A state of the delta of an option which makes the variation of an in-the-money option‘s hedge ratio extremely wide…
It stands for equity-linked foreign exchange option; a compo option that gives the holder the right to trade a foreign…
A binary option that can be exercised only at the end of its life (i.e., on expiration date). That is,...
A swap agreement in which a contingent payment on one leg is linked to a trigger event, such as a…
A commodity-linked swap in which an electricity consumer (the swap buyer) has its electric bill paid by a counterparty (the…
An equity index futures that is traded on a regulated futures exchange. More specifically, it is a standardized futures contract…
A derivative whose underlying asset is an energy product. Many energy products trade both over the counter and on exchanges…
A risk-neutral measure that is used to price derivative contingent claims such as average rate options by implementing stochastic discount…
An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…
A variant on an off-market swap in which the fixed rate increases according to a predetermined schedule over the life…
