A pricing structure in securities, foreign currencies and commodities trading wherein the prices of far future deliveries exceed those of...

A basic interest rate swap whereby a fixed rate is paid for a floating rate in the same currency. In...

A total return swap (TRS) entails the payment of fixed or floating interest in return for the total return of...

A total return swap (TRS) entails the payment of fixed or floating interest in return for the total return of...

An at-the-money forward straddle that underlies a forward volatility agreement (FVA). This agreement involves buying or selling the straddle at...

Foreign exchange collar; an option-based strategy which is established by purchasing a European-style option (the cap) and selling of another...

An option-based strategy which is established by purchasing a European-style option (the cap) and selling of another (the floor), both...

The interchangeability which characterizes a futures contract. More precisely, futures contracts for the same commodity and delivery month and which...

The fixed swap rate that is associated with a forward settlement. If the yield curve is upward sloping, this rate...

A bizarre swap transaction (a proprietary leveraged rate swap) that was entered into between Bankers Trust (BT) and Procter &...