An call option whose underlying is a forward contract. This option gives the holder the right to enter into a...

A swap that has exotic or complex structure whereby it is distinguished in its key underlying economic variables from basic swaps. Flavored swaps...

The probability of early exercise on an American option. In other words, it refers to the amount of time that is left until...

A hedge that involves the use of foreign exchange forwards (FX forwards). It consists of an outright purchase of a currency at a forward exchange...

A 1st order Greek is a first-order derivative of the option value with respect to some variable such as underlying’s price, volatility,...

A first-order Greek is a first-order derivative of the option value with respect to some variable such as underlying’s price, volatility, interest rate,...

A barrier option that has two outstrikes, one in knock-in (kick) direction and the other in knock-out (knock) direction. In other words, the...

A barrier option (particularly a European barrier option) which has a fluffy barrier. The fluffy barrier has a progressive or gradual effect, as it...

A credit derivative in which the investor, that is, the credit protection seller, makes an upfront payment to the credit protection buyer when the latter...

A forward plus in which the trigger/ reset risk fades out linearly (on a one-to-one basis) over time. The holder...