A constant maturity credit default swap (CMCDS) in which the rate is capped at a specific level. This swap combines…

A bullet that pays no principal prior to a specified “targeted maturity date”. Thereafter, it pays monthly if the target…

A KIKO option that enables currency traders to sell a specific currency at a fixed exchange rate against another currency…

An interest payment (coupon) that covers a shorter period than the other coupons on a bond. For example, in a…

A neutral option strategy (broadly a short butterfly) that is based on three legs involving selling a low strike call,…

A bullet security that pays no principal prior to a specified “targeted maturity date”. Thereafter, it pays monthly if the…

A floating-strike lookback option in which the lookback period starts at inception (contracting date/ trading date or the date the…

A hybrid debt instrument (having the geatures of both debt and equity) that pays a fixed coupon or a specific…

A type of a step-up coupon security which gives the holder a put option at each step-up point over the…

A spread that involves two related commodities: a primary (raw or unprocessed) commodity and one of its byproducts. In other…