It stands for interest-only swap; a form of cross currency swap that entails no exchange of principal in two different...

A form of cross currency swap that entails no exchange of principal in two different currencies at maturity, and only the...

It stands for in-the-money swaption; a swaption (swap option) in which the strike price of the option is less than the forward rate (in...

A swaption (swap option) in which the strike price of the option is less than the forward rate (in the swap). This in-the-money option (in...

A swap in which the present value of the net fixed-rate payments is less than the net present value of the...

It stands for in-the-money swap; a swap in which the present value of the net fixed-rate payments is less than the net present...

A interest rate swap (typically, a fixed-floating swap) the expiration or termination dates of which follow the cycle of international money market futures and IMM futures...

An option on a cap. In other words, a caption is an option to buy or sell an interest rate cap whereby the holder has...

The difference between a hypothetical note's yield and the Treasury note's actual yield. The hypothetical note's yield is the full price...