bullish investor focuses on the steady upward movement of...
A forward rate agreement (FRA) where the settlement date is more than one year in the future at the time…
A type of barrier option for which the barrier strike is only active for a specific period (partial time) during...