An interest rate cap in which the number of caplets are less than reset periods. This feature makes a flexible...

The rate at which a seller is willing to exchange an asset (a commodity, a currency, etc.) at a specified...

The first interim (reset) period (stub period) in the life of a floating rate instrument such as interest rate swap...

The future levels of volatility calculated taking into account current market prices of options. It builds on spot implied volatility...

The future levels of volatility calculated taking into account current market prices of options. It builds on spot implied volatility...

An over-the-counter (OTC) contract that obliges its holder to buy or sell a specific asset for a predetermined delivery price...

The price of the underlying asset of a forward contract. In other words, it is the price at which a...

A party to an interest rate swap who makes, to a fixed rate payer, variable (floating) interest rate payments based...

A party to an interest rate swap in which payment is based on a swap rate or the coupon rate...

An option that gives its holder the right, without the obligation, to enter into a forward swap at a given...