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Locally-Capped, Globally-Floored Contract

A structured financial product (structured product) that combines a guaranteed payoff with a bonus equal to some accumulation of the...

Locally-Capped, Globally-Floored Cliquet

An exotic cliquet contract, specifically a structured bond, which has the Dow Jones EURO STOXX 50 as underlying. It offers...

Linear CDS

A linear credit default swap; a basket credit default swap (credit default basket swap) in which the investors (protection sellers)...

Long Credit Default Swap

Buying a credit default swap (CDS); a long position in a credit default swap (CDS). It is equivalent to shorting...

Long Albatross

A complex and versatile option trading strategy (basically an albatross spread) which involves buying one deep in-the-money option, selling one...

Long Hedge

A hedge that involves taking a long position in futures contracts so as to lock in a price. When a...

Long Payer Swaption

A long position in a payer swaption. This position gives the holder the opportunity to pay the fixed rate and...

Long Cartwheel

A complex options trading strategy which combines a long call backspread and a short put ratio spread. For example, an...

Long an Option

The long position which is taken by the holder (buyer) of an option. In other words, the long side has...

Long Seagull Option

A three-pronged currency option combination that involves the simultaneous selling of an at-the-money put and buying of both an out-of-the-money...