It stands for “forward implied volatility“. The future levels of volatility calculated taking into account current market prices of options.…

An option contract that has an earlier expiration date than a contract that is presently being devised or considered. For…

A forward contract which obliges the holder to buy or sell a basket default swap (BDS) at a specified time…

An option contract that has a later expiration date than a contract that is presently being devised or considered. For…

The spontaneous purchase and sale of two identical amounts in two different currencies with two different value dates. Differently stated,…

The purchase of one option and the sale of a different-type option with a different strike price. In other words,…

A currency market tool, similar to an option, which is used principally to avail of a move in the underlying…

A structured forward contract which gives the holder the right, without the obligation, to buy or sell forward at maturity...

An interest rate floor that has a forward start date. In other words, the floor comes into effect at some…

In forex markets, it refers to the actual forward rate which is used in an outright forward contract. It is…