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Non-Deliverable XCS

It stands for non-deliverable cross currency swap; a swap agreement (cross currency swap, XCS) that is entered into, and between,...

ND-XCS

It stands for non-deliverable cross currency swap; a swap agreement (cross currency swap, XCS) that is entered into, and between,...

NARC

It stands for noon average rate contract, which is by definition an average rate option (ARO) or average rate forward...

Non-Deferred Floored Put

A floored put whose payoff is received instantaneously by the option holder. The payoff is a cash amount equal to…

Natural Gas Derivative

A derivative in which the underlying is natural gas. An example is the natural gas futures contract which is traded...

Narrow-Based Index

An index which consists of futures contracts on a small set of stocks related to a specific sector (energy, pharmaceuticals,...

Near Perfect Floating Rate Note

A floating rate note that is embedded with caps or collars (caps and floors) so that the floating rate movement…

Normal Price of Option

An estimated price of option based on the premise that the relationships between the underlying price and the option price…

Nearly-Perfect Swap

An interest rate swap in which a fixed rate is exchanged into a low, off-market floating rate linked to a…

Non-Deferred Capped Call

A capped call whose payoff is received instantaneously by the option holder. The payoff is a cash amount equal to…