Changing a call option into a put option or vice versa. In the former case, an investor buys the call,...

It stands for constant maturity Bermudan swaption; a Bermudan swaption in which the option (on the underlying swap) can be…

A callable range accrual note (RAN); a range note that is imbedded with a call option. The embedded option allows…

A bond that is issued by a firm that allows it to be converted into equity at certain times using...

The process of breaking up a convertible bond (CB) into two structured products: an asset swap (credit component) and a…

It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…

An exchange regulation under which an official bid price for a cash commodity is competitively set at the close of…

A method of swap starting in which swap dealers require that the swap begin not two business days but rather…

It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…

An option contract in which the underlying’s market price is very near to the strike price. For example, a call…