The ratio of the percentage change in present value of an option with respect to the percentage change in spot,...
A credit derivative that is based on a credit spread as observed from market spread levels, for the purpose of...
An at-the-money forward (ATMF) call option is a call with a strike price equal to the forward price of the...
An at-the-money forward (ATMF) put option is a put with a strike price equal to the forward price of the...
A futures contract or futures option in which the underlying is a specific spread. Examples of underlying spreads include crack...
The spread that forms when an investor/trader holds position in a European option and a corresponding American option. This options...
An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange...
An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...
The elasticity of an option where its value increases (for a call) or decreases (for a put) almost one-for-two with...
A tool that measures the calculated or implied mid-rate volatility for an ATM option for a specific expiration date. In...