The difference between trade price and midpoint. That is, it is the difference between the price at which a dealer...
An option that gives the holder the right to exchange a base asset (a crude commodity) for one or two...
A commodity trading strategy which involves the purchase of crude oil futures and the simultaneous sale of gasoline and heating...
A commodity swap which allows a refiner to hedge against a narrowing spread between crude oil prices and the prices...
A commodity swap that calls for the payment of the spread between crude oil and a specific basket of "cracked"...
A roll-down in which an investor expresses a notional neutral curve switch. This carry is expressed in basis points upfront...
The change in the value of a tranche in reaction to a one basis point increase or decrease in the...
A credit derivative that is based on a credit spread as observed from market spread levels, for the purpose of...
A futures contract or futures option in which the underlying is a specific spread. Examples of underlying spreads include crack...
An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...