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Multi-Asset Derivative

A derivative whose payoff depends on the performance of a set of assets, and implicitly on the correlation among the...

ILS

It stands for index-linked security; a note (debt security/ debt instrument) in which the return (coupon payments) and/ or redemption...

Index-Linked Security

A note (debt security/ debt instrument) in which the return (coupon payments) and/ or redemption (principal) amounts are linked to...

Index-Linked Note

A note (debt security/ debt instrument) in which the return (coupon payments) and/ or redemption (principal) amounts are linked to...

Fixed Strike Lookback Option

A lookback option whose payoff depends on the lookback price of the underlying asset during the life of the option....

Fixed Strike Lookback Call Option

A lookback option whose payoff depends on the lookback price of the underlying asset during the life of the option....

One-Week Run

The period of seven days from today to an option's expiration date. That is, a one-week option written (issued) on...

Option Replication

A technique which is used to artificially establish an option-like payoff pattern by creating a set or series of trades...

Multistep Trees

A multistep binomial tree is an option pricing tool used to figure out the value of American-style stock options and...

OTM Put

It stands for out-of-the-money put; a put option with a strike price being below the combined amount of its underlying’s...