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T/N

It stands for tom next or tomorrow next; a specialized forward transaction (a type of forward swap) in the foreign...

Tomorrow Next

A specialized forward transaction (a type of forward swap) in the foreign exchange markets which is used to postpone or roll...

Tom Next

A specialized forward transaction (a type of forward swap) in the foreign exchange markets which is used to postpone or roll...

Forward Market Hedge

A hedge that involves the use of foreign exchange forwards (FX forwards). It consists of an outright purchase of a currency at a forward exchange...

Accumulator Option

A regular forward contract in which the notional is determined over the lifespan of the option rather than as a preset amount. This structured...

Non-Linear Payoff

The payoff of a derivative contract that may move proportionally more or less than the price of its underlying. In general, derivatives subdivide into...

Covariance Swap

A covariance forward contract of two underlying prices/rates. This swap pays the excess of the realized covariance between two assets (such as currencies) over a constant...

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...

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...

Shark Forward Plus

A shark forward that is used for fixing a forward price, while providing exposure to a spot movement in the underlying. This position...