The interest rate on international money market futures (IMM futures). It is a money market rate that used as underlying...

An option (similar to a contingent payout option) in which the underlying asset (equity, commodity or foreign exchange rate) is...

A forward rate which applies for a very short period of time in the future (e.g., one day, a few...

A ladder option that has no limit on the number of price levels (rungs) on the ladder. Unlike most ladder...

Uncounted stocks of a given commodity which are held in the hands of wholesalers, manufacturers, and producers, but cannot be...

A futures option whose underlying is a specific interest rate. The holder of such an option, by exercising it, obtains…

An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined…

A barrier option which has additional (adjustable) barrier levels. Each time a barrier level is breached, the strike of the…

A futures contract whose underlying is a stock index (such as the S&P 500 in the United States). This contract...

Generally, it is the effective monetary advantage which would be obtained when an option is immediately exercised. In call options,...