An interest rate swap in which both counterparties pay fixed rate in their respective currencies. It is a type of…

It reflects the magnitude of the instantaneous fluctuation of a dynamic process, e.g., the log of an underlying asset price/...

A capital-preserving tactic that is constructed by buying a European call option and a risk-free bond maturing on the option…

An option trading strategy whereby a put option is sold, with the proceeds (the aggregate exercise price) being invested in…

An option on a forward rate agreement (FRA) that gives the holder the right, without the obligation, to buy an…

An agreement that a seller and a buyer enter into in order to exchange a straddle option at a specific expiration…

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

The notional principal of a derivative contract such as a forward contract, futures contract, option, or swap. For example, the...

The longer-date option in an option spread. That is, the part of an option spread (such as a calendar spread)…

The sensitivity of an option’s premium (price) to changes in the forward market on the same underlying asset over the...